Growth Metrics

Cenovus Energy (CVE) Gross Margin (2016 - 2026)

Cenovus Energy's Gross Margin history spans 18 years, with the latest figure at 71.73% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 1594.0% to 71.73% in Q1 2026 year-over-year; TTM through Mar 2026 was 50.25%, a 572.0% increase, with the full-year FY2025 number at 55.39%, up 348.0% from a year prior.
  • Gross Margin hit 71.73% in Q1 2026 for Cenovus Energy, up from 62.62% in the prior quarter.
  • Over the last five years, Gross Margin for CVE hit a ceiling of 71.73% in Q1 2026 and a floor of 18.47% in Q2 2022.
  • Historically, Gross Margin has averaged 46.75% across 5 years, with a median of 52.72% in 2023.
  • The widest YoY moves for Gross Margin: up 3470bps in 2023, down -432bps in 2023.
  • Tracing CVE's Gross Margin over 5 years: stood at 53.68% in 2022, then fell by -7bps to 50.07% in 2023, then grew by 2bps to 50.85% in 2024, then rose by 23bps to 62.62% in 2025, then grew by 15bps to 71.73% in 2026.
  • Business Quant data shows Gross Margin for CVE at 71.73% in Q1 2026, 62.62% in Q4 2025, and 19.63% in Q3 2025.