Cenovus Energy (CVE) Gross Margin (2009 - 2026)
Cenovus Energy (CVE) posted Gross Margin of 71.73% for Q1 2026, up 14.55% sequentially from 62.62% in Q4 2025, and up 1594.0% YoY from 4.23% in Q1 2025.
Cenovus Energy (CVE) Gross Margin (2009 - 2026) Analysis & Trends
Cenovus Energy (CVE) has 18 years of Gross Margin data on file, last reported at 71.73% in Q1 2026.
- Quarterly Gross Margin rose 1594.0% year-over-year to 71.73% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 50.25% (up 572.0% YoY) and the FY2025 annual result came in at 55.39%, up 348.0% from the prior year.
- Gross Margin rose to 71.73% in Q1 2026 per CVE's latest filing, from 62.62% in the prior quarter.
- The five-year high for Gross Margin was 71.73% in Q1 2026, with the low at 18.47% in Q2 2022.
- Average Gross Margin over 5 years is 46.75%, with a median of 52.72% recorded in 2023.
- The widest YoY moves for Gross Margin: up 3470 bps in 2023, down 432 bps in 2023.
- Cenovus Energy's Gross Margin stood at 53.68% in 2022, then declined by 7 bps to 50.07% in 2023, then rose by 2 bps to 50.85% in 2024, then advanced by 23 bps to 62.62% in 2025, then rose by 15 bps to 71.73% in 2026.
- Business Quant data shows CVE's Gross Margin at 71.73% in Q1 2026, 62.62% in Q4 2025, and 19.63% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | - |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | 48.18% |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 99.18% |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | 49.51% |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 41.85% |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | - |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 75.79% |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | -12.33% |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | 3.54% |
| 10 | Cenovus Energy | - | - | 6.46 Bn | 71.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 71.73% |
| Dec 31, 2025 | 62.62% |
| Sep 30, 2025 | 19.63% |
| Jun 30, 2025 | 50.64% |
| Mar 31, 2025 | 55.79% |
| Dec 31, 2024 | 50.85% |
| Sep 30, 2024 | 19.76% |
| Jun 30, 2024 | 52.81% |
| Mar 31, 2024 | 55.61% |
| Dec 31, 2023 | 50.07% |
| Sep 30, 2023 | 23.65% |
| Jun 30, 2023 | 53.17% |
| Mar 31, 2023 | 52.63% |
| Dec 31, 2022 | 94.14% |
| Jun 30, 2022 | 18.47% |
| Mar 31, 2022 | 93.18% |
| Dec 31, 2021 | 94.40% |
| Sep 30, 2021 | 14.31% |
| Jun 30, 2021 | 17.80% |
| Mar 31, 2021 | 96.14% |