Cenovus Energy (CVE) Gross Margin (2009 - 2026)
Cenovus Energy (CVE) posted Gross Margin of 67.48% for Q2 2026, down 5.93% sequentially from 71.73% in Q1 2026, and up 1684.0% YoY from 3.78% in Q2 2025.
Cenovus Energy (CVE) Gross Margin (2009 - 2026) Analysis & Trends
Cenovus Energy has reported Gross Margin for 18 years, with the latest figure at 67.48% in Q2 2026.
- Quarterly Gross Margin rose 1684.0% year-over-year to 67.48% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 44.26% (up 869.0% YoY) and the FY2025 annual result came in at 55.39%, up 348.0% from the prior year.
- Gross Margin declined to 67.48% in Q2 2026 per CVE's latest filing, from 71.73% in the prior quarter.
- Over five years, Gross Margin peaked at 71.73% in Q1 2026 and troughed at 17.71% in Q2 2022.
- A 5-year average of 46.07% and a median of 52.72% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 3202 bps in 2022, then jumped 3546 bps in 2023.
- Over 5 years, Gross Margin stood at 53.68% in 2022, then dropped by 7 bps to 50.07% in 2023, then increased by 2 bps to 50.85% in 2024, then gained by 23 bps to 62.62% in 2025, then grew by 8 bps to 67.48% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 67.48%, 71.73%, and 62.62% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 48.18% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | - |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 41.85% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | - |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 31.83% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | - |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 59.43% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | - |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 32.91% |
| 10 | Cenovus Energy | 12.32 Bn | 10.04 Bn | 8.50 Bn | 67.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.48% |
| Mar 31, 2026 | 71.73% |
| Dec 31, 2025 | 62.62% |
| Sep 30, 2025 | 20.03% |
| Jun 30, 2025 | 50.64% |
| Mar 31, 2025 | 55.79% |
| Dec 31, 2024 | 50.85% |
| Sep 30, 2024 | 20.38% |
| Jun 30, 2024 | 52.81% |
| Mar 31, 2024 | 55.61% |
| Dec 31, 2023 | 50.07% |
| Sep 30, 2023 | 18.98% |
| Jun 30, 2023 | 53.17% |
| Mar 31, 2023 | 52.63% |
| Dec 31, 2022 | 53.68% |
| Sep 30, 2022 | 18.17% |
| Jun 30, 2022 | 17.71% |
| Mar 31, 2022 | 56.95% |
| Dec 31, 2021 | 50.64% |
| Sep 30, 2021 | 50.19% |