Cenovus Energy (CVE) Net Margin (2009 - 2026)

Cenovus Energy's (CVE) quarterly Net Margin came in at 12.71% in Q1 2026, up 625.0% year-on-year from 1.75% in Q1 2025, and up 48.06% quarter-over-quarter from 8.58% in Q4 2025.

Cenovus Energy (CVE) Net Margin (2009 - 2026) Analysis & Trends

Cenovus Energy has disclosed Net Margin across 18 years of filings, most recently posting 12.71% for Q1 2026.

  • Net Margin for Q1 2026 came in at 12.71%, up 625.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.53% (up 434.0% YoY), and the FY2025 annual result was 7.91%, up 212.0% from the prior year.
  • Net Margin came in at 12.71% for Q1 2026 at Cenovus Energy, up from 8.58% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 12.79% in Q3 2023 to a low of 1.14% in Q4 2024.
  • The 5-year median for Net Margin is 6.99% (2023), against an average of 7.77%.
  • Across the five-year window, Net Margin jumped 962 bps in 2022 and slumped 685 bps in 2024, its largest moves.
  • Cenovus Energy's Net Margin stood at 5.25% in 2022, then grew by 8 bps to 5.66% in 2023, then tumbled by 80 bps to 1.14% in 2024, then jumped by 653 bps to 8.58% in 2025, then jumped by 48 bps to 12.71% in 2026.
  • The last three Net Margin figures came in at 12.71% (Q1 2026), 8.58% (Q4 2025), and 9.75% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Petrobras - Petroleo Brasileiro 1,901.04 Bn 1,894.28 Bn 11.34 Bn 26.37%
2 Exxon Mobil 629.96 Bn 628.14 Bn - 5.25%
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 10.73%
4 Shell 546.31 Bn 505.07 Bn - -
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn -7.11%
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn 12.71%
7 Eni Spa 252.26 Bn 242.70 Bn - 6.96%
8 Bp 196.12 Bn 159.56 Bn - 7.35%
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn 18.32%
10 Imperial Oil 42.92 Bn 42.17 Bn - 7.55%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.71%
Dec 31, 2025 8.58%
Sep 30, 2025 9.75%
Jun 30, 2025 6.91%
Mar 31, 2025 6.46%
Dec 31, 2024 1.14%
Sep 30, 2024 5.93%
Jun 30, 2024 6.86%
Mar 31, 2024 9.00%
Dec 31, 2023 5.66%
Sep 30, 2023 12.79%
Jun 30, 2023 7.08%
Mar 31, 2023 5.19%
Dec 31, 2022 5.25%
Jun 30, 2022 11.72%
Mar 31, 2022 9.35%
Dec 31, 2021 -2.81%
Sep 30, 2021 4.10%
Jun 30, 2021 2.11%
Mar 31, 2021 2.28%