Cenovus Energy (CVE) Net Margin (2009 - 2025)
Cenovus Energy's (CVE) quarterly Net Margin came in at 8.58% in Q4 2025, up 744.0% year-over-year from 1.02% in Q4 2024, and up 11.18% quarter-over-quarter from 7.72% in Q3 2025.
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Cenovus Energy (CVE) Net Margin (2009 - 2025) Analysis & Trends
Cenovus Energy has disclosed Net Margin across 17 years of filings, most recently posting 8.58% for Q4 2025.
- In Q4 2025, Net Margin rose 744.0% year-over-year to 8.58%; the TTM figure through Dec 2025 stood at 7.39% (up 73.0% YoY), while the FY2025 annual figure was 7.91%, up 212.0% from the prior year.
- Net Margin came in at 8.58% for Q4 2025 at Cenovus Energy, up from 7.72% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 15.34% in Q2 2022 to a low of 2.81% in Q4 2021.
- Average Net Margin over 5 years is 6.28%, with a median of 6.88% recorded in 2024.
- Year-over-year, Net Margin surged 4703 bps in 2021 and sank 826 bps in 2023.
- Over 5 years, Net Margin stood at 2.81% in 2021, then soared by 287 bps to 5.25% in 2022, then gained by 8 bps to 5.66% in 2023, then sank by 80 bps to 1.14% in 2024, then jumped by 653 bps to 8.58% in 2025.
- Per Business Quant data, the three most recent Net Margin figures were 8.58% in Q4 2025, 7.72% in Q3 2025, and 6.91% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 17.41% |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 11.43% |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | 8.80% |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | 14.64% |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | 9.17% |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 7.45% |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 19.26% |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | 13.63% |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 8.58% |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 34.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.58% |
| Sep 30, 2025 | 7.72% |
| Jun 30, 2025 | 6.91% |
| Mar 31, 2025 | 6.46% |
| Dec 31, 2024 | 1.14% |
| Sep 30, 2024 | 7.23% |
| Jun 30, 2024 | 6.86% |
| Mar 31, 2024 | 9.00% |
| Dec 31, 2023 | 5.66% |
| Sep 30, 2023 | 8.12% |
| Jun 30, 2023 | 7.08% |
| Mar 31, 2023 | 5.19% |
| Dec 31, 2022 | 5.25% |
| Sep 30, 2022 | 9.97% |
| Jun 30, 2022 | 15.34% |
| Mar 31, 2022 | 9.35% |
| Dec 31, 2021 | -2.81% |
| Sep 30, 2021 | 4.34% |
| Jun 30, 2021 | 2.02% |
| Mar 31, 2021 | 2.28% |