Cenovus Energy (CVE) Net Margin (2009 - 2025)
Cenovus Energy's Net Margin came in at 8.58% for the quarter ended Dec 31, 2025, up 5.49 percentage points from 3.09% a year earlier.
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Analysis
Cenovus Energy (CVE) Net Margin (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy's Net Margin was 8.61%, up 2.36 percentage points from the prior year.
- Net Margin carries a five-year change of +17.55 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Net Margin was 6.25% in the year ended Dec 31, 2024 (-1.62 pp), 7.87% in the year ended Dec 31, 2023 (-8.76 pp), 16.63% in the year ended Dec 31, 2022 (+15.36 pp) and 1.27% in the year ended Dec 31, 2021 (+10.20 pp).
- The figure for the quarter ended Dec 31, 2025 represents the highest quarterly Net Margin since the quarter ended Mar 31, 2024.
- Year-over-year, Net Margin increased in three of the last six quarters, with an average year-over-year change of +1.12 percentage points.
- The fastest year-over-year change in Net Margin over five years came in the quarter ended Sep 30, 2021 (a gain of 9.64 percentage points), and the weakest in the quarter ended Dec 31, 2024 (a drop of 2.57 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 12.52% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 10.35% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 17.23% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 0.00% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 13.62% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 20.14% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 7.39% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 9.17% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 0.01% |
| 10 | Cenovus Energy | 59.10 Bn | 50.78 Bn | - | 8.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2022 | 9.21% |
| Jun 30, 2022 | 12.69% |
| Dec 31, 2021 | -3.69% |
| Sep 30, 2021 | 4.34% |
| Jun 30, 2021 | 7,466.67% |
| Dec 31, 2020 | -5.32% |
| Sep 30, 2020 | -5.30% |
| Dec 31, 2019 | 2.87% |
API Access
Cenovus Energy Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CVE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();