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

Cenovus Energy has disclosed Operating Margin across 18 years of filings, most recently posting 22.47% for Q1 2026.

• Operating Margin for Q1 2026 came in at 22.47%, up 1150.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.07% (up 329.0% YoY), and the FY2025 annual result was 11.13%, up 32.0% from the prior year.
• Operating Margin came in at 22.47% for Q1 2026 at Cenovus Energy, up from 12.39% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 22.47% in Q1 2026 to a low of 7.89% in Q1 2023.
• The 5-year median for Operating Margin is 11.85% (2024), against an average of 12.52%.
• Across the five-year window, Operating Margin slumped 827 bps in 2024 and soared 1150 bps in 2026, its largest moves.
• Cenovus Energy's Operating Margin stood at 9.39% in 2022, then retreated by 10 bps to 8.41% in 2023, then decreased by 3 bps to 8.15% in 2024, then jumped by 52 bps to 12.39% in 2025, then jumped by 81 bps to 22.47% in 2026.
• The last three Operating Margin figures came in at 22.47% (Q1 2026), 12.39% (Q4 2025), and 13.22% (Q3 2025), per Business Quant data.