Growth Metrics

Cenovus Energy (CVE) Operating Margin (2016 - 2026)

Cenovus Energy's Operating Margin history spans 18 years, with the latest figure at 22.47% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 1150.0% to 22.47% in Q1 2026 year-over-year; TTM through Mar 2026 was 14.07%, a 329.0% increase, with the full-year FY2025 number at 11.13%, up 32.0% from a year prior.
  • Operating Margin hit 22.47% in Q1 2026 for Cenovus Energy, up from 12.39% in the prior quarter.
  • Over the last five years, Operating Margin for CVE hit a ceiling of 22.47% in Q1 2026 and a floor of 7.89% in Q1 2023.
  • Historically, Operating Margin has averaged 12.52% across 5 years, with a median of 11.85% in 2024.
  • The widest YoY moves for Operating Margin: up 1160bps in 2022, down -3239bps in 2022.
  • Tracing CVE's Operating Margin over 5 years: stood at 9.39% in 2022, then decreased by -10bps to 8.41% in 2023, then fell by -3bps to 8.15% in 2024, then surged by 52bps to 12.39% in 2025, then surged by 81bps to 22.47% in 2026.
  • Business Quant data shows Operating Margin for CVE at 22.47% in Q1 2026, 12.39% in Q4 2025, and 13.22% in Q3 2025.