Cenovus Energy (CVE) Operating Margin (2009 - 2026)
Cenovus Energy (CVE) posted Operating Margin of 22.47% for Q1 2026, up 81.38% sequentially from 12.39% in Q4 2025, and up 1150.0% YoY from 1.8% in Q1 2025.
Cenovus Energy (CVE) Operating Margin (2009 - 2026) Analysis & Trends
Cenovus Energy (CVE) has 18 years of Operating Margin data on file, last reported at 22.47% in Q1 2026.
- Quarterly Operating Margin rose 1150.0% year-over-year to 22.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.07% (up 329.0% YoY) and the FY2025 annual result came in at 11.13%, up 32.0% from the prior year.
- Operating Margin improved to 22.47% in Q1 2026 per CVE's latest filing, from 12.39% in the prior quarter.
- The five-year high for Operating Margin was 22.47% in Q1 2026, with the low at 7.89% in Q1 2023.
- Average Operating Margin over 5 years is 12.52%, with a median of 11.85% recorded in 2024.
- Year-over-year, Operating Margin plunged 827 bps in 2024 and jumped 1150 bps in 2026.
- Cenovus Energy's Operating Margin stood at 9.39% in 2022, then dropped by 10 bps to 8.41% in 2023, then declined 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.
- Business Quant data shows CVE's Operating Margin at 22.47% in Q1 2026, 12.39% in Q4 2025, and 13.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | - |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | 33.35% |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 16.24% |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | 59.15% |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 26.06% |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | 31.55% |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 40.44% |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | -923.09% |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | -39.10% |
| 10 | Cenovus Energy | - | - | 6.46 Bn | 22.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.47% |
| Dec 31, 2025 | 12.39% |
| Sep 30, 2025 | 13.22% |
| Jun 30, 2025 | 7.94% |
| Mar 31, 2025 | 10.97% |
| Dec 31, 2024 | 8.15% |
| Sep 30, 2024 | 12.17% |
| Jun 30, 2024 | 11.53% |
| Mar 31, 2024 | 14.54% |
| Dec 31, 2023 | 8.41% |
| Sep 30, 2023 | 20.44% |
| Jun 30, 2023 | 10.20% |
| Mar 31, 2023 | 7.89% |
| Dec 31, 2022 | 9.39% |
| Jun 30, 2022 | 18.38% |
| Mar 31, 2022 | 12.24% |
| Dec 31, 2021 | 1.24% |
| Sep 30, 2021 | 11.85% |
| Jun 30, 2021 | 7.12% |
| Mar 31, 2021 | 9.37% |