Cenovus Energy (CVE) Operating Margin (2009 - 2025)
Cenovus Energy (CVE) reported Operating Margin of 12.39% for the quarter ended Dec 31, 2025, up 4.24 percentage points from 8.15% a year earlier.
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Analysis
Cenovus Energy (CVE) Operating Margin (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy posted Operating Margin of 20.93%, up 0.44 percentage points from the prior year.
- Operating Margin has a five-year change of +26.25 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Operating Margin came in at 20.49% in the year ended Dec 31, 2024 (+4.21 pp), 16.28% in the year ended Dec 31, 2023 (-15.88 pp), 32.16% in the year ended Dec 31, 2022 (+22.88 pp) and 9.29% in the year ended Dec 31, 2021 (+14.60 pp).
- The figure for the quarter ended Dec 31, 2025 ranks as the highest quarterly Operating Margin since the quarter ended Mar 31, 2024.
- Year over year, Operating Margin gained in three of the last six quarters, with an average year-over-year change of +0.80 percentage points.
- The high point for year-over-year Operating Margin in five years was the quarter ended Dec 31, 2021 (a gain of 13.10 percentage points); the low point was the quarter ended Sep 30, 2021 (a drop of 17.17 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 702.52 Bn | 660.66 Bn | - | - |
| 2 | Chevron | 427.59 Bn | 399.71 Bn | 33.45 Bn | 24.32% |
| 3 | Shell | 299.61 Bn | 159.87 Bn | - | - |
| 4 | TotalEnergies SE | 197.84 Bn | 68.92 Bn | 31,614.00 | -7,653,464.41% |
| 5 | Conocophillips | 165.71 Bn | 138.42 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 111.12 Bn | 23.97 Bn | 4.49 Bn | 36.02% |
| 7 | Canadian Natural Resources | 104.02 Bn | 101.03 Bn | 8.84 Bn | 81.91% |
| 8 | Phillips 66 | 102.56 Bn | 86.35 Bn | 10.69 Bn | 14.27% |
| 9 | Suncor Energy | 88.02 Bn | 73.77 Bn | - | 3.43% |
| 10 | Cenovus Energy | 51.43 Bn | 43.14 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 13.22% |
| Jun 30, 2025 | 7.94% |
| Mar 31, 2025 | 10.97% |
| Sep 30, 2024 | 12.17% |
| Jun 30, 2024 | 11.53% |
| Mar 31, 2024 | 14.54% |
| Sep 30, 2023 | 20.44% |
| Jun 30, 2023 | 10.20% |
| Mar 31, 2023 | 7.89% |
| Sep 30, 2022 | 12.90% |
| Jun 30, 2022 | 19.90% |
| Dec 31, 2021 | 1.63% |
| Sep 30, 2021 | 12.54% |
| Jun 30, 2021 | 0.08% |
| Dec 31, 2020 | -10.15% |
| Sep 30, 2020 | -21.67% |
| Dec 31, 2019 | 6.35% |
| Sep 30, 2019 | 10.85% |
| Jun 30, 2019 | 16.19% |
| Jun 30, 2018 | 8.04% |
API Access
Cenovus Energy Operating 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=operating-margin&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();