Cenovus Energy (CVE) Return on Capital Employed (2009 - 2026)

Cenovus Energy (CVE) posted Return on Capital Employed of 12.1% for Q1 2026, up 15.18% sequentially from 10.5% in Q4 2025, and up 4.0% YoY from 11.63% in Q1 2025.

Cenovus Energy (CVE) Return on Capital Employed (2009 - 2026) Analysis & Trends

Cenovus Energy (CVE) has 18 years of Return on Capital Employed data on file, last reported at 12.1% in Q1 2026.

  • Quarterly Return on Capital Employed rose 4.0% year-over-year to 12.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.1% (up 4.0% YoY) and the FY2025 annual result came in at 10.19%, down 202.0% from the prior year.
  • Return on Capital Employed improved to 12.1% in Q1 2026 per CVE's latest filing, from 10.5% in the prior quarter.
  • The five-year high for Return on Capital Employed was 37.29% in Q4 2022, with the low at 10.22% in Q1 2022.
  • Average Return on Capital Employed over 5 years is 14.89%, with a median of 13.18% recorded in 2023.
  • Year-over-year, Return on Capital Employed jumped 2993 bps in 2022 and tumbled 2413 bps in 2023.
  • Cenovus Energy's Return on Capital Employed stood at 37.29% in 2022, then tumbled by 65 bps to 13.17% in 2023, then grew by 0 bps to 13.2% in 2024, then slipped by 20 bps to 10.5% in 2025, then advanced by 15 bps to 12.1% in 2026.
  • Business Quant data shows CVE's Return on Capital Employed at 12.1% in Q1 2026, 10.5% in Q4 2025, and 10.53% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Exxon Mobil 6,326.01 Bn 6,324.19 Bn - 10.30%
2 Petrobras - Petroleo Brasileiro 3,284.86 Bn 3,284.86 Bn 11.34 Bn -
3 Bp 558.99 Bn 524.30 Bn 51.83 Bn -
4 TotalEnergies SE 523.98 Bn 523.98 Bn 26,816.00 -80.45%
5 Chevron 328.11 Bn 333.77 Bn 20.34 Bn 18.04%
6 Equinor Asa 77.88 Bn 70.78 Bn - 25.65%
7 National Fuel Gas 7.37 Bn 7.34 Bn 650.52 Mn 12.38%
8 Diversified Energy 1.02 Bn 860.11 Mn -3.35 Mn 9.71%
9 Stabilis Solutions 74.76 Mn 64.12 Mn 367,000.00 -4.66%
10 Cenovus Energy - - 6.46 Bn 12.10%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.10%
Dec 31, 2025 10.50%
Sep 30, 2025 10.53%
Jun 30, 2025 10.69%
Mar 31, 2025 12.05%
Dec 31, 2024 13.20%
Sep 30, 2024 13.07%
Jun 30, 2024 15.88%
Mar 31, 2024 15.14%
Dec 31, 2023 13.17%
Sep 30, 2023 14.03%
Jun 30, 2023 16.17%
Mar 31, 2023 17.82%
Dec 31, 2022 37.29%
Jun 30, 2022 16.45%
Mar 31, 2022 10.22%
Dec 31, 2021 7.36%
Sep 30, 2021 6.25%
Jun 30, 2021 1.71%
Mar 31, 2021 -1.38%