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| Date | Value |
|---|---|
| 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% |