Cenovus Energy (CVE) Return on Capital Employed (2009 - 2026)
Cenovus Energy (CVE) posted Return on Capital Employed of 23.03% for Q2 2026, up 32.96% sequentially from 17.32% in Q1 2026, and up 455.0% YoY from 4.15% in Q2 2025.
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Cenovus Energy (CVE) Return on Capital Employed (2009 - 2026) Analysis & Trends
Cenovus Energy has reported Return on Capital Employed for 18 years, with the latest figure at 23.03% in Q2 2026.
- Quarterly Return on Capital Employed rose 455.0% year-over-year to 23.03% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.03% (up 455.0% YoY) and the FY2025 annual result came in at 10.51%, down 161.0% from the prior year.
- Return on Capital Employed improved to 23.03% in Q2 2026 per CVE's latest filing, from 17.32% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 47.19% in Q3 2022 and troughed at 16.19% in Q4 2025.
- A 5-year average of 25.0% and a median of 20.55% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed jumped 4054 bps in 2022, then slumped 2843 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 38.15% in 2022, then slumped by 53 bps to 17.81% in 2023, then grew by 17 bps to 20.91% in 2024, then slipped by 23 bps to 16.19% in 2025, then surged by 42 bps to 23.03% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 23.03%, 17.32%, and 16.19% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 33.86% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | -29.93% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 21.77% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 3.03% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 31.72% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 26.78% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 14.89% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 23.03% |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 16.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.03% |
| Mar 31, 2026 | 17.32% |
| Dec 31, 2025 | 16.19% |
| Sep 30, 2025 | 16.57% |
| Jun 30, 2025 | 18.48% |
| Mar 31, 2025 | 19.75% |
| Dec 31, 2024 | 20.91% |
| Sep 30, 2024 | 20.60% |
| Jun 30, 2024 | 20.50% |
| Mar 31, 2024 | 19.80% |
| Dec 31, 2023 | 17.81% |
| Sep 30, 2023 | 18.76% |
| Jun 30, 2023 | 25.57% |
| Mar 31, 2023 | 35.23% |
| Dec 31, 2022 | 38.15% |
| Sep 30, 2022 | 60.85% |
| Jun 30, 2022 | 68.72% |
| Mar 31, 2022 | 58.92% |
| Dec 31, 2021 | 54.75% |
| Sep 30, 2021 | 27.37% |