Cenovus Energy
CVE
30.63
-0.61
-1.95%
Cenovus Energy
US · CVE
#376 by market cap
Listed 1970
30.63
-0.61
-1.95%
Live - 5344 symbols - heartbeat 450s ago
· 2026-10-08 08:29
Pre-market
31.42
+2.58%
After-hours
30.76
+0.42%
Overnight
30.96
+1.08%
- Market cap
- 56.49B
- P/E (TTM)i
- 12.13
- P/Bi
- 2.36
- EPSi
- 1.51
- Div yieldi
- 1.89%
- 52W posi
- 81%
Reader sentiment
Are you bullish or bearish on CVE?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.43, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -8.44% YoY
Margins
- Gross margin
- 22.40%
- Operating margin
- 8.77%
- Net margin
- 7.42%
Key ratios & quality
- Enterprise valuei
- 65.15B
- Altman Z-Scorei
- 2.43
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.39B | 21.72B | 13.54B | 46.36B | 66.90B | 52.20B | 54.28B | 49.70B |
| Gross profit | 4.09B | 4.32B | -330.00M | 9.11B | 17.13B | 12.70B | 12.77B | 11.82B |
| Selling & admin expenses | 391.00M | 331.00M | 292.00M | 849.00M | 865.00M | 688.00M | 794.00M | 812.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -1.24B | 1.82B | -2.67B | 3.52B | 10.35B | 5.62B | 5.06B | 4.63B |
| Pretax profit | -3.93B | 1.40B | -3.23B | 1.32B | 8.73B | 5.04B | 4.07B | 4.48B |
| Tax | -1.01B | -797.00M | -851.00M | 728.00M | 2.28B | 931.00M | 929.00M | 547.00M |
| Net profit | -2.67B | 2.19B | -2.38B | 587.00M | 6.45B | 4.11B | 3.14B | 3.93B |
| Basic EPS | -2 | 2 | -2 | 0 | 3 | 2 | 2 | 2 |
| Diluted EPS | -2.17 | 1.78 | -1.94 | 0.27 | 3.20 | 2.09 | 1.67 | 2.15 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 13.30B | 12.32B | 13.20B | 10.88B | 12.36B | 17.43B |
| Gross profit | 3.11B | 2.59B | 3.33B | 2.79B | 4.25B | 5.89B |
| Selling & admin expenses | 197.00M | 153.00M | 220.00M | 242.00M | 411.00M | 218.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.28B | 690.00M | 1.51B | 1.14B | 2.36B | 4.28B |
| Pretax profit | 1.13B | 1.02B | 1.30B | 1.03B | 2.08B | 3.94B |
| Tax | 271.00M | 165.00M | 11.00M | 100.00M | 514.00M | 1.07B |
| Net profit | 859.00M | 851.00M | 1.29B | 934.00M | 1.57B | 2.87B |
| Basic EPS | 0 | 0 | 1 | 1 | 1 | 2 |
| Diluted EPS | 0.47 | 0.45 | 0.72 | 0.50 | 0.83 | 1.53 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 3.20B | 3.28B | 2.98B | 11.99B | 12.43B | 9.71B | 10.43B | 9.89B |
| Cash & ST investments | 781.00M | 186.00M | 378.00M | 2.87B | 4.52B | 2.23B | 3.09B | 2.74B |
| Inventory | 1.01B | 1.53B | 1.09B | 3.92B | 4.31B | 4.03B | 4.50B | 3.35B |
| Total assets | 35.17B | 35.71B | 32.77B | 54.10B | 55.87B | 53.92B | 56.54B | 63.42B |
| Total current liabilities | 2.60B | 2.52B | 2.36B | 7.31B | 8.02B | 6.21B | 7.36B | 6.31B |
| Short-term debt | 682.00M | 196.00M | 305.00M | 351.00M | 423.00M | 478.00M | 724.00M | 369.00M |
| Long-term debt | 8.48B | 6.70B | 7.44B | 12.39B | 8.69B | 7.11B | 7.34B | 11.03B |
| Total liabilities | 17,706,000,000.00 | 16,512,000,000.00 | 16,063,000,000.00 | 30,496,000,000.00 | 28,280,000,000.00 | 25,203,000,000.00 | 26,770,000,000.00 | 31,786,000,000.00 |
| Total equity | 17.47B | 19.20B | 16.71B | 23.61B | 27.59B | 28.71B | 29.77B | 31.64B |
| Retained earnings | 1.02B | 2.96B | 501.00M | 878.00M | 6.39B | 8.91B | 10.51B | 12.32B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 10.10B | 9.46B | 9.77B | 9.89B | 11.48B | 11.98B |
| Cash & ST investments | 2.77B | 2.56B | 1.90B | 2.74B | 2.58B | 3.17B |
| Inventory | 4.32B | 3.92B | 3.13B | 3.35B | 4.13B | 4.36B |
| Total assets | 56.38B | 55.82B | 53.57B | 63.42B | 64.85B | 65.12B |
| Total current liabilities | 6.91B | 7.14B | 5.65B | 6.31B | 7.33B | 7.35B |
| Short-term debt | 896.00M | 809.00M | 342.00M | 369.00M | 374.00M | 383.00M |
| Long-term debt | 7.33B | 7.06B | 7.16B | 11.03B | 10.63B | 8.56B |
| Total liabilities | 26,333,000,000.00 | 26,403,000,000.00 | 25,184,000,000.00 | 31,786,000,000.00 | 32,315,000,000.00 | 30,904,000,000.00 |
| Total equity | 30.05B | 29.42B | 28.39B | 31.64B | 32.53B | 34.21B |
| Retained earnings | 11.04B | 11.52B | 12.23B | 12.32B | 13.12B | 14.82B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.15B | 3.29B | 273.00M | 5.92B | 11.40B | 7.39B | 9.24B | 8.23B |
| Depreciation & amortization | 2.13B | 2.25B | 3.46B | 4.32B | 4.68B | 4.64B | 4.87B | 5.19B |
| Free cash flow | 777.00M | 2.10B | -586.00M | 3.36B | 7.65B | 3.09B | 4.22B | 3.32B |
| Dividends paid | -245.00M | -260.00M | -77.00M | -210.00M | -927.00M | -1.03B | -1.55B | -1.44B |
| Stock buybacks / issuance | -- | 0 | 0 | -265.00M | -2.53B | -1.06B | -1.49B | -2.15B |
| Ending cash balance | 781.00M | 186.00M | 378.00M | 2.87B | 4.52B | 2.23B | 3.09B | 2.74B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.32B | 2.37B | 2.13B | 2.41B | 2.18B | 5.64B |
| Depreciation & amortization | 1.31B | 1.18B | 1.32B | 1.37B | 1.47B | 1.49B |
| Free cash flow | 86.00M | 1.21B | 977.00M | 1.05B | 1.01B | 4.44B |
| Dividends paid | -333.00M | -368.00M | -356.00M | -380.00M | -379.00M | -411.00M |
| Stock buybacks / issuance | -62.00M | -316.00M | -939.00M | -775.00M | -356.00M | -1.08B |
| Ending cash balance | 2.77B | 2.56B | 1.90B | 2.74B | 2.58B | 3.17B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -14.25 | 11.97 | -13.25 | 2.78 | 25.59 | 14.75 | 10.79 | 12.86 |
| ROA %i | -7.01 | 6.19 | -6.95 | 1.27 | 11.67 | 7.42 | 5.62 | 6.53 |
| ROIC %i | -7.89 | 9.33 | -7.46 | 4.05 | 17.96 | 11.68 | 8.89 | 10.22 |
| 5-year avg ROE %i | 3.08 | 3.99 | 0.25 | 1.71 | 2.57 | 8.37 | 8.13 | 13.35 |
| EBIT margin %i | -15.57 | 9.10 | -19.82 | 4.84 | 13.30 | 10.39 | 8.18 | 9.74 |
| FCF / sales %i | 3.63 | 9.84 | -- | 6.88 | 10.65 | 5.57 | 7.31 | 6.30 |
| Current ratioi | 1.23 | 1.30 | 1.26 | 1.64 | 1.55 | 1.56 | 1.42 | 1.57 |
| Quick ratioi | 0.76 | 0.67 | 0.75 | 0.86 | 0.96 | 0.88 | 0.78 | 0.99 |
| Debt / assetsi | 26.05 | 24.12 | 28.44 | 28.50 | 20.84 | 18.45 | 18.81 | 22.40 |
| LT debt / equityi | 48.56 | 43.85 | 53.95 | 65.30 | 41.46 | 33.60 | 33.71 | 43.92 |
| Interest coveragei | -5.60 | 3.55 | -5.03 | 2.25 | 11.75 | 7.97 | 7.27 | 7.77 |
| Revenue CAGR (3Y) %i | 22.77 | 25.39 | -7.03 | 31.66 | 48.95 | 58.57 | 5.75 | -9.75 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | 43.25 | -- | 74.93 | -15.22 |
| FCF CAGR (3Y) %i | -- | -- | -- | 62.85 | 53.79 | -- | 7.94 | -24.26 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 9.46 | 9.01 | 10.89 | 12.86 | 14.86 | 20.96 |
| ROA %i | 5.01 | 4.74 | 5.77 | 6.53 | 7.64 | 11.00 |
| ROIC %i | 7.95 | 7.60 | 9.15 | 10.22 | 11.81 | 16.77 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 7.39 | 7.18 | 7.74 | 9.74 | 11.83 | 15.69 |
| FCF / sales %i | 5.88 | 5.35 | 5.13 | 6.30 | 8.18 | 12.88 |
| Current ratioi | 1.46 | 1.32 | 1.73 | 1.57 | 1.57 | 1.63 |
| Quick ratioi | 0.84 | 0.78 | 1.18 | 0.99 | 1.00 | 1.04 |
| Debt / assetsi | 19.11 | 18.79 | 18.72 | 22.40 | 21.21 | 17.86 |
| LT debt / equityi | 33.12 | 33.04 | 34.27 | 43.92 | 41.14 | 32.89 |
| Interest coveragei | 6.63 | 6.25 | 6.69 | 7.77 | 8.69 | 12.13 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- OIL SANDS is the largest reported line at 64.35% of revenue, across 6 reported segments.
- United States (US) Refining follows at 37.58%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
OIL SANDS64.35%
United States (US) Refining37.58%
Canadian Refining9.23%
Conventional4.99%
Offshore2.79%
Quote time 2026-10-08 08:29:55 · For reference only, not investment advice and not tailored to your situation.