Sunday 11 October 2026 Export all CVE data to Excel Powerpack

Cenovus Energy Inc

Cenovus Energy Inc’s revenue for fiscal 2025 (year ended December 2025) was $35.6 billion, down 10.2% from fiscal 2024. In the quarter to June 2026, revenue grew 41.3%, EPS grew 226.5%, free cash flow grew 18,996.5% and total debt rose 14.0%, each against the same quarter a year earlier.

31.39 0.10 −0.32%

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Market cap: $58.1B
P/E: 12.0×
Fwd P/E: 8.7×
Dividend yield: 1.93%
F-score: 7/9
Altman Z: 2.20
Beneish M: −2.51
Dividend safety: 66/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 30.11%

Capital & Financial Ratios $m

Market Cap 58,080.00

Revenue 38,993.17

Net Income 4,783.38

Free Cash Flow 8,867.85

Net Debt 3,891.75

Current Ratio 1.63

Debt/Equity 0.25

P/E ratio 12.03

Fwd P/E 8.74

P/S ratio 1.50

P/B ratio 2.36

Past 5Y EPS Growth —

This Y EPS Growth 134.06%

Next Y EPS Growth (16.23%)

Next Y revenue growth 22.89%

Next 5Y EPS Growth 22.53%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 51.13%

10-year low 10-year high

P/S against its own 10 years 97.34%

10-year low 10-year high

P/B against its own 10 years 98.23%

10-year low 10-year high

EV/Sales against its own 10 years 88.40%

10-year low 10-year high

Dividends

Payout Ratio 0.23

Annual Dividend Rate 0.61

Annual Dividend Yield 1.93%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.61	0.14 0.16 0.16
2025	0.56	0.13 0.15 0.15 0.15
2024	0.49	0.10 0.10 0.13 0.13 0.13
2023	0.39	0.08 0.11 0.10 0.10
2022	0.27	0.03 0.08 0.08 0.09 0.08
2021	0.07	0.01 0.01 0.01 0.03
2020	0.05	0.05
2019	0.16	0.04 0.04 0.04 0.05
2018	0.15	0.04 0.04 0.04 0.04
2017	0.15	0.04 0.04 0.04 0.04
2016	0.15	0.04 0.04 0.04 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,650	2,257	1,961	2,290
Receivables	2,557	2,076	2,720	3,212
Inventory	2,985	3,281	2,397	3,149
Other	—	—	—	—
	7,192	7,615	7,078	8,650

	2023	2024	2025	Q'26
Payables	4,060	4,555	4,185	4,348
ST’ Debt	133	266	—	—
Other	121	—	—	—
	4,600	5,373	4,519	5,312

Compound Annual Growth %

	10y	5y	3y
Sales	13.27%	29.21%	(11.58%)
Cash Flow	17.70%	95.96%	(12.44%)
Earnings	19.20%	0.00%	(17.18%)
Book Value	8.84%	12.67%	2.19%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	9,006	12,588	—	—	—
’25	9,261	8,907	9,578	7,821	35,567
’24	9,931	10,876	10,445	8,359	39,611
’23	9,064	9,097	10,864	9,647	38,673
’22	12,790	15,008	13,386	10,273	51,457
’21	7,227	8,612	10,087	11,063	36,988
’20	2,959	1,569	2,747	2,600	9,874

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,590	4,056	—	—	—
’25	916	1,751	1,558	1,664	5,889
’24	1,427	2,031	1,824	1,458	6,740
’23	(211)	1,479	2,043	2,162	5,473
’22	1,078	2,324	3,060	2,310	8,771
’21	180	1,120	1,667	1,756	4,723
’20	93	(605)	529	187	204

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,590	4,056	—	—	—
’25	916	21	1,558	(1,848)	2,377
’24	1,427	2,031	1,824	(2,202)	3,080
’23	(1,025)	728	1,276	2,162	5,473
’22	489	1,684	2,423	1,323	5,919
’21	(252)	672	1,174	1,083	2,678
’20	(138)	(703)	401	2	(437)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.61	1.11	—	—	—
’25	0.32	0.33	0.52	0.36	1.54
’24	0.46	0.39	0.31	0.05	1.22
’23	0.24	0.33	0.72	0.29	1.57
’22	0.62	0.93	0.62	0.29	2.46
’21	0.08	0.09	0.21	(0.16)	0.22
’20	(1.09)	(0.14)	(0.12)	(0.10)	(1.45)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.10	6.76	6.15	6.75	1.41	5.56	12.27	14.97	14.20	10.23	Analyst estimates 2026–2028 Powerpack
	High	16.82	15.54	11.47	10.82	10.52	13.48	24.91	21.37	21.90	18.75
People
People	Employees	2,775	2,882	2,264	2,361	2,413	2,413	5,998	6,925	7,150	7,211
	Revenue/emp, $m	3.30	4.56	7.10	6.44	4.09	15.33	8.58	5.58	5.54	4.93
Income, $m
Income, $m	Revenue	9,164	13,147	16,081	15,208	9,874	36,988	51,457	38,673	39,611	35,567
	Gross margin, %	42.39	52.86	58.05	58.24	61.30	49.35	49.47	52.66	32.49	34.22
	EBT	(700)	1,709	(3,029)	1,053	(2,411)	1,049	6,716	3,734	2,971	3,204
	EBT margin, %	(7.64)	13.00	(18.84)	6.92	(24.42)	2.84	13.05	9.65	7.50	9.01
	Net income	(412)	2,597	(2,059)	1,653	(1,776)	468	4,961	3,044	2,293	2,813
	Depreciation	1,131	1,566	1,644	1,695	2,586	4,696	3,599	3,440	3,555	3,716
Per share, $
Per share, $	Revenue	11.00	11.92	13.09	12.38	8.03	18.35	26.37	20.40	21.41	19.65
	Earnings	(0.49)	2.35	(1.68)	1.34	(1.45)	0.22	2.53	1.59	1.23	1.55
	Cash flow	0.78	2.14	1.35	2.01	0.17	2.34	4.50	2.89	3.64	3.25
	Capex	(0.94)	(1.17)	(0.86)	(0.73)	(0.52)	(1.01)	(1.46)	0.00	(1.98)	(1.94)
	Free cash flow	(0.16)	0.97	0.49	1.29	(0.36)	1.33	3.03	2.89	1.66	1.31
	Book value	10.50	13.98	10.97	11.78	10.15	9.34	10.88	11.22	11.74	12.51
	Shares, m	833	1,103	1,229	1,229	1,229	2,016	1,951	1,895	1,850	1,810
Valuation, ×
Valuation, ×	P/E	0.00	4.25	0.00	7.57	0.00	55.82	7.21	10.36	12.22	10.85
	P/S	1.39	0.82	0.54	0.82	0.75	0.67	0.69	0.81	0.71	0.86
	P/B	1.45	0.70	0.64	0.86	0.60	1.34	1.71	1.50	1.31	1.36
	EV/Sales	1.60	1.39	0.94	1.15	1.29	0.88	0.76	0.91	0.79	1.04
	EV/FCF	(112.24)	17.05	25.20	11.07	(29.23)	12.10	6.57	16.33	41.95	(9.75)
Cash, $m
Cash, $m	Operating cash flow	650	2,360	1,662	2,476	204	4,723	8,771	5,473	6,740	5,889
	Capex	(781)	(1,288)	(1,062)	(892)	(641)	(2,045)	(2,852)	—	(3,660)	(3,512)
	Free cash flow	(131)	1,071	599	1,584	(437)	2,678	5,919	5,473	3,080	2,377
Balance, $m
Balance, $m	Working capital	3,135	441	459	575	461	3,737	3,391	2,591	2,242	2,559
	Total debt	4,782	7,338	7,070	5,199	5,645	9,945	6,774	5,398	5,625	7,896
	Net debt	1,973	6,868	6,467	5,059	5,363	7,653	3,294	3,748	3,367	5,935
	Shareholders’ equity	8,753	15,413	13,477	14,470	12,472	18,837	21,221	21,270	21,725	22,643
Returns, %
Returns, %	ROA	(2.10)	10.25	(7.01)	6.12	(6.91)	1.30	11.46	7.28	5.58	6.47
	ROIC	(2.14)	0.35	(6.38)	4.96	(7.20)	6.10	17.99	10.56	8.57	8.18
	ROE	(4.46)	21.49	(14.26)	11.83	(13.18)	2.86	25.15	14.47	10.70	12.73

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TTE TotalEnergies SE Sponsored ADR	$191.3B	10.7×	7.6×	+27.80% (above 0%: growing)	+106.78% (above 0%: growing)	+464.21% (above 0%: growing)	32.91%	13.37%	Compare
BP BP p.l.c.	$119.4B	22.0×	8.0×	+47.06% (above 0%: growing)	+140.32% (above 0%: growing)	+144.15% (above 0%: growing)	27.64%	12.75%	Compare
EQNR Equinor ASA	$102.6B	11.7×	7.6×	+39.90% (above 0%: growing)	+298.00% (above 0%: growing)	+1,548.80% (above 0%: growing)	54.71%	36.94%	Compare
PBR Petroleo Brasileiro S.A.- Petrobras	$91.9B	6.4×	—	+59.75% (above 0%: growing)	+118.92% (above 0%: growing)	+149.36% (above 0%: growing)	58.00%	42.41%	Compare
E Eni SpA	$81.1B	14.1×	9.3×	+21.42% (above 0%: growing)	+616.67% (above 0%: growing)	+43.60% (above 0%: growing)	21.45%	5.19%	Compare
PBR.A Petroleo Brasileiro S.A.- Petrobras	$60.3B	5.7×	—	+59.75% (above 0%: growing)	+118.92% (above 0%: growing)	+149.36% (above 0%: growing)	58.00%	42.41%	Compare
CVE Cenovus Energy Inc	$58.1B	12.0×	8.7×	+41.33% (above 0%: growing)	+226.47% (above 0%: growing)	+18,996.54% (above 0%: growing)	42.35%	23.60%
EC Ecopetrol S.A.	$34.8B	13.4×	5.2×	−95.22% (below 0%: shrinking)	+22.58% (above 0%: growing)	−89.78% (below 0%: shrinking)	29.49%	18.48%	Compare
YPF YPF Sociedad Anonima	$19.6B	26.3×	—	+41.65% (above 0%: growing)	+2,546.55% (above 0%: growing)	+922.15% (above 0%: growing)	45.10%	27.58%	Compare
Median of peers	$86.5B	12.6×	7.6×	+40.78%	+129.62%	+149.36%	39.01%	23.03%

All 19 Oil & Gas Integrated stocks →

Cenovus Energy Inc (CVE) key facts

Concern: Cenovus Energy Inc’s revenue for fiscal 2025 (year ended December 2025) was $35.6 billion, down 10.2% from fiscal 2024.
Strength: Net income was $2.8 billion, or $1.55 per share (basic), a net margin of 7.88%.
Cenovus Energy Inc (CVE) is an Oil & Gas Integrated company in the Energy sector, listed on the New York Stock Exchange.
As of October 9, 2026, CVE traded at $31.39, a market capitalization of $58.1 billion.
At that price the stock trades at 12.0× trailing-twelve-month earnings and 1.5× sales; its P/E is higher than 51% of its own readings over the past ten years.
Cenovus Energy Inc pays an annual dividend of $0.61 per share, a yield of 1.93%, with a payout ratio of 23.4%.
Return on equity was 12.7% and debt-to-equity 0.25.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.20 (grey zone) for fiscal 2025.