Cenovus Energy Inc. (CVE) Earnings History
Profitable18 years of earnings data (2008–2025) · Positive TTM net income
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Cenovus Energy Inc. (CVE) Earnings Overview
As of July 7, 2026, Cenovus Energy Inc. (CVE) reported trailing twelve-month net income of $4.64B, reflecting +28.7% year-over-year growth. The company earned $2.47 per diluted share over the past four quarters, with a net profit margin of 7.9%.
Looking at the long-term picture, CVE's historical earnings data spans multiple years. The company achieved its highest annual net income of $6.45B in fiscal 2022.
Cenovus Energy Inc. maintains positive profitability with a gross margin of 10.5%, operating margin of 8.8%, and net margin of 7.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including SU ($6.33B net income, 12.1% margin), CNQ ($9.71B net income, 24.5% margin), IMO ($3.13B net income, 6.9% margin), CVE has room to improve margins relative to the peer group. Compare CVE vs SU →
CVE Earnings vs Peers
Earnings metrics vs comparable public companies
CVE Historical Earnings Data (2008–2025)
18 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.93B | +25.0% | $4.38B | $2.15 | 7.9% | 8.8% |
| 2024 | $3.14B | -23.5% | $5.06B | $1.67 | 5.4% | 8.8% |
| 2023 | $4.11B | -36.3% | $5.62B | $2.12 | 7.4% | 10.1% |
| 2022 | $6.45B | +998.8% | $10.35B | $3.20 | 9.0% | 14.4% |
| 2021 | $587M | +124.7% | $3.52B | $0.29 | 1.2% | 7.2% |
| 2020 | -$2.38B | -208.4% | $0 | $-1.94 | -17.1% | 0.0% |
| 2019 | $2.19B | +182.2% | $4.15B | $1.78 | 10.7% | 20.2% |
| 2018 | -$2.67B | -179.3% | -$1.24B | $-2.17 | -12.5% | -5.8% |
| 2017 | $3.37B | +717.6% | $242M | $3.05 | 19.4% | 1.4% |
| 2016 | -$545M | -188.2% | -$221M | $-0.65 | -4.9% | -2.0% |
| 2015 | $618M | -16.9% | -$363M | $0.75 | 5.3% | -3.1% |
| 2014 | $744M | +12.4% | $1.69B | $0.98 | 3.7% | 8.4% |
| 2013 | $662M | -33.5% | $2.03B | $0.87 | 3.5% | 10.7% |
| 2012 | $995M | -32.7% | $2.10B | $1.31 | 5.8% | 12.2% |
| 2011 | $1.48B | +36.7% | $2.21B | $1.95 | 9.1% | 13.6% |
| 2010 | $1.08B | +32.2% | $1.15B | $1.43 | 8.3% | 8.8% |
| 2009 | $818M | -71.6% | $1.41B | $1.09 | 7.1% | 12.2% |
| 2008 | $2.88B | - | $4.03B | $3.83 | 14.3% | 20.0% |
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CVE — Frequently Asked Questions
Quick answers to the most common questions about buying CVE stock.
What is CVE earnings per share (EPS)?
CVE trailing twelve-month (TTM) diluted EPS is $2.47, reflecting +28.7% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2008 to 2025 is available in the table on this page.
What is Cenovus Energy Inc.'s net income?
Cenovus Energy Inc. (CVE) trailing twelve-month net income is $4.6B as of 2025. Earnings grew +28.7% year-over-year. Cenovus Energy Inc. has been profitable for 5 consecutive years.
Is CVE profitable?
Yes, CVE is profitable with a TTM net income of $4.6B and a net profit margin of +7.9%. Cenovus Energy Inc. has generated profits for 5 consecutive years.
What is CVE's earnings growth rate?
CVE compound annual EPS growth rates (CAGR): 1-Year: +28.7%, 3-Year: -12.4%, 5-Year: N/A, 10-Year: +11.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2008 to 2025.
What are CVE's profit margins?
Cenovus Energy Inc. net profit margin is +7.9%, operating margin is +8.8%, and gross margin is +10.5%. Margins are within a typical range for the sector. Return on Equity is +12.8%.
Is CVE growing earnings?
Yes, CVE earnings are accelerating — EPS growth of +28.7% exceeds the 5-year CAGR of N/A. TTM net income reached $4.6B. Earnings momentum is strengthening.
What was CVE's best earnings year?
Cenovus Energy Inc.'s highest annual net income on record is $6.5B, achieved in fiscal year 2022. Earnings history on this page spans 2008 to 2025 and includes all annual and quarterly figures.
What were CVE's earnings last quarter?
CVE's most recent reported quarter was Q1 2026. Net income was $1.6B with diluted EPS of $0.84. For a full breakdown of all quarters, see the quarterly earnings table on this page.