
Cenovus Energy (CVE) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
9.3B
Gross Profit
1.9B
20.05%
Operating Income
494.3M
5.33%
Net Income
609.6M
6.58%
EPS (Diluted)
$0.45
Balance Sheet Metrics
Total Assets
40.0B
Total Liabilities
18.9B
Shareholders Equity
21.1B
Debt to Equity
0.90
Cash Flow Metrics
Operating Cash Flow
1.4B
Free Cash Flow
866.8M
Revenue & Profitability Trend
Cenovus Energy Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 41.4B | 55.5B | 71.8B | 48.8B | 13.9B |
Cost of Goods Sold | 32.2B | 42.8B | 54.6B | 39.7B | 14.2B |
Gross Profit | 9.1B | 12.7B | 17.1B | 9.1B | -330.0M |
Gross Margin % | 22.1% | 22.9% | 23.9% | 18.7% | -2.4% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 568.8M | 688.0M | 865.0M | 849.0M | 292.0M |
Other Operating Expenses | 5.0B | 6.4B | 5.9B | 4.7B | 2.0B |
Total Operating Expenses | 5.5B | 7.1B | 6.8B | 5.6B | 2.3B |
Operating Income | 3.6B | 5.6B | 10.4B | 3.5B | -2.7B |
Operating Margin % | 8.8% | 10.1% | 14.4% | 7.2% | -19.2% |
Non-Operating Items | |||||
Interest Income | 121.8M | 217.0M | 110.0M | 23.0M | 34.0M |
Interest Expense | 464.9M | 723.0M | 812.0M | 1.0B | 536.0M |
Other Non-Operating Income | -341.0M | -44.0M | -882.0M | -1.2B | -35.0M |
Pre-tax Income | 2.9B | 5.0B | 8.7B | 1.3B | -3.2B |
Income Tax | 665.5M | 931.0M | 2.3B | 728.0M | -851.0M |
Effective Tax Rate % | 22.8% | 18.5% | 26.1% | 55.4% | 0.0% |
Net Income | 2.3B | 4.1B | 6.4B | 587.0M | -2.4B |
Net Margin % | 5.4% | 7.4% | 9.0% | 1.2% | -17.1% |
Key Metrics | |||||
EBITDA | 7.3B | 10.5B | 15.7B | 8.2B | 765.0M |
EPS (Basic) | $1.68 | $2.15 | $3.29 | $0.27 | $-1.94 |
EPS (Diluted) | $1.67 | $2.12 | $3.20 | $0.27 | $-1.94 |
Basic Shares Outstanding | 1325410159 | 2698794390 | 2835238900 | 2929538600 | 1785591700 |
Diluted Shares Outstanding | 1325410159 | 2698794390 | 2835238900 | 2929538600 | 1785591700 |
Income Statement Trend
Cenovus Energy Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 2.2B | 2.2B | 4.5B | 2.9B | 378.0M |
Short-term Investments | - | - | - | - | - |
Accounts Receivable | 1.7B | 2.7B | 3.0B | 2.5B | 1.1B |
Inventory | 3.2B | 4.0B | 4.3B | 3.9B | 1.1B |
Other Current Assets | - | - | - | - | - |
Total Current Assets | 7.5B | 9.7B | 12.4B | 12.0B | 3.0B |
Non-Current Assets | |||||
Property, Plant & Equipment | 3.2B | 3.9B | 3.7B | 14.3B | 38.5B |
Goodwill | 4.2B | 5.8B | 5.9B | 7.0B | 4.6B |
Intangible Assets | 7.9M | - | 19.0M | 78.0M | 89.0M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 1.1B | 1.1B | 986.0M | 1.1B | 59.0M |
Total Non-Current Assets | 33.0B | 44.2B | 43.4B | 42.1B | 29.8B |
Total Assets | 40.5B | 53.9B | 55.9B | 54.1B | 32.8B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 719.9M | 1.1B | 2.3B | 2.6B | 608.0M |
Short-term Debt | 518.6M | 478.0M | 423.0M | 351.0M | 305.0M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | 183.0M | 302.0M | 538.0M | 36.0M |
Total Current Liabilities | 5.3B | 6.2B | 8.0B | 7.3B | 2.4B |
Non-Current Liabilities | |||||
Long-term Debt | 7.1B | 9.5B | 11.2B | 15.1B | 9.0B |
Deferred Tax Liabilities | 2.9B | 4.2B | 4.3B | 3.3B | 3.2B |
Other Non-Current Liabilities | 308.8M | 554.0M | 377.0M | 112.0M | 45.0M |
Total Non-Current Liabilities | 13.9B | 19.0B | 20.3B | 23.2B | 13.7B |
Total Liabilities | 19.2B | 25.2B | 28.3B | 30.5B | 16.1B |
Equity | |||||
Common Stock | 11.2B | 16.0B | 16.3B | 17.0B | 11.0B |
Retained Earnings | 7.5B | 8.9B | 6.4B | 878.0M | 501.0M |
Treasury Stock | 30.8M | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 21.3B | 28.7B | 27.6B | 23.6B | 16.7B |
Key Metrics | |||||
Total Debt | 7.6B | 9.9B | 11.6B | 15.4B | 9.3B |
Working Capital | 2.2B | 3.5B | 4.4B | 4.7B | 617.0M |
Balance Sheet Composition
Cenovus Energy Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 2.3B | 4.1B | 6.4B | 587.0M | -2.4B |
Depreciation & Amortization | 3.5B | 4.6B | 4.7B | 4.3B | 3.5B |
Stock-Based Compensation | -103.9M | - | - | - | - |
Working Capital Changes | 0 | 0 | 0 | -1.2B | 126.0M |
Operating Cash Flow | 5.3B | 8.5B | 10.7B | 4.7B | 407.0M |
Investing Activities | |||||
Capital Expenditures | - | 0 | -50.0M | 0 | 0 |
Acquisitions | 17.2M | -503.0M | 1.1B | 1.2B | 38.0M |
Investment Purchases | - | - | - | - | -4.0M |
Investment Sales | - | - | - | - | - |
Investing Cash Flow | -22.2M | -872.0M | 1.6B | 1.6B | -4.0M |
Financing Activities | |||||
Share Repurchases | -1.2B | -1.1B | -2.5B | -265.0M | 0 |
Dividends Paid | -1.1B | -1.0B | -927.0M | -210.0M | -77.0M |
Debt Issuance | - | - | 0 | 1.6B | 1.3B |
Debt Repayment | -214.2M | -1.6B | -4.5B | -3.5B | -529.0M |
Financing Cash Flow | -2.5B | -3.7B | -7.9B | -2.5B | 837.0M |
Free Cash Flow | 3.0B | 3.1B | 7.6B | 3.4B | -586.0M |
Net Change in Cash | 2.7B | 4.0B | 4.4B | 3.8B | 1.2B |
Cash Flow Trend
Cenovus Energy Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
16.49
Forward P/E
10.95
Price to Book
1.05
Price to Sales
0.58
PEG Ratio
-1.46
Profitability Ratios
Profit Margin
5.12%
Operating Margin
5.88%
Return on Equity
9.00%
Return on Assets
4.14%
Financial Health
Current Ratio
1.32
Debt to Equity
35.65
Beta
1.24
Per Share Data
EPS (TTM)
$1.03
Book Value per Share
$16.23
Revenue per Share
$28.61
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
cve | 31.5B | 16.49 | 1.05 | 9.00% | 5.12% | 35.65 |
Exxon Mobil | 482.9B | 16.09 | 1.84 | 11.83% | 9.40% | 14.44 |
Chevron | 312.4B | 19.74 | 1.81 | 8.96% | 7.25% | 20.01 |
TotalEnergies SE | 127.6B | 9.70 | 1.09 | 11.71% | 7.25% | 49.73 |
Suncor Energy | 48.5B | 11.06 | 1.08 | 13.68% | 12.04% | 32.99 |
Imperial Oil | 47.5B | 13.83 | 1.83 | 19.21% | 9.48% | 17.01 |
Financial data is updated regularly. All figures are in the company's reporting currency.