Cenovus Energy Inc.
TSX:CVE.TO · Toronto Stock Exchange
-$0.85 today
Vol 8.01M · Avg 7.53M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
TSX:CVE.TO · Revenue to Net Income
Key Ratios
Analysis
$48.8B of revenue converted into $4.6B of net income for the selected period. Gross margin is 15.9% and net margin is 9.5%, showing how much revenue survives after costs and taxes. EPS is $2.52, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $49.7B -8.4% | $54.3B +4.0% | $52.2B -22.0% | $66.9B +44.3% | $46.4B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $44.5B -8.5% | $48.6B +5.7% | $46.0B -17.1% | $55.5B +36.7% | $40.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $5.2B -7.7% | $5.6B -8.6% | $6.2B -45.8% | $11.4B +97.9% | $5.7B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 10.5% +0.1pp | 10.4% -1.4pp | 11.8% -5.2pp | 17.0% +4.6pp | 12.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $812.0M +2.3% | $794.0M +15.4% | $688.0M -20.5% | $865.0M +1.9% | $849.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $812.0M +2.3% | $794.0M +15.4% | $688.0M -20.5% | $865.0M +1.9% | $849.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $5.4B +6.7% | $5.1B +6.3% | $4.8B +5.6% | $4.5B +0.4% | $4.5B | $374.2M | $1.2B | $631.8M |
| EBITDA | $10.4B +8.6% | $9.6B -6.6% | $10.2B -26.4% | $13.9B +108.6% | $6.7B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 20.9% +3.3pp | 17.6% -2.0pp | 19.6% -1.2pp | 20.8% +6.4pp | 14.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $4.4B -9.3% | $4.8B -11.6% | $5.5B -47.9% | $10.5B +114.6% | $4.9B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 8.8% -0.1pp | 8.9% -1.6pp | 10.5% -5.2pp | 15.7% +5.1pp | 10.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $141.0M -17.1% | $170.0M +27.8% | $133.0M +64.2% | $81.0M +252.2% | $23.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $467.0M +1.7% | $459.0M +1.8% | $451.0M -30.0% | $644.0M -27.1% | $883.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $93.0M +112.2% | -$765.0M -77.1% | -$432.0M +75.5% | -$1.8B +50.7% | -$3.6B | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $4.5B +10.0% | $4.1B -19.2% | $5.0B -42.3% | $8.7B +564.0% | $1.3B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 9.0% +1.5pp | 7.5% -2.2pp | 9.7% -3.4pp | 13.1% +10.2pp | 2.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $547.0M -41.1% | $929.0M -0.2% | $931.0M -59.2% | $2.3B +213.3% | $728.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $3.9B +25.1% | $3.1B -23.5% | $4.1B -36.3% | $6.5B +998.8% | $587.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.9% +2.1pp | 5.8% -2.1pp | 7.9% -1.8pp | 9.6% +8.4pp | 1.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +28.6% | $2 -21.9% | $2 -34.7% | $3 +1034.5% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +28.7% | $2 -21.2% | $2 -33.8% | $3 +1003.4% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.8B -2.1% | $1.8B -2.5% | $1.9B -2.9% | $2.0B -3.2% | $2.0B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.8B -2.3% | $1.9B -3.2% | $1.9B -4.0% | $2.0B -1.9% | $2.0B | $1.2B | $924.4M | $678.0M |
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How much revenue does CVE.TO generate?
Cenovus Energy Inc. (CVE.TO) reported $49.70B of revenue in fiscal 2025.
Is CVE.TO profitable?
Cenovus Energy Inc. (CVE.TO) reported $3.93B of net income, with a net margin of 7.9%.
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