What is the current annual gross margin of CVE?

As of today, CVE annual gross margin is 10.46%

What is 1-year change in CVE annual gross margin?

CVE annual gross margin is up +0.87% year-over-year

What is 3-year change in CVE annual gross margin?

CVE annual gross margin is down -38.40% over the past 3 years

How far is CVE annual gross margin from its all-time high?

CVE annual gross margin is currently -58.64% below its historical high of 25.29% set on December 1, 2007

How does CVE annual gross margin rank versus sector peers?

CVE annual gross margin is higher than 23.46% of companies in Energy sector

When is CVE next annual earnings release?

As of today, the next annual earnings release for CVE has not been scheduled

What is the current quarterly gross margin of CVE?

As of today, CVE quarterly gross margin is 25.45%

What is CVE quarterly gross margin most recent change?

CVE quarterly gross margin was up +16.21% on June 30, 2026

What is 1-year change in CVE quarterly gross margin?

CVE quarterly gross margin is up +299.53% year-over-year

How far is CVE quarterly gross margin from its all-time high?

CVE quarterly gross margin is currently -41.22% below its historical high of 43.30% set on March 31, 2009

How does CVE quarterly gross margin rank versus sector peers?

CVE quarterly gross margin is higher than 44.44% of companies in Energy sector

When is CVE next earnings release?

The next earnings release for CVE is on October 29, 2026

CVE Gross Margin History & Chart Since 2007

Annual Gross Margin

10.46%0.09%+0.87%

December 31, 2025

Summary

Current Value: As of today, CVE annual gross margin is 10.46%, up +0.87% on December 31, 2025
Historical Performance: CVE annual gross margin is down -38.40% over the past 3 years, up +199.43% over the past 5 years
All-Time High Comparison: CVE annual gross margin is currently -58.64% below its historical high of 25.29% set on December 1, 2007
3-Year Low Comparison: CVE annual gross margin is +0.87% above its 3-year low of 10.37% reached on December 31, 2024
Sector Comparison: CVE annual gross margin is higher than 23.46% of companies in Energy sector

Gross Margin Chart

beforeafter

Performance

CVE Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	10.46%	+0.9%	-38.4%	+199.4%	-2.7%
Quarterly Gross Margin	Jun 30, 26	25.45%	+299.5%	+157.6%	+108.6%	+27.1%
Price	Aug 27, 26	$31.71	+87.3%	+68.4%	+278.9%	-5.5%
PE Ratio	Aug 27, 26	12.23	-26.5%	-4.5%	–	-48.2%
Annual Revenue	Dec 31, 25	$35.57B	-10.2%	-30.8%	+252.3%	+189.8%
Annual Gross Profit	Dec 31, 25	$3.72B	-9.5%	-57.4%	+450.0%	+181.8%
Annual Operating Margin	Dec 31, 25	8.82%	-1.0%	-43.8%	+169.6%	+3.3%
Annual Net Margin	Dec 31, 25	7.91%	+36.6%	-17.9%	+145.0%	-7.5%

Gross Margin Highs

CVE Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	16.98%	N/A	-38.4%
5Y	16.98%	Dec 31, 22	-38.4%
All	25.29%	Dec 1, 07	-58.6%

Gross Margin Lows

CVE Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	10.37%	Dec 31, 24	+0.9%
5Y	-10.52%	N/A	+199.4%
All	-10.52%	Dec 31, 20	+199.4%

Gross Margin History

Year	Value	Change
2025	10.46%	+0.9%
2024	10.37%	-12.1%
2023	11.80%	-30.5%
2022	16.98%	+37.2%
2021	12.38%	+217.7%
2020	-10.52%	-199.9%
2019	10.53%	+694.9%
2018	-1.77%	-156.0%
2017	3.16%	+206.8%
2016	1.03%	+124.3%

Year	Value	Change
2015	-4.24%	-140.5%
2014	10.47%	-23.4%
2013	13.67%	-9.9%
2012	15.18%	-3.2%
2011	15.68%	+45.9%
2010	10.75%	-37.4%
2009	17.18%	-15.0%
2008	20.20%	-20.1%
2007	25.29%	-

FAQ

What is the current annual gross margin of CVE?: As of today, CVE annual gross margin is 10.46%
What is 1-year change in CVE annual gross margin?: CVE annual gross margin is up +0.87% year-over-year
What is 3-year change in CVE annual gross margin?: CVE annual gross margin is down -38.40% over the past 3 years
How far is CVE annual gross margin from its all-time high?: CVE annual gross margin is currently -58.64% below its historical high of 25.29% set on December 1, 2007
How does CVE annual gross margin rank versus sector peers?: CVE annual gross margin is higher than 23.46% of companies in Energy sector
When is CVE next annual earnings release?: As of today, the next annual earnings release for CVE has not been scheduled

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

25.45%3.55%+16.21%

June 30, 2026

Summary

Current Value: As of today, CVE quarterly gross margin is 25.45%, up +16.21% on June 30, 2026
Historical Performance: CVE quarterly gross margin is up +299.53% year-over-year, up +157.59% over the past 3 years
All-Time High Comparison: CVE quarterly gross margin is currently -41.22% below its historical high of 43.30% set on March 31, 2009
3-Year Low Comparison: CVE quarterly gross margin is +299.53% above its 3-year low of 6.37% reached on June 30, 2025
Sector Comparison: CVE quarterly gross margin is higher than 44.44% of companies in Energy sector

Performance

CVE Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Jun 30, 26	25.45%	+16.2%	+299.5%	+157.6%	+108.6%
Annual Gross Margin	Dec 31, 25	10.46%	–	+0.9%	-38.4%	+199.4%
Price	Aug 27, 26	$31.71	+12.5%	+87.3%	+68.4%	+278.9%
PE Ratio	Aug 27, 26	12.23	-20.9%	-26.5%	-4.5%	–
Quarterly Revenue	Jun 30, 26	$12.59B	+39.8%	+41.5%	+38.2%	+45.4%
Quarterly Gross Profit	Jun 30, 26	$3.20B	+62.4%	+465.1%	+255.9%	+203.3%
Quarterly Operating Margin	Jun 30, 26	24.20%	+30.3%	+371.7%	+184.0%	+128.3%
Quarterly Net Margin	Jun 30, 26	16.47%	+29.6%	+138.3%	+132.6%	+680.6%

Quarterly Gross Margin Highs

CVE Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	25.45%	Jun 30, 26	at high
3Y	25.45%	Jun 30, 26	at high
5Y	25.45%	Jun 30, 26	at high
All	43.30%	Mar 31, 09	-41.2%

Quarterly Gross Margin Lows

CVE Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	6.37%	N/A	+299.5%
3Y	6.37%	Jun 30, 25	+299.5%
5Y	6.37%	Jun 30, 25	+299.5%
All	-53.73%	Dec 31, 18	+147.4%

Quarterly Gross Margin History

Month	Value	Change
Jun 2026	25.45%	+16.2%
Mar 2026	21.90%	+80.8%
Dec 2025	12.11%	-4.3%
Sep 2025	12.66%	+98.7%
Jun 2025	6.37%	-40.5%
Mar 2025	10.70%	+27.5%
Dec 2024	8.39%	+0.8%
Sep 2024	8.32%	-25.0%
Jun 2024	11.10%	-22.6%
Mar 2024	14.35%	+77.2%
Dec 2023	8.10%	-60.4%
Sep 2023	20.48%	+107.3%
Jun 2023	9.88%	+34.4%
Mar 2023	7.35%	-41.5%
Dec 2022	12.57%	+1.0%
Sep 2022	12.44%	-41.2%
Jun 2022	21.15%	+1.8%
Mar 2022	20.77%	+68.7%
Dec 2021	12.31%	-7.3%
Sep 2021	13.28%	+8.9%
Jun 2021	12.20%	+9.2%
Mar 2021	11.17%	+255.6%
Dec 2020	-7.18%	-357.3%
Sep 2020	2.79%	+124.6%
Jun 2020	-11.32%	+70.6%
Mar 2020	-38.48%	-1,107.3%
Dec 2019	3.82%	-63.8%
Sep 2019	10.54%	-24.4%
Jun 2019	13.94%	+5.7%
Mar 2019	13.19%	+124.5%
Dec 2018	-53.73%	-426.0%
Sep 2018	16.48%	-6.6%
Jun 2018	17.64%	+931.6%
Mar 2018	1.71%	+132.6%
Dec 2017	-5.24%	-143.8%

Month	Value	Change
Sep 2017	11.95%	+239.5%
Jun 2017	3.52%	-9.7%
Mar 2017	3.90%	-30.4%
Dec 2016	5.60%	+266.0%
Sep 2016	1.53%	-80.3%
Jun 2016	7.76%	+141.5%
Mar 2016	-18.71%	+17.6%
Dec 2015	-22.71%	-518.8%
Sep 2015	-3.67%	-138.5%
Jun 2015	9.53%	+339.4%
Mar 2015	-3.98%	+13.1%
Dec 2014	-4.58%	-134.4%
Sep 2014	13.32%	-16.5%
Jun 2014	15.95%	+6.1%
Mar 2014	15.04%	+58.0%
Dec 2013	9.52%	-36.7%
Sep 2013	15.05%	+8.7%
Jun 2013	13.84%	-15.7%
Mar 2013	16.42%	+29.8%
Dec 2012	12.65%	-33.4%
Sep 2012	18.99%	+52.8%
Jun 2012	12.43%	-14.9%
Mar 2012	14.61%	+3.0%
Dec 2011	14.18%	+1.5%
Sep 2011	13.97%	-30.3%
Jun 2011	20.03%	+38.8%
Mar 2011	14.43%	+20.8%
Dec 2010	11.95%	+42.1%
Sep 2010	8.41%	+12.1%
Jun 2010	7.50%	-49.2%
Mar 2010	14.77%	>+9,900.0%
Dec 2009	0.00%	0.0%
Sep 2009	0.00%	0.0%
Jun 2009	0.00%	-100.0%
Mar 2009	43.30%	-

FAQ

What is the current quarterly gross margin of CVE?: As of today, CVE quarterly gross margin is 25.45%
What is CVE quarterly gross margin most recent change?: CVE quarterly gross margin was up +16.21% on June 30, 2026
What is 1-year change in CVE quarterly gross margin?: CVE quarterly gross margin is up +299.53% year-over-year
How far is CVE quarterly gross margin from its all-time high?: CVE quarterly gross margin is currently -41.22% below its historical high of 43.30% set on March 31, 2009
How does CVE quarterly gross margin rank versus sector peers?: CVE quarterly gross margin is higher than 44.44% of companies in Energy sector
When is CVE next earnings release?: The next earnings release for CVE is on October 29, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

CVE Official Website www.cenovus.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1475260/000147526026000008/0001475260-26-000008-index.htm
CVE Profile on Yahoo Finance finance.yahoo.com/quote/CVE
CVE Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/cve