What is the current annual operating margin of CVE?

As of today, CVE annual operating margin is 8.82%

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

CVE annual operating margin is down -1.01% year-over-year

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

CVE annual operating margin is down -43.79% over the past 3 years

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

CVE annual operating margin is currently -52.93% below its historical high of 18.74% set on December 31, 2008

How does CVE annual operating margin rank versus sector peers?

CVE annual operating margin is higher than 37.04% 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 operating margin of CVE?

As of today, CVE quarterly operating margin is 24.20%

What is CVE quarterly operating margin most recent change?

CVE quarterly operating margin was up +30.32% on June 30, 2026

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

CVE quarterly operating margin is up +371.73% year-over-year

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

CVE quarterly operating margin is currently at its all-time high

How does CVE quarterly operating margin rank versus sector peers?

CVE quarterly operating margin is higher than 52.99% of companies in Energy sector

When is CVE next earnings release?

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

CVE Operating Margin History & Chart Since 2007

Annual Operating Margin

8.82%0.09%-1.01%

December 31, 2025

Summary

Current Value: As of today, CVE annual operating margin is 8.82%, down -1.01% on December 31, 2025
Historical Performance: CVE annual operating margin is down -43.79% over the past 3 years, up +169.56% over the past 5 years
All-Time High Comparison: CVE annual operating margin is currently -52.93% below its historical high of 18.74% set on December 31, 2008
3-Year Low Comparison: CVE annual operating margin is at its 3-year low
Sector Comparison: CVE annual operating margin is higher than 37.04% of companies in Energy sector

Operating Margin Chart

beforeafter

Performance

CVE Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	8.82%	-1.0%	-43.8%	+169.6%	+3.3%
Quarterly Operating Margin	Jun 30, 26	24.20%	+371.7%	+184.0%	+128.3%	+31.7%
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 Operating Profit	Dec 31, 25	$3.14B	-11.1%	-61.1%	+345.1%	+199.5%
Annual Gross Margin	Dec 31, 25	10.46%	+0.9%	-38.4%	+199.4%	-2.7%
Annual Net Margin	Dec 31, 25	7.91%	+36.6%	-17.9%	+145.0%	-7.5%

Operating Margin Highs

CVE Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	15.69%	N/A	-43.8%
5Y	15.69%	Dec 31, 22	-43.8%
All	18.74%	Dec 31, 08	-52.9%

Operating Margin Lows

CVE Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	8.82%	Dec 31, 25	at low
5Y	-12.68%	N/A	+169.6%
All	-12.68%	Dec 31, 20	+169.6%

Operating Margin History

Year	Value	Change
2025	8.82%	-1.0%
2024	8.91%	-15.0%
2023	10.48%	-33.2%
2022	15.69%	+48.7%
2021	10.55%	+183.2%
2020	-12.68%	-244.3%
2019	8.79%	+235.2%
2018	-6.50%	-670.2%
2017	1.14%	+150.4%
2016	-2.26%	+68.4%

Year	Value	Change
2015	-7.15%	-185.7%
2014	8.34%	-27.4%
2013	11.48%	-10.8%
2012	12.87%	-4.9%
2011	13.54%	+58.5%
2010	8.54%	-42.9%
2009	14.95%	-20.2%
2008	18.74%	+3.5%
2007	18.10%	-

FAQ

What is the current annual operating margin of CVE?: As of today, CVE annual operating margin is 8.82%
What is 1-year change in CVE annual operating margin?: CVE annual operating margin is down -1.01% year-over-year
What is 3-year change in CVE annual operating margin?: CVE annual operating margin is down -43.79% over the past 3 years
How far is CVE annual operating margin from its all-time high?: CVE annual operating margin is currently -52.93% below its historical high of 18.74% set on December 31, 2008
How does CVE annual operating margin rank versus sector peers?: CVE annual operating margin is higher than 37.04% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

24.20%5.63%+30.32%

June 30, 2026

Summary

Current Value: As of today, CVE quarterly operating margin is 24.20%, up +30.32% on June 30, 2026
Historical Performance: CVE quarterly operating margin is up +371.73% year-over-year, up +184.04% over the past 3 years
All-Time High Comparison: CVE quarterly operating margin is currently at its all-time high
3-Year Low Comparison: CVE quarterly operating margin is +371.73% above its 3-year low of 5.13% reached on June 30, 2025
Sector Comparison: CVE quarterly operating margin is higher than 52.99% of companies in Energy sector

Performance

CVE Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jun 30, 26	24.20%	+30.3%	+371.7%	+184.0%	+128.3%
Annual Operating Margin	Dec 31, 25	8.82%	–	-1.0%	-43.8%	+169.6%
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 Operating Profit	Jun 30, 26	$3.05B	+82.1%	+567.4%	+292.6%	+231.8%
Quarterly Gross Margin	Jun 30, 26	25.45%	+16.2%	+299.5%	+157.6%	+108.6%
Quarterly Net Margin	Jun 30, 26	16.47%	+29.6%	+138.3%	+132.6%	+680.6%

Quarterly Operating Margin Highs

CVE Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	24.20%	Jun 30, 26	at high
3Y	24.20%	Jun 30, 26	at high
5Y	24.20%	Jun 30, 26	at high
All	24.20%	Jun 30, 26	at high

Quarterly Operating Margin Lows

CVE Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	5.13%	N/A	+371.7%
3Y	5.13%	Jun 30, 25	+371.7%
5Y	5.13%	Jun 30, 25	+371.7%
All	-54.04%	Dec 31, 18	+144.8%

Quarterly Operating Margin History

Month	Value	Change
Jun 2026	24.20%	+30.3%
Mar 2026	18.57%	+87.8%
Dec 2025	9.89%	-10.0%
Sep 2025	10.99%	+114.2%
Jun 2025	5.13%	-44.4%
Mar 2025	9.22%	+38.0%
Dec 2024	6.68%	-5.6%
Sep 2024	7.08%	-28.5%
Jun 2024	9.90%	-20.6%
Mar 2024	12.47%	+64.9%
Dec 2023	7.56%	-59.1%
Sep 2023	18.48%	+116.9%
Jun 2023	8.52%	+40.6%
Mar 2023	6.06%	-41.2%
Dec 2022	10.30%	-12.0%
Sep 2022	11.71%	-41.5%
Jun 2022	20.01%	+2.4%
Mar 2022	19.54%	+100.6%
Dec 2021	9.74%	-19.1%
Sep 2021	12.04%	+13.6%
Jun 2021	10.60%	+12.5%
Mar 2021	9.42%	+180.8%
Dec 2020	-11.66%	-990.1%
Sep 2020	1.31%	+108.3%
Jun 2020	-15.82%	+58.2%
Mar 2020	-37.89%	-3,708.6%
Dec 2019	1.05%	-88.2%
Sep 2019	8.91%	-30.3%
Jun 2019	12.78%	+9.3%
Mar 2019	11.69%	+121.6%
Dec 2018	-54.04%	-1,345.2%
Sep 2018	4.34%	-72.4%
Jun 2018	15.72%	+746.9%
Mar 2018	-2.43%	+67.3%

Month	Value	Change
Dec 2017	-7.44%	-181.1%
Sep 2017	9.17%	+367.9%
Jun 2017	1.96%	-23.7%
Mar 2017	2.57%	+8.0%
Dec 2016	2.38%	+326.7%
Sep 2016	-1.05%	-122.0%
Jun 2016	4.77%	+121.4%
Mar 2016	-22.27%	+17.4%
Dec 2015	-26.95%	-334.7%
Sep 2015	-6.20%	-185.9%
Jun 2015	7.22%	+208.6%
Mar 2015	-6.65%	-1.7%
Dec 2014	-6.54%	-157.3%
Sep 2014	11.41%	-16.7%
Jun 2014	13.69%	+7.9%
Mar 2014	12.69%	+64.6%
Dec 2013	7.71%	-39.8%
Sep 2013	12.81%	+8.4%
Jun 2013	11.82%	-17.1%
Mar 2013	14.26%	+46.0%
Dec 2012	9.77%	-40.4%
Sep 2012	16.38%	+50.4%
Jun 2012	10.89%	-11.9%
Mar 2012	12.36%	+4.3%
Dec 2011	11.85%	-6.9%
Sep 2011	12.73%	-30.7%
Jun 2011	18.38%	+67.1%
Mar 2011	11.00%	+21.3%
Dec 2010	9.07%	+38.5%
Sep 2010	6.55%	+22.9%
Jun 2010	5.33%	-58.6%
Mar 2010	12.88%	-45.1%
Mar 2009	23.47%	-

FAQ

What is the current quarterly operating margin of CVE?: As of today, CVE quarterly operating margin is 24.20%
What is CVE quarterly operating margin most recent change?: CVE quarterly operating margin was up +30.32% on June 30, 2026
What is 1-year change in CVE quarterly operating margin?: CVE quarterly operating margin is up +371.73% year-over-year
How far is CVE quarterly operating margin from its all-time high?: CVE quarterly operating margin is currently at its all-time high
How does CVE quarterly operating margin rank versus sector peers?: CVE quarterly operating margin is higher than 52.99% of companies in Energy sector
When is CVE next earnings release?: The next earnings release for CVE is on October 29, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

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