Cenovus Energy Inc. (CVE)

NYSE: CVE · Crude Petroleum & Natural Gas · Calgary, AB · filing with the SEC since 2009

Full chart Alerts Compare

Grade6.0

◀ Past 7.2● Present 5.5▶ Future 4.5

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Cenovus Energy Inc.

Nine metrics read from its own filings, by tense

Headline grade

6.0/10

◀ Past7.240% of the headline

● Present5.535% of the headline

▶ Future4.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.2/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.7/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 77th percentile among 83 sector filers · read for itself

From the record

Cenovus Energy Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.9/10

What has it actually done, year after year?

+18.2% a year over 10 filed years; profitable in 7 of 10.

weight 33% of this tense · 59th percentile among 74 sector filers · read for its customers

From the record

Cenovus Energy Inc.'s 10 filed years say what it did: revenue went from CAD 11 billion in fiscal 2016 to CAD 50 billion in fiscal 2025, up 18.2% a year; it rose in 5 of 9 years; the deepest fall was 35% from fiscal 2018 to fiscal 2020; net income was positive in 7 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span18.2%top 31% of its family
the share of years revenue rosebottom 44% of its family
the share of filed years with a profittop 41% of its family
the deepest fall from a revenue peak35.0%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

8.3/10

How has it treated the people who own it?

Share count shrank 2.5% a year. 34% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 83rd percentile among 61 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Cenovus Energy Inc.'s diluted share count shrank about 2.5% a year, and dividends and buybacks returned about 34% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 18% of its family
cash returned against operating cash flowtop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.5/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.8/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 50%: owes 50¢ per asset dollar.

weight 45% of this tense · 68th percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Cenovus Energy Inc. earned about 12 cents of profit for every dollar of shareholders' money. Leverage: it owed about 50 cents per dollar of assets, and net share issuance: its share count shrank 2.2% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 48% of its family
return on equitytop 31% of its family
the share count against the year beforetop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.4/10

How strong is its position in its industry?

bottom 44% of 76 in its family; net margin 7.9%.

weight 33% of this tense · 44th percentile among 76 sector filers · read for its customers

From the record

Cenovus Energy Inc.'s standing among 76 graded names in its industry family: revenue of CAD 50 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 7.9% ranks in the bottom 48%; revenue growth of -9.4% a year over the last 3 filed years ranks in the bottom 40% (its annual reports).

What it rests on

net margin7.9%bottom 48% of its family
three-year revenue growth-9.4%bottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.7/10

What are the people in charge doing?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 58 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 58 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 58 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Cenovus Energy Inc.'s leadership is put at 4.7 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 58 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.5/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.6/10

How much room does it have to grow?

bottom 46% of 74 in its family for room to expand.

weight 22% of this tense · 46th percentile among 74 sector filers · read for itself

From the record

Cenovus Energy Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of CAD 2.7 billion against debt of CAD 11 billion leaves -13% of its assets as net cash, top 49% of its family; cash from operations less capital spending is 16.6% of revenue (bottom 42%) (its annual report).

What it rests on

cash less debt against assets-13.0%top 49% of its family
cash from operations less capital spending against revenue16.6%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

2.0/10

What could actually drive growth from here?

bottom 20% of 72 in its family for growth drivers.

weight 33% of this tense · 20th percentile among 72 sector filers · read for its customers

From the record

Cenovus Energy Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -9.4% a year over the last three filed years against 18.2% over all 10, slowing (bottom 15% of its family); the newest year grew -8.4% (bottom 28%); research spending grew -17.8% a year (bottom 25%); capital spending grew -18.9% a year (bottom 11%) (its annual reports). Cenovus Energy Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-27.7 points a yearbottom 15% of its family
the newest year's revenue growth-8.4%bottom 28% of its family
three-year growth of research spending-17.8%bottom 25% of its family
three-year growth of capital spending-18.9%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.3/10

Did its newest year beat what its own record pointed to?

top 37% of 69 in its family for expectations against reality.

weight 45% of this tense · 63rd percentile among 69 sector filers · read for its shareholders

From the record

Cenovus Energy Inc.'s newest year against its own record: revenue of CAD 50 billion in fiscal 2025 came in 1.6% above the CAD 49 billion its prior three years' pace pointed to (bottom 41% of its family); net income of CAD 3.9 billion against a prior three-year average of CAD 4.6 billion (top 27%); a net margin of 7.9% against 7.8% before (top 25%) (its annual reports).

What it rests on

revenue against the prior three years' pace1.6%bottom 41% of its family
net income against the prior three years' average-14%top 27% of its family
net margin against its prior average+0.1 pointstop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CVE · research, not advice