CVE financial statements
The full income statement, balance sheet, and cash-flow statement for Cenovus Energy Inc (CVE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 35.6B-10.2% | 39.6B+2.4% | 38.7B-24.7% | 51.4B+38.9% | 37.0B+266.2% | |
| Interest expense | 407M+8.6% | 375M-5.9% | 399M-36.7% | 630M-27.0% | 863M+116.0% | |
| Pre-tax income | 3.20B+7.9% | 2.97B-20.5% | 3.73B-44.3% | 6.71B+539.3% | 1.05B+143.6% | |
| Income tax | 391M-42.2% | 678M-1.8% | 690M-60.6% | 1.75B+201.7% | 581M+191.5% | |
| Net income | 2.81B+22.7% | 2.29B-24.7% | 3.04B-38.6% | 4.96B+957.9% | 468M+126.4% | |
| $1.54+26.3% | $1.22-21.3% | $1.55-37.0% | $2.46+1041.1% | $0.22+114.9% | ||
| EPS (basic) | $1.55+26.1% | $1.23-23.1% | $1.59-37.0% | $2.53+1073.2% | $0.22+114.9% | |
| Weighted-avg shares (basic) | 1.81B-2.2% | 1.85B-2.4% | 1.90B-2.9% | 1.95B-3.2% | 2.02B+64.1% | |
| Weighted-avg shares (diluted) | 1.82B-2.3% | 1.86B-4.0% | 1.94B-3.3% | 2.01B-1.9% | 2.05B+66.4% | |
| Dividends per share | $0.56+12.5% | $0.50+27.5% | $0.39 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 7.22B-0.6% | 7.27B-0.9% | 7.33B-20.1% | 9.18B-2.4% | 9.41B+303.4% | ||
| Cash & equivalents | 2.00B-7.1% | 2.15B+28.0% | 1.68B-49.7% | 3.34B+48.2% | 2.26B+661.1% | |
| Accounts receivable | 2.51B+37.8% | 1.82B-20.6% | 2.29B-10.6% | 2.57B-15.5% | 3.04B+160.4% | |
| Inventory | 2.45B-21.9% | 3.13B+2.9% | 3.04B-4.4% | 3.19B+3.6% | 3.08B+260.4% | |
| 46.3B+17.6% | 39.4B-3.3% | 40.7B-1.3% | 41.3B-2.8% | 42.5B+65.3% | ||
| Property, plant & equipment | 33.0B+23.0% | 26.9B-4.5% | 28.1B+4.4% | 27.0B+0.4% | 26.9B+34.9% | |
| Goodwill | 2.13B+4.4% | 2.04B-7.8% | 2.21B+2.2% | 2.16B-20.8% | 2.73B+53.1% | |
| 4.61B-10.1% | 5.13B+9.3% | 4.69B-20.8% | 5.93B+3.3% | 5.73B+210.1% | ||
| Short-term & current debt | 0.00-100.0% | 134M | 0.00 | 0.00 | 0.00 | |
| 23.2B+24.5% | 18.6B-2.1% | 19.0B-8.9% | 20.9B-12.7% | 23.9B+90.1% | ||
| Long-term debt | 8.05B+57.5% | 5.11B-4.8% | 5.37B-16.4% | 6.42B-34.0% | 9.72B+66.7% | |
| 23.1B+11.4% | 20.7B-4.4% | 21.7B+6.4% | 20.4B+10.0% | 18.5B+41.4% | ||
| Total equity incl. non-controlling | 23.1B+11.4% | 20.7B-4.4% | 21.7B+6.4% | 20.4B+10.0% | 18.5B+41.4% | |
| Shares outstanding (cover) | 1.88B+3.2% | 1.82B-2.5% | 1.87B-2.0% | 1.91B-4.6% | 2.00B+62.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash from operations | 5.89B-12.6% | 6.74B+23.1% | 5.47B-37.5% | 8.76B+85.5% | 4.72B+2219.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 3.77B | 0.00 | 0.00 | 0.00-100.0% | 1.24B+25.6% | |
| Long-term debt repaid | 1.66B | 0.00-100.0% | 997M-68.7% | 3.19B+39.2% | 2.29B+2641.4% | |
| Common stock issued | 11.5M-69.8% | 37.9M+11.3% | 34.1M-67.8% | 106M+2114.4% | 4.79M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 1.02B+11.2% | 916M+24.8% | 734M | 0.00 | 0.00-100.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 31.9B+15.3% | 27.6B-13.0% | 31.8B-18.2% | 38.8B+58.1% | 24.6B+231.1% | |
| P/E | 11.3×-6.1% | 12.1×+88.0% | 6.4×-92.3% | 82.9×+58.1% | 52.5× | |
| P/S | 0.9×+28.3% | 0.7×+12.9% | 0.6×-41.1% | 1.1×+58.1% | 0.7×-9.6% | |
| P/B | 1.4×+3.4% | 1.3×-14.5% | 1.6×-25.6% | 2.1×+58.1% | 1.3×+134.1% | |
| Earnings yield | 8.8%+6.5% | 8.3%-46.8% | 15.6%+1192.7% | 1.2%-36.7% | 1.9% | |
| Dividend yield | 3.3%+0.8% | 3.3%+40.1% | 2.3% | — | — | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: CVE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CVE filings on SEC EDGAR → Not investment advice.