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 YoY-10.2% | 39.6B YoY+2.4% | 38.7B YoY-24.7% | 51.4B YoY+38.9% | 37.0B YoY+266.2% | |
| Interest expense | 407M YoY+8.6% | 375M YoY-5.9% | 399M YoY-36.7% | 630M YoY-27.0% | 863M YoY+116.0% | |
| Pre-tax income | 3.20B YoY+7.9% | 2.97B YoY-20.5% | 3.73B YoY-44.3% | 6.71B YoY+539.3% | 1.05B YoY+143.6% | |
| Income tax | 391M YoY-42.2% | 678M YoY-1.8% | 690M YoY-60.6% | 1.75B YoY+201.7% | 581M YoY+191.5% | |
| Net income | 2.81B YoY+22.7% | 2.29B YoY-24.7% | 3.04B YoY-38.6% | 4.96B YoY+957.9% | 468M YoY+126.4% | |
$1.54 YoY+26.3% | $1.22 YoY-21.3% | $1.55 YoY-37.0% | $2.46 YoY+1041.1% | $0.22 YoY+114.9% | ||
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
7.22B YoY-0.6% | 7.27B YoY-0.9% | 7.33B YoY-20.1% | 9.18B YoY-2.4% | 9.41B YoY+303.4% | ||
46.3B YoY+17.6% | 39.4B YoY-3.3% | 40.7B YoY-1.3% | 41.3B YoY-2.8% | 42.5B YoY+65.3% | ||
4.61B YoY-10.1% | 5.13B YoY+9.3% | 4.69B YoY-20.8% | 5.93B YoY+3.3% | 5.73B YoY+210.1% | ||
23.2B YoY+24.5% | 18.6B YoY-2.1% | 19.0B YoY-8.9% | 20.9B YoY-12.7% | 23.9B YoY+90.1% | ||
23.1B YoY+11.4% | 20.7B YoY-4.4% | 21.7B YoY+6.4% | 20.4B YoY+10.0% | 18.5B YoY+41.4% | ||
| 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 YoY-12.6% | 6.74B YoY+23.1% | 5.47B YoY-37.5% | 8.76B YoY+85.5% | 4.72B YoY+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 YoY-100.0% | 1.24B YoY+25.6% | |
| Long-term debt repaid | 1.66B | 0.00 YoY-100.0% | 997M YoY-68.7% | 3.19B YoY+39.2% | 2.29B YoY+2641.4% | |
| Common stock issued | 11.5M YoY-69.8% | 37.9M YoY+11.3% | 34.1M YoY-67.8% | 106M YoY+2114.4% | 4.79M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 1.02B YoY+11.2% | 916M YoY+24.8% | 734M | 0.00 | 0.00 YoY-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 YoY+15.3% | 27.6B YoY-13.0% | 31.8B YoY-18.2% | 38.8B YoY+58.1% | 24.6B YoY+231.1% | |
| P/E | 11.3× YoY-6.1% | 12.1× YoY+88.0% | 6.4× YoY-92.3% | 82.9× YoY+58.1% | 52.5× | |
| P/S | 0.9× YoY+28.3% | 0.7× YoY+12.9% | 0.6× YoY-41.1% | 1.1× YoY+58.1% | 0.7× YoY-9.6% | |
| P/B | 1.4× YoY+3.4% | 1.3× YoY-14.5% | 1.6× YoY-25.6% | 2.1× YoY+58.1% | 1.3× YoY+134.1% | |
8.8% YoY+6.5% | 8.3% YoY-46.8% | 15.6% YoY+1192.7% | 1.2% YoY-36.7% | 1.9% | ||
3.3% YoY+0.8% | 3.3% YoY+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.