CVE

Cenovus Energy
D

CVE

Arincen66/100B

Cenovus Energy return on equity (ROE)

Cenovus Energy's return on equity is 24.45%: net income of 8.65B CAD over the last twelve months on shareholders' equity of 35.38B CAD.

Today
24.45%
Average, 5 years
14.35%
Low, 5 years
3.15%
High, 5 years
24.45%

ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 8.65B ÷ 35.38B = 24.45%

ROE (return on equity)
Net income
Shareholders' equity

Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.

Why is Cenovus Energy's return on equity so high?

Net margin
7.9%
profit on each dollar of sales
Asset turnover
0.78×
sales on each dollar of assets
Equity multiplier
2.01×
assets on each dollar of equity
Return on equity
12.4%
FY2025
  • FY20257.9% × 0.78 × 2.01 = 12.4%
  • FY20245.4% × 1.02 × 1.90 = 10.6%
  • FY20237.4% × 1.03 × 1.88 = 14.3%
  • FY20229.0% × 1.28 × 2.03 = 23.4%
  • FY20211.2% × 0.90 × 2.29 = 2.5%

The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.

ROE (return on equity) by year and by quarter

Fiscal yearPeriod endingROE (return on equity)Net incomeShareholders' equity
Today24.45%8.65B35.38B
FY202531 Dec 202512.43%3.93B31.60B
FY202431 Dec 202410.56%3.14B29.75B
FY202331 Dec 202314.32%4.11B28.70B
FY202231 Dec 202223.39%6.45B27.58B
FY202131 Dec 20212.49%587.00M23.60B
FY202031 Dec 2020-14.24%-2.38B16.71B
FY201931 Dec 201911.43%2.19B19.20B
FY201831 Dec 2018-15.28%-2.67B17.47B
FY201731 Dec 201716.85%3.37B19.98B
FY201631 Dec 2016-4.70%-545.00M11.59B
FY201531 Dec 20154.99%618.00M12.39B
FY201431 Dec 20147.30%744.00M10.19B
FY201331 Dec 20136.66%662.00M9.95B
FY201231 Dec 201210.15%993.00M9.78B
FY201131 Dec 201115.75%1.48B9.38B
FY201031 Dec 201010.79%1.08B10.02B
FY200931 Dec 20097.06%678.52M9.61B
FY200831 Dec 200830.56%2.88B9.43B

Figures in CAD. A quarter's revenue, net income and dividends are those of its last four quarters.

See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios

Common questions about Cenovus Energy's ROE

Source: Financial Modeling Prep

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