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Financial statements

CENOVUS ENERGY INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CENOVUS ENERGY INC. files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue11,00617,04320,84320,54213,54346,35766,89752,20454,27749,696
Research and development36362520
Interest expense3906456275115361,082820538514569
Interest income5262191292381133
Pre-tax income-8022,216-3,9261,397-3,2301,3158,7315,0404,0714,477
Income tax-343-52-1,010-797-8517282,281931929547
Income from continuing operations-4592,268-2,9162,194-2,379
Net income-5453,366-2,6692,194-2,3795876,4504,1093,1423,930
EPS, basic-0.653.05-2.171.78-1.940.273.292.151.682.16
EPS, diluted-0.653.05-2.171.78-1.940.273.202.091.672.15

Balance sheet

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents3,7206107811863782,8734,5242,2273,0932,740
Receivables1,8381,8301,2381,5561,4883,8703,4733,0352,6143,435
Inventory1,2371,3891,0131,5321,0893,9194,3124,0304,4963,349
Total current assets6,8225,0083,1953,2842,97611,98812,4309,70810,4349,890
Property, plant and equipment16,42629,59628,69827,83425,41134,22536,49937,25038,56845,260
Lease right-of-use assets8931,3251,1392,0101,8451,6801,9502,153
Goodwill2422,2722,2722,2722,2723,4732,9232,9232,9232,912
Intangible assets10189781901123
Total assets25,25840,93335,17435,71332,77054,10455,86953,91556,53963,424
Accounts payable2,2662,6271,8332,2292,0186,3536,1245,4806,2425,847
Short-term debt121791151791730
Total current liabilities2,6714,4362,6002,5212,3597,3058,0216,2107,3626,314
Lease liabilities1,7201,5732,6852,5282,3592,5682,806
Total liabilities13,66820,95217,70616,51216,06330,49628,28025,20326,77031,786
Total debt9,5139,1646,6997,44112,3858,6917,1007,50011,000
Minority interests01213141516
Total equity11,59019,98117,46819,20116,70723,59627,57628,69829,75431,622
Total liabilities and equity25,25840,93335,17435,71332,77054,10455,86953,91556,53963,424

Cash flow statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-5453,366-2,6692,194-2,3795876,4504,1093,1423,930
Cash from operations8613,0592,1543,2852735,91911,4037,3889,2358,228
Capital expenditures-967-1,523-1,322-1,110-811
Cash from investing-1,079-12,866-613-1,432-863-942-2,314-5,295-5,126-7,677
Stock issued2,89906138465216
Share buybacks00-265-2,530-1,061-1,445-1,995
Dividends paid-166-225-245-260-77-1,026-1,551-1,437
Cash from financing-1686,515-1,410-2,413837-2,507-7,676-4,313-3,505-749
Exchange rate effect118240-35-5525238-77262-155
Net change in cash-385-3,110171-5951922,4951,651-2,297866-353
Free cash flow-1061,5368322,175-538
Interest paid350538564457381811647402356381

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Pre-tax margin9.0%Pre-tax income / revenue.
Net margin7.9%Net income / revenue.
Operating cash flow margin16.6%Cash from operations / revenue.
Effective tax rate12.2%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)6.6%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-8.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-9.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y29.7%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y25.1%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y-15.2%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y28.7%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y-12.4%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y-10.9%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y-10.3%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y97.6%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y12.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y4.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y14.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.57xCurrent assets / current liabilities.
Quick ratio0.98x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.43x(Cash + short-term investments) / current liabilities.
Debt / assets17.3%Total debt / total assets.
Liabilities / assets50.1%Total liabilities / total assets.
Net debtCA$8.26BTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capitalCA$3.58BCurrent assets - current liabilities.
Goodwill and intangibles / assets4.6%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.83xRevenue / average total assets.
Fixed asset turnover1.19xRevenue / average property, plant and equipment.
Receivables turnover16.4xRevenue / average receivables.
Days sales outstanding22 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, dilutedCA$2.15Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basicCA$2.16Net income per basic share, as reported (split-adjusted).
Payout ratio36.6%Dividends paid / net income, when net income is positive.
What was CENOVUS ENERGY INC.'s revenue in fiscal 2025?

CENOVUS ENERGY INC. reported revenue of CA$49.70B for fiscal 2025, 8.4% lower than the year before.

Was CENOVUS ENERGY INC. profitable in fiscal 2025?

Yes. Net income was CA$3.93B, a net margin of 7.9%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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