CVENEUTRAL

Gross Margin

31.8%

Higher than 48% of Energy sector peers

Updated 166h ago

Sector Performance

48th percentile

CVE

31.8%

Sector Median

32.4%

Sector Avg

39.3%

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Deep Analysis

Cenovus Energy’s gross margin of 31.8% means that for every dollar of revenue, about 32 cents remain after subtracting the direct costs of producing and selling its oil and gas products.

That figure sits just below the energy-sector median of 32.9%, placing the company in the 44th percentile among its peers — slightly weaker than half the sector. There is no year-over-year or quarter-over-quarter change available for this metric, and the trend direction over the last eight quarters is not provided, so no momentum can be assessed. The combination of a gross margin marginally below the sector median with no trend data implies a neutral risk profile: the company is not underperforming peers in a clear way, but also shows no recent improvement to suggest an opportunity. This metric supports the overall NEUTRAL verdict, as the value is close to the sector norm with no directional change to push the stock toward a bullish or bearish stance.

Frequently Asked Questions

What does the Gross Margin tell investors about CVE?

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.

How is the Gross Margin calculated?

Gross Margin is calculated as: Gross Profit / Revenue.

How does CVE's Gross Margin compare to its sector?

CVE's Gross Margin of 31.8% compares to a Energy sector median of 32.4%, placing it in the 48th percentile.

Who are CVE's closest peers by Gross Margin?

The closest Energy peers by Gross Margin include: NOG (32.9%), LNG (31.7%), PXD (34.2%), RUN (30.4%), ARRY (28.2%).

The Formula

Gross Profit / Revenue

Why It Matters

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.