Cenovus Energy (TSX:CVE.PR.B.PFD) OCF Margin %: 16.35% (As of Mar. 2026) — 15% Above Median


TSX:CVE.PR.B.PFD Cenovus Energy Inc TSX:CVE.PR.B.PFD
66 GF Score
Price C$25.00
! 3 Warning Signs
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What is Cenovus Energy OCF Margin %?

Cenovus Energy TSX:CVE.PR.B.PFD 66 OCF Margin % is 16.35% as of Mar. 2026, which is 15% above its 10-year median of 14.23. GuruFocus rates TSX:CVE.PR.B.PFD with a GF Score™ of 66/100. The stock has 3 warning signs investors should review. Among 906 Oil & Gas companies, Cenovus Energy ranks better than 55.74% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Cenovus Energy's Cash Flow from Operations for the three months ended in Mar. 2026 was C$2,181.00 Mil. Cenovus Energy's Revenue for the three months ended in Mar. 2026 was C$13,339.00 Mil. Therefore, Cenovus Energy's OCF Margin % for the quarter that ended in Mar. 2026 was 16.35%.

As of today, Cenovus Energy's current OCF Yield % is 13.90%.

The historical rank and industry rank for Cenovus Energy's OCF Margin % or its related term are showing as below:


During the past 13 years, the highest OCF Margin % of Cenovus Energy was 17.67%. The lowest was 1.96%. And the median was 14.23%.

TSX:CVE.PR.B.PFD's OCF Margin % is not ranked *
in the Oil & Gas industry.
Industry Median: 13.93
* Ranked among companies with meaningful OCF Margin % only.

Cenovus Energy OCF Margin % Related Terms

Cenovus Energy OCF Margin % Historical Data

* Premium members only.

The historical data trend for Cenovus Energy's OCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cenovus Energy OCF Margin % Chart

Cenovus Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.13 15.89 13.32 16.00 15.60

Cenovus Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.26 18.35 16.15 17.28 16.35
TSX:CVE.PR.B.PFD
66GF Score
Cenovus Energy Inc TSX:CVE.PR.B.PFD
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cenovus Energy OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Cenovus Energy's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=8228/52751
=15.60 %

Cenovus Energy's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=2181/13339
=16.35 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 16.35% mean?
Cenovus Energy (TSX:CVE.PR.B.PFD) has a OCF Margin % of 16.35% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Cenovus Energy and its competitors. This is 15% above median its historical median of 14.23. Over the past decade, Cenovus Energy's OCF Margin % has ranged from 1.96 to 17.67. According to the industry distribution chart, Cenovus Energy ranks #401 out of 906 companies in the Oil & Gas industry, placing it in the top 44.3%.
Is Cenovus Energy's OCF Margin % too high?
Cenovus Energy's current OCF Margin % of 16.35% is 15% above median its 10-year median of 14.23. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 17.67. The Oil & Gas industry median OCF Margin % is 13.93. Cenovus Energy's value of 16.35% is 17.4% above this industry median. Based on the distribution chart, Cenovus Energy ranks #401 out of 906 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Cenovus Energy has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's OCF Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #401 out of 906 companies for OCF Margin %. This puts Cenovus Energy in the upper half of its industry. The industry median OCF Margin % is 13.93. Cenovus Energy's value of 16.35% is 17.4% above this benchmark. Historically, Cenovus Energy's own OCF Margin % has ranged from 1.96 to 17.67 over the past decade. While the company's 10-year median is 14.23 vs. the industry median of 13.93, Cenovus Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Oil & Gas company?
The median OCF Margin % among Oil & Gas companies is 13.93, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current OCF Margin % of 16.35% is 17.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median OCF Margin % is 13.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current OCF Margin % is 16.35%, which is 15% above median its own 10-year median of 14.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cenovus Energy stock overvalued right now?
Cenovus Energy (TSX:CVE.PR.B.PFD) has a current OCF Margin % of 16.35%. The current OCF Margin % is 16.35%, which is 15% above median its 10-year median of 14.23 and 17.4% above the Oil & Gas industry median of 13.93. Cenovus Energy's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE.PR.B.PFD), the current OCF Margin % is 16.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cenovus Energy Business Description

Industry EnergyOil & Gas
Address 225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2
Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.
66GF Score

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C$25.00
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