Cenovus Energy
CVE
#521
Rank
$38.29 B
Marketcap
$20.51
Share price
0.39%
Change (1 day)
21.36%
Change (1 year)
Cenovus Energy Inc. is a Canadian oil company headquartered in Calgary, Alberta. The company is involved on the production, refining, and transportation of oil and gases.

Operating Margin for Cenovus Energy (CVE)

Operating Margin as of July 2024 (TTM): 8.29%

According to Cenovus Energy 's latest financial reports and stock price the company's current Operating Margin is 8.29%. At the end of 2022 the company had an Operating Margin of 12.17%.

Operating Margin history for Cenovus Energy from 2009 to 2023

Operating Margin at the end of each year

Year Operating Margin Change
202212.17%351.59%
20212.69%-111.34%
2020-23.77%-463.26%
20196.54%-135.64%
2018-18.36%-243.41%
201712.80%-269.57%
2016-7.55%-285.63%
20154.07%-31.59%
20145.94%3.18%
20135.76%-44.12%
201210.31%-26.69%
201114.06%56.85%
20108.96%-4.31%
20099.37%-49.84%
200818.68%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
21.77% 162.61%๐Ÿ‡จ๐Ÿ‡ฆ Canada
21.11% 154.64%๐Ÿ‡จ๐Ÿ‡ฆ Canada
16.57% 99.88%๐Ÿ‡จ๐Ÿ‡ฆ Canada
39.59% 377.56%๐Ÿ‡บ๐Ÿ‡ธ USA
33.57% 304.95%๐Ÿ‡บ๐Ÿ‡ธ USA
51.77% 524.49%๐Ÿ‡บ๐Ÿ‡ธ USA
9.97% 20.27%๐Ÿ‡บ๐Ÿ‡ธ USA

What is a company's Operating Margin

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.