CVE vs. DTM: Cenovus Energy vs. DT Midstream Stock Comparison
How do Cenovus Energy (CVE) and DT Midstream (DTM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Cenovus Energy (CVE) and DT Midstream (DTM) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while DTM falls under Oil & Gas Storage & Transportation.
| Profile Item | CVE | DTM |
|---|---|---|
| Name | Cenovus Energy Inc. | DT Midstream, Inc. |
| Country/Region | Canada | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Integrated Oil & Gas | Oil & Gas Storage & Transportation |
| Market Capitalization | 49.61 billion USD | 11.60 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 17, 2009 | July 1, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CVE | DTM |
|---|---|---|
| Total Return (1Y) | 60.99% | 4.08% |
| Total Return (3Y, Annualized) | 19.41% | 32.58% |
| Total Return (5Y, Annualized) | 18.63% | 23.68% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CVE | DTM |
|---|---|---|
| Volatility (1Y, Annualized) | 37.47% | 23.13% |
| Beta (5Y) | 0.43 | 0.75 |
| Max Drawdown (5Y) | -53.51% | -24.59% |
| Avg. Volume (3M) | 6.90M | 983.33K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CVE | DTM |
|---|---|---|
| Sharpe Ratio (1Y) | 1.51 | -0.01 |
| Sortino Ratio (1Y) | 2.20 | -0.01 |
Profitability
ROE (TTM)
Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while DT Midstream (DTM) at 9.92% is closer to the peer norm — stronger capital efficiency for CVE.
CVE
Energy industry group
27.44%
- Max
- 53.85%
- CVE
- 27.44%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
DTM
Energy industry group
9.92%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- DTM
- 9.92%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
DT Midstream (DTM) at 35.36% retains a top-quartile share of revenue as profit, ahead of Cenovus Energy (CVE) at 15.42%, which keeps about the industry-typical share.
CVE
Energy industry group
15.42%
- Max
- 56.92%
- Q3
- 22.92%
- CVE
- 15.42%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
DTM
Energy industry group
35.36%
- Max
- 56.92%
- DTM
- 35.36%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
DT Midstream (DTM) at 49.11% operates in the top operating margin quartile, ahead of Cenovus Energy (CVE) at 26.58%, which runs around its industry’s norm.
CVE
Energy industry group
26.58%
- Max
- 71.31%
- Q3
- 33.75%
- CVE
- 26.58%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
DTM
Energy industry group
49.11%
- Max
- 71.31%
- DTM
- 49.11%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CVE | DTM |
|---|---|---|
| ROE (TTM) | 27.44% | 9.92% |
| ROA (TTM) | 12.05% | 4.05% |
| Net Margin (TTM) | 15.42% | 35.36% |
| Operating Margin (TTM) | 26.58% | 49.11% |
| Gross Margin (TTM) | 33.92% | 75.38% |
Growth
Revenue Growth
DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Cenovus Energy (CVE) at -8.62% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while DT Midstream (DTM) at 19.44% is closer to the peer norm — faster per-share earnings growth for CVE.
Growth Metrics
| Metric | CVE | DTM |
|---|---|---|
| Revenue Growth (YoY) | -8.62% | 26.71% |
| Revenue Growth (3Y CAGR) | -9.75% | 10.55% |
| EPS Growth (YoY) | 28.74% | 19.44% |
| EPS Growth (3Y CAGR) | -12.42% | 4.12% |
Financial Strength
Current Ratio (MRQ)
Both Cenovus Energy (CVE) at 1.64 and DT Midstream (DTM) at 1.16 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
CVE
Energy industry group
1.64
- Max
- 3.64
- Q3
- 2.21
- CVE
- 1.64
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
DTM
Energy industry group
1.16
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- DTM
- 1.16
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Both Cenovus Energy (CVE) at 0.33 and DT Midstream (DTM) at 0.67 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
CVE
Energy industry group
0.33
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- CVE
- 0.33
- Q1
- 0.30
- Min
- 0.00
DTM
Energy industry group
0.67
- Max
- 1.75
- Q3
- 0.93
- DTM
- 0.67
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | CVE | DTM |
|---|---|---|
| Current Ratio (MRQ) | 1.64 | 1.16 |
| Debt / Equity (MRQ) | 0.33 | 0.67 |
| Net Debt / EBITDA | 0.35 | 3.30 |
Dividends
Dividend Yield (TTM)
Both Cenovus Energy (CVE) at 3.04% and DT Midstream (DTM) at 3.07% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
CVE
Energy industry group
3.04%
- Max
- 8.57%
- Q3
- 3.58%
- CVE
- 3.04%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
DTM
Energy industry group
3.07%
- Max
- 8.57%
- Q3
- 3.58%
- DTM
- 3.07%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Cenovus Energy (CVE) at 22.84% pays out a band-typical share of earnings, while DT Midstream (DTM) at 75.38% distributes more than its industry norm — less retained, thinner cover.
CVE
Energy industry group
22.84%
- Max
- 133.24%
- Q3
- 53.31%
- Median
- 25.24%
- CVE
- 22.84%
- Q1
- 0.00%
- Min
- 0.00%
DTM
Energy industry group
75.38%
- Max
- 133.24%
- DTM
- 75.38%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CVE | DTM |
|---|---|---|
| Dividend Yield (TTM) | 3.04% | 3.07% |
| Dividend Payout Ratio (TTM) | 22.84% | 75.38% |
Valuation
P/E Ratio (TTM)
Cenovus Energy (CVE) at 10.56 is near its industry’s usual P/E ratio, while DT Midstream (DTM) at 24.76 sits in the richer quartile — DTM needs stronger growth or earnings quality to justify the premium.
CVE
Energy industry group
10.56
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- CVE
- 10.56
- Q1
- 7.71
- Min
- 2.99
DTM
Energy industry group
24.76
- Max
- 39.54
- DTM
- 24.76
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Cenovus Energy (CVE) at 0.88 sits in the cheaper P/S ratio quartile while DT Midstream (DTM) at 8.70 prices above its industry range — a wide gap in sales valuation between them.
CVE
Energy industry group
0.88
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- CVE
- 0.88
- Min
- 0.00
DTM
Energy industry group
8.70
- DTM
- 8.70
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Cenovus Energy (CVE) at 1.98 is valued about in line with its industry on P/B ratio, while DT Midstream (DTM) at 2.41 carries an above-peer premium to book — DTM is pricier on assets.
CVE
Energy industry group
1.98
- Max
- 4.21
- Q3
- 2.38
- CVE
- 1.98
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
DTM
Energy industry group
2.41
- Max
- 4.21
- DTM
- 2.41
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CVE | DTM |
|---|---|---|
| P/E Ratio (TTM) | 10.56 | 24.76 |
| P/S Ratio (TTM) | 0.88 | 8.70 |
| P/B Ratio (MRQ) | 1.98 | 2.41 |
| Free Cash Flow Yield (TTM) | 20.71% | 2.27% |