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CVE vs. DVN: Cenovus Energy vs. Devon Energy Stock Comparison

How do Cenovus Energy (CVE) and Devon Energy (DVN) 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 Devon Energy (DVN) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while DVN falls under Oil & Gas Exploration & Production.

Company profile comparison for Cenovus Energy (CVE) and Devon Energy (DVN)
Profile ItemCVEDVN
NameCenovus Energy Inc.Devon Energy Corporation
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Exploration & Production
Market Capitalization49.61 billion USD48.11 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 17, 2009July 22, 1985
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVE
DVN
GSPC
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Cenovus Energy (CVE) vs. Devon Energy (DVN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cenovus Energy (CVE) and Devon Energy (DVN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cenovus Energy (CVE) and Devon Energy (DVN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
Total Return (1Y)60.99%28.98%
Total Return (3Y, Annualized)19.41%1.94%
Total Return (5Y, Annualized)18.63%4.07%

Risk Profile

Drawdown History

CVE
DVN
GSPC
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Cenovus Energy (CVE) vs. Devon Energy (DVN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cenovus Energy (CVE) and Devon Energy (DVN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
Volatility (1Y, Annualized)37.47%35.86%
Beta (5Y)0.430.51
Max Drawdown (5Y)-53.51%-60.83%
Avg. Volume (3M)6.90M10.82M

Risk-Adjusted Performance

Risk-Return Positioning

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CVE and DVN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
Sharpe Ratio (1Y)1.510.69
Sortino Ratio (1Y)2.200.99

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while Devon Energy (DVN) at 12.56% 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%

DVN

Energy industry group

12.56%

Max
53.85%
Q3
24.79%
Median
12.85%
DVN
12.56%
Q1
2.03%
Min
-29.09%
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Cenovus Energy (CVE) at 15.42% and Devon Energy (DVN) at 16.29% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CVE

Energy industry group

15.42%

Max
56.92%
Q3
22.92%
CVE
15.42%
Median
10.10%
Q1
0.07%
Min
-27.38%

DVN

Energy industry group

16.29%

Max
56.92%
Q3
22.92%
DVN
16.29%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Cenovus Energy (CVE) at 26.58% and Devon Energy (DVN) at 19.84% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVE

Energy industry group

26.58%

Max
71.31%
Q3
33.75%
CVE
26.58%
Median
18.73%
Q1
6.94%
Min
-24.52%

DVN

Energy industry group

19.84%

Max
71.31%
Q3
33.75%
DVN
19.84%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
ROE (TTM)27.44%12.56%
ROA (TTM)12.05%6.52%
Net Margin (TTM)15.42%16.29%
Operating Margin (TTM)26.58%19.84%
Gross Margin (TTM)33.92%53.48%

Growth

Revenue Growth

Devon Energy (DVN) at 7.83% is around its peer norm for revenue growth, while Cenovus Energy (CVE) at -8.62% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while Devon Energy (DVN) at -8.55% is closer to the peer norm — faster per-share earnings growth for CVE.

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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
Revenue Growth (YoY)-8.62%7.83%
Revenue Growth (3Y CAGR)-9.75%-3.57%
EPS Growth (YoY)28.74%-8.55%
EPS Growth (3Y CAGR)-12.42%-22.96%

Financial Strength

Current Ratio (MRQ)

Cenovus Energy (CVE) at 1.64 keeps current ratio within its industry’s typical mid-range, while Devon Energy (DVN) at 0.70 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DVN.

CVE

Energy industry group

1.64

Max
3.64
Q3
2.21
CVE
1.64
Median
1.41
Q1
0.88
Min
0.24

DVN

Energy industry group

0.70

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
DVN
0.70
Min
0.24
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Devon Energy (DVN) at 0.26 keeps leverage in the lower industry quartile, while Cenovus Energy (CVE) at 0.33 runs a more typical debt-to-equity mix.

CVE

Energy industry group

0.33

Max
1.75
Q3
0.93
Median
0.54
CVE
0.33
Q1
0.30
Min
0.00

DVN

Energy industry group

0.26

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
DVN
0.26
Min
0.00
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
Current Ratio (MRQ)1.640.70
Debt / Equity (MRQ)0.330.26
Net Debt / EBITDA0.351.05

Dividends

Dividend Yield (TTM)

Both Cenovus Energy (CVE) at 3.04% and Devon Energy (DVN) at 2.61% 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%

DVN

Energy industry group

2.61%

Max
8.57%
Q3
3.58%
DVN
2.61%
Median
1.71%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cenovus Energy (CVE) at 22.84% and Devon Energy (DVN) at 26.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CVE

Energy industry group

22.84%

Max
133.24%
Q3
53.31%
Median
25.24%
CVE
22.84%
Q1
0.00%
Min
0.00%

DVN

Energy industry group

26.29%

Max
133.24%
Q3
53.31%
DVN
26.29%
Median
25.24%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
Dividend Yield (TTM)3.04%2.61%
Dividend Payout Ratio (TTM)22.84%26.29%

Valuation

P/E Ratio (TTM)

Both Cenovus Energy (CVE) at 10.56 and Devon Energy (DVN) at 9.91 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CVE

Energy industry group

10.56

Max
39.54
Q3
21.72
Median
12.19
CVE
10.56
Q1
7.71
Min
2.99

DVN

Energy industry group

9.91

Max
39.54
Q3
21.72
Median
12.19
DVN
9.91
Q1
7.71
Min
2.99
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 sits in the cheaper P/S ratio quartile while Devon Energy (DVN) at 2.18 prices around its industry’s middle — CVE costs less per dollar of sales, though read it alongside growth and margins.

CVE

Energy industry group

0.88

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
CVE
0.88
Min
0.00

DVN

Energy industry group

2.18

Max
5.40
Q3
2.85
DVN
2.18
Median
1.69
Q1
0.88
Min
0.00
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Cenovus Energy (CVE) at 1.98 and Devon Energy (DVN) at 1.15 are valued close to their industries’ norm against book — neither stands out from peers.

CVE

Energy industry group

1.98

Max
4.21
Q3
2.38
CVE
1.98
Median
1.51
Q1
1.08
Min
0.01

DVN

Energy industry group

1.15

Max
4.21
Q3
2.38
Median
1.51
DVN
1.15
Q1
1.08
Min
0.01
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Cenovus Energy (CVE) vs. Devon Energy (DVN): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Devon Energy (DVN)
MetricCVEDVN
P/E Ratio (TTM)10.569.91
P/S Ratio (TTM)0.882.18
P/B Ratio (MRQ)1.981.15
Free Cash Flow Yield (TTM)20.71%3.11%