CVE vs. DVN: A Head-to-Head Stock Comparison

Updated on October 11, 2025

Here’s a clear look at CVE and DVN, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	CVE	DVN
Company Name	Cenovus Energy Inc.	Devon Energy Corporation
Country	Canada	United States
GICS Sector	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
Market Capitalization	31.49 billion USD	22.20 billion USD
Exchange	NYSE	NYSE
Listing Date	November 17, 2009	July 22, 1985
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of CVE and DVN by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

CVE vs. DVN: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	CVE	DVN
5-Day Price Return	4.07%	1.89%
13-Week Price Return	26.34%	1.10%
26-Week Price Return	20.69%	5.46%
52-Week Price Return	-2.92%	-17.93%
Month-to-Date Return	2.71%	-0.26%
Year-to-Date Return	11.38%	6.84%
10-Day Avg. Volume	11.66M	7.69M
3-Month Avg. Volume	10.17M	7.67M
3-Month Volatility	31.49%	29.73%
Beta	0.37	0.72

Profitability

Return on Equity (TTM)

CVE

9.01%

Oil, Gas & Consumable Fuels Industry

Max: 27.06%
Q3: 16.37%
Median: 10.02%
Q1: 5.32%
Min: -8.98%

CVE’s Return on Equity of 9.01% is on par with the norm for the Oil, Gas & Consumable Fuels industry, indicating its profitability relative to shareholder equity is typical for the sector.

DVN

19.49%

Oil, Gas & Consumable Fuels Industry

Max: 27.06%
Q3: 16.37%
Median: 10.02%
Q1: 5.32%
Min: -8.98%

In the upper quartile for the Oil, Gas & Consumable Fuels industry, DVN’s Return on Equity of 19.49% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

CVE vs. DVN: A comparison of their Return on Equity (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Net Profit Margin (TTM)

CVE

5.18%

Oil, Gas & Consumable Fuels Industry

Max: 48.48%
Q3: 21.05%
Median: 9.42%
Q1: 1.67%
Min: -26.95%

CVE’s Net Profit Margin of 5.18% is aligned with the median group of its peers in the Oil, Gas & Consumable Fuels industry. This indicates its ability to convert revenue into profit is typical for the sector.

DVN

16.57%

Oil, Gas & Consumable Fuels Industry

Max: 48.48%
Q3: 21.05%
Median: 9.42%
Q1: 1.67%
Min: -26.95%

DVN’s Net Profit Margin of 16.57% is aligned with the median group of its peers in the Oil, Gas & Consumable Fuels industry. This indicates its ability to convert revenue into profit is typical for the sector.

CVE vs. DVN: A comparison of their Net Profit Margin (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Operating Profit Margin (TTM)

CVE

7.07%

Oil, Gas & Consumable Fuels Industry

Max: 62.28%
Q3: 31.04%
Median: 18.00%
Q1: 5.41%
Min: -32.54%

CVE’s Operating Profit Margin of 7.07% is around the midpoint for the Oil, Gas & Consumable Fuels industry, indicating that its efficiency in managing core business operations is typical for the sector.

DVN

24.82%

Oil, Gas & Consumable Fuels Industry

Max: 62.28%
Q3: 31.04%
Median: 18.00%
Q1: 5.41%
Min: -32.54%

DVN’s Operating Profit Margin of 24.82% is around the midpoint for the Oil, Gas & Consumable Fuels industry, indicating that its efficiency in managing core business operations is typical for the sector.

CVE vs. DVN: A comparison of their Operating Profit Margin (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Profitability at a Glance

Symbol	CVE	DVN
Return on Equity (TTM)	9.01%	19.49%
Return on Assets (TTM)	4.79%	9.24%
Net Profit Margin (TTM)	5.18%	16.57%
Operating Profit Margin (TTM)	7.07%	24.82%
Gross Profit Margin (TTM)	31.62%	48.73%

Financial Strength

Current Ratio (MRQ)

CVE

1.32

Oil, Gas & Consumable Fuels Industry

Max: 2.60
Q3: 1.63
Median: 1.22
Q1: 0.86
Min: 0.30

CVE’s Current Ratio of 1.32 aligns with the median group of the Oil, Gas & Consumable Fuels industry, indicating that its short-term liquidity is in line with its sector peers.

DVN

1.22

Oil, Gas & Consumable Fuels Industry

Max: 2.60
Q3: 1.63
Median: 1.22
Q1: 0.86
Min: 0.30

DVN’s Current Ratio of 1.22 aligns with the median group of the Oil, Gas & Consumable Fuels industry, indicating that its short-term liquidity is in line with its sector peers.

CVE vs. DVN: A comparison of their Current Ratio (MRQ) against the Oil, Gas & Consumable Fuels industry benchmark.

Debt-to-Equity Ratio (MRQ)

CVE

0.36

Oil, Gas & Consumable Fuels Industry

Max: 2.16
Q3: 1.06
Median: 0.53
Q1: 0.25
Min: 0.00

CVE’s Debt-to-Equity Ratio of 0.36 is typical for the Oil, Gas & Consumable Fuels industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

DVN

0.59

Oil, Gas & Consumable Fuels Industry

Max: 2.16
Q3: 1.06
Median: 0.53
Q1: 0.25
Min: 0.00

DVN’s Debt-to-Equity Ratio of 0.59 is typical for the Oil, Gas & Consumable Fuels industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

CVE vs. DVN: A comparison of their Debt-to-Equity Ratio (MRQ) against the Oil, Gas & Consumable Fuels industry benchmark.

Interest Coverage Ratio (TTM)

CVE

6.75

Oil, Gas & Consumable Fuels Industry

Max: 51.08
Q3: 22.26
Median: 7.32
Q1: 2.72
Min: -19.25

CVE’s Interest Coverage Ratio of 6.75 is positioned comfortably within the norm for the Oil, Gas & Consumable Fuels industry, indicating a standard and healthy capacity to cover its interest payments.

DVN

11.95

Oil, Gas & Consumable Fuels Industry

Max: 51.08
Q3: 22.26
Median: 7.32
Q1: 2.72
Min: -19.25

DVN’s Interest Coverage Ratio of 11.95 is positioned comfortably within the norm for the Oil, Gas & Consumable Fuels industry, indicating a standard and healthy capacity to cover its interest payments.

CVE vs. DVN: A comparison of their Interest Coverage Ratio (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Financial Strength at a Glance

Symbol	CVE	DVN
Current Ratio (MRQ)	1.32	1.22
Quick Ratio (MRQ)	0.78	1.13
Debt-to-Equity Ratio (MRQ)	0.36	0.59
Interest Coverage Ratio (TTM)	6.75	11.95

Growth

Revenue Growth

CVE vs. DVN: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

CVE vs. DVN: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

CVE

3.18%

Oil, Gas & Consumable Fuels Industry

Max: 12.74%
Q3: 7.02%
Median: 4.37%
Q1: 2.64%
Min: 0.00%

CVE’s Dividend Yield of 3.18% is consistent with its peers in the Oil, Gas & Consumable Fuels industry, providing a dividend return that is standard for its sector.

DVN

3.34%

Oil, Gas & Consumable Fuels Industry

Max: 12.74%
Q3: 7.02%
Median: 4.37%
Q1: 2.64%
Min: 0.00%

DVN’s Dividend Yield of 3.34% is consistent with its peers in the Oil, Gas & Consumable Fuels industry, providing a dividend return that is standard for its sector.

CVE vs. DVN: A comparison of their Dividend Yield (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Dividend Payout Ratio (TTM)

CVE

51.83%

Oil, Gas & Consumable Fuels Industry

Max: 188.73%
Q3: 95.12%
Median: 63.48%
Q1: 28.55%
Min: 0.00%

CVE’s Dividend Payout Ratio of 51.83% is within the typical range for the Oil, Gas & Consumable Fuels industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

DVN

25.81%

Oil, Gas & Consumable Fuels Industry

Max: 188.73%
Q3: 95.12%
Median: 63.48%
Q1: 28.55%
Min: 0.00%

DVN’s Dividend Payout Ratio of 25.81% is in the lower quartile for the Oil, Gas & Consumable Fuels industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.

CVE vs. DVN: A comparison of their Dividend Payout Ratio (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Dividend at a Glance

Symbol	CVE	DVN
Dividend Yield (TTM)	3.18%	3.34%
Dividend Payout Ratio (TTM)	51.83%	25.81%

Valuation

Price-to-Earnings Ratio (TTM)

CVE

16.32

Oil, Gas & Consumable Fuels Industry

Max: 34.98
Q3: 21.60
Median: 13.15
Q1: 8.17
Min: 2.22

CVE’s P/E Ratio of 16.32 is within the middle range for the Oil, Gas & Consumable Fuels industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

DVN

7.73

Oil, Gas & Consumable Fuels Industry

Max: 34.98
Q3: 21.60
Median: 13.15
Q1: 8.17
Min: 2.22

In the lower quartile for the Oil, Gas & Consumable Fuels industry, DVN’s P/E Ratio of 7.73 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

CVE vs. DVN: A comparison of their Price-to-Earnings Ratio (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Price-to-Sales Ratio (TTM)

CVE

0.85

Oil, Gas & Consumable Fuels Industry

Max: 4.68
Q3: 2.73
Median: 1.36
Q1: 0.54
Min: 0.12

CVE’s P/S Ratio of 0.85 aligns with the market consensus for the Oil, Gas & Consumable Fuels industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

DVN

1.28

Oil, Gas & Consumable Fuels Industry

Max: 4.68
Q3: 2.73
Median: 1.36
Q1: 0.54
Min: 0.12

DVN’s P/S Ratio of 1.28 aligns with the market consensus for the Oil, Gas & Consumable Fuels industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

CVE vs. DVN: A comparison of their Price-to-Sales Ratio (TTM) against the Oil, Gas & Consumable Fuels industry benchmark.

Price-to-Book Ratio (MRQ)

CVE

1.14

Oil, Gas & Consumable Fuels Industry

Max: 3.63
Q3: 2.11
Median: 1.23
Q1: 0.91
Min: 0.34

CVE’s P/B Ratio of 1.14 is within the conventional range for the Oil, Gas & Consumable Fuels industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

DVN

1.36

Oil, Gas & Consumable Fuels Industry

Max: 3.63
Q3: 2.11
Median: 1.23
Q1: 0.91
Min: 0.34

DVN’s P/B Ratio of 1.36 is within the conventional range for the Oil, Gas & Consumable Fuels industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

CVE vs. DVN: A comparison of their Price-to-Book Ratio (MRQ) against the Oil, Gas & Consumable Fuels industry benchmark.

Valuation at a Glance

Symbol	CVE	DVN
Price-to-Earnings Ratio (TTM)	16.32	7.73
Price-to-Sales Ratio (TTM)	0.85	1.28
Price-to-Book Ratio (MRQ)	1.14	1.36
Price-to-Free Cash Flow Ratio (TTM)	14.68	10.02