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

Updated on October 4, 2025

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

Company Profile

Symbol	CVE	TPL
Company Name	Cenovus Energy Inc.	Texas Pacific Land Corporation
Country	Canada	United States
GICS Sector	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
Market Capitalization	31.50 billion USD	22.01 billion USD
Exchange	NYSE	NYSE
Listing Date	November 17, 2009	March 17, 1980
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of CVE and TPL 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. TPL: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	CVE	TPL
5-Day Price Return	-4.53%	-0.15%
13-Week Price Return	26.36%	-11.62%
26-Week Price Return	16.29%	-31.29%
52-Week Price Return	4.47%	5.25%
Month-to-Date Return	3.46%	0.02%
Year-to-Date Return	8.44%	-15.58%
10-Day Avg. Volume	14.88M	0.17M
3-Month Avg. Volume	10.00M	0.15M
3-Month Volatility	32.30%	39.41%
Beta	1.63	1.16

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.

TPL

39.47%

Oil, Gas & Consumable Fuels Industry

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

TPL’s Return on Equity of 39.47% is exceptionally high, placing it well beyond the typical range for the Oil, Gas & Consumable Fuels industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

CVE vs. TPL: 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.

TPL

62.16%

Oil, Gas & Consumable Fuels Industry

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

TPL’s Net Profit Margin of 62.16% is exceptionally high, placing it well beyond the typical range for the Oil, Gas & Consumable Fuels industry. This demonstrates outstanding operational efficiency and a strong competitive advantage in converting revenue into profit.

CVE vs. TPL: 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.

TPL

75.88%

Oil, Gas & Consumable Fuels Industry

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

TPL’s Operating Profit Margin of 75.88% is exceptionally high, placing it well above the typical range for the Oil, Gas & Consumable Fuels industry. This demonstrates outstanding efficiency in managing its core operations, which can be a result of strong pricing power or superior cost control.

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

Profitability at a Glance

Symbol	CVE	TPL
Return on Equity (TTM)	9.01%	39.47%
Return on Assets (TTM)	4.79%	35.65%
Net Profit Margin (TTM)	5.18%	62.16%
Operating Profit Margin (TTM)	7.07%	75.88%
Gross Profit Margin (TTM)	31.62%	94.53%

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.

TPL

14.58

Oil, Gas & Consumable Fuels Industry

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

TPL’s Current Ratio of 14.58 is exceptionally high, placing it well outside the typical range for the Oil, Gas & Consumable Fuels industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

CVE vs. TPL: 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.

TPL

0.00

Oil, Gas & Consumable Fuels Industry

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

Falling into the lower quartile for the Oil, Gas & Consumable Fuels industry, TPL’s Debt-to-Equity Ratio of 0.00 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

CVE vs. TPL: 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.

TPL

Oil, Gas & Consumable Fuels Industry

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

Interest Coverage Ratio data for TPL is currently unavailable.

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

Financial Strength at a Glance

Symbol	CVE	TPL
Current Ratio (MRQ)	1.32	14.58
Quick Ratio (MRQ)	0.78	14.38
Debt-to-Equity Ratio (MRQ)	0.36	0.00
Interest Coverage Ratio (TTM)	6.75	--

Growth

Revenue Growth

CVE vs. TPL: 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. TPL: 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

3.26%

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 3.26% is consistent with its peers in the Oil, Gas & Consumable Fuels industry, providing a dividend return that is standard for its sector.

TPL

1.68%

Oil, Gas & Consumable Fuels Industry

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

TPL’s Dividend Yield of 1.68% is in the lower quartile for the Oil, Gas & Consumable Fuels industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

CVE vs. TPL: 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.

TPL

79.64%

Oil, Gas & Consumable Fuels Industry

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

TPL’s Dividend Payout Ratio of 79.64% is within the typical range for the Oil, Gas & Consumable Fuels industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

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

Dividend at a Glance

Symbol	CVE	TPL
Dividend Yield (TTM)	3.26%	1.68%
Dividend Payout Ratio (TTM)	51.83%	79.64%

Valuation

Price-to-Earnings Ratio (TTM)

CVE

15.89

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 15.89 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.

TPL

47.53

Oil, Gas & Consumable Fuels Industry

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

At 47.53, TPL’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Oil, Gas & Consumable Fuels industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

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

Price-to-Sales Ratio (TTM)

CVE

0.82

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 0.82 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.

TPL

29.54

Oil, Gas & Consumable Fuels Industry

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

With a P/S Ratio of 29.54, TPL trades at a valuation that eclipses even the highest in the Oil, Gas & Consumable Fuels industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

CVE vs. TPL: 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.

TPL

18.84

Oil, Gas & Consumable Fuels Industry

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

At 18.84, TPL’s P/B Ratio is at an extreme premium to the Oil, Gas & Consumable Fuels industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

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

Valuation at a Glance

Symbol	CVE	TPL
Price-to-Earnings Ratio (TTM)	15.89	47.53
Price-to-Sales Ratio (TTM)	0.82	29.54
Price-to-Book Ratio (MRQ)	1.14	18.84
Price-to-Free Cash Flow Ratio (TTM)	14.30	85.30