Canadian Natural Resources (CNQ) EV to CFO (2010 - 2026)
Canadian Natural Resources' (CNQ) quarterly EV to CFO came in at 16.29 in Q2 2026, down 44.51% year-over-year from 29.35 in Q2 2025, and down 61.35% quarter-over-quarter from 42.14 in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) EV to CFO (2010 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed EV to CFO across 16 years of filings, most recently posting 16.29 for Q2 2026.
- In Q2 2026, EV to CFO fell 44.51% year-over-year to 16.29; the TTM figure through Jun 2026 stood at 6.23 (down 6.56% YoY), while the FY2025 annual figure was 6.47, down 4.32% from the prior year.
- EV to CFO came in at 16.29 for Q2 2026 at Canadian Natural Resources, down from 42.14 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 63.62 in Q1 2023 to a low of 11.54 in Q3 2022.
- Average EV to CFO over 5 years is 27.19, with a median of 25.62 recorded in 2024.
- Year-over-year, EV to CFO surged 156.29% in 2023 and plunged 44.51% in 2026.
- Over 5 years, EV to CFO stood at 18.08 in 2022, then rose by 8.84% to 19.68 in 2023, then soared by 34.04% to 26.38 in 2024, then dropped by 1.83% to 25.9 in 2025, then sank by 37.12% to 16.29 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 16.29 in Q2 2026, 42.14 in Q1 2026, and 25.9 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.29 |
| Mar 31, 2026 | 42.14 |
| Dec 31, 2025 | 25.90 |
| Sep 30, 2025 | 23.45 |
| Jun 30, 2025 | 29.35 |
| Mar 31, 2025 | 21.67 |
| Dec 31, 2024 | 26.38 |
| Sep 30, 2024 | 32.12 |
| Jun 30, 2024 | 25.34 |
| Mar 31, 2024 | 38.18 |
| Dec 31, 2023 | 19.68 |
| Sep 30, 2023 | 27.29 |
| Jun 30, 2023 | 30.31 |
| Mar 31, 2023 | 63.62 |
| Dec 31, 2022 | 18.08 |
| Sep 30, 2022 | 11.54 |
| Jun 30, 2022 | 13.24 |
| Mar 31, 2022 | 24.82 |
| Dec 31, 2021 | 12.78 |
| Sep 30, 2021 | 12.22 |