Canadian Natural Resources (CNQ) EV to FCF (2010 - 2026)
Canadian Natural Resources' (CNQ) EV to FCF came in at 7.73 for Q3 2026, up 75.1% from 4.41 a year earlier but down 1.1% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) EV to FCF (2010 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to FCF at Canadian Natural Resources was 7.49, up 70.3% year-over-year; for FY2025, it was 4.49, down 5.6% from FY2024.
- In prior years, Canadian Natural Resources' EV to FCF was 4.75 in FY2024 (-12.9%), 5.45 in FY2023 (+1.7%), 5.36 in FY2022 (+69.9%) and 3.16 in FY2021 (-38.3%).
- Quarterly EV to FCF has run from a low of 2.76 in Q3 2022 to a high of 9.44 in Q1 2026 over five years.
- On a year-over-year basis, EV to FCF has increased in each of the last four quarters, with growth averaging 25.9% over the last eight quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was Q1 2026, with growth of 113.3%; the weakest was Q4 2021, with a decline of 37.7%.
- According to Business Quant data, EV to FCF for the three prior quarters was 7.82 (Q2 2026), 9.44 (Q1 2026) and 5.12 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.73 |
| Jun 30, 2026 | 7.82 |
| Mar 31, 2026 | 9.44 |
| Dec 31, 2025 | 5.12 |
| Sep 30, 2025 | 4.41 |
| Jun 30, 2025 | 4.70 |
| Mar 31, 2025 | 4.43 |
| Dec 31, 2024 | 4.75 |
| Sep 30, 2024 | 4.87 |
| Jun 30, 2024 | 5.13 |
| Mar 31, 2024 | 5.89 |
| Dec 31, 2023 | 5.46 |
| Sep 30, 2023 | 5.58 |
| Jun 30, 2023 | 4.17 |
| Mar 31, 2023 | 3.51 |
| Dec 31, 2022 | 3.21 |
| Sep 30, 2022 | 2.76 |
| Jun 30, 2022 | 3.37 |
| Mar 31, 2022 | 4.46 |
| Dec 31, 2021 | 3.16 |
API Access
Canadian Natural Resources EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();