Canadian Natural Resources CNQ
NYSE CNQ
$51.07 -0.28 (-0.55%)
As of: Sep 10, 2026 · 11:08 AM EDT

Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly FCF Margin came in at 62.43% in Q2 2026, up 520.0% year-over-year from 10.07% in Q2 2025, and up 25.58% quarter-over-quarter from 49.71% in Q1 2026.

Analysis

Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026) Analysis & Trends

Canadian Natural Resources has disclosed FCF Margin across 18 years of filings, most recently posting 62.43% for Q2 2026.

  • In Q2 2026, FCF Margin rose 520.0% year-over-year to 62.43%; the TTM figure through Jun 2026 stood at 57.74% (up 1545.0% YoY), while the FY2025 annual figure was 56.19%, up 381.0% from the prior year.
  • FCF Margin came in at 62.43% for Q2 2026 at Canadian Natural Resources, up from 49.71% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 69.14% in Q3 2022 to a low of 3.13% in Q1 2023.
  • Average FCF Margin over 5 years is 34.19%, with a median of 36.15% recorded in 2023.
  • Year-over-year, FCF Margin plunged 5742 bps in 2023 and jumped 5313 bps in 2025.
  • Over 5 years, FCF Margin stood at 19.2% in 2022, then climbed by 18 bps to 22.59% in 2023, then jumped by 120 bps to 49.78% in 2024, then gained by 9 bps to 54.34% in 2025, then climbed by 15 bps to 62.43% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 62.43% in Q2 2026, 49.71% in Q1 2026, and 54.34% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Conocophillips 164.40 Bn 156.71 Bn 12.81 Bn 22.59%
2 Canadian Natural Resources 106.66 Bn 104.77 Bn 8.84 Bn 62.43%
3 Eog Resources 76.54 Bn 71.63 Bn - 35.16%
4 Diamondback Energy 56.91 Bn 56.44 Bn 5.55 Bn 46.62%
5 Devon Energy 45.83 Bn 44.82 Bn 6.02 Bn 31.76%
6 Expand Energy 22.80 Bn 21.53 Bn 2.33 Bn 11.59%
7 Permian Resources 19.78 Bn 19.52 Bn - 52.97%
8 Ovintiv 17.87 Bn 16.98 Bn 2.83 Bn 35.11%
9 Apa 15.68 Bn 15.23 Bn 2.28 Bn 47.39%
10 Antero Resources 12.00 Bn 11.42 Bn 1.56 Bn 8.40%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 62.43%
Mar 31, 2026 49.71%
Dec 31, 2025 54.34%
Sep 30, 2025 63.06%
Jun 30, 2025 57.23%
Mar 31, 2025 51.02%
Dec 31, 2024 49.78%
Sep 30, 2024 9.93%
Jun 30, 2024 18.68%
Mar 31, 2024 9.06%
Dec 31, 2023 22.59%
Sep 30, 2023 11.72%
Jun 30, 2023 6.38%
Mar 31, 2023 -3.13%
Dec 31, 2022 19.20%
Sep 30, 2022 69.14%
Jun 30, 2022 52.66%
Mar 31, 2022 11.52%
Dec 31, 2021 68.06%
Sep 30, 2021 67.99%