Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026)
Canadian Natural Resources (CNQ) posted FCF Margin of 16.87% for Q1 2026, up 246.02% sequentially from 11.55% in Q4 2025, and up 666.0% YoY from 2.2% in Q1 2025.
Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026) Analysis & Trends
Canadian Natural Resources has reported FCF Margin for 18 years, with the latest figure at 16.87% in Q1 2026.
- Quarterly FCF Margin rose 666.0% year-over-year to 16.87% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.57% (down 2244.0% YoY) and the FY2025 annual result came in at 49.32%, up 432.0% from the prior year.
- FCF Margin grew to 16.87% in Q1 2026 per CNQ's latest filing, from 11.55% in the prior quarter.
- Over five years, FCF Margin peaked at 17.95% in Q2 2024 and troughed at 24.31% in Q3 2025.
- A 5-year average of 6.76% and a median of 11.08% in 2024 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2023 and 2025: FCF Margin soared 768 bps in 2023, then plunged 4219 bps in 2025.
- Over 5 years, FCF Margin stood at 11.12% in 2022, then retreated by 19 bps to 9.02% in 2023, then surged by 50 bps to 13.53% in 2024, then plunged by 185 bps to 11.55% in 2025, then jumped by 246 bps to 16.87% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 16.87%, 11.55%, and 24.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 22.59% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 13.83% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 35.16% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 46.62% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 31.76% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 43.36% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 21.98% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 28.47% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 11.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.87% |
| Dec 31, 2025 | -11.55% |
| Sep 30, 2025 | -24.31% |
| Jun 30, 2025 | -24.24% |
| Mar 31, 2025 | 10.20% |
| Dec 31, 2024 | 13.53% |
| Sep 30, 2024 | 15.08% |
| Jun 30, 2024 | 17.95% |
| Mar 31, 2024 | 11.08% |
| Dec 31, 2023 | 9.02% |
| Sep 30, 2023 | 9.45% |
| Jun 30, 2023 | 17.66% |
| Mar 31, 2023 | 12.87% |
| Dec 31, 2022 | 11.12% |
| Sep 30, 2022 | 9.00% |
| Jun 30, 2022 | 9.98% |
| Mar 31, 2022 | 11.28% |
| Dec 31, 2021 | 15.29% |
| Sep 30, 2021 | 12.36% |
| Jun 30, 2021 | 17.46% |