Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026)
Canadian Natural Resources (CNQ) reported FCF Margin of 19.35% for Q1 2026, up 750.0% on a YoY basis from 2.28% in Q1 2025, and up 229.32% sequentially from 14.97% in Q4 2025.
Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026) Analysis & Trends
Canadian Natural Resources (CNQ) has 18 years of FCF Margin data on file, last reported at 19.35% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 750.0% year-over-year to 19.35%; the trailing twelve-month figure through Mar 2026 stood at 9.68% (down 2418.0% YoY), and the FY2025 full-year result was 49.32%, up 432.0% from the prior year.
- FCF Margin grew to 19.35% in Q1 2026, from 14.97% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 19.8% in Q2 2023 to a low of 24.31% in Q3 2025.
- A 5-year average of 7.68% and a median of 12.63% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin soared 779 bps in 2023 and slumped 4219 bps in 2025, its largest moves.
- Tracing CNQ's FCF Margin over 5 years: stood at 12.63% in 2022, then declined by 20 bps to 10.08% in 2023, then jumped by 34 bps to 13.53% in 2024, then plunged by 211 bps to 14.97% in 2025, then jumped by 229 bps to 19.35% in 2026.
- Business Quant data shows CNQ's FCF Margin at 19.35% in Q1 2026, 14.97% in Q4 2025, and 24.31% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 8.55% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 40.64% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 21.11% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | -5.22% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.98% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 68.41% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 18.10% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 38.55% |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | 19.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.35% |
| Dec 31, 2025 | -14.97% |
| Sep 30, 2025 | -24.31% |
| Jun 30, 2025 | -24.24% |
| Mar 31, 2025 | 11.86% |
| Dec 31, 2024 | 13.53% |
| Sep 30, 2024 | 15.08% |
| Jun 30, 2024 | 17.95% |
| Mar 31, 2024 | 12.66% |
| Dec 31, 2023 | 10.08% |
| Sep 30, 2023 | 11.23% |
| Jun 30, 2023 | 19.80% |
| Mar 31, 2023 | 14.24% |
| Dec 31, 2022 | 12.63% |
| Sep 30, 2022 | 10.83% |
| Jun 30, 2022 | 12.01% |
| Mar 31, 2022 | 12.82% |
| Dec 31, 2021 | 16.91% |
| Sep 30, 2021 | 12.36% |
| Jun 30, 2021 | 19.07% |