Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026)
Canadian Natural Resources' FCF Margin was 46.29% in the quarter ended Jun 30, 2026, up 34.72 percentage points from 11.57% a year earlier and up 15.93 percentage points from the prior quarter.
Canadian Natural Resources (CNQ) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Canadian Natural Resources' FCF Margin was 34.66% through Jun 30, 2026, up 39.53 percentage points year-over-year; for the year ended Dec 31, 2025, it was 38.97%, up 30.87 percentage points from the prior year.
- FCF Margin shows a five-year change of +30.04 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, FCF Margin was 8.10% in the year ended Dec 31, 2024 (-26.25 pp), 34.34% in the year ended Dec 31, 2023 (-11.50 pp), 45.84% in the year ended Dec 31, 2022 (-2.32 pp) and 48.17% in the year ended Dec 31, 2021 (+39.24 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly FCF Margin since the quarter ended Dec 31, 2023.
- Compared with a year earlier, FCF Margin has increased for four straight quarters, with an average year-over-year change of -2.16 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was the quarter ended Dec 31, 2025 (a gain of 113.85 percentage points); the worst was the quarter ended Dec 31, 2024 (a drop of 125.04 percentage points).
- Per Business Quant data, CNQ's FCF Margin in the three quarters before the quarter ended Jun 30, 2026 was 30.36% (quarter ended Mar 31, 2026), 39.21% (quarter ended Dec 31, 2025) and 17.10% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn | 27.12% |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn | 25.83% |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - | 26.08% |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - | 18.84% |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn | 22.59% |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - | 18.76% |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn | 12.55% |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - | 46.29% |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - | 24.61% |
| 10 | Eog Resources | 73.27 Bn | 57.59 Bn | - | 35.16% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.29% |
| Mar 31, 2026 | 30.36% |
| Dec 31, 2025 | 39.21% |
| Sep 30, 2025 | 17.10% |
| Jun 30, 2025 | 11.57% |
| Mar 31, 2025 | 25.53% |
| Dec 31, 2024 | -74.64% |
| Sep 30, 2024 | 16.29% |
| Jun 30, 2024 | 45.12% |
| Mar 31, 2024 | 19.32% |
| Dec 31, 2023 | 50.40% |
| Sep 30, 2023 | 35.35% |
| Jun 30, 2023 | 34.79% |
| Mar 31, 2023 | 15.01% |
| Dec 31, 2022 | 46.90% |
| Sep 30, 2022 | 58.32% |
| Jun 30, 2022 | 38.75% |
| Mar 31, 2022 | 13.09% |
| Dec 31, 2021 | 51.15% |
| Sep 30, 2021 | 55.63% |
Canadian Natural Resources FCF Margin 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=fcf-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();