Canadian Natural Resources (CNQ) Return on Invested Capital (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly Return on Invested Capital came in at 0.0% in Q1 2026, down 1.0% year-on-year from 0.0% in Q1 2025, and down 1.96% quarter-over-quarter from 0.0% in Q4 2025.

Canadian Natural Resources (CNQ) Return on Invested Capital (2009 - 2026) Analysis & Trends

Canadian Natural Resources has disclosed Return on Invested Capital across 18 years of filings, most recently posting 0.0% for Q1 2026.

  • Return on Invested Capital for Q1 2026 came in at 0.0%, down 1.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.0% (down 1.0% YoY), and the FY2025 annual result was 0.0%, changed N/A from the prior year.
  • Return on Invested Capital came in at 0.0% for Q1 2026 at Canadian Natural Resources, down from 0.0% in the prior quarter.
  • In the past five years, Return on Invested Capital ranged from a high of 0.02% in Q1 2023 to a low of 0.0% in Q1 2026.
  • The 5-year median for Return on Invested Capital is 0.01% (2024), against an average of 0.01%.
  • Across the five-year window, Return on Invested Capital grew 1 bps in 2022 and fell 1 bps in 2025, its largest moves.
  • Canadian Natural Resources' Return on Invested Capital stood at 0.02% in 2022, then slipped by 1 bps to 0.02% in 2023, then fell by 26 bps to 0.01% in 2024, then slumped by 69 bps to 0.0% in 2025, then decreased by 2 bps to 0.0% in 2026.
  • The last three Return on Invested Capital figures came in at 0.0% (Q1 2026), 0.0% (Q4 2025), and 0.01% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROIC (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 0.00%
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 0.00%
4 Eog Resources 72.93 Bn 69.08 Bn - 0.00%
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 0.00%
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 0.00%
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 0.00%
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 0.00%
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -127.77%
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn 0.00%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.00%
Dec 31, 2025 0.00%
Sep 30, 2025 0.01%
Jun 30, 2025 0.01%
Mar 31, 2025 0.01%
Dec 31, 2024 0.01%
Sep 30, 2024 0.02%
Jun 30, 2024 0.01%
Mar 31, 2024 0.01%
Dec 31, 2023 0.02%
Sep 30, 2023 0.01%
Jun 30, 2023 0.02%
Mar 31, 2023 0.02%
Dec 31, 2022 0.02%
Sep 30, 2022 0.01%
Jun 30, 2022 0.01%
Mar 31, 2022 0.01%
Dec 31, 2021 0.01%
Sep 30, 2021 0.01%
Jun 30, 2021 0.01%