Canadian Natural Resources Limited (CNQ)

Canadian Natural Resources Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 6, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	81,529	65,094	71,217	61,502	49,717	28,354
Market Cap Growth	21.98%	-8.60%	15.80%	23.70%	75.35%	-26.07%
Enterprise Value	95,165	72,597	80,636	71,485	63,293	46,454
Last Close Price	39.10	29.29	29.67	23.98	17.15	9.34
PE Ratio	17.06	15.34	11.42	7.61	8.21	-
PS Ratio	2.94	2.63	2.62	1.97	2.09	2.14
PB Ratio	2.81	2.37	2.36	2.18	1.70	1.12
P/TBV Ratio	2.81	2.37	2.36	2.18	1.70	1.12
P/FCF Ratio	13.73	11.70	12.64	5.84	6.30	16.77
P/OCF Ratio	7.69	7.00	7.61	4.29	4.35	7.66
EV/Sales Ratio	3.43	2.93	2.96	2.29	2.67	3.50
EV/EBITDA Ratio	8.27	6.40	6.45	4.65	5.20	10.18
EV/EBIT Ratio	14.94	10.75	10.20	6.54	8.45	-
EV/FCF Ratio	16.02	13.05	14.31	6.79	8.02	27.48
Debt / Equity Ratio	0.46	0.51	0.31	0.34	0.44	0.72
Debt / EBITDA Ratio	1.15	1.22	0.74	0.62	1.06	3.98
Debt / FCF Ratio	2.30	2.53	1.66	0.91	1.63	10.74
Asset Turnover	0.48	0.44	0.47	0.55	0.40	0.22
Inventory Turnover	7.46	7.49	9.24	11.11	10.55	9.74
Quick Ratio	0.46	0.44	0.62	0.57	0.56	0.59
Current Ratio	0.86	0.77	0.96	0.82	0.80	0.86
Return on Equity (ROE)	16.56%	15.40%	21.11%	29.12%	22.11%	-1.29%
Return on Assets (ROA)	6.90%	7.53%	8.58%	12.10%	7.80%	-0.36%
Return on Invested Capital (ROIC)	12.46%	13.34%	16.82%	23.17%	13.68%	-0.78%
Return on Capital Employed (ROCE)	11.50%	12.80%	15.20%	21.90%	13.70%	-0.60%
Earnings Yield	5.86%	6.52%	8.75%	13.14%	12.18%	-1.20%
FCF Yield	7.28%	8.54%	7.92%	17.13%	15.87%	5.96%
Dividend Yield	4.33%	5.07%	4.72%	4.78%	4.60%	7.14%
Payout Ratio	74.51%	72.54%	47.26%	29.46%	28.31%	-
Buyback Yield / Dilution	2.31%	2.90%	4.09%	3.15%	-0.40%	0.95%
Total Shareholder Return	6.64%	7.97%	8.82%	7.93%	4.20%	8.09%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q