CNQ FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
CNQ's fcf yield is lower than 65% of the last 10 years.
FCF Yield History
CNQ FCF Yield by year
Yearly range of CNQ’s fcf yield from 2016 to 2026. Over the full period it ranged from -1.4% to 39.3%, averaging 9.0%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 4.3% | 6.2% | 9.4% | 6.5% |
| 2025 | 8.1% | 9.2% | 12.2% | 8.6% |
| 2024 | 6.4% | 8.9% | 11.3% | 8.6% |
| 2023 | 6.5% | 11.5% | 16.9% | 7.0% |
| 2022 | 7.9% | 11.4% | 16.7% | 14.3% |
| 2021 | 4.5% | 8.3% | 13.6% | 13.6% |
| 2020 | 5.9% | 15.2% | 39.3% | 5.9% |
| 2019 | 8.1% | 10.9% | 14.0% | 10.5% |
| 2018 | 4.3% | 7.7% | 15.5% | 14.3% |
| 2017 | -0.9% | 2.7% | 5.4% | 4.9% |
| 2016 | -1.4% | -1.1% | 0.0% | -1.3% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is CNQ FCF Yield High or Low Right Now?
Canadian Natural Resources Limited's FCF Yield is currently 6.5%, which is below average relative to its 10-year historical range. The 10-year median FCF Yield for CNQ is approximately 9.1%. See all CNQ valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.