Canadian Natural Resources annual return on equity
2016
2017
2018
2018
2019
2020
2021
2022
2023
2024
Canadian Natural Resources Return on Equity (ROE) Growth & History (CNQ)
Canadian Natural Resources's return on equity was 25.81% for fiscal 2024.
View full Canadian Natural Resources company overviewCanadian Natural Resources annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2024 | 2025-12-31 | 25.81% | +10.41 pp |
| 2023 | 2024-12-31 | 15.40% | −5.71 pp |
| 2022 | 2023-12-31 | 21.11% | −8.01 pp |
| 2021 | 2022-12-31 | 29.12% | +7.01 pp |
| 2020 | 2021-12-31 | 22.11% | +23.40 pp |
| 2019 | 2020-12-31 | −1.29% | −17.47 pp |
| 2018 · Dec 31 | 2019-12-31 | 16.18% | +8.03 pp |
| 2018 · Dec 31 | 2018-12-31 | 8.14% | −0.13 pp |
| 2017 | 2017-12-31 | 8.28% | +9.04 pp |
| 2016 | 2016-12-31 | −0.76% | — |
Canadian Natural Resources quarterly return on equity
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 9.85% | +3.76 pp |
| Q1 2026 | 2026-03-31 | 3.03% | — |
| Q4 2025 | 2025-12-31 | 12.50% | — |
| Q3 2025 | 2025-09-30 | 1.47% | — |
| Q2 2025 | 2025-06-30 | 6.09% | — |
Canadian Natural Resources return on equity trends
Over the last five fiscal years, Canadian Natural Resources's return on equity increased from −1.29% to 25.81%, a change of +27.10 percentage points. The latest reported quarter, Q2 2026, shows 9.85%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Canadian Natural Resources source filings ↗