Canadian Natural Resources Limited CNQ.TO TSX

Canadian Natural Resources Limited (CNQ.TO) generated $15.11B in operating cash flow for fiscal year 2025. After capital expenditures of $6.68B, free cash flow was $8.43B.

Free cash flow margin was 21.7% of revenue. Cash conversion ratio was 1.4x, indicating earnings are backed by cash.

The company returned $4.87B in dividends and $1.45B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (67/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (48/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (85/100) — Cash conversion ratio was 1.4x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 71/100 with 4/7 criteria passed.