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Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea; and Cote d’Ivoire in Offshore Africa. Its operating segments include North America, North Sea, Offshore Africa, Oil Sands Mining and Upgrading, and Midstream and Refining. Maximum revenue is generated from its Oil Sands Mining and Upgrading segment, which produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands (Horizon) and the company's direct and indirect interest in the Athabasca Oil Sands Project.
1973
10.6K+
LTM Revenue $26.0B
LTM EBITDA $12.0B
$68.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Canadian Natural Resources has a last 12-month revenue of $26.0B and a last 12-month EBITDA of $12.0B.
In the most recent fiscal year, Canadian Natural Resources achieved revenue of $29.0B and an EBITDA of $10.8B.
Canadian Natural Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Canadian Natural Resources valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $28.6B | $29.0B | XXX | XXX | XXX |
| Gross Profit | $11.4B | $8.2B | XXX | XXX | XXX |
| Gross Margin | 40% | 28% | XXX | XXX | XXX |
| EBITDA | $12.1B | $10.8B | XXX | XXX | XXX |
| EBITDA Margin | 42% | 37% | XXX | XXX | XXX |
| Net Profit | $7.7B | $5.8B | XXX | XXX | XXX |
| Net Margin | 27% | 20% | XXX | XXX | XXX |
| Net Debt | $7.4B | $6.9B | XXX | XXX | XXX |
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As of April 15, 2025, Canadian Natural Resources's stock price is CAD 38 (or $27).
Canadian Natural Resources has current market cap of CAD 79.8B (or $55.8B), and EV of CAD 98.4B (or $68.9B).
See Canadian Natural Resources trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $68.9B | $55.8B | XXX | XXX | XXX | XXX | $2.47 |
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Sign UpAs of April 15, 2025, Canadian Natural Resources has market cap of $55.8B and EV of $68.9B.
Canadian Natural Resources's trades at 2.7x LTM EV/Revenue multiple, and 5.7x LTM EBITDA.
Analysts estimate Canadian Natural Resources's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Canadian Natural Resources and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $68.9B | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | XXX | XXX |
| P/E | 13.1x | XXX | XXX | XXX |
| P/E/Growth | 0.8x | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | XXX | XXX |
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Sign UpCanadian Natural Resources's NTM/LTM revenue growth is 10%
Canadian Natural Resources's revenue per employee for the last fiscal year averaged $2.7M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Canadian Natural Resources's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Canadian Natural Resources's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Canadian Natural Resources and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -11% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 47% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 3% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Canadian Natural Resources acquired XXX companies to date.
Last acquisition by Canadian Natural Resources was XXXXXXXX, XXXXX XXXXX XXXXXX . Canadian Natural Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Canadian Natural Resources founded? | Canadian Natural Resources was founded in 1973. |
| Where is Canadian Natural Resources headquartered? | Canadian Natural Resources is headquartered in Canada. |
| How many employees does Canadian Natural Resources have? | As of today, Canadian Natural Resources has 10.6K+ employees. |
| Is Canadian Natural Resources publicy listed? | Yes, Canadian Natural Resources is a public company listed on TSE. |
| What is the stock symbol of Canadian Natural Resources? | Canadian Natural Resources trades under CNQ ticker. |
| When did Canadian Natural Resources go public? | Canadian Natural Resources went public in 1976. |
| Who are competitors of Canadian Natural Resources? | Similar companies to Canadian Natural Resources include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Canadian Natural Resources? | Canadian Natural Resources's current market cap is $55.8B |
| What is the current revenue of Canadian Natural Resources? | Canadian Natural Resources's last 12-month revenue is $26.0B. |
| What is the current EBITDA of Canadian Natural Resources? | Canadian Natural Resources's last 12-month EBITDA is $12.0B. |
| What is the current EV/Revenue multiple of Canadian Natural Resources? | Current revenue multiple of Canadian Natural Resources is 2.7x. |
| What is the current EV/EBITDA multiple of Canadian Natural Resources? | Current EBITDA multiple of Canadian Natural Resources is 5.7x. |
| What is the current revenue growth of Canadian Natural Resources? | Canadian Natural Resources revenue growth between 2023 and 2024 was 2%. |
| Is Canadian Natural Resources profitable? | Yes, Canadian Natural Resources is EBITDA-positive (as of the last 12 months). |
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