Canadian Natural Resources LimitedCNQNYSE
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SG&A Expense Growth Under PressureDecelerating
Percentile Rank62
3Y CAGR-67.4%
5Y CAGR-40.8%
Year-over-Year Change

Year-over-year SG&A expense growth

3Y CAGR
-67.4%/yr
vs +112.2%/yr prior
5Y CAGR
-40.8%/yr
Recent deceleration
Acceleration
-179.6pp
Decelerating
Percentile
P62
Within normal range
vs 5Y Ago
0.1x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 202512.93%
Q3 202535.22%
Q2 2025-10.67%
Q1 20254.09%
Q4 2024113.75%
Q3 2024-27.93%
Q2 2024-73.57%
Q1 2024138.64%
Q4 2023-56.65%
Q3 2023114.81%
Q2 20239.88%
Q1 2023-59.72%
Q4 2022374.44%
Q3 202273.08%
Q2 2022-92.00%
Q1 2022125.69%
Q4 2021100.00%
Q3 2021-35.71%
Q2 20210.00%
Q1 2021-2.61%
Q4 2020177.11%
Q3 2020-25.23%
Q2 2020-3.48%
Q1 2020-55.08%
Q4 2019150.98%
Q3 201932.47%
Q2 2019-41.67%
Q1 2019331.58%
Q4 2018-612.50%
Q3 2018-103.19%
Q2 20183685.71%
Q1 2018-103.87%
Q4 2017-3.21%
Q3 2017744.83%
Q2 2017-125.44%
Q1 2017-10.94%
Q4 2016-17.95%
Q3 2016-26.76%
Q2 20164.93%
Q1 201636.24%