Canadian Natural Resources (CNQ) EBIT Margin (2009 - 2026)
Canadian Natural Resources' EBIT Margin was 41.56% in the quarter ended Jun 30, 2026, up 6.53 percentage points from 35.03% a year earlier and up 22.61 percentage points from the prior quarter.
Canadian Natural Resources (CNQ) EBIT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Canadian Natural Resources' EBIT Margin was 35.34% through Jun 30, 2026, up 6.12 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -79.78%, up 14.03 percentage points from the prior year.
- EBIT Margin shows a five-year change of +17.61 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, EBIT Margin was -93.81% in the year ended Dec 31, 2024 (-8.54 pp), -85.27% in the year ended Dec 31, 2023 (-0.57 pp), -84.70% in the year ended Dec 31, 2022 (-20.34 pp) and -64.36% in the year ended Dec 31, 2021 (+33.03 pp).
- Quarterly EBIT Margin has moved between 6.09% (the quarter ended Sep 30, 2025) and 73.82% (the quarter ended Dec 31, 2025) over five years.
- Compared with a year earlier, EBIT Margin was higher in four of the last eight quarters, with an average year-over-year change of +3.64 percentage points.
- The best year-over-year quarter for EBIT Margin over five years was the quarter ended Dec 31, 2025 (a gain of 55.57 percentage points); the worst was the quarter ended Sep 30, 2025 (a drop of 27.22 percentage points).
- Per Business Quant data, CNQ's EBIT Margin in the three quarters before the quarter ended Jun 30, 2026 was 18.95% (quarter ended Mar 31, 2026), 73.82% (quarter ended Dec 31, 2025) and 6.09% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 28.46% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | -28.44% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | - |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 5.19% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 36.94% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 41.56% |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 30.46% |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 40.93% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.56% |
| Mar 31, 2026 | 18.95% |
| Dec 31, 2025 | 73.82% |
| Sep 30, 2025 | 6.09% |
| Jun 30, 2025 | 35.03% |
| Mar 31, 2025 | 30.67% |
| Dec 31, 2024 | 18.25% |
| Sep 30, 2024 | 33.32% |
| Jun 30, 2024 | 26.67% |
| Mar 31, 2024 | 18.75% |
| Dec 31, 2023 | 32.19% |
| Sep 30, 2023 | 33.69% |
| Jun 30, 2023 | 24.71% |
| Mar 31, 2023 | 28.30% |
| Dec 31, 2022 | 14.51% |
| Sep 30, 2022 | 37.44% |
| Jun 30, 2022 | 40.89% |
| Mar 31, 2022 | 39.71% |
| Dec 31, 2021 | 38.87% |
| Sep 30, 2021 | 38.74% |
Canadian Natural Resources EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();