Canadian Natural Resources (CNQ) EBIT Margin (2009 - 2026)

Canadian Natural Resources' (CNQ) quarterly EBIT Margin came in at 72.1% in Q1 2026, down 821.0% year-on-year from 10.0% in Q1 2025, and up 152.82% quarter-over-quarter from 136.49% in Q4 2025.

Canadian Natural Resources (CNQ) EBIT Margin (2009 - 2026) Analysis & Trends

Canadian Natural Resources has disclosed EBIT Margin across 18 years of filings, most recently posting 72.1% for Q1 2026.

  • EBIT Margin for Q1 2026 came in at 72.1%, down 821.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.79% (down 5703.0% YoY), and the FY2025 annual result was 20.22%, up 80.0% from the prior year.
  • EBIT Margin came in at 72.1% for Q1 2026 at Canadian Natural Resources, up from 136.49% in the prior quarter.
  • In the past five years, EBIT Margin ranged from a high of 87.89% in Q4 2023 to a low of 136.49% in Q4 2025.
  • The 5-year median for EBIT Margin is 79.12% (2022), against an average of 67.18%.
  • Peak annual rise in EBIT Margin reached 894 bps in 2025, while the deepest fall reached 20722 bps in 2025.
  • Canadian Natural Resources' EBIT Margin stood at 84.01% in 2022, then grew by 5 bps to 87.89% in 2023, then slipped by 20 bps to 70.73% in 2024, then sank by 293 bps to 136.49% in 2025, then soared by 153 bps to 72.1% in 2026.
  • The last three EBIT Margin figures came in at 72.1% (Q1 2026), 136.49% (Q4 2025), and 76.84% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 72.10%
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 45.70%
4 Eog Resources 72.93 Bn 69.08 Bn - 37.54%
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 71.82%
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 2.74%
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 24.92%
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 60.26%
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 71.27%
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn -0.60%

Historic Data

Download Data
DateValue
Mar 31, 2026 72.10%
Dec 31, 2025 -136.49%
Sep 30, 2025 76.84%
Jun 30, 2025 87.03%
Mar 31, 2025 80.31%
Dec 31, 2024 70.73%
Sep 30, 2024 81.99%
Jun 30, 2024 78.09%
Mar 31, 2024 76.47%
Dec 31, 2023 87.89%
Sep 30, 2023 73.24%
Jun 30, 2023 86.72%
Mar 31, 2023 87.10%
Dec 31, 2022 84.01%
Sep 30, 2022 76.05%
Jun 30, 2022 79.12%
Mar 31, 2022 80.85%
Dec 31, 2021 85.56%
Sep 30, 2021 81.49%
Jun 30, 2021 88.48%