Canadian Natural Resources (CNQ) EBIT Margin (2009 - 2026)
Canadian Natural Resources' EBIT Margin was 78.41% in Q3 2026, up 4.34 percentage points from 74.07% a year earlier but down 6.09 percentage points from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) EBIT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Canadian Natural Resources' EBIT Margin was 77.61% through Sep 30, 2026, up 2.61 percentage points year-over-year; for FY2025, it came in at 38.46%, up 12.54 percentage points from FY2024.
- EBIT Margin shows a five-year change of +34.68 percentage points (FY2020 to FY2025).
- In earlier years, EBIT Margin was 25.92% in FY2024 (-5.88 pp), 31.80% in FY2023 (-34.61 pp), 66.41% in FY2022 (-1.74 pp) and 68.15% in FY2021 (+64.37 pp).
- Quarterly EBIT Margin has moved between 69.02% (Q1 2024) and 84.51% (Q2 2026) 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 0.00 percentage points.
- The best year-over-year quarter for EBIT Margin over five years was Q4 2021 (a gain of 11.55 percentage points); the worst was Q4 2024 (a drop of 9.23 percentage points).
- Per Business Quant data, CNQ's EBIT Margin in the three quarters before Q3 2026 was 84.51% (Q2 2026), 69.28% (Q1 2026) and 75.10% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.93% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 977.98% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.54% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 39.66% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.15% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 50.83% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 36.02% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 78.41% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 14.27% |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - | 46.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 78.41% |
| Jun 30, 2026 | 84.51% |
| Mar 31, 2026 | 69.28% |
| Dec 31, 2025 | 75.10% |
| Sep 30, 2025 | 74.07% |
| Jun 30, 2025 | 76.12% |
| Mar 31, 2025 | 78.34% |
| Dec 31, 2024 | 71.23% |
| Sep 30, 2024 | 80.36% |
| Jun 30, 2024 | 77.49% |
| Mar 31, 2024 | 69.02% |
| Dec 31, 2023 | 80.46% |
| Sep 30, 2023 | 75.94% |
| Jun 30, 2023 | 73.97% |
| Mar 31, 2023 | 74.05% |
| Dec 31, 2022 | 76.98% |
| Sep 30, 2022 | 76.38% |
| Jun 30, 2022 | 79.48% |
| Mar 31, 2022 | 78.32% |
| Dec 31, 2021 | 78.19% |
API Access
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();