Canadian Natural Resources (CNQ) EBT Margin (2009 - 2026)
Canadian Natural Resources' EBT Margin came in at 24.96% for Q3 2026, up 20.56 percentage points from 4.40% a year earlier but down 9.24 percentage points from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Canadian Natural Resources reported EBT Margin of 32.76%, down 34.63 percentage points year-over-year; for FY2025, it was 34.16%, up 11.56 percentage points from FY2024.
- EBT Margin carries a five-year change of +39.33 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 22.60% in FY2024 (-5.66 pp), 28.26% in FY2023 (-4.14 pp), 32.40% in FY2022 (-37.89 pp) and 70.29% in FY2021 (+75.46 pp).
- The five-year range for quarterly EBT Margin is 4.40% (Q3 2025) to 289.86% (Q4 2022).
- Year-over-year, EBT Margin increased in four of the last eight quarters, with an average year-over-year change of -19.17 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q4 2022 (a gain of 256.39 percentage points), and the weakest in Q4 2025 (a drop of 149.40 percentage points).
- Business Quant data shows CNQ's EBT Margin at 34.20% (Q2 2026), 13.95% (Q1 2026) and 63.94% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.77% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 977.98% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.10% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 40.49% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 9.56% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 29.82% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 34.19% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 24.96% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 13.80% |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - | 53.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.96% |
| Jun 30, 2026 | 34.20% |
| Mar 31, 2026 | 13.95% |
| Dec 31, 2025 | 63.94% |
| Sep 30, 2025 | 4.40% |
| Jun 30, 2025 | 29.03% |
| Mar 31, 2025 | 24.36% |
| Dec 31, 2024 | 213.34% |
| Sep 30, 2024 | 27.01% |
| Jun 30, 2024 | 21.24% |
| Mar 31, 2024 | 14.94% |
| Dec 31, 2023 | 227.22% |
| Sep 30, 2023 | 26.76% |
| Jun 30, 2023 | 20.03% |
| Mar 31, 2023 | 23.96% |
| Dec 31, 2022 | 289.86% |
| Sep 30, 2022 | 29.94% |
| Jun 30, 2022 | 32.81% |
| Mar 31, 2022 | 33.61% |
| Dec 31, 2021 | 33.46% |
API Access
Canadian Natural Resources EBT 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=ebt-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();