Canadian Natural Resources (CNQ) Gross Margin (2009 - 2026)
Canadian Natural Resources (CNQ) reported Gross Margin of -13.94% for the year ended Dec 31, 2025, up 2.47 percentage points from -16.42% a year earlier.
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Analysis
Canadian Natural Resources (CNQ) Gross Margin (2009 - 2026) Analysis & Trends
Dating back to the year ended Dec 31, 2015, Canadian Natural Resources' Gross Margin record includes 11 years.
- Gross Margin has a five-year change of -21.72 percentage points (years ended Dec 2020 to Dec 2025).
- Five-year annual Gross Margin spans a low of -17.10% in the year ended Dec 31, 2022 and a high of 2.66% in the year ended Dec 31, 2021.
- According to Business Quant data, Gross Margin came in at -16.42% in the year ended Dec 31, 2024 (-2.88 pp), -13.53% in the year ended Dec 31, 2023 (+3.57 pp), -17.10% in the year ended Dec 31, 2022 (-19.76 pp) and 2.66% in the year ended Dec 31, 2021 (-5.11 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.22 Bn | 700.71 Bn | - | - |
| 2 | Chevron | 442.27 Bn | 414.39 Bn | 33.45 Bn | 47.75% |
| 3 | Shell | 308.83 Bn | 238.57 Bn | 30.13 Bn | 31.83% |
| 4 | TotalEnergies SE | 197.25 Bn | 77.83 Bn | 61.77 Bn | 100.00% |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 119.62 Bn | 34.07 Bn | - | - |
| 7 | Phillips 66 | 116.49 Bn | 104.28 Bn | 8.38 Bn | 16.10% |
| 8 | Canadian Natural Resources | 113.27 Bn | 110.27 Bn | 8.84 Bn | 82.99% |
| 9 | Suncor Energy | 95.51 Bn | 81.26 Bn | - | - |
| 10 | Eni Spa | 88.76 Bn | 33.32 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 82.99% |
| Mar 31, 2026 | 77.91% |
| Dec 31, 2025 | 74.98% |
| Sep 30, 2025 | 79.95% |
| Jun 30, 2025 | 77.68% |
| Mar 31, 2025 | 81.34% |
| Dec 31, 2024 | 81.85% |
| Sep 30, 2024 | 81.26% |
| Jun 30, 2024 | 78.14% |
| Mar 31, 2024 | 77.11% |
| Dec 31, 2023 | 85.86% |
| Sep 30, 2023 | 79.29% |
| Jun 30, 2023 | 71.98% |
| Mar 31, 2023 | 74.92% |
| Dec 31, 2022 | 84.55% |
| Sep 30, 2022 | 87.34% |
| Jun 30, 2022 | 87.01% |
| Mar 31, 2022 | 86.72% |
| Dec 31, 2021 | 79.71% |
| Sep 30, 2021 | 77.15% |
API Access
Canadian Natural Resources Gross 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=gross-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();