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

Canadian Natural Resources has disclosed Gross Margin across 18 years of filings, most recently posting 85.25% for Q1 2026.

• Gross Margin for Q1 2026 came in at 85.25%, up 146.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 86.83% (up 365.0% YoY), and the FY2025 annual result was 86.06%, up 16.0% from the prior year.
• Gross Margin came in at 85.25% for Q1 2026 at Canadian Natural Resources, down from 89.72% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 90.39% in Q1 2023 to a low of 81.13% in Q3 2023.
• The 5-year median for Gross Margin is 85.25% (2026), against an average of 85.43%.
• Across the five-year window, Gross Margin plunged 851 bps in 2022 and jumped 658 bps in 2025, its largest moves.
• Canadian Natural Resources' Gross Margin stood at 86.35% in 2022, then increased by 2 bps to 88.21% in 2023, then fell by 6 bps to 83.14% in 2024, then climbed by 8 bps to 89.72% in 2025, then declined by 5 bps to 85.25% in 2026.
• The last three Gross Margin figures came in at 85.25% (Q1 2026), 89.72% (Q4 2025), and 83.67% (Q3 2025), per Business Quant data.