Canadian Natural Resources (CNQ) Gross Margin (2016 - 2026)

Canadian Natural Resources' Gross Margin history spans 18 years, with the latest figure at 85.25% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 146.0% to 85.25% in Q1 2026 year-over-year; TTM through Mar 2026 was 86.46%, a 328.0% increase, with the full-year FY2025 number at 86.06%, up 16.0% from a year prior.
  • Gross Margin hit 85.25% in Q1 2026 for Canadian Natural Resources, down from 88.54% in the prior quarter.
  • Over the last five years, Gross Margin for CNQ hit a ceiling of 89.36% in Q1 2023 and a floor of 79.63% in Q2 2022.
  • Historically, Gross Margin has averaged 84.9% across 5 years, with a median of 85.25% in 2026.
  • Biggest five-year swings in Gross Margin: plummeted -1119bps in 2022 and later surged 825bps in 2023.
  • Tracing CNQ's Gross Margin over 5 years: stood at 86.35% in 2022, then rose by 2bps to 88.21% in 2023, then dropped by -6bps to 83.14% in 2024, then rose by 6bps to 88.54% in 2025, then decreased by -4bps to 85.25% in 2026.
  • Business Quant data shows Gross Margin for CNQ at 85.25% in Q1 2026, 88.54% in Q4 2025, and 83.67% in Q3 2025.