Canadian Natural Resources (CNQ) Net Margin (2009 - 2026)
Canadian Natural Resources' Net Margin came in at 30.55% for the quarter ended Jun 30, 2026, up 2.28 percentage points from 28.27% a year earlier and up 18.08 percentage points from the prior quarter.
Canadian Natural Resources (CNQ) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Canadian Natural Resources reported Net Margin of 26.21%, up 4.28 percentage points year-over-year; for the year ended Dec 31, 2025, it was 27.91%, up 10.79 percentage points from the prior year.
- Net Margin carries a five-year change of +30.49 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Net Margin was 17.12% in the year ended Dec 31, 2024 (-5.77 pp), 22.89% in the year ended Dec 31, 2023 (-2.97 pp), 25.86% in the year ended Dec 31, 2022 (+0.36 pp) and 25.50% in the year ended Dec 31, 2021 (+28.07 pp).
- The five-year range for quarterly Net Margin is 6.31% (the quarter ended Sep 30, 2025) to 55.19% (the quarter ended Dec 31, 2025).
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +2.80 percentage points.
- The fastest year-over-year change in Net Margin over five years came in the quarter ended Dec 31, 2025 (a gain of 43.17 percentage points), and the weakest in the quarter ended Sep 30, 2025 (a drop of 19.18 percentage points).
- Business Quant data shows CNQ's Net Margin at 12.47% (quarter ended Mar 31, 2026), 55.19% (quarter ended Dec 31, 2025) and 6.31% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 11.43% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 17.23% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 8.80% |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 13.62% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 20.14% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 9.17% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 7.39% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 30.55% |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 21.33% |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 31.60% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.55% |
| Mar 31, 2026 | 12.47% |
| Dec 31, 2025 | 55.19% |
| Sep 30, 2025 | 6.31% |
| Jun 30, 2025 | 28.27% |
| Mar 31, 2025 | 22.47% |
| Dec 31, 2024 | 12.02% |
| Sep 30, 2024 | 25.48% |
| Jun 30, 2024 | 18.95% |
| Mar 31, 2024 | 11.97% |
| Dec 31, 2023 | 27.50% |
| Sep 30, 2023 | 23.69% |
| Jun 30, 2023 | 18.54% |
| Mar 31, 2023 | 20.85% |
| Dec 31, 2022 | 15.69% |
| Sep 30, 2022 | 26.91% |
| Jun 30, 2022 | 30.52% |
| Mar 31, 2022 | 29.04% |
| Dec 31, 2021 | 27.50% |
| Sep 30, 2021 | 28.56% |
Canadian Natural Resources Net 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=net-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();