Canadian Natural Resources (CNQ) Net Margin (2009 - 2026)
Canadian Natural Resources' (CNQ) quarterly Net Margin came in at 32.66% in Q2 2026, up 540.0% year-over-year from 5.1% in Q2 2025, and up 200.51% quarter-over-quarter from 10.87% in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) Net Margin (2009 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Net Margin across 18 years of filings, most recently posting 32.66% for Q2 2026.
- In Q2 2026, Net Margin rose 540.0% year-over-year to 32.66%; the TTM figure through Jun 2026 stood at 27.54% (up 451.0% YoY), while the FY2025 annual figure was 29.23%, up 1092.0% from the prior year.
- Net Margin came in at 32.66% for Q2 2026 at Canadian Natural Resources, up from 10.87% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 65.62% in Q4 2025 to a low of 0.01% in Q1 2024.
- Average Net Margin over 5 years is 14.94%, with a median of 12.64% recorded in 2024.
- Year-over-year, Net Margin tumbled 2959 bps in 2022 and jumped 5120 bps in 2025.
- Over 5 years, Net Margin stood at 0.01% in 2022, then soared by 83 bps to 0.02% in 2023, then jumped by 63258 bps to 14.42% in 2024, then jumped by 355 bps to 65.62% in 2025, then tumbled by 50 bps to 32.66% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 32.66% in Q2 2026, 10.87% in Q1 2026, and 65.62% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.37 Bn | 158.68 Bn | 12.81 Bn | 20.14% |
| 2 | Canadian Natural Resources | 106.24 Bn | 104.35 Bn | 8.84 Bn | 32.66% |
| 3 | Eog Resources | 77.64 Bn | 72.73 Bn | - | 31.60% |
| 4 | Diamondback Energy | 57.73 Bn | 57.26 Bn | 5.55 Bn | 36.95% |
| 5 | Devon Energy | 46.75 Bn | 45.74 Bn | 6.02 Bn | 22.14% |
| 6 | Expand Energy | 23.07 Bn | 21.81 Bn | 2.33 Bn | 17.64% |
| 7 | Permian Resources | 19.87 Bn | 19.61 Bn | - | 42.65% |
| 8 | Ovintiv | 17.94 Bn | 17.05 Bn | 2.83 Bn | 15.13% |
| 9 | Apa | 15.73 Bn | 15.28 Bn | 2.28 Bn | 31.14% |
| 10 | Antero Resources | 12.12 Bn | 11.55 Bn | 1.56 Bn | 17.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.66% |
| Mar 31, 2026 | 10.87% |
| Dec 31, 2025 | 65.62% |
| Sep 30, 2025 | 0.71% |
| Jun 30, 2025 | 27.26% |
| Mar 31, 2025 | 23.64% |
| Dec 31, 2024 | 14.42% |
| Sep 30, 2024 | 27.21% |
| Jun 30, 2024 | 19.18% |
| Mar 31, 2024 | 0.01% |
| Dec 31, 2023 | 0.02% |
| Sep 30, 2023 | 0.02% |
| Jun 30, 2023 | 18.49% |
| Mar 31, 2023 | 0.02% |
| Dec 31, 2022 | 0.01% |
| Sep 30, 2022 | 28.77% |
| Jun 30, 2022 | 0.02% |
| Mar 31, 2022 | 0.02% |
| Dec 31, 2021 | 29.60% |
| Sep 30, 2021 | 29.28% |