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

Canadian Natural Resources has disclosed Operating Margin across 18 years of filings, most recently posting 81.91% for Q2 2026.

• In Q2 2026, Operating Margin rose 847.0% year-over-year to 81.91%; the TTM figure through Jun 2026 stood at 19.96% (down 5297.0% YoY), while the FY2025 annual figure was 10.54%, up 1064.0% from the prior year.
• Operating Margin came in at 81.91% for Q2 2026 at Canadian Natural Resources, up from 64.75% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 85.64% in Q4 2023 to a low of 177.15% in Q4 2025.
• Average Operating Margin over 5 years is 62.11%, with a median of 75.92% recorded in 2024.
• Year-over-year, Operating Margin jumped 1193 bps in 2022 and plunged 24353 bps in 2025.
• Over 5 years, Operating Margin stood at 83.04% in 2022, then gained by 3 bps to 85.64% in 2023, then dropped by 22 bps to 66.38% in 2024, then tumbled by 367 bps to 177.15% in 2025, then surged by 146 bps to 81.91% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 81.91% in Q2 2026, 64.75% in Q1 2026, and 177.15% in Q4 2025.