Canadian Natural Resources annual operating margin
2021
2022
2023
2024
Canadian Natural Resources Operating Margin Growth & History (CNQ)
Canadian Natural Resources's operating margin was 21.22% for fiscal 2024.
View full Canadian Natural Resources company overviewCanadian Natural Resources annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2024 | 2025-12-31 | 21.22% | −6.06 pp |
| 2023 | 2024-12-31 | 27.28% | −1.81 pp |
| 2022 | 2023-12-31 | 29.09% | −5.80 pp |
| 2021 | 2022-12-31 | 34.90% | — |
Canadian Natural Resources quarterly operating margin
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 36.89% | +15.60 pp |
| Q1 2026 | 2026-03-31 | 21.53% | — |
| Q4 2025 | 2025-12-31 | 16.75% | — |
| Q3 2025 | 2025-09-30 | 9.79% | — |
| Q2 2025 | 2025-06-30 | 21.29% | — |
Canadian Natural Resources operating margin trends
Between the periods ended 2022-12-31 and 2025-12-31, Canadian Natural Resources's operating margin decreased from 34.90% to 21.22%, a change of −13.67 percentage points. The latest reported quarter, Q2 2026, shows 36.89%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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