Canadian Natural Resources Limited (CNQ) Earnings History
Annual and quarterly earnings data from 1993 to 2025
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CNQ EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CNQ Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 23.3% | 21.2% | 27.9% |
| 2024 | 49.3% | 47.1% | 17.1% |
| 2023 | 28.8% | 25.6% | 20.2% |
| 2022 | 32.8% | 29.8% | 22.1% |
| 2021 | 32.2% | 29.0% | 23.3% |
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Canadian Natural Resources Limited (CNQ) Earnings Overview
As of May 6, 2026, Canadian Natural Resources Limited (CNQ) reported trailing twelve-month net income of $10.82B, reflecting +81.1% year-over-year growth. The company earned $5.18 per diluted share over the past four quarters, with a net profit margin of 27.9%.
Looking at the long-term picture, CNQ's historical earnings data spans multiple years. The company achieved its highest annual net income of $10.94B in fiscal 2022.
Canadian Natural Resources Limited maintains industry-leading profitability with a gross margin of 23.3%, operating margin of 21.2%, and net margin of 27.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CVE ($3.14B net income, 7.9% margin), SU ($5.92B net income, 12.1% margin), IMO ($3.27B net income, 6.9% margin), CNQ has outperformed on profitability metrics. Compare CNQ vs CVE →
CNQ Earnings vs Peers
Earnings metrics vs comparable public companies
CNQ Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.81B | +77.1% | $8.22B | $5.16 | 27.9% | 21.2% |
| 2024 | $6.11B | -25.8% | $16.80B | $2.85 | 17.1% | 47.1% |
| 2023 | $8.23B | -24.7% | $10.46B | $3.74 | 20.2% | 25.6% |
| 2022 | $10.94B | +42.7% | $14.76B | $4.82 | 22.1% | 29.8% |
| 2021 | $7.66B | +1861.8% | $9.51B | $3.24 | 23.3% | 29.0% |
| 2020 | -$435M | -108.0% | $0 | $-0.18 | -2.5% | 0.0% |
| 2019 | $5.42B | +109.0% | $11.33B | $2.27 | 23.7% | 49.5% |
| 2018 | $2.59B | +8.1% | $4.85B | $1.06 | 11.6% | 21.8% |
| 2017 | $2.40B | +1275.0% | $2.33B | $1.02 | 13.6% | 13.2% |
| 2016 | -$204M | +68.0% | -$1.28B | $-0.10 | -1.8% | -11.5% |
Full CNQ Stock Analysis
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Start ComparisonCNQ — Frequently Asked Questions
Quick answers to the most common questions about buying CNQ stock.
Is CNQ growing earnings?
CNQ EPS is $5.18, with earnings growth accelerating to +81.1%. This exceeds the 5-year CAGR of N/A. TTM net income reached $10.8B.
What are CNQ's profit margins?
Canadian Natural Resources Limited net margin is +27.9%, with operating margin at +21.2%. Above-average margins indicate pricing power.
How consistent are CNQ's earnings?
CNQ earnings data spans 1993-2025. The accelerating earnings trend is +81.1% YoY. Historical data enables comparison across business cycles.