Canadian Natural Resources (FRA:CRC) EBIT: €8,843 Mil (TTM As of Dec. 2025)


FRA:CRC Canadian Natural Resources Ltd FRA:CRC
78 GF Score
Price €35.06
GF Value €29.55
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Canadian Natural Resources EBIT?

Canadian Natural Resources FRA:CRC -2.22% 78 EBIT is €8,843 Mil as of Dec. 2025. GuruFocus rates FRA:CRC with a GF Score™ of 78/100 and a GF Value™ of €29.55 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Canadian Natural Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was €4,391 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €8,843 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canadian Natural Resources's annualized ROC % for the quarter that ended in Dec. 2025 was 6.67%. Canadian Natural Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 35.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.76%.


Canadian Natural Resources  (FRA:CRC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Canadian Natural Resources's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=4442.408 * ( 1 - 22.56% )/( (49701.642 + 53407.966)/ 2 )
=3440.2007552/51554.804
=6.67 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=52712.034 - 3707.561 - ( 69.594 - max(0, 5119.76 - 4422.591+69.594))
=49701.642

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=56848.728 - 3687.769 - ( 416.631 - max(0, 4991.52 - 4744.513+416.631))
=53407.966

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Canadian Natural Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17564.108/( ( (47705.595 + max(-256.204, 0)) + (51566.247 + max(-390.63, 0)) )/ 2 )
=17564.108/( ( 47705.595 + 51566.247 )/ 2 )
=17564.108/49635.921
=35.39 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2306.448 + 1705.355 + 341.194) - (3707.561 + 0 + 901.64)
=-256.204

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2475.64 + 1622.569 + 229.673) - (3687.769 + 0 + 1030.743)
=-390.63

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=8842.76/82169.040
=10.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Canadian Natural Resources EBIT Related Terms


Canadian Natural Resources EBIT Historical Data

* Premium members only.

The historical data trend for Canadian Natural Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canadian Natural Resources EBIT Chart

Canadian Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,366.24 9,988.26 7,420.21 5,853.20 8,840.25

Canadian Natural Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,161.73 1,932.80 357.21 4,391.03 0.00

FRA:CRC vs COP, EOG, OXY: EBIT Comparison

For the Oil & Gas E&P subindustry, Canadian Natural Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Natural Resources EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canadian Natural Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Canadian Natural Resources's EV-to-EBIT falls into.


FRA:CRC
78GF Score
Canadian Natural Resources Ltd FRA:CRC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Natural Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,843 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €8,843 Mil mean?
Canadian Natural Resources (FRA:CRC) has a EBIT of €8,843 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Canadian Natural Resources.
Is Canadian Natural Resources' EBIT too high?
Canadian Natural Resources' current EBIT is €8,843 Mil. Overall, Canadian Natural Resources has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' EBIT compare to COP and EOG?
Canadian Natural Resources' EBIT of €8,843 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Canadian Natural Resources. Canadian Natural Resources's current EBIT is €8,843 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Canadian Natural Resources (FRA:CRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.55, compared to a current price of €35.06 — trading 18.6% above its estimated fair value. The current EBIT is €8,843 Mil. Canadian Natural Resources' overall GF Score™ is 78/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current EBIT is €8,843 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian Natural Resources (FRA:CRC) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Natural Resources stock appears to be overvalued. The current stock price of €35.06 is trading 18.6% above its estimated GF Value™ of €29.55. GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.

Key valuation signals for FRA:CRC:

  • EBIT: €8,843 Mil
  • GF Value™: €29.55 vs. price of €35.06 (18.6% above fair value)
  • GF Score™: 78/100 with 1 warning sign

No single metric tells the full story. See the FRA:CRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canadian Natural Resources Business Description

Industry EnergyOil & Gas
Address 855 - 2 Street S.W, Suite 2100, Calgary, AB, CAN, T2P 4J8
Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen through its drilling and mining operations. Bitumen from mining operations is upgraded into synthetic crude oil. Commodities produced are primarily exported to the US via pipeline. The company also has smaller offshore production operations in the North Sea and Africa.
78GF Score

Get the complete analysis for FRA:CRC

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€35.06
Price
€29.55
GF Value