Canadian Natural ResourcesFRA:CRC -2.23%78 Gross Margin % is 19.99% as of Dec. 2025, which is 19% below its 10-year median of 24.72. GuruFocus rates FRA:CRC with a GF Score™ of 78/100 and a GF Value™ of €29.59 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 872 Oil & Gas companies, Canadian Natural Resources ranks worse than 57.22% on this metric.
Canadian Natural Resources (FRA:CRC) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Canadian Natural Resources had a gross margin of 19.99% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Canadian Natural Resources Gross Margin % Related Terms
Canadian Natural Resources Gross Margin % Historical Data
* 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.
FRA:CRC vs COP, EOG, OXY: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Canadian Natural Resources's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Canadian Natural Resources's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Canadian Natural Resources (FRA:CRC) has a Gross Margin % of 19.99% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Canadian Natural Resources and its competitors. This is 19% below median its historical median of 24.72. According to the industry distribution chart, Canadian Natural Resources ranks #499 out of 872 companies in the Oil & Gas industry, placing it in the top 57.2%.
Is Canadian Natural Resources' Gross Margin % too high?
Canadian Natural Resources' current Gross Margin % of 19.99% is 19% below median its 10-year median of 24.72. The Oil & Gas industry median Gross Margin % is 25.54. Canadian Natural Resources' value of 19.99% is 21.7% below this industry median. Based on the distribution chart, Canadian Natural Resources ranks #499 out of 872 companies in the Oil & Gas industry, which is below the industry midpoint. 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' Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Natural Resources ranks #499 out of 872 companies for Gross Margin %. This places Canadian Natural Resources in the lower half of its industry. The industry median Gross Margin % is 25.54. Canadian Natural Resources' value of 19.99% is 21.7% below this benchmark. While the company's 10-year median is 24.72 vs. the industry median of 25.54, Canadian Natural Resources has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.54, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Natural Resources's current Gross Margin % of 19.99% is 21.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Canadian Natural Resources and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Natural Resources's current Gross Margin % is 19.99%, which is 19% below median its own 10-year median of 24.72. 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 €29.59, compared to a current price of €34.20 — trading 15.6% above its estimated fair value. The current Gross Margin % is 19.99%, which is 19% below median its 10-year median of 24.72 and 21.7% below the Oil & Gas industry median of 25.54. Canadian Natural Resources' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current Gross Margin % is 19.99% 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 €34.20 is trading 15.6% above its estimated GF Value™ of €29.59.
GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.
Key valuation signals for FRA:CRC:
Gross Margin %: 19.99% (19% below median its 10-year median of 24.72)
GF Value™: €29.59 vs. price of €34.20 (15.6% above fair value)
Industry Position: 21.7% below the Oil & Gas median (#499 of 872)
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 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
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