Canadian Natural Resources (TSX:CNQ) Net Margin % : 21.79% (As of Sep. 2024)

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What is Canadian Natural Resources Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Canadian Natural Resources's Net Income for the three months ended in Sep. 2024 was C$2,266 Mil. Canadian Natural Resources's Revenue for the three months ended in Sep. 2024 was C$10,401 Mil. Therefore, Canadian Natural Resources's net margin for the quarter that ended in Sep. 2024 was 21.79%.

The historical rank and industry rank for Canadian Natural Resources's Net Margin % or its related term are showing as below:

TSX:CNQ' s Net Margin % Range Over the Past 10 Years
Min: -4.84 Med: 15.76 Max: 23.33
Current: 18.47

TSX:CNQ's Net Margin % is ranked better than
78.38% of 948 companies
in the Oil & Gas industry
Industry Median: 3.7 vs TSX:CNQ: 18.47

Canadian Natural Resources Net Margin % Historical Data

The historical data trend for Canadian Natural Resources's Net Margin % 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.

* Premium members only.

Canadian Natural Resources Net Margin % Chart

Canadian Natural Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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22.20

-2.49

23.33

22.08

20.16

Canadian Natural Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Net Margin %	Get a 7-Day Free Trial															19.93	24.60	10.48	16.15	21.79

Competitive Comparison of Canadian Natural Resources's Net Margin %

For the Oil & Gas E&P subindustry, Canadian Natural Resources's Net Margin %, along with its competitors' market caps and Net 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's Net Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Net Margin % distribution charts can be found below:

* The bar in red indicates where Canadian Natural Resources's Net Margin % falls into.

Canadian Natural Resources Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Canadian Natural Resources's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	8233	/	40835
	=	20.16 %

Canadian Natural Resources's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin	=	Net Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2266	/	10401
	=	21.79 %

Canadian Natural Resources (TSX:CNQ) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Canadian Natural Resources Net Margin % Related Terms

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Canadian Natural Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Natural Resources Ltd (TSX:CNQ) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

CNQ:USA CRC:Germany CRC:Germany

Address

855 - 2nd Street South West, Suite 2100, Corporate Resources, Calgary, AB, CAN, T2P 4J8

Website

https://www.cnrl.com

Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include exploring, developing, producing, and marketing crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading, Midstream and Refining. It derives a majority of its revenue from North America.

Executives

Dwayne Frederick Giggs	Senior Officer
Ronald Keith Laing	Senior Officer
Devin Craig Lowe	Senior Officer
Trevor Wagil	Senior Officer
Scott Gerald Stauth	Senior Officer
Warren Paul Raczynski	Senior Officer
Jay Ellery Froc	Senior Officer
Roy Douglas Roth	Senior Officer
Calvin John Bast	Senior Officer
Erin Louise Lunn	Senior Officer
Timothy Shawn Mckay	Senior Officer
Stephen W. Laut	Director
Kyle Grayson Pisio	Senior Officer
Troy John Peter Andersen	Senior Officer
Norman Murray Edwards	Director, Senior Officer