Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 42.98% is 13% below its 5-year average of 49.66%, around the middle of its 5-year range (13.07%–80.87%).
As of the fiscal period ended Tuesday, March 31, 2026. 12.08% below its 12-month average of 48.88%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
42.98%
EBITDA MARGIN AVG TTM
48.88%
EBITDA MARGIN AVG 3Y
40.76%
EBITDA MARGIN AVG 5Y
51.49%
EBITDA MARGIN AVG 10Y
43.20%
EBITDA MARGIN AVG 15Y
43.49%
EBITDA MARGIN AVG 20Y
46.08%
CURRENT VS TTM AVG
-12.08%
CURRENT VS 3Y AVG
+5.44%
CURRENT VS 5Y AVG
-16.54%
CURRENT VS 10Y AVG
-0.51%
CURRENT VS 15Y AVG
-1.18%
CURRENT VS 20Y AVG
-6.73%
Canadian Natural Resources Limited
Market Cap
$99.45B
EBITDA Margin
42.98%
TTM Avg
48.88%
3Y Avg
40.76%
5Y Avg
51.49%
Market Cap
$92.39B
EBITDA Margin
6.80%
TTM Avg
6.49%
3Y Avg
9.05%
5Y Avg
4.98%
Market Cap
$90.09B
EBITDA Margin
6.09%
TTM Avg
5.56%
3Y Avg
7.87%
5Y Avg
6.11%
Market Cap
$87.49B
EBITDA Margin
56.47%
TTM Avg
54.70%
3Y Avg
53.44%
5Y Avg
51.11%
Market Cap
$82.32B
EBITDA Margin
18.12%
TTM Avg
17.54%
3Y Avg
17.11%
5Y Avg
18.88%
Market Cap
$79.20B
EBITDA Margin
56.16%
TTM Avg
54.15%
3Y Avg
52.65%
5Y Avg
48.18%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $99.45B | 42.98% | 48.88% | 40.76% | 51.49% |
| Marathon Petroleum Corporation (MPC)vs › | $92.39B | 6.80% | 6.49% | 9.05% | 4.98% |
| Valero Energy Corporation (VLO)vs › | $90.09B | 6.09% | 5.56% | 7.87% | 6.11% |
| The Williams Companies, Inc. (WMB)vs › | $87.49B | 56.47% | 54.70% | 53.44% | 51.11% |
| Phillips 66 (PSX)vs › | $84.87B | 5.16% | 4.23% | 5.58% | 4.04% |
| Enterprise Products Partners L.P. (EPD)vs › | $82.32B | 18.12% | 17.54% | 17.11% | 18.88% |
| Eni S.p.A. (E)vs › | $80.49B | 14.43% | 17.36% | 18.68% | 19.76% |
| Suncor Energy Inc. (SU)vs › | $79.44B | 46.99% | 46.83% | 46.87% | 47.24% |
| EOG Resources, Inc. (EOG)vs › | $79.20B | 56.16% | 54.15% | 52.65% | 48.18% |
| Slb N.V. (SLB)vs › | $74.14B | 20.63% | 21.63% | 21.47% | 20.12% |
Gross Margin
21.3%
EBITDA Margin
43.0%
Operating Margin
18.6%
Net Margin
23.9%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 42.98% |
| 2025-12-31 | 40.45% |
| 2025-09-30 | 80.87% |
| 2025-06-30 | 39.53% |
| 2025-03-31 | 40.58% |
| 2024-12-31 | 40.59% |
| 2024-09-30 | 42.52% |
| 2024-06-30 | 39.63% |
| 2024-03-31 | 34.88% |
| 2023-12-31 | 45.71% |
| 2023-09-30 | 13.07% |
| 2023-06-30 | 58.91% |
| 2023-03-31 | 63.38% |
| 2022-12-31 | 58.82% |
| 2022-09-30 | 47.51% |
| 2022-06-30 | 46.31% |
| 2022-03-31 | 45.60% |
| 2021-12-31 | 48.98% |
| 2021-09-30 | 74.93% |
| 2021-06-30 | 68.66% |
| 2021-03-31 | 69.04% |
| 2020-12-31 | 34.26% |
| 2020-09-30 | 39.03% |
| 2020-06-30 | 18.38% |
| 2020-03-31 | 64.11% |
| 2019-12-31 | 66.46% |
| 2019-09-30 | 48.49% |
| 2019-06-30 | 49.06% |
| 2019-03-31 | 45.17% |
| 2018-12-31 | 31.90% |
| 2018-09-30 | 51.27% |
| 2018-06-30 | 45.23% |
| 2018-03-31 | 46.26% |
| 2017-12-31 | 40.43% |
| 2017-09-30 | 39.04% |
| 2017-06-30 | 47.01% |
| 2017-03-31 | 45.14% |
| 2016-12-31 | 44.80% |
| 2016-09-30 | 28.46% |
| 2016-06-30 | 30.60% |
| 2016-03-31 | 17.98% |
| 2015-12-31 | 30.61% |
| 2015-09-30 | 40.95% |
| 2015-06-30 | 42.08% |
| 2015-03-31 | 28.98% |
| 2014-12-31 | 45.79% |
| 2014-09-30 | 49.98% |
| 2014-06-30 | 45.13% |
| 2014-03-31 | 41.79% |
| 2013-12-31 | 43.88% |
| 2013-09-30 | 50.30% |
| 2013-06-30 | 44.35% |
| 2013-03-31 | 38.36% |
| 2012-12-31 | 43.88% |
| 2012-09-30 | 41.03% |
| 2012-06-30 | 50.27% |
| 2012-03-31 | 45.68% |
| 2011-12-31 | 48.35% |
| 2011-09-30 | 55.72% |
| 2011-06-30 | 52.43% |
| 2011-03-31 | 39.46% |
| 2010-12-31 | 32.88% |
| 2010-09-30 | 55.04% |
| 2010-06-30 | 52.99% |
| 2010-03-31 | 62.07% |
| 2009-12-31 | 48.99% |
| 2009-09-30 | 59.12% |
| 2009-06-30 | 32.98% |
| 2009-03-31 | 49.95% |
| 2008-12-31 | 57.93% |
| 2008-09-30 | 60.04% |
| 2008-06-30 | 49.73% |
| 2008-03-31 | 45.67% |
| 2007-12-31 | 8.16% |
| 2007-09-30 | 53.35% |
| 2007-06-30 | 51.13% |
| 2007-03-31 | 39.20% |
| 2006-12-31 | 38.77% |
| 2006-09-30 | 61.88% |
| 2006-06-30 | 51.20% |
| 2006-03-31 | 48.84% |
| 2005-12-31 | 60.70% |
| 2005-09-30 | 58.27% |
| 2005-06-30 | 51.44% |
| 2005-03-31 | 51.03% |
| 2004-12-31 | 60.41% |
| 2004-09-30 | 68.55% |
| 2004-06-30 | 58.23% |
| 2004-03-31 | 56.37% |
| 2003-12-31 | 46.50% |
| 2003-09-30 | 56.64% |
| 2003-06-30 | 63.80% |
| 2003-03-31 | 77.56% |
| 2002-12-31 | 60.02% |
| 2002-09-30 | 60.17% |
| 2002-06-30 | 59.30% |
