CNA CNA Financial margins

Relative Growth: Rel. Growth: 81

Relative Strength: Rel. Strength: 45

Relative Valuation: Rel. Valuation: 93

Relative Profitability: Rel. Profitability: 56

Gross margin

34%

Operating margin

11.2%

EBITDA margin

11.7%

Net margin

8.2%

The CNA Financial shows a gross margin of 34%, an operating margin of 11.2%, an EBITDA margin of 11.7%, and a net margin of 8.2%. Operating margin drove the improvement across the available margins, increasing by 2.8 percentage points.

CNA margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, CNA Financial's margins averaged 34.73% gross, 10.94% operating, 11.45% EBITDA, and 7.94% net. For CNA Financial, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

CNA margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by operating and EBITDA margins with an increase of 2.8 percentage points.

Gross margin expansion

0.2pp

Operating margin expansion

2.8pp

EBITDA margin expansion

2.8pp

Net margin expansion

2.2pp

CNA Gross margin

Over the last 3 years, the average gross margin for CNA Financial was 34.73%. The latest gross margin for CNA Financial is 34%, 0.7 percentage points below its three-year average. CNA Financial's gross margin ranged from a low of 33.8% in Jun 2025 to a high of 35.7% in Jun 2024.

CNA Operating margin

Looking back over the last 3 years, CNA Financial recorded an average operating margin of 10.94%. CNA Financial's current operating margin is 11.2% and is 0.3 percentage points above its three-year average. The highest operating margin for CNA Financial was 12.7% in Sep 2024, while the lowest was 8.4% in Jun 2025.

CNA EBITDA margin

CNA Financial's EBITDA margin averaged 11.45% during the last 3 years. Compared with its three-year average, CNA Financial's current EBITDA margin is 11.7% and is 0.3 percentage points above its three-year average. Over the last 3 years, CNA Financial's EBITDA margin peaked at 13.3% in Jun 2024 and reached a low of 8.9% in Jun 2025.

CNA Net margin

Over the last 3 years, CNA Financial's net margin averaged 7.94%. The current net margin of 8.2% is 0.3 percentage points above its three-year average. During this period, net margin reached a high of 9.3% in Sep 2024 and a low of 6% in Jun 2025.

CNA margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 34%, CNA stands lower than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 83.9%, CNA Financial's gross margin is 59% lower.

CNA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is CNA Financial's gross margin?

For the period ending Jun 30, 2026, CNA recorded a gross margin of 34%.

What is CNA Financial's operating margin?

As of Jun 30, 2026, CNA has an operating margin of 11.2%.

What is CNA Financial's EBITDA margin?

The current EBITDA margin for CNA is 11.7% as of Jun 30, 2026.

What is CNA Financial's net margin?

As of Jun 30, 2026, CNA has a net margin of 8.2%.

What are the average margins of CNA?

Across the last 3 years, CNA averaged 34.7% gross, 10.9% operating, 11.5% EBITDA, and 7.9% net.

What are the highest historical margins of CNA?

Over the last 5 years, CNA Financial's highest margins were 35.7% gross in Jun 2024, 13.2% operating in Dec 2021, 13.7% EBITDA in Dec 2021, and 9.9% net in Dec 2021.

What are the lowest historical margins of CNA?

Across the 5-year period, CNA posted its lowest margins at 31.4% gross in Mar 2023, 7.8% operating in Dec 2022, 8.2% EBITDA in Dec 2022, and 5.6% net in Mar 2023.