Canadian Natural Resources Limited (CNQ) vs ConocoPhillips (COP)
CNQ leads on 10 of 15 compared metrics.
A side-by-side comparison of Canadian Natural Resources Limited and ConocoPhillips across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CNQ vs COP
growth of $100 · last 26yCNQ +2533.7%COP +497.1%CNQ compounded faster
CNQ COP
CNQ vs COP: by the numbers
- •COP is the larger company ($142.52B vs $94.49B market cap).
- •CNQ trades at the lower earnings multiple (13.41 vs 19.89 P/E).
- •CNQ converts more revenue to profit (23.94% vs 12.56% net margin).
- •COP grew revenue faster over the past five years (20.71% vs 14.46% CAGR).
- •CNQ pays the higher dividend yield (2.89% vs 2.82%).
Which is better, CNQ or COP?
Metric tally: CNQ 10 · COP 5It depends on what you're optimizing for:
ValueCNQ(lower P/E)
GrowthCOP(faster 5Y revenue CAGR)
IncomeCNQ(higher dividend yield)
QualityCNQ(higher ROIC)
Valuation
| Metric | CNQ | COP |
|---|---|---|
| P/E ratio | 13.41● | 19.89 |
| Forward P/E | 9.16● | 13.01 |
| P/S ratio | 3.22 | 2.46● |
| P/B ratio | 4.12 | 2.22● |
| PEG ratio | 0.11 | — |
| EV / EBITDA | 6.46 | 6.57 |
| FCF yield | 4.72% | 12.79%● |
Profitability
| Metric | CNQ | COP |
|---|---|---|
| Gross margin | 30.69%● | 29.18% |
| Operating margin | 26.74%● | 18.28% |
| Net margin | 23.94%● | 12.56% |
| ROE | 30.65%● | 11.34% |
| ROIC | 7.95%● | 6.72% |
Dividends
| Metric | CNQ | COP |
|---|---|---|
| Dividend yield | 2.89%● | 2.82% |
| Payout ratio | 34.74% | 51.89% |
Growth (annualized)
| Metric | CNQ | COP |
|---|---|---|
| Revenue CAGR (5Y) | 14.46% | 20.71%● |
| EPS CAGR (5Y) | 13.65%● | -0.18% |
| FCF CAGR (5Y) | 13.93% | 104.64%● |
| Total return CAGR (5Y) | 25.57%● | 18.54% |
Frequently asked
- Which is better, CNQ or COP?
- It depends on your goal. value: CNQ (lower P/E); growth: COP (faster 5Y revenue CAGR); income: CNQ (higher dividend yield); quality: CNQ (higher ROIC). Across all compared metrics, CNQ leads 10 to 5.
- Is CNQ or COP cheaper?
- On trailing earnings, CNQ is cheaper: CNQ trades at a 13.41 P/E and COP at 19.89.
- Which has grown faster, CNQ or COP?
- Over the past five years, COP grew revenue faster — CNQ at a 14.46% CAGR versus COP at 20.71%.
- Does CNQ or COP pay a bigger dividend?
- CNQ yields 2.89% and COP yields 2.82% based on trailing dividends and the latest price.
- Is CNQ or COP more profitable?
- CNQ runs the higher net margin — CNQ at 23.94% versus COP at 12.56%.
- Which has been the better investment, CNQ or COP?
- Over the past 10-year, CNQ delivered the higher annualized total return — CNQ at 17.67% versus COP at 13.65%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioConocoPhillips P/E ratioCanadian Natural Resources dividend yieldConocoPhillips dividend yieldCanadian Natural Resources ROEConocoPhillips ROECanadian Natural Resources operating marginConocoPhillips operating marginCanadian Natural Resources revenue growthConocoPhillips revenue growthCanadian Natural Resources free cash flowConocoPhillips free cash flow
Canadian Natural Resources & ConocoPhillips appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.