Canadian Natural Resources Limited (CNQ) vs ConocoPhillips (COP)
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 July 28, 2026. Differences are shown without an overall score or investment verdict.
CNQ
Canadian Natural Resources Limited
$44.19EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT
COP
ConocoPhillips
$114.10EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — CNQ vs COP
growth of $100 · dividends reinvested · last 26yCNQ +5015.8%COP +1394.9%CNQ compounded faster
CNQ COP
CNQ vs COP: by the numbers
- •COP is the larger company ($139.01B vs $92.17B market cap).
- •CNQ trades at the lower trailing earnings multiple (13.26 vs 19.66 P/E), one valuation lens rather than an overall verdict.
- •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 (3.90% vs 2.86%).
Metrics side by side
Valuation
| Metric | CNQ | COP |
|---|---|---|
| P/E ratio | 13.26 | 19.66 |
| Forward P/E | 10.93 | 12.11 |
| P/S ratio | 3.18 | 2.43 |
| P/B ratio | 4.07 | 2.19 |
| PEG ratio | 0.11 | N/A |
| EV / EBITDA | 7.00 | 7.09 |
| FCF yield | 4.78% | 10.87% |
Profitability
| Metric | CNQ | COP |
|---|---|---|
| Gross margin | 21.29% | 29.18% |
| Operating margin | 18.62% | 18.28% |
| Net margin | 23.94% | 12.56% |
| ROE | 30.65% | 11.34% |
| ROIC | 7.95% | 6.54% |
Dividends
| Metric | CNQ | COP |
|---|---|---|
| Dividend yield | 3.90% | 2.86% |
| Payout ratio | 46.44% | 51.89% |
Growth (annualized)
| Metric | CNQ | COP |
|---|---|---|
| Revenue CAGR (5Y) | 14.46% | 20.71% |
| EPS CAGR (5Y) | 13.65% | N/A |
| FCF CAGR (5Y) | 13.93% | 97.59% |
| Total return CAGR (5Y) | 28.83% | 19.25% |
Frequently asked
- Which has the lower trailing P/E, CNQ or COP?
- CNQ has the lower trailing P/E: CNQ trades at 13.26 and COP at 19.66. P/E is one valuation measure and does not by itself establish which business is cheaper.
- 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 3.90% and COP yields 2.86% 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%.
- How have CNQ and COP total returns compared?
- Over the past 10 years, CNQ delivered 17.19% and COP delivered 14.52% annualized total return. 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 July 28, 2026.