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 September 11, 2026. Differences are shown without an overall score or investment verdict.
CNQ
Canadian Natural Resources Limited
$50.07EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
COP
ConocoPhillips
$137.35EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — CNQ vs COP
growth of $100 · dividends reinvested · last 10yCNQ +459.2% (+18.8%/yr)COP +381.0% (+17.0%/yr)CNQ compounded faster over this window
CNQ COP
CNQ vs COP: by the numbers
- •COP is the larger company ($167.33B vs $104.43B market cap).
- •CNQ trades at the lower trailing earnings multiple (12.42 vs 18.19 P/E), one valuation lens rather than an overall verdict.
- •CNQ converts more revenue to profit (24.42% vs 14.65% net margin).
- •COP grew revenue faster over the past five years (16.71% vs 13.77% CAGR).
- •CNQ pays the higher dividend yield (3.44% vs 2.45%).
Metrics side by side
Valuation
| Metric | CNQ | COP |
|---|---|---|
| P/E ratio | 12.42 | 18.19 |
| Forward P/E | N/A | 13.33 |
| P/S ratio | 3.02 | 2.64 |
| P/B ratio | 3.17 | 2.56 |
| EV / EBITDA | 6.43 | 7.11 |
| FCF yield | 6.43% | 3.74% |
Profitability
| Metric | CNQ | COP |
|---|---|---|
| Gross margin | 21.29% | 27.68% |
| Operating margin | 18.62% | 21.92% |
| Net margin | 24.42% | 14.65% |
| ROE | 25.60% | 14.20% |
| ROIC | 13.86% | 7.85% |
Dividends
| Metric | CNQ | COP |
|---|---|---|
| Dividend yield | 3.44% | 2.45% |
| Payout ratio | 43.36% | 44.50% |
Growth (annualized)
| Metric | CNQ | COP |
|---|---|---|
| Revenue CAGR (5Y) | 13.77% | 16.71% |
| EPS CAGR (5Y) | 13.65% | N/A |
| FCF CAGR (5Y) | 9.62% | 35.98% |
| Total return CAGR (5Y) | 31.28% | 24.14% |
Frequently asked
- Which has the lower trailing P/E, CNQ or COP?
- CNQ has the lower trailing P/E: CNQ trades at 12.42 and COP at 18.19. 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 13.77% CAGR versus COP at 16.71%.
- Does CNQ or COP pay a bigger dividend?
- CNQ yields 3.44% and COP yields 2.45% based on trailing dividends and the latest price.
- Is CNQ or COP more profitable?
- CNQ runs the higher net margin — CNQ at 24.42% versus COP at 14.65%.
- How have CNQ and COP total returns compared?
- Over the past 10 years, CNQ delivered 18.31% and COP delivered 16.08% 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 September 11, 2026.