Canadian Natural Resources Limited (CNQ) vs EOG Resources, Inc. (EOG)
A side-by-side comparison of Canadian Natural Resources Limited and EOG Resources, Inc. 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
EOG
EOG Resources, Inc.
$147.36EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — CNQ vs EOG
growth of $100 · dividends reinvested · last 10yCNQ +459.2% (+18.8%/yr)EOG +125.5% (+8.5%/yr)CNQ compounded faster over this window
CNQ EOG
CNQ vs EOG: by the numbers
- •CNQ is the larger company ($104.43B vs $78.49B market cap).
- •EOG trades at the lower trailing earnings multiple (11.47 vs 12.42 P/E), one valuation lens rather than an overall verdict.
- •EOG converts more revenue to profit (25.71% vs 24.42% net margin).
- •EOG grew revenue faster over the past five years (14.29% vs 13.77% CAGR).
- •CNQ pays the higher dividend yield (3.44% vs 2.77%).
Metrics side by side
Valuation
| Metric | CNQ | EOG |
|---|---|---|
| P/E ratio | 12.42 | 11.47 |
| Forward P/E | N/A | 8.88 |
| P/S ratio | 3.02 | 2.93 |
| P/B ratio | 3.17 | 2.46 |
| EV / EBITDA | 6.43 | 5.25 |
| FCF yield | 6.43% | 8.57% |
Profitability
| Metric | CNQ | EOG |
|---|---|---|
| Gross margin | 21.29% | 70.20% |
| Operating margin | 18.62% | 39.07% |
| Net margin | 24.42% | 25.71% |
| ROE | 25.60% | 21.58% |
| ROIC | 13.86% | 16.57% |
Dividends
| Metric | CNQ | EOG |
|---|---|---|
| Dividend yield | 3.44% | 2.77% |
| Payout ratio | 43.36% | 31.75% |
Growth (annualized)
| Metric | CNQ | EOG |
|---|---|---|
| Revenue CAGR (5Y) | 13.77% | 14.29% |
| EPS CAGR (5Y) | 13.65% | 11.64% |
| FCF CAGR (5Y) | 9.62% | 21.93% |
| Total return CAGR (5Y) | 31.28% | 22.72% |
Frequently asked
- Which has the lower trailing P/E, CNQ or EOG?
- EOG has the lower trailing P/E: CNQ trades at 12.42 and EOG at 11.47. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CNQ or EOG?
- Over the past five years, EOG grew revenue faster — CNQ at a 13.77% CAGR versus EOG at 14.29%.
- Does CNQ or EOG pay a bigger dividend?
- CNQ yields 3.44% and EOG yields 2.77% based on trailing dividends and the latest price.
- Is CNQ or EOG more profitable?
- EOG runs the higher net margin — CNQ at 24.42% versus EOG at 25.71%.
- How have CNQ and EOG total returns compared?
- Over the past 10 years, CNQ delivered 18.31% and EOG delivered 8.20% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioEOG Resources P/E ratioCanadian Natural Resources dividend yieldEOG Resources dividend yieldCanadian Natural Resources ROEEOG Resources ROECanadian Natural Resources operating marginEOG Resources operating marginCanadian Natural Resources revenue growthEOG Resources revenue growthCanadian Natural Resources free cash flowEOG Resources free cash flow
Canadian Natural Resources & EOG Resources 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.