Canadian Natural Resources Limited (CNQ) vs Enterprise Products Partners L.P. (EPD)
A side-by-side comparison of Canadian Natural Resources Limited and Enterprise Products Partners L.P. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 4, 2026. Differences are shown without an overall score or investment verdict.
CNQ
Canadian Natural Resources Limited
$48.44EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
EPD
Enterprise Products Partners L.P.
$36.18EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — CNQ vs EPD
growth of $100 · dividends reinvested · last 10yCNQ +391.7% (+17.3%/yr)EPD +167.8% (+10.4%/yr)CNQ compounded faster over this window
CNQ EPD
CNQ vs EPD: by the numbers
- •CNQ is the larger company ($101.03B vs $78.28B market cap).
- •CNQ trades at the lower trailing earnings multiple (12.02 vs 12.56 P/E), one valuation lens rather than an overall verdict.
- •CNQ converts more revenue to profit (24.42% vs 10.77% net margin).
- •CNQ grew revenue faster over the past five years (13.77% vs 12.42% CAGR).
- •EPD pays the higher dividend yield (6.09% vs 3.66%).
Metrics side by side
Valuation
| Metric | CNQ | EPD |
|---|---|---|
| P/E ratio | 12.02 | 12.56 |
| Forward P/E | N/A | 12.05 |
| PEG ratio | N/A | 1.36 |
| P/S ratio | 2.92 | 1.34 |
| P/B ratio | 3.07 | 2.59 |
| EV / EBITDA | 6.24 | 10.75 |
| FCF yield | 6.64% | 4.42% |
Profitability
| Metric | CNQ | EPD |
|---|---|---|
| Gross margin | 21.29% | 13.25% |
| Operating margin | 18.62% | 12.97% |
| Net margin | 24.42% | 10.77% |
| ROE | 25.60% | 20.81% |
| ROIC | 13.86% | 11.34% |
Dividends
| Metric | CNQ | EPD |
|---|---|---|
| Dividend yield | 3.66% | 6.09% |
| Payout ratio | 43.96% | 76.56% |
Growth (annualized)
| Metric | CNQ | EPD |
|---|---|---|
| Revenue CAGR (5Y) | 13.77% | 12.42% |
| EPS CAGR (5Y) | N/A | 9.24% |
| FCF CAGR (5Y) | 9.62% | 2.63% |
| Total return CAGR (5Y) | 27.52% | 18.80% |
Frequently asked
- Which has the lower trailing P/E, CNQ or EPD?
- CNQ has the lower trailing P/E: CNQ trades at 12.02 and EPD at 12.56. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CNQ or EPD?
- Over the past five years, CNQ grew revenue faster — CNQ at a 13.77% CAGR versus EPD at 12.42%.
- Does CNQ or EPD pay a bigger dividend?
- CNQ yields 3.66% and EPD yields 6.09% based on trailing dividends and the latest price.
- Is CNQ or EPD more profitable?
- CNQ runs the higher net margin — CNQ at 24.42% versus EPD at 10.77%.
- How have CNQ and EPD total returns compared?
- Over the past 10 years, CNQ delivered 17.26% and EPD delivered 10.26% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioEnterprise Products Partners L.P. P/E ratioCanadian Natural Resources dividend yieldEnterprise Products Partners L.P. dividend yieldCanadian Natural Resources ROEEnterprise Products Partners L.P. ROECanadian Natural Resources operating marginEnterprise Products Partners L.P. operating marginCanadian Natural Resources revenue growthEnterprise Products Partners L.P. revenue growthCanadian Natural Resources free cash flowEnterprise Products Partners L.P. free cash flow
Canadian Natural Resources & Enterprise Products Partners L.P. 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 October 4, 2026.