Canadian Natural Resources Limited (CNQ) vs Kinder Morgan, Inc. (KMI)
CNQ leads on 12 of 17 compared metrics.
A side-by-side comparison of Canadian Natural Resources Limited and Kinder Morgan, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CNQ vs KMI
growth of $100 · last 15yCNQ +93.3%KMI +3.9%CNQ compounded faster
CNQ KMI
CNQ vs KMI: by the numbers
- •CNQ is the larger company ($87.16B vs $71.75B market cap).
- •CNQ trades at the lower earnings multiple (12.37 vs 21.64 P/E).
- •CNQ converts more revenue to profit (23.94% vs 18.92% net margin).
- •CNQ grew revenue faster over the past five years (14.46% vs 4.10% CAGR).
- •CNQ pays the higher dividend yield (4.19% vs 3.64%).
Which is better, CNQ or KMI?
Metric tally: CNQ 12 · KMI 5It depends on what you're optimizing for:
ValueCNQ(lower P/E)
GrowthCNQ(faster 5Y revenue CAGR)
IncomeCNQ(higher dividend yield)
QualityCNQ(higher ROIC)
Metrics side by side
Valuation
| Metric | CNQ | KMI |
|---|---|---|
| P/E ratio | 12.37● | 21.64 |
| Forward P/E | 8.42● | 21.49 |
| P/S ratio | 2.97● | 4.09 |
| P/B ratio | 3.80 | 2.29● |
| PEG ratio | 0.11● | 1.17 |
| EV / EBITDA | 6.01● | 13.23 |
| FCF yield | 5.12% | 5.42%● |
Profitability
| Metric | CNQ | KMI |
|---|---|---|
| Gross margin | 30.69% | 46.95%● |
| Operating margin | 26.74% | 28.61%● |
| Net margin | 23.94%● | 18.92% |
| ROE | 30.65%● | 10.58% |
| ROIC | 7.95%● | 5.33% |
Dividends
| Metric | CNQ | KMI |
|---|---|---|
| Dividend yield | 4.19%● | 3.64% |
| Payout ratio | 46.48% | 85.77% |
Growth (annualized)
| Metric | CNQ | KMI |
|---|---|---|
| Revenue CAGR (5Y) | 14.46%● | 4.10% |
| EPS CAGR (5Y) | 13.65% | 96.49%● |
| FCF CAGR (5Y) | 13.93%● | -0.53% |
| Total return CAGR (5Y) | 23.82%● | 18.50% |
Frequently asked
- Which is better, CNQ or KMI?
- It depends on your goal. value: CNQ (lower P/E); growth: CNQ (faster 5Y revenue CAGR); income: CNQ (higher dividend yield); quality: CNQ (higher ROIC). Across all compared metrics, CNQ leads 12 to 5.
- Is CNQ or KMI cheaper?
- On trailing earnings, CNQ is cheaper: CNQ trades at a 12.37 P/E and KMI at 21.64.
- Which has grown faster, CNQ or KMI?
- Over the past five years, CNQ grew revenue faster — CNQ at a 14.46% CAGR versus KMI at 4.10%.
- Does CNQ or KMI pay a bigger dividend?
- CNQ yields 4.19% and KMI yields 3.64% based on trailing dividends and the latest price.
- Is CNQ or KMI more profitable?
- CNQ runs the higher net margin — CNQ at 23.94% versus KMI at 18.92%.
- Which has been the better investment, CNQ or KMI?
- Over the past 10-year, CNQ delivered the higher annualized total return — CNQ at 16.28% versus KMI at 11.22%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioKinder Morgan P/E ratioCanadian Natural Resources dividend yieldKinder Morgan dividend yieldCanadian Natural Resources ROEKinder Morgan ROECanadian Natural Resources operating marginKinder Morgan operating marginCanadian Natural Resources revenue growthKinder Morgan revenue growthCanadian Natural Resources free cash flowKinder Morgan free cash flow
Canadian Natural Resources & Kinder Morgan 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 23, 2026.