Canadian Natural Resources Limited (CNQ) vs Marathon Petroleum Corporation (MPC)
A side-by-side comparison of Canadian Natural Resources Limited and Marathon Petroleum Corporation 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
MPC
Marathon Petroleum Corporation
$395.93EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — CNQ vs MPC
growth of $100 · dividends reinvested · last 10yCNQ +437.6% (+18.3%/yr)MPC +1111.1% (+28.3%/yr)MPC compounded faster over this window
CNQ MPC
CNQ vs MPC: by the numbers
- •MPC is the larger company ($115.59B vs $104.43B market cap).
- •CNQ trades at the lower trailing earnings multiple (12.42 vs 13.63 P/E), one valuation lens rather than an overall verdict.
- •CNQ converts more revenue to profit (24.42% vs 5.56% net margin).
- •CNQ grew revenue faster over the past five years (13.77% vs 11.91% CAGR).
- •CNQ pays the higher dividend yield (3.44% vs 1.02%).
Metrics side by side
Valuation
| Metric | CNQ | MPC |
|---|---|---|
| P/E ratio | 12.42 | 13.63 |
| Forward P/E | N/A | 7.63 |
| P/S ratio | 3.02 | 0.75 |
| P/B ratio | 3.17 | 6.06 |
| EV / EBITDA | 6.43 | 9.13 |
| FCF yield | 6.43% | 11.16% |
Profitability
| Metric | CNQ | MPC |
|---|---|---|
| Gross margin | 21.29% | 11.62% |
| Operating margin | 18.62% | 7.95% |
| Net margin | 24.42% | 5.56% |
| ROE | 25.60% | 44.84% |
| ROIC | 13.86% | 14.33% |
Dividends
| Metric | CNQ | MPC |
|---|---|---|
| Dividend yield | 3.44% | 1.02% |
| Payout ratio | 43.36% | 13.77% |
Growth (annualized)
| Metric | CNQ | MPC |
|---|---|---|
| Revenue CAGR (5Y) | 13.77% | 11.91% |
| EPS CAGR (5Y) | 13.65% | 22.12% |
| FCF CAGR (5Y) | 9.62% | 35.87% |
| Total return CAGR (5Y) | 31.28% | 50.50% |
Frequently asked
- Which has the lower trailing P/E, CNQ or MPC?
- CNQ has the lower trailing P/E: CNQ trades at 12.42 and MPC at 13.63. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CNQ or MPC?
- Over the past five years, CNQ grew revenue faster — CNQ at a 13.77% CAGR versus MPC at 11.91%.
- Does CNQ or MPC pay a bigger dividend?
- CNQ yields 3.44% and MPC yields 1.02% based on trailing dividends and the latest price.
- Is CNQ or MPC more profitable?
- CNQ runs the higher net margin — CNQ at 24.42% versus MPC at 5.56%.
- How have CNQ and MPC total returns compared?
- Over the past 10 years, CNQ delivered 18.31% and MPC delivered 28.77% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioMarathon Petroleum P/E ratioCanadian Natural Resources dividend yieldMarathon Petroleum dividend yieldCanadian Natural Resources ROEMarathon Petroleum ROECanadian Natural Resources operating marginMarathon Petroleum operating marginCanadian Natural Resources revenue growthMarathon Petroleum revenue growthCanadian Natural Resources free cash flowMarathon Petroleum free cash flow
Canadian Natural Resources & Marathon Petroleum 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.