Is CNQ or MPC cheaper?

On trailing earnings, CNQ is cheaper: CNQ trades at a 13.41 P/E and MPC at 17.19.

Which has grown faster, CNQ or MPC?

Over the past five years, CNQ grew revenue faster — CNQ at a 14.46% CAGR versus MPC at 14.07%.

Does CNQ or MPC pay a bigger dividend?

CNQ yields 2.89% and MPC yields 1.48% based on trailing dividends and the latest price.

Is CNQ or MPC more profitable?

CNQ runs the higher net margin — CNQ at 23.94% versus MPC at 3.41%.

Which has been the better investment, CNQ or MPC?

Over the past 10-year, MPC delivered the higher annualized total return — CNQ at 17.67% versus MPC at 25.67%. Past performance doesn't predict future results.

Canadian Natural Resources Limited (CNQ) vs Marathon Petroleum Corporation (MPC)

CNQ leads on 12 of 17 compared metrics.

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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CNQ

Canadian Natural Resources Limited

$94.49B

$45.30Energy

MPC

Marathon Petroleum Corporation

$76.95B

$263.58Energy

Total return — CNQ vs MPC

growth of $100 · last 15y

CNQ +136.9%MPC +1314.8%MPC compounded faster

Log scale — wide-divergence pair

CNQ MPC

CNQ vs MPC: by the numbers

•CNQ is the larger company ($94.49B vs $76.95B market cap).
•CNQ trades at the lower earnings multiple (13.41 vs 17.19 P/E).
•CNQ converts more revenue to profit (23.94% vs 3.41% net margin).
•CNQ grew revenue faster over the past five years (14.46% vs 14.07% CAGR).
•CNQ pays the higher dividend yield (2.89% vs 1.48%).

Which is better, CNQ or MPC?

Metric tally: CNQ 12 · MPC 5

It depends on what you're optimizing for:

ValueCNQ(lower P/E)

GrowthCNQ(faster 5Y revenue CAGR)

IncomeCNQ(higher dividend yield)

QualityCNQ(higher ROIC)

Valuation

Metric	CNQ	MPC
P/E ratio	13.41●	17.19
Forward P/E	9.16●	11.24
P/S ratio	3.22	0.57●
P/B ratio	4.12●	4.64
PEG ratio	0.11●	0.39
EV / EBITDA	6.46●	8.87
FCF yield	4.72%	7.33%●

Profitability

Metric	CNQ	MPC
Gross margin	30.69%●	8.80%
Operating margin	26.74%●	5.02%
Net margin	23.94%●	3.41%
ROE	30.65%●	27.65%
ROIC	7.95%●	7.03%

Dividends

Metric	CNQ	MPC
Dividend yield	2.89%●	1.48%
Payout ratio	34.74%	29.46%

Growth (annualized)

Metric	CNQ	MPC
Revenue CAGR (5Y)	14.46%●	14.07%
EPS CAGR (5Y)	13.65%	22.12%●
FCF CAGR (5Y)	13.93%	30.60%●
Total return CAGR (5Y)	25.57%	36.26%●

Frequently asked

Which is better, CNQ or MPC?: 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 MPC cheaper?: On trailing earnings, CNQ is cheaper: CNQ trades at a 13.41 P/E and MPC at 17.19.
Which has grown faster, CNQ or MPC?: Over the past five years, CNQ grew revenue faster — CNQ at a 14.46% CAGR versus MPC at 14.07%.
Does CNQ or MPC pay a bigger dividend?: CNQ yields 2.89% and MPC yields 1.48% based on trailing dividends and the latest price.
Is CNQ or MPC more profitable?: CNQ runs the higher net margin — CNQ at 23.94% versus MPC at 3.41%.
Which has been the better investment, CNQ or MPC?: Over the past 10-year, MPC delivered the higher annualized total return — CNQ at 17.67% versus MPC at 25.67%. Past performance doesn't predict future results.

Go deeper

Full CNQ analysis Full MPC analysis Interactive comparison tool

Dig into the metrics

Canadian Natural Resources P/E ratio Marathon Petroleum P/E ratio Canadian Natural Resources dividend yield Marathon Petroleum dividend yield Canadian Natural Resources ROE Marathon Petroleum ROE Canadian Natural Resources operating margin Marathon Petroleum operating margin Canadian Natural Resources revenue growth Marathon Petroleum revenue growth Canadian Natural Resources free cash flow Marathon Petroleum free cash flow

Canadian Natural Resources & Marathon Petroleum appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks Best 10-Year Total Return Stocks

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 13, 2026.