Canadian Natural Resources Limited (CNQ) vs ONEOK, Inc. (OKE)
CNQ leads on 10 of 17 compared metrics.
A side-by-side comparison of Canadian Natural Resources Limited and ONEOK, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CNQ vs OKE
growth of $100 · last 26yCNQ +2533.7%OKE +1472.7%CNQ compounded faster
CNQ OKE
CNQ vs OKE: by the numbers
- •CNQ is the larger company ($94.48B vs $57.07B market cap).
- •CNQ trades at the lower earnings multiple (13.41 vs 16.15 P/E).
- •CNQ converts more revenue to profit (23.94% vs 10.04% net margin).
- •OKE grew revenue faster over the past five years (29.16% vs 14.46% CAGR).
- •OKE pays the higher dividend yield (4.64% vs 2.89%).
Which is better, CNQ or OKE?
Metric tally: CNQ 10 · OKE 7It depends on what you're optimizing for:
ValueCNQ(lower P/E)
GrowthOKE(faster 5Y revenue CAGR)
IncomeOKE(higher dividend yield)
QualityOKE(higher ROIC)
Valuation
| Metric | CNQ | OKE |
|---|---|---|
| P/E ratio | 13.41● | 16.15 |
| Forward P/E | 9.17● | 14.62 |
| P/S ratio | 3.22 | 1.63● |
| P/B ratio | 4.12 | 2.56● |
| PEG ratio | 0.11● | 2.95 |
| EV / EBITDA | 6.46● | 11.55 |
| FCF yield | 4.72%● | 3.92% |
Profitability
| Metric | CNQ | OKE |
|---|---|---|
| Gross margin | 30.69%● | 23.95% |
| Operating margin | 26.74%● | 20.26% |
| Net margin | 23.94%● | 10.04% |
| ROE | 30.65%● | 15.80% |
| ROIC | 7.95% | 8.62%● |
Dividends
| Metric | CNQ | OKE |
|---|---|---|
| Dividend yield | 2.89% | 4.64%● |
| Payout ratio | 34.74% | 77.35% |
Growth (annualized)
| Metric | CNQ | OKE |
|---|---|---|
| Revenue CAGR (5Y) | 14.46% | 29.16%● |
| EPS CAGR (5Y) | 13.65% | 30.77%● |
| FCF CAGR (5Y) | 13.93% | 30.73%● |
| Total return CAGR (5Y) | 25.57%● | 16.77% |
Frequently asked
- Which is better, CNQ or OKE?
- It depends on your goal. value: CNQ (lower P/E); growth: OKE (faster 5Y revenue CAGR); income: OKE (higher dividend yield); quality: OKE (higher ROIC). Across all compared metrics, CNQ leads 10 to 7.
- Is CNQ or OKE cheaper?
- On trailing earnings, CNQ is cheaper: CNQ trades at a 13.41 P/E and OKE at 16.15.
- Which has grown faster, CNQ or OKE?
- Over the past five years, OKE grew revenue faster — CNQ at a 14.46% CAGR versus OKE at 29.16%.
- Does CNQ or OKE pay a bigger dividend?
- CNQ yields 2.89% and OKE yields 4.64% based on trailing dividends and the latest price.
- Is CNQ or OKE more profitable?
- CNQ runs the higher net margin — CNQ at 23.94% versus OKE at 10.04%.
- Which has been the better investment, CNQ or OKE?
- Over the past 10-year, CNQ delivered the higher annualized total return — CNQ at 17.67% versus OKE at 13.94%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioONEOK P/E ratioCanadian Natural Resources dividend yieldONEOK dividend yieldCanadian Natural Resources ROEONEOK ROECanadian Natural Resources operating marginONEOK operating marginCanadian Natural Resources revenue growthONEOK revenue growthCanadian Natural Resources free cash flowONEOK free cash flow
Canadian Natural Resources & ONEOK 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 14, 2026.