Canadian Natural Resources Limited (CNQ) vs Phillips 66 (PSX)
A side-by-side comparison of Canadian Natural Resources Limited and Phillips 66 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
PSX
Phillips 66
$259.47EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — CNQ vs PSX
growth of $100 · dividends reinvested · last 10yCNQ +429.8% (+18.1%/yr)PSX +375.6% (+16.9%/yr)CNQ compounded faster over this window
CNQ PSX
CNQ vs PSX: by the numbers
- •CNQ is the larger company ($104.43B vs $104.03B market cap).
- •CNQ trades at the lower trailing earnings multiple (12.42 vs 14.78 P/E), one valuation lens rather than an overall verdict.
- •CNQ converts more revenue to profit (24.42% vs 4.62% net margin).
- •CNQ grew revenue faster over the past five years (13.77% vs 13.56% CAGR).
- •CNQ pays the higher dividend yield (3.44% vs 1.92%).
Metrics side by side
Valuation
| Metric | CNQ | PSX |
|---|---|---|
| P/E ratio | 12.42 | 14.78 |
| Forward P/E | N/A | 9.89 |
| P/S ratio | 3.02 | 0.68 |
| P/B ratio | 3.17 | 3.30 |
| EV / EBITDA | 6.43 | 9.23 |
| FCF yield | 6.43% | 6.15% |
Profitability
| Metric | CNQ | PSX |
|---|---|---|
| Gross margin | 21.29% | 9.78% |
| Operating margin | 18.62% | 6.67% |
| Net margin | 24.42% | 4.62% |
| ROE | 25.60% | 22.51% |
| ROIC | 13.86% | 12.71% |
Dividends
| Metric | CNQ | PSX |
|---|---|---|
| Dividend yield | 3.44% | 1.92% |
| Payout ratio | 43.36% | 28.55% |
Growth (annualized)
| Metric | CNQ | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 13.77% | 13.56% |
| EPS CAGR (5Y) | 13.65% | 8.08% |
| FCF CAGR (5Y) | 9.62% | 35.99% |
| Total return CAGR (5Y) | 31.28% | 36.23% |
Frequently asked
- Which has the lower trailing P/E, CNQ or PSX?
- CNQ has the lower trailing P/E: CNQ trades at 12.42 and PSX at 14.78. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CNQ or PSX?
- Over the past five years, CNQ grew revenue faster — CNQ at a 13.77% CAGR versus PSX at 13.56%.
- Does CNQ or PSX pay a bigger dividend?
- CNQ yields 3.44% and PSX yields 1.92% based on trailing dividends and the latest price.
- Is CNQ or PSX more profitable?
- CNQ runs the higher net margin — CNQ at 24.42% versus PSX at 4.62%.
- How have CNQ and PSX total returns compared?
- Over the past 10 years, CNQ delivered 18.31% and PSX delivered 17.13% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioPhillips 66 P/E ratioCanadian Natural Resources dividend yieldPhillips 66 dividend yieldCanadian Natural Resources ROEPhillips 66 ROECanadian Natural Resources operating marginPhillips 66 operating marginCanadian Natural Resources revenue growthPhillips 66 revenue growthCanadian Natural Resources free cash flowPhillips 66 free cash flow
Canadian Natural Resources & Phillips 66 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.