Canadian Natural Resources Limited (CNQ) vs Phillips 66 (PSX)
CNQ leads on 13 of 17 compared metrics.
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 June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CNQ vs PSX
growth of $100 · last 14yCNQ +191.5%PSX +427.8%PSX compounded faster
CNQ PSX
CNQ vs PSX: by the numbers
- •CNQ is the larger company ($94.48B vs $71.95B market cap).
- •CNQ trades at the lower earnings multiple (13.41 vs 17.68 P/E).
- •CNQ converts more revenue to profit (23.94% vs 3.04% net margin).
- •PSX grew revenue faster over the past five years (15.79% vs 14.46% CAGR).
- •CNQ pays the higher dividend yield (2.89% vs 2.75%).
Which is better, CNQ or PSX?
Metric tally: CNQ 13 · PSX 4It depends on what you're optimizing for:
ValueCNQ(lower P/E)
GrowthPSX(faster 5Y revenue CAGR)
IncomeCNQ(higher dividend yield)
QualityCNQ(higher ROIC)
Valuation
| Metric | CNQ | PSX |
|---|---|---|
| P/E ratio | 13.41● | 17.68 |
| Forward P/E | 9.17● | 10.53 |
| P/S ratio | 3.22 | 0.53● |
| P/B ratio | 4.12 | 2.54● |
| PEG ratio | 0.11 | 0.10● |
| EV / EBITDA | 6.46● | 10.27 |
| FCF yield | 4.72%● | 0.16% |
Profitability
| Metric | CNQ | PSX |
|---|---|---|
| Gross margin | 30.69%● | 7.04% |
| Operating margin | 26.74%● | 4.67% |
| Net margin | 23.94%● | 3.04% |
| ROE | 30.65%● | 14.45% |
| ROIC | 7.95%● | 4.75% |
Dividends
| Metric | CNQ | PSX |
|---|---|---|
| Dividend yield | 2.89%● | 2.75% |
| Payout ratio | 34.74% | 45.57% |
Growth (annualized)
| Metric | CNQ | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 14.46% | 15.79%● |
| EPS CAGR (5Y) | 13.65%● | 8.08% |
| FCF CAGR (5Y) | 13.93%● | -16.26% |
| Total return CAGR (5Y) | 25.57%● | 18.98% |
Frequently asked
- Which is better, CNQ or PSX?
- It depends on your goal. value: CNQ (lower P/E); growth: PSX (faster 5Y revenue CAGR); income: CNQ (higher dividend yield); quality: CNQ (higher ROIC). Across all compared metrics, CNQ leads 13 to 4.
- Is CNQ or PSX cheaper?
- On trailing earnings, CNQ is cheaper: CNQ trades at a 13.41 P/E and PSX at 17.68.
- Which has grown faster, CNQ or PSX?
- Over the past five years, PSX grew revenue faster — CNQ at a 14.46% CAGR versus PSX at 15.79%.
- Does CNQ or PSX pay a bigger dividend?
- CNQ yields 2.89% and PSX yields 2.75% based on trailing dividends and the latest price.
- Is CNQ or PSX more profitable?
- CNQ runs the higher net margin — CNQ at 23.94% versus PSX at 3.04%.
- Which has been the better investment, CNQ or PSX?
- Over the past 10-year, CNQ delivered the higher annualized total return — CNQ at 17.67% versus PSX at 12.55%. 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 June 14, 2026.