Which has the lower trailing P/E, CNQ or VLO?

CNQ has the lower trailing P/E: CNQ trades at 12.42 and VLO at 16.19. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CNQ or VLO?

Over the past five years, CNQ grew revenue faster — CNQ at a 13.77% CAGR versus VLO at 10.43%.

Does CNQ or VLO pay a bigger dividend?

CNQ yields 3.44% and VLO yields 1.22% based on trailing dividends and the latest price.

Is CNQ or VLO more profitable?

CNQ runs the higher net margin — CNQ at 24.42% versus VLO at 5.43%.

How have CNQ and VLO total returns compared?

Over the past 10 years, CNQ delivered 18.31% and VLO delivered 26.44% annualized total return. Past performance doesn't predict future results.

Canadian Natural Resources Limited (CNQ) vs Valero Energy Corporation (VLO)

A side-by-side comparison of Canadian Natural Resources Limited and Valero Energy 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

$104.43B

$50.07EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT

VLO

Valero Energy Corporation

$112.41B

$390.42EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — CNQ vs VLO

growth of $100 · dividends reinvested · last 10y

CNQ +429.8% (+18.1%/yr)VLO +921.9% (+26.2%/yr)VLO compounded faster over this window

CNQ VLO

CNQ vs VLO: by the numbers

•VLO is the larger company ($112.41B vs $104.43B market cap).
•CNQ trades at the lower trailing earnings multiple (12.42 vs 16.19 P/E), one valuation lens rather than an overall verdict.
•CNQ converts more revenue to profit (24.42% vs 5.43% net margin).
•CNQ grew revenue faster over the past five years (13.77% vs 10.43% CAGR).
•CNQ pays the higher dividend yield (3.44% vs 1.22%).

Metrics side by side

Valuation

Metric	CNQ	VLO
P/E ratio	12.42	16.19
Forward P/E	N/A	8.91
P/S ratio	3.02	0.85
P/B ratio	3.17	4.50
EV / EBITDA	6.43	8.85
FCF yield	6.43%	9.00%

Profitability

Metric	CNQ	VLO
Gross margin	21.29%	11.33%
Operating margin	18.62%	7.53%
Net margin	24.42%	5.43%
ROE	25.60%	28.85%
ROIC	13.86%	16.52%

Dividends

Metric	CNQ	VLO
Dividend yield	3.44%	1.22%
Payout ratio	43.36%	19.62%

Growth (annualized)

Metric	CNQ	VLO
Revenue CAGR (5Y)	13.77%	10.43%
EPS CAGR (5Y)	13.65%	4.39%
FCF CAGR (5Y)	9.62%	75.39%
Total return CAGR (5Y)	31.28%	48.27%

Frequently asked

Which has the lower trailing P/E, CNQ or VLO?: CNQ has the lower trailing P/E: CNQ trades at 12.42 and VLO at 16.19. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CNQ or VLO?: Over the past five years, CNQ grew revenue faster — CNQ at a 13.77% CAGR versus VLO at 10.43%.
Does CNQ or VLO pay a bigger dividend?: CNQ yields 3.44% and VLO yields 1.22% based on trailing dividends and the latest price.
Is CNQ or VLO more profitable?: CNQ runs the higher net margin — CNQ at 24.42% versus VLO at 5.43%.
How have CNQ and VLO total returns compared?: Over the past 10 years, CNQ delivered 18.31% and VLO delivered 26.44% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CNQ analysis Full VLO analysis Interactive comparison tool

Dig into the metrics

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

Canadian Natural Resources & Valero Energy appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks Highest 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 September 11, 2026.