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CCJ vs. CNQ: Cameco vs. Canadian Natural Resources Stock Comparison

How do Cameco (CCJ) and Canadian Natural Resources (CNQ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cameco (CCJ) and Canadian Natural Resources (CNQ) both belong to the Oil, Gas & Consumable Fuels industry, though CCJ is classified under Coal & Consumable Fuels while CNQ falls under Oil & Gas Exploration & Production.

Company profile comparison for Cameco (CCJ) and Canadian Natural Resources (CNQ)
Profile ItemCCJCNQ
NameCameco CorporationCanadian Natural Resources Ltd.
Country/RegionCanadaCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryCoal & Consumable FuelsOil & Gas Exploration & Production
Market Capitalization31.05 billion USD98.81 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 14, 1996July 31, 2000
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CCJ
CNQ
GSPC
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cameco (CCJ) and Canadian Natural Resources (CNQ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cameco (CCJ) and Canadian Natural Resources (CNQ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
Total Return (1Y)-18.97%56.47%
Total Return (3Y, Annualized)21.14%19.27%
Total Return (5Y, Annualized)22.20%23.01%

Risk Profile

Drawdown History

CCJ
CNQ
GSPC
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cameco (CCJ) and Canadian Natural Resources (CNQ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
Volatility (1Y, Annualized)51.10%32.07%
Beta (5Y)1.180.48
Max Drawdown (5Y)-49.04%-35.85%
Avg. Volume (3M)3.27M6.32M

Risk-Adjusted Performance

Risk-Return Positioning

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CCJ and CNQ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
Sharpe Ratio (1Y)-0.461.63
Sortino Ratio (1Y)-0.642.31

Profitability

ROE (TTM)

Canadian Natural Resources (CNQ) at 32.39% sits in the top ROE quartile, while Cameco (CCJ) at 5.68% is closer to the peer norm — stronger capital efficiency for CNQ.

CCJ

Energy industry group

5.68%

Max
53.85%
Q3
24.79%
Median
12.85%
CCJ
5.68%
Q1
2.03%
Min
-29.09%

CNQ

Energy industry group

32.39%

Max
53.85%
CNQ
32.39%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Canadian Natural Resources (CNQ) at 29.51% retains a top-quartile share of revenue as profit, ahead of Cameco (CCJ) at 11.43%, which keeps about the industry-typical share.

CCJ

Energy industry group

11.43%

Max
56.92%
Q3
22.92%
CCJ
11.43%
Median
10.10%
Q1
0.07%
Min
-27.38%

CNQ

Energy industry group

29.51%

Max
56.92%
CNQ
29.51%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Cameco (CCJ) at 9.23% and Canadian Natural Resources (CNQ) at 32.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CCJ

Energy industry group

9.23%

Max
71.31%
Q3
33.75%
Median
18.73%
CCJ
9.23%
Q1
6.94%
Min
-24.52%

CNQ

Energy industry group

32.24%

Max
71.31%
Q3
33.75%
CNQ
32.24%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
ROE (TTM)5.68%32.39%
ROA (TTM)2.79%9.97%
Net Margin (TTM)11.43%29.51%
Operating Margin (TTM)9.23%32.24%
Gross Margin (TTM)33.83%52.92%

Growth

Revenue Growth

Both Cameco (CCJ) at 11.04% and Canadian Natural Resources (CNQ) at 6.40% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Cameco (CCJ) at 246.15% is the standout with EPS growth above its industry range; Canadian Natural Resources (CNQ) at 81.05% also sits in the top quartile.

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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
Revenue Growth (YoY)11.04%6.40%
Revenue Growth (3Y CAGR)23.07%-3.75%
EPS Growth (YoY)246.15%81.05%
EPS Growth (3Y CAGR)83.08%2.73%

Financial Strength

Current Ratio (MRQ)

Canadian Natural Resources (CNQ) at 0.99 keeps current ratio within its industry’s typical mid-range, while Cameco (CCJ) at 2.55 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CCJ

Energy industry group

2.55

Max
3.64
CCJ
2.55
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24

CNQ

Energy industry group

0.99

Max
3.64
Q3
2.21
Median
1.41
CNQ
0.99
Q1
0.88
Min
0.24
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Cameco (CCJ) at 0.14 keeps leverage in the lower industry quartile, while Canadian Natural Resources (CNQ) at 0.42 runs a more typical debt-to-equity mix.

CCJ

Energy industry group

0.14

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
CCJ
0.14
Min
0.00

CNQ

Energy industry group

0.42

Max
1.75
Q3
0.93
Median
0.54
CNQ
0.42
Q1
0.30
Min
0.00
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
Current Ratio (MRQ)2.550.99
Debt / Equity (MRQ)0.140.42
Net Debt / EBITDA0.190.67

Dividends

Dividend Yield (TTM)

Canadian Natural Resources (CNQ) at 5.03% delivers top-quartile income for its industry, while Cameco (CCJ) at 0.35% pays a more typical yield — both are credible income propositions, CNQ the richer one.

CCJ

Energy industry group

0.35%

Max
8.57%
Q3
3.58%
Median
1.71%
CCJ
0.35%
Q1
0.00%
Min
0.00%

CNQ

Energy industry group

5.03%

Max
8.57%
CNQ
5.03%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cameco (CCJ) at 26.37% and Canadian Natural Resources (CNQ) at 36.37% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CCJ

Energy industry group

26.37%

Max
133.24%
Q3
53.31%
CCJ
26.37%
Median
25.24%
Q1
0.00%
Min
0.00%

CNQ

Energy industry group

36.37%

Max
133.24%
Q3
53.31%
CNQ
36.37%
Median
25.24%
Q1
0.00%
Min
0.00%
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
Dividend Yield (TTM)0.35%5.03%
Dividend Payout Ratio (TTM)26.37%36.37%

Valuation

P/E Ratio (TTM)

Canadian Natural Resources (CNQ) at 9.95 is near its industry’s usual P/E ratio, while Cameco (CCJ) at 108.03 sits above its peer range — an unusually expensive price for CCJ’s trailing earnings.

CCJ

Energy industry group

108.03

CCJ
108.03
Max
39.54
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99

CNQ

Energy industry group

9.95

Max
39.54
Q3
21.72
Median
12.19
CNQ
9.95
Q1
7.71
Min
2.99
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Canadian Natural Resources (CNQ) at 2.06 prices around its industry’s typical P/S ratio, while Cameco (CCJ) at 8.93 clears its benchmark range — CCJ looks notably rich on sales.

CCJ

Energy industry group

8.93

CCJ
8.93
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

CNQ

Energy industry group

2.06

Max
5.40
Q3
2.85
CNQ
2.06
Median
1.69
Q1
0.88
Min
0.00
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Canadian Natural Resources (CNQ) at 2.97 sits in the upper P/B ratio quartile, and Cameco (CCJ) at 6.03 prices even higher, above its industry range.

CCJ

Energy industry group

6.03

CCJ
6.03
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

CNQ

Energy industry group

2.97

Max
4.21
CNQ
2.97
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Cameco (CCJ) vs. Canadian Natural Resources (CNQ): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cameco (CCJ) and Canadian Natural Resources (CNQ)
MetricCCJCNQ
P/E Ratio (TTM)108.039.95
P/S Ratio (TTM)8.932.06
P/B Ratio (MRQ)6.032.97
Free Cash Flow Yield (TTM)0.63%12.33%