CNQ vs. DTM: Canadian Natural Resources vs. DT Midstream Stock Comparison
How do Canadian Natural Resources (CNQ) and DT Midstream (DTM) 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
Canadian Natural Resources (CNQ) and DT Midstream (DTM) both belong to the Oil, Gas & Consumable Fuels industry, though CNQ is classified under Oil & Gas Exploration & Production while DTM falls under Oil & Gas Storage & Transportation.
Canadian Natural Resources (CNQ) has more than two decades of public-market history since July 31, 2000, whereas DT Midstream (DTM) listed on July 1, 2021 and has a much shorter record to draw on.
| Profile Item | CNQ | DTM |
|---|---|---|
| Name | Canadian Natural Resources Ltd. | DT Midstream, Inc. |
| Country/Region | Canada | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Exploration & Production | Oil & Gas Storage & Transportation |
| Market Capitalization | 98.81 billion USD | 11.60 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 31, 2000 | July 1, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CNQ | DTM |
|---|---|---|
| Total Return (1Y) | 56.47% | 4.08% |
| Total Return (3Y, Annualized) | 19.27% | 32.58% |
| Total Return (5Y, Annualized) | 23.01% | 23.68% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CNQ | DTM |
|---|---|---|
| Volatility (1Y, Annualized) | 32.07% | 23.13% |
| Beta (5Y) | 0.48 | 0.75 |
| Max Drawdown (5Y) | -35.85% | -24.59% |
| Avg. Volume (3M) | 6.32M | 983.33K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CNQ | DTM |
|---|---|---|
| Sharpe Ratio (1Y) | 1.63 | -0.01 |
| Sortino Ratio (1Y) | 2.31 | -0.01 |
Profitability
ROE (TTM)
Canadian Natural Resources (CNQ) at 32.39% sits in the top ROE quartile, while DT Midstream (DTM) at 9.92% is closer to the peer norm — stronger capital efficiency for CNQ.
CNQ
Energy industry group
32.39%
- Max
- 53.85%
- CNQ
- 32.39%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
DTM
Energy industry group
9.92%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- DTM
- 9.92%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
For every dollar of sales, both Canadian Natural Resources (CNQ) at 29.51% and DT Midstream (DTM) at 35.36% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
CNQ
Energy industry group
29.51%
- Max
- 56.92%
- CNQ
- 29.51%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
DTM
Energy industry group
35.36%
- Max
- 56.92%
- DTM
- 35.36%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
DT Midstream (DTM) at 49.11% operates in the top operating margin quartile, ahead of Canadian Natural Resources (CNQ) at 32.24%, which runs around its industry’s norm.
CNQ
Energy industry group
32.24%
- Max
- 71.31%
- Q3
- 33.75%
- CNQ
- 32.24%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
DTM
Energy industry group
49.11%
- Max
- 71.31%
- DTM
- 49.11%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CNQ | DTM |
|---|---|---|
| ROE (TTM) | 32.39% | 9.92% |
| ROA (TTM) | 9.97% | 4.05% |
| Net Margin (TTM) | 29.51% | 35.36% |
| Operating Margin (TTM) | 32.24% | 49.11% |
| Gross Margin (TTM) | 52.92% | 75.38% |
Growth
Revenue Growth
DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Canadian Natural Resources (CNQ) at 6.40% is closer to the peer norm — faster top-line expansion for DTM.
EPS Growth
Canadian Natural Resources (CNQ) at 81.05% sits in the top EPS growth quartile, while DT Midstream (DTM) at 19.44% is closer to the peer norm — faster per-share earnings growth for CNQ.
Growth Metrics
| Metric | CNQ | DTM |
|---|---|---|
| Revenue Growth (YoY) | 6.40% | 26.71% |
| Revenue Growth (3Y CAGR) | -3.75% | 10.55% |
| EPS Growth (YoY) | 81.05% | 19.44% |
| EPS Growth (3Y CAGR) | 2.73% | 4.12% |
Financial Strength
Current Ratio (MRQ)
Both Canadian Natural Resources (CNQ) at 0.99 and DT Midstream (DTM) at 1.16 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
CNQ
Energy industry group
0.99
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- CNQ
- 0.99
- Q1
- 0.88
- Min
- 0.24
DTM
Energy industry group
1.16
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- DTM
- 1.16
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Both Canadian Natural Resources (CNQ) at 0.42 and DT Midstream (DTM) at 0.67 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
CNQ
Energy industry group
0.42
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- CNQ
- 0.42
- Q1
- 0.30
- Min
- 0.00
DTM
Energy industry group
0.67
- Max
- 1.75
- Q3
- 0.93
- DTM
- 0.67
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | CNQ | DTM |
|---|---|---|
| Current Ratio (MRQ) | 0.99 | 1.16 |
| Debt / Equity (MRQ) | 0.42 | 0.67 |
| Net Debt / EBITDA | 0.67 | 3.30 |
Dividends
Dividend Yield (TTM)
Canadian Natural Resources (CNQ) at 5.03% delivers top-quartile income for its industry, while DT Midstream (DTM) at 3.07% pays a more typical yield — both are credible income propositions, CNQ the richer one.
CNQ
Energy industry group
5.03%
- Max
- 8.57%
- CNQ
- 5.03%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
DTM
Energy industry group
3.07%
- Max
- 8.57%
- Q3
- 3.58%
- DTM
- 3.07%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Canadian Natural Resources (CNQ) at 36.37% pays out a band-typical share of earnings, while DT Midstream (DTM) at 75.38% distributes more than its industry norm — less retained, thinner cover.
CNQ
Energy industry group
36.37%
- Max
- 133.24%
- Q3
- 53.31%
- CNQ
- 36.37%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
DTM
Energy industry group
75.38%
- Max
- 133.24%
- DTM
- 75.38%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CNQ | DTM |
|---|---|---|
| Dividend Yield (TTM) | 5.03% | 3.07% |
| Dividend Payout Ratio (TTM) | 36.37% | 75.38% |
Valuation
P/E Ratio (TTM)
Canadian Natural Resources (CNQ) at 9.95 is near its industry’s usual P/E ratio, while DT Midstream (DTM) at 24.76 sits in the richer quartile — DTM needs stronger growth or earnings quality to justify the premium.
CNQ
Energy industry group
9.95
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- CNQ
- 9.95
- Q1
- 7.71
- Min
- 2.99
DTM
Energy industry group
24.76
- Max
- 39.54
- DTM
- 24.76
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Canadian Natural Resources (CNQ) at 2.06 prices around its industry’s typical P/S ratio, while DT Midstream (DTM) at 8.70 clears its benchmark range — DTM looks notably rich on sales.
CNQ
Energy industry group
2.06
- Max
- 5.40
- Q3
- 2.85
- CNQ
- 2.06
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
DTM
Energy industry group
8.70
- DTM
- 8.70
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Both Canadian Natural Resources (CNQ) at 2.97 and DT Midstream (DTM) at 2.41 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
CNQ
Energy industry group
2.97
- Max
- 4.21
- CNQ
- 2.97
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
DTM
Energy industry group
2.41
- Max
- 4.21
- DTM
- 2.41
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CNQ | DTM |
|---|---|---|
| P/E Ratio (TTM) | 9.95 | 24.76 |
| P/S Ratio (TTM) | 2.06 | 8.70 |
| P/B Ratio (MRQ) | 2.97 | 2.41 |
| Free Cash Flow Yield (TTM) | 12.33% | 2.27% |