CNQ vs. DVN: Canadian Natural Resources vs. Devon Energy Stock Comparison
How do Canadian Natural Resources (CNQ) and Devon Energy (DVN) 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 Devon Energy (DVN) are both classified in the Oil & Gas Exploration & Production sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.
| Profile Item | CNQ | DVN |
|---|---|---|
| Name | Canadian Natural Resources Ltd. | Devon Energy Corporation |
| 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 Exploration & Production |
| Market Capitalization | 98.81 billion USD | 48.11 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 31, 2000 | July 22, 1985 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CNQ | DVN |
|---|---|---|
| Total Return (1Y) | 56.47% | 28.98% |
| Total Return (3Y, Annualized) | 19.27% | 1.94% |
| Total Return (5Y, Annualized) | 23.01% | 4.07% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CNQ | DVN |
|---|---|---|
| Volatility (1Y, Annualized) | 32.07% | 35.86% |
| Beta (5Y) | 0.48 | 0.51 |
| Max Drawdown (5Y) | -35.85% | -60.83% |
| Avg. Volume (3M) | 6.32M | 10.82M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CNQ | DVN |
|---|---|---|
| Sharpe Ratio (1Y) | 1.63 | 0.69 |
| Sortino Ratio (1Y) | 2.31 | 0.99 |
Profitability
ROE (TTM)
Canadian Natural Resources (CNQ) at 32.39% sits in the top ROE quartile, while Devon Energy (DVN) at 12.56% 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%
DVN
Energy industry group
12.56%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- DVN
- 12.56%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Canadian Natural Resources (CNQ) at 29.51% retains a top-quartile share of revenue as profit, ahead of Devon Energy (DVN) at 16.29%, which keeps about the industry-typical share.
CNQ
Energy industry group
29.51%
- Max
- 56.92%
- CNQ
- 29.51%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
DVN
Energy industry group
16.29%
- Max
- 56.92%
- Q3
- 22.92%
- DVN
- 16.29%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Canadian Natural Resources (CNQ) at 32.24% and Devon Energy (DVN) at 19.84% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
CNQ
Energy industry group
32.24%
- Max
- 71.31%
- Q3
- 33.75%
- CNQ
- 32.24%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
DVN
Energy industry group
19.84%
- Max
- 71.31%
- Q3
- 33.75%
- DVN
- 19.84%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CNQ | DVN |
|---|---|---|
| ROE (TTM) | 32.39% | 12.56% |
| ROA (TTM) | 9.97% | 6.52% |
| Net Margin (TTM) | 29.51% | 16.29% |
| Operating Margin (TTM) | 32.24% | 19.84% |
| Gross Margin (TTM) | 52.92% | 53.48% |
Growth
Revenue Growth
Both Canadian Natural Resources (CNQ) at 6.40% and Devon Energy (DVN) at 7.83% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Canadian Natural Resources (CNQ) at 81.05% sits in the top EPS growth quartile, while Devon Energy (DVN) at -8.55% is closer to the peer norm — faster per-share earnings growth for CNQ.
Growth Metrics
| Metric | CNQ | DVN |
|---|---|---|
| Revenue Growth (YoY) | 6.40% | 7.83% |
| Revenue Growth (3Y CAGR) | -3.75% | -3.57% |
| EPS Growth (YoY) | 81.05% | -8.55% |
| EPS Growth (3Y CAGR) | 2.73% | -22.96% |
Financial Strength
Current Ratio (MRQ)
Canadian Natural Resources (CNQ) at 0.99 keeps current ratio within its industry’s typical mid-range, while Devon Energy (DVN) at 0.70 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DVN.
CNQ
Energy industry group
0.99
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- CNQ
- 0.99
- Q1
- 0.88
- Min
- 0.24
DVN
Energy industry group
0.70
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- DVN
- 0.70
- Min
- 0.24
Debt / Equity (MRQ)
Devon Energy (DVN) at 0.26 keeps leverage in the lower industry quartile, while Canadian Natural Resources (CNQ) at 0.42 runs a more typical debt-to-equity mix.
CNQ
Energy industry group
0.42
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- CNQ
- 0.42
- Q1
- 0.30
- Min
- 0.00
DVN
Energy industry group
0.26
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- DVN
- 0.26
- Min
- 0.00
Financial Strength Metrics
| Metric | CNQ | DVN |
|---|---|---|
| Current Ratio (MRQ) | 0.99 | 0.70 |
| Debt / Equity (MRQ) | 0.42 | 0.26 |
| Net Debt / EBITDA | 0.67 | 1.05 |
Dividends
Dividend Yield (TTM)
Canadian Natural Resources (CNQ) at 5.03% delivers top-quartile income for its industry, while Devon Energy (DVN) at 2.61% 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%
DVN
Energy industry group
2.61%
- Max
- 8.57%
- Q3
- 3.58%
- DVN
- 2.61%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Canadian Natural Resources (CNQ) at 36.37% and Devon Energy (DVN) at 26.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
CNQ
Energy industry group
36.37%
- Max
- 133.24%
- Q3
- 53.31%
- CNQ
- 36.37%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
DVN
Energy industry group
26.29%
- Max
- 133.24%
- Q3
- 53.31%
- DVN
- 26.29%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CNQ | DVN |
|---|---|---|
| Dividend Yield (TTM) | 5.03% | 2.61% |
| Dividend Payout Ratio (TTM) | 36.37% | 26.29% |
Valuation
P/E Ratio (TTM)
Both Canadian Natural Resources (CNQ) at 9.95 and Devon Energy (DVN) at 9.91 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
CNQ
Energy industry group
9.95
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- CNQ
- 9.95
- Q1
- 7.71
- Min
- 2.99
DVN
Energy industry group
9.91
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- DVN
- 9.91
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
On P/S ratio, both Canadian Natural Resources (CNQ) at 2.06 and Devon Energy (DVN) at 2.18 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
CNQ
Energy industry group
2.06
- Max
- 5.40
- Q3
- 2.85
- CNQ
- 2.06
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
DVN
Energy industry group
2.18
- Max
- 5.40
- Q3
- 2.85
- DVN
- 2.18
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Devon Energy (DVN) at 1.15 is valued about in line with its industry on P/B ratio, while Canadian Natural Resources (CNQ) at 2.97 carries an above-peer premium to book — CNQ is pricier on assets.
CNQ
Energy industry group
2.97
- Max
- 4.21
- CNQ
- 2.97
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
DVN
Energy industry group
1.15
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- DVN
- 1.15
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CNQ | DVN |
|---|---|---|
| P/E Ratio (TTM) | 9.95 | 9.91 |
| P/S Ratio (TTM) | 2.06 | 2.18 |
| P/B Ratio (MRQ) | 2.97 | 1.15 |
| Free Cash Flow Yield (TTM) | 12.33% | 3.11% |