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CNQ vs. ENB: Canadian Natural Resources vs. Enbridge Stock Comparison

How do Canadian Natural Resources (CNQ) and Enbridge (ENB) 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 Enbridge (ENB) both belong to the Oil, Gas & Consumable Fuels industry, though CNQ is classified under Oil & Gas Exploration & Production while ENB falls under Oil & Gas Storage & Transportation.

Company profile comparison for Canadian Natural Resources (CNQ) and Enbridge (ENB)
Profile ItemCNQENB
NameCanadian Natural Resources Ltd.Enbridge Inc.
Country/RegionCanadaCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Storage & Transportation
Market Capitalization98.81 billion USD104.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 31, 2000March 15, 1984
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CNQ
ENB
GSPC
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB), 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 Canadian Natural Resources (CNQ) and Enbridge (ENB). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
Total Return (1Y)56.47%3.49%
Total Return (3Y, Annualized)19.27%19.14%
Total Return (5Y, Annualized)23.01%8.72%

Risk Profile

Drawdown History

CNQ
ENB
GSPC
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB), 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 Canadian Natural Resources (CNQ) and Enbridge (ENB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
Volatility (1Y, Annualized)32.07%18.30%
Beta (5Y)0.480.59
Max Drawdown (5Y)-35.85%-28.31%
Avg. Volume (3M)6.32M5.05M

Risk-Adjusted Performance

Risk-Return Positioning

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CNQ and ENB 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 Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
Sharpe Ratio (1Y)1.63-0.04
Sortino Ratio (1Y)2.31-0.06

Profitability

ROE (TTM)

Canadian Natural Resources (CNQ) at 32.39% sits in the top ROE quartile, while Enbridge (ENB) at 9.22% 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%

ENB

Energy industry group

9.22%

Max
53.85%
Q3
24.79%
Median
12.85%
ENB
9.22%
Q1
2.03%
Min
-29.09%
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): 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 Enbridge (ENB) at 7.34%, 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%

ENB

Energy industry group

7.34%

Max
56.92%
Q3
22.92%
Median
10.10%
ENB
7.34%
Q1
0.07%
Min
-27.38%
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Canadian Natural Resources (CNQ) at 32.24% and Enbridge (ENB) at 10.16% 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%

ENB

Energy industry group

10.16%

Max
71.31%
Q3
33.75%
Median
18.73%
ENB
10.16%
Q1
6.94%
Min
-24.52%
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
ROE (TTM)32.39%9.22%
ROA (TTM)9.97%3.29%
Net Margin (TTM)29.51%7.34%
Operating Margin (TTM)32.24%10.16%
Gross Margin (TTM)52.92%32.59%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% 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 ENB.

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

EPS Growth

Both Canadian Natural Resources (CNQ) at 81.05% and Enbridge (ENB) at 37.61% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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

Growth Metrics

Growth metrics for Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
Revenue Growth (YoY)6.40%21.92%
Revenue Growth (3Y CAGR)-3.75%6.94%
EPS Growth (YoY)81.05%37.61%
EPS Growth (3Y CAGR)2.73%36.00%

Financial Strength

Current Ratio (MRQ)

Canadian Natural Resources (CNQ) at 0.99 keeps current ratio within its industry’s typical mid-range, while Enbridge (ENB) at 0.72 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ENB.

CNQ

Energy industry group

0.99

Max
3.64
Q3
2.21
Median
1.41
CNQ
0.99
Q1
0.88
Min
0.24

ENB

Energy industry group

0.72

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
ENB
0.72
Min
0.24
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Canadian Natural Resources (CNQ) at 0.42 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.63 uses more debt funding than most peers.

CNQ

Energy industry group

0.42

Max
1.75
Q3
0.93
Median
0.54
CNQ
0.42
Q1
0.30
Min
0.00

ENB

Energy industry group

1.63

Max
1.75
ENB
1.63
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
Current Ratio (MRQ)0.990.72
Debt / Equity (MRQ)0.421.63
Net Debt / EBITDA0.676.33

Dividends

Dividend Yield (TTM)

Enbridge (ENB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Canadian Natural Resources (CNQ) reports a yield of 5.03%, ranking against industry peers normally.

CNQ

Energy industry group

5.03%

Max
8.57%
CNQ
5.03%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

ENB

Energy industry group

0.00%

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

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Canadian Natural Resources (CNQ) reports 36.37%, ranking against industry peers normally.

CNQ

Energy industry group

36.37%

Max
133.24%
Q3
53.31%
CNQ
36.37%
Median
25.24%
Q1
0.00%
Min
0.00%

ENB

Energy industry group

147.68%

ENB
147.68%
Max
133.24%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
Dividend Yield (TTM)5.03%0.00%
Dividend Payout Ratio (TTM)36.37%147.68%

Valuation

P/E Ratio (TTM)

Canadian Natural Resources (CNQ) at 9.95 is near its industry’s usual P/E ratio, while Enbridge (ENB) at 22.65 sits in the richer quartile — ENB 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

ENB

Energy industry group

22.65

Max
39.54
ENB
22.65
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Canadian Natural Resources (CNQ) at 2.06 and Enbridge (ENB) at 1.25 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

ENB

Energy industry group

1.25

Max
5.40
Q3
2.85
Median
1.69
ENB
1.25
Q1
0.88
Min
0.00
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both Canadian Natural Resources (CNQ) at 2.97 and Enbridge (ENB) at 2.59 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

ENB

Energy industry group

2.59

Max
4.21
ENB
2.59
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Canadian Natural Resources (CNQ) vs. Enbridge (ENB): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Canadian Natural Resources (CNQ) and Enbridge (ENB)
MetricCNQENB
P/E Ratio (TTM)9.9522.65
P/S Ratio (TTM)2.061.25
P/B Ratio (MRQ)2.972.59
Free Cash Flow Yield (TTM)12.33%-1.01%