CNQ vs. TPL: Canadian Natural Resources vs. Texas Pacific Land Stock Comparison
How do Canadian Natural Resources (CNQ) and Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) 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 | TPL |
|---|---|---|
| Name | Canadian Natural Resources Ltd. | Texas Pacific Land 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 | 18.79 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 31, 2000 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CNQ | TPL |
|---|---|---|
| Total Return (1Y) | 56.47% | -14.10% |
| Total Return (3Y, Annualized) | 19.27% | 16.13% |
| Total Return (5Y, Annualized) | 23.01% | 13.42% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CNQ | TPL |
|---|---|---|
| Volatility (1Y, Annualized) | 32.07% | 49.74% |
| Beta (5Y) | 0.48 | 0.62 |
| Max Drawdown (5Y) | -35.85% | -52.50% |
| Avg. Volume (3M) | 6.32M | 380.93K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CNQ | TPL |
|---|---|---|
| Sharpe Ratio (1Y) | 1.63 | -0.37 |
| Sortino Ratio (1Y) | 2.31 | -0.50 |
Profitability
ROE (TTM)
Both Canadian Natural Resources (CNQ) at 32.39% and Texas Pacific Land (TPL) at 37.07% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
CNQ
Energy industry group
32.39%
- Max
- 53.85%
- CNQ
- 32.39%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
TPL
Energy industry group
37.07%
- Max
- 53.85%
- TPL
- 37.07%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Texas Pacific Land (TPL) at 60.71% keeps the most of each sales dollar — above its industry’s net margin range — and Canadian Natural Resources (CNQ) at 29.51% also retains a top-quartile 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%
TPL
Energy industry group
60.71%
- TPL
- 60.71%
- Max
- 56.92%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Texas Pacific Land (TPL) at 76.20% turns sales into operating profit above its industry’s benchmark range, while Canadian Natural Resources (CNQ) at 32.24% operates 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%
TPL
Energy industry group
76.20%
- TPL
- 76.20%
- Max
- 71.31%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CNQ | TPL |
|---|---|---|
| ROE (TTM) | 32.39% | 37.07% |
| ROA (TTM) | 9.97% | 26.08% |
| Net Margin (TTM) | 29.51% | 60.71% |
| Operating Margin (TTM) | 32.24% | 76.20% |
| Gross Margin (TTM) | 52.92% | 94.09% |
Growth
Revenue Growth
Both Canadian Natural Resources (CNQ) at 6.40% and Texas Pacific Land (TPL) at 13.09% 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 Texas Pacific Land (TPL) at 6.04% is closer to the peer norm — faster per-share earnings growth for CNQ.
Growth Metrics
| Metric | CNQ | TPL |
|---|---|---|
| Revenue Growth (YoY) | 6.40% | 13.09% |
| Revenue Growth (3Y CAGR) | -3.75% | 6.15% |
| EPS Growth (YoY) | 81.05% | 6.04% |
| EPS Growth (3Y CAGR) | 2.73% | 2.78% |
Financial Strength
Current Ratio (MRQ)
Canadian Natural Resources (CNQ) at 0.99 keeps current ratio within its industry’s typical mid-range, while Texas Pacific Land (TPL) at 5.41 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets 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
TPL
Energy industry group
5.41
- TPL
- 5.41
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Texas Pacific Land (TPL) at 0.01 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
TPL
Energy industry group
0.01
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- TPL
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | CNQ | TPL |
|---|---|---|
| Current Ratio (MRQ) | 0.99 | 5.41 |
| Debt / Equity (MRQ) | 0.42 | 0.01 |
| Net Debt / EBITDA | 0.67 | -0.44 |
Dividends
Dividend Yield (TTM)
Canadian Natural Resources (CNQ) at 5.03% delivers top-quartile income for its industry, while Texas Pacific Land (TPL) at 0.86% 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%
TPL
Energy industry group
0.86%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- TPL
- 0.86%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Canadian Natural Resources (CNQ) at 36.37% and Texas Pacific Land (TPL) at 27.42% 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%
TPL
Energy industry group
27.42%
- Max
- 133.24%
- Q3
- 53.31%
- TPL
- 27.42%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CNQ | TPL |
|---|---|---|
| Dividend Yield (TTM) | 5.03% | 0.86% |
| Dividend Payout Ratio (TTM) | 36.37% | 27.42% |
Valuation
P/E Ratio (TTM)
Canadian Natural Resources (CNQ) at 9.95 is near its industry’s usual P/E ratio, while Texas Pacific Land (TPL) at 32.00 sits in the richer quartile — TPL 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
TPL
Energy industry group
32.00
- Max
- 39.54
- TPL
- 32.00
- 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 Texas Pacific Land (TPL) at 19.41 clears its benchmark range — TPL 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
TPL
Energy industry group
19.41
- TPL
- 19.41
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
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 Texas Pacific Land (TPL) at 10.42 prices even higher, above its industry range.
CNQ
Energy industry group
2.97
- Max
- 4.21
- CNQ
- 2.97
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
TPL
Energy industry group
10.42
- TPL
- 10.42
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CNQ | TPL |
|---|---|---|
| P/E Ratio (TTM) | 9.95 | 32.00 |
| P/S Ratio (TTM) | 2.06 | 19.41 |
| P/B Ratio (MRQ) | 2.97 | 10.42 |
| Free Cash Flow Yield (TTM) | 12.33% | 0.43% |