CNQ vs. TTE: Canadian Natural Resources vs. TotalEnergies Stock Comparison

November 11, 2026

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

Company profile comparison for Canadian Natural Resources (CNQ) and TotalEnergies (TTE)
Profile Item	CNQ	TTE
Name	Canadian Natural Resources Ltd.	TotalEnergies SE
Country/Region	Canada	France
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	Integrated Oil & Gas
Market Capitalization	98.81 billion USD	192.81 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 31, 2000	October 25, 1991
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CNQ

TTE

GSPC

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE), 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 TotalEnergies (TTE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Canadian Natural Resources (CNQ) and TotalEnergies (TTE). 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 TotalEnergies (TTE)
Metric	CNQ	TTE
Total Return (1Y)	56.47%	47.13%
Total Return (3Y, Annualized)	19.27%	16.28%
Total Return (5Y, Annualized)	23.01%	17.77%

Risk Profile

Drawdown History

CNQ

TTE

GSPC

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE), 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 TotalEnergies (TTE). 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 TotalEnergies (TTE)
Metric	CNQ	TTE
Volatility (1Y, Annualized)	32.07%	25.22%
Beta (5Y)	0.48	0.15
Max Drawdown (5Y)	-35.85%	-26.16%
Avg. Volume (3M)	6.32M	1.80M

Risk-Adjusted Performance

Risk-Return Positioning

CNQ and TTE 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 TotalEnergies (TTE)
Metric	CNQ	TTE
Sharpe Ratio (1Y)	1.63	1.70
Sortino Ratio (1Y)	2.31	2.52

Profitability

ROE (TTM)

Canadian Natural Resources (CNQ) at 32.39% sits in the top ROE quartile, while TotalEnergies (TTE) at 17.83% 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%

TTE

Energy industry group

17.83%

Max: 53.85%
Q3: 24.79%
TTE: 17.83%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE) at 10.46%, 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%

TTE

Energy industry group

10.46%

Max: 56.92%
Q3: 22.92%
TTE: 10.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Canadian Natural Resources (CNQ) at 32.24% and TotalEnergies (TTE) at 24.51% 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%

TTE

Energy industry group

24.51%

Max: 71.31%
Q3: 33.75%
TTE: 24.51%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Canadian Natural Resources (CNQ) and TotalEnergies (TTE)
Metric	CNQ	TTE
ROE (TTM)	32.39%	17.83%
ROA (TTM)	9.97%	7.19%
Net Margin (TTM)	29.51%	10.46%
Operating Margin (TTM)	32.24%	24.51%
Gross Margin (TTM)	52.92%	39.18%

Growth

Revenue Growth

Canadian Natural Resources (CNQ) at 6.40% is around its peer norm for revenue growth, while TotalEnergies (TTE) at -6.78% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Canadian Natural Resources (CNQ) at 81.05% sits in the top EPS growth quartile, while TotalEnergies (TTE) at -13.60% is closer to the peer norm — faster per-share earnings growth for CNQ.

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

Growth Metrics

Growth metrics for Canadian Natural Resources (CNQ) and TotalEnergies (TTE)
Metric	CNQ	TTE
Revenue Growth (YoY)	6.40%	-6.78%
Revenue Growth (3Y CAGR)	-3.75%	-11.53%
EPS Growth (YoY)	81.05%	-13.60%
EPS Growth (3Y CAGR)	2.73%	-9.70%

Financial Strength

Current Ratio (MRQ)

Both Canadian Natural Resources (CNQ) at 0.99 and TotalEnergies (TTE) at 1.11 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

TTE

Energy industry group

1.11

Max: 3.64
Q3: 2.21
Median: 1.41
TTE: 1.11
Q1: 0.88
Min: 0.24

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Canadian Natural Resources (CNQ) at 0.42 and TotalEnergies (TTE) at 0.46 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

TTE

Energy industry group

0.46

Max: 1.75
Q3: 0.93
Median: 0.54
TTE: 0.46
Q1: 0.30
Min: 0.00

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE)
Metric	CNQ	TTE
Current Ratio (MRQ)	0.99	1.11
Debt / Equity (MRQ)	0.42	0.46
Net Debt / EBITDA	0.67	0.52

Dividends

Dividend Yield (TTM)

Both Canadian Natural Resources (CNQ) at 5.03% and TotalEnergies (TTE) at 4.58% offer top-quartile dividend income relative to share price within their industries.

CNQ

Energy industry group

5.03%

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

TTE

Energy industry group

4.58%

Max: 8.57%
TTE: 4.58%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Canadian Natural Resources (CNQ) at 36.37% and TotalEnergies (TTE) at 39.93% 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%

TTE

Energy industry group

39.93%

Max: 133.24%
Q3: 53.31%
TTE: 39.93%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Canadian Natural Resources (CNQ) and TotalEnergies (TTE)
Metric	CNQ	TTE
Dividend Yield (TTM)	5.03%	4.58%
Dividend Payout Ratio (TTM)	36.37%	39.93%

Valuation

P/E Ratio (TTM)

Both Canadian Natural Resources (CNQ) at 9.95 and TotalEnergies (TTE) at 8.76 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

TTE

Energy industry group

8.76

Max: 39.54
Q3: 21.72
Median: 12.19
TTE: 8.76
Q1: 7.71
Min: 2.99

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE) at 0.90 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

TTE

Energy industry group

0.90

Max: 5.40
Q3: 2.85
Median: 1.69
TTE: 0.90
Q1: 0.88
Min: 0.00

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

TotalEnergies (TTE) at 1.46 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

TTE

Energy industry group

1.46

Max: 4.21
Q3: 2.38
Median: 1.51
TTE: 1.46
Q1: 1.08
Min: 0.01

Canadian Natural Resources (CNQ) vs. TotalEnergies (TTE): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Canadian Natural Resources (CNQ) and TotalEnergies (TTE)
Metric	CNQ	TTE
P/E Ratio (TTM)	9.95	8.76
P/S Ratio (TTM)	2.06	0.90
P/B Ratio (MRQ)	2.97	1.46
Free Cash Flow Yield (TTM)	12.33%	7.25%