Back to Canadian Natural Resources Limited

How Canadian Natural Resources Limited stacks up

CNQ · against 196 other Energy companies listed in US-listed

Profitability

90/ 100

Near the top of its peers.

Ranked #22 of 197 · scores higher than 88% of peers

Bars: peers in each 10-point band of the profitability score

24 peers with a profitability score of 90–100, including CNQ · Click a bar to see the companies

Why profitability scores 90?

Weighted metrics compared with all Energy companies.

Mainly thanks to its return on assets, return on invested capital and operating margin, which are stronger than most Energy peers.

a wider operating margin: stronger than 64% of peers. Operating margin: 18.6% vs peer median 11.7%
a higher return on invested capital: stronger than 90% of peers. Return on invested capital: 30.0% vs peer median 9.3%
a higher return on assets: stronger than 92% of peers. Return on assets: 11.8% vs peer median 4.4%

Metric by metric

Position: dot = CNQ, ranked from the worst peer (left) to the best (right); tick = middle, shaded = middle half of peers.

Metric	CNQ	Peer median	Better than	Weight
Return on invested capitalHigher is better · 190 reported	30.0%	9.2%	93%	33%
Operating marginHigher is better · 193 reported	18.6%	13.4%	59%	33%
Return on assetsHigher is better · 194 reported	11.8%	4.4%	89%	33%
Return on equityHigher is better · 190 reported	26.7%	11.8%	80%	Context only
Gross marginHigher is better · 197 reported	51.6%	41.2%	60%	Context only

Ranking by profitability score

Top 5 and the companies ranked around CNQ

Rank	Company	Market cap	Profitability	Overall
1	Texas Pacific Land CorporationTPL · US-listed	22.9B USD	100	72
2	Natural Resource Partners L.P.NRP · US-listed	1.6B USD	99	61
2	Permian Basin Royalty TrustPBT · US-listed	1.3B USD	99	59
2	Sabine Royalty TrustSBR · US-listed	1.0B USD	99	72
5	Black Stone Minerals, L.P.BSM · US-listed	3.2B USD	98	66
⋯
18	Hess Midstream LPHESM · US-listed	6.7B USD	92	56
19	APA CorporationAPA · US-listed	16.7B USD	91	70
19	CNX Resources CorporationCNX · US-listed	5.4B USD	91	78
19	DHT Holdings, Inc.DHT · US-listed	3.9B USD	91	62
22	Canadian Natural Resources LimitedCNQ · US-listed	110.5B USD	90	61
22	EOG Resources, Inc.EOG · US-listed	81.4B USD	90	78
22	SandRidge Energy, Inc.SD · US-listed	496M USD	90	85
25	MPLX LPMPLX · US-listed	58.3B USD	88	51
25	TC Energy CorporationTRP · US-listed	66.1B USD	88	45

Scores are sector-relative percentiles from the latest snapshot, always calculated against the whole sector: narrowing the comparison group changes who you compare with, not the scores. Missing metrics are left out and the remaining weights rescaled. How we score

Bringing the fundamentals into focus…