CNQ vs PDS
Canadian Natural Resources Ltd. and Precision Drilling Corp., side by side — 10 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | CNQ | PDS |
|---|---|---|
| Revenue | CAD 38.8B | CAD 1.8B |
| Net income | CAD 10.8B | CAD 1.8M |
| Gross margin | · | 32.8% |
| Net margin | 27.9% | 0.2% |
| Return on equity | 25.8% | 0.1% |
| Diluted EPS | CAD 5.16 | CAD 0.14 |
| Dividend / share | · | · |
| Payout ratio | 45.0% | · |
| Free cash flow | · | CAD 149.4M |
| Equity | · | CAD 1.6B |
| Net debt / equity | 0.36× | 0.38× |
| Current ratio | 0.95× | 1.62× |
| Revenue CAGR 5y | 18.1% | 14.5% |
| Profit CAGR 5y | · | · |
CNQ bills 21.0× the revenue of PDS, and keeps more of each dollar of revenue as profit (27.9% against 0.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CNQ | PDS |
|---|---|---|
| FY2025 | CAD 38.8B | CAD 1.8B |
| FY2024 | CAD 35.7B | CAD 1.9B |
| FY2023 | CAD 36.0B | CAD 1.9B |
| FY2022 | CAD 42.3B | CAD 1.6B |
| FY2021 | CAD 30.1B | CAD 986.8M |
| FY2020 | CAD 16.9B | CAD 935.8M |
| FY2019 | CAD 22.9B | CAD 1.5B |
| FY2018 | CAD 21.0B | CAD 1.5B |
| FY2017 | CAD 17.3B | CAD 1.3B |
| FY2016 | CAD 11.4B | CAD 1.0B |
Bottom line
| Fiscal year | CNQ | PDS |
|---|---|---|
| FY2025 | CAD 10.8B | CAD 1.8M |
| FY2024 | CAD 6.1B | CAD 111.2M |
| FY2023 | CAD 8.2B | CAD 289.2M |
| FY2022 | CAD 10.9B | CAD -34.3M |
| FY2021 | CAD 7.7B | CAD -177.4M |
| FY2020 | CAD -435.0M | CAD -120.1M |
| FY2019 | CAD 5.4B | CAD 6.6M |
| FY2018 | CAD 2.6B | CAD -294.3M |
| FY2017 | CAD 2.4B | CAD -132.0M |
| FY2016 | CAD -204.0M | CAD -155.6M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 36,918,296,000 | CNQ |
| FY2024 | +CAD 33,753,672,000 | CNQ |
| FY2023 | +CAD 34,030,146,000 | CNQ |
| FY2022 | +CAD 40,680,806,000 | CNQ |
| FY2021 | +CAD 29,070,153,000 | CNQ |
| FY2020 | +CAD 15,957,247,000 | CNQ |
| FY2019 | +CAD 21,329,680,000 | CNQ |
| FY2018 | +CAD 19,485,811,000 | CNQ |
| FY2017 | +CAD 16,020,776,000 | CNQ |
| FY2016 | +CAD 10,423,767,000 | CNQ |
CNQ has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +27.7 pp | CNQ |
| FY2024 | +11.3 pp | CNQ |
| FY2023 | +8.0 pp | CNQ |
| FY2022 | +28.0 pp | CNQ |
| FY2021 | +43.5 pp | CNQ |
| FY2020 | +10.3 pp | CNQ |
| FY2019 | +23.3 pp | CNQ |
| FY2018 | +31.4 pp | CNQ |
| FY2017 | +23.8 pp | CNQ |
| FY2016 | +13.7 pp | CNQ |
CNQ has kept the higher net margin in every one of these 10 fiscal years.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PDS's net margin has been more volatile than CNQ's over the 10 comparable fiscal years — 10.7 percentage points of standard deviation against 10.6.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CNQ led in net margin in every one of the 10 comparable fiscal years — a structural lead, not a recent swing.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PDS's return on equity has been more volatile than CNQ's over the 3 comparable fiscal years — 8.5 percentage points of standard deviation against 4.3.
3 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CNQ led in return on equity in every one of the 3 comparable fiscal years — a structural lead, not a recent swing.
3 of 11 comparable fiscal years — a year missing data on either side is not counted.