CNQ vs VET
Canadian Natural Resources Ltd. and Vermilion Energy Inc., side by side — 10 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | CNQ | VET |
|---|---|---|
| Revenue | CAD 38.8B | CAD 1.8B |
| Net income | CAD 10.8B | CAD -653.6M |
| Gross margin | · | · |
| Net margin | 27.9% | −37.0% |
| Return on equity | 25.8% | −26.0% |
| Diluted EPS | CAD 5.16 | −CAD 4.25 |
| Dividend / share | · | CAD 0.52 |
| Payout ratio | 45.0% | −12.2% |
| Free cash flow | · | · |
| Equity | · | · |
| Net debt / equity | 0.36× | 0.55× |
| Current ratio | 0.95× | · |
| Revenue CAGR 5y | 18.1% | 9.1% |
| Profit CAGR 5y | · | · |
CNQ bills 22.0× the revenue of VET, and VET closed the last reported year at a loss.
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 | VET |
|---|---|---|
| FY2025 | CAD 38.8B | CAD 1.8B |
| FY2024 | CAD 35.7B | CAD 1.5B |
| FY2023 | CAD 36.0B | CAD 2.0B |
| FY2022 | CAD 42.3B | CAD 3.4B |
| FY2021 | CAD 30.1B | CAD 2.0B |
| FY2020 | CAD 16.9B | CAD 1.1B |
| FY2019 | CAD 22.9B | CAD 1.7B |
| FY2018 | CAD 21.0B | CAD 1.5B |
| FY2017 | CAD 17.3B | CAD 1.0B |
| FY2016 | CAD 11.4B | CAD 828.5M |
Bottom line
| Fiscal year | CNQ | VET |
|---|---|---|
| FY2025 | CAD 10.8B | CAD -653.6M |
| FY2024 | CAD 6.1B | CAD -46.7M |
| FY2023 | CAD 8.2B | CAD -237.6M |
| FY2022 | CAD 10.9B | CAD 1.3B |
| FY2021 | CAD 7.7B | CAD 1.1B |
| FY2020 | CAD -435.0M | CAD -1.5B |
| FY2019 | CAD 5.4B | CAD 32.8M |
| FY2018 | CAD 2.6B | CAD 271.6M |
| FY2017 | CAD 2.4B | CAD 62.3M |
| FY2016 | CAD -204.0M | CAD -160.1M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 36,996,859,000 | CNQ |
| FY2024 | +CAD 34,109,580,000 | CNQ |
| FY2023 | +CAD 33,960,139,000 | CNQ |
| FY2022 | +CAD 38,882,789,000 | CNQ |
| FY2021 | +CAD 28,016,270,000 | CNQ |
| FY2020 | +CAD 15,752,156,000 | CNQ |
| FY2019 | +CAD 21,123,529,000 | CNQ |
| FY2018 | +CAD 19,501,050,000 | CNQ |
| FY2017 | +CAD 16,317,638,000 | CNQ |
| FY2016 | +CAD 10,598,493,000 | 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 | +64.9 pp | CNQ |
| FY2024 | +20.1 pp | CNQ |
| FY2023 | +34.7 pp | CNQ |
| FY2022 | −12.6 pp | VET |
| FY2021 | −30.8 pp | VET |
| FY2020 | +130.4 pp | CNQ |
| FY2019 | +21.8 pp | CNQ |
| FY2018 | −5.5 pp | VET |
| FY2017 | +7.7 pp | CNQ |
| FY2016 | +17.5 pp | CNQ |
The higher net margin has changed hands between CNQ and VET over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VET's net margin has been more volatile than CNQ's over the 10 comparable fiscal years — 48.9 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
The lead in net margin changed hands between CNQ and VET over these 10 fiscal years — CNQ led in 7 and VET in 3.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VET's return on equity has been more volatile than CNQ's over the 10 comparable fiscal years — 41.6 percentage points of standard deviation against 10.0.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CNQ and VET over these 10 fiscal years — CNQ led in 7 and VET in 3.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.