CNQ vs. NFE

Last updated Apr 2, 2026

Compare and contrast key facts about Canadian Natural Resources Limited (CNQ) and New Fortress Energy Inc. (NFE).

Performance

CNQ vs. NFE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Natural Resources Limited (CNQ) and New Fortress Energy Inc. (NFE). The values are adjusted to include any dividend payments, if applicable.

CNQ vs. NFE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CNQ Canadian Natural Resources Limited	38.80%	15.58%	-1.31%	23.72%	42.82%	83.55%	-19.06%	25.52%
NFE New Fortress Energy Inc.	-48.79%	-92.46%	-59.24%	-1.71%	77.41%	-54.42%	243.98%	19.89%

Fundamentals

Market Cap CNQ : $97.27B NFE : $164.12M
EPS CNQ : $5.19 NFE : -$4.60
PS Ratio CNQ : 2.34 NFE : 0.09
PB Ratio CNQ : 2.19 NFE : 0.16
Total Revenue (TTM) CNQ : $41.50B NFE : $1.78B
Gross Profit (TTM) CNQ : $12.51B NFE : $575.35M
EBITDA (TTM) CNQ : $18.36B NFE : -$153.11M

Returns By Period

In the year-to-date period, CNQ achieves a 38.80% return, which is significantly higher than NFE's -48.79% return.

CNQ

• 1D: -4.45%
• 1M: 5.94%
• YTD: 38.80%
• 6M: 49.86%
• 1Y: 56.02%
• 3Y*: 24.72%
• 5Y*: 31.04%
• 10Y*: 19.72%

NFE

• 1D: -1.05%
• 1M: -50.10%
• YTD: -48.79%
• 6M: -73.22%
• 1Y: -92.30%
• 3Y*: -72.69%
• 5Y*: -57.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CNQ vs. NFE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNQ

CNQ Risk / Return Rank: 85
CNQ Sharpe Ratio Rank: 88
CNQ Sortino Ratio Rank: 84
CNQ Omega Ratio Rank: 82
CNQ Calmar Ratio Rank: 84
CNQ Martin Ratio Rank: 88

NFE

NFE Risk / Return Rank: 10
NFE Sharpe Ratio Rank: 15
NFE Sortino Ratio Rank: 10
NFE Omega Ratio Rank: 10
NFE Calmar Ratio Rank: 1
NFE Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNQ vs. NFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and New Fortress Energy Inc. (NFE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CNQ	NFE	Difference
Sharpe ratio Return per unit of total volatility	1.79	-0.60	+2.38
Sortino ratio Return per unit of downside risk	2.36	-1.05	+3.41
Omega ratio Gain probability vs. loss probability	1.31	0.87	+0.44
Calmar ratio Return relative to maximum drawdown	2.93	-1.00	+3.92
Martin ratio Return relative to average drawdown	9.33	-1.26	+10.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNQ vs. NFE - Sharpe Ratio Comparison

The current CNQ Sharpe Ratio is 1.79, which is higher than the NFE Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of CNQ and NFE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNQ	NFE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	-0.60	+2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	-0.65	+1.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	-0.41	+0.82

Correlation

The correlation between CNQ and NFE is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CNQ vs. NFE - Dividend Comparison

CNQ's dividend yield for the trailing twelve months is around 3.74%, while NFE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNQ Canadian Natural Resources Limited	3.74%	5.01%	5.02%	4.17%	6.31%	3.78%	5.26%	3.49%	4.56%	3.08%	2.94%	4.21%
NFE New Fortress Energy Inc.	0.00%	0.00%	1.98%	10.46%	0.94%	1.66%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CNQ vs. NFE - Drawdown Comparison

The maximum CNQ drawdown since its inception was -80.75%, smaller than the maximum NFE drawdown of -98.94%. Use the drawdown chart below to compare losses from any high point for CNQ and NFE.

Drawdown Indicators

	CNQ	NFE	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	-98.94%	+18.19%
Max Drawdown (1Y) Largest decline over 1 year	-20.04%	-93.26%	+73.22%
Max Drawdown (5Y) Largest decline over 5 years	-35.85%	-98.94%	+63.09%
Max Drawdown (10Y) Largest decline over 10 years	-77.84%	—	—
Current Drawdown Current decline from peak	-7.06%	-98.93%	+91.87%
Average Drawdown Average peak-to-trough decline	-23.64%	-44.75%	+21.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	73.79%	-67.50%

Volatility

CNQ vs. NFE - Volatility Comparison

The current volatility for Canadian Natural Resources Limited (CNQ) is 9.19%, while New Fortress Energy Inc. (NFE) has a volatility of 33.31%. This indicates that CNQ experiences smaller price fluctuations and is considered to be less risky than NFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNQ	NFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	33.31%	-24.12%
Volatility (6M) Calculated over the trailing 6-month period	20.23%	78.19%	-57.96%
Volatility (1Y) Calculated over the trailing 1-year period	31.56%	154.53%	-122.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.70%	89.06%	-56.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.24%	83.57%	-43.33%

Financials

CNQ vs. NFE - Profitability Comparison

The chart below illustrates the profitability comparison between Canadian Natural Resources Limited and New Fortress Energy Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CNQ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported a gross profit of 2.04B and revenue of 9.60B. Therefore, the gross margin over that period was 21.2%.

NFE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, New Fortress Energy Inc. reported a gross profit of 0.00 and revenue of 327.37M. Therefore, the gross margin over that period was 0.0%.

CNQ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported an operating income of 1.79B and revenue of 9.60B, resulting in an operating margin of 18.7%.

NFE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, New Fortress Energy Inc. reported an operating income of -103.59M and revenue of 327.37M, resulting in an operating margin of -31.6%.

CNQ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported a net income of 5.30B and revenue of 9.60B, resulting in a net margin of 55.2%.

NFE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, New Fortress Energy Inc. reported a net income of -299.97M and revenue of 327.37M, resulting in a net margin of -91.6%.