MEG vs. CNQ

Last updated Apr 2, 2026

Compare and contrast key facts about Montrose Environmental Group, Inc. (MEG) and Canadian Natural Resources Limited (CNQ).

Performance

MEG vs. CNQ - Performance Comparison

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

MEG vs. CNQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MEG Montrose Environmental Group, Inc.	-9.91%	33.85%	-42.27%	-27.62%	-37.04%	127.75%	40.73%
CNQ Canadian Natural Resources Limited	41.69%	15.58%	-1.31%	23.72%	42.82%	83.55%	37.14%

Fundamentals

Market Cap MEG : $785.63M CNQ : $99.30B
EPS MEG : $0.05 CNQ : $5.19
PE Ratio MEG : 463.39 CNQ : 9.17
PS Ratio MEG : 1.06 CNQ : 2.39
Total Revenue (TTM) MEG : $830.54M CNQ : $41.50B
Gross Profit (TTM) MEG : $334.35M CNQ : $12.51B
EBITDA (TTM) MEG : $85.39M CNQ : $18.36B

Returns By Period

In the year-to-date period, MEG achieves a -9.91% return, which is significantly lower than CNQ's 41.69% return.

MEG

• 1D: 2.19%
• 1M: -21.76%
• YTD: -9.91%
• 6M: -20.56%
• 1Y: 64.36%
• 3Y*: -14.40%
• 5Y*: -16.27%
• 10Y*: —

CNQ

• 1D: 2.08%
• 1M: 8.68%
• YTD: 41.69%
• 6M: 54.54%
• 1Y: 58.66%
• 3Y*: 22.81%
• 5Y*: 31.58%
• 10Y*: 20.07%

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

Return for Risk

MEG vs. CNQ — Risk / Return Rank

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

MEG

MEG Risk / Return Rank: 73
MEG Sharpe Ratio Rank: 74
MEG Sortino Ratio Rank: 75
MEG Omega Ratio Rank: 71
MEG Calmar Ratio Rank: 72
MEG Martin Ratio Rank: 71

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: 87

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.

MEG vs. CNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Montrose Environmental Group, Inc. (MEG) and Canadian Natural Resources Limited (CNQ). 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.

	MEG	CNQ	Difference
Sharpe ratio Return per unit of total volatility	1.06	1.87	-0.80
Sortino ratio Return per unit of downside risk	1.89	2.44	-0.55
Omega ratio Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio Return relative to maximum drawdown	1.67	2.96	-1.29
Martin ratio Return relative to average drawdown	3.87	9.42	-5.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEG vs. CNQ - Sharpe Ratio Comparison

The current MEG Sharpe Ratio is 1.06, which is lower than the CNQ Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of MEG and CNQ, 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

	MEG	CNQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.87	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	0.97	-1.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.41	-0.41

Correlation

The correlation between MEG and CNQ is 0.21, 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

MEG vs. CNQ - Dividend Comparison

MEG has not paid dividends to shareholders, while CNQ's dividend yield for the trailing twelve months is around 3.66%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEG Montrose Environmental Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNQ Canadian Natural Resources Limited	3.66%	5.01%	5.02%	4.17%	6.31%	3.78%	5.26%	3.49%	4.56%	3.08%	2.94%	4.21%

Drawdowns

MEG vs. CNQ - Drawdown Comparison

The maximum MEG drawdown since its inception was -86.27%, which is greater than CNQ's maximum drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for MEG and CNQ.

Drawdown Indicators

	MEG	CNQ	Difference
Max Drawdown Largest peak-to-trough decline	-86.27%	-80.75%	-5.52%
Max Drawdown (1Y) Largest decline over 1 year	-34.03%	-15.81%	-18.22%
Max Drawdown (5Y) Largest decline over 5 years	-86.27%	-35.85%	-50.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.84%	—
Current Drawdown Current decline from peak	-71.40%	-5.12%	-66.28%
Average Drawdown Average peak-to-trough decline	-45.07%	-23.64%	-21.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.70%	6.29%	+8.41%

Volatility

MEG vs. CNQ - Volatility Comparison

Montrose Environmental Group, Inc. (MEG) has a higher volatility of 12.05% compared to Canadian Natural Resources Limited (CNQ) at 9.35%. This indicates that MEG's price experiences larger fluctuations and is considered to be riskier than CNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEG	CNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	9.35%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	40.60%	20.28%	+20.32%
Volatility (1Y) Calculated over the trailing 1-year period	61.03%	31.59%	+29.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.69%	32.70%	+29.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.80%	40.24%	+23.56%

Financials

MEG vs. CNQ - Profitability Comparison

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

MEG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Montrose Environmental Group, Inc. reported a gross profit of 74.57M and revenue of 193.27M. Therefore, the gross margin over that period was 38.6%.

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%.

MEG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Montrose Environmental Group, Inc. reported an operating income of -2.58M and revenue of 193.27M, resulting in an operating margin of -1.3%.

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%.

MEG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Montrose Environmental Group, Inc. reported a net income of -5.47M and revenue of 193.27M, resulting in a net margin of -2.8%.

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%.