CANADIAN NATURAL RESOURCES LIMITED vs Woodside Energy Group Ltd, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Economically these are two long-life resource producers on different continents and molecules: Canadian Natural's oil sands against Woodside's Australian LNG. Canadian Natural earns the far higher return on equity, 24.4% against 6.87%, and nets more, 27.9% against 21.1%, oil-sands cash economics beating LNG's capital-heavy development returns this cycle. Both run debt-free. Woodside yields more free cash, 20% against 13.5%, and both trade near 10-13 times earnings. The pair prices Canadian oil against Australian gas, two long-duration resource plays; Canadian Natural's barrels earn triple Woodside's return on equity, Woodside's LNG offers the fatter cash yield and Asian-demand exposure, and the market prices both as cheap, cash-rich resource holdings.
Comparison updated 2026-07-11.
| Metric | CNQ | WDS |
|---|---|---|
| Price | $39.49 | $18.95 |
| Market cap | $82.6B | $35.9B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| P/E | 10.4 | 13.2 |
| P/B | 2.53 | 0.90 |
| P/S | 2.90 | 2.77 |
| EV/EBITDA | 11.9 | 7.8 |
| Revenue growth | +8.4% | +29.4% |
| Gross margin | — | 34.9% |
| Operating margin | — | 29.9% |
| Net margin | 27.9% | 21.1% |
| Return on equity | 24.4% | 6.9% |
| Return on assets | 11.8% | 4.1% |
| Return on invested capital | — | 7.8% |
| FCF yield | 13.4% | 20.0% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 0.95 | 1.59 |
| Altman Z (solvency) | 2.34 | 1.27 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.