Side by sideCanadian Natural Resources (CNQ.TO) and Imperial (IMO.TO)Memos of October 20, 2026 and October 12, 2026
Canadian Natural Resources vs Imperial stock: side by side (October 2026)
How do Canadian Natural Resources and Imperial compare?
| Canadian Natural Resources CNQ.TO | Imperial IMO.TO | |
|---|---|---|
| Revenue growth | 8.7%2025 | -8.6%2025 |
| Free cash flow | 9,038C$ millions · 2025 | 4,685C$ millions · 2025 |
| Free cash flow yield | 5.7%Today (Oct 20, 2026) | 5.5%Today (Oct 12, 2026) |
| Dividend yield | 3.3%Today (Oct 20, 2026) | 2.0%Today (Oct 12, 2026) |
| P/E, last 12 months | 13.6xToday (Oct 20, 2026) | 20.60xToday (Oct 12, 2026) |
| P/E, next 12 months | 13.0xToday (Oct 20, 2026) | 13.23xToday (Oct 12, 2026) |
| Weighted price forecast, about 1 year | 90.70 (+22 %)October 2027 | 187.50 (+9 %)October 2027 |
| Weighted price forecast, about 3 years | 87.66 (+26 %)October 2029 | 243.04 (+45 %)October 2029 |
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Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Canadian Natural Resources | The higher figure |
| Free cash flow | Canadian Natural Resources | The higher figure |
| Free cash flow yield | Canadian Natural Resources | The higher figure |
| Dividend yield | Canadian Natural Resources | The higher figure |
| P/E, last 12 months | Canadian Natural Resources | The lower figure |
| P/E, next 12 months | Canadian Natural Resources | The lower figure |
| Weighted price forecast, about 1 year | Canadian Natural Resources | The higher weighted return |
| Weighted price forecast, about 3 years | Imperial | The higher weighted return |
What does each company do?
Canadian Natural Resources sells oil, natural gas and natural gas liquids (NGLs) to refiners, marketers, utilities and industrial buyers.
Canadian Natural Resources (CNQ.TO), from our memo of October 20, 2026 · Canadian Natural Resources stock forecast
Imperial produces oil and gas, refines crude—unrefined oil pumped from the ground—into fuels, and sells chemicals and other products to businesses and consumers.
Imperial (IMO.TO), from our memo of October 12, 2026 · Imperial stock forecast
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More on Canadian Natural Resources
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