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Stock Comparison

VET vs MEG vs CLH vs BTE vs CVE

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
VET
Vermilion Energy Inc.

Oil & Gas Exploration & Production

EnergyNYSE • CA
Market Cap$1.71B
5Y Perf.+172.0%
MEG
Montrose Environmental Group, Inc.

Waste Management

IndustrialsNYSE • US
Market Cap$566M
5Y Perf.-3.2%
CLH
Clean Harbors, Inc.

Waste Management

IndustrialsNYSE • US
Market Cap$15.34B
5Y Perf.+382.9%
BTE
Baytex Energy Corp.

Oil & Gas Exploration & Production

EnergyNYSE • CA
Market Cap$3.43B
5Y Perf.+887.2%
CVE
Cenovus Energy Inc.

Oil & Gas Integrated

EnergyNYSE • CA
Market Cap$53.24B
5Y Perf.+533.9%

VET vs MEG vs CLH vs BTE vs CVE — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
VET logoVET
MEG logoMEG
CLH logoCLH
BTE logoBTE
CVE logoCVE
IndustryOil & Gas Exploration & ProductionWaste ManagementWaste ManagementOil & Gas Exploration & ProductionOil & Gas Integrated
Market Cap$1.71B$566M$15.34B$3.43B$53.24B
Revenue (TTM)$1.81B$821M$6.06B$529M$49.40B
Net Income (TTM)$-814M$6M$395M$-740M$4.64B
Gross Margin35.9%39.0%30.0%-15.4%19.6%
Operating Margin20.2%2.0%11.2%16.1%14.0%
Forward P/E11.2x122.1x33.4x13.1x6.2x
Total Debt$1.30B$359M$3.45B$118M$17.00B
Cash & Equiv.$19M$11M$826M$952M$2.74B

VET vs MEG vs CLH vs BTE vs CVELong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

VET
MEG
CLH
BTE
CVE
StockJul 20Jun 26Return
Vermilion Energy In… (VET)100272.0+172.0%
Montrose Environmen… (MEG)10096.8-3.2%
Clean Harbors, Inc. (CLH)100482.9+382.9%
Baytex Energy Corp. (BTE)100987.2+887.2%
Cenovus Energy Inc. (CVE)100633.9+533.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: VET vs MEG vs CLH vs BTE vs CVE

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: CVE leads in 3 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Baytex Energy Corp. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. VET and MEG also each lead in at least one category. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
🥇CVE emerged as the overall leader. Track its performance:
VET
Vermilion Energy Inc.
The Income Pick

VET ranks third and is worth considering specifically for dividends.

  • 4.1% yield, 3-year raise streak, vs CVE's 2.0%, (1 stock pays no dividend)
Best for: dividends
MEG
Montrose Environmental Group, Inc.
The Growth Play

MEG is the clearest fit if your priority is growth exposure.

  • Rev growth 19.3%, EPS growth 93.7%, 3Y rev CAGR 15.1%
  • 19.3% revenue growth vs VET's -15.0%
Best for: growth exposure
CLH
Clean Harbors, Inc.
The Long-Run Compounder

CLH is the clearest fit if your priority is long-term compounding.

  • 451.2% 10Y total return vs CVE's 109.7%
Best for: long-term compounding
BTE
Baytex Energy Corp.
The Defensive Pick

BTE is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.

  • Lower volatility, beta 0.05, Low D/E 4.9%, current ratio 3.61x
  • Beta 0.05, yield 1.4%, current ratio 3.61x
  • Beta 0.05 vs MEG's 1.66, lower leverage
  • +134.1% vs MEG's -33.3%
Best for: sleep-well-at-night and defensive
CVE
Cenovus Energy Inc.
The Income Pick

CVE carries the broadest edge in this set and is the clearest fit for income & stability.

  • Dividend streak 5 yrs, beta 0.08, yield 2.0%
  • Lower P/E (6.2x vs 13.1x)
  • 9.4% margin vs BTE's -139.9%
  • 7.8% ROA vs VET's -13.8%, ROIC 7.9% vs 3.5%
Best for: income & stability
See the full category breakdown
CategoryWinnerWhy
GrowthMEG logoMEG19.3% revenue growth vs VET's -15.0%
ValueCVE logoCVELower P/E (6.2x vs 13.1x)
Quality / MarginsCVE logoCVE9.4% margin vs BTE's -139.9%
Stability / SafetyBTE logoBTEBeta 0.05 vs MEG's 1.66, lower leverage
DividendsVET logoVET4.1% yield, 3-year raise streak, vs CVE's 2.0%, (1 stock pays no dividend)
Momentum (1Y)BTE logoBTE+134.1% vs MEG's -33.3%
Efficiency (ROA)CVE logoCVE7.8% ROA vs VET's -13.8%, ROIC 7.9% vs 3.5%

VET vs MEG vs CLH vs BTE vs CVE — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

VETVermilion Energy Inc.

Segment breakdown not available.

MEGMontrose Environmental Group, Inc.
FY 2025
Assessment Permitting And Response
37.0%$307M
Remediation And Reuse
33.4%$277M
Measurement And Analysis
29.6%$246M
CLHClean Harbors, Inc.
FY 2025
Technical Services
30.8%$1.9B
Industrial Services And Other
22.0%$1.3B
Safetly-Kleen Environmental Services
21.8%$1.3B
Field and Emergency Response
15.5%$937M
Safety-Kleen Oil
9.8%$594M
BTEBaytex Energy Corp.

Segment breakdown not available.

CVECenovus Energy Inc.
FY 2020
Upstream
100.0%$58M

VET vs MEG vs CLH vs BTE vs CVE — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLMEGLAGGINGBTE

Income & Cash Flow (Last 12 Months)

CVE leads this category, winning 2 of 6 comparable metrics.

CVE is the larger business by revenue, generating $49.4B annually — 93.4x BTE's $529M. CVE is the more profitable business, keeping 9.4% of every revenue dollar as net income compared to BTE's -139.9%. On growth, CLH holds the edge at +1.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricVET logoVETVermilion Energy …MEG logoMEGMontrose Environm…CLH logoCLHClean Harbors, In…BTE logoBTEBaytex Energy Cor…CVE logoCVECenovus Energy In…
RevenueTrailing 12 months$1.8B$821M$6.1B$529M$49.4B
EBITDAEarnings before interest/tax$1.2B$67M$1.1B$412M$12.4B
Net IncomeAfter-tax profit-$814M$6M$395M-$740M$4.6B
Free Cash FlowCash after capex$301M$72M$466M$192M$4.4B
Gross MarginGross profit ÷ Revenue+35.9%+39.0%+30.0%-15.4%+19.6%
Operating MarginEBIT ÷ Revenue+20.2%+2.0%+11.2%+16.1%+14.0%
Net MarginNet income ÷ Revenue-44.9%+0.7%+6.5%-139.9%+9.4%
FCF MarginFCF ÷ Revenue+16.6%+8.7%+7.7%+36.4%+8.8%
Rev. Growth (YoY)Latest quarter vs prior year-16.4%-5.2%+1.9%-48.8%-12.8%
EPS Growth (YoY)Latest quarter vs prior year-10.9%+45.3%+9.2%-2.0%+78.7%
CVE leads this category, winning 2 of 6 comparable metrics.

Valuation Metrics

MEG leads this category, winning 3 of 6 comparable metrics.

At 18.4x trailing earnings, CVE trades at a 53% valuation discount to CLH's 39.5x P/E. On an enterprise value basis, VET's 3.9x EV/EBITDA is more attractive than CLH's 16.0x.

MetricVET logoVETVermilion Energy …MEG logoMEGMontrose Environm…CLH logoCLHClean Harbors, In…BTE logoBTEBaytex Energy Cor…CVE logoCVECenovus Energy In…
Market CapShares × price$1.7B$566M$15.3B$3.4B$53.2B
Enterprise ValueMkt cap + debt − cash$2.6B$913M$18.0B$2.8B$63.4B
Trailing P/EPrice ÷ TTM EPS-3.68x-111.71x39.53x-8.32x18.38x
Forward P/EPrice ÷ next-FY EPS est.11.20x122.09x33.44x13.08x6.18x
PEG RatioP/E ÷ EPS growth rate1.60x
EV / EBITDAEnterprise value multiple3.92x14.38x16.00x5.44x9.04x
Price / SalesMarket cap ÷ Revenue1.35x0.68x2.54x3.25x1.50x
Price / BookPrice ÷ Book value/share1.08x1.22x5.60x2.09x2.28x
Price / FCFMarket cap ÷ FCF7.32x6.21x34.73x19.49x21.86x
MEG leads this category, winning 3 of 6 comparable metrics.

Profitability & Efficiency

Evenly matched — BTE and CVE each lead in 4 of 9 comparable metrics.

CVE delivers a 15.2% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $-34 for VET. BTE carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to CLH's 1.26x. On the Piotroski fundamental quality scale (0–9), BTE scores 6/9 vs VET's 3/9, reflecting solid financial health.

MetricVET logoVETVermilion Energy …MEG logoMEGMontrose Environm…CLH logoCLHClean Harbors, In…BTE logoBTEBaytex Energy Cor…CVE logoCVECenovus Energy In…
ROE (TTM)Return on equity-33.7%+1.3%+14.4%-23.1%+15.2%
ROA (TTM)Return on assets-13.8%+0.6%+5.2%-13.6%+7.8%
ROICReturn on invested capital+3.5%+1.3%+9.8%+4.2%+7.9%
ROCEReturn on capital employed+3.3%+1.5%+10.6%+4.4%+8.2%
Piotroski ScoreFundamental quality 0–934566
Debt / EquityFinancial leverage0.59x0.80x1.26x0.05x0.54x
Net DebtTotal debt minus cash$1.3B$348M$2.6B-$834M$14.3B
Cash & Equiv.Liquid assets$19M$11M$826M$952M$2.7B
Total DebtShort + long-term debt$1.3B$359M$3.4B$118M$17.0B
Interest CoverageEBIT ÷ Interest expense2.53x4.67x6.34x0.33x11.80x
Evenly matched — BTE and CVE each lead in 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

CLH leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in CLH five years ago would be worth $30,987 today (with dividends reinvested), compared to $3,136 for MEG. Over the past 12 months, BTE leads with a +134.1% total return vs MEG's -33.3%. The 3-year compound annual growth rate (CAGR) favors CLH at 22.2% vs MEG's -28.2% — a key indicator of consistent wealth creation.

MetricVET logoVETVermilion Energy …MEG logoMEGMontrose Environm…CLH logoCLHClean Harbors, In…BTE logoBTEBaytex Energy Cor…CVE logoCVECenovus Energy In…
YTD ReturnYear-to-date+31.7%-37.1%+18.2%+41.1%+62.1%
1-Year ReturnPast 12 months+45.6%-33.3%+26.5%+134.1%+100.1%
3-Year ReturnCumulative with dividends+4.0%-63.0%+82.6%+45.6%+79.1%
5-Year ReturnCumulative with dividends+41.4%-68.6%+209.9%+164.8%+202.8%
10-Year ReturnCumulative with dividends-39.7%-30.1%+451.2%-18.6%+109.7%
CAGR (3Y)Annualised 3-year return+1.3%-28.2%+22.2%+13.3%+21.4%
CLH leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — VET and CLH each lead in 1 of 2 comparable metrics.

VET is the less volatile stock with a -0.18 beta — it tends to amplify market swings less than MEG's 1.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CLH currently trades 90.8% from its 52-week high vs MEG's 48.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricVET logoVETVermilion Energy …MEG logoMEGMontrose Environm…CLH logoCLHClean Harbors, In…BTE logoBTEBaytex Energy Cor…CVE logoCVECenovus Energy In…
Beta (5Y)Sensitivity to S&P 500-0.18x1.66x0.60x0.05x0.08x
52-Week HighHighest price in past year$14.82$32.00$316.98$5.36$32.07
52-Week LowLowest price in past year$7.00$14.13$201.34$1.76$13.47
% of 52W HighCurrent price vs 52-week peak+75.2%+48.9%+90.8%+86.6%+88.2%
RSI (14)Momentum oscillator 0–10040.925.847.943.648.8
Avg Volume (50D)Average daily shares traded1.3M444K506K19.0M7.9M
Evenly matched — VET and CLH each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — VET and CVE each lead in 1 of 2 comparable metrics.

Analyst consensus: VET as "Hold", MEG as "Buy", CLH as "Buy", BTE as "Buy", CVE as "Hold". Consensus price targets imply 215.4% upside for MEG (target: $49) vs -3.7% for VET (target: $11). For income investors, VET offers the higher dividend yield at 4.10% vs MEG's 0.76%.

MetricVET logoVETVermilion Energy …MEG logoMEGMontrose Environm…CLH logoCLHClean Harbors, In…BTE logoBTEBaytex Energy Cor…CVE logoCVECenovus Energy In…
Analyst RatingConsensus buy/hold/sellHoldBuyBuyBuyHold
Price TargetConsensus 12-month target$10.74$49.33$303.30$29.00
# AnalystsCovering analysts1012281627
Dividend YieldAnnual dividend ÷ price+4.1%+0.8%+1.4%+2.0%
Dividend StreakConsecutive years of raises30005
Dividend / ShareAnnual DPS$0.64$0.12$0.09$0.78
Buyback YieldShare repurchases ÷ mkt cap+1.5%+21.6%+1.6%+0.6%+3.4%
Evenly matched — VET and CVE each lead in 1 of 2 comparable metrics.
Key Takeaway

CVE leads in 1 of 6 categories (Income & Cash Flow). MEG leads in 1 (Valuation Metrics). 3 tied.

Best OverallMontrose Environmental Grou… (MEG)Leads 1 of 6 categories
Loading custom metrics...

VET vs MEG vs CLH vs BTE vs CVE: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is VET or MEG or CLH or BTE or CVE a better buy right now?

For growth investors, Montrose Environmental Group, Inc.

(MEG) is the stronger pick with 19. 3% revenue growth year-over-year, versus -15. 0% for Vermilion Energy Inc. (VET). Cenovus Energy Inc. (CVE) offers the better valuation at 18. 4x trailing P/E (6. 2x forward), making it the more compelling value choice. Analysts rate Montrose Environmental Group, Inc. (MEG) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — VET or MEG or CLH or BTE or CVE?

On trailing P/E, Cenovus Energy Inc.

(CVE) is the cheapest at 18. 4x versus Clean Harbors, Inc. at 39. 5x. On forward P/E, Cenovus Energy Inc. is actually cheaper at 6. 2x.

03

Which is the better long-term investment — VET or MEG or CLH or BTE or CVE?

Over the past 5 years, Clean Harbors, Inc.

(CLH) delivered a total return of +209. 9%, compared to -68. 6% for Montrose Environmental Group, Inc. (MEG). Over 10 years, the gap is even starker: CLH returned +451. 2% versus VET's -39. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — VET or MEG or CLH or BTE or CVE?

By beta (market sensitivity over 5 years), Vermilion Energy Inc.

(VET) is the lower-risk stock at -0. 18β versus Montrose Environmental Group, Inc. 's 1. 66β — meaning MEG is approximately -1007% more volatile than VET relative to the S&P 500. On balance sheet safety, Baytex Energy Corp. (BTE) carries a lower debt/equity ratio of 5% versus 126% for Clean Harbors, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — VET or MEG or CLH or BTE or CVE?

By revenue growth (latest reported year), Montrose Environmental Group, Inc.

(MEG) is pulling ahead at 19. 3% versus -15. 0% for Vermilion Energy Inc. (VET). On earnings-per-share growth, the picture is similar: Montrose Environmental Group, Inc. grew EPS 93. 7% year-over-year, compared to -1313. 3% for Vermilion Energy Inc.. Over a 3-year CAGR, MEG leads at 15. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — VET or MEG or CLH or BTE or CVE?

Cenovus Energy Inc.

(CVE) is the more profitable company, earning 7. 9% net margin versus -40. 8% for Baytex Energy Corp. — meaning it keeps 7. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BTE leads at 15. 3% versus 1. 5% for MEG. At the gross margin level — before operating expenses — MEG leads at 34. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is VET or MEG or CLH or BTE or CVE more undervalued right now?

On forward earnings alone, Cenovus Energy Inc.

(CVE) trades at 6. 2x forward P/E versus 122. 1x for Montrose Environmental Group, Inc. — 115. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MEG: 215. 4% to $49. 33.

08

Which pays a better dividend — VET or MEG or CLH or BTE or CVE?

In this comparison, VET (4.

1% yield), CVE (2. 0% yield), BTE (1. 4% yield), MEG (0. 8% yield) pay a dividend. CLH does not pay a meaningful dividend and should not be held primarily for income.

09

Is VET or MEG or CLH or BTE or CVE better for a retirement portfolio?

For long-horizon retirement investors, Vermilion Energy Inc.

(VET) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 18), 4. 1% yield). Montrose Environmental Group, Inc. (MEG) carries a higher beta of 1. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (VET: -39. 7%, MEG: -30. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between VET and MEG and CLH and BTE and CVE?

These companies operate in different sectors (VET (Energy) and MEG (Industrials) and CLH (Industrials) and BTE (Energy) and CVE (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: VET is a small-cap income-oriented stock; MEG is a small-cap high-growth stock; CLH is a mid-cap quality compounder stock; BTE is a small-cap quality compounder stock; CVE is a mid-cap quality compounder stock. VET, MEG, BTE, CVE pay a dividend while CLH does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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