Imperial Oil Limited (IMO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$4.17	$4.52	+8.4%	—	—	—
Q4 26	$2.4	$1.94	-19.2%	—	—	—
Q3 26	$1.89	$1.97	+4.2%	—	—	—
Q2 26	$1.96	$2.17	+10.7%	—	—	—
Q1 26	$1.61	$1.86	+15.5%	—	—	—
Q4 25	$2.16	$2.52	+16.7%	—	—	—
Q3 25	$2.18	$2.37	+8.7%	—	—	—
Q2 25	$2.01	$2.33	+15.9%	—	—	—
Q1 25	$1.94	$2.11	+8.8%	—	—	—
Q4 24	$2.09	$2.23	+6.7%	—	—	—
Q3 24	$2.09	$2.47	+18.2%	—	—	—
Q2 24	$2.6	$2.76	+6.2%	—	—	—
Q1 24	$1.34	$1.15	-14.2%	—	—	—
Q4 23	$1.85	$2.13	+15.1%	—	—	—
Q3 23	$2.61	$2.86	+9.6%	—	—	—
Q2 23	$2.85	$2.91	+2.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.5	—	—	$45.2B	—
FY24	—	$9.05	—	—	$35.9B	—
FY23	—	$8.51	—	—	$48.3B	—
FY22	—	$11.5	—	—	$57.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$23.4B	$27.5B	$33.3B	$32.2B	$20.5B	$35.6B	$57.2B	$48.3B	$35.9B	$45.2B
YoY change	-7.1%	+17.3%	+21.3%	-3.31%	-36.2%	+73.2%	+60.9%	-15.6%	-25.7%	+26%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	23.4B	27.5B	33.3B	32.2B	20.5B	35.6B	57.2B	48.3B	35.9B	45.2B
Cost of revenue	21.9B	25.9B	29.2B	29.1B	22.1B	31.5B	47B	41.2B	30.7B	39.7B
Gross profit	1.5B	1.5B	4.1B	3.1B	-1.6B	4.1B	10.2B	7.1B	5.2B	5.5B
Gross margin	6.61%	5.64%	12.3%	9.72%	-7.66%	11.6%	17.8%	14.7%	14.5%	12.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.2B	1B	1B	1B	862M	826M	899M	939M	696.4M	1.4B
Operating expenses	1.3B	1.2B	1B	1.1B	875M	858M	904M	944M	698.6M	1.4B
Operating income	204M	361M	3B	2B	-2.4B	3.3B	9.3B	6.2B	4.5B	4.1B
Operating margin	0.87%	1.32%	9.15%	6.34%	-11.9%	9.15%	16.2%	12.8%	12.5%	9.1%
Non-operating income, net	2.3B	299M	135M	99M	104M	82M	257M	267M	127.1M	160M
Pretax income	2.4B	582M	3.1B	2B	-2.4B	3.3B	9.5B	6.4B	4.6B	4.3B
Income tax	279M	92M	759M	-154M	-551M	804M	2.1B	1.5B	1.1B	994M
Net income	2.2B	490M	2.3B	2.2B	-1.9B	2.5B	7.3B	4.9B	3.5B	3.3B
Net margin	9.25%	1.78%	6.95%	6.83%	-9.04%	6.97%	12.8%	10.1%	9.81%	7.23%
EBITDA	1.8B	2.5B	4.6B	3.6B	825M	5.2B	11.2B	8.1B	5.9B	6.7B
EPS	2.55	0.58	2.87	2.88	-2.53	3.48	11.5	8.51	9.05	6.5
Diluted EPS	2.55	0.58	2.86	2.88	-2.53	3.48	11.4	8.49	9.03	6.48

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	13.2B	12.4B	11.7B	12.7B	8.9B	8.8B	11.9B	10.8B	11.6B	10.9B	12.1B	15.9B
Cost of revenue	10.9B	10.5B	9.9B	11B	7.7B	7.5B	10B	9.4B	10.3B	10B	10.5B	13B
Gross profit	2.3B	1.9B	1.8B	1.7B	1.3B	1.3B	1.9B	1.5B	1.3B	866M	1.6B	2.9B
Gross margin	17.6%	15.4%	15.4%	13.3%	14.3%	14.9%	16%	13.6%	11.2%	7.96%	13.4%	18.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	257M	250M	247M	222M	159.6M	187.3M	264M	257M	647M	259M	400M	146M
Operating expenses	258M	252M	248M	223M	160.3M	187.3M	266M	257M	648M	263M	403M	147M
Operating income	2.1B	1.7B	1.6B	1.5B	1.1B	1.1B	1.6B	1.2B	654M	603M	1.2B	2.8B
Operating margin	15.7%	13.4%	13.3%	11.6%	12.5%	12.7%	13.8%	11.3%	5.63%	5.54%	10.1%	17.6%
Non-operating income, net	47M	101M	34M	35M	31.3M	44.1M	51M	24M	55M	30M	30M	81M
Pretax income	2.1B	1.7B	1.6B	1.5B	1.1B	1.2B	1.7B	1.2B	701M	629M	1.2B	2.9B
Income tax	499M	375M	377M	356M	260.7M	257.1M	400M	295M	162M	137M	292M	670M
Net income	1.6B	1.4B	1.2B	1.1B	881.2M	899.9M	1.3B	949M	539M	492M	940M	2.2B
Net margin	12.1%	11%	10.3%	8.93%	9.85%	10.3%	10.8%	8.76%	4.64%	4.52%	7.79%	13.8%
EBITDA	2.5B	2.1B	2B	1.9B	1.5B	1.5B	2.2B	1.7B	1.6B	1.3B	1.7B	3.3B
EPS	2.77	2.47	2.23	2.11	2.33	2.38	2.53	1.86	1.07	1.01	1.94	—
Diluted EPS	2.76	2.47	2.23	2.11	2.33	2.37	2.52	1.86	1.07	1	1.94	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	42.8B	38.2B	29.7B	29.3B	20.3B	37.4B	—	—	—	—	60.8B
Enterprise value	47.7B	42.2B	33.9B	32.9B	24.8B	40.5B	—	—	—	—	43B
Shares outstanding	1.2B	1.2B	1.2B	1.1B	1.1B	1B	929.8M	761.3M	373.9M	502.8M	502.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.8	78	12.8	13.3	—	15.1	—	—	—	—	20.5
P/S	1.83	1.39	0.89	0.91	0.99	1.05	—	—	—	—	1.19
P/B	1.71	1.56	1.21	1.21	0.95	1.72	—	—	—	—	3.38
EV/EBITDA	25.9	16.7	7.44	9.06	30.1	7.75	—	—	—	—	7.42
EV/Sales	2.04	1.54	1.02	1.02	1.21	1.14	—	—	—	—	1.18
Earnings yield	5.06%	1.28%	7.79%	7.5%	—	6.63%	—	—	—	—	4.88%
FCF yield	2.2%	4.63%	8.18%	9.52%	-0.34%	11.7%	—	—	—	—	5.34%
PEG	—	—	—	—	—	—	—	—	—	—	14.2

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	6.61%	5.64%	12.3%	9.72%	-7.66%	11.6%	17.8%	14.7%	14.5%	12.3%	18.5%
Operating margin	0.87%	1.32%	9.15%	6.34%	-11.9%	9.15%	16.2%	12.8%	12.5%	9.1%	17.5%
Net margin	9.25%	1.78%	6.95%	6.83%	-9.04%	6.97%	12.8%	10.1%	9.81%	7.23%	8.06%
ROE	8.65%	2.01%	9.45%	9.06%	-8.67%	11.4%	32.7%	22%	20.4%	14.7%	16.8%
ROA	5.2%	1.18%	5.58%	5.21%	-4.88%	6.08%	16.9%	11.9%	11.2%	7.72%	8.15%
ROIC	0.61%	1.07%	8%	7.31%	-9.44%	9.87%	31.3%	18.5%	17.6%	12.5%	15.6%
Return on tangible assets	5.24%	1.19%	5.63%	5.26%	-4.93%	6.13%	17%	12%	11.2%	7.79%	8.75%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.99	1.31	1.35	1.38	1.34	1.41	1.21	1.26	1.33	1.27	1.38
Quick ratio	0.62	0.94	0.89	0.96	0.8	1.08	0.95	0.81	0.96	0.83	1.09
Debt / equity	0.21	0.21	0.21	0.22	0.25	0.24	0.19	0.19	0.18	0.19	0.17
Debt / assets	0.13	0.13	0.12	0.13	0.14	0.13	0.1	0.1	0.1	0.1	0.09
Net debt / EBITDA	2.63	1.58	0.92	0.99	5.46	0.61	0.05	0.42	0.39	0.45	0.16
Interest coverage	34.9	8.46	29.5	23	-36.6	61.8	159.1	93.3	153.2	164.9	130.1
Effective tax rate	11.4%	15.8%	24.7%	0%	0%	24.5%	22.6%	23.2%	23.2%	23.3%	23.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19	22.4	28.4	29.1	19.2	34.4	61.6	63.4	95.9	89.9	105.4
EPS (basic)	2.55	0.58	2.87	2.88	-2.53	3.48	11.5	8.51	9.05	6.5	6.5
EPS (diluted)	2.55	0.58	2.86	2.88	-2.53	3.48	11.4	8.49	9.03	6.48	6.04
Book value per share	20.3	20	20.9	21.9	20	21	24.1	29.2	46.1	44.3	36.7
FCF per share	0.76	1.45	2.07	2.52	-0.07	4.22	9.63	2.56	8.08	9.35	10.4
Cash per share	0.32	0.98	0.84	1.55	0.72	2.08	4.03	1.13	1.92	2.27	5.87
Capex per share	0.87	0.81	1.27	1.48	0.81	1.07	1.64	2.34	3.67	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.59%	3.62%	4.48%	5.08%	4.22%	3.11%	2.67%	3.7%	3.82%	—	—
Capex / operating cash flow	23.6%	25.2%	36.4%	36%	94.5%	21%	17.4%	29.1%	30.3%	—	—
Payout ratio	22.7%	106.9%	24.7%	28.7%	-34.9%	28.5%	11.6%	22.6%	25.8%	42.9%	37.2%
Dividend yield	1.15%	1.37%	1.93%	2.15%	3.19%	1.89%	—	—	—	—	2.07%

Yield

2.07%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.631

ex-dividend Sep 4, 2026

Payout ratio

37%

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.631
Jun 4, 2026	$0.626
Mar 5, 2026	$0.638

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$13.2B	$12.4B	$11.7B	$12.7B	$8.9B	$8.8B	$11.9B	$10.8B	$11.6B	$10.9B	$12.1B	$15.9B
YoY change	-8.75%	-10.5%	+1.13%	+13.7%	-32.3%	-29.3%	+1.85%	-14.6%	+29.9%	+24.2%	+1.63%	+46.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	391M	1.2B	988M	1.7B	771M	2.2B	3.7B	864M	719.2M	1.1B
Receivables	2B	2.7B	2.5B	2.7B	1.9B	3.9B	4.7B	4.5B	4.2B	4.4B
Inventory	1.4B	1.5B	1.8B	1.9B	1.8B	1.8B	2.3B	3B	1.9B	2.9B
Total current assets	3.8B	5.4B	5.4B	6.3B	4.5B	7.8B	10.7B	8.3B	6.9B	8.4B
Property, plant & equipment	-17.2B	-18.3B	-19.7B	-20.7B	-23.7B	-25.5B	-24.1B	-25.4B	-20B	-29.2B
Goodwill & intangibles	372M	372M	372M	372M	332M	332M	332M	332M	243.9M	332M
Total assets	41.7B	41.6B	41.5B	42.2B	38B	40.8B	43.5B	41.2B	31.5B	42.3B
Accounts payable	2.8B	3.4B	3.3B	3.9B	2.8B	4.8B	5.7B	5B	4.1B	4.7B
Short-term debt	202M	202M	202M	229M	227M	122M	122M	121M	14M	19M
Total current liabilities	3.9B	4.1B	4B	4.6B	3.4B	5.6B	8.9B	6.6B	5.1B	6.6B
Long-term debt	5B	5B	5B	5.1B	5.1B	5.2B	4.2B	4.1B	3B	4.1B
Total liabilities	16.6B	17.2B	17B	17.9B	16.6B	19B	21.1B	19B	14.3B	20.1B
Shareholders' equity	25B	24.4B	24.5B	24.3B	21.4B	21.7B	22.4B	22.2B	17.2B	22.3B
Total debt	5.2B	5.2B	5.2B	5.3B	5.3B	5.3B	4.3B	4.2B	3.1B	4.1B
Net debt	4.8B	4B	4.2B	3.6B	4.5B	3.2B	557M	3.4B	2.3B	3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	2.7B	864M	1.2B	2B	1.1B	719.2M	1.8B	2.4B	1.9B	1.1B	1B	2.8B
Receivables	5.4B	4.5B	5.2B	6.1B	3.9B	4.2B	5.8B	5.6B	5.2B	4.4B	7.6B	8.2B
Inventory	2.7B	3B	3.1B	2.9B	1.7B	1.9B	2.9B	2.7B	2.9B	2.9B	2.8B	2.9B
Total current assets	10.8B	8.3B	9.5B	11B	6.7B	6.9B	10.4B	10.7B	10B	8.4B	11.5B	13.9B
Property, plant & equipment	-25.4B	-25.4B	-25.8B	-26.3B	-19.1B	-20B	-27.7B	-28.2B	-29.1B	-29.2B	-29.6B	-30.1B
Goodwill & intangibles	332M	332M	332M	332M	236.5M	243.9M	332M	332M	332M	332M	332M	332M
Total assets	43.6B	41.2B	42.5B	44.1B	30.3B	31.5B	43.9B	44.2B	43B	42.3B	45.5B	47.9B
Accounts payable	6.9B	5B	6.6B	7.7B	4.5B	4.1B	7B	6.7B	6.7B	4.7B	9.2B	9.6B
Short-term debt	228M	121M	198M	118M	84.1M	14M	18M	19M	18M	19M	19M	19M
Total current liabilities	7.8B	6.6B	7.1B	7.9B	4.6B	5.1B	7B	6.7B	6.8B	6.6B	9.3B	10.1B
Long-term debt	4.1B	4.1B	4.1B	4.2B	3B	3B	4.1B	4.1B	4.1B	4.1B	4.1B	4.1B
Total liabilities	19.8B	19B	19.4B	20.2B	13.5B	14.3B	19.5B	19.2B	19.3B	20.1B	22.7B	23.3B
Shareholders' equity	23.8B	22.2B	23.1B	23.9B	16.8B	17.2B	24.4B	25B	23.7B	22.3B	22.7B	24.5B
Total debt	4.4B	4.2B	4.3B	4.3B	3B	3.1B	4.2B	4.1B	4.1B	4.1B	4.1B	4.1B
Net debt	1.7B	3.4B	3.1B	2.3B	2B	2.3B	2.4B	1.8B	2.3B	3B	3.1B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.2B	490M	2.3B	2.2B	-1.9B	2.5B	7.3B	4.9B	3.5B	3.3B
Depreciation & amortization	1.6B	2.2B	1.5B	1.6B	3.3B	2B	1.9B	1.9B	1.5B	2.6B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	316M	431M	-707M	873M	-229M	115M	-391M	-370M	-238.8M	754M
Operating cash flow	4.5B	3.9B	4.1B	4.5B	919M	5.3B	8.8B	6.1B	4.5B	6.7B
Capital expenditure	-1.1B	-993M	-1.5B	-1.6B	-868M	-1.1B	-1.5B	-1.8B	-1.4B	—
Investing cash flow	1.9B	-781M	-1.6B	-1.7B	-802M	-1B	-618M	-1.7B	-1.3B	113M
Dividends paid	-492M	-524M	-572M	-631M	-649M	-706M	-851M	-1.1B	-909.5M	-1.4B
Share repurchases	0	-627M	-2B	-1.4B	-274M	-2.2B	-6.4B	-3.8B	-2B	-3.2B
Financing cash flow	-3.8B	-1.2B	-2.6B	-2B	-943M	-3.1B	-8.3B	-4.9B	-3B	-4.7B
Net change in cash	2.7B	2B	-36M	842M	-826M	1.2B	-122M	-481M	222.6M	2.2B
Free cash flow	942M	1.8B	2.4B	2.8B	-70M	4.4B	9B	1.9B	3B	4.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.6B	1.4B	1.2B	1.1B	881.2M	899.9M	1.3B	949M	539M	492M	940M	2.2B
Depreciation & amortization	475M	489M	490M	456M	361.9M	388.6M	531M	478M	911M	659M	520M	511M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	179M	-321M	-211M	48M	-187.4M	74.2M	-152M	52M	180M	674M	-607M	-192M
Operating cash flow	2.1B	1.5B	1.3B	1.6B	1.1B	1.3B	1.6B	1.5B	1.8B	1.9B	756M	2.7B
Capital expenditure	-387M	-470M	-497M	-461M	-346.2M	-310.7M	-398M	—	—	—	—	—
Investing cash flow	-380M	-411M	-481M	-456M	-344.8M	-296.8M	-377M	-1M	22M	71M	25M	60M
Dividends paid	-292M	-288M	-278M	-321M	-229.4M	-232.9M	-307M	-367M	-366M	-361M	-350M	-421M
Share repurchases	-1.3B	-2.5B	0	0	-859.1M	-1.1B	-54M	0	-1.5B	-1.7B	-64M	0
Financing cash flow	-1.6B	-2.8B	-283M	-329M	-1.1B	-1.3B	-365M	-371M	-1.8B	-2.1B	-419M	-424M
Net change in cash	103M	-1.6B	548M	772M	-342.7M	-320.3M	876M	1.1B	-21M	-87M	362M	2.3B
Free cash flow	2B	841M	579M	1.2B	713.1M	1B	1.1B	994M	1.3B	1.3B	281M	2.2B

Date	Ratio
May 30, 2006	3:1
Jun 1, 1998	1:1
May 27, 1998	3:1

Imperial Oil Limited Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history