IMO Energy

Imperial Oil Limited

$134.29+0.55%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Energy
Industry: Oil & Gas Integrated
Country: Canada
Market cap: 66.8B USD
Enterprise value: 65.2B USD
Full-time employees: 5,000

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 0.81 vs a peer median of 0.57), though less than the overall marketbigger price swings (beta 0.81 vs peers 0.57)
About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #200 of 363 energy companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out CAD 13.5B vs CAD 10.8B of free cash flow over the 3 fiscal years to 2025.
Imperial Oil returned CAD 13.5B to shareholders over three years, 125% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Share count shrinking. Shares outstanding down 17% from December 2022 to June 2026.
Imperial Oil had 17% fewer shares at June 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 121% of reported profit.
Imperial Oil's free cash flow is 121% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

49/ 100▼ 1 since Oct 27 close

Oct 5 49 → Nov 4 49

Valuation

Is the price right?

32/100

Weak▼ 4 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 36 → 32

Share price +4.2%-4

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.5%

SEC filings · 12 months to Jun 2026 · CAD→USD at the current rateReported value30% base weight · Z-score -0.19Sector median: 0.0522 · MAD: 0.0351

EBITDA yield8.5%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedReported value50% base weight · Z-score -0.70Sector median: 0.1209 · MAD: 0.0518

Free cash flow yield5.5%

SEC filings · 12 months to Jun 2026 · CAD→USD at the current rate · operating cash flow − capital spendingReported value20% base weight · Z-score -0.14Sector median: 0.0618 · MAD: 0.0491

Other data (not scored)

Book yield26.8%

SEC filings · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5851 · MAD: 0.2677

Growth

Is it growing?

47/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 10.3%

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-6.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.23Sector median: 0.0107 · MAD: 0.3431

3-year revenue growth-1.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.03Sector median: -0.0135 · MAD: 0.0807

Revenue growth4.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.36Sector median: 0.0050 · MAD: 0.1101

Profitability

Does it earn well?

60/100

Moderate

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin9.1%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.28Sector median: 0.1169 · MAD: 0.0936

Return on assets8.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.41Sector median: 0.0444 · MAD: 0.0302

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0929 · MAD: 0.0648

Other data (not scored)

Gross margin18.1%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3310 · MAD: 0.1935

Return on equity17.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.1014 · MAD: 0.0743

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 57 → 56

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.81

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.98Sector median: 0.5680 · MAD: 0.2415

Current ratio1.38×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.01Sector median: 1.3710 · MAD: 0.5060

Debt / equity0.14×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.02Sector median: 0.4659 · MAD: 0.3175

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Imperial Oil

Is Imperial Oil getting weaker?: Its latest SEC filing (Aug 3, 2026) showed no major changes. Its overall score is 49/100, down 1 since Oct 28, 2026.
How is Imperial Oil valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 32/100 against 404 energy peers. EBITDA yield 8.5% vs a peer median of 12.1% (weaker than 70% of peers).EBITDA yield 8.5% vs peers 12.1% (weaker than 70% of peers).
Is Imperial Oil growing?: At about the same pace as its peers. Growth scores 47/100 against 404 energy peers.
How profitable is Imperial Oil?: More profitable than most of its peers. Profitability scores 60/100 against 404 energy peers. Return on assets 8.7% vs a peer median of 4.4% (stronger than 82% of peers).Return on assets 8.7% vs peers 4.4% (stronger than 82% of peers).
How risky is Imperial Oil?: Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Debt / equity 0.14× vs a peer median of 0.47× (stronger than 83% of peers).Debt / equity 0.14× vs peers 0.47× (stronger than 83% of peers). Beta 0.81 vs a peer median of 0.57 (weaker than 73% of peers).Beta 0.81 vs peers 0.57 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 3, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	47.0B CAD	51.8B CAD	+10.3%
Net income (12 months)	2.9B CAD	4.2B CAD	+42.5%
Free cash flow (12 months)	3.9B CAD	5.0B CAD	+30.6%
Debt	3.5B CAD	3.5B CAD	0.0%
Cash	1.0B CAD	2.8B CAD	+175.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	6.6%	12.3%	9.6%	9.3%	6.9%	▼ 2.4 pts
Return on assets (ROA)	6.1%	16.9%	11.9%	11.2%	7.7%	▼ 3.4 pts
Return on equity (ROE)	11.4%	32.7%	22.0%	20.4%	14.7%	▼ 5.7 pts
Free cash flow margin	11.6%	15.0%	3.8%	8.0%	10.0%	▲ 2.0 pts
Current ratio	1.41×	1.21×	1.26×	1.33×	1.27×	▼ 4.7%
Debt to equity	0.21×	0.16×	0.16×	0.15×	0.16×	▲ 5.5%

IMO price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 0.81 vs a peer median of 0.57), though less than the overall marketbigger price swings (beta 0.81 vs peers 0.57)

About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #200 of 363 energy companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out CAD 13.5B vs CAD 10.8B of free cash flow over the 3 fiscal years to 2025.

Imperial Oil returned CAD 13.5B to shareholders over three years, 125% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Share count shrinking. Shares outstanding down 17% from December 2022 to June 2026.

Imperial Oil had 17% fewer shares at June 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Profit is backed by cash. Free cash flow is 121% of reported profit.

Imperial Oil's free cash flow is 121% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Imperial Oil

Is Imperial Oil getting weaker?

Its latest SEC filing (Aug 3, 2026) showed no major changes. Its overall score is 49/100, down 1 since Oct 28, 2026.

How is Imperial Oil valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 32/100 against 404 energy peers. EBITDA yield 8.5% vs a peer median of 12.1% (weaker than 70% of peers).EBITDA yield 8.5% vs peers 12.1% (weaker than 70% of peers).

Is Imperial Oil growing?

At about the same pace as its peers. Growth scores 47/100 against 404 energy peers.

How profitable is Imperial Oil?

More profitable than most of its peers. Profitability scores 60/100 against 404 energy peers. Return on assets 8.7% vs a peer median of 4.4% (stronger than 82% of peers).Return on assets 8.7% vs peers 4.4% (stronger than 82% of peers).

How risky is Imperial Oil?

Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Debt / equity 0.14× vs a peer median of 0.47× (stronger than 83% of peers).Debt / equity 0.14× vs peers 0.47× (stronger than 83% of peers). Beta 0.81 vs a peer median of 0.57 (weaker than 73% of peers).Beta 0.81 vs peers 0.57 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

47.0B CAD

51.8B CAD

+10.3%

Net income (12 months)

2.9B CAD

4.2B CAD

+42.5%

Free cash flow (12 months)

3.9B CAD

5.0B CAD

+30.6%

Debt

3.5B CAD

3.5B CAD

0.0%

Cash

1.0B CAD

2.8B CAD

+175.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

6.6%

12.3%

9.6%

9.3%

6.9%

▼ 2.4 pts

Return on assets (ROA)

6.1%

16.9%

11.9%

11.2%

7.7%

▼ 3.4 pts

Return on equity (ROE)

11.4%

32.7%

22.0%

20.4%

14.7%

▼ 5.7 pts

Free cash flow margin

11.6%

15.0%

3.8%

8.0%

10.0%

▲ 2.0 pts

Current ratio

1.41×

1.21×

1.26×

1.33×

1.27×

▼ 4.7%

Debt to equity

0.21×

0.16×

0.15×

0.16×

▲ 5.5%