NYSEAMERICAN : IMO
Imperial Oil Limited — Financial statements
Energy · Oil & Gas Integrated · Canada
Last price 138.1 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 65.45B
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Financial statements
Imperial Oil Limited (IMO) reported revenue of 55.83B CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 55.83B | 46.92B | 51.36B | 50.70B | 59.41B | 37.51B |
| Cost of Revenue | 44.61B | 38.79B | 42.32B | 41.68B | 47.33B | 31.42B |
| Gross Profit | 11.22B | 8.13B | 9.04B | 9.02B | 12.09B | 6.09B |
| Selling, General & Admin | 863.00M | 1.10B | 948.00M | 939.00M | 899.00M | 826.00M |
| Operating Expenses | 3.07B | 3.28B | 2.93B | 2.85B | 2.80B | 2.83B |
| Operating Income | 8.15B | 4.85B | 6.11B | 6.17B | 9.29B | 3.25B |
| Interest Expense | -56.00M | -26.00M | -41.00M | -69.00M | -60.00M | -54.00M |
| Interest & Investment Income | 165.00M | 165.00M | 155.00M | 194.00M | 99.00M | 33.00M |
| Other Non Operating Income (Expenses) | 14.00M | 14.00M | ||||
| EBT Excluding Unusual Items | 8.28B | 5.00B | 6.22B | 6.30B | 9.33B | 3.23B |
| Merger & Restructuring Charges | -330.00M | -330.00M | ||||
| Gain (Loss) on Sale of Assets | -5.00M | -5.00M | 18.00M | 73.00M | 158.00M | 49.00M |
| Asset Writedown | -406.00M | |||||
| Pretax Income | 7.94B | 4.26B | 6.24B | 6.37B | 9.48B | 3.28B |
| Income Tax Expense | 1.86B | 994.00M | 1.45B | 1.48B | 2.14B | 804.00M |
| Net Income | 6.08B | 3.27B | 4.79B | 4.89B | 7.34B | 2.48B |
| Net Income to Common | 6.08B | 3.27B | 4.79B | 4.89B | 7.34B | 2.48B |
| Shares Outstanding (Basic) | 483.52M | 502.80M | 529.40M | 574.80M | 640.20M | 711.60M |
| Shares Outstanding (Diluted) | 485.02M | 504.00M | 530.60M | 575.90M | 641.50M | 713.20M |
| EPS (Basic) | 12.57 | 6.50 | 9.05 | 8.51 | 11.47 | 3.48 |
| EPS (Diluted) | 12.52 | 6.48 | 9.03 | 8.49 | 11.44 | 3.48 |
| Free Cash Flow | 6.31B | 4.70B | 4.11B | 1.95B | 8.96B | 4.37B |
| Free Cash Flow Per Share | 13.00 | 9.33 | 7.75 | 3.38 | 13.96 | 6.12 |
| Dividend Per Share | 3.33 | 2.88 | 2.40 | 1.94 | 1.46 | 1.03 |
| Gross Margin | 20.09% | 17.32% | 17.60% | 17.79% | 20.35% | 16.24% |
| Operating Margin | 14.60% | 10.34% | 11.89% | 12.17% | 15.63% | 8.68% |
| Profit Margin | 10.88% | 6.97% | 9.33% | 9.64% | 12.35% | 6.61% |
| Free Cash Flow Margin | 11.30% | 10.02% | 8.01% | 3.84% | 15.07% | 11.65% |
| EBITDA | 10.34B | 7.02B | 8.09B | 8.08B | 11.18B | 5.23B |
| EBITDA Margin | 18.52% | 14.97% | 15.75% | 15.93% | 18.82% | 13.95% |
| D&A For EBITDA | 2.19B | 2.17B | 1.98B | 1.91B | 1.90B | 1.98B |
| EBIT | 8.15B | 4.85B | 6.11B | 6.17B | 9.29B | 3.25B |
| EBIT Margin | 14.60% | 10.34% | 11.89% | 12.17% | 15.63% | 8.68% |
| Effective Tax Rate | 23.48% | 23.32% | 23.23% | 23.24% | 22.61% | 24.49% |
| Revenue as Reported | 47.08B | 47.08B | 51.53B | 50.97B | 59.67B | 37.59B |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.14B | 979.00M | 864.00M | 3.75B | 2.15B | |
| Cash & Short-Term Investments | 2.84B | 1.14B | 979.00M | 864.00M | 3.75B | 2.15B |
| Receivables | 4.37B | 5.76B | 4.48B | 4.72B | 3.87B | |
| Inventory | 2.90B | 2.62B | 2.95B | 2.27B | 1.79B | |
| Total Current Assets | 8.42B | 9.35B | 8.30B | 10.74B | 7.81B | |
| Property, Plant & Equipment | 31.15B | 31.05B | 31.03B | 30.75B | 31.48B | |
| Long-Term Investments | 1.10B | 1.08B | 1.06B | 893.00M | 757.00M | |
| Goodwill | 166.00M | 166.00M | 166.00M | 166.00M | 166.00M | |
| Other Long-Term Assets | 1.48B | 1.29B | 642.00M | 978.00M | 561.00M | |
| Total Assets | 42.31B | 42.94B | 41.20B | 43.52B | 40.78B | |
| Accounts Payable | 4.23B | 4.88B | 4.67B | 5.46B | 4.51B | |
| Accrued Expenses | 456.00M | 585.00M | 517.00M | 521.00M | 471.00M | |
| Short-Term Debt | 1.00M | 100.00M | 100.00M | 100.00M | ||
| Current Portion of Leases | 106.00M | 118.00M | 108.00M | 122.00M | 124.00M | |
| Current Income Taxes Payable | 2.00M | 81.00M | 251.00M | 2.58B | 248.00M | |
| Other Current Liabilities | 1.82B | 1.34B | 961.00M | 116.00M | 102.00M | |
| Total Current Liabilities | 6.62B | 7.01B | 6.60B | 8.90B | 5.55B | |
| Long-Term Debt | 3.45B | 3.45B | 3.45B | 3.45B | 4.45B | |
| Long-Term Leases | 680.00M | 689.00M | 675.00M | 737.00M | 754.00M | |
| Pension & Post-Retirement Benefits | 811.00M | 846.00M | 954.00M | 902.00M | 1.36B | |
| Long-Term Deferred Tax Liabilities | 4.50B | 4.60B | 4.51B | 4.71B | 4.54B | |
| Other Long-Term Liabilities | 4.00B | 2.88B | 2.79B | 2.41B | 2.39B | |
| Total Liabilities | 20.05B | 19.46B | 18.98B | 21.11B | 19.05B | |
| Common Stock | 895.00M | 942.00M | 992.00M | 1.08B | 1.25B | |
| Retained Earnings | 21.37B | 22.75B | 21.91B | 21.85B | 21.66B | |
| Comprehensive Income & Other | -14.00M | -214.00M | -677.00M | -512.00M | -1.18B | |
| Shareholders' Equity | 24.54B | 22.25B | 23.47B | 22.22B | 22.41B | 21.73B |
| Total Liabilities & Equity | 42.31B | 42.94B | 41.20B | 43.52B | 40.78B | |
| Total Debt | 4.20B | 4.23B | 4.25B | 4.33B | 4.41B | 5.42B |
| Net Cash (Debt) | -1.36B | -3.09B | -3.28B | -3.47B | -657.00M | -3.27B |
| Net Cash Per Share | -2.81 | -6.13 | -6.17 | -6.02 | -1.02 | -4.59 |
| Filing Date Shares Outstanding | 472.00M | 483.59M | 509.04M | 535.84M | 584.15M | 669.14M |
| Total Common Shares Outstanding | 472.00M | 483.59M | 509.04M | 535.84M | 584.15M | 678.08M |
| Working Capital | 1.80B | 2.35B | 1.70B | 1.84B | 2.26B | |
| Book Value Per Share | 50.75 | 46.02 | 46.11 | 41.47 | 38.37 | 32.05 |
| Tangible Book Value | 24.38B | 22.09B | 23.31B | 22.06B | 22.25B | 21.57B |
| Tangible Book Value Per Share | 50.41 | 45.67 | 45.79 | 41.16 | 38.08 | 31.81 |
| Construction In Progress | 3.47B | 3.63B | 3.25B | 2.68B | 2.35B |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.08B | 3.27B | 4.79B | 4.89B | 7.34B | 2.48B |
| Depreciation & Amortization | 2.19B | 2.17B | 1.98B | 1.91B | 1.90B | 1.98B |
| Loss (Gain) From Sale of Assets | -65.00M | 5.00M | -18.00M | -73.00M | -158.00M | -49.00M |
| Asset Writedown & Restructuring Costs | 406.00M | |||||
| Other Operating Activities | -223.00M | 181.00M | -279.00M | -288.00M | -82.00M | 706.00M |
| Change in Accounts Receivable | 1.39B | 1.39B | -1.28B | 237.00M | -862.00M | -1.95B |
| Change in Inventory | -287.00M | -287.00M | 335.00M | -688.00M | -477.00M | 45.00M |
| Change in Accounts Payable | -346.00M | -346.00M | 616.00M | 81.00M | 948.00M | 2.02B |
| Change in Income Taxes | -79.00M | -79.00M | -170.00M | -2.33B | 1.88B | 248.00M |
| Change in Other Net Operating Assets | -47.00M | |||||
| Operating Cash Flow | 8.61B | 6.71B | 5.98B | 3.73B | 10.48B | 5.48B |
| Capital Expenditures | -2.30B | -2.00B | -1.87B | -1.78B | -1.53B | -1.11B |
| Sale of Property, Plant & Equipment | 132.00M | 101.00M | 25.00M | 86.00M | 904.00M | 81.00M |
| Investment in Securities | -4.00M | -6.00M | ||||
| Investing Cash Flow | -2.14B | -1.89B | -1.82B | -1.69B | -618.00M | -1.01B |
| Short-Term Debt Repaid | -100.00M | -111.00M | ||||
| Long-Term Debt Repaid | -18.00M | -22.00M | -22.00M | -1.02B | -20.00M | |
| Total Debt Repaid | -18.00M | -18.00M | -122.00M | -22.00M | -1.02B | -131.00M |
| Net Debt Issued (Repaid) | -18.00M | -18.00M | -122.00M | -22.00M | -1.02B | -131.00M |
| Repurchase of Common Stock | -3.85B | -3.23B | -2.68B | -3.80B | -6.39B | -2.25B |
| Common Dividends Paid | -1.55B | -1.40B | -1.24B | -1.10B | -851.00M | -706.00M |
| Financing Cash Flow | -5.43B | -4.65B | -4.04B | -4.92B | -8.27B | -3.08B |
| Net Cash Flow | 1.03B | 163.00M | 115.00M | -2.88B | 1.60B | 1.38B |
| Free Cash Flow | 6.31B | 4.70B | 4.11B | 1.95B | 8.96B | 4.37B |
| Free Cash Flow Margin | 11.30% | 10.02% | 8.01% | 3.84% | 15.07% | 11.65% |
| Free Cash Flow Per Share | 13.00 | 9.33 | 7.75 | 3.38 | 13.96 | 6.12 |
| Levered Free Cash Flow | 4.12B | 3.58B | 1.26B | 8.26B | 3.33B | |
| Unlevered Free Cash Flow | 4.13B | 3.60B | 1.30B | 8.30B | 3.36B | |
| Cash Interest Paid | 28.00M | 28.00M | 42.00M | 69.00M | 60.00M | 43.00M |
| Cash Income Tax Paid | 1.44B | 1.44B | 1.77B | 4.15B | 374.00M | -58.00M |
| Change in Working Capital | 628.00M | 675.00M | -495.00M | -2.70B | 1.49B | 363.00M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 64.62B | 42.97B | 31.88B | 30.63B | 28.46B | 24.97B |
| Enterprise Value | 65.60B | 44.69B | 33.88B | 31.88B | 29.05B | 27.81B |
| Last Close Price | 138.10 | 85.02 | 59.11 | 53.51 | 44.36 | 32.15 |
| PE Ratio | 15.23 | 18.03 | 9.58 | 8.27 | 5.25 | 12.75 |
| PS Ratio | 1.66 | 1.26 | 0.89 | 0.80 | 0.65 | 0.84 |
| PB Ratio | 3.79 | 2.65 | 1.95 | 1.82 | 1.72 | 1.45 |
| P/TBV Ratio | 3.81 | 2.67 | 1.97 | 1.83 | 1.73 | 1.47 |
| P/FCF Ratio | 14.50 | 12.53 | 11.15 | 20.75 | 4.30 | 7.24 |
| P/OCF Ratio | 10.63 | 8.78 | 7.67 | 10.83 | 3.67 | 5.77 |
| EV/Sales Ratio | 1.69 | 1.31 | 0.95 | 0.83 | 0.66 | 0.94 |
| EV/EBITDA Ratio | 9.12 | 8.73 | 6.03 | 5.21 | 3.52 | 6.73 |
| EV/EBIT Ratio | 11.57 | 12.63 | 7.98 | 6.82 | 4.23 | 10.81 |
| EV/FCF Ratio | 14.72 | 13.03 | 11.85 | 21.60 | 4.39 | 8.06 |
| Debt / Equity Ratio | 0.17 | 0.19 | 0.18 | 0.20 | 0.20 | 0.25 |
| Debt / EBITDA Ratio | 0.41 | 0.58 | 0.52 | 0.53 | 0.39 | 1.01 |
| Debt / FCF Ratio | 0.67 | 0.90 | 1.03 | 2.22 | 0.49 | 1.24 |
| Net Debt / Equity Ratio | 0.06 | 0.14 | 0.14 | 0.16 | 0.03 | 0.15 |
| Net Debt / EBITDA Ratio | 0.13 | 0.44 | 0.41 | 0.43 | 0.06 | 0.62 |
| Net Debt / FCF Ratio | 0.22 | 0.66 | 0.80 | 1.78 | 0.07 | 0.75 |
| Asset Turnover | 1.10 | 1.22 | 1.20 | 1.41 | 0.95 | |
| Inventory Turnover | 14.05 | 15.20 | 15.97 | 23.32 | 17.33 | |
| Quick Ratio | 0.83 | 0.96 | 0.81 | 0.95 | 1.08 | |
| Current Ratio | 1.27 | 1.33 | 1.26 | 1.21 | 1.41 | |
| Return on Equity (ROE) | 14.29% | 20.96% | 21.91% | 33.25% | 11.49% | |
| Return on Assets (ROA) | 7.11% | 9.07% | 9.11% | 13.77% | 5.16% | |
| Return on Invested Capital (ROIC) | 24.08% | 14.28% | 17.88% | 19.43% | 29.90% | 9.63% |
| Return on Capital Employed (ROCE) | 13.60% | 17.00% | 17.80% | 26.80% | 9.20% | |
| Earnings Yield | 6.57% | 5.55% | 10.44% | 12.09% | 19.05% | 7.84% |
| FCF Yield | 6.89% | 7.98% | 8.97% | 4.82% | 23.25% | 13.82% |
| Dividend Yield | 1.76% | 2.36% | 2.66% | 2.57% | 2.21% | 2.21% |
| Payout Ratio | 26.90% | 42.87% | 25.85% | 22.56% | 11.59% | 28.48% |
| Buyback Yield / Dilution | 5.00% | 5.01% | 7.87% | 10.23% | 10.05% | 3.01% |
| Total Shareholder Return | 6.75% | 7.38% | 10.53% | 12.80% | 12.27% | 5.22% |