IMONYSEPetroleum RefiningFiscal year ends December 31
IMPERIAL OIL LTD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$135.24+1.32 (+0.99%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
6.9%+15.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -8.6% | -7.6% | +16.0% | – | |
| Net income | -31.8% | -23.6% | – | +11.3% | |
| EPS, diluted | -28.2% | -17.3% | – | +17.2% | |
| Free cash flow | +14.3% | -19.3% | – | – | |
| Dividend per share | +20.0% | +25.4% | +26.8% | +18.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 14.3% | |
| Return on assets | 5.1% | -4.6% | 7.7% | |
| Current ratio | 0.99 | 1.34 | 1.27 | |
| Debt to equity | – | 0.22 | 0.16 | |
| Capex to revenue | – | 3.9% | 4.3% | |
| Diluted shares | 851M | 735M | 504M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Imperial Oil generated C$32.38B from operations and spent C$31.95B on capital expenditure, dividends and share buybacks. 26% of that went back into the business.
Generated
C$32.38B
Used
C$31.95B
Capital expenditureC$8.29B26%DividendsC$5.30B17%Share buybacksC$18.36B57%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.9%
×Asset turnover1.10×
×Equity multiplier1.86×
=Return on equity, FY202514.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.9% | 1.10× | 1.86× | 14.3% |
| FY2024 | 9.3% | 1.22× | 1.84× | 21.0% |
| FY2023 | 9.6% | 1.20× | 1.90× | 21.9% |
| FY2022 | 12.3% | 1.42× | 1.91× | 33.3% |
| FY2021 | 6.6% | 0.95× | 1.83× | 11.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zeroC$3.27B
- Cash generatingOperating cash flow above zeroC$6.71B
- Return on assets improvedROA up on the prior year11.6% → 7.6%
- Earnings backed by cashOperating cash flow above net incomeC$6.71B vs C$3.27B
- Less leverageLong-term debt to assets fell8.0% → 8.1%
- Better liquidityCurrent ratio rose1.33 → 1.27
- No dilutionShare count did not rise531M → 504M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.25 → 1.10