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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and IMPERIAL OIL LTD (IMO). Click either name above to swap in a different company.
IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $8.1B, roughly 1.0× Athene Holding Ltd.). Athene Holding Ltd. runs the higher net margin — 6.4% vs 4.4%, a 2.1% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs -10.5%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs -4.2%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.
ATHS vs IMO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $8.2B |
| Net Profit | $523.0M | $359.2M |
| Gross Margin | — | — |
| Operating Margin | 16.9% | 5.6% |
| Net Margin | 6.4% | 4.4% |
| Revenue YoY | 115.1% | -10.5% |
| Net Profit YoY | -48.5% | -59.8% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.1B | $8.2B | ||
| Q3 25 | $8.0B | $8.8B | ||
| Q2 25 | $5.4B | $8.2B | ||
| Q1 25 | $4.2B | $9.1B | ||
| Q4 24 | $3.8B | $9.2B | ||
| Q3 24 | $6.5B | $9.7B | ||
| Q2 24 | $4.7B | $9.8B | ||
| Q1 24 | $5.7B | $9.0B |
| Q4 25 | $523.0M | $359.2M | ||
| Q3 25 | $1.3B | $393.5M | ||
| Q2 25 | $464.0M | $692.8M | ||
| Q1 25 | $465.0M | $940.2M | ||
| Q4 24 | $1.0B | $894.3M | ||
| Q3 24 | $625.0M | $903.0M | ||
| Q2 24 | $629.0M | $827.1M | ||
| Q1 24 | $1.2B | $872.4M |
| Q4 25 | 16.9% | 5.6% | ||
| Q3 25 | 26.8% | 5.8% | ||
| Q2 25 | 12.2% | 11.1% | ||
| Q1 25 | 22.3% | 13.5% | ||
| Q4 24 | 30.4% | 12.5% | ||
| Q3 24 | 25.7% | 12.1% | ||
| Q2 24 | 22.0% | 11.1% | ||
| Q1 24 | 31.1% | 12.8% |
| Q4 25 | 6.4% | 4.4% | ||
| Q3 25 | 15.7% | 4.5% | ||
| Q2 25 | 8.7% | 8.4% | ||
| Q1 25 | 11.1% | 10.3% | ||
| Q4 24 | 26.8% | 9.7% | ||
| Q3 24 | 9.6% | 9.3% | ||
| Q2 24 | 13.5% | 8.5% | ||
| Q1 24 | 20.8% | 9.7% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $833.7M |
| Total DebtLower is stronger | $7.8B | $2.9B |
| Stockholders' EquityBook value | $20.5B | $16.2B |
| Total Assets | $442.2B | $30.9B |
| Debt / EquityLower = less leverage | 0.38× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $833.7M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $714.7M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $15.3B | $858.5M |
| Q4 25 | $7.8B | $2.9B | ||
| Q3 25 | $7.9B | $2.9B | ||
| Q2 25 | $7.9B | $2.9B | ||
| Q1 25 | $6.3B | $2.9B | ||
| Q4 24 | $6.3B | $2.9B | ||
| Q3 24 | $5.7B | $2.9B | ||
| Q2 24 | $5.7B | $2.9B | ||
| Q1 24 | $5.7B | $2.9B |
| Q4 25 | $20.5B | $16.2B | ||
| Q3 25 | $20.4B | $17.3B | ||
| Q2 25 | $18.1B | $18.2B | ||
| Q1 25 | $17.5B | $17.8B | ||
| Q4 24 | $16.4B | $17.1B | ||
| Q3 24 | $17.4B | $17.3B | ||
| Q2 24 | $15.0B | $17.5B | ||
| Q1 24 | $14.8B | $16.9B |
| Q4 25 | $442.2B | $30.9B | ||
| Q3 25 | $429.9B | $31.4B | ||
| Q2 25 | $405.3B | $32.2B | ||
| Q1 25 | $381.5B | $32.0B | ||
| Q4 24 | $363.3B | $31.3B | ||
| Q3 24 | $355.0B | $31.0B | ||
| Q2 24 | $332.6B | $32.2B | ||
| Q1 24 | $320.6B | $31.0B |
| Q4 25 | 0.38× | 0.18× | ||
| Q3 25 | 0.38× | 0.17× | ||
| Q2 25 | 0.43× | 0.16× | ||
| Q1 25 | 0.36× | 0.16× | ||
| Q4 24 | 0.39× | 0.17× | ||
| Q3 24 | 0.33× | 0.17× | ||
| Q2 24 | 0.38× | 0.17× | ||
| Q1 24 | 0.39× | 0.17× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $1.4B |
| Free Cash FlowOCF − Capex | — | $938.8M |
| FCF MarginFCF / Revenue | — | 11.4% |
| Capex IntensityCapex / Revenue | — | 5.6% |
| Cash ConversionOCF / Net Profit | 5.82× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $1.4B | ||
| Q3 25 | $636.0M | $1.3B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $426.0M | $1.1B | ||
| Q4 24 | $386.0M | $1.3B | ||
| Q3 24 | $780.0M | $1.1B | ||
| Q2 24 | $525.0M | $1.2B | ||
| Q1 24 | $185.0M | $785.5M |
| Q4 25 | — | $938.8M | ||
| Q3 25 | — | $944.6M | ||
| Q2 25 | — | $725.6M | ||
| Q1 25 | — | $824.2M | ||
| Q4 24 | — | $997.2M | ||
| Q3 24 | — | $730.7M | ||
| Q2 24 | — | $852.6M | ||
| Q1 24 | — | $422.7M |
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | 4.7% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | 5.82× | 3.90× | ||
| Q3 25 | 0.51× | 3.34× | ||
| Q2 25 | 2.28× | 1.54× | ||
| Q1 25 | 0.92× | 1.19× | ||
| Q4 24 | 0.38× | 1.46× | ||
| Q3 24 | 1.25× | 1.20× | ||
| Q2 24 | 0.83× | 1.44× | ||
| Q1 24 | 0.16× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
