vs
Side-by-side financial comparison of BlackRock (BLK) 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 $7.0B, roughly 1.2× BlackRock). BlackRock runs the higher net margin — 16.1% vs 4.4%, a 11.7% gap on every dollar of revenue. BlackRock produced more free cash flow last quarter ($2.1B vs $938.8M). Over the past eight quarters, BlackRock's revenue compounded faster (24.5% CAGR vs -4.2%).
BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $12.5 trillion in assets under management as of 2025. Headquartered in New York City, BlackRock has 70 offices in 30 countries and clients in 100 countries.
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.
BLK vs IMO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $8.2B |
| Net Profit | $1.1B | $359.2M |
| Gross Margin | — | — |
| Operating Margin | 23.7% | 5.6% |
| Net Margin | 16.1% | 4.4% |
| Revenue YoY | — | -10.5% |
| Net Profit YoY | — | -59.8% |
| EPS (diluted) | $7.05 | — |
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 | $7.0B | $8.2B | ||
| Q3 25 | $6.5B | $8.8B | ||
| Q2 25 | $5.4B | $8.2B | ||
| Q1 25 | $5.3B | $9.1B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | $5.2B | $9.7B | ||
| Q2 24 | $4.8B | $9.8B | ||
| Q1 24 | $4.7B | $9.0B |
| Q4 25 | $1.1B | $359.2M | ||
| Q3 25 | $1.3B | $393.5M | ||
| Q2 25 | $1.6B | $692.8M | ||
| Q1 25 | $1.5B | $940.2M | ||
| Q4 24 | — | $894.3M | ||
| Q3 24 | $1.6B | $903.0M | ||
| Q2 24 | $1.5B | $827.1M | ||
| Q1 24 | $1.6B | $872.4M |
| Q4 25 | 23.7% | 5.6% | ||
| Q3 25 | 30.0% | 5.8% | ||
| Q2 25 | 31.9% | 11.1% | ||
| Q1 25 | 32.2% | 13.5% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | 38.6% | 12.1% | ||
| Q2 24 | 37.5% | 11.1% | ||
| Q1 24 | 35.8% | 12.8% |
| Q4 25 | 16.1% | 4.4% | ||
| Q3 25 | 20.3% | 4.5% | ||
| Q2 25 | 29.4% | 8.4% | ||
| Q1 25 | 28.6% | 10.3% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | 31.4% | 9.3% | ||
| Q2 24 | 31.1% | 8.5% | ||
| Q1 24 | 33.3% | 9.7% |
| Q4 25 | $7.05 | — | ||
| Q3 25 | $8.43 | — | ||
| Q2 25 | $10.19 | — | ||
| Q1 25 | $9.64 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $10.90 | — | ||
| Q2 24 | $9.99 | — | ||
| Q1 24 | $10.48 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.5B | $833.7M |
| Total DebtLower is stronger | $12.8B | $2.9B |
| Stockholders' EquityBook value | $55.9B | $16.2B |
| Total Assets | $170.0B | $30.9B |
| Debt / EquityLower = less leverage | 0.23× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.5B | $833.7M | ||
| Q3 25 | $10.0B | $1.4B | ||
| Q2 25 | $9.5B | $1.7B | ||
| Q1 25 | $7.7B | $1.3B | ||
| Q4 24 | — | $714.7M | ||
| Q3 24 | $14.0B | $1.1B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $858.5M |
| Q4 25 | $12.8B | $2.9B | ||
| Q3 25 | $12.8B | $2.9B | ||
| Q2 25 | $12.8B | $2.9B | ||
| Q1 25 | $12.3B | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $12.4B | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $55.9B | $16.2B | ||
| Q3 25 | $55.5B | $17.3B | ||
| Q2 25 | $49.1B | $18.2B | ||
| Q1 25 | $48.0B | $17.8B | ||
| Q4 24 | — | $17.1B | ||
| Q3 24 | $41.2B | $17.3B | ||
| Q2 24 | $40.3B | $17.5B | ||
| Q1 24 | $39.9B | $16.9B |
| Q4 25 | $170.0B | $30.9B | ||
| Q3 25 | $162.7B | $31.4B | ||
| Q2 25 | $146.5B | $32.2B | ||
| Q1 25 | $141.9B | $32.0B | ||
| Q4 24 | — | $31.3B | ||
| Q3 24 | $132.8B | $31.0B | ||
| Q2 24 | — | $32.2B | ||
| Q1 24 | — | $31.0B |
| Q4 25 | 0.23× | 0.18× | ||
| Q3 25 | 0.23× | 0.17× | ||
| Q2 25 | 0.26× | 0.16× | ||
| Q1 25 | 0.26× | 0.16× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | 0.30× | 0.17× | ||
| Q2 24 | — | 0.17× | ||
| Q1 24 | — | 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 | $2.3B | $1.4B |
| Free Cash FlowOCF − Capex | $2.1B | $938.8M |
| FCF MarginFCF / Revenue | 30.6% | 11.4% |
| Capex IntensityCapex / Revenue | 1.9% | 5.6% |
| Cash ConversionOCF / Net Profit | 2.02× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $3.6B | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $-1.1B | $1.1B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $-408.0M | $785.5M |
| Q4 25 | $2.1B | $938.8M | ||
| Q3 25 | $1.3B | $944.6M | ||
| Q2 25 | $1.3B | $725.6M | ||
| Q1 25 | $-1.2B | $824.2M | ||
| Q4 24 | — | $997.2M | ||
| Q3 24 | — | $730.7M | ||
| Q2 24 | — | $852.6M | ||
| Q1 24 | $-472.0M | $422.7M |
| Q4 25 | 30.6% | 11.4% | ||
| Q3 25 | 20.5% | 10.7% | ||
| Q2 25 | 23.5% | 8.8% | ||
| Q1 25 | -22.9% | 9.0% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | -10.0% | 4.7% |
| Q4 25 | 1.9% | 5.6% | ||
| Q3 25 | 1.2% | 4.2% | ||
| Q2 25 | 1.6% | 4.2% | ||
| Q1 25 | 1.5% | 3.2% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | 1.4% | 4.0% |
| Q4 25 | 2.02× | 3.90× | ||
| Q3 25 | 1.07× | 3.34× | ||
| Q2 25 | 0.86× | 1.54× | ||
| Q1 25 | -0.75× | 1.19× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | — | 1.44× | ||
| Q1 24 | -0.26× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLK
| Investment Advice | $5.3B | 75% |
| Investment Performance | $754.0M | 11% |
| Technology Services And Subscription Revenue | $531.0M | 8% |
| Distribution And Shareholder Service | $359.0M | 5% |
| Service Other | $86.0M | 1% |
IMO
Segment breakdown not available.
