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Side-by-side financial comparison of CANADIAN IMPERIAL BANK OF COMMERCE (CM) 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 $6.1B, roughly 1.3× CANADIAN IMPERIAL BANK OF COMMERCE). CANADIAN IMPERIAL BANK OF COMMERCE runs the higher net margin — 36.9% vs 4.4%, a 32.6% gap on every dollar of revenue.
The Imperial Bank of Canada was a Canadian bank that operated from 1873 to 1961. In 1961, Imperial merged with the Canadian Bank of Commerce to become the Canadian Imperial Bank of Commerce.
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.
CM vs IMO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1B | $8.2B |
| Net Profit | $2.3B | $359.2M |
| Gross Margin | — | — |
| Operating Margin | — | 5.6% |
| Net Margin | 36.9% | 4.4% |
| Revenue YoY | — | -10.5% |
| Net Profit YoY | — | -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.
| Q1 26 | $6.1B | — | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | $5.3B | $8.8B | ||
| Q2 25 | $5.1B | $8.2B | ||
| Q1 25 | — | $9.1B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | — | $9.8B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | — | $359.2M | ||
| Q3 25 | $1.5B | $393.5M | ||
| Q2 25 | $1.5B | $692.8M | ||
| Q1 25 | — | $940.2M | ||
| Q4 24 | — | $894.3M | ||
| Q3 24 | — | $903.0M | ||
| Q2 24 | — | $827.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | 36.9% | — | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | 28.9% | 4.5% | ||
| Q2 25 | 28.6% | 8.4% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.5% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.0B | $833.7M |
| Total DebtLower is stronger | — | $2.9B |
| Stockholders' EquityBook value | $47.9B | $16.2B |
| Total Assets | $826.8B | $30.9B |
| Debt / EquityLower = less leverage | — | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $8.0B | — | ||
| Q4 25 | — | $833.7M | ||
| Q3 25 | $13.9B | $1.4B | ||
| Q2 25 | $10.2B | $1.7B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $714.7M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
| Q1 26 | $47.9B | — | ||
| Q4 25 | — | $16.2B | ||
| Q3 25 | $45.9B | $17.3B | ||
| Q2 25 | $45.2B | $18.2B | ||
| Q1 25 | — | $17.8B | ||
| Q4 24 | — | $17.1B | ||
| Q3 24 | — | $17.3B | ||
| Q2 24 | — | $17.5B |
| Q1 26 | $826.8B | — | ||
| Q4 25 | — | $30.9B | ||
| Q3 25 | $804.6B | $31.4B | ||
| Q2 25 | $795.8B | $32.2B | ||
| Q1 25 | — | $32.0B | ||
| Q4 24 | — | $31.3B | ||
| Q3 24 | — | $31.0B | ||
| Q2 24 | — | $32.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.17× | ||
| Q2 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 | $-1.6B | $1.4B |
| Free Cash FlowOCF − Capex | — | $938.8M |
| FCF MarginFCF / Revenue | — | 11.4% |
| Capex IntensityCapex / Revenue | — | 5.6% |
| Cash ConversionOCF / Net Profit | -0.69× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-1.6B | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $4.3B | $1.3B | ||
| Q2 25 | $667.2M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | -0.69× | — | ||
| Q4 25 | — | 3.90× | ||
| Q3 25 | 2.80× | 3.34× | ||
| Q2 25 | 0.46× | 1.54× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | — | 1.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
