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Side-by-side financial comparison of Duke Energy (DUK) 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 $7.8B, roughly 1.1× Duke Energy). Duke Energy runs the higher net margin — 15.2% vs 4.4%, a 10.9% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (7.4% vs -10.5%). IMPERIAL OIL LTD produced more free cash flow last quarter ($938.8M vs $-485.0M). Over the past eight quarters, Duke Energy's revenue compounded faster (1.6% CAGR vs -4.2%).
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
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.
DUK vs IMO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $8.2B |
| Net Profit | $1.2B | $359.2M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 5.6% |
| Net Margin | 15.2% | 4.4% |
| Revenue YoY | 7.4% | -10.5% |
| Net Profit YoY | -1.7% | -59.8% |
| EPS (diluted) | $1.49 | — |
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 | $7.8B | $8.2B | ||
| Q3 25 | $8.4B | $8.8B | ||
| Q2 25 | $7.4B | $8.2B | ||
| Q1 25 | $8.2B | $9.1B | ||
| Q4 24 | $7.2B | $9.2B | ||
| Q3 24 | $8.1B | $9.7B | ||
| Q2 24 | $7.2B | $9.8B | ||
| Q1 24 | $7.5B | $9.0B |
| Q4 25 | $1.2B | $359.2M | ||
| Q3 25 | $1.4B | $393.5M | ||
| Q2 25 | $984.0M | $692.8M | ||
| Q1 25 | $1.4B | $940.2M | ||
| Q4 24 | $1.2B | $894.3M | ||
| Q3 24 | $1.3B | $903.0M | ||
| Q2 24 | $900.0M | $827.1M | ||
| Q1 24 | $1.1B | $872.4M |
| Q4 25 | 27.3% | 5.6% | ||
| Q3 25 | 27.9% | 5.8% | ||
| Q2 25 | 24.8% | 11.1% | ||
| Q1 25 | 28.5% | 13.5% | ||
| Q4 24 | 29.2% | 12.5% | ||
| Q3 24 | 26.4% | 12.1% | ||
| Q2 24 | 23.9% | 11.1% | ||
| Q1 24 | 26.1% | 12.8% |
| Q4 25 | 15.2% | 4.4% | ||
| Q3 25 | 17.0% | 4.5% | ||
| Q2 25 | 13.3% | 8.4% | ||
| Q1 25 | 16.8% | 10.3% | ||
| Q4 24 | 16.6% | 9.7% | ||
| Q3 24 | 15.8% | 9.3% | ||
| Q2 24 | 12.6% | 8.5% | ||
| Q1 24 | 15.1% | 9.7% |
| Q4 25 | $1.49 | — | ||
| Q3 25 | $1.81 | — | ||
| Q2 25 | $1.25 | — | ||
| Q1 25 | $1.76 | — | ||
| Q4 24 | $1.54 | — | ||
| Q3 24 | $1.60 | — | ||
| Q2 24 | $1.13 | — | ||
| Q1 24 | $1.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $245.0M | $833.7M |
| Total DebtLower is stronger | $80.1B | $2.9B |
| Stockholders' EquityBook value | $51.8B | $16.2B |
| Total Assets | $195.7B | $30.9B |
| Debt / EquityLower = less leverage | 1.55× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $833.7M | ||
| Q3 25 | $688.0M | $1.4B | ||
| Q2 25 | $344.0M | $1.7B | ||
| Q1 25 | $475.0M | $1.3B | ||
| Q4 24 | $314.0M | $714.7M | ||
| Q3 24 | $376.0M | $1.1B | ||
| Q2 24 | $390.0M | $1.5B | ||
| Q1 24 | $459.0M | $858.5M |
| Q4 25 | $80.1B | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $76.3B | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $51.8B | $16.2B | ||
| Q3 25 | $51.5B | $17.3B | ||
| Q2 25 | $50.9B | $18.2B | ||
| Q1 25 | $50.7B | $17.8B | ||
| Q4 24 | $50.1B | $17.1B | ||
| Q3 24 | $49.1B | $17.3B | ||
| Q2 24 | $49.7B | $17.5B | ||
| Q1 24 | $49.6B | $16.9B |
| Q4 25 | $195.7B | $30.9B | ||
| Q3 25 | $192.3B | $31.4B | ||
| Q2 25 | $189.7B | $32.2B | ||
| Q1 25 | $187.5B | $32.0B | ||
| Q4 24 | $186.3B | $31.3B | ||
| Q3 24 | $183.6B | $31.0B | ||
| Q2 24 | $181.6B | $32.2B | ||
| Q1 24 | $178.7B | $31.0B |
| Q4 25 | 1.55× | 0.18× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 1.52× | 0.17× | ||
| Q3 24 | — | 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 | $3.7B | $1.4B |
| Free Cash FlowOCF − Capex | $-485.0M | $938.8M |
| FCF MarginFCF / Revenue | -6.2% | 11.4% |
| Capex IntensityCapex / Revenue | 53.3% | 5.6% |
| Cash ConversionOCF / Net Profit | 3.09× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $1.4B | ||
| Q3 25 | $3.6B | $1.3B | ||
| Q2 25 | $2.9B | $1.1B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $3.4B | $1.3B | ||
| Q3 24 | $3.5B | $1.1B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $2.5B | $785.5M |
| Q4 25 | $-485.0M | $938.8M | ||
| Q3 25 | $179.0M | $944.6M | ||
| Q2 25 | $-417.0M | $725.6M | ||
| Q1 25 | $-971.0M | $824.2M | ||
| Q4 24 | $288.0M | $997.2M | ||
| Q3 24 | $537.0M | $730.7M | ||
| Q2 24 | $-43.0M | $852.6M | ||
| Q1 24 | $-734.0M | $422.7M |
| Q4 25 | -6.2% | 11.4% | ||
| Q3 25 | 2.1% | 10.7% | ||
| Q2 25 | -5.7% | 8.8% | ||
| Q1 25 | -11.8% | 9.0% | ||
| Q4 24 | 4.0% | 10.8% | ||
| Q3 24 | 6.6% | 7.5% | ||
| Q2 24 | -0.6% | 8.7% | ||
| Q1 24 | -9.7% | 4.7% |
| Q4 25 | 53.3% | 5.6% | ||
| Q3 25 | 41.2% | 4.2% | ||
| Q2 25 | 44.5% | 4.2% | ||
| Q1 25 | 38.3% | 3.2% | ||
| Q4 24 | 42.7% | 3.4% | ||
| Q3 24 | 36.8% | 3.7% | ||
| Q2 24 | 41.9% | 3.4% | ||
| Q1 24 | 42.6% | 4.0% |
| Q4 25 | 3.09× | 3.90× | ||
| Q3 25 | 2.56× | 3.34× | ||
| Q2 25 | 2.91× | 1.54× | ||
| Q1 25 | 1.58× | 1.19× | ||
| Q4 24 | 2.80× | 1.46× | ||
| Q3 24 | 2.75× | 1.20× | ||
| Q2 24 | 3.28× | 1.44× | ||
| Q1 24 | 2.17× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUK
| Electric Utilitiesand Infrastructure | $7.0B | 90% |
| Other Revenues | $741.0M | 10% |
IMO
Segment breakdown not available.
