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Side-by-side financial comparison of IMPERIAL OIL LTD (IMO) and McDonald's (MCD). 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× McDonald's). McDonald's runs the higher net margin — 30.9% vs 4.4%, a 26.5% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs -10.5%). McDonald's produced more free cash flow last quarter ($1.6B vs $938.8M). Over the past eight quarters, McDonald's's revenue compounded faster (6.6% CAGR vs -4.2%).
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.
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
IMO vs MCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.2B | $7.0B |
| Net Profit | $359.2M | $2.2B |
| Gross Margin | — | — |
| Operating Margin | 5.6% | 45.0% |
| Net Margin | 4.4% | 30.9% |
| Revenue YoY | -10.5% | 9.7% |
| Net Profit YoY | -59.8% | 7.3% |
| EPS (diluted) | — | $3.03 |
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 | $8.2B | $7.0B | ||
| Q3 25 | $8.8B | $7.1B | ||
| Q2 25 | $8.2B | $6.8B | ||
| Q1 25 | $9.1B | $6.0B | ||
| Q4 24 | $9.2B | $6.4B | ||
| Q3 24 | $9.7B | $6.9B | ||
| Q2 24 | $9.8B | $6.5B | ||
| Q1 24 | $9.0B | $6.2B |
| Q4 25 | $359.2M | $2.2B | ||
| Q3 25 | $393.5M | $2.3B | ||
| Q2 25 | $692.8M | $2.3B | ||
| Q1 25 | $940.2M | $1.9B | ||
| Q4 24 | $894.3M | $2.0B | ||
| Q3 24 | $903.0M | $2.3B | ||
| Q2 24 | $827.1M | $2.0B | ||
| Q1 24 | $872.4M | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 90.6% | ||
| Q2 25 | — | 90.4% | ||
| Q1 25 | — | 89.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 90.3% | ||
| Q1 24 | — | 89.8% |
| Q4 25 | 5.6% | 45.0% | ||
| Q3 25 | 5.8% | 47.4% | ||
| Q2 25 | 11.1% | 47.2% | ||
| Q1 25 | 13.5% | 44.5% | ||
| Q4 24 | 12.5% | 44.9% | ||
| Q3 24 | 12.1% | 46.4% | ||
| Q2 24 | 11.1% | 45.0% | ||
| Q1 24 | 12.8% | 44.4% |
| Q4 25 | 4.4% | 30.9% | ||
| Q3 25 | 4.5% | 32.2% | ||
| Q2 25 | 8.4% | 32.9% | ||
| Q1 25 | 10.3% | 31.4% | ||
| Q4 24 | 9.7% | 31.6% | ||
| Q3 24 | 9.3% | 32.8% | ||
| Q2 24 | 8.5% | 31.2% | ||
| Q1 24 | 9.7% | 31.3% |
| Q4 25 | — | $3.03 | ||
| Q3 25 | — | $3.18 | ||
| Q2 25 | — | $3.14 | ||
| Q1 25 | — | $2.60 | ||
| Q4 24 | — | $2.80 | ||
| Q3 24 | — | $3.13 | ||
| Q2 24 | — | $2.80 | ||
| Q1 24 | — | $2.66 |
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 | $774.0M |
| Total DebtLower is stronger | $2.9B | $40.0B |
| Stockholders' EquityBook value | $16.2B | $-1.8B |
| Total Assets | $30.9B | $59.5B |
| Debt / EquityLower = less leverage | 0.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $833.7M | $774.0M | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $714.7M | $1.1B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.5B | $792.0M | ||
| Q1 24 | $858.5M | $838.0M |
| Q4 25 | $2.9B | $40.0B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | $38.4B | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $16.2B | $-1.8B | ||
| Q3 25 | $17.3B | $-2.2B | ||
| Q2 25 | $18.2B | $-2.8B | ||
| Q1 25 | $17.8B | $-3.5B | ||
| Q4 24 | $17.1B | $-3.8B | ||
| Q3 24 | $17.3B | $-5.2B | ||
| Q2 24 | $17.5B | $-4.8B | ||
| Q1 24 | $16.9B | $-4.8B |
| Q4 25 | $30.9B | $59.5B | ||
| Q3 25 | $31.4B | $60.6B | ||
| Q2 25 | $32.2B | $59.6B | ||
| Q1 25 | $32.0B | $56.3B | ||
| Q4 24 | $31.3B | $55.2B | ||
| Q3 24 | $31.0B | $56.2B | ||
| Q2 24 | $32.2B | $53.8B | ||
| Q1 24 | $31.0B | $53.5B |
| 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× | — | ||
| 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 | $1.4B | $2.7B |
| Free Cash FlowOCF − Capex | $938.8M | $1.6B |
| FCF MarginFCF / Revenue | 11.4% | 23.4% |
| Capex IntensityCapex / Revenue | 5.6% | 15.1% |
| Cash ConversionOCF / Net Profit | 3.90× | 1.25× |
| TTM Free Cash FlowTrailing 4 quarters | $3.4B | $7.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.1B | $2.7B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $785.5M | $2.4B |
| Q4 25 | $938.8M | $1.6B | ||
| Q3 25 | $944.6M | $2.4B | ||
| Q2 25 | $725.6M | $1.3B | ||
| Q1 25 | $824.2M | $1.9B | ||
| Q4 24 | $997.2M | $1.8B | ||
| Q3 24 | $730.7M | $1.9B | ||
| Q2 24 | $852.6M | $1.1B | ||
| Q1 24 | $422.7M | $1.8B |
| Q4 25 | 11.4% | 23.4% | ||
| Q3 25 | 10.7% | 34.1% | ||
| Q2 25 | 8.8% | 18.3% | ||
| Q1 25 | 9.0% | 31.5% | ||
| Q4 24 | 10.8% | 28.6% | ||
| Q3 24 | 7.5% | 28.3% | ||
| Q2 24 | 8.7% | 16.3% | ||
| Q1 24 | 4.7% | 29.9% |
| Q4 25 | 5.6% | 15.1% | ||
| Q3 25 | 4.2% | 14.3% | ||
| Q2 25 | 4.2% | 10.9% | ||
| Q1 25 | 3.2% | 9.3% | ||
| Q4 24 | 3.4% | 12.6% | ||
| Q3 24 | 3.7% | 11.6% | ||
| Q2 24 | 3.4% | 9.7% | ||
| Q1 24 | 4.0% | 8.9% |
| Q4 25 | 3.90× | 1.25× | ||
| Q3 25 | 3.34× | 1.50× | ||
| Q2 25 | 1.54× | 0.89× | ||
| Q1 25 | 1.19× | 1.30× | ||
| Q4 24 | 1.46× | 1.30× | ||
| Q3 24 | 1.20× | 1.21× | ||
| Q2 24 | 1.44× | 0.84× | ||
| Q1 24 | 0.90× | 1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IMO
Segment breakdown not available.
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
