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Side-by-side financial comparison of IMPERIAL OIL LTD (IMO) and PDD Holdings Inc. (PDD). Click either name above to swap in a different company.
PDD Holdings Inc. is the larger business by last-quarter revenue ($15.2B vs $8.2B, roughly 1.8× IMPERIAL OIL LTD). PDD Holdings Inc. runs the higher net margin — 27.1% vs 4.4%, a 22.7% gap on every dollar of revenue. Over the past eight quarters, PDD Holdings Inc.'s revenue compounded faster (74.6% 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.
Pinduoduo is a Chinese online retailer, with a focus on the traditional agriculture industry. The business is the largest product of PDD Holdings, a company currently headquartered in Ireland that also owns the online marketplace Temu.
IMO vs PDD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.2B | $15.2B |
| Net Profit | $359.2M | $4.1B |
| Gross Margin | — | 56.7% |
| Operating Margin | 5.6% | 23.1% |
| Net Margin | 4.4% | 27.1% |
| 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.
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.8B | $15.2B | ||
| Q2 25 | $8.2B | $14.5B | ||
| Q1 25 | $9.1B | — | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $9.7B | $14.2B | ||
| Q2 24 | $9.8B | — | ||
| Q1 24 | $9.0B | $12.0B |
| Q4 25 | $359.2M | — | ||
| Q3 25 | $393.5M | $4.1B | ||
| Q2 25 | $692.8M | $4.3B | ||
| Q1 25 | $940.2M | — | ||
| Q4 24 | $894.3M | — | ||
| Q3 24 | $903.0M | $3.6B | ||
| Q2 24 | $827.1M | — | ||
| Q1 24 | $872.4M | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 56.7% | ||
| Q2 25 | — | 55.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 62.3% |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 5.8% | 23.1% | ||
| Q2 25 | 11.1% | 24.8% | ||
| Q1 25 | 13.5% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 12.1% | 24.5% | ||
| Q2 24 | 11.1% | — | ||
| Q1 24 | 12.8% | 29.9% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.5% | 27.1% | ||
| Q2 25 | 8.4% | 29.6% | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 9.3% | 25.1% | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 9.7% | 32.3% |
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 | $13.0B |
| Total DebtLower is stronger | $2.9B | — |
| Stockholders' EquityBook value | $16.2B | $55.0B |
| Total Assets | $30.9B | $86.2B |
| Debt / EquityLower = less leverage | 0.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $833.7M | — | ||
| Q3 25 | $1.4B | $13.0B | ||
| Q2 25 | $1.7B | $8.8B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $714.7M | — | ||
| Q3 24 | $1.1B | $9.3B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $858.5M | $7.7B |
| 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 24 | $2.9B | — |
| Q4 25 | $16.2B | — | ||
| Q3 25 | $17.3B | $55.0B | ||
| Q2 25 | $18.2B | $50.5B | ||
| Q1 25 | $17.8B | — | ||
| Q4 24 | $17.1B | — | ||
| Q3 24 | $17.3B | $39.7B | ||
| Q2 24 | $17.5B | — | ||
| Q1 24 | $16.9B | $30.3B |
| Q4 25 | $30.9B | — | ||
| Q3 25 | $31.4B | $86.2B | ||
| Q2 25 | $32.2B | $79.2B | ||
| Q1 25 | $32.0B | — | ||
| Q4 24 | $31.3B | — | ||
| Q3 24 | $31.0B | $66.5B | ||
| Q2 24 | $32.2B | — | ||
| Q1 24 | $31.0B | $52.3B |
| 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 | $6.4B |
| Free Cash FlowOCF − Capex | $938.8M | — |
| FCF MarginFCF / Revenue | 11.4% | — |
| Capex IntensityCapex / Revenue | 5.6% | — |
| Cash ConversionOCF / Net Profit | 3.90× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $3.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $6.4B | ||
| Q2 25 | $1.1B | $3.0B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $3.9B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $785.5M | $2.9B |
| 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 | 3.90× | — | ||
| Q3 25 | 3.34× | 1.56× | ||
| Q2 25 | 1.54× | 0.70× | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | 1.20× | 1.10× | ||
| Q2 24 | 1.44× | — | ||
| Q1 24 | 0.90× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
