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Side-by-side financial comparison of IMPERIAL OIL LTD (IMO) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.

IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $4.3B, roughly 1.9× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 17.9% vs 4.4%, a 13.5% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.2% vs -10.5%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (1.8% 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.

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...

IMO vs RCL — Head-to-Head

Bigger by revenue
IMO
IMO
1.9× larger
IMO
$8.2B
$4.3B
RCL
Growing faster (revenue YoY)
RCL
RCL
+23.8% gap
RCL
13.2%
-10.5%
IMO
Higher net margin
RCL
RCL
13.5% more per $
RCL
17.9%
4.4%
IMO
Faster 2-yr revenue CAGR
RCL
RCL
Annualised
RCL
1.8%
-4.2%
IMO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IMO
IMO
RCL
RCL
Revenue
$8.2B
$4.3B
Net Profit
$359.2M
$762.0M
Gross Margin
Operating Margin
5.6%
21.9%
Net Margin
4.4%
17.9%
Revenue YoY
-10.5%
13.2%
Net Profit YoY
-59.8%
36.3%
EPS (diluted)
$2.76

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.

Revenue
IMO
IMO
RCL
RCL
Q1 26
$4.3B
Q4 25
$8.2B
$4.3B
Q3 25
$8.8B
$5.1B
Q2 25
$8.2B
$4.5B
Q1 25
$9.1B
$4.0B
Q4 24
$9.2B
$3.8B
Q3 24
$9.7B
$4.9B
Q2 24
$9.8B
$4.1B
Net Profit
IMO
IMO
RCL
RCL
Q1 26
$762.0M
Q4 25
$359.2M
$753.0M
Q3 25
$393.5M
$1.6B
Q2 25
$692.8M
$1.2B
Q1 25
$940.2M
$730.0M
Q4 24
$894.3M
$552.0M
Q3 24
$903.0M
$1.1B
Q2 24
$827.1M
$854.0M
Gross Margin
IMO
IMO
RCL
RCL
Q1 26
Q4 25
47.4%
Q3 25
51.8%
Q2 25
49.7%
Q1 25
48.0%
Q4 24
45.4%
Q3 24
51.1%
Q2 24
47.6%
Operating Margin
IMO
IMO
RCL
RCL
Q1 26
21.9%
Q4 25
5.6%
21.9%
Q3 25
5.8%
33.1%
Q2 25
11.1%
29.3%
Q1 25
13.5%
23.6%
Q4 24
12.5%
16.6%
Q3 24
12.1%
33.4%
Q2 24
11.1%
26.7%
Net Margin
IMO
IMO
RCL
RCL
Q1 26
17.9%
Q4 25
4.4%
17.7%
Q3 25
4.5%
30.6%
Q2 25
8.4%
26.7%
Q1 25
10.3%
18.3%
Q4 24
9.7%
14.7%
Q3 24
9.3%
22.7%
Q2 24
8.5%
20.8%
EPS (diluted)
IMO
IMO
RCL
RCL
Q1 26
$2.76
Q4 25
$2.76
Q3 25
$5.74
Q2 25
$4.41
Q1 25
$2.70
Q4 24
$2.27
Q3 24
$4.21
Q2 24
$3.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMO
IMO
RCL
RCL
Cash + ST InvestmentsLiquidity on hand
$833.7M
$825.0M
Total DebtLower is stronger
$2.9B
$21.3B
Stockholders' EquityBook value
$16.2B
$10.2B
Total Assets
$30.9B
$41.6B
Debt / EquityLower = less leverage
0.18×
2.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMO
IMO
RCL
RCL
Q1 26
$825.0M
Q4 25
$833.7M
$825.0M
Q3 25
$1.4B
$432.0M
Q2 25
$1.7B
$735.0M
Q1 25
$1.3B
$386.0M
Q4 24
$714.7M
$388.0M
Q3 24
$1.1B
$418.0M
Q2 24
$1.5B
$391.0M
Total Debt
IMO
IMO
RCL
RCL
Q1 26
$21.3B
Q4 25
$2.9B
$18.2B
Q3 25
$2.9B
$17.2B
Q2 25
$2.9B
$17.6B
Q1 25
$2.9B
$18.0B
Q4 24
$2.9B
$18.5B
Q3 24
$2.9B
$19.0B
Q2 24
$2.9B
$19.8B
Stockholders' Equity
IMO
IMO
RCL
RCL
Q1 26
$10.2B
Q4 25
$16.2B
$10.0B
Q3 25
$17.3B
$10.1B
Q2 25
$18.2B
$9.2B
Q1 25
$17.8B
$8.0B
Q4 24
$17.1B
$7.6B
Q3 24
$17.3B
$7.0B
Q2 24
$17.5B
$6.0B
Total Assets
IMO
IMO
RCL
RCL
Q1 26
$41.6B
Q4 25
$30.9B
$41.6B
Q3 25
$31.4B
$40.1B
Q2 25
$32.2B
$38.5B
Q1 25
$32.0B
$37.5B
Q4 24
$31.3B
$37.1B
Q3 24
$31.0B
$37.1B
Q2 24
$32.2B
$37.0B
Debt / Equity
IMO
IMO
RCL
RCL
Q1 26
2.08×
Q4 25
0.18×
1.81×
Q3 25
0.17×
1.70×
Q2 25
0.16×
1.92×
Q1 25
0.16×
2.26×
Q4 24
0.17×
2.44×
Q3 24
0.17×
2.69×
Q2 24
0.17×
3.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IMO
IMO
RCL
RCL
Operating Cash FlowLast quarter
$1.4B
$6.5B
Free Cash FlowOCF − Capex
$938.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
3.90×
8.48×
TTM Free Cash FlowTrailing 4 quarters
$3.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMO
IMO
RCL
RCL
Q1 26
$6.5B
Q4 25
$1.4B
$1.6B
Q3 25
$1.3B
$1.5B
Q2 25
$1.1B
$1.7B
Q1 25
$1.1B
$1.6B
Q4 24
$1.3B
$1.5B
Q3 24
$1.1B
$897.0M
Q2 24
$1.2B
$1.6B
Free Cash Flow
IMO
IMO
RCL
RCL
Q1 26
Q4 25
$938.8M
$116.0M
Q3 25
$944.6M
$-989.0M
Q2 25
$725.6M
$910.0M
Q1 25
$824.2M
$1.2B
Q4 24
$997.2M
$915.0M
Q3 24
$730.7M
$563.0M
Q2 24
$852.6M
$-567.0M
FCF Margin
IMO
IMO
RCL
RCL
Q1 26
Q4 25
11.4%
2.7%
Q3 25
10.7%
-19.2%
Q2 25
8.8%
20.1%
Q1 25
9.0%
30.0%
Q4 24
10.8%
24.3%
Q3 24
7.5%
11.5%
Q2 24
8.7%
-13.8%
Capex Intensity
IMO
IMO
RCL
RCL
Q1 26
Q4 25
5.6%
35.4%
Q3 25
4.2%
47.8%
Q2 25
4.2%
18.4%
Q1 25
3.2%
10.7%
Q4 24
3.4%
14.7%
Q3 24
3.7%
6.8%
Q2 24
3.4%
52.1%
Cash Conversion
IMO
IMO
RCL
RCL
Q1 26
8.48×
Q4 25
3.90×
2.16×
Q3 25
3.34×
0.93×
Q2 25
1.54×
1.44×
Q1 25
1.19×
2.23×
Q4 24
1.46×
2.66×
Q3 24
1.20×
0.81×
Q2 24
1.44×
1.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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