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Side-by-side financial comparison of IMPERIAL OIL LTD (IMO) and Smurfit Westrock (SW). Click either name above to swap in a different company.
IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $7.6B, roughly 1.1× Smurfit Westrock). IMPERIAL OIL LTD runs the higher net margin — 4.4% vs 1.3%, a 3.1% gap on every dollar of revenue. On growth, Smurfit Westrock posted the faster year-over-year revenue change (0.5% vs -10.5%). IMPERIAL OIL LTD produced more free cash flow last quarter ($938.8M vs $612.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% 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.
Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
IMO vs SW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.2B | $7.6B |
| Net Profit | $359.2M | $97.0M |
| Gross Margin | — | 18.2% |
| Operating Margin | 5.6% | 5.1% |
| Net Margin | 4.4% | 1.3% |
| Revenue YoY | -10.5% | 0.5% |
| Net Profit YoY | -59.8% | -33.6% |
| EPS (diluted) | — | $0.18 |
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 | $7.6B | ||
| Q3 25 | $8.8B | $8.0B | ||
| Q2 25 | $8.2B | $7.9B | ||
| Q1 25 | $9.1B | $7.7B | ||
| Q4 24 | $9.2B | $7.5B | ||
| Q3 24 | $9.7B | $7.7B | ||
| Q2 24 | $9.8B | $3.0B | ||
| Q1 24 | $9.0B | $2.9B |
| Q4 25 | $359.2M | $97.0M | ||
| Q3 25 | $393.5M | $246.0M | ||
| Q2 25 | $692.8M | $-28.0M | ||
| Q1 25 | $940.2M | $384.0M | ||
| Q4 24 | $894.3M | $146.0M | ||
| Q3 24 | $903.0M | $-150.0M | ||
| Q2 24 | $827.1M | $132.0M | ||
| Q1 24 | $872.4M | $191.0M |
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | — | 24.2% |
| Q4 25 | 5.6% | 5.1% | ||
| Q3 25 | 5.8% | 6.6% | ||
| Q2 25 | 11.1% | 3.2% | ||
| Q1 25 | 13.5% | 7.2% | ||
| Q4 24 | 12.5% | 5.3% | ||
| Q3 24 | 12.1% | 0.7% | ||
| Q2 24 | 11.1% | 8.2% | ||
| Q1 24 | 12.8% | 10.5% |
| Q4 25 | 4.4% | 1.3% | ||
| Q3 25 | 4.5% | 3.1% | ||
| Q2 25 | 8.4% | -0.4% | ||
| Q1 25 | 10.3% | 5.0% | ||
| Q4 24 | 9.7% | 1.9% | ||
| Q3 24 | 9.3% | -2.0% | ||
| Q2 24 | 8.5% | 4.4% | ||
| Q1 24 | 9.7% | 6.5% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.30 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | — | $0.73 |
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 | $892.0M |
| Total DebtLower is stronger | $2.9B | $13.4B |
| Stockholders' EquityBook value | $16.2B | $18.3B |
| Total Assets | $30.9B | $45.2B |
| Debt / EquityLower = less leverage | 0.18× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $833.7M | $892.0M | ||
| Q3 25 | $1.4B | $851.0M | ||
| Q2 25 | $1.7B | $778.0M | ||
| Q1 25 | $1.3B | $797.0M | ||
| Q4 24 | $714.7M | $855.0M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.5B | $26.8K | ||
| Q1 24 | $858.5M | $108 |
| Q4 25 | $2.9B | $13.4B | ||
| Q3 25 | $2.9B | $13.3B | ||
| Q2 25 | $2.9B | $13.3B | ||
| Q1 25 | $2.9B | $12.9B | ||
| Q4 24 | $2.9B | $12.5B | ||
| Q3 24 | $2.9B | $13.2B | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $16.2B | $18.3B | ||
| Q3 25 | $17.3B | $18.4B | ||
| Q2 25 | $18.2B | $18.3B | ||
| Q1 25 | $17.8B | $17.9B | ||
| Q4 24 | $17.1B | $17.4B | ||
| Q3 24 | $17.3B | $18.0B | ||
| Q2 24 | $17.5B | $14.5K | ||
| Q1 24 | $16.9B | $108 |
| Q4 25 | $30.9B | $45.2B | ||
| Q3 25 | $31.4B | $45.6B | ||
| Q2 25 | $32.2B | $45.7B | ||
| Q1 25 | $32.0B | $44.6B | ||
| Q4 24 | $31.3B | $43.8B | ||
| Q3 24 | $31.0B | $45.0B | ||
| Q2 24 | $32.2B | $26.8K | ||
| Q1 24 | $31.0B | $108 |
| Q4 25 | 0.18× | 0.73× | ||
| Q3 25 | 0.17× | 0.72× | ||
| Q2 25 | 0.16× | 0.73× | ||
| Q1 25 | 0.16× | 0.72× | ||
| Q4 24 | 0.17× | 0.72× | ||
| Q3 24 | 0.17× | 0.73× | ||
| 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 | $1.2B |
| Free Cash FlowOCF − Capex | $938.8M | $612.0M |
| FCF MarginFCF / Revenue | 11.4% | 8.1% |
| Capex IntensityCapex / Revenue | 5.6% | 7.7% |
| Cash ConversionOCF / Net Profit | 3.90× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | $3.4B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.1B | $829.0M | ||
| Q1 25 | $1.1B | $235.0M | ||
| Q4 24 | $1.3B | $781.0M | ||
| Q3 24 | $1.1B | $320.0M | ||
| Q2 24 | $1.2B | $340.0M | ||
| Q1 24 | $785.5M | $42.0M |
| Q4 25 | $938.8M | $612.0M | ||
| Q3 25 | $944.6M | $523.0M | ||
| Q2 25 | $725.6M | $307.0M | ||
| Q1 25 | $824.2M | $-242.0M | ||
| Q4 24 | $997.2M | $212.0M | ||
| Q3 24 | $730.7M | $-192.0M | ||
| Q2 24 | $852.6M | $163.0M | ||
| Q1 24 | $422.7M | $-166.0M |
| Q4 25 | 11.4% | 8.1% | ||
| Q3 25 | 10.7% | 6.5% | ||
| Q2 25 | 8.8% | 3.9% | ||
| Q1 25 | 9.0% | -3.2% | ||
| Q4 24 | 10.8% | 2.8% | ||
| Q3 24 | 7.5% | -2.5% | ||
| Q2 24 | 8.7% | 5.5% | ||
| Q1 24 | 4.7% | -5.7% |
| Q4 25 | 5.6% | 7.7% | ||
| Q3 25 | 4.2% | 7.6% | ||
| Q2 25 | 4.2% | 6.6% | ||
| Q1 25 | 3.2% | 6.2% | ||
| Q4 24 | 3.4% | 7.5% | ||
| Q3 24 | 3.7% | 6.7% | ||
| Q2 24 | 3.4% | 6.0% | ||
| Q1 24 | 4.0% | 7.1% |
| Q4 25 | 3.90× | 12.32× | ||
| Q3 25 | 3.34× | 4.61× | ||
| Q2 25 | 1.54× | — | ||
| Q1 25 | 1.19× | 0.61× | ||
| Q4 24 | 1.46× | 5.35× | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.44× | 2.58× | ||
| Q1 24 | 0.90× | 0.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IMO
Segment breakdown not available.
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
