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Side-by-side financial comparison of IMPERIAL OIL LTD (IMO) and Trane Technologies (TT). Click either name above to swap in a different company.

IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $5.1B, roughly 1.6× Trane Technologies). Trane Technologies runs the higher net margin — 11.5% vs 4.4%, a 7.1% gap on every dollar of revenue. On growth, Trane Technologies posted the faster year-over-year revenue change (5.5% vs -10.5%). Over the past eight quarters, Trane Technologies's revenue compounded faster (10.5% 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.

Trane Technologies plc is an Irish domiciled company focused on heating, ventilation, and air conditioning (HVAC) and refrigeration systems. The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.

IMO vs TT — Head-to-Head

Bigger by revenue
IMO
IMO
1.6× larger
IMO
$8.2B
$5.1B
TT
Growing faster (revenue YoY)
TT
TT
+16.1% gap
TT
5.5%
-10.5%
IMO
Higher net margin
TT
TT
7.1% more per $
TT
11.5%
4.4%
IMO
Faster 2-yr revenue CAGR
TT
TT
Annualised
TT
10.5%
-4.2%
IMO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMO
IMO
TT
TT
Revenue
$8.2B
$5.1B
Net Profit
$359.2M
$591.3M
Gross Margin
Operating Margin
5.6%
15.9%
Net Margin
4.4%
11.5%
Revenue YoY
-10.5%
5.5%
Net Profit YoY
-59.8%
-2.2%
EPS (diluted)
$2.64

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
TT
TT
Q4 25
$8.2B
$5.1B
Q3 25
$8.8B
$5.7B
Q2 25
$8.2B
$5.7B
Q1 25
$9.1B
$4.7B
Q4 24
$9.2B
$4.9B
Q3 24
$9.7B
$5.4B
Q2 24
$9.8B
$5.3B
Q1 24
$9.0B
$4.2B
Net Profit
IMO
IMO
TT
TT
Q4 25
$359.2M
$591.3M
Q3 25
$393.5M
$847.6M
Q2 25
$692.8M
$874.8M
Q1 25
$940.2M
$604.9M
Q4 24
$894.3M
$604.3M
Q3 24
$903.0M
$772.0M
Q2 24
$827.1M
$755.3M
Q1 24
$872.4M
$436.3M
Gross Margin
IMO
IMO
TT
TT
Q4 25
Q3 25
36.9%
Q2 25
37.6%
Q1 25
35.8%
Q4 24
Q3 24
36.3%
Q2 24
36.5%
Q1 24
34.6%
Operating Margin
IMO
IMO
TT
TT
Q4 25
5.6%
15.9%
Q3 25
5.8%
20.3%
Q2 25
11.1%
20.3%
Q1 25
13.5%
17.5%
Q4 24
12.5%
16.6%
Q3 24
12.1%
18.8%
Q2 24
11.1%
19.5%
Q1 24
12.8%
15.0%
Net Margin
IMO
IMO
TT
TT
Q4 25
4.4%
11.5%
Q3 25
4.5%
14.8%
Q2 25
8.4%
15.2%
Q1 25
10.3%
12.9%
Q4 24
9.7%
12.4%
Q3 24
9.3%
14.2%
Q2 24
8.5%
14.2%
Q1 24
9.7%
10.3%
EPS (diluted)
IMO
IMO
TT
TT
Q4 25
$2.64
Q3 25
$3.78
Q2 25
$3.89
Q1 25
$2.67
Q4 24
$2.65
Q3 24
$3.39
Q2 24
$3.30
Q1 24
$1.90

Balance Sheet & Financial Strength

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

Metric
IMO
IMO
TT
TT
Cash + ST InvestmentsLiquidity on hand
$833.7M
$1.8B
Total DebtLower is stronger
$2.9B
$4.6B
Stockholders' EquityBook value
$16.2B
$8.6B
Total Assets
$30.9B
$21.4B
Debt / EquityLower = less leverage
0.18×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMO
IMO
TT
TT
Q4 25
$833.7M
$1.8B
Q3 25
$1.4B
Q2 25
$1.7B
Q1 25
$1.3B
Q4 24
$714.7M
$1.6B
Q3 24
$1.1B
Q2 24
$1.5B
Q1 24
$858.5M
Total Debt
IMO
IMO
TT
TT
Q4 25
$2.9B
$4.6B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
Q4 24
$2.9B
$4.8B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.9B
Stockholders' Equity
IMO
IMO
TT
TT
Q4 25
$16.2B
$8.6B
Q3 25
$17.3B
$8.3B
Q2 25
$18.2B
$7.8B
Q1 25
$17.8B
$7.5B
Q4 24
$17.1B
$7.5B
Q3 24
$17.3B
$7.6B
Q2 24
$17.5B
$6.9B
Q1 24
$16.9B
$6.9B
Total Assets
IMO
IMO
TT
TT
Q4 25
$30.9B
$21.4B
Q3 25
$31.4B
$21.4B
Q2 25
$32.2B
$21.0B
Q1 25
$32.0B
$20.1B
Q4 24
$31.3B
$20.1B
Q3 24
$31.0B
$20.9B
Q2 24
$32.2B
$20.2B
Q1 24
$31.0B
$19.3B
Debt / Equity
IMO
IMO
TT
TT
Q4 25
0.18×
0.54×
Q3 25
0.17×
Q2 25
0.16×
Q1 25
0.16×
Q4 24
0.17×
0.64×
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
IMO
IMO
TT
TT
Operating Cash FlowLast quarter
$1.4B
$1.2B
Free Cash FlowOCF − Capex
$938.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
3.90×
1.96×
TTM Free Cash FlowTrailing 4 quarters
$3.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMO
IMO
TT
TT
Q4 25
$1.4B
$1.2B
Q3 25
$1.3B
$1.0B
Q2 25
$1.1B
$692.1M
Q1 25
$1.1B
$339.5M
Q4 24
$1.3B
$899.9M
Q3 24
$1.1B
$1.3B
Q2 24
$1.2B
$695.9M
Q1 24
$785.5M
$247.2M
Free Cash Flow
IMO
IMO
TT
TT
Q4 25
$938.8M
Q3 25
$944.6M
$935.6M
Q2 25
$725.6M
$602.2M
Q1 25
$824.2M
$220.6M
Q4 24
$997.2M
$774.3M
Q3 24
$730.7M
$1.2B
Q2 24
$852.6M
$623.0M
Q1 24
$422.7M
$163.4M
FCF Margin
IMO
IMO
TT
TT
Q4 25
11.4%
Q3 25
10.7%
16.3%
Q2 25
8.8%
10.5%
Q1 25
9.0%
4.7%
Q4 24
10.8%
15.9%
Q3 24
7.5%
22.3%
Q2 24
8.7%
11.7%
Q1 24
4.7%
3.9%
Capex Intensity
IMO
IMO
TT
TT
Q4 25
5.6%
Q3 25
4.2%
1.2%
Q2 25
4.2%
1.6%
Q1 25
3.2%
2.5%
Q4 24
3.4%
2.6%
Q3 24
3.7%
1.6%
Q2 24
3.4%
1.4%
Q1 24
4.0%
2.0%
Cash Conversion
IMO
IMO
TT
TT
Q4 25
3.90×
1.96×
Q3 25
3.34×
1.18×
Q2 25
1.54×
0.79×
Q1 25
1.19×
0.56×
Q4 24
1.46×
1.49×
Q3 24
1.20×
1.69×
Q2 24
1.44×
0.92×
Q1 24
0.90×
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IMO
IMO

Segment breakdown not available.

TT
TT

Services$2.8B55%
Other$2.3B45%

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