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Side-by-side financial comparison of IMPERIAL OIL LTD (IMO) and Vistra Corp. (VST). Click either name above to swap in a different company.
IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $4.8B, roughly 1.7× Vistra Corp.). Vistra Corp. runs the higher net margin — 4.8% vs 4.4%, a 0.5% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs -10.5%). IMPERIAL OIL LTD produced more free cash flow last quarter ($938.8M vs $596.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% 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.
Vistra may refer to either of two companies:Vistra, a corporate services company based in Hong Kong Vistra Corp, an energy company based in Texas
IMO vs VST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.2B | $4.8B |
| Net Profit | $359.2M | $233.0M |
| Gross Margin | — | — |
| Operating Margin | 5.6% | 9.9% |
| Net Margin | 4.4% | 4.8% |
| Revenue YoY | -10.5% | 31.2% |
| Net Profit YoY | -59.8% | -47.2% |
| EPS (diluted) | — | $0.55 |
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 | $4.8B | ||
| Q3 25 | $8.8B | $4.8B | ||
| Q2 25 | $8.2B | $3.8B | ||
| Q1 25 | $9.1B | $4.3B | ||
| Q4 24 | $9.2B | $3.7B | ||
| Q3 24 | $9.7B | $4.3B | ||
| Q2 24 | $9.8B | $3.6B | ||
| Q1 24 | $9.0B | $3.2B |
| Q4 25 | $359.2M | $233.0M | ||
| Q3 25 | $393.5M | $652.0M | ||
| Q2 25 | $692.8M | $327.0M | ||
| Q1 25 | $940.2M | $-268.0M | ||
| Q4 24 | $894.3M | $441.0M | ||
| Q3 24 | $903.0M | $1.9B | ||
| Q2 24 | $827.1M | $365.0M | ||
| Q1 24 | $872.4M | $-35.0M |
| Q4 25 | 5.6% | 9.9% | ||
| Q3 25 | 5.8% | 21.7% | ||
| Q2 25 | 11.1% | 13.7% | ||
| Q1 25 | 13.5% | -2.8% | ||
| Q4 24 | 12.5% | 16.4% | ||
| Q3 24 | 12.1% | 59.6% | ||
| Q2 24 | 11.1% | 22.5% | ||
| Q1 24 | 12.8% | 2.7% |
| Q4 25 | 4.4% | 4.8% | ||
| Q3 25 | 4.5% | 13.6% | ||
| Q2 25 | 8.4% | 8.7% | ||
| Q1 25 | 10.3% | -6.3% | ||
| Q4 24 | 9.7% | 12.0% | ||
| Q3 24 | 9.3% | 43.5% | ||
| Q2 24 | 8.5% | 10.1% | ||
| Q1 24 | 9.7% | -1.1% |
| Q4 25 | — | $0.55 | ||
| Q3 25 | — | $1.75 | ||
| Q2 25 | — | $0.81 | ||
| Q1 25 | — | $-0.93 | ||
| Q4 24 | — | $1.09 | ||
| Q3 24 | — | $5.25 | ||
| Q2 24 | — | $0.90 | ||
| Q1 24 | — | $-0.24 |
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 | $785.0M |
| Total DebtLower is stronger | $2.9B | $15.8B |
| Stockholders' EquityBook value | $16.2B | $5.1B |
| Total Assets | $30.9B | $41.5B |
| Debt / EquityLower = less leverage | 0.18× | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $833.7M | $785.0M | ||
| Q3 25 | $1.4B | $602.0M | ||
| Q2 25 | $1.7B | $458.0M | ||
| Q1 25 | $1.3B | $561.0M | ||
| Q4 24 | $714.7M | $1.2B | ||
| Q3 24 | $1.1B | $905.0M | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $858.5M | $1.1B |
| Q4 25 | $2.9B | $15.8B | ||
| Q3 25 | $2.9B | $15.8B | ||
| Q2 25 | $2.9B | $15.5B | ||
| Q1 25 | $2.9B | $15.4B | ||
| Q4 24 | $2.9B | $15.4B | ||
| Q3 24 | $2.9B | $13.9B | ||
| Q2 24 | $2.9B | $13.9B | ||
| Q1 24 | $2.9B | $14.7B |
| Q4 25 | $16.2B | $5.1B | ||
| Q3 25 | $17.3B | $5.2B | ||
| Q2 25 | $18.2B | $4.8B | ||
| Q1 25 | $17.8B | $4.8B | ||
| Q4 24 | $17.1B | $5.6B | ||
| Q3 24 | $17.3B | $5.4B | ||
| Q2 24 | $17.5B | $5.6B | ||
| Q1 24 | $16.9B | $5.7B |
| Q4 25 | $30.9B | $41.5B | ||
| Q3 25 | $31.4B | $38.0B | ||
| Q2 25 | $32.2B | $38.1B | ||
| Q1 25 | $32.0B | $38.2B | ||
| Q4 24 | $31.3B | $37.8B | ||
| Q3 24 | $31.0B | $37.9B | ||
| Q2 24 | $32.2B | $39.1B | ||
| Q1 24 | $31.0B | $38.2B |
| Q4 25 | 0.18× | 3.11× | ||
| Q3 25 | 0.17× | 3.02× | ||
| Q2 25 | 0.16× | 3.22× | ||
| Q1 25 | 0.16× | 3.20× | ||
| Q4 24 | 0.17× | 2.77× | ||
| Q3 24 | 0.17× | 2.56× | ||
| Q2 24 | 0.17× | 2.49× | ||
| Q1 24 | 0.17× | 2.60× |
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 | $1.4B |
| Free Cash FlowOCF − Capex | $938.8M | $596.0M |
| FCF MarginFCF / Revenue | 11.4% | 12.4% |
| Capex IntensityCapex / Revenue | 5.6% | 17.4% |
| Cash ConversionOCF / Net Profit | 3.90× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $3.4B | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.1B | $572.0M | ||
| Q1 25 | $1.1B | $599.0M | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $785.5M | $312.0M |
| Q4 25 | $938.8M | $596.0M | ||
| Q3 25 | $944.6M | $1.0B | ||
| Q2 25 | $725.6M | $-118.0M | ||
| Q1 25 | $824.2M | $-169.0M | ||
| Q4 24 | $997.2M | $923.0M | ||
| Q3 24 | $730.7M | $1.0B | ||
| Q2 24 | $852.6M | $698.0M | ||
| Q1 24 | $422.7M | $-153.0M |
| Q4 25 | 11.4% | 12.4% | ||
| Q3 25 | 10.7% | 21.1% | ||
| Q2 25 | 8.8% | -3.1% | ||
| Q1 25 | 9.0% | -4.0% | ||
| Q4 24 | 10.8% | 25.2% | ||
| Q3 24 | 7.5% | 23.4% | ||
| Q2 24 | 8.7% | 19.4% | ||
| Q1 24 | 4.7% | -4.8% |
| Q4 25 | 5.6% | 17.4% | ||
| Q3 25 | 4.2% | 9.6% | ||
| Q2 25 | 4.2% | 18.4% | ||
| Q1 25 | 3.2% | 18.1% | ||
| Q4 24 | 3.4% | 11.7% | ||
| Q3 24 | 3.7% | 15.8% | ||
| Q2 24 | 3.4% | 13.8% | ||
| Q1 24 | 4.0% | 14.7% |
| Q4 25 | 3.90× | 6.15× | ||
| Q3 25 | 3.34× | 2.25× | ||
| Q2 25 | 1.54× | 1.75× | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.46× | 3.07× | ||
| Q3 24 | 1.20× | 0.90× | ||
| Q2 24 | 1.44× | 3.28× | ||
| Q1 24 | 0.90× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IMO
Segment breakdown not available.
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
