EQNR vs TTE vs IMO Stock Comparison

Equinor Asa, TotalEnergies SE and Imperial Oil Prices as of Oct 23, 2026 Peers: Industry group
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EQNR Equinor Asa
$48.81 +13.7% 1M +95.5% 1Y
Market cap
$124.80B
P/E
15.6x
Revenue (TTM)
$114.42B
Div. yield
–
Integrated Oil and Gas Energy
4 wins
TTE TotalEnergies SE
$92.81 +1.2% 1M +48.3% 1Y
Market cap
$205.28B
P/E
18.3x
Revenue (TTM)
$115.93B
Div. yield
0.04%
Integrated Oil and Gas Energy
7 wins
IMO Imperial Oil Ltd
$134.72 +8.1% 1M +49.8% 1Y
Market cap
$65.02B
P/E
21.6x
Revenue (TTM)
$37.53B
Div. yield
0.02%
Integrated Oil and Gas Energy
1 win

Head to Head

12 decided of 12

TotalEnergies SE leads on 7 of the 12 questions below (TotalEnergies SE 7, Equinor Asa 4, Imperial Oil 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQNRTTEIMOLeader
Larger companyMarket capitalisation $124.80B $205.28B $65.02B TTE
Cheaper on earningsLower P/E, profitable companies only 15.6x 18.3x 21.6x EQNR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.1x 8.1x 12.6x TTE
Faster revenue growthRevenue growth, trailing twelve months +5.8% +13.8% +5.5% TTE
More profitableNet margin, trailing twelve months 7.0% 9.7% 8.0% TTE
Better return on capitalReturn on invested capital 47.7% 22.6% 15.4% EQNR
Less leveragedLower net debt / EBITDA 0.0x 0.5x 0.1x EQNR
Higher dividend yieldTrailing dividend yield 0.00% 0.04% 0.02% TTE
Better 1-year returnPrice return, last 12 months +95.5% +48.3% +49.8% EQNR
Better 5-year returnAnnualised price return, 5 years +12.1%/yr +12.7%/yr +31.0%/yr IMO
Less volatileAnnualised volatility, 1 year 39.0% 24.8% 28.7% TTE
Higher overall scoreMean of the five percentile scores vs peers 67/100 71/100 63/100 TTE

Percentile Scorecard

EQNRTTEIMO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEQNRTTEIMO
Valuation 81 #20 of 99 85 #16 of 99 32 #68 of 99
Growth 57 #42 of 97 67 #33 of 97 55 #44 of 97
Profitability 81 #19 of 96 79 #21 of 96 64 #35 of 96
Financial Health 56 #45 of 102 53 #49 of 102 82 #19 of 102
Shareholder Returns 59 #32 of 76 72 #22 of 76 83 #14 of 76
Overall 67 71 63
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • TTE ranked among 103 companies in Oil and Gas Upstream
  • IMO ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEQNRTTEIMOSPY
1 month +13.7%+1.2%+8.1% -1.0%
3 months +21.0%+6.9%+4.9% +2.9%
6 months +28.7%+3.4%+8.3% +6.4%
Year to date +106.6%+41.9%+56.1% +11.4%
1 year +95.5%+48.3%+49.8% +13.1%
3 years +47.8%+42.3%+132.7% +79.4%
3 years, per year +13.9%+12.5%+32.5% +21.5%
5 years +76.8%+81.4%+285.8% +67.7%
5 years, per year +12.1%+12.7%+31.0% +10.9%
10 years +195.5%+92.2%+311.5% +255.2%
10 years, per year +11.4%+6.8%+15.2% +13.5%

Risk

MeasureEQNRTTEIMOSPY
Volatility, 1Y 39.0%24.8%28.7% 12.7%
Downside volatility, 1Y 38.6%24.6%30.7% 12.7%
Beta vs S&P 500, 1Y -1.09-0.34-0.10 1.00
Return / volatility, 1Y 2.451.941.73 1.03
Max drawdown, 5Y -47.8%-28.4%-30.1% -25.4%
From 52-week high 0.0%-0.8%-2.6% -2.5%
52-week high $48.81$93.60$138.33 $779.14
52-week low $22.41$60.99$83.72 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEQNRTTEIMO
P/E now vs peer median 15.8xmedian 13.1x 18.1xmedian 13.1x 21.6xmedian 13.1x
P/S now vs peer median 1.1xmedian 2.0x 1.8xmedian 2.0x 1.7xmedian 2.0x
EV/EBITDA now vs peer median 2.8xmedian 5.7x 3.4xmedian 5.7x 11.3xmedian 5.7x
P/FCF now vs peer median 12.7xmedian 11.1x 6.4xmedian 11.1x 17.9xmedian 11.1x
P/B now vs peer median 2.8xmedian 1.5x 1.6xmedian 1.5x 3.8xmedian 1.5x
PEG now vs peer median —median 2.24 -1.56median 2.24 -4.24median 2.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEQNRTTEIMO
Revenue $114.42B $115.93B $37.53B
Gross profit – $115.93B –
Operating income $32.53B $54.64B –
Net income $9.05B $18.10B $3.01B
Free cash flow $9.58B $32.15B $3.64B
R&D $880.00M $228.00M $6.51M
EPS (diluted) $3.08 $4.37 $6.21
Cash & equivalents $8.06B $27.68B $2.00B
Total debt $105.13B $259.58B $11.46B
Shares (diluted) 2.60B 2.57B 484.90M
Enterprise value $39.26B $85.86B $60.11B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEQNRTTEIMO
P/E 15.8x 18.1x 21.6x
P/FCF 12.7x 6.4x 17.9x
P/Operating cash flow 5.3x 6.2x 12.6x
P/S 1.1x 1.8x 1.7x
P/B 2.8x 1.6x 3.8x
P/Tangible book 2.8x 1.6x 3.8x
EV/EBITDA 2.8x 3.4x 11.3x
EV/EBIT 3.8x 4.3x 16.7x
EV/Revenue 1.1x 2.0x 1.8x
EV/FCF 12.8x 7.3x 18.1x
EV/Operating cash flow 5.3x 7.1x 12.7x
PEG (3Y EPS CAGR) – -1.56 -4.24

Growth

14 metrics
MetricEQNRTTEIMO
Revenue growth (1Y) 5.8% 13.8% 5.5%
Revenue CAGR (3Y) – -14.9% -2.2%
Gross profit growth (1Y) – 13.8% –
Gross profit CAGR (3Y) – 2.8% –
Operating income growth (1Y) 7.6% 13.9% –
Operating income CAGR (3Y) – 0.7% –
Net income growth (1Y) 10.0% 38.7% -10.5%
Net income CAGR (3Y) – -3.2% -10.9%
EPS growth (1Y) 24.1% 72.0% -5.8%
EPS CAGR (3Y) – -11.6% -5.1%
Operating cash flow growth (1Y) 15.5% 17.2% 15.5%
Operating cash flow CAGR (3Y) – -5.0% 5.0%
Free cash flow growth (1Y) 39.6% 19.1% 13.2%
Free cash flow CAGR (3Y) – -4.4% 5.2%

Profitability

14 metrics
MetricEQNRTTEIMO
Gross margin – 100.0% –
EBITDA margin 38.9% 59.8% 15.6%
Operating margin 28.4% 47.1% –
Pretax margin 29.0% 28.9% 10.5%
Net margin 7.0% 9.7% 8.0%
FCF margin 8.4% 27.7% 9.7%
Operating cash flow margin 20.2% 28.5% 13.8%
Return on equity 20.9% 8.9% 17.9%
Return on assets 658.7% 3.6% 9.1%
Return on invested capital 47.7% 22.6% 15.4%
Return on capital employed – 25.4% 15.2%
Asset turnover 83.3x 0.4x 1.1x
Cash conversion (OCF / net income) 2.6x 1.8x 1.7x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricEQNRTTEIMO
Debt / assets 1,784% 20.1% 8.3%
Debt / equity 0.6x 0.5x 0.2x
Net debt / EBITDA 0.0x 0.5x 0.1x
Debt / FCF 2.5x 2.0x 0.8x
Liabilities / assets -3,046% 58.3% 48.7%
Equity / assets 3,146% 41.7% 51.3%
Interest coverage – 23,923,370x 147.4x
Current ratio 1.2x 1.1x 1.4x
Quick ratio 0.9x 0.5x 1.1x
Cash ratio 0.6x 0.3x 0.3x
Altman Z-score – – 4.67

Shareholder Returns

7 metrics
MetricEQNRTTEIMO
Dividend yield 3.1% 5.6% 2.3%
Net buyback yield – 0.5% 3.6%
Shareholder yield 3.1% 6.1% 5.9%
Payout ratio (earnings) – 44.0% 36.0%
Payout ratio (FCF) – 24.8% 29.8%
Dividend growth (1Y) – 6.1% 15.1%
Dividend CAGR (3Y) – 2.3% 14.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEQNRTTEIMO
Forward P/E 9.1xFY2026 8.1xFY2026 12.6xFY2026
EPS, next fiscal year $5.34FY2026 $11.44FY2026 $10.67FY2026
EPS growth, next FY +116.2%FY2026 +66.0%FY2026 +71.8%FY2026
EPS growth, the year after -17.6% -8.7% +6.6%
Revenue, next fiscal year $120.34BFY2026 $203.54BFY2026 $45.71BFY2026
Revenue growth, next FY +13.7%FY2026 +11.6%FY2026 +33.3%FY2026
Revenue growth, the year after -2.1% +3.5% -8.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQNRTTEIMO
Held by institutions 6.6% 46.3% 26.7%
Institutions holding 409 1,002 413
Change in shares held, QoQ +1.8% +3.8% +6.1%
Institutions buying 230 457 185
Institutions selling 115 354 141
Buyers to sellers 2.00 1.29 1.31

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EQNRTTEIMO
EQNR 1.00 0.72 0.63
TTE 0.72 1.00 0.54
IMO 0.63 0.54 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, EQNR, TTE and IMO?

TotalEnergies SE (TTE) is the largest by market capitalisation: Equinor Asa (EQNR) $124.80B, TotalEnergies SE (TTE) $205.28B, Imperial Oil (IMO) $65.02B.

Which stock is cheaper, EQNR, TTE and IMO?

Equinor Asa (EQNR) trades on the lowest price-to-earnings ratio (Equinor Asa (EQNR) 15.6x, TotalEnergies SE (TTE) 18.3x, Imperial Oil (IMO) 21.6x). On next year's consensus earnings, TotalEnergies SE (TTE) is cheapest (Equinor Asa (EQNR) 9.1x, TotalEnergies SE (TTE) 8.1x, Imperial Oil (IMO) 12.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

TotalEnergies SE (TTE) grew revenue fastest over the trailing twelve months: Equinor Asa (EQNR) +5.8%, TotalEnergies SE (TTE) +13.8%, Imperial Oil (IMO) +5.5%.

Which company is more profitable?

TotalEnergies SE (TTE) has the highest net margin (Equinor Asa (EQNR) 7.0%, TotalEnergies SE (TTE) 9.7%, Imperial Oil (IMO) 8.0%). On return on invested capital, Equinor Asa (EQNR) leads (Equinor Asa (EQNR) 47.7%, TotalEnergies SE (TTE) 22.6%, Imperial Oil (IMO) 15.4%).

Which stock has performed better?

Over the past year Equinor Asa (EQNR) returned the most: Equinor Asa (EQNR) +95.5%, TotalEnergies SE (TTE) +48.3%, Imperial Oil (IMO) +49.8%. Over five years, Imperial Oil (IMO) compounded fastest (Equinor Asa (EQNR) +12.1%/yr, TotalEnergies SE (TTE) +12.7%/yr, Imperial Oil (IMO) +31.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

TotalEnergies SE (TTE) has the highest dividend yield: Equinor Asa (EQNR) 0.00%, TotalEnergies SE (TTE) 0.04%, Imperial Oil (IMO) 0.02%. Equinor Asa (EQNR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, TotalEnergies SE (TTE) has been the steadiest (Equinor Asa (EQNR) 39.0%, TotalEnergies SE (TTE) 24.8%, Imperial Oil (IMO) 28.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EQNR, TTE and IMO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, TotalEnergies SE (TTE) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.