Imperial Oil (IMO) Return on Invested Capital [ROIC] (2009 - 2026)
Imperial Oil's Return on Invested Capital [ROIC] was 21.92% in Q3 2026, up 8.01 percentage points from 13.91% a year earlier and up 6.47 percentage points from the prior quarter.
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Analysis
Imperial Oil (IMO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Imperial Oil came in at 12.24%, down 5.78 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for three consecutive years, though with a five-year change of +18.46 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 18.03% in FY2024 (-0.51 pp), 18.53% in FY2023 (-9.37 pp), 27.90% in FY2022 (+18.33 pp) and 9.58% in FY2021 (+15.79 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q1 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in 1 of the last eight quarters, with an average year-over-year change of -1.62 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2022 (a gain of 22.70 percentage points); the worst was Q4 2023 (a drop of 11.14 percentage points).
- Per Business Quant data, IMO's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 15.45% (Q2 2026), 11.10% (Q1 2026) and 11.95% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 13.86% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 12.13% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 21.61% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 9.03% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 22.50% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 57.33% |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 25.31% |
| 10 | Imperial Oil | 59.85 Bn | 54.24 Bn | - | 21.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.92% |
| Jun 30, 2026 | 15.45% |
| Mar 31, 2026 | 11.10% |
| Dec 31, 2025 | 11.95% |
| Sep 30, 2025 | 13.91% |
| Jun 30, 2025 | 16.44% |
| Mar 31, 2025 | 18.07% |
| Dec 31, 2024 | 17.74% |
| Sep 30, 2024 | 17.82% |
| Jun 30, 2024 | 19.45% |
| Mar 31, 2024 | 18.10% |
| Dec 31, 2023 | 18.02% |
| Sep 30, 2023 | 18.82% |
| Jun 30, 2023 | 20.71% |
| Mar 31, 2023 | 28.41% |
| Dec 31, 2022 | 29.16% |
| Sep 30, 2022 | 24.99% |
| Jun 30, 2022 | 19.55% |
| Mar 31, 2022 | 12.15% |
| Dec 31, 2021 | 9.60% |
API Access
Imperial Oil Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=IMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "IMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=IMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();