Imperial OilHAM:IMP -0.98%80 Gross Margin % is 13.39% as of Mar. 2026, which is 12% above its 10-year median of 11.91. GuruFocus rates HAM:IMP with a GF Score™ of 80/100 and a GF Value™ of €69.69. The stock has 2 warning signs investors should review. Among 867 Oil & Gas companies, Imperial Oil ranks worse than 74.63% on this metric.
The historical rank and industry rank for Imperial Oil's Gross Margin % or its related term are showing as below:
HAM:IMP'
s Gross Margin % Range Over the Past 10 Years
Min: -7.66 Med: 11.91 Max: 17.81
Current: 11.59
During the past 13 years, the highestGross Margin % of Imperial Oil was 17.81%. The lowest was -7.66%. And the median was 11.91%.
HAM:IMP's Gross Margin % is ranked worse than 74.63% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs HAM:IMP: 11.59
Imperial Oil had a gross margin of 13.39% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Imperial Oil was 0.00% per year.
Imperial Oil (HAM:IMP) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Imperial Oil had a gross margin of 13.39% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Imperial Oil Gross Margin % Related Terms
Imperial Oil Gross Margin % Historical Data
* Premium members only.
The historical data trend for Imperial Oil's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Integrated subindustry, Imperial Oil's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Imperial Oil Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Imperial Oil's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Imperial Oil's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Imperial Oil (HAM:IMP) has a Gross Margin % of 13.39% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Imperial Oil and its competitors. This is 12% above median its historical median of 11.91. According to the industry distribution chart, Imperial Oil ranks #647 out of 867 companies in the Oil & Gas industry, placing it in the top 74.6%.
Is Imperial Oil's Gross Margin % too high?
Imperial Oil's current Gross Margin % of 13.39% is 12% above median its 10-year median of 11.91. The Oil & Gas industry median Gross Margin % is 25.70. Imperial Oil's value of 13.39% is 47.9% below this industry median. Based on the distribution chart, Imperial Oil ranks #647 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Imperial Oil has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Oil's Gross Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Imperial Oil ranks #647 out of 867 companies for Gross Margin %. This places Imperial Oil in the lower half of its industry. The industry median Gross Margin % is 25.70. Imperial Oil's value of 13.39% is 47.9% below this benchmark. While the company's 10-year median is 11.91 vs. the industry median of 25.70, Imperial Oil has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Imperial Oil's current Gross Margin % of 13.39% is 47.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Imperial Oil and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Oil's current Gross Margin % is 13.39%, which is 12% above median its own 10-year median of 11.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Oil stock overvalued right now?
Imperial Oil (HAM:IMP) has a current Gross Margin % of 13.39%. The stock's GF Value™ is €69.69, compared to a current price of €98.86 — trading 41.9% above its estimated fair value. The current Gross Margin % is 13.39%, which is 12% above median its 10-year median of 11.91 and 47.9% below the Oil & Gas industry median of 25.70. Imperial Oil's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Imperial Oil (HAM:IMP), the current Gross Margin % is 13.39% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Imperial Oil (HAM:IMP) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued.
The current stock price of €98.86 is trading 41.9% above its estimated GF Value™ of €69.69.
Key valuation signals for HAM:IMP:
Gross Margin %: 13.39% (12% above median its 10-year median of 11.91)
GF Value™: €69.69 vs. price of €98.86 (41.9% above fair value)
Industry Position: 47.9% below the Oil & Gas median (#647 of 867)
No single metric tells the full story. See the HAM:IMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
80GF Score
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