Imperial OilHAM:IMP -0.98%80 Pretax Margin % is 10.21% as of Mar. 2026, which is 9% above its 10-year median of 9.33. 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 916 Oil & Gas companies, Imperial Oil ranks better than 59.72% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Imperial Oil's Pre-Tax Income for the
three
months ended in Mar. 2026 was €777 Mil. Imperial Oil's Revenue for the
three
months ended in Mar. 2026 was €7,608 Mil. Therefore, Imperial Oil's pretax margin for the quarter that ended in Mar. 2026 was 10.21%.
The historical rank and industry rank for Imperial Oil's Pretax Margin % or its related term are showing as below:
HAM:IMP'
s Pretax Margin % Range Over the Past 10 Years
Min: -11.72 Med: 9.33 Max: 16.57
Current: 8.38
HAM:IMP's Pretax Margin % is ranked better than 59.72% of 916
companies
in the Oil & Gas industry
Industry Median: 5.165
vs HAM:IMP: 8.38
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Imperial Oil Pretax Margin % Related Terms
Imperial Oil Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Imperial Oil's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Imperial Oil's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Imperial Oil's Pretax 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.
Imperial Oil (HAM:IMP) has a Pretax Margin % of 10.21% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Imperial Oil and its competitors. This is near median its historical median of 9.33. According to the industry distribution chart, Imperial Oil ranks #369 out of 916 companies in the Oil & Gas industry, placing it in the top 40.3%.
Is Imperial Oil's Pretax Margin % too high?
Imperial Oil's current Pretax Margin % of 10.21% is near median its 10-year median of 9.33. The Oil & Gas industry median Pretax Margin % is 5.17. Imperial Oil's value of 10.21% is 97.7% above this industry median. Based on the distribution chart, Imperial Oil ranks #369 out of 916 companies in the Oil & Gas industry, which is above 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 Pretax Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Imperial Oil ranks #369 out of 916 companies for Pretax Margin %. This puts Imperial Oil in the upper half of its industry. The industry median Pretax Margin % is 5.17. Imperial Oil's value of 10.21% is 97.7% above this benchmark. While the company's 10-year median is 9.33 vs. the industry median of 5.17, Imperial Oil has consistently been above 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Imperial Oil's current Pretax Margin % of 10.21% is 97.7% above 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Imperial Oil and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Oil's current Pretax Margin % is 10.21%, which is near median its own 10-year median of 9.33. 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 Pretax Margin % of 10.21%. 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 Pretax Margin % is 10.21%, which is near median its 10-year median of 9.33 and 97.7% above the Oil & Gas industry median of 5.17. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Imperial Oil (HAM:IMP), the current Pretax Margin % is 10.21% 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:
Pretax Margin %: 10.21% (near median its 10-year median of 9.33)
GF Value™: €69.69 vs. price of €98.86 (41.9% above fair value)
Industry Position: 97.7% above the Oil & Gas median (#369 of 916)
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.
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