Side by sideImperial (IMO.TO) and Tourmaline (TOU.TO)Memos of October 12, 2026 and October 17, 2026
Imperial vs Tourmaline stock: the numbers side by side (October 2026)
How do Imperial and Tourmaline compare?
| Imperial IMO.TO | Tourmaline TOU.TO | |
|---|---|---|
| Revenue growth | -8.6%2025 | 11.6%2025 |
| Free cash flow | 4,685C$ millions · 2025 | 386,646C$ thousands · 2025 |
| Free cash flow yield | 5.5%Today (Oct 12, 2026) | 1.5%Today (Oct 17, 2026) |
| Dividend yield | 2.0%Today (Oct 12, 2026) | 3.0%Today (Oct 17, 2026) |
| P/E, last 12 months | 20.60xToday (Oct 12, 2026) | 68.9xToday (Oct 17, 2026) |
| P/E, next 12 months | 13.23xToday (Oct 12, 2026) | 13.2xToday (Oct 17, 2026) |
| Weighted price forecast, about 1 year | 187.50 (+9 %)October 2027 | 67.17 (+5 %)October 2027 |
| Weighted price forecast, about 3 years | 243.04 (+45 %)October 2029 | 76.96 (+27 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Tourmaline | The higher figure |
| Free cash flow | — | The higher figure |
| Free cash flow yield | Imperial | The higher figure |
| Dividend yield | Tourmaline | The higher figure |
| P/E, last 12 months | Imperial | The lower figure |
| P/E, next 12 months | Tourmaline | The lower figure |
| Weighted price forecast, about 1 year | Imperial | The higher weighted return |
| Weighted price forecast, about 3 years | Imperial | The higher weighted return |
What does each company do?
Imperial produces oil and gas, refines crude—unrefined oil pumped from the ground—into fuels, and sells chemicals and other products to businesses and consumers.
Imperial (IMO.TO), from our memo of October 12, 2026 · Imperial stock forecast
Tourmaline Oil Corp. produces gas and liquids from western Canada for commercial buyers, including marketers—companies that buy and sell natural gas—and pipeline-connected customers.
Tourmaline (TOU.TO), from our memo of October 17, 2026 · Tourmaline stock forecast
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