IMO vs. TS

Last updated Apr 1, 2026

Compare and contrast key facts about Imperial Oil Limited (IMO) and Tenaris S.A. (TS).

Performance

IMO vs. TS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Imperial Oil Limited (IMO) and Tenaris S.A. (TS). The values are adjusted to include any dividend payments, if applicable.

IMO vs. TS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMO Imperial Oil Limited	52.38%	43.85%	10.47%	20.89%	38.00%	95.29%	-25.37%	7.16%	-17.21%	-8.36%
TS Tenaris S.A.	51.31%	4.98%	12.88%	2.63%	73.26%	34.03%	-28.87%	9.68%	-31.51%	-6.68%

Fundamentals

Market Cap IMO : $64.15B TS : $30.24B
EPS IMO : $6.51 TS : $3.63
PE Ratio IMO : 20.11 TS : 16.04
PEG Ratio IMO : 0.46 TS : 0.44
PS Ratio IMO : 1.44 TS : 2.59
PB Ratio IMO : 2.88 TS : 1.82
Total Revenue (TTM) IMO : $45.60B TS : $11.97B
Gross Profit (TTM) IMO : $6.60B TS : $3.84B
EBITDA (TTM) IMO : $6.84B TS : $3.10B

Returns By Period

The year-to-date returns for both stocks are quite close, with IMO having a 52.38% return and TS slightly lower at 51.31%. Over the past 10 years, IMO has outperformed TS with an annualized return of 17.86%, while TS has yielded a comparatively lower 12.29% annualized return.

IMO

• 1D: 0.91%
• 1M: 12.12%
• YTD: 52.38%
• 6M: 45.75%
• 1Y: 85.28%
• 3Y*: 40.78%
• 5Y*: 42.67%
• 10Y*: 17.86%

TS

• 1D: 1.71%
• 1M: 6.95%
• YTD: 51.31%
• 6M: 65.07%
• 1Y: 53.49%
• 3Y*: 31.55%
• 5Y*: 24.12%
• 10Y*: 12.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IMO vs. TS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMO

IMO Risk / Return Rank: 94
IMO Sharpe Ratio Rank: 96
IMO Sortino Ratio Rank: 94
IMO Omega Ratio Rank: 94
IMO Calmar Ratio Rank: 94
IMO Martin Ratio Rank: 94

TS

TS Risk / Return Rank: 83
TS Sharpe Ratio Rank: 87
TS Sortino Ratio Rank: 83
TS Omega Ratio Rank: 83
TS Calmar Ratio Rank: 82
TS Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMO vs. TS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Imperial Oil Limited (IMO) and Tenaris S.A. (TS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IMO	TS	Difference
Sharpe ratio Return per unit of total volatility	2.92	1.69	+1.23
Sortino ratio Return per unit of downside risk	3.38	2.24	+1.14
Omega ratio Gain probability vs. loss probability	1.46	1.31	+0.16
Calmar ratio Return relative to maximum drawdown	4.93	2.41	+2.51
Martin ratio Return relative to average drawdown	14.78	6.55	+8.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMO vs. TS - Sharpe Ratio Comparison

The current IMO Sharpe Ratio is 2.92, which is higher than the TS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of IMO and TS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IMO	TS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	1.69	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.32	0.71	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.33	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.40	+0.05

Correlation

The correlation between IMO and TS is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IMO vs. TS - Dividend Comparison

IMO's dividend yield for the trailing twelve months is around 1.69%, less than TS's 1.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMO Imperial Oil Limited	1.69%	2.40%	2.84%	2.73%	2.30%	2.28%	3.50%	2.41%	2.36%	2.02%	1.70%	1.66%
TS Tenaris S.A.	1.96%	2.96%	3.55%	3.11%	2.56%	2.59%	0.88%	3.62%	3.85%	4.39%	2.41%	3.78%

Drawdowns

IMO vs. TS - Drawdown Comparison

The maximum IMO drawdown since its inception was -84.82%, roughly equal to the maximum TS drawdown of -83.34%. Use the drawdown chart below to compare losses from any high point for IMO and TS.

Drawdown Indicators

	IMO	TS	Difference
Max Drawdown Largest peak-to-trough decline	-84.82%	-83.34%	-1.48%
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	-22.17%	+4.07%
Max Drawdown (5Y) Largest decline over 5 years	-29.72%	-33.71%	+3.99%
Max Drawdown (10Y) Largest decline over 10 years	-76.96%	-76.21%	-0.75%
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	-21.27%	-37.08%	+15.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	8.17%	-2.14%

Volatility

IMO vs. TS - Volatility Comparison

The current volatility for Imperial Oil Limited (IMO) is 5.44%, while Tenaris S.A. (TS) has a volatility of 7.69%. This indicates that IMO experiences smaller price fluctuations and is considered to be less risky than TS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMO	TS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	7.69%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	20.14%	21.26%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	29.43%	31.76%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.67%	33.94%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.47%	36.93%	-1.46%

Financials

IMO vs. TS - Profitability Comparison

The chart below illustrates the profitability comparison between Imperial Oil Limited and Tenaris S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IMO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Imperial Oil Limited reported a gross profit of 1.92B and revenue of 11.27B. Therefore, the gross margin over that period was 17.0%.

TS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tenaris S.A. reported a gross profit of 735.68M and revenue of 3.00B. Therefore, the gross margin over that period was 24.6%.

IMO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Imperial Oil Limited reported an operating income of 624.49M and revenue of 11.27B, resulting in an operating margin of 5.5%.

TS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tenaris S.A. reported an operating income of 553.94M and revenue of 3.00B, resulting in an operating margin of 18.5%.

IMO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Imperial Oil Limited reported a net income of 491.60M and revenue of 11.27B, resulting in a net margin of 4.4%.

TS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tenaris S.A. reported a net income of 448.87M and revenue of 3.00B, resulting in a net margin of 15.0%.