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Integrated Canadian energy company with oil-sands production, refining and Petro-Canada retail fuel stations.
Integrated Canadian energy company with oil-sands production, refining and Petro-Canada retail fuel stations.
Sells synthetic crude from its own oil-sands mines and turns part of it into fuels at its own refineries, selling through the Petro-Canada stations, so the refining and retail arms cushion weak crude prices. It merged with Petro-Canada in 2009.
In one line: Canada's Marathon Petroleum plus an oil-sands producer.
Moat: narrow (scale, installed base, distribution). Integrated oil-sands-to-retail chain and Petro-Canada's national fuel-retail network.
Headquarters: Calgary, Alberta, Canada · Employees: 15,424
Size Suncor Energy (SU.TO) is a Canada Energy company (Integrated Oil) with a market value of $81.0B, the 11th largest of 420 Canada companies the cockpit tracks. Shares closed at C$97.10 on 6 Nov 2026.
Performance Over six months the shares gained 11.6%, against +1.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 27.3% over the last twelve months (peer median +15.0%); the operating margin is 23.6% (peer median 23.1%).
Valuation It trades at 8.6× forward earnings against a peer median of 7.6× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.6 points above its cost of capital (5.9% WACC).
Credit Suncor Energy has 4 bonds outstanding ($1.80B), rated NR by the agencies and trading like A- at a weighted spread of 106 bp.
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$62.9B | C$48.9B | C$50.7B | C$49.1B | C$58.3B |
| Revenue growth | — | -4% | +3% | -16% | — |
| Gross profit | C$29.1B | C$19.0B | C$19.9B | C$19.5B | C$24.8B |
| EBITDA | C$23.6B | C$15.5B | C$16.6B | C$15.6B | C$23.0B |
| Net income | C$11.1B | C$5.92B | C$6.02B | C$8.29B | C$9.08B |
| Free cash flow | C$12.7B | C$6.92B | C$9.48B | C$6.52B | C$10.7B |
| Capital expenditure | C$5.49B | C$5.86B | C$6.48B | C$5.83B | C$4.99B |
| Total debt | C$14.4B | C$14.5B | C$15.1B | C$15.8B | C$16.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Suncor Energy SU.TO | $81.0B | +12% | +27% | 24% | 8.6× | -11.7% |
| Canadian Natural Resources CNQ.TO | $101B | +12% | +18% | 27% | 10.3× | 2.8% |
| Imperial Oil IMO.TO | $59.5B | +3% | +19% | 14% | 10.5× | -0.2% |
| Cenovus Energy CVE.TO | $50.2B | 0% | +12% | 21% | 6.7× | -14.4% |
| Marathon Petroleum MPC | $101B | +53% | +32% | 12% | 5.1× | -16.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SU.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.2% | -4.3% | 6th highest of 20 |
| 6-month return | +11.6% | +1.9% | 7th highest of 20 |
| Distance from 52-week high | -13.9% | -16.0% | 9th highest of 20 |
| Revenue growth (TTM) | +27.3% | +15.0% | highest of 20 |
| Operating margin | 23.6% | 23.1% | 10th highest of 20 |
| Forward P/E | 8.6× | 7.6× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -11.7% | -13.5% | 9th most demanding of 20 |
| Growth delivered (Del g) | +14.7% | +17.1% | 7th lowest of 20 |
| Hurdle (Req g minus delivered) | -26.4 pp | -28.0 pp | 8th most demanding of 20 |
| ROIC minus cost of capital | +13.6 pp | +9.6 pp | 7th highest of 20 |
| EV / EBITDA | 5.1× | 4.3× | 8th most expensive of 20 |
| Net debt / EBITDA | 0.3× | 0.6× | 5th least indebted of 20 |
| Bond spread | 106 bp | 76 bp | widest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suncor Energy SU.TO | Canada | $81.0B | +12% | +27% | 24% | 8.6× | -11.7% | +14.7% |
| EOG Resources EOG | United States | $77.2B | +13% | +17% | 35% | 8.3× | -13.5% | +17.9% |
| Canadian Natural Resources CNQ.TO | Canada | $101B | +12% | +18% | 27% | 10.3× | 2.8% | +18.1% |
| Equinor EQNR.OL | Norway | $102B | +12% | +2% | 33% | 7.2× | -15.4% | +20.7% |
| Imperial Oil IMO.TO | Canada | $59.5B | +3% | +19% | 14% | 10.5× | -0.2% | +17.1% |
| Bp PLC BP..L | United Kingdom | $116B | +2% | +23% | 13% | 5.4× | -16.3% | +11.7% |
| Occidental Petroleum OXY | United States | $56.4B | +7% | -11% | 23% | 9.1× | -2.5% | +4.7% |
| Petroleo Brasileiro SA Sponsored ADR PBR | United States | $118B | -9% | +21% | 35% | 3.7× | -19.8% | +11.0% |
| Cenovus Energy CVE.TO | Canada | $50.2B | 0% | +12% | 21% | 6.7× | -14.4% | +29.7% |
| CNOOC 600938.SS | China | $141B | -22% | +7% | 46% | 9.0× | -21.8% | +20.6% |
| Devon Energy DVN | United States | $46.4B | -7% | +18% | 24% | 7.6× | 0.9% | +31.5% |
| Repsol REP.MC | Spain | $36.2B | +34% | +24% | 13% | 4.7× | -20.1% | +10.5% |
| TotalEnergies TTE.PA | France | $200B | +2% | +11% | 17% | 7.0× | -15.6% | +9.0% |
| Ecopetrol SA Sponsored ADR EC | United States | $32.6B | +23% | +6% | 22% | 6.5× | -6.7% | +15.9% |
| EQT EQT | United States | $30.9B | -12% | +18% | 42% | 16.0× | -1.9% | +25.7% |
| Oil & Natural Gas ONGC.NS | India | $30.8B | -18% | +7% | 9% | 5.6× | -12.6% | +14.9% |
| Inpex 1605.T | Japan | $25.9B | -16% | -8% | 49% | 7.4× | -14.4% | +21.1% |
| Shell SHEL.L | United Kingdom | $284B | +18% | +15% | 16% | 7.7× | -10.9% | +8.1% |
| Indian Oil IOC.NS | India | $21.9B | 0% | +23% | 7% | 20.8× | -2.3% | +16.4% |
| Aker BP AKRBP.OL | Norway | $21.6B | -8% | +4% | 70% | 7.8× | -15.4% | +32.7% |
Suncor Energy has 4 bonds outstanding with $1.80B face value. The agencies rate it NR; its bonds trade like A-. Weighted yield 6.06%, a spread of 106 bp over government bonds.