Tourmaline Oil Corp. (TOU) - Net Assets
Based on the latest financial reports, Tourmaline Oil Corp. (TOU) has net assets worth CA$15.96 Billion CAD (≈ $11.55 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$23.06 Billion ≈ $16.68 Billion USD) and total liabilities (CA$7.10 Billion ≈ $5.14 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Tourmaline Oil Corp. tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$15.96 Billion |
| % of Total Assets | 69.21% |
| Annual Growth Rate | 19.36% |
| 5-Year Change | 33.0% |
| 10-Year Change | 128.07% |
| Growth Volatility | 17.5 |
Tourmaline Oil Corp. - Net Assets Trend (2009–2025)
This chart illustrates how Tourmaline Oil Corp.'s net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Tourmaline Oil Corp. to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tourmaline Oil Corp. (2009–2025)
The table below shows the annual net assets of Tourmaline Oil Corp. from 2009 to 2025. For live valuation and market cap data, see Tourmaline Oil Corp. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$15.44 Billion ≈ $11.17 Billion |
-0.69% |
| 2024-12-31 | CA$15.54 Billion ≈ $11.24 Billion |
+10.90% |
| 2023-12-31 | CA$14.02 Billion ≈ $10.14 Billion |
+2.40% |
| 2022-12-31 | CA$13.69 Billion ≈ $9.90 Billion |
+17.93% |
| 2021-12-31 | CA$11.61 Billion ≈ $8.40 Billion |
+25.12% |
| 2020-12-31 | CA$9.28 Billion ≈ $6.71 Billion |
+16.44% |
| 2019-12-31 | CA$7.97 Billion ≈ $5.76 Billion |
+5.22% |
| 2018-12-31 | CA$7.57 Billion ≈ $5.48 Billion |
+4.93% |
| 2017-12-31 | CA$7.22 Billion ≈ $5.22 Billion |
+6.61% |
| 2016-12-31 | CA$6.77 Billion ≈ $4.90 Billion |
+29.37% |
| 2015-12-31 | CA$5.23 Billion ≈ $3.78 Billion |
+17.44% |
| 2014-12-31 | CA$4.45 Billion ≈ $3.22 Billion |
+32.26% |
| 2013-12-31 | CA$3.37 Billion ≈ $2.44 Billion |
+23.16% |
| 2012-12-31 | CA$2.73 Billion ≈ $1.98 Billion |
+22.31% |
| 2011-12-31 | CA$2.24 Billion ≈ $1.62 Billion |
+44.04% |
| 2010-12-31 | CA$1.55 Billion ≈ $1.12 Billion |
+70.77% |
| 2009-12-31 | CA$908.96 Million ≈ $657.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tourmaline Oil Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 426307600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$4.26 Billion | 27.61% |
| Common Stock | CA$10.67 Billion | 69.14% |
| Other Components | CA$501.77 Million | 3.25% |
| Total Equity | CA$15.44 Billion | 100.00% |
Tourmaline Oil Corp. Competitors by Market Cap
The table below lists competitors of Tourmaline Oil Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KE HOLDINGS SP.ADS/1 CL.A
F:KE8A
|
$17.75 Billion |
|
Essity AB (publ)
ST:ESSITY-B
|
$17.76 Billion |
|
Ke Holdings Inc
NYSE:BEKE
|
$17.78 Billion |
|
Circle Internet Group, Inc.
NYSE:CRCL
|
$17.79 Billion |
|
BSE Limited
NSE:BSE
|
$17.75 Billion |
|
BWX Technologies Inc
NYSE:BWXT
|
$17.72 Billion |
|
Fortum Oyj
HE:FORTUM
|
$17.67 Billion |
|
Samsung Fire & Marine Insurance
KO:000810
|
$17.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tourmaline Oil Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,543,564,000 to 15,436,278,000, a change of -107,286,000 (-0.7%).
- Net income of 262,672,000 contributed positively to equity growth.
- Dividend payments of 1,261,819,000 reduced retained earnings.
- Share repurchases of 38,484,000 reduced equity.
- New share issuances of 38,484,000 increased equity.
- Other factors increased equity by 891,861,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$262.67 Million | +1.7% |
| Dividends Paid | CA$1.26 Billion | -8.17% |
| Share Repurchases | CA$38.48 Million | -0.25% |
| Share Issuances | CA$38.48 Million | +0.25% |
| Other Changes | CA$891.86 Million | +5.78% |
| Total Change | CA$- | -0.69% |
Book Value vs Market Value Analysis
This analysis compares Tourmaline Oil Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.88x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CA$8.02 | CA$63.20 | x |
| 2010-12-31 | CA$12.47 | CA$63.20 | x |
| 2011-12-31 | CA$14.68 | CA$63.20 | x |
| 2012-12-31 | CA$16.28 | CA$63.20 | x |
| 2013-12-31 | CA$17.80 | CA$63.20 | x |
| 2014-12-31 | CA$21.82 | CA$63.20 | x |
| 2015-12-31 | CA$24.23 | CA$63.20 | x |
| 2016-12-31 | CA$28.81 | CA$63.20 | x |
| 2017-12-31 | CA$26.66 | CA$63.20 | x |
| 2018-12-31 | CA$27.76 | CA$63.20 | x |
| 2019-12-31 | CA$28.63 | CA$63.20 | x |
| 2020-12-31 | CA$32.38 | CA$63.20 | x |
| 2021-12-31 | CA$36.64 | CA$63.20 | x |
| 2022-12-31 | CA$39.96 | CA$63.20 | x |
| 2023-12-31 | CA$40.58 | CA$63.20 | x |
| 2024-12-31 | CA$43.15 | CA$63.20 | x |
| 2025-12-31 | CA$40.21 | CA$63.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tourmaline Oil Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.51%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.48x
- Recent ROE (1.70%) is below the historical average (6.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -0.24% | -5.31% | 0.04x | 1.12x | CA$-91.66 Million |
| 2010 | 0.95% | 6.85% | 0.12x | 1.16x | CA$-139.29 Million |
| 2011 | 1.91% | 12.24% | 0.13x | 1.24x | CA$-180.91 Million |
| 2012 | 0.57% | 3.73% | 0.11x | 1.35x | CA$-256.32 Million |
| 2013 | 4.42% | 20.92% | 0.15x | 1.45x | CA$-186.90 Million |
| 2014 | 11.05% | 38.27% | 0.19x | 1.54x | CA$46.42 Million |
| 2015 | 1.54% | 7.58% | 0.14x | 1.47x | CA$-440.23 Million |
| 2016 | -0.47% | -2.90% | 0.12x | 1.39x | CA$-706.04 Million |
| 2017 | 4.82% | 21.45% | 0.16x | 1.42x | CA$-372.02 Million |
| 2018 | 5.32% | 23.78% | 0.16x | 1.42x | CA$-352.91 Million |
| 2019 | 4.11% | 17.41% | 0.16x | 1.49x | CA$-458.76 Million |
| 2020 | 7.02% | 27.80% | 0.16x | 1.56x | CA$-262.60 Million |
| 2021 | 17.46% | 42.51% | 0.29x | 1.39x | CA$865.36 Million |
| 2022 | 32.78% | 63.21% | 0.37x | 1.39x | CA$3.12 Billion |
| 2023 | 12.39% | 35.87% | 0.24x | 1.46x | CA$334.30 Million |
| 2024 | 8.13% | 29.03% | 0.19x | 1.46x | CA$-290.25 Million |
| 2025 | 1.70% | 4.51% | 0.25x | 1.48x | CA$-1.28 Billion |
Industry Comparison
This section compares Tourmaline Oil Corp.'s net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $667,153,468
- Average return on equity (ROE) among peers: -31.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tourmaline Oil Corp. (TOU) | CA$15.96 Billion | -0.24% | 0.44x | $17.75 Billion |
| Advantage Oil & Gas Ltd. (AAV) | $898.29 Million | 3.05% | 1.05x | $1.19 Billion |
| Africa Energy Corp (AFE) | $31.92 Million | -315.19% | 0.33x | $65.86 Million |
| Alvopetro Energy (ALV) | $53.11 Million | 10.74% | 0.51x | $241.80 Million |
| Africa Oil Corp (AOI) | $275.95 Million | -3.86% | 0.10x | $820.85 Million |
| Altima Resources Ltd (ARH) | $19.56 Million | -8.72% | 0.40x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $3.68 Billion | 5.82% | 0.64x | $13.23 Billion |
| Athabasca Oil Corp (ATH) | $1.71 Billion | 33.46% | 0.30x | $3.95 Billion |
| Altai Resources Inc. (ATI) | $4.45 Million | -2.56% | 0.07x | $1.12 Million |
| Avanti Energy Inc (AVN) | $1.77 Million | -30.22% | 0.01x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $189.31K | -7.83% | 0.02x | $108.56 Million |
About Tourmaline Oil Corp.
Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp. was incorporated in 2008 and is headquartered… Read more