Tourmaline Oil Corp. (TOU) - Net Assets

Latest as of September 2025: CA$16.38 Billion CAD ≈ $11.85 Billion USD

Based on the latest financial reports, Tourmaline Oil Corp. (TOU) has net assets worth CA$16.38 Billion CAD (≈ $11.85 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$23.74 Billion ≈ $17.18 Billion USD) and total liabilities (CA$7.37 Billion ≈ $5.33 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.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$16.38 Billion
% of Total Assets	68.97%
Annual Growth Rate	20.84%
5-Year Change	67.56%
10-Year Change	197.11%
Growth Volatility	17.17

Tourmaline Oil Corp. - Net Assets Trend (2009–2024)

This chart illustrates how Tourmaline Oil Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Tourmaline Oil Corp. (2009–2024)

The table below shows the annual net assets of Tourmaline Oil Corp. from 2009 to 2024.

Year	Net Assets	Change
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	--

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 526222300000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CA$5.26 Billion	33.84%
Common Stock	CA$9.86 Billion	63.41%
Other Components	CA$426.90 Million	2.75%
Total Equity	CA$15.54 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
Power Finance Corporation Limited NSE:PFC	$16.75 Billion
Rede D'Or São Luiz S.A. SA:RDOR3	$16.76 Billion
Hologic Inc NASDAQ:HOLX	$16.77 Billion
XCMG Construction Machinery Co Ltd SHE:000425	$16.79 Billion
Western Midstream Partners LP NYSE:WES	$16.74 Billion
BE SEMICON.INDS NY EO091 F:BSIA	$16.74 Billion
Falabella SN:FALABELLA	$16.72 Billion
China Merchants Securities Co Ltd SHG:600999	$16.69 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 2023 to 2024, total equity changed from 14,015,751,000 to 15,543,564,000, a change of 1,527,813,000 (10.9%).
Net income of 1,264,109,000 contributed positively to equity growth.
Dividend payments of 1,185,912,000 reduced retained earnings.
Share repurchases of 41,185,000 reduced equity.
New share issuances of 41,185,000 increased equity.
Other factors increased equity by 1,449,616,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$1.26 Billion	+8.13%
Dividends Paid	CA$1.19 Billion	-7.63%
Share Repurchases	CA$41.19 Million	-0.26%
Share Issuances	CA$41.19 Million	+0.26%
Other Changes	CA$1.45 Billion	+9.33%
Total Change	CA$-	10.90%

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: 1.39x
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 7.46x to 1.39x 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$59.83	x
2010-12-31	CA$12.47	CA$59.83	x
2011-12-31	CA$14.68	CA$59.83	x
2012-12-31	CA$16.28	CA$59.83	x
2013-12-31	CA$17.80	CA$59.83	x
2014-12-31	CA$21.82	CA$59.83	x
2015-12-31	CA$24.23	CA$59.83	x
2016-12-31	CA$28.81	CA$59.83	x
2017-12-31	CA$26.66	CA$59.83	x
2018-12-31	CA$27.76	CA$59.83	x
2019-12-31	CA$28.63	CA$59.83	x
2020-12-31	CA$32.38	CA$59.83	x
2021-12-31	CA$36.64	CA$59.83	x
2022-12-31	CA$39.96	CA$59.83	x
2023-12-31	CA$40.58	CA$59.83	x
2024-12-31	CA$43.15	CA$59.83	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): 8.13%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 29.03%
• Asset Turnover: 0.19x
• Equity Multiplier: 1.46x
Recent ROE (8.13%) is above the historical average (6.98%), indicating improving 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

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: $400,345,367
Average return on equity (ROE) among peers: -12.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tourmaline Oil Corp. (TOU)	CA$16.38 Billion	-0.24%	0.45x	$16.75 Billion
Advantage Oil & Gas Ltd. (AAV)	$817.74 Million	-3.90%	1.67x	$1.15 Billion
Africa Energy Corp (AFE)	$41.44 Million	-11.19%	0.01x	$81.46 Million
Alvopetro Energy (ALV)	$47.42 Million	-0.52%	0.06x	$222.67 Million
Africa Oil Corp (AOI)	$5.79 Million	-13.53%	0.01x	$820.85 Million
Altima Resources Ltd (ARH)	$-2.40 Million	0.00%	0.00x	$19.37 Million
ARC Resources Ltd. (ARX)	$1.84 Billion	19.45%	0.77x	$10.73 Billion
Athabasca Oil Corp (ATH)	$1.22 Billion	15.08%	0.72x	$3.89 Billion
Altai Resources Inc. (ATI)	$22.21 Million	-2.68%	0.02x	$1.42 Million
Avanti Energy Inc (AVN)	$15.44 Million	-68.41%	0.11x	$24.04 Million
Arrow Exploration Corp (AXL)	$143.88K	-59.73%	0.06x	$82.72 Million

About Tourmaline Oil Corp.

TO:TOU Canada Oil & Gas E&P

Market Cap

$16.75 Billion

CA$23.15 Billion CAD

Market Cap Rank

#1483 Global

#54 in Canada

Share Price

CA$59.83

Change (1 day)

-1.03%

52-Week Range

CA$56.85 - CA$69.52

All Time High

CA$70.65