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Side-by-side financial comparison of AVADEL PHARMACEUTICALS PLC (AVDL) and IMAX CORP (IMAX). Click either name above to swap in a different company.

IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $77.5M, roughly 1.6× AVADEL PHARMACEUTICALS PLC). IMAX CORP runs the higher net margin — 0.5% vs 0.0%, a 0.5% gap on every dollar of revenue. On growth, AVADEL PHARMACEUTICALS PLC posted the faster year-over-year revenue change (54.9% vs 35.1%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $22.2M). Over the past eight quarters, AVADEL PHARMACEUTICALS PLC's revenue compounded faster (99.6% CAGR vs 25.8%).

Avadel Pharmaceuticals, is an Irish specialty pharmaceutical company that focuses on sleep disorder medicines. Avadel markets products in the hospital and primary care spaces. The company is headquartered in Dublin, Ireland with operations in St. Louis, Missouri and Lyon, France.

IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.

AVDL vs IMAX — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.6× larger
IMAX
$125.2M
$77.5M
AVDL
Growing faster (revenue YoY)
AVDL
AVDL
+19.7% gap
AVDL
54.9%
35.1%
IMAX
Higher net margin
IMAX
IMAX
0.5% more per $
IMAX
0.5%
0.0%
AVDL
More free cash flow
IMAX
IMAX
$5.8M more FCF
IMAX
$28.0M
$22.2M
AVDL
Faster 2-yr revenue CAGR
AVDL
AVDL
Annualised
AVDL
99.6%
25.8%
IMAX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AVDL
AVDL
IMAX
IMAX
Revenue
$77.5M
$125.2M
Net Profit
$20.0K
$637.0K
Gross Margin
57.6%
Operating Margin
2.5%
19.3%
Net Margin
0.0%
0.5%
Revenue YoY
54.9%
35.1%
Net Profit YoY
100.8%
-88.0%
EPS (diluted)
$0.00
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVDL
AVDL
IMAX
IMAX
Q4 25
$125.2M
Q3 25
$77.5M
$106.7M
Q2 25
$68.1M
$91.7M
Q1 25
$52.5M
$86.7M
Q4 24
$50.4M
$92.7M
Q3 24
$50.0M
$91.5M
Q2 24
$41.5M
$89.0M
Q1 24
$27.2M
$79.1M
Net Profit
AVDL
AVDL
IMAX
IMAX
Q4 25
$637.0K
Q3 25
$20.0K
$20.7M
Q2 25
$9.7M
$11.3M
Q1 25
$-4.9M
$2.3M
Q4 24
$-5.0M
$5.3M
Q3 24
$-2.6M
$13.9M
Q2 24
$-13.8M
$3.6M
Q1 24
$-27.3M
$3.3M
Gross Margin
AVDL
AVDL
IMAX
IMAX
Q4 25
57.6%
Q3 25
63.1%
Q2 25
90.7%
58.5%
Q1 25
89.4%
61.4%
Q4 24
90.5%
52.2%
Q3 24
87.7%
55.8%
Q2 24
93.3%
49.4%
Q1 24
94.4%
59.3%
Operating Margin
AVDL
AVDL
IMAX
IMAX
Q4 25
19.3%
Q3 25
2.5%
27.2%
Q2 25
13.0%
15.6%
Q1 25
-5.7%
19.3%
Q4 24
-6.5%
10.3%
Q3 24
-0.7%
21.2%
Q2 24
-30.7%
3.2%
Q1 24
-95.8%
15.3%
Net Margin
AVDL
AVDL
IMAX
IMAX
Q4 25
0.5%
Q3 25
0.0%
19.4%
Q2 25
14.2%
12.3%
Q1 25
-9.4%
2.7%
Q4 24
-10.0%
5.7%
Q3 24
-5.2%
15.2%
Q2 24
-33.3%
4.0%
Q1 24
-100.6%
4.1%
EPS (diluted)
AVDL
AVDL
IMAX
IMAX
Q4 25
$0.02
Q3 25
$0.00
$0.37
Q2 25
$0.10
$0.20
Q1 25
$-0.05
$0.04
Q4 24
$-0.04
$0.09
Q3 24
$-0.03
$0.26
Q2 24
$-0.14
$0.07
Q1 24
$-0.30
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVDL
AVDL
IMAX
IMAX
Cash + ST InvestmentsLiquidity on hand
$91.6M
$151.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$98.2M
$337.9M
Total Assets
$199.4M
$894.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVDL
AVDL
IMAX
IMAX
Q4 25
$151.2M
Q3 25
$91.6M
$143.1M
Q2 25
$81.5M
$109.3M
Q1 25
$66.5M
$97.1M
Q4 24
$73.8M
$100.6M
Q3 24
$65.8M
$104.5M
Q2 24
$71.4M
$91.6M
Q1 24
$88.8M
$81.0M
Stockholders' Equity
AVDL
AVDL
IMAX
IMAX
Q4 25
$337.9M
Q3 25
$98.2M
$349.5M
Q2 25
$90.7M
$320.4M
Q1 25
$74.1M
$299.5M
Q4 24
$73.8M
$299.5M
Q3 24
$74.7M
$289.4M
Q2 24
$70.3M
$267.2M
Q1 24
$78.4M
$258.8M
Total Assets
AVDL
AVDL
IMAX
IMAX
Q4 25
$894.0M
Q3 25
$199.4M
$889.6M
Q2 25
$187.2M
$868.6M
Q1 25
$167.9M
$848.3M
Q4 24
$164.2M
$830.4M
Q3 24
$158.3M
$847.6M
Q2 24
$157.5M
$827.4M
Q1 24
$167.9M
$824.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVDL
AVDL
IMAX
IMAX
Operating Cash FlowLast quarter
$22.2M
$29.4M
Free Cash FlowOCF − Capex
$22.2M
$28.0M
FCF MarginFCF / Revenue
28.7%
22.3%
Capex IntensityCapex / Revenue
0.0%
1.1%
Cash ConversionOCF / Net Profit
1110.25×
46.11×
TTM Free Cash FlowTrailing 4 quarters
$118.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVDL
AVDL
IMAX
IMAX
Q4 25
$29.4M
Q3 25
$22.2M
$67.5M
Q2 25
$12.7M
$23.2M
Q1 25
$-8.2M
$7.0M
Q4 24
$7.9M
$11.5M
Q3 24
$-6.9M
$35.3M
Q2 24
$-18.2M
$35.0M
Q1 24
$-29.7M
$-11.0M
Free Cash Flow
AVDL
AVDL
IMAX
IMAX
Q4 25
$28.0M
Q3 25
$22.2M
$64.8M
Q2 25
$20.9M
Q1 25
$5.3M
Q4 24
$6.9M
Q3 24
$34.2M
Q2 24
$33.5M
Q1 24
$-12.1M
FCF Margin
AVDL
AVDL
IMAX
IMAX
Q4 25
22.3%
Q3 25
28.7%
60.7%
Q2 25
22.8%
Q1 25
6.1%
Q4 24
7.4%
Q3 24
37.3%
Q2 24
37.6%
Q1 24
-15.3%
Capex Intensity
AVDL
AVDL
IMAX
IMAX
Q4 25
1.1%
Q3 25
0.0%
2.6%
Q2 25
2.6%
Q1 25
1.9%
Q4 24
5.0%
Q3 24
0.0%
1.2%
Q2 24
1.8%
Q1 24
1.4%
Cash Conversion
AVDL
AVDL
IMAX
IMAX
Q4 25
46.11×
Q3 25
1110.25×
3.27×
Q2 25
1.31×
2.06×
Q1 25
2.99×
Q4 24
2.16×
Q3 24
2.54×
Q2 24
9.78×
Q1 24
-3.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVDL
AVDL

Segment breakdown not available.

IMAX
IMAX

Technology Sales$46.6M37%
Image Enhancement And Maintenance Services$38.1M30%
Joint Revenue Sharing Arrangement$20.4M16%
Maintenance$16.3M13%
Finance Income$2.8M2%
Other Content Solutions$1.6M1%

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