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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and IMAX CORP (IMAX). Click either name above to swap in a different company.
AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $125.2M, roughly 1.3× IMAX CORP). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 0.5%, a 17.0% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 14.8%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-36.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 10.2%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
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.
AWR vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $125.2M |
| Net Profit | $28.7M | $637.0K |
| Gross Margin | 88.9% | 57.6% |
| Operating Margin | 27.4% | 19.3% |
| Net Margin | 17.5% | 0.5% |
| Revenue YoY | 14.8% | 35.1% |
| Net Profit YoY | 1.1% | -88.0% |
| EPS (diluted) | $0.74 | $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.
| Q4 25 | $164.3M | $125.2M | ||
| Q3 25 | $182.7M | $106.7M | ||
| Q2 25 | $163.1M | $91.7M | ||
| Q1 25 | $148.0M | $86.7M | ||
| Q4 24 | $143.1M | $92.7M | ||
| Q3 24 | $161.8M | $91.5M | ||
| Q2 24 | $155.3M | $89.0M | ||
| Q1 24 | $135.3M | $79.1M |
| Q4 25 | $28.7M | $637.0K | ||
| Q3 25 | $41.2M | $20.7M | ||
| Q2 25 | $33.7M | $11.3M | ||
| Q1 25 | $26.8M | $2.3M | ||
| Q4 24 | $28.4M | $5.3M | ||
| Q3 24 | $35.8M | $13.9M | ||
| Q2 24 | $31.9M | $3.6M | ||
| Q1 24 | $23.1M | $3.3M |
| Q4 25 | 88.9% | 57.6% | ||
| Q3 25 | 91.0% | 63.1% | ||
| Q2 25 | 92.1% | 58.5% | ||
| Q1 25 | 91.3% | 61.4% | ||
| Q4 24 | 92.4% | 52.2% | ||
| Q3 24 | 92.7% | 55.8% | ||
| Q2 24 | 89.6% | 49.4% | ||
| Q1 24 | 88.4% | 59.3% |
| Q4 25 | 27.4% | 19.3% | ||
| Q3 25 | 33.8% | 27.2% | ||
| Q2 25 | 31.3% | 15.6% | ||
| Q1 25 | 30.8% | 19.3% | ||
| Q4 24 | 27.0% | 10.3% | ||
| Q3 24 | 34.0% | 21.2% | ||
| Q2 24 | 33.3% | 3.2% | ||
| Q1 24 | 28.8% | 15.3% |
| Q4 25 | 17.5% | 0.5% | ||
| Q3 25 | 22.5% | 19.4% | ||
| Q2 25 | 20.7% | 12.3% | ||
| Q1 25 | 18.1% | 2.7% | ||
| Q4 24 | 19.9% | 5.7% | ||
| Q3 24 | 22.1% | 15.2% | ||
| Q2 24 | 20.5% | 4.0% | ||
| Q1 24 | 17.1% | 4.1% |
| Q4 25 | $0.74 | $0.02 | ||
| Q3 25 | $1.06 | $0.37 | ||
| Q2 25 | $0.87 | $0.20 | ||
| Q1 25 | $0.70 | $0.04 | ||
| Q4 24 | $0.75 | $0.09 | ||
| Q3 24 | $0.95 | $0.26 | ||
| Q2 24 | $0.85 | $0.07 | ||
| Q1 24 | $0.62 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.8M | $151.2M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $337.9M |
| Total Assets | $2.7B | $894.0M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $151.2M | ||
| Q3 25 | $26.1M | $143.1M | ||
| Q2 25 | $20.2M | $109.3M | ||
| Q1 25 | $21.2M | $97.1M | ||
| Q4 24 | $26.7M | $100.6M | ||
| Q3 24 | $16.5M | $104.5M | ||
| Q2 24 | $3.6M | $91.6M | ||
| Q1 24 | $17.0M | $81.0M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $337.9M | ||
| Q3 25 | $1.0B | $349.5M | ||
| Q2 25 | $972.5M | $320.4M | ||
| Q1 25 | $956.4M | $299.5M | ||
| Q4 24 | $920.1M | $299.5M | ||
| Q3 24 | $879.5M | $289.4M | ||
| Q2 24 | $833.5M | $267.2M | ||
| Q1 24 | $800.5M | $258.8M |
| Q4 25 | $2.7B | $894.0M | ||
| Q3 25 | $2.7B | $889.6M | ||
| Q2 25 | $2.6B | $868.6M | ||
| Q1 25 | $2.5B | $848.3M | ||
| Q4 24 | $2.5B | $830.4M | ||
| Q3 24 | $2.4B | $847.6M | ||
| Q2 24 | $2.3B | $827.4M | ||
| Q1 24 | $2.3B | $824.1M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $29.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $28.0M |
| FCF MarginFCF / Revenue | -21.9% | 22.3% |
| Capex IntensityCapex / Revenue | 38.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.96× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $29.4M | ||
| Q3 25 | $92.4M | $67.5M | ||
| Q2 25 | $64.6M | $23.2M | ||
| Q1 25 | $45.1M | $7.0M | ||
| Q4 24 | $64.5M | $11.5M | ||
| Q3 24 | $63.7M | $35.3M | ||
| Q2 24 | $24.7M | $35.0M | ||
| Q1 24 | $45.8M | $-11.0M |
| Q4 25 | $-36.0M | $28.0M | ||
| Q3 25 | $37.7M | $64.8M | ||
| Q2 25 | $13.7M | $20.9M | ||
| Q1 25 | $-22.5M | $5.3M | ||
| Q4 24 | $6.0M | $6.9M | ||
| Q3 24 | $-478.0K | $34.2M | ||
| Q2 24 | $-37.0M | $33.5M | ||
| Q1 24 | $-1.7M | $-12.1M |
| Q4 25 | -21.9% | 22.3% | ||
| Q3 25 | 20.7% | 60.7% | ||
| Q2 25 | 8.4% | 22.8% | ||
| Q1 25 | -15.2% | 6.1% | ||
| Q4 24 | 4.2% | 7.4% | ||
| Q3 24 | -0.3% | 37.3% | ||
| Q2 24 | -23.8% | 37.6% | ||
| Q1 24 | -1.3% | -15.3% |
| Q4 25 | 38.8% | 1.1% | ||
| Q3 25 | 29.9% | 2.6% | ||
| Q2 25 | 31.2% | 2.6% | ||
| Q1 25 | 45.6% | 1.9% | ||
| Q4 24 | 40.9% | 5.0% | ||
| Q3 24 | 39.7% | 1.2% | ||
| Q2 24 | 39.8% | 1.8% | ||
| Q1 24 | 35.2% | 1.4% |
| Q4 25 | 0.96× | 46.11× | ||
| Q3 25 | 2.24× | 3.27× | ||
| Q2 25 | 1.92× | 2.06× | ||
| Q1 25 | 1.68× | 2.99× | ||
| Q4 24 | 2.27× | 2.16× | ||
| Q3 24 | 1.78× | 2.54× | ||
| Q2 24 | 0.78× | 9.78× | ||
| Q1 24 | 1.98× | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
