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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) 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 $121.4M, roughly 1.0× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 0.5%, a 37.7% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 11.7%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 7.1%).
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
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.
BNL vs IMAX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $125.2M |
| Net Profit | $46.4M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | 52.2% | 19.3% |
| Net Margin | 38.2% | 0.5% |
| Revenue YoY | 11.7% | 35.1% |
| Net Profit YoY | — | -88.0% |
| EPS (diluted) | $0.24 | $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.
| Q1 26 | $121.4M | — | ||
| Q4 25 | $118.3M | $125.2M | ||
| Q3 25 | $114.2M | $106.7M | ||
| Q2 25 | $113.0M | $91.7M | ||
| Q1 25 | $108.7M | $86.7M | ||
| Q4 24 | $112.1M | $92.7M | ||
| Q3 24 | $108.4M | $91.5M | ||
| Q2 24 | $105.9M | $89.0M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $637.0K | ||
| Q3 25 | $26.5M | $20.7M | ||
| Q2 25 | $20.2M | $11.3M | ||
| Q1 25 | $16.7M | $2.3M | ||
| Q4 24 | $26.4M | $5.3M | ||
| Q3 24 | $35.6M | $13.9M | ||
| Q2 24 | $35.3M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 3.2% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 0.5% | ||
| Q3 25 | 23.2% | 19.4% | ||
| Q2 25 | 17.8% | 12.3% | ||
| Q1 25 | 15.4% | 2.7% | ||
| Q4 24 | 23.5% | 5.7% | ||
| Q3 24 | 32.8% | 15.2% | ||
| Q2 24 | 33.4% | 4.0% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $0.02 | ||
| Q3 25 | $0.14 | $0.37 | ||
| Q2 25 | $0.10 | $0.20 | ||
| Q1 25 | $0.09 | $0.04 | ||
| Q4 24 | $0.13 | $0.09 | ||
| Q3 24 | $0.19 | $0.26 | ||
| Q2 24 | $0.19 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $20.3M | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $337.9M |
| Total Assets | $5.8B | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $151.2M | ||
| Q3 25 | $82.0M | $143.1M | ||
| Q2 25 | $20.8M | $109.3M | ||
| Q1 25 | $9.6M | $97.1M | ||
| Q4 24 | $14.8M | $100.6M | ||
| Q3 24 | $9.0M | $104.5M | ||
| Q2 24 | $18.3M | $91.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $337.9M | ||
| Q3 25 | $2.9B | $349.5M | ||
| Q2 25 | $2.9B | $320.4M | ||
| Q1 25 | $2.9B | $299.5M | ||
| Q4 24 | $3.0B | $299.5M | ||
| Q3 24 | $3.0B | $289.4M | ||
| Q2 24 | $3.1B | $267.2M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $894.0M | ||
| Q3 25 | $5.5B | $889.6M | ||
| Q2 25 | $5.3B | $868.6M | ||
| Q1 25 | $5.2B | $848.3M | ||
| Q4 24 | $5.2B | $830.4M | ||
| Q3 24 | $5.3B | $847.6M | ||
| Q2 24 | $5.3B | $827.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.62× | — |
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 | — | $29.4M |
| Free Cash FlowOCF − Capex | — | $28.0M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $29.4M | ||
| Q3 25 | $64.2M | $67.5M | ||
| Q2 25 | $79.3M | $23.2M | ||
| Q1 25 | $71.5M | $7.0M | ||
| Q4 24 | $276.3M | $11.5M | ||
| Q3 24 | $67.3M | $35.3M | ||
| Q2 24 | $74.2M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $28.0M | ||
| Q3 25 | $58.0M | $64.8M | ||
| Q2 25 | $76.7M | $20.9M | ||
| Q1 25 | $57.1M | $5.3M | ||
| Q4 24 | $259.5M | $6.9M | ||
| Q3 24 | $60.3M | $34.2M | ||
| Q2 24 | $74.0M | $33.5M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 22.3% | ||
| Q3 25 | 50.8% | 60.7% | ||
| Q2 25 | 67.9% | 22.8% | ||
| Q1 25 | 52.5% | 6.1% | ||
| Q4 24 | 231.4% | 7.4% | ||
| Q3 24 | 55.6% | 37.3% | ||
| Q2 24 | 69.9% | 37.6% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 1.1% | ||
| Q3 25 | 5.4% | 2.6% | ||
| Q2 25 | 2.3% | 2.6% | ||
| Q1 25 | 13.2% | 1.9% | ||
| Q4 24 | 15.0% | 5.0% | ||
| Q3 24 | 6.5% | 1.2% | ||
| Q2 24 | 0.2% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 46.11× | ||
| Q3 25 | 2.43× | 3.27× | ||
| Q2 25 | 3.93× | 2.06× | ||
| Q1 25 | 4.27× | 2.99× | ||
| Q4 24 | 10.47× | 2.16× | ||
| Q3 24 | 1.89× | 2.54× | ||
| Q2 24 | 2.10× | 9.78× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
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% |
