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Side-by-side financial comparison of CITIZENS, INC. (CIA) 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 $72.1M, roughly 1.7× CITIZENS, INC.). CITIZENS, INC. runs the higher net margin — 10.2% vs 0.5%, a 9.7% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 13.5%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $17.5M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 11.7%).

Citizen Watch Co., Ltd. , also known as the Citizen Group, is an electronics company primarily known for its watches and is the core company of a Japanese global corporate group based in Nishitokyo, Tokyo, Japan. In addition to Citizen brand watches, it is the parent of American watch company Bulova. Beyond watches, Citizen also manufactures calculators, printers, health care devices, and precision CNC machining equipment.

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.

CIA vs IMAX — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.7× larger
IMAX
$125.2M
$72.1M
CIA
Growing faster (revenue YoY)
IMAX
IMAX
+21.6% gap
IMAX
35.1%
13.5%
CIA
Higher net margin
CIA
CIA
9.7% more per $
CIA
10.2%
0.5%
IMAX
More free cash flow
IMAX
IMAX
$10.4M more FCF
IMAX
$28.0M
$17.5M
CIA
Faster 2-yr revenue CAGR
IMAX
IMAX
Annualised
IMAX
25.8%
11.7%
CIA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CIA
CIA
IMAX
IMAX
Revenue
$72.1M
$125.2M
Net Profit
$7.3M
$637.0K
Gross Margin
57.6%
Operating Margin
10.9%
19.3%
Net Margin
10.2%
0.5%
Revenue YoY
13.5%
35.1%
Net Profit YoY
102.7%
-88.0%
EPS (diluted)
$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
CIA
CIA
IMAX
IMAX
Q4 25
$72.1M
$125.2M
Q3 25
$62.8M
$106.7M
Q2 25
$65.1M
$91.7M
Q1 25
$55.7M
$86.7M
Q4 24
$63.5M
$92.7M
Q3 24
$61.7M
$91.5M
Q2 24
$62.1M
$89.0M
Q1 24
$57.7M
$79.1M
Net Profit
CIA
CIA
IMAX
IMAX
Q4 25
$7.3M
$637.0K
Q3 25
$2.4M
$20.7M
Q2 25
$6.5M
$11.3M
Q1 25
$-1.6M
$2.3M
Q4 24
$3.6M
$5.3M
Q3 24
$2.8M
$13.9M
Q2 24
$4.0M
$3.6M
Q1 24
$4.5M
$3.3M
Gross Margin
CIA
CIA
IMAX
IMAX
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 24
59.3%
Operating Margin
CIA
CIA
IMAX
IMAX
Q4 25
10.9%
19.3%
Q3 25
7.1%
27.2%
Q2 25
10.6%
15.6%
Q1 25
-3.2%
19.3%
Q4 24
5.9%
10.3%
Q3 24
4.9%
21.2%
Q2 24
5.3%
3.2%
Q1 24
8.5%
15.3%
Net Margin
CIA
CIA
IMAX
IMAX
Q4 25
10.2%
0.5%
Q3 25
3.8%
19.4%
Q2 25
9.9%
12.3%
Q1 25
-2.9%
2.7%
Q4 24
5.7%
5.7%
Q3 24
4.5%
15.2%
Q2 24
6.4%
4.0%
Q1 24
7.9%
4.1%
EPS (diluted)
CIA
CIA
IMAX
IMAX
Q4 25
$0.02
Q3 25
$0.37
Q2 25
$0.20
Q1 25
$0.04
Q4 24
$0.09
Q3 24
$0.26
Q2 24
$0.07
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
CIA
CIA
IMAX
IMAX
Cash + ST InvestmentsLiquidity on hand
$23.0M
$151.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$235.0M
$337.9M
Total Assets
$1.8B
$894.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIA
CIA
IMAX
IMAX
Q4 25
$23.0M
$151.2M
Q3 25
$23.1M
$143.1M
Q2 25
$22.7M
$109.3M
Q1 25
$18.4M
$97.1M
Q4 24
$29.3M
$100.6M
Q3 24
$32.4M
$104.5M
Q2 24
$26.3M
$91.6M
Q1 24
$23.2M
$81.0M
Stockholders' Equity
CIA
CIA
IMAX
IMAX
Q4 25
$235.0M
$337.9M
Q3 25
$225.6M
$349.5M
Q2 25
$229.0M
$320.4M
Q1 25
$218.1M
$299.5M
Q4 24
$210.4M
$299.5M
Q3 24
$207.6M
$289.4M
Q2 24
$191.5M
$267.2M
Q1 24
$195.2M
$258.8M
Total Assets
CIA
CIA
IMAX
IMAX
Q4 25
$1.8B
$894.0M
Q3 25
$1.7B
$889.6M
Q2 25
$1.7B
$868.6M
Q1 25
$1.7B
$848.3M
Q4 24
$1.7B
$830.4M
Q3 24
$1.7B
$847.6M
Q2 24
$1.7B
$827.4M
Q1 24
$1.7B
$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
CIA
CIA
IMAX
IMAX
Operating Cash FlowLast quarter
$18.0M
$29.4M
Free Cash FlowOCF − Capex
$17.5M
$28.0M
FCF MarginFCF / Revenue
24.3%
22.3%
Capex IntensityCapex / Revenue
0.6%
1.1%
Cash ConversionOCF / Net Profit
2.45×
46.11×
TTM Free Cash FlowTrailing 4 quarters
$26.1M
$118.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIA
CIA
IMAX
IMAX
Q4 25
$18.0M
$29.4M
Q3 25
$4.7M
$67.5M
Q2 25
$3.5M
$23.2M
Q1 25
$748.0K
$7.0M
Q4 24
$31.9M
$11.5M
Q3 24
$9.7M
$35.3M
Q2 24
$4.6M
$35.0M
Q1 24
$6.8M
$-11.0M
Free Cash Flow
CIA
CIA
IMAX
IMAX
Q4 25
$17.5M
$28.0M
Q3 25
$4.6M
$64.8M
Q2 25
$3.3M
$20.9M
Q1 25
$641.0K
$5.3M
Q4 24
$31.3M
$6.9M
Q3 24
$9.3M
$34.2M
Q2 24
$4.5M
$33.5M
Q1 24
$6.7M
$-12.1M
FCF Margin
CIA
CIA
IMAX
IMAX
Q4 25
24.3%
22.3%
Q3 25
7.3%
60.7%
Q2 25
5.1%
22.8%
Q1 25
1.2%
6.1%
Q4 24
49.2%
7.4%
Q3 24
15.1%
37.3%
Q2 24
7.2%
37.6%
Q1 24
11.7%
-15.3%
Capex Intensity
CIA
CIA
IMAX
IMAX
Q4 25
0.6%
1.1%
Q3 25
0.1%
2.6%
Q2 25
0.3%
2.6%
Q1 25
0.2%
1.9%
Q4 24
1.0%
5.0%
Q3 24
0.6%
1.2%
Q2 24
0.2%
1.8%
Q1 24
0.1%
1.4%
Cash Conversion
CIA
CIA
IMAX
IMAX
Q4 25
2.45×
46.11×
Q3 25
1.93×
3.27×
Q2 25
0.54×
2.06×
Q1 25
2.99×
Q4 24
8.81×
2.16×
Q3 24
3.48×
2.54×
Q2 24
1.16×
9.78×
Q1 24
1.49×
-3.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CIA
CIA

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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