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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and IMAX CORP (IMAX). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $125.2M, roughly 1.9× IMAX CORP). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 0.5%, a 3.9% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 20.3%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $22.7M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 5.1%).
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.
CSW vs IMAX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $125.2M |
| Net Profit | $10.3M | $637.0K |
| Gross Margin | 39.7% | 57.6% |
| Operating Margin | 7.4% | 19.3% |
| Net Margin | 4.4% | 0.5% |
| Revenue YoY | 20.3% | 35.1% |
| Net Profit YoY | -61.9% | -88.0% |
| EPS (diluted) | $0.62 | $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 | $233.0M | $125.2M | ||
| Q3 25 | $277.0M | $106.7M | ||
| Q2 25 | $263.6M | $91.7M | ||
| Q1 25 | $230.5M | $86.7M | ||
| Q4 24 | $193.6M | $92.7M | ||
| Q3 24 | $227.9M | $91.5M | ||
| Q2 24 | $226.2M | $89.0M | ||
| Q1 24 | $210.9M | $79.1M |
| Q4 25 | $10.3M | $637.0K | ||
| Q3 25 | $40.7M | $20.7M | ||
| Q2 25 | $40.9M | $11.3M | ||
| Q1 25 | $35.1M | $2.3M | ||
| Q4 24 | $26.9M | $5.3M | ||
| Q3 24 | $36.1M | $13.9M | ||
| Q2 24 | $38.6M | $3.6M | ||
| Q1 24 | $31.8M | $3.3M |
| Q4 25 | 39.7% | 57.6% | ||
| Q3 25 | 43.0% | 63.1% | ||
| Q2 25 | 43.8% | 58.5% | ||
| Q1 25 | 44.2% | 61.4% | ||
| Q4 24 | 41.4% | 52.2% | ||
| Q3 24 | 45.6% | 55.8% | ||
| Q2 24 | 47.5% | 49.4% | ||
| Q1 24 | 44.4% | 59.3% |
| Q4 25 | 7.4% | 19.3% | ||
| Q3 25 | 20.5% | 27.2% | ||
| Q2 25 | 20.8% | 15.6% | ||
| Q1 25 | 19.5% | 19.3% | ||
| Q4 24 | 15.3% | 10.3% | ||
| Q3 24 | 22.6% | 21.2% | ||
| Q2 24 | 24.3% | 3.2% | ||
| Q1 24 | 21.0% | 15.3% |
| Q4 25 | 4.4% | 0.5% | ||
| Q3 25 | 14.7% | 19.4% | ||
| Q2 25 | 15.5% | 12.3% | ||
| Q1 25 | 15.2% | 2.7% | ||
| Q4 24 | 13.9% | 5.7% | ||
| Q3 24 | 15.8% | 15.2% | ||
| Q2 24 | 17.1% | 4.0% | ||
| Q1 24 | 15.1% | 4.1% |
| Q4 25 | $0.62 | $0.02 | ||
| Q3 25 | $2.41 | $0.37 | ||
| Q2 25 | $2.43 | $0.20 | ||
| Q1 25 | $2.05 | $0.04 | ||
| Q4 24 | $1.60 | $0.09 | ||
| Q3 24 | $2.26 | $0.26 | ||
| Q2 24 | $2.47 | $0.07 | ||
| Q1 24 | $2.03 | $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 | $40.2M | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $337.9M |
| Total Assets | $2.3B | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $151.2M | ||
| Q3 25 | $31.5M | $143.1M | ||
| Q2 25 | $38.0M | $109.3M | ||
| Q1 25 | $225.8M | $97.1M | ||
| Q4 24 | $213.8M | $100.6M | ||
| Q3 24 | $273.2M | $104.5M | ||
| Q2 24 | $18.9M | $91.6M | ||
| Q1 24 | $22.2M | $81.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $337.9M | ||
| Q3 25 | $1.1B | $349.5M | ||
| Q2 25 | $1.1B | $320.4M | ||
| Q1 25 | $1.1B | $299.5M | ||
| Q4 24 | $1.0B | $299.5M | ||
| Q3 24 | $1.0B | $289.4M | ||
| Q2 24 | $650.2M | $267.2M | ||
| Q1 24 | $615.7M | $258.8M |
| Q4 25 | $2.3B | $894.0M | ||
| Q3 25 | $1.5B | $889.6M | ||
| Q2 25 | $1.5B | $868.6M | ||
| Q1 25 | $1.4B | $848.3M | ||
| Q4 24 | $1.4B | $830.4M | ||
| Q3 24 | $1.4B | $847.6M | ||
| Q2 24 | $1.1B | $827.4M | ||
| Q1 24 | $1.0B | $824.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | $29.4M |
| Free Cash FlowOCF − Capex | $22.7M | $28.0M |
| FCF MarginFCF / Revenue | 9.8% | 22.3% |
| Capex IntensityCapex / Revenue | 2.6% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.81× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $29.4M | ||
| Q3 25 | $61.8M | $67.5M | ||
| Q2 25 | $60.6M | $23.2M | ||
| Q1 25 | $27.3M | $7.0M | ||
| Q4 24 | $11.6M | $11.5M | ||
| Q3 24 | $66.8M | $35.3M | ||
| Q2 24 | $62.7M | $35.0M | ||
| Q1 24 | $22.4M | $-11.0M |
| Q4 25 | $22.7M | $28.0M | ||
| Q3 25 | $58.7M | $64.8M | ||
| Q2 25 | $57.7M | $20.9M | ||
| Q1 25 | $22.8M | $5.3M | ||
| Q4 24 | $8.5M | $6.9M | ||
| Q3 24 | $61.3M | $34.2M | ||
| Q2 24 | $59.6M | $33.5M | ||
| Q1 24 | $17.5M | $-12.1M |
| Q4 25 | 9.8% | 22.3% | ||
| Q3 25 | 21.2% | 60.7% | ||
| Q2 25 | 21.9% | 22.8% | ||
| Q1 25 | 9.9% | 6.1% | ||
| Q4 24 | 4.4% | 7.4% | ||
| Q3 24 | 26.9% | 37.3% | ||
| Q2 24 | 26.3% | 37.6% | ||
| Q1 24 | 8.3% | -15.3% |
| Q4 25 | 2.6% | 1.1% | ||
| Q3 25 | 1.1% | 2.6% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | 2.0% | 1.9% | ||
| Q4 24 | 1.6% | 5.0% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 2.3% | 1.4% |
| Q4 25 | 2.81× | 46.11× | ||
| Q3 25 | 1.52× | 3.27× | ||
| Q2 25 | 1.48× | 2.06× | ||
| Q1 25 | 0.78× | 2.99× | ||
| Q4 24 | 0.43× | 2.16× | ||
| Q3 24 | 1.85× | 2.54× | ||
| Q2 24 | 1.62× | 9.78× | ||
| Q1 24 | 0.71× | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
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% |
