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Side-by-side financial comparison of Franklin BSP Realty Trust, Inc. (FBRT) 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 $81.1M, roughly 1.5× Franklin BSP Realty Trust, Inc.). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs 0.5%, a 22.2% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 25.8%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 22.6%).
Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.
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.
FBRT vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.1M | $125.2M |
| Net Profit | $18.4M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | — | 19.3% |
| Net Margin | 22.7% | 0.5% |
| Revenue YoY | 25.8% | 35.1% |
| Net Profit YoY | -39.1% | -88.0% |
| EPS (diluted) | $0.13 | $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 | $81.1M | $125.2M | ||
| Q3 25 | $89.5M | $106.7M | ||
| Q2 25 | $49.3M | $91.7M | ||
| Q1 25 | $50.1M | $86.7M | ||
| Q4 24 | $64.5M | $92.7M | ||
| Q3 24 | $54.0M | $91.5M | ||
| Q2 24 | $50.9M | $89.0M | ||
| Q1 24 | $54.0M | $79.1M |
| Q4 25 | $18.4M | $637.0K | ||
| Q3 25 | $17.3M | $20.7M | ||
| Q2 25 | $23.2M | $11.3M | ||
| Q1 25 | $24.1M | $2.3M | ||
| Q4 24 | $30.2M | $5.3M | ||
| Q3 24 | $31.6M | $13.9M | ||
| Q2 24 | $-2.2M | $3.6M | ||
| Q1 24 | $35.9M | $3.3M |
| 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% |
| 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 24 | — | 15.3% |
| Q4 25 | 22.7% | 0.5% | ||
| Q3 25 | 19.3% | 19.4% | ||
| Q2 25 | 47.1% | 12.3% | ||
| Q1 25 | 48.0% | 2.7% | ||
| Q4 24 | 46.8% | 5.7% | ||
| Q3 24 | 58.5% | 15.2% | ||
| Q2 24 | -4.3% | 4.0% | ||
| Q1 24 | 66.6% | 4.1% |
| Q4 25 | $0.13 | $0.02 | ||
| Q3 25 | $0.12 | $0.37 | ||
| Q2 25 | $0.19 | $0.20 | ||
| Q1 25 | $0.20 | $0.04 | ||
| Q4 24 | $0.28 | $0.09 | ||
| Q3 24 | $0.30 | $0.26 | ||
| Q2 24 | $-0.11 | $0.07 | ||
| Q1 24 | $0.35 | $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 | $167.3M | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $337.9M |
| Total Assets | $6.1B | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $151.2M | ||
| Q3 25 | $116.7M | $143.1M | ||
| Q2 25 | $414.1M | $109.3M | ||
| Q1 25 | $215.4M | $97.1M | ||
| Q4 24 | $184.4M | $100.6M | ||
| Q3 24 | $346.2M | $104.5M | ||
| Q2 24 | $94.8M | $91.6M | ||
| Q1 24 | $240.0M | $81.0M |
| Q4 25 | $1.4B | $337.9M | ||
| Q3 25 | $1.5B | $349.5M | ||
| Q2 25 | $1.5B | $320.4M | ||
| Q1 25 | $1.5B | $299.5M | ||
| Q4 24 | $1.5B | $299.5M | ||
| Q3 24 | $1.5B | $289.4M | ||
| Q2 24 | $1.5B | $267.2M | ||
| Q1 24 | $1.6B | $258.8M |
| Q4 25 | $6.1B | $894.0M | ||
| Q3 25 | $6.2B | $889.6M | ||
| Q2 25 | $5.6B | $868.6M | ||
| Q1 25 | $5.7B | $848.3M | ||
| Q4 24 | $6.0B | $830.4M | ||
| Q3 24 | $6.3B | $847.6M | ||
| Q2 24 | $6.3B | $827.4M | ||
| Q1 24 | $6.0B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $291.9M | $29.4M |
| Free Cash FlowOCF − Capex | — | $28.0M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 15.88× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $291.9M | $29.4M | ||
| Q3 25 | $-148.1M | $67.5M | ||
| Q2 25 | $11.8M | $23.2M | ||
| Q1 25 | $116.2M | $7.0M | ||
| Q4 24 | $57.2M | $11.5M | ||
| Q3 24 | $97.4M | $35.3M | ||
| Q2 24 | $1.9M | $35.0M | ||
| Q1 24 | $13.0M | $-11.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $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 |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 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% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 15.88× | 46.11× | ||
| Q3 25 | -8.56× | 3.27× | ||
| Q2 25 | 0.51× | 2.06× | ||
| Q1 25 | 4.83× | 2.99× | ||
| Q4 24 | 1.90× | 2.16× | ||
| Q3 24 | 3.08× | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | 0.36× | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBRT
| New Point Holdings JVLLC | $77.3M | 95% |
| Other | $2.1M | 3% |
| Office Building | $1.7M | 2% |
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% |
