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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and IMAX CORP (IMAX). Click either name above to swap in a different company.
FORUM ENERGY TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($208.7M vs $125.2M, roughly 1.7× IMAX CORP). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 2.2% vs 0.5%, a 1.6% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 3.2%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $1.4M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 0.8%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
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.
FET vs IMAX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $125.2M |
| Net Profit | $4.5M | $637.0K |
| Gross Margin | 29.2% | 57.6% |
| Operating Margin | 5.3% | 19.3% |
| Net Margin | 2.2% | 0.5% |
| Revenue YoY | 3.2% | 35.1% |
| Net Profit YoY | 300.4% | -88.0% |
| EPS (diluted) | $0.39 | $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 | $208.7M | — | ||
| Q4 25 | $202.2M | $125.2M | ||
| Q3 25 | $196.2M | $106.7M | ||
| Q2 25 | $199.8M | $91.7M | ||
| Q1 25 | $193.3M | $86.7M | ||
| Q4 24 | $201.0M | $92.7M | ||
| Q3 24 | $207.8M | $91.5M | ||
| Q2 24 | $205.2M | $89.0M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $637.0K | ||
| Q3 25 | $-20.6M | $20.7M | ||
| Q2 25 | $7.7M | $11.3M | ||
| Q1 25 | $1.1M | $2.3M | ||
| Q4 24 | $-103.5M | $5.3M | ||
| Q3 24 | $-14.8M | $13.9M | ||
| Q2 24 | $-6.7M | $3.6M |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 30.2% | 57.6% | ||
| Q3 25 | 20.5% | 63.1% | ||
| Q2 25 | 29.7% | 58.5% | ||
| Q1 25 | 30.2% | 61.4% | ||
| Q4 24 | 31.1% | 52.2% | ||
| Q3 24 | 31.6% | 55.8% | ||
| Q2 24 | 30.7% | 49.4% |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | 19.3% | ||
| Q3 25 | -3.1% | 27.2% | ||
| Q2 25 | 7.4% | 15.6% | ||
| Q1 25 | 4.6% | 19.3% | ||
| Q4 24 | -53.1% | 10.3% | ||
| Q3 24 | 4.3% | 21.2% | ||
| Q2 24 | 3.9% | 3.2% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | 0.5% | ||
| Q3 25 | -10.5% | 19.4% | ||
| Q2 25 | 3.9% | 12.3% | ||
| Q1 25 | 0.6% | 2.7% | ||
| Q4 24 | -51.5% | 5.7% | ||
| Q3 24 | -7.1% | 15.2% | ||
| Q2 24 | -3.3% | 4.0% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $0.02 | ||
| Q3 25 | $-1.76 | $0.37 | ||
| Q2 25 | $0.61 | $0.20 | ||
| Q1 25 | $0.09 | $0.04 | ||
| Q4 24 | $-8.41 | $0.09 | ||
| Q3 24 | $-1.20 | $0.26 | ||
| Q2 24 | $-0.54 | $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 | $37.5M | $151.2M |
| Total DebtLower is stronger | $153.7M | — |
| Stockholders' EquityBook value | $280.7M | $337.9M |
| Total Assets | $763.1M | $894.0M |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $151.2M | ||
| Q3 25 | $31.7M | $143.1M | ||
| Q2 25 | $39.0M | $109.3M | ||
| Q1 25 | $31.1M | $97.1M | ||
| Q4 24 | $44.7M | $100.6M | ||
| Q3 24 | $33.3M | $104.5M | ||
| Q2 24 | $31.8M | $91.6M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | — | ||
| Q3 25 | $140.0M | — | ||
| Q2 25 | $159.3M | — | ||
| Q1 25 | $171.4M | — | ||
| Q4 24 | $188.4M | — | ||
| Q3 24 | $231.5M | — | ||
| Q2 24 | $252.9M | — |
| Q1 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $337.9M | ||
| Q3 25 | $297.3M | $349.5M | ||
| Q2 25 | $334.2M | $320.4M | ||
| Q1 25 | $320.0M | $299.5M | ||
| Q4 24 | $319.9M | $299.5M | ||
| Q3 24 | $443.5M | $289.4M | ||
| Q2 24 | $442.0M | $267.2M |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $894.0M | ||
| Q3 25 | $770.1M | $889.6M | ||
| Q2 25 | $810.1M | $868.6M | ||
| Q1 25 | $790.1M | $848.3M | ||
| Q4 24 | $816.0M | $830.4M | ||
| Q3 24 | $973.7M | $847.6M | ||
| Q2 24 | $976.8M | $827.4M |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.54× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.57× | — |
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 | $1.6M | $29.4M |
| Free Cash FlowOCF − Capex | $1.4M | $28.0M |
| FCF MarginFCF / Revenue | 0.7% | 22.3% |
| Capex IntensityCapex / Revenue | 0.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.36× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $29.4M | ||
| Q3 25 | $22.9M | $67.5M | ||
| Q2 25 | $15.8M | $23.2M | ||
| Q1 25 | $9.3M | $7.0M | ||
| Q4 24 | $38.5M | $11.5M | ||
| Q3 24 | $25.6M | $35.3M | ||
| Q2 24 | $23.1M | $35.0M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $28.0M | ||
| Q3 25 | $21.5M | $64.8M | ||
| Q2 25 | $14.8M | $20.9M | ||
| Q1 25 | $7.2M | $5.3M | ||
| Q4 24 | $36.1M | $6.9M | ||
| Q3 24 | $24.3M | $34.2M | ||
| Q2 24 | $21.6M | $33.5M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | 22.3% | ||
| Q3 25 | 10.9% | 60.7% | ||
| Q2 25 | 7.4% | 22.8% | ||
| Q1 25 | 3.7% | 6.1% | ||
| Q4 24 | 18.0% | 7.4% | ||
| Q3 24 | 11.7% | 37.3% | ||
| Q2 24 | 10.5% | 37.6% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 1.1% | ||
| Q3 25 | 0.7% | 2.6% | ||
| Q2 25 | 0.5% | 2.6% | ||
| Q1 25 | 1.1% | 1.9% | ||
| Q4 24 | 1.2% | 5.0% | ||
| Q3 24 | 0.6% | 1.2% | ||
| Q2 24 | 0.7% | 1.8% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | 2.05× | 2.06× | ||
| Q1 25 | 8.31× | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FET
| Drilling and Completions | $126.7M | 61% |
| Downhole | $50.6M | 24% |
| Production Equipment | $18.8M | 9% |
| Valve Solutions | $12.8M | 6% |
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% |
