vs
Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) 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 $114.8M, roughly 1.1× HA Sustainable Infrastructure Capital, Inc.). IMAX CORP runs the higher net margin — 0.5% vs -46.8%, a 47.3% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 13.3%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 4.2%).
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
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.
HASI vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $125.2M |
| Net Profit | $-53.8M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | -57.4% | 19.3% |
| Net Margin | -46.8% | 0.5% |
| Revenue YoY | 13.3% | 35.1% |
| Net Profit YoY | -176.7% | -88.0% |
| EPS (diluted) | $-0.38 | $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 | $114.8M | $125.2M | ||
| Q3 25 | $103.1M | $106.7M | ||
| Q2 25 | $85.7M | $91.7M | ||
| Q1 25 | $96.9M | $86.7M | ||
| Q4 24 | $101.3M | $92.7M | ||
| Q3 24 | $82.0M | $91.5M | ||
| Q2 24 | $94.5M | $89.0M | ||
| Q1 24 | $105.8M | $79.1M |
| Q4 25 | $-53.8M | $637.0K | ||
| Q3 25 | $83.3M | $20.7M | ||
| Q2 25 | $98.4M | $11.3M | ||
| Q1 25 | $56.6M | $2.3M | ||
| Q4 24 | $70.1M | $5.3M | ||
| Q3 24 | $-19.6M | $13.9M | ||
| Q2 24 | $26.5M | $3.6M | ||
| Q1 24 | $123.0M | $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 | -57.4% | 19.3% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | 84.7% | 19.3% | ||
| Q4 24 | 90.9% | 10.3% | ||
| Q3 24 | -32.1% | 21.2% | ||
| Q2 24 | 39.5% | 3.2% | ||
| Q1 24 | — | 15.3% |
| Q4 25 | -46.8% | 0.5% | ||
| Q3 25 | 80.8% | 19.4% | ||
| Q2 25 | 114.9% | 12.3% | ||
| Q1 25 | 58.4% | 2.7% | ||
| Q4 24 | 69.2% | 5.7% | ||
| Q3 24 | -23.9% | 15.2% | ||
| Q2 24 | 28.1% | 4.0% | ||
| Q1 24 | 116.3% | 4.1% |
| Q4 25 | $-0.38 | $0.02 | ||
| Q3 25 | $0.61 | $0.37 | ||
| Q2 25 | $0.74 | $0.20 | ||
| Q1 25 | $0.44 | $0.04 | ||
| Q4 24 | $0.58 | $0.09 | ||
| Q3 24 | $-0.17 | $0.26 | ||
| Q2 24 | $0.23 | $0.07 | ||
| Q1 24 | $0.98 | $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 | $110.2M | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $337.9M |
| Total Assets | $8.2B | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $151.2M | ||
| Q3 25 | $301.8M | $143.1M | ||
| Q2 25 | $86.5M | $109.3M | ||
| Q1 25 | $67.4M | $97.1M | ||
| Q4 24 | $129.8M | $100.6M | ||
| Q3 24 | $44.1M | $104.5M | ||
| Q2 24 | $145.7M | $91.6M | ||
| Q1 24 | $61.4M | $81.0M |
| Q4 25 | $2.7B | $337.9M | ||
| Q3 25 | $2.7B | $349.5M | ||
| Q2 25 | $2.6B | $320.4M | ||
| Q1 25 | $2.5B | $299.5M | ||
| Q4 24 | $2.4B | $299.5M | ||
| Q3 24 | $2.3B | $289.4M | ||
| Q2 24 | $2.3B | $267.2M | ||
| Q1 24 | $2.3B | $258.8M |
| Q4 25 | $8.2B | $894.0M | ||
| Q3 25 | $8.2B | $889.6M | ||
| Q2 25 | $7.6B | $868.6M | ||
| Q1 25 | $7.5B | $848.3M | ||
| Q4 24 | $7.1B | $830.4M | ||
| Q3 24 | $6.7B | $847.6M | ||
| Q2 24 | $6.7B | $827.4M | ||
| Q1 24 | $6.7B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $167.3M | $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.
| Q4 25 | $167.3M | $29.4M | ||
| Q3 25 | $-121.8M | $67.5M | ||
| Q2 25 | $79.6M | $23.2M | ||
| Q1 25 | $-37.1M | $7.0M | ||
| Q4 24 | $5.9M | $11.5M | ||
| Q3 24 | $21.9M | $35.3M | ||
| Q2 24 | $-24.8M | $35.0M | ||
| Q1 24 | $20.9M | $-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 | — | 46.11× | ||
| Q3 25 | -1.46× | 3.27× | ||
| Q2 25 | 0.81× | 2.06× | ||
| Q1 25 | -0.66× | 2.99× | ||
| Q4 24 | 0.08× | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | -0.94× | 9.78× | ||
| Q1 24 | 0.17× | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
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% |
