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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) 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 $63.5M, roughly 2.0× HORIZON BANCORP INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs 0.5%, a 41.9% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 19.5%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $28.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 9.2%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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.
HBNC vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $63.5M | $125.2M |
| Net Profit | $26.9M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | 51.5% | 19.3% |
| Net Margin | 42.4% | 0.5% |
| Revenue YoY | 19.5% | 35.1% |
| Net Profit YoY | 347.4% | -88.0% |
| EPS (diluted) | $0.44 | $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 | $63.5M | $125.2M | ||
| Q3 25 | $58.4M | $106.7M | ||
| Q2 25 | $66.3M | $91.7M | ||
| Q1 25 | $68.8M | $86.7M | ||
| Q4 24 | $53.1M | $92.7M | ||
| Q3 24 | $58.4M | $91.5M | ||
| Q2 24 | $55.8M | $89.0M | ||
| Q1 24 | $53.2M | $79.1M |
| Q4 25 | $26.9M | $637.0K | ||
| Q3 25 | $-222.0M | $20.7M | ||
| Q2 25 | $20.6M | $11.3M | ||
| Q1 25 | $23.9M | $2.3M | ||
| Q4 24 | $-10.9M | $5.3M | ||
| Q3 24 | $18.2M | $13.9M | ||
| Q2 24 | $14.1M | $3.6M | ||
| Q1 24 | $14.0M | $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 | 51.5% | 19.3% | ||
| Q3 25 | -490.4% | 27.2% | ||
| Q2 25 | 36.8% | 15.6% | ||
| Q1 25 | 40.8% | 19.3% | ||
| Q4 24 | -41.3% | 10.3% | ||
| Q3 24 | 31.0% | 21.2% | ||
| Q2 24 | 28.5% | 3.2% | ||
| Q1 24 | 28.8% | 15.3% |
| Q4 25 | 42.4% | 0.5% | ||
| Q3 25 | -380.2% | 19.4% | ||
| Q2 25 | 31.1% | 12.3% | ||
| Q1 25 | 34.8% | 2.7% | ||
| Q4 24 | -20.5% | 5.7% | ||
| Q3 24 | 31.1% | 15.2% | ||
| Q2 24 | 25.4% | 4.0% | ||
| Q1 24 | 26.3% | 4.1% |
| Q4 25 | $0.44 | $0.02 | ||
| Q3 25 | $-4.69 | $0.37 | ||
| Q2 25 | $0.47 | $0.20 | ||
| Q1 25 | $0.54 | $0.04 | ||
| Q4 24 | $-0.25 | $0.09 | ||
| Q3 24 | $0.41 | $0.26 | ||
| Q2 24 | $0.32 | $0.07 | ||
| Q1 24 | $0.32 | $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 | $139.5M | $151.2M |
| Total DebtLower is stronger | $248.6M | — |
| Stockholders' EquityBook value | $688.3M | $337.9M |
| Total Assets | $6.4B | $894.0M |
| Debt / EquityLower = less leverage | 0.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.5M | $151.2M | ||
| Q3 25 | $458.3M | $143.1M | ||
| Q2 25 | $137.9M | $109.3M | ||
| Q1 25 | $169.7M | $97.1M | ||
| Q4 24 | $293.4M | $100.6M | ||
| Q3 24 | $234.8M | $104.5M | ||
| Q2 24 | $146.1M | $91.6M | ||
| Q1 24 | — | $81.0M |
| Q4 25 | $248.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $688.3M | $337.9M | ||
| Q3 25 | $660.8M | $349.5M | ||
| Q2 25 | $790.9M | $320.4M | ||
| Q1 25 | $776.1M | $299.5M | ||
| Q4 24 | $763.6M | $299.5M | ||
| Q3 24 | $754.8M | $289.4M | ||
| Q2 24 | $726.7M | $267.2M | ||
| Q1 24 | $721.3M | $258.8M |
| Q4 25 | $6.4B | $894.0M | ||
| Q3 25 | $6.7B | $889.6M | ||
| Q2 25 | $7.7B | $868.6M | ||
| Q1 25 | $7.6B | $848.3M | ||
| Q4 24 | $7.8B | $830.4M | ||
| Q3 24 | $7.9B | $847.6M | ||
| Q2 24 | $7.9B | $827.4M | ||
| Q1 24 | $7.9B | $824.1M |
| Q4 25 | 0.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $79.2M | $29.4M |
| Free Cash FlowOCF − Capex | $74.3M | $28.0M |
| FCF MarginFCF / Revenue | 117.0% | 22.3% |
| Capex IntensityCapex / Revenue | 7.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.94× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $115.9M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.2M | $29.4M | ||
| Q3 25 | $10.9M | $67.5M | ||
| Q2 25 | $19.5M | $23.2M | ||
| Q1 25 | $15.2M | $7.0M | ||
| Q4 24 | $6.4M | $11.5M | ||
| Q3 24 | $32.3M | $35.3M | ||
| Q2 24 | $15.9M | $35.0M | ||
| Q1 24 | $6.5M | $-11.0M |
| Q4 25 | $74.3M | $28.0M | ||
| Q3 25 | $9.4M | $64.8M | ||
| Q2 25 | $18.1M | $20.9M | ||
| Q1 25 | $14.1M | $5.3M | ||
| Q4 24 | $1.3M | $6.9M | ||
| Q3 24 | $31.0M | $34.2M | ||
| Q2 24 | $15.1M | $33.5M | ||
| Q1 24 | $5.4M | $-12.1M |
| Q4 25 | 117.0% | 22.3% | ||
| Q3 25 | 16.1% | 60.7% | ||
| Q2 25 | 27.3% | 22.8% | ||
| Q1 25 | 20.5% | 6.1% | ||
| Q4 24 | 2.4% | 7.4% | ||
| Q3 24 | 53.1% | 37.3% | ||
| Q2 24 | 27.1% | 37.6% | ||
| Q1 24 | 10.1% | -15.3% |
| Q4 25 | 7.8% | 1.1% | ||
| Q3 25 | 2.6% | 2.6% | ||
| Q2 25 | 2.1% | 2.6% | ||
| Q1 25 | 1.6% | 1.9% | ||
| Q4 24 | 9.6% | 5.0% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 1.5% | 1.8% | ||
| Q1 24 | 2.2% | 1.4% |
| Q4 25 | 2.94× | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | 0.94× | 2.06× | ||
| Q1 25 | 0.64× | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 1.78× | 2.54× | ||
| Q2 24 | 1.13× | 9.78× | ||
| Q1 24 | 0.47× | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HBNC
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% |
