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Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and IMAX CORP (IMAX). Click either name above to swap in a different company.
ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($223.6M vs $125.2M, roughly 1.8× IMAX CORP). IMAX CORP runs the higher net margin — 0.5% vs -7.1%, a 7.6% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -4.2%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $5.9M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 5.4%).
Ichor Holdings Ltd. designs, manufactures and supplies critical fluid delivery systems, subsystems and related components for the global semiconductor manufacturing sector. Its products are integrated into front-end wafer processing equipment, supporting production of advanced logic, memory and specialty chips for leading semiconductor device and equipment makers across North America, East Asia and Europe.
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.
ICHR vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $223.6M | $125.2M |
| Net Profit | $-16.0M | $637.0K |
| Gross Margin | 9.4% | 57.6% |
| Operating Margin | -6.2% | 19.3% |
| Net Margin | -7.1% | 0.5% |
| Revenue YoY | -4.2% | 35.1% |
| Net Profit YoY | -304.8% | -88.0% |
| EPS (diluted) | $-0.46 | $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 | $223.6M | $125.2M | ||
| Q3 25 | $239.3M | $106.7M | ||
| Q2 25 | $240.3M | $91.7M | ||
| Q1 25 | $244.5M | $86.7M | ||
| Q4 24 | $233.3M | $92.7M | ||
| Q3 24 | $211.1M | $91.5M | ||
| Q2 24 | $203.2M | $89.0M | ||
| Q1 24 | $201.4M | $79.1M |
| Q4 25 | $-16.0M | $637.0K | ||
| Q3 25 | $-22.9M | $20.7M | ||
| Q2 25 | $-9.4M | $11.3M | ||
| Q1 25 | $-4.6M | $2.3M | ||
| Q4 24 | $-3.9M | $5.3M | ||
| Q3 24 | $-2.8M | $13.9M | ||
| Q2 24 | $-5.1M | $3.6M | ||
| Q1 24 | $-9.0M | $3.3M |
| Q4 25 | 9.4% | 57.6% | ||
| Q3 25 | 4.6% | 63.1% | ||
| Q2 25 | 11.3% | 58.5% | ||
| Q1 25 | 11.7% | 61.4% | ||
| Q4 24 | 11.6% | 52.2% | ||
| Q3 24 | 13.2% | 55.8% | ||
| Q2 24 | 12.6% | 49.4% | ||
| Q1 24 | 11.4% | 59.3% |
| Q4 25 | -6.2% | 19.3% | ||
| Q3 25 | -8.1% | 27.2% | ||
| Q2 25 | -2.0% | 15.6% | ||
| Q1 25 | -0.5% | 19.3% | ||
| Q4 24 | -0.5% | 10.3% | ||
| Q3 24 | -0.2% | 21.2% | ||
| Q2 24 | -1.1% | 3.2% | ||
| Q1 24 | -1.9% | 15.3% |
| Q4 25 | -7.1% | 0.5% | ||
| Q3 25 | -9.6% | 19.4% | ||
| Q2 25 | -3.9% | 12.3% | ||
| Q1 25 | -1.9% | 2.7% | ||
| Q4 24 | -1.7% | 5.7% | ||
| Q3 24 | -1.3% | 15.2% | ||
| Q2 24 | -2.5% | 4.0% | ||
| Q1 24 | -4.5% | 4.1% |
| Q4 25 | $-0.46 | $0.02 | ||
| Q3 25 | $-0.67 | $0.37 | ||
| Q2 25 | $-0.28 | $0.20 | ||
| Q1 25 | $-0.13 | $0.04 | ||
| Q4 24 | $-0.11 | $0.09 | ||
| Q3 24 | $-0.08 | $0.26 | ||
| Q2 24 | $-0.15 | $0.07 | ||
| Q1 24 | $-0.30 | $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 | $98.3M | $151.2M |
| Total DebtLower is stronger | $123.5M | — |
| Stockholders' EquityBook value | $663.9M | $337.9M |
| Total Assets | $942.9M | $894.0M |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $151.2M | ||
| Q3 25 | $92.5M | $143.1M | ||
| Q2 25 | $92.2M | $109.3M | ||
| Q1 25 | $109.3M | $97.1M | ||
| Q4 24 | $108.7M | $100.6M | ||
| Q3 24 | $116.4M | $104.5M | ||
| Q2 24 | $114.3M | $91.6M | ||
| Q1 24 | $102.1M | $81.0M |
| Q4 25 | $123.5M | — | ||
| Q3 25 | $123.5M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $126.8M | — | ||
| Q4 24 | $128.5M | — | ||
| Q3 24 | $130.3M | — | ||
| Q2 24 | $130.2M | — | ||
| Q1 24 | $131.9M | — |
| Q4 25 | $663.9M | $337.9M | ||
| Q3 25 | $676.2M | $349.5M | ||
| Q2 25 | $694.1M | $320.4M | ||
| Q1 25 | $700.4M | $299.5M | ||
| Q4 24 | $698.3M | $299.5M | ||
| Q3 24 | $697.3M | $289.4M | ||
| Q2 24 | $694.9M | $267.2M | ||
| Q1 24 | $697.2M | $258.8M |
| Q4 25 | $942.9M | $894.0M | ||
| Q3 25 | $966.6M | $889.6M | ||
| Q2 25 | $985.1M | $868.6M | ||
| Q1 25 | $1.0B | $848.3M | ||
| Q4 24 | $995.6M | $830.4M | ||
| Q3 24 | $975.9M | $847.6M | ||
| Q2 24 | $947.7M | $827.4M | ||
| Q1 24 | $957.4M | $824.1M |
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.19× | — |
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 | $9.2M | $29.4M |
| Free Cash FlowOCF − Capex | $5.9M | $28.0M |
| FCF MarginFCF / Revenue | 2.6% | 22.3% |
| Capex IntensityCapex / Revenue | 1.5% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-6.3M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.2M | $29.4M | ||
| Q3 25 | $9.2M | $67.5M | ||
| Q2 25 | $-7.5M | $23.2M | ||
| Q1 25 | $19.0M | $7.0M | ||
| Q4 24 | $-2.5M | $11.5M | ||
| Q3 24 | $8.1M | $35.3M | ||
| Q2 24 | $17.5M | $35.0M | ||
| Q1 24 | $4.8M | $-11.0M |
| Q4 25 | $5.9M | $28.0M | ||
| Q3 25 | $2.1M | $64.8M | ||
| Q2 25 | $-14.8M | $20.9M | ||
| Q1 25 | $496.0K | $5.3M | ||
| Q4 24 | $-6.9M | $6.9M | ||
| Q3 24 | $2.2M | $34.2M | ||
| Q2 24 | $14.6M | $33.5M | ||
| Q1 24 | $314.0K | $-12.1M |
| Q4 25 | 2.6% | 22.3% | ||
| Q3 25 | 0.9% | 60.7% | ||
| Q2 25 | -6.2% | 22.8% | ||
| Q1 25 | 0.2% | 6.1% | ||
| Q4 24 | -3.0% | 7.4% | ||
| Q3 24 | 1.0% | 37.3% | ||
| Q2 24 | 7.2% | 37.6% | ||
| Q1 24 | 0.2% | -15.3% |
| Q4 25 | 1.5% | 1.1% | ||
| Q3 25 | 3.0% | 2.6% | ||
| Q2 25 | 3.0% | 2.6% | ||
| Q1 25 | 7.6% | 1.9% | ||
| Q4 24 | 1.9% | 5.0% | ||
| Q3 24 | 2.8% | 1.2% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 2.2% | 1.4% |
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICHR
| Other | $101.6M | 45% |
| US | $67.4M | 30% |
| Other Countries | $29.7M | 13% |
| Europe | $24.9M | 11% |
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% |
