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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) 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 $113.9M, roughly 1.1× Industrial Logistics Properties Trust). IMAX CORP runs the higher net margin — 0.5% vs -1.6%, a 2.1% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $28.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 0.7%).
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
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.
ILPT vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $125.2M |
| Net Profit | $-1.8M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | -22.1% | 19.3% |
| Net Margin | -1.6% | 0.5% |
| Revenue YoY | 3.1% | 35.1% |
| Net Profit YoY | 92.6% | -88.0% |
| EPS (diluted) | $-0.02 | $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 | $113.9M | $125.2M | ||
| Q3 25 | $110.9M | $106.7M | ||
| Q2 25 | $112.1M | $91.7M | ||
| Q1 25 | $111.9M | $86.7M | ||
| Q4 24 | $110.5M | $92.7M | ||
| Q3 24 | $108.9M | $91.5M | ||
| Q2 24 | $110.6M | $89.0M | ||
| Q1 24 | $112.2M | $79.1M |
| Q4 25 | $-1.8M | $637.0K | ||
| Q3 25 | $-21.6M | $20.7M | ||
| Q2 25 | $-21.3M | $11.3M | ||
| Q1 25 | $-21.5M | $2.3M | ||
| Q4 24 | $-24.1M | $5.3M | ||
| Q3 24 | $-25.0M | $13.9M | ||
| Q2 24 | $-23.2M | $3.6M | ||
| Q1 24 | $-23.4M | $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 | -22.1% | 19.3% | ||
| Q3 25 | -29.4% | 27.2% | ||
| Q2 25 | -30.8% | 15.6% | ||
| Q1 25 | -26.9% | 19.3% | ||
| Q4 24 | -31.1% | 10.3% | ||
| Q3 24 | -33.5% | 21.2% | ||
| Q2 24 | -32.4% | 3.2% | ||
| Q1 24 | -31.7% | 15.3% |
| Q4 25 | -1.6% | 0.5% | ||
| Q3 25 | -19.4% | 19.4% | ||
| Q2 25 | -19.0% | 12.3% | ||
| Q1 25 | -19.2% | 2.7% | ||
| Q4 24 | -21.8% | 5.7% | ||
| Q3 24 | -22.9% | 15.2% | ||
| Q2 24 | -20.9% | 4.0% | ||
| Q1 24 | -20.9% | 4.1% |
| Q4 25 | $-0.02 | $0.02 | ||
| Q3 25 | $-0.33 | $0.37 | ||
| Q2 25 | $-0.32 | $0.20 | ||
| Q1 25 | $-0.33 | $0.04 | ||
| Q4 24 | $-0.37 | $0.09 | ||
| Q3 24 | $-0.38 | $0.26 | ||
| Q2 24 | $-0.35 | $0.07 | ||
| Q1 24 | $-0.36 | $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 | $94.8M | $151.2M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $337.9M |
| Total Assets | $5.2B | $894.0M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $151.2M | ||
| Q3 25 | $83.2M | $143.1M | ||
| Q2 25 | $58.6M | $109.3M | ||
| Q1 25 | $108.0M | $97.1M | ||
| Q4 24 | $131.7M | $100.6M | ||
| Q3 24 | $153.9M | $104.5M | ||
| Q2 24 | $146.2M | $91.6M | ||
| Q1 24 | $128.4M | $81.0M |
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
| Q4 25 | $489.7M | $337.9M | ||
| Q3 25 | $494.1M | $349.5M | ||
| Q2 25 | $519.1M | $320.4M | ||
| Q1 25 | $539.5M | $299.5M | ||
| Q4 24 | $562.0M | $299.5M | ||
| Q3 24 | $585.9M | $289.4M | ||
| Q2 24 | $618.3M | $267.2M | ||
| Q1 24 | $643.2M | $258.8M |
| Q4 25 | $5.2B | $894.0M | ||
| Q3 25 | $5.2B | $889.6M | ||
| Q2 25 | $5.2B | $868.6M | ||
| Q1 25 | $5.4B | $848.3M | ||
| Q4 24 | $5.4B | $830.4M | ||
| Q3 24 | $5.5B | $847.6M | ||
| Q2 24 | $5.5B | $827.4M | ||
| Q1 24 | $5.5B | $824.1M |
| Q4 25 | 8.56× | — | ||
| Q3 25 | 8.49× | — | ||
| Q2 25 | 8.09× | — | ||
| Q1 25 | 7.96× | — | ||
| Q4 24 | 7.65× | — | ||
| Q3 24 | 7.35× | — | ||
| Q2 24 | 6.96× | — | ||
| Q1 24 | 6.70× | — |
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 | $60.7M | $29.4M |
| Free Cash FlowOCF − Capex | $42.0M | $28.0M |
| FCF MarginFCF / Revenue | 36.9% | 22.3% |
| Capex IntensityCapex / Revenue | 16.4% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $29.4M | ||
| Q3 25 | $22.7M | $67.5M | ||
| Q2 25 | $18.4M | $23.2M | ||
| Q1 25 | $11.4M | $7.0M | ||
| Q4 24 | $2.0M | $11.5M | ||
| Q3 24 | $-3.4M | $35.3M | ||
| Q2 24 | $10.8M | $35.0M | ||
| Q1 24 | $8.0M | $-11.0M |
| Q4 25 | $42.0M | $28.0M | ||
| Q3 25 | $17.6M | $64.8M | ||
| Q2 25 | $15.2M | $20.9M | ||
| Q1 25 | $5.0M | $5.3M | ||
| Q4 24 | $-3.7M | $6.9M | ||
| Q3 24 | $-5.9M | $34.2M | ||
| Q2 24 | $9.4M | $33.5M | ||
| Q1 24 | $5.9M | $-12.1M |
| Q4 25 | 36.9% | 22.3% | ||
| Q3 25 | 15.9% | 60.7% | ||
| Q2 25 | 13.5% | 22.8% | ||
| Q1 25 | 4.5% | 6.1% | ||
| Q4 24 | -3.4% | 7.4% | ||
| Q3 24 | -5.5% | 37.3% | ||
| Q2 24 | 8.5% | 37.6% | ||
| Q1 24 | 5.2% | -15.3% |
| Q4 25 | 16.4% | 1.1% | ||
| Q3 25 | 4.6% | 2.6% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 5.7% | 1.9% | ||
| Q4 24 | 5.2% | 5.0% | ||
| Q3 24 | 2.3% | 1.2% | ||
| Q2 24 | 1.3% | 1.8% | ||
| Q1 24 | 1.9% | 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
ILPT
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% |
