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Side-by-side financial comparison of IMAX CORP (IMAX) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $125.2M, roughly 1.7× IMAX CORP). Iridium Communications Inc. runs the higher net margin — 9.9% vs 0.5%, a 9.3% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 1.9%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 4.4%).
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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
IMAX vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $219.1M |
| Net Profit | $637.0K | $21.6M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | 23.2% |
| Net Margin | 0.5% | 9.9% |
| Revenue YoY | 35.1% | 1.9% |
| Net Profit YoY | -88.0% | — |
| EPS (diluted) | $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 | — | $219.1M | ||
| Q4 25 | $125.2M | $212.9M | ||
| Q3 25 | $106.7M | $226.9M | ||
| Q2 25 | $91.7M | $216.9M | ||
| Q1 25 | $86.7M | $214.9M | ||
| Q4 24 | $92.7M | $213.0M | ||
| Q3 24 | $91.5M | $212.8M | ||
| Q2 24 | $89.0M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $637.0K | $24.9M | ||
| Q3 25 | $20.7M | $37.1M | ||
| Q2 25 | $11.3M | $22.0M | ||
| Q1 25 | $2.3M | $30.4M | ||
| Q4 24 | $5.3M | $36.3M | ||
| Q3 24 | $13.9M | $24.4M | ||
| Q2 24 | $3.6M | $32.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 23.2% | ||
| Q4 25 | 19.3% | 25.9% | ||
| Q3 25 | 27.2% | 30.9% | ||
| Q2 25 | 15.6% | 23.2% | ||
| Q1 25 | 19.3% | 28.1% | ||
| Q4 24 | 10.3% | 24.5% | ||
| Q3 24 | 21.2% | 25.8% | ||
| Q2 24 | 3.2% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 0.5% | 11.7% | ||
| Q3 25 | 19.4% | 16.4% | ||
| Q2 25 | 12.3% | 10.1% | ||
| Q1 25 | 2.7% | 14.2% | ||
| Q4 24 | 5.7% | 17.1% | ||
| Q3 24 | 15.2% | 11.5% | ||
| Q2 24 | 4.0% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.02 | $0.24 | ||
| Q3 25 | $0.37 | $0.35 | ||
| Q2 25 | $0.20 | $0.20 | ||
| Q1 25 | $0.04 | $0.27 | ||
| Q4 24 | $0.09 | $0.30 | ||
| Q3 24 | $0.26 | $0.21 | ||
| Q2 24 | $0.07 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $151.2M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $337.9M | — |
| Total Assets | $894.0M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $151.2M | $96.5M | ||
| Q3 25 | $143.1M | $88.5M | ||
| Q2 25 | $109.3M | $79.3M | ||
| Q1 25 | $97.1M | $50.9M | ||
| Q4 24 | $100.6M | $93.5M | ||
| Q3 24 | $104.5M | $159.6M | ||
| Q2 24 | $91.6M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $337.9M | $462.6M | ||
| Q3 25 | $349.5M | $450.5M | ||
| Q2 25 | $320.4M | $473.6M | ||
| Q1 25 | $299.5M | $518.4M | ||
| Q4 24 | $299.5M | $576.6M | ||
| Q3 24 | $289.4M | $663.8M | ||
| Q2 24 | $267.2M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $894.0M | $2.5B | ||
| Q3 25 | $889.6M | $2.6B | ||
| Q2 25 | $868.6M | $2.6B | ||
| Q1 25 | $848.3M | $2.6B | ||
| Q4 24 | $830.4M | $2.7B | ||
| Q3 24 | $847.6M | $2.8B | ||
| Q2 24 | $827.4M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 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 | $29.4M | — |
| Free Cash FlowOCF − Capex | $28.0M | — |
| FCF MarginFCF / Revenue | 22.3% | — |
| Capex IntensityCapex / Revenue | 1.1% | 13.7% |
| Cash ConversionOCF / Net Profit | 46.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $108.6M | ||
| Q3 25 | $67.5M | $100.8M | ||
| Q2 25 | $23.2M | $129.6M | ||
| Q1 25 | $7.0M | $61.1M | ||
| Q4 24 | $11.5M | $104.8M | ||
| Q3 24 | $35.3M | $118.6M | ||
| Q2 24 | $35.0M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $28.0M | $75.1M | ||
| Q3 25 | $64.8M | $79.2M | ||
| Q2 25 | $20.9M | $108.9M | ||
| Q1 25 | $5.3M | $36.5M | ||
| Q4 24 | $6.9M | $80.5M | ||
| Q3 24 | $34.2M | $100.0M | ||
| Q2 24 | $33.5M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | 35.3% | ||
| Q3 25 | 60.7% | 34.9% | ||
| Q2 25 | 22.8% | 50.2% | ||
| Q1 25 | 6.1% | 17.0% | ||
| Q4 24 | 7.4% | 37.8% | ||
| Q3 24 | 37.3% | 47.0% | ||
| Q2 24 | 37.6% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 1.1% | 15.7% | ||
| Q3 25 | 2.6% | 9.5% | ||
| Q2 25 | 2.6% | 9.5% | ||
| Q1 25 | 1.9% | 11.4% | ||
| Q4 24 | 5.0% | 11.4% | ||
| Q3 24 | 1.2% | 8.7% | ||
| Q2 24 | 1.8% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 46.11× | 4.37× | ||
| Q3 25 | 3.27× | 2.71× | ||
| Q2 25 | 2.06× | 5.90× | ||
| Q1 25 | 2.99× | 2.01× | ||
| Q4 24 | 2.16× | 2.88× | ||
| Q3 24 | 2.54× | 4.85× | ||
| Q2 24 | 9.78× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
