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Side-by-side financial comparison of IMAX CORP (IMAX) and KNOT Offshore Partners LP (KNOP). Click either name above to swap in a different company.

IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $87.1M, roughly 1.4× KNOT Offshore Partners LP). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs 0.5%, a 7.3% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 17.0%).

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.

KNOT Offshore Partners LP is a publicly traded master limited partnership focused on owning, operating and chartering purpose-built shuttle tankers. It serves offshore oil and gas production operators across key markets including the North Sea, Brazil and West Africa, supporting marine logistics for offshore energy extraction.

IMAX vs KNOP — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.4× larger
IMAX
$125.2M
$87.1M
KNOP
Growing faster (revenue YoY)
IMAX
IMAX
+18.1% gap
IMAX
35.1%
17.0%
KNOP
Higher net margin
KNOP
KNOP
7.3% more per $
KNOP
7.8%
0.5%
IMAX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IMAX
IMAX
KNOP
KNOP
Revenue
$125.2M
$87.1M
Net Profit
$637.0K
$6.8M
Gross Margin
57.6%
Operating Margin
19.3%
25.5%
Net Margin
0.5%
7.8%
Revenue YoY
35.1%
17.0%
Net Profit YoY
-88.0%
153.0%
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.

Revenue
IMAX
IMAX
KNOP
KNOP
Q4 25
$125.2M
Q3 25
$106.7M
Q2 25
$91.7M
$87.1M
Q1 25
$86.7M
Q4 24
$92.7M
Q3 24
$91.5M
Q2 24
$89.0M
$74.4M
Q1 24
$79.1M
Net Profit
IMAX
IMAX
KNOP
KNOP
Q4 25
$637.0K
Q3 25
$20.7M
Q2 25
$11.3M
$6.8M
Q1 25
$2.3M
Q4 24
$5.3M
Q3 24
$13.9M
Q2 24
$3.6M
$-12.9M
Q1 24
$3.3M
Gross Margin
IMAX
IMAX
KNOP
KNOP
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%
Operating Margin
IMAX
IMAX
KNOP
KNOP
Q4 25
19.3%
Q3 25
27.2%
Q2 25
15.6%
25.5%
Q1 25
19.3%
Q4 24
10.3%
Q3 24
21.2%
Q2 24
3.2%
1.8%
Q1 24
15.3%
Net Margin
IMAX
IMAX
KNOP
KNOP
Q4 25
0.5%
Q3 25
19.4%
Q2 25
12.3%
7.8%
Q1 25
2.7%
Q4 24
5.7%
Q3 24
15.2%
Q2 24
4.0%
-17.3%
Q1 24
4.1%
EPS (diluted)
IMAX
IMAX
KNOP
KNOP
Q4 25
$0.02
Q3 25
$0.37
Q2 25
$0.20
Q1 25
$0.04
Q4 24
$0.09
Q3 24
$0.26
Q2 24
$0.07
Q1 24
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMAX
IMAX
KNOP
KNOP
Cash + ST InvestmentsLiquidity on hand
$151.2M
$66.3M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$337.9M
Total Assets
$894.0M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMAX
IMAX
KNOP
KNOP
Q4 25
$151.2M
Q3 25
$143.1M
Q2 25
$109.3M
$66.3M
Q1 25
$97.1M
Q4 24
$100.6M
Q3 24
$104.5M
Q2 24
$91.6M
$56.6M
Q1 24
$81.0M
Total Debt
IMAX
IMAX
KNOP
KNOP
Q4 25
Q3 25
Q2 25
$914.5M
Q1 25
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
IMAX
IMAX
KNOP
KNOP
Q4 25
$337.9M
Q3 25
$349.5M
Q2 25
$320.4M
Q1 25
$299.5M
Q4 24
$299.5M
Q3 24
$289.4M
Q2 24
$267.2M
Q1 24
$258.8M
Total Assets
IMAX
IMAX
KNOP
KNOP
Q4 25
$894.0M
Q3 25
$889.6M
Q2 25
$868.6M
$1.6B
Q1 25
$848.3M
Q4 24
$830.4M
Q3 24
$847.6M
Q2 24
$827.4M
$1.5B
Q1 24
$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
IMAX
IMAX
KNOP
KNOP
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
IMAX
IMAX
KNOP
KNOP
Q4 25
$29.4M
Q3 25
$67.5M
Q2 25
$23.2M
Q1 25
$7.0M
Q4 24
$11.5M
Q3 24
$35.3M
Q2 24
$35.0M
Q1 24
$-11.0M
Free Cash Flow
IMAX
IMAX
KNOP
KNOP
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
FCF Margin
IMAX
IMAX
KNOP
KNOP
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%
Capex Intensity
IMAX
IMAX
KNOP
KNOP
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%
Cash Conversion
IMAX
IMAX
KNOP
KNOP
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

IMAX
IMAX

Technology Sales$46.6M37%
Image Enhancement And Maintenance Services$38.1M30%
Joint Revenue Sharing Arrangement$20.4M16%
Maintenance$16.3M13%
Finance Income$2.8M2%
Other Content Solutions$1.6M1%

KNOP
KNOP

Segment breakdown not available.

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