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Side-by-side financial comparison of IMAX CORP (IMAX) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.

IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $120.6M, roughly 1.0× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 0.5%, a 47.6% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -11.0%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-55.2M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs -6.0%).

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.

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

IMAX vs KW — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.0× larger
IMAX
$125.2M
$120.6M
KW
Growing faster (revenue YoY)
IMAX
IMAX
+46.1% gap
IMAX
35.1%
-11.0%
KW
Higher net margin
KW
KW
47.6% more per $
KW
48.1%
0.5%
IMAX
More free cash flow
IMAX
IMAX
$83.2M more FCF
IMAX
$28.0M
$-55.2M
KW
Faster 2-yr revenue CAGR
IMAX
IMAX
Annualised
IMAX
25.8%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMAX
IMAX
KW
KW
Revenue
$125.2M
$120.6M
Net Profit
$637.0K
$58.0M
Gross Margin
57.6%
Operating Margin
19.3%
57.3%
Net Margin
0.5%
48.1%
Revenue YoY
35.1%
-11.0%
Net Profit YoY
-88.0%
32.7%
EPS (diluted)
$0.02
$0.22

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
KW
KW
Q4 25
$125.2M
$120.6M
Q3 25
$106.7M
$116.4M
Q2 25
$91.7M
$135.7M
Q1 25
$86.7M
$128.3M
Q4 24
$92.7M
$135.5M
Q3 24
$91.5M
$127.5M
Q2 24
$89.0M
$132.0M
Q1 24
$79.1M
$136.4M
Net Profit
IMAX
IMAX
KW
KW
Q4 25
$637.0K
$58.0M
Q3 25
$20.7M
$-10.2M
Q2 25
$11.3M
$5.6M
Q1 25
$2.3M
$-29.6M
Q4 24
$5.3M
$43.7M
Q3 24
$13.9M
$-66.8M
Q2 24
$3.6M
$-48.3M
Q1 24
$3.3M
$37.7M
Gross Margin
IMAX
IMAX
KW
KW
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
KW
KW
Q4 25
19.3%
57.3%
Q3 25
27.2%
-6.2%
Q2 25
15.6%
7.4%
Q1 25
19.3%
-26.9%
Q4 24
10.3%
36.7%
Q3 24
21.2%
-60.8%
Q2 24
3.2%
-45.5%
Q1 24
15.3%
47.2%
Net Margin
IMAX
IMAX
KW
KW
Q4 25
0.5%
48.1%
Q3 25
19.4%
-8.8%
Q2 25
12.3%
4.1%
Q1 25
2.7%
-23.1%
Q4 24
5.7%
32.3%
Q3 24
15.2%
-52.4%
Q2 24
4.0%
-36.6%
Q1 24
4.1%
27.6%
EPS (diluted)
IMAX
IMAX
KW
KW
Q4 25
$0.02
$0.22
Q3 25
$0.37
$-0.15
Q2 25
$0.20
$-0.05
Q1 25
$0.04
$-0.30
Q4 24
$0.09
$0.24
Q3 24
$0.26
$-0.56
Q2 24
$0.07
$-0.43
Q1 24
$0.06
$0.19

Balance Sheet & Financial Strength

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

Metric
IMAX
IMAX
KW
KW
Cash + ST InvestmentsLiquidity on hand
$151.2M
$184.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$337.9M
$1.5B
Total Assets
$894.0M
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMAX
IMAX
KW
KW
Q4 25
$151.2M
$184.5M
Q3 25
$143.1M
$382.6M
Q2 25
$109.3M
$309.1M
Q1 25
$97.1M
$356.6M
Q4 24
$100.6M
$217.5M
Q3 24
$104.5M
$367.1M
Q2 24
$91.6M
$366.5M
Q1 24
$81.0M
$541.9M
Stockholders' Equity
IMAX
IMAX
KW
KW
Q4 25
$337.9M
$1.5B
Q3 25
$349.5M
$1.5B
Q2 25
$320.4M
$1.6B
Q1 25
$299.5M
$1.6B
Q4 24
$299.5M
$1.6B
Q3 24
$289.4M
$1.6B
Q2 24
$267.2M
$1.7B
Q1 24
$258.8M
$1.7B
Total Assets
IMAX
IMAX
KW
KW
Q4 25
$894.0M
$6.6B
Q3 25
$889.6M
$6.7B
Q2 25
$868.6M
$6.8B
Q1 25
$848.3M
$7.2B
Q4 24
$830.4M
$7.0B
Q3 24
$847.6M
$7.4B
Q2 24
$827.4M
$7.5B
Q1 24
$824.1M
$7.7B

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
KW
KW
Operating Cash FlowLast quarter
$29.4M
$11.4M
Free Cash FlowOCF − Capex
$28.0M
$-55.2M
FCF MarginFCF / Revenue
22.3%
-45.8%
Capex IntensityCapex / Revenue
1.1%
55.2%
Cash ConversionOCF / Net Profit
46.11×
0.20×
TTM Free Cash FlowTrailing 4 quarters
$118.9M
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMAX
IMAX
KW
KW
Q4 25
$29.4M
$11.4M
Q3 25
$67.5M
$-7.6M
Q2 25
$23.2M
$42.0M
Q1 25
$7.0M
$-51.9M
Q4 24
$11.5M
$55.1M
Q3 24
$35.3M
$-5.6M
Q2 24
$35.0M
$36.7M
Q1 24
$-11.0M
$-5.6M
Free Cash Flow
IMAX
IMAX
KW
KW
Q4 25
$28.0M
$-55.2M
Q3 25
$64.8M
$-18.0M
Q2 25
$20.9M
$29.4M
Q1 25
$5.3M
$-59.7M
Q4 24
$6.9M
$-76.5M
Q3 24
$34.2M
$-27.7M
Q2 24
$33.5M
$-500.0K
Q1 24
$-12.1M
$-57.1M
FCF Margin
IMAX
IMAX
KW
KW
Q4 25
22.3%
-45.8%
Q3 25
60.7%
-15.5%
Q2 25
22.8%
21.7%
Q1 25
6.1%
-46.5%
Q4 24
7.4%
-56.5%
Q3 24
37.3%
-21.7%
Q2 24
37.6%
-0.4%
Q1 24
-15.3%
-41.9%
Capex Intensity
IMAX
IMAX
KW
KW
Q4 25
1.1%
55.2%
Q3 25
2.6%
8.9%
Q2 25
2.6%
9.3%
Q1 25
1.9%
6.1%
Q4 24
5.0%
97.1%
Q3 24
1.2%
17.3%
Q2 24
1.8%
28.2%
Q1 24
1.4%
37.8%
Cash Conversion
IMAX
IMAX
KW
KW
Q4 25
46.11×
0.20×
Q3 25
3.27×
Q2 25
2.06×
7.50×
Q1 25
2.99×
Q4 24
2.16×
1.26×
Q3 24
2.54×
Q2 24
9.78×
Q1 24
-3.35×
-0.15×

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%

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

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