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Side-by-side financial comparison of IMAX CORP (IMAX) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $125.2M, roughly 1.5× IMAX CORP). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 0.5%, a 6.1% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 30.1%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $27.9M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 25.3%).
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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
IMAX vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $186.9M |
| Net Profit | $637.0K | $12.3M |
| Gross Margin | 57.6% | 25.7% |
| Operating Margin | 19.3% | 9.4% |
| Net Margin | 0.5% | 6.6% |
| Revenue YoY | 35.1% | 30.1% |
| Net Profit YoY | -88.0% | 25.0% |
| EPS (diluted) | $0.02 | $1.01 |
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 | $125.2M | $186.9M | ||
| Q3 25 | $106.7M | $184.6M | ||
| Q2 25 | $91.7M | $142.2M | ||
| Q1 25 | $86.7M | $133.1M | ||
| Q4 24 | $92.7M | $143.7M | ||
| Q3 24 | $91.5M | $133.9M | ||
| Q2 24 | $89.0M | $122.2M | ||
| Q1 24 | $79.1M | $119.0M |
| Q4 25 | $637.0K | $12.3M | ||
| Q3 25 | $20.7M | $8.8M | ||
| Q2 25 | $11.3M | $7.8M | ||
| Q1 25 | $2.3M | $10.2M | ||
| Q4 24 | $5.3M | $9.8M | ||
| Q3 24 | $13.9M | $7.5M | ||
| Q2 24 | $3.6M | $6.0M | ||
| Q1 24 | $3.3M | $7.6M |
| Q4 25 | 57.6% | 25.7% | ||
| Q3 25 | 63.1% | 24.2% | ||
| Q2 25 | 58.5% | 28.0% | ||
| Q1 25 | 61.4% | 27.6% | ||
| Q4 24 | 52.2% | 30.3% | ||
| Q3 24 | 55.8% | 27.0% | ||
| Q2 24 | 49.4% | 27.4% | ||
| Q1 24 | 59.3% | 26.1% |
| Q4 25 | 19.3% | 9.4% | ||
| Q3 25 | 27.2% | 7.2% | ||
| Q2 25 | 15.6% | 7.5% | ||
| Q1 25 | 19.3% | 5.9% | ||
| Q4 24 | 10.3% | 9.1% | ||
| Q3 24 | 21.2% | 8.1% | ||
| Q2 24 | 3.2% | 6.7% | ||
| Q1 24 | 15.3% | 5.5% |
| Q4 25 | 0.5% | 6.6% | ||
| Q3 25 | 19.4% | 4.8% | ||
| Q2 25 | 12.3% | 5.5% | ||
| Q1 25 | 2.7% | 7.7% | ||
| Q4 24 | 5.7% | 6.9% | ||
| Q3 24 | 15.2% | 5.6% | ||
| Q2 24 | 4.0% | 4.9% | ||
| Q1 24 | 4.1% | 6.4% |
| Q4 25 | $0.02 | $1.01 | ||
| Q3 25 | $0.37 | $0.73 | ||
| Q2 25 | $0.20 | $0.64 | ||
| Q1 25 | $0.04 | $0.85 | ||
| Q4 24 | $0.09 | $0.81 | ||
| Q3 24 | $0.26 | $0.62 | ||
| Q2 24 | $0.07 | $0.50 | ||
| Q1 24 | $0.06 | $0.64 |
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 | $11.3M |
| Total DebtLower is stronger | — | $30.5M |
| Stockholders' EquityBook value | $337.9M | $195.7M |
| Total Assets | $894.0M | $381.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $11.3M | ||
| Q3 25 | $143.1M | $9.8M | ||
| Q2 25 | $109.3M | $38.9M | ||
| Q1 25 | $97.1M | $38.1M | ||
| Q4 24 | $100.6M | $44.9M | ||
| Q3 24 | $104.5M | $51.2M | ||
| Q2 24 | $91.6M | $59.5M | ||
| Q1 24 | $81.0M | $48.2M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $19.4M |
| Q4 25 | $337.9M | $195.7M | ||
| Q3 25 | $349.5M | $181.6M | ||
| Q2 25 | $320.4M | $170.5M | ||
| Q1 25 | $299.5M | $161.1M | ||
| Q4 24 | $299.5M | $153.5M | ||
| Q3 24 | $289.4M | $142.2M | ||
| Q2 24 | $267.2M | $133.0M | ||
| Q1 24 | $258.8M | $125.5M |
| Q4 25 | $894.0M | $381.1M | ||
| Q3 25 | $889.6M | $409.1M | ||
| Q2 25 | $868.6M | $343.0M | ||
| Q1 25 | $848.3M | $336.4M | ||
| Q4 24 | $830.4M | $352.1M | ||
| Q3 24 | $847.6M | $324.4M | ||
| Q2 24 | $827.4M | $303.9M | ||
| Q1 24 | $824.1M | $289.2M |
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $28.1M |
| Free Cash FlowOCF − Capex | $28.0M | $27.9M |
| FCF MarginFCF / Revenue | 22.3% | 14.9% |
| Capex IntensityCapex / Revenue | 1.1% | 0.1% |
| Cash ConversionOCF / Net Profit | 46.11× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $28.1M | ||
| Q3 25 | $67.5M | $13.3M | ||
| Q2 25 | $23.2M | $2.0M | ||
| Q1 25 | $7.0M | $2.2M | ||
| Q4 24 | $11.5M | $19.3M | ||
| Q3 24 | $35.3M | $4.9M | ||
| Q2 24 | $35.0M | $16.5M | ||
| Q1 24 | $-11.0M | $-3.9M |
| Q4 25 | $28.0M | $27.9M | ||
| Q3 25 | $64.8M | $12.8M | ||
| Q2 25 | $20.9M | $1.2M | ||
| Q1 25 | $5.3M | $11.0K | ||
| Q4 24 | $6.9M | $18.0M | ||
| Q3 24 | $34.2M | $4.6M | ||
| Q2 24 | $33.5M | $13.2M | ||
| Q1 24 | $-12.1M | $-6.5M |
| Q4 25 | 22.3% | 14.9% | ||
| Q3 25 | 60.7% | 7.0% | ||
| Q2 25 | 22.8% | 0.8% | ||
| Q1 25 | 6.1% | 0.0% | ||
| Q4 24 | 7.4% | 12.5% | ||
| Q3 24 | 37.3% | 3.4% | ||
| Q2 24 | 37.6% | 10.8% | ||
| Q1 24 | -15.3% | -5.5% |
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 2.6% | 0.3% | ||
| Q2 25 | 2.6% | 0.6% | ||
| Q1 25 | 1.9% | 1.7% | ||
| Q4 24 | 5.0% | 0.9% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 1.8% | 2.7% | ||
| Q1 24 | 1.4% | 2.1% |
| Q4 25 | 46.11× | 2.29× | ||
| Q3 25 | 3.27× | 1.52× | ||
| Q2 25 | 2.06× | 0.26× | ||
| Q1 25 | 2.99× | 0.22× | ||
| Q4 24 | 2.16× | 1.96× | ||
| Q3 24 | 2.54× | 0.66× | ||
| Q2 24 | 9.78× | 2.77× | ||
| Q1 24 | -3.35× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
