vs
Side-by-side financial comparison of IMAX CORP (IMAX) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Loar Holdings Inc. is the larger business by last-quarter revenue ($131.8M vs $125.2M, roughly 1.1× IMAX CORP). Loar Holdings Inc. runs the higher net margin — 9.5% vs 0.5%, a 9.0% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 19.3%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 19.8%).
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.
IMAX vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $131.8M |
| Net Profit | $637.0K | $12.5M |
| Gross Margin | 57.6% | 52.1% |
| Operating Margin | 19.3% | 18.0% |
| Net Margin | 0.5% | 9.5% |
| Revenue YoY | 35.1% | 19.3% |
| Net Profit YoY | -88.0% | 239.5% |
| EPS (diluted) | $0.02 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $106.7M | $126.8M | ||
| Q2 25 | $91.7M | $123.1M | ||
| Q1 25 | $86.7M | $114.7M | ||
| Q4 24 | $92.7M | $110.4M | ||
| Q3 24 | $91.5M | $103.5M | ||
| Q2 24 | $89.0M | $97.0M | ||
| Q1 24 | $79.1M | $91.8M |
| Q4 25 | $637.0K | $12.5M | ||
| Q3 25 | $20.7M | $27.6M | ||
| Q2 25 | $11.3M | $16.7M | ||
| Q1 25 | $2.3M | $15.3M | ||
| Q4 24 | $5.3M | $3.7M | ||
| Q3 24 | $13.9M | $8.7M | ||
| Q2 24 | $3.6M | $7.6M | ||
| Q1 24 | $3.3M | $2.2M |
| Q4 25 | 57.6% | 52.1% | ||
| Q3 25 | 63.1% | 52.7% | ||
| Q2 25 | 58.5% | 53.8% | ||
| Q1 25 | 61.4% | 52.1% | ||
| Q4 24 | 52.2% | 48.9% | ||
| Q3 24 | 55.8% | 51.1% | ||
| Q2 24 | 49.4% | 49.0% | ||
| Q1 24 | 59.3% | 48.4% |
| Q4 25 | 19.3% | 18.0% | ||
| Q3 25 | 27.2% | 22.9% | ||
| Q2 25 | 15.6% | 22.2% | ||
| Q1 25 | 19.3% | 22.8% | ||
| Q4 24 | 10.3% | 19.2% | ||
| Q3 24 | 21.2% | 22.1% | ||
| Q2 24 | 3.2% | 22.9% | ||
| Q1 24 | 15.3% | 23.3% |
| Q4 25 | 0.5% | 9.5% | ||
| Q3 25 | 19.4% | 21.8% | ||
| Q2 25 | 12.3% | 13.6% | ||
| Q1 25 | 2.7% | 13.4% | ||
| Q4 24 | 5.7% | 3.3% | ||
| Q3 24 | 15.2% | 8.4% | ||
| Q2 24 | 4.0% | 7.9% | ||
| Q1 24 | 4.1% | 2.4% |
| Q4 25 | $0.02 | $0.13 | ||
| Q3 25 | $0.37 | $0.29 | ||
| Q2 25 | $0.20 | $0.17 | ||
| Q1 25 | $0.04 | $0.16 | ||
| Q4 24 | $0.09 | $-11023.48 | ||
| Q3 24 | $0.26 | $0.09 | ||
| Q2 24 | $0.07 | $0.09 | ||
| Q1 24 | $0.06 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | — | $715.7M |
| Stockholders' EquityBook value | $337.9M | $1.2B |
| Total Assets | $894.0M | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $84.8M | ||
| Q3 25 | $143.1M | $99.0M | ||
| Q2 25 | $109.3M | $103.3M | ||
| Q1 25 | $97.1M | $80.5M | ||
| Q4 24 | $100.6M | $54.1M | ||
| Q3 24 | $104.5M | $55.2M | ||
| Q2 24 | $91.6M | $73.2M | ||
| Q1 24 | $81.0M | $28.2M |
| Q4 25 | — | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M | ||
| Q1 24 | — | $534.2M |
| Q4 25 | $337.9M | $1.2B | ||
| Q3 25 | $349.5M | $1.2B | ||
| Q2 25 | $320.4M | $1.1B | ||
| Q1 25 | $299.5M | $1.1B | ||
| Q4 24 | $299.5M | $1.1B | ||
| Q3 24 | $289.4M | $769.8M | ||
| Q2 24 | $267.2M | $758.4M | ||
| Q1 24 | $258.8M | $420.6M |
| Q4 25 | $894.0M | $2.0B | ||
| Q3 25 | $889.6M | $1.5B | ||
| Q2 25 | $868.6M | $1.5B | ||
| Q1 25 | $848.3M | $1.5B | ||
| Q4 24 | $830.4M | $1.5B | ||
| Q3 24 | $847.6M | $1.5B | ||
| Q2 24 | $827.4M | $1.1B | ||
| Q1 24 | $824.1M | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $28.0M | — |
| FCF MarginFCF / Revenue | 22.3% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 46.11× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $30.4M | ||
| Q3 25 | $67.5M | $29.7M | ||
| Q2 25 | $23.2M | $23.8M | ||
| Q1 25 | $7.0M | $28.4M | ||
| Q4 24 | $11.5M | $20.7M | ||
| Q3 24 | $35.3M | $16.3M | ||
| Q2 24 | $35.0M | $7.1M | ||
| Q1 24 | $-11.0M | $10.8M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 46.11× | 2.43× | ||
| Q3 25 | 3.27× | 1.08× | ||
| Q2 25 | 2.06× | 1.42× | ||
| Q1 25 | 2.99× | 1.85× | ||
| Q4 24 | 2.16× | 5.62× | ||
| Q3 24 | 2.54× | 1.89× | ||
| Q2 24 | 9.78× | 0.93× | ||
| Q1 24 | -3.35× | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
