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Side-by-side financial comparison of IMAX CORP (IMAX) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $104.0M, roughly 1.2× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 0.5%, a 38.3% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 12.5%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $28.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 12.5%).
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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
IMAX vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $104.0M |
| Net Profit | $637.0K | $40.3M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | 48.3% |
| Net Margin | 0.5% | 38.8% |
| Revenue YoY | 35.1% | 12.5% |
| Net Profit YoY | -88.0% | 16.9% |
| EPS (diluted) | $0.02 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $106.7M | $102.9M | ||
| Q2 25 | $91.7M | $95.7M | ||
| Q1 25 | $86.7M | $89.4M | ||
| Q4 24 | $92.7M | $92.4M | ||
| Q3 24 | $91.5M | $90.7M | ||
| Q2 24 | $89.0M | $85.0M | ||
| Q1 24 | $79.1M | $82.2M |
| Q4 25 | $637.0K | $40.3M | ||
| Q3 25 | $20.7M | $41.7M | ||
| Q2 25 | $11.3M | $36.0M | ||
| Q1 25 | $2.3M | $32.6M | ||
| Q4 24 | $5.3M | $34.5M | ||
| Q3 24 | $13.9M | $32.5M | ||
| Q2 24 | $3.6M | $29.3M | ||
| Q1 24 | $3.3M | $27.8M |
| 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% | — |
| Q4 25 | 19.3% | 48.3% | ||
| Q3 25 | 27.2% | 50.4% | ||
| Q2 25 | 15.6% | 46.8% | ||
| Q1 25 | 19.3% | 44.9% | ||
| Q4 24 | 10.3% | 46.8% | ||
| Q3 24 | 21.2% | 45.0% | ||
| Q2 24 | 3.2% | 43.3% | ||
| Q1 24 | 15.3% | 41.8% |
| Q4 25 | 0.5% | 38.8% | ||
| Q3 25 | 19.4% | 40.6% | ||
| Q2 25 | 12.3% | 37.6% | ||
| Q1 25 | 2.7% | 36.4% | ||
| Q4 24 | 5.7% | 37.3% | ||
| Q3 24 | 15.2% | 35.8% | ||
| Q2 24 | 4.0% | 34.5% | ||
| Q1 24 | 4.1% | 33.8% |
| Q4 25 | $0.02 | $2.63 | ||
| Q3 25 | $0.37 | $2.73 | ||
| Q2 25 | $0.20 | $2.34 | ||
| Q1 25 | $0.04 | $2.08 | ||
| Q4 24 | $0.09 | $2.21 | ||
| Q3 24 | $0.26 | $2.10 | ||
| Q2 24 | $0.07 | $1.92 | ||
| Q1 24 | $0.06 | $1.82 |
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 | — | $134.9M |
| Stockholders' EquityBook value | $337.9M | $1.3B |
| Total Assets | $894.0M | $9.2B |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | — | ||
| Q3 25 | $143.1M | — | ||
| Q2 25 | $109.3M | — | ||
| Q1 25 | $97.1M | — | ||
| Q4 24 | $100.6M | — | ||
| Q3 24 | $104.5M | — | ||
| Q2 24 | $91.6M | — | ||
| Q1 24 | $81.0M | — |
| Q4 25 | — | $134.9M | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | — | $134.3M | ||
| Q1 25 | — | $156.6M | ||
| Q4 24 | — | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $337.9M | $1.3B | ||
| Q3 25 | $349.5M | $1.2B | ||
| Q2 25 | $320.4M | $1.2B | ||
| Q1 25 | $299.5M | $1.2B | ||
| Q4 24 | $299.5M | $1.2B | ||
| Q3 24 | $289.4M | $1.1B | ||
| Q2 24 | $267.2M | $1.1B | ||
| Q1 24 | $258.8M | $1.1B |
| Q4 25 | $894.0M | $9.2B | ||
| Q3 25 | $889.6M | $9.0B | ||
| Q2 25 | $868.6M | $8.9B | ||
| Q1 25 | $848.3M | $9.0B | ||
| Q4 24 | $830.4M | $8.8B | ||
| Q3 24 | $847.6M | $8.6B | ||
| Q2 24 | $827.4M | $8.6B | ||
| Q1 24 | $824.1M | $8.4B |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| 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 | $153.5M |
| Free Cash FlowOCF − Capex | $28.0M | $149.4M |
| FCF MarginFCF / Revenue | 22.3% | 143.7% |
| Capex IntensityCapex / Revenue | 1.1% | 3.9% |
| Cash ConversionOCF / Net Profit | 46.11× | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $153.5M | ||
| Q3 25 | $67.5M | $45.9M | ||
| Q2 25 | $23.2M | $38.9M | ||
| Q1 25 | $7.0M | $41.8M | ||
| Q4 24 | $11.5M | $133.7M | ||
| Q3 24 | $35.3M | $39.6M | ||
| Q2 24 | $35.0M | $37.3M | ||
| Q1 24 | $-11.0M | $23.4M |
| Q4 25 | $28.0M | $149.4M | ||
| Q3 25 | $64.8M | $45.9M | ||
| Q2 25 | $20.9M | $38.4M | ||
| Q1 25 | $5.3M | $41.3M | ||
| Q4 24 | $6.9M | $116.8M | ||
| Q3 24 | $34.2M | $34.7M | ||
| Q2 24 | $33.5M | $34.4M | ||
| Q1 24 | $-12.1M | $20.1M |
| Q4 25 | 22.3% | 143.7% | ||
| Q3 25 | 60.7% | 44.6% | ||
| Q2 25 | 22.8% | 40.1% | ||
| Q1 25 | 6.1% | 46.2% | ||
| Q4 24 | 7.4% | 126.4% | ||
| Q3 24 | 37.3% | 38.3% | ||
| Q2 24 | 37.6% | 40.5% | ||
| Q1 24 | -15.3% | 24.4% |
| Q4 25 | 1.1% | 3.9% | ||
| Q3 25 | 2.6% | 0.0% | ||
| Q2 25 | 2.6% | 0.6% | ||
| Q1 25 | 1.9% | 0.5% | ||
| Q4 24 | 5.0% | 18.3% | ||
| Q3 24 | 1.2% | 5.4% | ||
| Q2 24 | 1.8% | 3.5% | ||
| Q1 24 | 1.4% | 4.0% |
| Q4 25 | 46.11× | 3.81× | ||
| Q3 25 | 3.27× | 1.10× | ||
| Q2 25 | 2.06× | 1.08× | ||
| Q1 25 | 2.99× | 1.28× | ||
| Q4 24 | 2.16× | 3.88× | ||
| Q3 24 | 2.54× | 1.22× | ||
| Q2 24 | 9.78× | 1.28× | ||
| Q1 24 | -3.35× | 0.84× |
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% |
NIC
Segment breakdown not available.
