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Side-by-side financial comparison of IMAX CORP (IMAX) and NNN REIT, INC. (NNN). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $125.2M, roughly 1.9× IMAX CORP). NNN REIT, INC. runs the higher net margin — 39.1% vs 0.5%, a 38.6% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 4.1%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 5.3%).
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.
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
IMAX vs NNN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $240.4M |
| Net Profit | $637.0K | $94.0M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | 61.0% |
| Net Margin | 0.5% | 39.1% |
| Revenue YoY | 35.1% | 4.1% |
| Net Profit YoY | -88.0% | -2.6% |
| EPS (diluted) | $0.02 | $0.50 |
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.
| Q1 26 | — | $240.4M | ||
| Q4 25 | $125.2M | $238.4M | ||
| Q3 25 | $106.7M | $230.2M | ||
| Q2 25 | $91.7M | $226.8M | ||
| Q1 25 | $86.7M | $230.9M | ||
| Q4 24 | $92.7M | $218.5M | ||
| Q3 24 | $91.5M | $218.6M | ||
| Q2 24 | $89.0M | $216.8M |
| Q1 26 | — | $94.0M | ||
| Q4 25 | $637.0K | $96.0M | ||
| Q3 25 | $20.7M | $96.8M | ||
| Q2 25 | $11.3M | $100.5M | ||
| Q1 25 | $2.3M | $96.5M | ||
| Q4 24 | $5.3M | $97.9M | ||
| Q3 24 | $13.9M | $97.9M | ||
| Q2 24 | $3.6M | $106.7M |
| Q1 26 | — | — | ||
| 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 26 | — | 61.0% | ||
| Q4 25 | 19.3% | 62.3% | ||
| Q3 25 | 27.2% | 64.0% | ||
| Q2 25 | 15.6% | 66.0% | ||
| Q1 25 | 19.3% | 62.3% | ||
| Q4 24 | 10.3% | 65.8% | ||
| Q3 24 | 21.2% | 65.7% | ||
| Q2 24 | 3.2% | 70.2% |
| Q1 26 | — | 39.1% | ||
| Q4 25 | 0.5% | 40.2% | ||
| Q3 25 | 19.4% | 42.1% | ||
| Q2 25 | 12.3% | 44.3% | ||
| Q1 25 | 2.7% | 41.8% | ||
| Q4 24 | 5.7% | 44.8% | ||
| Q3 24 | 15.2% | 44.8% | ||
| Q2 24 | 4.0% | 49.2% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.02 | $0.51 | ||
| Q3 25 | $0.37 | $0.51 | ||
| Q2 25 | $0.20 | $0.54 | ||
| Q1 25 | $0.04 | $0.51 | ||
| Q4 24 | $0.09 | $0.52 | ||
| Q3 24 | $0.26 | $0.53 | ||
| Q2 24 | $0.07 | $0.58 |
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 | $4.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $337.9M | $4.4B |
| Total Assets | $894.0M | $9.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.6M | ||
| Q4 25 | $151.2M | $5.0M | ||
| Q3 25 | $143.1M | $157.9M | ||
| Q2 25 | $109.3M | $6.0M | ||
| Q1 25 | $97.1M | $5.1M | ||
| Q4 24 | $100.6M | $8.7M | ||
| Q3 24 | $104.5M | $173.5M | ||
| Q2 24 | $91.6M | $2.1M |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $337.9M | $4.4B | ||
| Q3 25 | $349.5M | $4.4B | ||
| Q2 25 | $320.4M | $4.4B | ||
| Q1 25 | $299.5M | $4.4B | ||
| Q4 24 | $299.5M | $4.4B | ||
| Q3 24 | $289.4M | $4.4B | ||
| Q2 24 | $267.2M | $4.2B |
| Q1 26 | — | $9.4B | ||
| Q4 25 | $894.0M | $9.4B | ||
| Q3 25 | $889.6M | $9.5B | ||
| Q2 25 | $868.6M | $9.1B | ||
| Q1 25 | $848.3M | $9.0B | ||
| Q4 24 | $830.4M | $8.9B | ||
| Q3 24 | $847.6M | $8.9B | ||
| Q2 24 | $827.4M | $8.7B |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $667.1M | ||
| Q3 25 | $67.5M | $218.3M | ||
| Q2 25 | $23.2M | $119.4M | ||
| Q1 25 | $7.0M | $203.3M | ||
| Q4 24 | $11.5M | $635.5M | ||
| Q3 24 | $35.3M | $206.6M | ||
| Q2 24 | $35.0M | $120.5M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 46.11× | 6.95× | ||
| Q3 25 | 3.27× | 2.25× | ||
| Q2 25 | 2.06× | 1.19× | ||
| Q1 25 | 2.99× | 2.11× | ||
| Q4 24 | 2.16× | 6.49× | ||
| Q3 24 | 2.54× | 2.11× | ||
| Q2 24 | 9.78× | 1.13× |
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% |
NNN
Segment breakdown not available.
