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Side-by-side financial comparison of IMAX CORP (IMAX) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $75.2M, roughly 1.7× NPK International Inc.). On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 30.7%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $5.8M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 23.9%).
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 NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $75.2M |
| Net Profit | $637.0K | — |
| Gross Margin | 57.6% | 37.7% |
| Operating Margin | 19.3% | 16.7% |
| Net Margin | 0.5% | — |
| Revenue YoY | 35.1% | 30.7% |
| Net Profit YoY | -88.0% | — |
| EPS (diluted) | $0.02 | $0.17 |
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 | $75.2M | ||
| Q3 25 | $106.7M | $68.8M | ||
| Q2 25 | $91.7M | $68.2M | ||
| Q1 25 | $86.7M | $64.8M | ||
| Q4 24 | $92.7M | $57.5M | ||
| Q3 24 | $91.5M | $44.2M | ||
| Q2 24 | $89.0M | $66.8M | ||
| Q1 24 | $79.1M | $49.0M |
| Q4 25 | $637.0K | — | ||
| Q3 25 | $20.7M | $5.7M | ||
| Q2 25 | $11.3M | $8.7M | ||
| Q1 25 | $2.3M | $10.0M | ||
| Q4 24 | $5.3M | — | ||
| Q3 24 | $13.9M | $-174.3M | ||
| Q2 24 | $3.6M | $8.0M | ||
| Q1 24 | $3.3M | $7.3M |
| Q4 25 | 57.6% | 37.7% | ||
| Q3 25 | 63.1% | 31.9% | ||
| Q2 25 | 58.5% | 36.9% | ||
| Q1 25 | 61.4% | 39.0% | ||
| Q4 24 | 52.2% | 39.2% | ||
| Q3 24 | 55.8% | 27.5% | ||
| Q2 24 | 49.4% | 37.2% | ||
| Q1 24 | 59.3% | 36.0% |
| Q4 25 | 19.3% | 16.7% | ||
| Q3 25 | 27.2% | 13.2% | ||
| Q2 25 | 15.6% | 17.0% | ||
| Q1 25 | 19.3% | 20.9% | ||
| Q4 24 | 10.3% | 20.2% | ||
| Q3 24 | 21.2% | 2.8% | ||
| Q2 24 | 3.2% | 18.7% | ||
| Q1 24 | 15.3% | 14.2% |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 19.4% | 8.2% | ||
| Q2 25 | 12.3% | 12.7% | ||
| Q1 25 | 2.7% | 15.4% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 15.2% | -394.3% | ||
| Q2 24 | 4.0% | 12.0% | ||
| Q1 24 | 4.1% | 14.9% |
| Q4 25 | $0.02 | $0.17 | ||
| Q3 25 | $0.37 | $0.07 | ||
| Q2 25 | $0.20 | $0.10 | ||
| Q1 25 | $0.04 | $0.11 | ||
| Q4 24 | $0.09 | $0.10 | ||
| Q3 24 | $0.26 | $-1.99 | ||
| Q2 24 | $0.07 | $0.09 | ||
| Q1 24 | $0.06 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $337.9M | $351.2M |
| Total Assets | $894.0M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $5.1M | ||
| Q3 25 | $143.1M | $35.6M | ||
| Q2 25 | $109.3M | $26.0M | ||
| Q1 25 | $97.1M | $20.8M | ||
| Q4 24 | $100.6M | $17.8M | ||
| Q3 24 | $104.5M | $42.9M | ||
| Q2 24 | $91.6M | $35.1M | ||
| Q1 24 | $81.0M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $337.9M | $351.2M | ||
| Q3 25 | $349.5M | $333.9M | ||
| Q2 25 | $320.4M | $328.8M | ||
| Q1 25 | $299.5M | $326.9M | ||
| Q4 24 | $299.5M | $326.5M | ||
| Q3 24 | $289.4M | $316.5M | ||
| Q2 24 | $267.2M | $426.6M | ||
| Q1 24 | $258.8M | $421.6M |
| Q4 25 | $894.0M | $441.8M | ||
| Q3 25 | $889.6M | $404.5M | ||
| Q2 25 | $868.6M | $393.7M | ||
| Q1 25 | $848.3M | $390.0M | ||
| Q4 24 | $830.4M | $393.7M | ||
| Q3 24 | $847.6M | $389.6M | ||
| Q2 24 | $827.4M | $624.8M | ||
| Q1 24 | $824.1M | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | $28.0M | $5.8M |
| FCF MarginFCF / Revenue | 22.3% | 7.6% |
| Capex IntensityCapex / Revenue | 1.1% | 16.3% |
| Cash ConversionOCF / Net Profit | 46.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $18.0M | ||
| Q3 25 | $67.5M | $24.7M | ||
| Q2 25 | $23.2M | $21.4M | ||
| Q1 25 | $7.0M | $8.8M | ||
| Q4 24 | $11.5M | $-4.1M | ||
| Q3 24 | $35.3M | $2.8M | ||
| Q2 24 | $35.0M | $27.6M | ||
| Q1 24 | $-11.0M | $11.9M |
| Q4 25 | $28.0M | $5.8M | ||
| Q3 25 | $64.8M | $12.0M | ||
| Q2 25 | $20.9M | $9.7M | ||
| Q1 25 | $5.3M | $-1.2M | ||
| Q4 24 | $6.9M | $-17.7M | ||
| Q3 24 | $34.2M | $-6.7M | ||
| Q2 24 | $33.5M | $21.0M | ||
| Q1 24 | $-12.1M | $-1.9M |
| Q4 25 | 22.3% | 7.6% | ||
| Q3 25 | 60.7% | 17.4% | ||
| Q2 25 | 22.8% | 14.3% | ||
| Q1 25 | 6.1% | -1.8% | ||
| Q4 24 | 7.4% | -30.8% | ||
| Q3 24 | 37.3% | -15.2% | ||
| Q2 24 | 37.6% | 31.4% | ||
| Q1 24 | -15.3% | -3.9% |
| Q4 25 | 1.1% | 16.3% | ||
| Q3 25 | 2.6% | 18.5% | ||
| Q2 25 | 2.6% | 17.1% | ||
| Q1 25 | 1.9% | 15.5% | ||
| Q4 24 | 5.0% | 23.6% | ||
| Q3 24 | 1.2% | 21.4% | ||
| Q2 24 | 1.8% | 9.9% | ||
| Q1 24 | 1.4% | 28.3% |
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | 4.37× | ||
| Q2 25 | 2.06× | 2.47× | ||
| Q1 25 | 2.99× | 0.88× | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 9.78× | 3.43× | ||
| Q1 24 | -3.35× | 1.64× |
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% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
