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Side-by-side financial comparison of IMAX CORP (IMAX) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $125.2M, roughly 1.5× IMAX CORP). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 0.5%, a 11.7% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $28.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
IMAX vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $187.0M |
| Net Profit | $637.0K | $22.9M |
| Gross Margin | 57.6% | 72.5% |
| Operating Margin | 19.3% | 20.2% |
| Net Margin | 0.5% | 12.2% |
| Revenue YoY | 35.1% | -1.6% |
| Net Profit YoY | -88.0% | 36.8% |
| EPS (diluted) | $0.02 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $106.7M | $188.7M | ||
| Q2 25 | $91.7M | $188.8M | ||
| Q1 25 | $86.7M | $188.4M | ||
| Q4 24 | $92.7M | $190.1M | ||
| Q3 24 | $91.5M | $193.6M | ||
| Q2 24 | $89.0M | $190.4M | ||
| Q1 24 | $79.1M | $196.1M |
| Q4 25 | $637.0K | $22.9M | ||
| Q3 25 | $20.7M | $18.4M | ||
| Q2 25 | $11.3M | $19.5M | ||
| Q1 25 | $2.3M | $13.0M | ||
| Q4 24 | $5.3M | $16.7M | ||
| Q3 24 | $13.9M | $18.7M | ||
| Q2 24 | $3.6M | $17.1M | ||
| Q1 24 | $3.3M | $59.0M |
| Q4 25 | 57.6% | 72.5% | ||
| Q3 25 | 63.1% | 70.7% | ||
| Q2 25 | 58.5% | 70.5% | ||
| Q1 25 | 61.4% | 70.7% | ||
| Q4 24 | 52.2% | 72.5% | ||
| Q3 24 | 55.8% | 72.8% | ||
| Q2 24 | 49.4% | 72.6% | ||
| Q1 24 | 59.3% | 72.1% |
| Q4 25 | 19.3% | 20.2% | ||
| Q3 25 | 27.2% | 15.8% | ||
| Q2 25 | 15.6% | 16.5% | ||
| Q1 25 | 19.3% | 11.0% | ||
| Q4 24 | 10.3% | 14.5% | ||
| Q3 24 | 21.2% | 15.8% | ||
| Q2 24 | 3.2% | 17.2% | ||
| Q1 24 | 15.3% | 48.9% |
| Q4 25 | 0.5% | 12.2% | ||
| Q3 25 | 19.4% | 9.8% | ||
| Q2 25 | 12.3% | 10.3% | ||
| Q1 25 | 2.7% | 6.9% | ||
| Q4 24 | 5.7% | 8.8% | ||
| Q3 24 | 15.2% | 9.7% | ||
| Q2 24 | 4.0% | 9.0% | ||
| Q1 24 | 4.1% | 30.1% |
| Q4 25 | $0.02 | $0.23 | ||
| Q3 25 | $0.37 | $0.17 | ||
| Q2 25 | $0.20 | $0.19 | ||
| Q1 25 | $0.04 | $0.10 | ||
| Q4 24 | $0.09 | $0.19 | ||
| Q3 24 | $0.26 | $0.18 | ||
| Q2 24 | $0.07 | $0.16 | ||
| Q1 24 | $0.06 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $337.9M | $946.0M |
| Total Assets | $894.0M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $23.3M | ||
| Q3 25 | $143.1M | $26.3M | ||
| Q2 25 | $109.3M | $26.1M | ||
| Q1 25 | $97.1M | $19.3M | ||
| Q4 24 | $100.6M | $50.4M | ||
| Q3 24 | $104.5M | $69.9M | ||
| Q2 24 | $91.6M | $59.0M | ||
| Q1 24 | $81.0M | $64.2M |
| Q4 25 | $337.9M | $946.0M | ||
| Q3 25 | $349.5M | $973.1M | ||
| Q2 25 | $320.4M | $1.0B | ||
| Q1 25 | $299.5M | $1.0B | ||
| Q4 24 | $299.5M | $1.1B | ||
| Q3 24 | $289.4M | $986.9M | ||
| Q2 24 | $267.2M | $1.2B | ||
| Q1 24 | $258.8M | $1.3B |
| Q4 25 | $894.0M | $5.1B | ||
| Q3 25 | $889.6M | $5.1B | ||
| Q2 25 | $868.6M | $5.2B | ||
| Q1 25 | $848.3M | $5.3B | ||
| Q4 24 | $830.4M | $5.4B | ||
| Q3 24 | $847.6M | $5.4B | ||
| Q2 24 | $827.4M | $5.3B | ||
| Q1 24 | $824.1M | $5.4B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | $28.0M | $299.8M |
| FCF MarginFCF / Revenue | 22.3% | 160.3% |
| Capex IntensityCapex / Revenue | 1.1% | 20.7% |
| Cash ConversionOCF / Net Profit | 46.11× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $338.5M | ||
| Q3 25 | $67.5M | $100.2M | ||
| Q2 25 | $23.2M | $79.9M | ||
| Q1 25 | $7.0M | $85.6M | ||
| Q4 24 | $11.5M | $363.1M | ||
| Q3 24 | $35.3M | $105.7M | ||
| Q2 24 | $35.0M | $83.2M | ||
| Q1 24 | $-11.0M | $94.0M |
| Q4 25 | $28.0M | $299.8M | ||
| Q3 25 | $64.8M | $88.0M | ||
| Q2 25 | $20.9M | $73.8M | ||
| Q1 25 | $5.3M | $79.9M | ||
| Q4 24 | $6.9M | $344.4M | ||
| Q3 24 | $34.2M | $101.8M | ||
| Q2 24 | $33.5M | $79.5M | ||
| Q1 24 | $-12.1M | $88.6M |
| Q4 25 | 22.3% | 160.3% | ||
| Q3 25 | 60.7% | 46.6% | ||
| Q2 25 | 22.8% | 39.1% | ||
| Q1 25 | 6.1% | 42.4% | ||
| Q4 24 | 7.4% | 181.2% | ||
| Q3 24 | 37.3% | 52.6% | ||
| Q2 24 | 37.6% | 41.7% | ||
| Q1 24 | -15.3% | 45.2% |
| Q4 25 | 1.1% | 20.7% | ||
| Q3 25 | 2.6% | 6.5% | ||
| Q2 25 | 2.6% | 3.2% | ||
| Q1 25 | 1.9% | 3.0% | ||
| Q4 24 | 5.0% | 9.8% | ||
| Q3 24 | 1.2% | 2.0% | ||
| Q2 24 | 1.8% | 1.9% | ||
| Q1 24 | 1.4% | 2.7% |
| Q4 25 | 46.11× | 14.79× | ||
| Q3 25 | 3.27× | 5.44× | ||
| Q2 25 | 2.06× | 4.10× | ||
| Q1 25 | 2.99× | 6.59× | ||
| Q4 24 | 2.16× | 21.70× | ||
| Q3 24 | 2.54× | 5.65× | ||
| Q2 24 | 9.78× | 4.88× | ||
| Q1 24 | -3.35× | 1.59× |
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% |
NSA
Segment breakdown not available.
