vs
Side-by-side financial comparison of IMAX CORP (IMAX) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
UNIVERSAL DISPLAY CORP \PA\ is the larger business by last-quarter revenue ($142.2M vs $125.2M, roughly 1.1× IMAX CORP). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 0.5%, a 24.7% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -14.5%). 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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
IMAX vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $142.2M |
| Net Profit | $637.0K | $35.9M |
| Gross Margin | 57.6% | 74.6% |
| Operating Margin | 19.3% | 30.1% |
| Net Margin | 0.5% | 25.2% |
| Revenue YoY | 35.1% | -14.5% |
| Net Profit YoY | -88.0% | -44.3% |
| EPS (diluted) | $0.02 | $0.76 |
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 | — | $142.2M | ||
| Q4 25 | $125.2M | $172.9M | ||
| Q3 25 | $106.7M | $139.6M | ||
| Q2 25 | $91.7M | $171.8M | ||
| Q1 25 | $86.7M | $166.3M | ||
| Q4 24 | $92.7M | $162.3M | ||
| Q3 24 | $91.5M | $161.6M | ||
| Q2 24 | $89.0M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $637.0K | $66.3M | ||
| Q3 25 | $20.7M | $44.0M | ||
| Q2 25 | $11.3M | $67.3M | ||
| Q1 25 | $2.3M | $64.4M | ||
| Q4 24 | $5.3M | $46.0M | ||
| Q3 24 | $13.9M | $66.9M | ||
| Q2 24 | $3.6M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 57.6% | 76.1% | ||
| Q3 25 | 63.1% | 74.6% | ||
| Q2 25 | 58.5% | 77.2% | ||
| Q1 25 | 61.4% | 77.1% | ||
| Q4 24 | 52.2% | 77.0% | ||
| Q3 24 | 55.8% | 77.8% | ||
| Q2 24 | 49.4% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 19.3% | 38.9% | ||
| Q3 25 | 27.2% | 30.9% | ||
| Q2 25 | 15.6% | 39.9% | ||
| Q1 25 | 19.3% | 41.9% | ||
| Q4 24 | 10.3% | 32.3% | ||
| Q3 24 | 21.2% | 41.5% | ||
| Q2 24 | 3.2% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 0.5% | 38.4% | ||
| Q3 25 | 19.4% | 31.5% | ||
| Q2 25 | 12.3% | 39.2% | ||
| Q1 25 | 2.7% | 38.8% | ||
| Q4 24 | 5.7% | 28.4% | ||
| Q3 24 | 15.2% | 41.4% | ||
| Q2 24 | 4.0% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.02 | $1.40 | ||
| Q3 25 | $0.37 | $0.92 | ||
| Q2 25 | $0.20 | $1.41 | ||
| Q1 25 | $0.04 | $1.35 | ||
| Q4 24 | $0.09 | $0.96 | ||
| Q3 24 | $0.26 | $1.40 | ||
| Q2 24 | $0.07 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $337.9M | — |
| Total Assets | $894.0M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $151.2M | $602.4M | ||
| Q3 25 | $143.1M | $603.0M | ||
| Q2 25 | $109.3M | $525.2M | ||
| Q1 25 | $97.1M | $571.3M | ||
| Q4 24 | $100.6M | $492.7M | ||
| Q3 24 | $104.5M | $551.6M | ||
| Q2 24 | $91.6M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $337.9M | $1.8B | ||
| Q3 25 | $349.5M | $1.7B | ||
| Q2 25 | $320.4M | $1.7B | ||
| Q1 25 | $299.5M | $1.7B | ||
| Q4 24 | $299.5M | $1.6B | ||
| Q3 24 | $289.4M | $1.6B | ||
| Q2 24 | $267.2M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $894.0M | $2.0B | ||
| Q3 25 | $889.6M | $1.9B | ||
| Q2 25 | $868.6M | $1.9B | ||
| Q1 25 | $848.3M | $1.9B | ||
| Q4 24 | $830.4M | $1.8B | ||
| Q3 24 | $847.6M | $1.8B | ||
| Q2 24 | $827.4M | $1.8B |
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 | $108.9M |
| Free Cash FlowOCF − Capex | $28.0M | — |
| FCF MarginFCF / Revenue | 22.3% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 46.11× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $29.4M | $31.1M | ||
| Q3 25 | $67.5M | $97.2M | ||
| Q2 25 | $23.2M | $51.9M | ||
| Q1 25 | $7.0M | $30.6M | ||
| Q4 24 | $11.5M | $34.7M | ||
| Q3 24 | $35.3M | $79.9M | ||
| Q2 24 | $35.0M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $28.0M | $15.1M | ||
| Q3 25 | $64.8M | $84.3M | ||
| Q2 25 | $20.9M | $37.5M | ||
| Q1 25 | $5.3M | $17.5M | ||
| Q4 24 | $6.9M | $22.0M | ||
| Q3 24 | $34.2M | $66.2M | ||
| Q2 24 | $33.5M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | 8.7% | ||
| Q3 25 | 60.7% | 60.4% | ||
| Q2 25 | 22.8% | 21.8% | ||
| Q1 25 | 6.1% | 10.5% | ||
| Q4 24 | 7.4% | 13.6% | ||
| Q3 24 | 37.3% | 41.0% | ||
| Q2 24 | 37.6% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 9.3% | ||
| Q3 25 | 2.6% | 9.2% | ||
| Q2 25 | 2.6% | 8.4% | ||
| Q1 25 | 1.9% | 7.9% | ||
| Q4 24 | 5.0% | 7.8% | ||
| Q3 24 | 1.2% | 8.4% | ||
| Q2 24 | 1.8% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 46.11× | 0.47× | ||
| Q3 25 | 3.27× | 2.21× | ||
| Q2 25 | 2.06× | 0.77× | ||
| Q1 25 | 2.99× | 0.47× | ||
| Q4 24 | 2.16× | 0.75× | ||
| Q3 24 | 2.54× | 1.19× | ||
| Q2 24 | 9.78× | 1.28× |
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% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
