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Side-by-side financial comparison of IMAX CORP (IMAX) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $75.5M, roughly 1.7× PUMA BIOTECHNOLOGY, INC.). On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 27.7%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $14.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 25.8%).

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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

IMAX vs PBYI — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.7× larger
IMAX
$125.2M
$75.5M
PBYI
Growing faster (revenue YoY)
IMAX
IMAX
+7.4% gap
IMAX
35.1%
27.7%
PBYI
More free cash flow
IMAX
IMAX
$13.6M more FCF
IMAX
$28.0M
$14.4M
PBYI
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
25.8%
IMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMAX
IMAX
PBYI
PBYI
Revenue
$125.2M
$75.5M
Net Profit
$637.0K
Gross Margin
57.6%
69.3%
Operating Margin
19.3%
22.7%
Net Margin
0.5%
Revenue YoY
35.1%
27.7%
Net Profit YoY
-88.0%
EPS (diluted)
$0.02
$0.26

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.

Revenue
IMAX
IMAX
PBYI
PBYI
Q4 25
$125.2M
$75.5M
Q3 25
$106.7M
$54.5M
Q2 25
$91.7M
$52.4M
Q1 25
$86.7M
$46.0M
Q4 24
$92.7M
$59.1M
Q3 24
$91.5M
$80.5M
Q2 24
$89.0M
$47.1M
Q1 24
$79.1M
$43.8M
Net Profit
IMAX
IMAX
PBYI
PBYI
Q4 25
$637.0K
Q3 25
$20.7M
$8.8M
Q2 25
$11.3M
$5.9M
Q1 25
$2.3M
$3.0M
Q4 24
$5.3M
Q3 24
$13.9M
$20.3M
Q2 24
$3.6M
$-4.5M
Q1 24
$3.3M
$-4.8M
Gross Margin
IMAX
IMAX
PBYI
PBYI
Q4 25
57.6%
69.3%
Q3 25
63.1%
77.7%
Q2 25
58.5%
76.5%
Q1 25
61.4%
77.1%
Q4 24
52.2%
76.4%
Q3 24
55.8%
63.9%
Q2 24
49.4%
77.4%
Q1 24
59.3%
75.5%
Operating Margin
IMAX
IMAX
PBYI
PBYI
Q4 25
19.3%
22.7%
Q3 25
27.2%
17.6%
Q2 25
15.6%
12.7%
Q1 25
19.3%
8.7%
Q4 24
10.3%
22.6%
Q3 24
21.2%
27.4%
Q2 24
3.2%
-4.6%
Q1 24
15.3%
-5.3%
Net Margin
IMAX
IMAX
PBYI
PBYI
Q4 25
0.5%
Q3 25
19.4%
16.2%
Q2 25
12.3%
11.2%
Q1 25
2.7%
6.5%
Q4 24
5.7%
Q3 24
15.2%
25.2%
Q2 24
4.0%
-9.6%
Q1 24
4.1%
-11.0%
EPS (diluted)
IMAX
IMAX
PBYI
PBYI
Q4 25
$0.02
$0.26
Q3 25
$0.37
$0.17
Q2 25
$0.20
$0.12
Q1 25
$0.04
$0.06
Q4 24
$0.09
$0.40
Q3 24
$0.26
$0.41
Q2 24
$0.07
$-0.09
Q1 24
$0.06
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMAX
IMAX
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$151.2M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$337.9M
$130.3M
Total Assets
$894.0M
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMAX
IMAX
PBYI
PBYI
Q4 25
$151.2M
$97.5M
Q3 25
$143.1M
$94.4M
Q2 25
$109.3M
$96.0M
Q1 25
$97.1M
$93.2M
Q4 24
$100.6M
$101.0M
Q3 24
$104.5M
$96.7M
Q2 24
$91.6M
$96.8M
Q1 24
$81.0M
$107.2M
Total Debt
IMAX
IMAX
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
IMAX
IMAX
PBYI
PBYI
Q4 25
$337.9M
$130.3M
Q3 25
$349.5M
$115.3M
Q2 25
$320.4M
$104.7M
Q1 25
$299.5M
$97.1M
Q4 24
$299.5M
$92.1M
Q3 24
$289.4M
$71.1M
Q2 24
$267.2M
$48.5M
Q1 24
$258.8M
$51.0M
Total Assets
IMAX
IMAX
PBYI
PBYI
Q4 25
$894.0M
$216.3M
Q3 25
$889.6M
$202.9M
Q2 25
$868.6M
$194.9M
Q1 25
$848.3M
$196.2M
Q4 24
$830.4M
$213.3M
Q3 24
$847.6M
$220.7M
Q2 24
$827.4M
$205.0M
Q1 24
$824.1M
$214.1M
Debt / Equity
IMAX
IMAX
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IMAX
IMAX
PBYI
PBYI
Operating Cash FlowLast quarter
$29.4M
$14.4M
Free Cash FlowOCF − Capex
$28.0M
$14.4M
FCF MarginFCF / Revenue
22.3%
19.1%
Capex IntensityCapex / Revenue
1.1%
0.0%
Cash ConversionOCF / Net Profit
46.11×
TTM Free Cash FlowTrailing 4 quarters
$118.9M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMAX
IMAX
PBYI
PBYI
Q4 25
$29.4M
$14.4M
Q3 25
$67.5M
$9.7M
Q2 25
$23.2M
$14.1M
Q1 25
$7.0M
$3.6M
Q4 24
$11.5M
$15.6M
Q3 24
$35.3M
$11.0M
Q2 24
$35.0M
$1.0M
Q1 24
$-11.0M
$11.2M
Free Cash Flow
IMAX
IMAX
PBYI
PBYI
Q4 25
$28.0M
$14.4M
Q3 25
$64.8M
$9.7M
Q2 25
$20.9M
$14.1M
Q1 25
$5.3M
$3.6M
Q4 24
$6.9M
$15.6M
Q3 24
$34.2M
$11.0M
Q2 24
$33.5M
$1.0M
Q1 24
$-12.1M
FCF Margin
IMAX
IMAX
PBYI
PBYI
Q4 25
22.3%
19.1%
Q3 25
60.7%
17.7%
Q2 25
22.8%
26.8%
Q1 25
6.1%
7.7%
Q4 24
7.4%
26.4%
Q3 24
37.3%
13.7%
Q2 24
37.6%
2.1%
Q1 24
-15.3%
Capex Intensity
IMAX
IMAX
PBYI
PBYI
Q4 25
1.1%
0.0%
Q3 25
2.6%
0.0%
Q2 25
2.6%
0.0%
Q1 25
1.9%
0.1%
Q4 24
5.0%
0.0%
Q3 24
1.2%
0.0%
Q2 24
1.8%
0.0%
Q1 24
1.4%
0.0%
Cash Conversion
IMAX
IMAX
PBYI
PBYI
Q4 25
46.11×
Q3 25
3.27×
1.10×
Q2 25
2.06×
2.41×
Q1 25
2.99×
1.21×
Q4 24
2.16×
Q3 24
2.54×
0.54×
Q2 24
9.78×
Q1 24
-3.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IMAX
IMAX

Technology Sales$46.6M37%
Image Enhancement And Maintenance Services$38.1M30%
Joint Revenue Sharing Arrangement$20.4M16%
Maintenance$16.3M13%
Finance Income$2.8M2%
Other Content Solutions$1.6M1%

PBYI
PBYI

Segment breakdown not available.

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