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Side-by-side financial comparison of IMAX CORP (IMAX) and P10, Inc. (PX). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $81.0M, roughly 1.5× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs 0.5%, a 11.2% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -4.7%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $18.1M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 10.7%).
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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
IMAX vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $81.0M |
| Net Profit | $637.0K | $9.5M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | 31.9% |
| Net Margin | 0.5% | 11.7% |
| Revenue YoY | 35.1% | -4.7% |
| Net Profit YoY | -88.0% | 79.0% |
| EPS (diluted) | $0.02 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $106.7M | $75.9M | ||
| Q2 25 | $91.7M | $72.7M | ||
| Q1 25 | $86.7M | $67.7M | ||
| Q4 24 | $92.7M | $85.0M | ||
| Q3 24 | $91.5M | $74.2M | ||
| Q2 24 | $89.0M | $71.1M | ||
| Q1 24 | $79.1M | $66.1M |
| Q4 25 | $637.0K | $9.5M | ||
| Q3 25 | $20.7M | $2.1M | ||
| Q2 25 | $11.3M | $3.4M | ||
| Q1 25 | $2.3M | $4.5M | ||
| Q4 24 | $5.3M | $5.3M | ||
| Q3 24 | $13.9M | $1.4M | ||
| Q2 24 | $3.6M | $7.0M | ||
| Q1 24 | $3.3M | $5.0M |
| 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 24 | 59.3% | — |
| Q4 25 | 19.3% | 31.9% | ||
| Q3 25 | 27.2% | 14.1% | ||
| Q2 25 | 15.6% | 24.4% | ||
| Q1 25 | 19.3% | 16.6% | ||
| Q4 24 | 10.3% | 26.9% | ||
| Q3 24 | 21.2% | 11.9% | ||
| Q2 24 | 3.2% | 23.7% | ||
| Q1 24 | 15.3% | 18.3% |
| Q4 25 | 0.5% | 11.7% | ||
| Q3 25 | 19.4% | 2.8% | ||
| Q2 25 | 12.3% | 4.7% | ||
| Q1 25 | 2.7% | 6.7% | ||
| Q4 24 | 5.7% | 6.2% | ||
| Q3 24 | 15.2% | 1.9% | ||
| Q2 24 | 4.0% | 9.8% | ||
| Q1 24 | 4.1% | 7.6% |
| Q4 25 | $0.02 | $0.08 | ||
| Q3 25 | $0.37 | $0.02 | ||
| Q2 25 | $0.20 | $0.03 | ||
| Q1 25 | $0.04 | $0.04 | ||
| Q4 24 | $0.09 | $0.05 | ||
| Q3 24 | $0.26 | $0.01 | ||
| Q2 24 | $0.07 | $0.06 | ||
| Q1 24 | $0.06 | $0.04 |
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 | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $337.9M | $403.5M |
| Total Assets | $894.0M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $28.2M | ||
| Q3 25 | $143.1M | $40.0M | ||
| Q2 25 | $109.3M | $33.4M | ||
| Q1 25 | $97.1M | $74.4M | ||
| Q4 24 | $100.6M | $67.5M | ||
| Q3 24 | $104.5M | $61.5M | ||
| Q2 24 | $91.6M | $31.2M | ||
| Q1 24 | $81.0M | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | $337.9M | $403.5M | ||
| Q3 25 | $349.5M | $396.8M | ||
| Q2 25 | $320.4M | $388.9M | ||
| Q1 25 | $299.5M | $374.3M | ||
| Q4 24 | $299.5M | $386.9M | ||
| Q3 24 | $289.4M | $394.1M | ||
| Q2 24 | $267.2M | $396.9M | ||
| Q1 24 | $258.8M | $400.1M |
| Q4 25 | $894.0M | $928.3M | ||
| Q3 25 | $889.6M | $936.0M | ||
| Q2 25 | $868.6M | $932.2M | ||
| Q1 25 | $848.3M | $877.4M | ||
| Q4 24 | $830.4M | $869.3M | ||
| Q3 24 | $847.6M | $857.0M | ||
| Q2 24 | $827.4M | $823.2M | ||
| Q1 24 | $824.1M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $28.0M | $18.1M |
| FCF MarginFCF / Revenue | 22.3% | 22.3% |
| Capex IntensityCapex / Revenue | 1.1% | 6.0% |
| Cash ConversionOCF / Net Profit | 46.11× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $23.0M | ||
| Q3 25 | $67.5M | $-8.6M | ||
| Q2 25 | $23.2M | $13.4M | ||
| Q1 25 | $7.0M | $-4.7M | ||
| Q4 24 | $11.5M | $101.0M | ||
| Q3 24 | $35.3M | $27.5M | ||
| Q2 24 | $35.0M | $34.8M | ||
| Q1 24 | $-11.0M | $11.0M |
| Q4 25 | $28.0M | $18.1M | ||
| Q3 25 | $64.8M | $-9.5M | ||
| Q2 25 | $20.9M | $11.6M | ||
| Q1 25 | $5.3M | $-6.0M | ||
| Q4 24 | $6.9M | $96.6M | ||
| Q3 24 | $34.2M | $25.2M | ||
| Q2 24 | $33.5M | $33.9M | ||
| Q1 24 | $-12.1M | $10.7M |
| Q4 25 | 22.3% | 22.3% | ||
| Q3 25 | 60.7% | -12.6% | ||
| Q2 25 | 22.8% | 15.9% | ||
| Q1 25 | 6.1% | -8.9% | ||
| Q4 24 | 7.4% | 113.6% | ||
| Q3 24 | 37.3% | 34.0% | ||
| Q2 24 | 37.6% | 47.7% | ||
| Q1 24 | -15.3% | 16.2% |
| Q4 25 | 1.1% | 6.0% | ||
| Q3 25 | 2.6% | 1.2% | ||
| Q2 25 | 2.6% | 2.5% | ||
| Q1 25 | 1.9% | 1.9% | ||
| Q4 24 | 5.0% | 5.2% | ||
| Q3 24 | 1.2% | 3.0% | ||
| Q2 24 | 1.8% | 1.3% | ||
| Q1 24 | 1.4% | 0.4% |
| Q4 25 | 46.11× | 2.43× | ||
| Q3 25 | 3.27× | -4.01× | ||
| Q2 25 | 2.06× | 3.96× | ||
| Q1 25 | 2.99× | -1.05× | ||
| Q4 24 | 2.16× | 19.12× | ||
| Q3 24 | 2.54× | 19.54× | ||
| Q2 24 | 9.78× | 4.98× | ||
| Q1 24 | -3.35× | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
