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Side-by-side financial comparison of IMAX CORP (IMAX) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $71.1M, roughly 1.8× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs 0.5%, a 1.5% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $28.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs -4.7%).

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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

IMAX vs RMAX — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.8× larger
IMAX
$125.2M
$71.1M
RMAX
Growing faster (revenue YoY)
IMAX
IMAX
+36.9% gap
IMAX
35.1%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
1.5% more per $
RMAX
2.0%
0.5%
IMAX
More free cash flow
RMAX
RMAX
$5.5M more FCF
RMAX
$33.5M
$28.0M
IMAX
Faster 2-yr revenue CAGR
IMAX
IMAX
Annualised
IMAX
25.8%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMAX
IMAX
RMAX
RMAX
Revenue
$125.2M
$71.1M
Net Profit
$637.0K
$1.4M
Gross Margin
57.6%
Operating Margin
19.3%
13.1%
Net Margin
0.5%
2.0%
Revenue YoY
35.1%
-1.8%
Net Profit YoY
-88.0%
-75.2%
EPS (diluted)
$0.02

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
RMAX
RMAX
Q4 25
$125.2M
$71.1M
Q3 25
$106.7M
$73.2M
Q2 25
$91.7M
$72.8M
Q1 25
$86.7M
$74.5M
Q4 24
$92.7M
$72.5M
Q3 24
$91.5M
$78.5M
Q2 24
$89.0M
$78.5M
Q1 24
$79.1M
$78.3M
Net Profit
IMAX
IMAX
RMAX
RMAX
Q4 25
$637.0K
$1.4M
Q3 25
$20.7M
$4.0M
Q2 25
$11.3M
$4.7M
Q1 25
$2.3M
$-2.0M
Q4 24
$5.3M
$5.8M
Q3 24
$13.9M
$966.0K
Q2 24
$3.6M
$3.7M
Q1 24
$3.3M
$-3.4M
Gross Margin
IMAX
IMAX
RMAX
RMAX
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%
Operating Margin
IMAX
IMAX
RMAX
RMAX
Q4 25
19.3%
13.1%
Q3 25
27.2%
25.0%
Q2 25
15.6%
19.3%
Q1 25
19.3%
7.2%
Q4 24
10.3%
5.9%
Q3 24
21.2%
19.4%
Q2 24
3.2%
20.6%
Q1 24
15.3%
5.8%
Net Margin
IMAX
IMAX
RMAX
RMAX
Q4 25
0.5%
2.0%
Q3 25
19.4%
5.4%
Q2 25
12.3%
6.4%
Q1 25
2.7%
-2.6%
Q4 24
5.7%
8.0%
Q3 24
15.2%
1.2%
Q2 24
4.0%
4.7%
Q1 24
4.1%
-4.3%
EPS (diluted)
IMAX
IMAX
RMAX
RMAX
Q4 25
$0.02
Q3 25
$0.37
Q2 25
$0.20
Q1 25
$0.04
Q4 24
$0.09
Q3 24
$0.26
Q2 24
$0.07
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
IMAX
IMAX
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$151.2M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$337.9M
$452.4M
Total Assets
$894.0M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMAX
IMAX
RMAX
RMAX
Q4 25
$151.2M
$118.7M
Q3 25
$143.1M
$107.5M
Q2 25
$109.3M
$94.3M
Q1 25
$97.1M
$89.1M
Q4 24
$100.6M
$96.6M
Q3 24
$104.5M
$83.8M
Q2 24
$91.6M
$66.1M
Q1 24
$81.0M
$82.1M
Total Debt
IMAX
IMAX
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
IMAX
IMAX
RMAX
RMAX
Q4 25
$337.9M
$452.4M
Q3 25
$349.5M
$448.1M
Q2 25
$320.4M
$442.4M
Q1 25
$299.5M
$433.5M
Q4 24
$299.5M
$429.5M
Q3 24
$289.4M
$423.1M
Q2 24
$267.2M
$418.4M
Q1 24
$258.8M
$412.0M
Total Assets
IMAX
IMAX
RMAX
RMAX
Q4 25
$894.0M
$582.5M
Q3 25
$889.6M
$582.2M
Q2 25
$868.6M
$574.8M
Q1 25
$848.3M
$571.4M
Q4 24
$830.4M
$581.6M
Q3 24
$847.6M
$578.6M
Q2 24
$827.4M
$571.4M
Q1 24
$824.1M
$566.7M
Debt / Equity
IMAX
IMAX
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$29.4M
$40.9M
Free Cash FlowOCF − Capex
$28.0M
$33.5M
FCF MarginFCF / Revenue
22.3%
47.1%
Capex IntensityCapex / Revenue
1.1%
10.4%
Cash ConversionOCF / Net Profit
46.11×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$118.9M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMAX
IMAX
RMAX
RMAX
Q4 25
$29.4M
$40.9M
Q3 25
$67.5M
$17.7M
Q2 25
$23.2M
$4.6M
Q1 25
$7.0M
$5.7M
Q4 24
$11.5M
$59.7M
Q3 24
$35.3M
$17.6M
Q2 24
$35.0M
$15.9M
Q1 24
$-11.0M
$9.4M
Free Cash Flow
IMAX
IMAX
RMAX
RMAX
Q4 25
$28.0M
$33.5M
Q3 25
$64.8M
$16.4M
Q2 25
$20.9M
$2.9M
Q1 25
$5.3M
$4.0M
Q4 24
$6.9M
$53.0M
Q3 24
$34.2M
$16.3M
Q2 24
$33.5M
$14.0M
Q1 24
$-12.1M
$6.8M
FCF Margin
IMAX
IMAX
RMAX
RMAX
Q4 25
22.3%
47.1%
Q3 25
60.7%
22.4%
Q2 25
22.8%
4.0%
Q1 25
6.1%
5.3%
Q4 24
7.4%
73.2%
Q3 24
37.3%
20.8%
Q2 24
37.6%
17.8%
Q1 24
-15.3%
8.6%
Capex Intensity
IMAX
IMAX
RMAX
RMAX
Q4 25
1.1%
10.4%
Q3 25
2.6%
1.8%
Q2 25
2.6%
2.2%
Q1 25
1.9%
2.3%
Q4 24
5.0%
9.1%
Q3 24
1.2%
1.7%
Q2 24
1.8%
2.4%
Q1 24
1.4%
3.3%
Cash Conversion
IMAX
IMAX
RMAX
RMAX
Q4 25
46.11×
28.39×
Q3 25
3.27×
4.45×
Q2 25
2.06×
0.97×
Q1 25
2.99×
Q4 24
2.16×
10.28×
Q3 24
2.54×
18.22×
Q2 24
9.78×
4.29×
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%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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