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Side-by-side financial comparison of IMAX CORP (IMAX) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $91.6M, roughly 1.4× SHENANDOAH TELECOMMUNICATIONS CO). IMAX CORP runs the higher net margin — 0.5% vs -5.9%, a 6.4% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 7.2%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-78.6M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 15.0%).
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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
IMAX vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $91.6M |
| Net Profit | $637.0K | $-5.4M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | -1.0% |
| Net Margin | 0.5% | -5.9% |
| Revenue YoY | 35.1% | 7.2% |
| Net Profit YoY | -88.0% | -95.8% |
| EPS (diluted) | $0.02 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $106.7M | $89.8M | ||
| Q2 25 | $91.7M | $88.6M | ||
| Q1 25 | $86.7M | $87.9M | ||
| Q4 24 | $92.7M | $85.4M | ||
| Q3 24 | $91.5M | $87.6M | ||
| Q2 24 | $89.0M | $85.8M | ||
| Q1 24 | $79.1M | $69.2M |
| Q4 25 | $637.0K | $-5.4M | ||
| Q3 25 | $20.7M | $-9.4M | ||
| Q2 25 | $11.3M | $-9.0M | ||
| Q1 25 | $2.3M | $-9.1M | ||
| Q4 24 | $5.3M | $-2.7M | ||
| Q3 24 | $13.9M | $-5.3M | ||
| Q2 24 | $3.6M | $-12.9M | ||
| Q1 24 | $3.3M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | 27.2% | -8.0% | ||
| Q2 25 | 15.6% | -10.3% | ||
| Q1 25 | 19.3% | -6.9% | ||
| Q4 24 | 10.3% | -6.7% | ||
| Q3 24 | 21.2% | -4.8% | ||
| Q2 24 | 3.2% | -18.5% | ||
| Q1 24 | 15.3% | -4.0% |
| Q4 25 | 0.5% | -5.9% | ||
| Q3 25 | 19.4% | -10.5% | ||
| Q2 25 | 12.3% | -10.2% | ||
| Q1 25 | 2.7% | -10.4% | ||
| Q4 24 | 5.7% | -3.2% | ||
| Q3 24 | 15.2% | -6.0% | ||
| Q2 24 | 4.0% | -15.0% | ||
| Q1 24 | 4.1% | 310.0% |
| Q4 25 | $0.02 | $-0.13 | ||
| Q3 25 | $0.37 | $-0.20 | ||
| Q2 25 | $0.20 | $-0.19 | ||
| Q1 25 | $0.04 | $-0.19 | ||
| Q4 24 | $0.09 | $-0.34 | ||
| Q3 24 | $0.26 | $-0.13 | ||
| Q2 24 | $0.07 | $-0.24 | ||
| Q1 24 | $0.06 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $337.9M | $880.8M |
| Total Assets | $894.0M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $27.3M | ||
| Q3 25 | $143.1M | $22.6M | ||
| Q2 25 | $109.3M | $29.1M | ||
| Q1 25 | $97.1M | $87.5M | ||
| Q4 24 | $100.6M | $46.3M | ||
| Q3 24 | $104.5M | $43.1M | ||
| Q2 24 | $91.6M | $43.8M | ||
| Q1 24 | $81.0M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $337.9M | $880.8M | ||
| Q3 25 | $349.5M | $892.7M | ||
| Q2 25 | $320.4M | $902.0M | ||
| Q1 25 | $299.5M | $910.5M | ||
| Q4 24 | $299.5M | $918.6M | ||
| Q3 24 | $289.4M | $925.4M | ||
| Q2 24 | $267.2M | $933.1M | ||
| Q1 24 | $258.8M | $871.6M |
| Q4 25 | $894.0M | $1.9B | ||
| Q3 25 | $889.6M | $1.9B | ||
| Q2 25 | $868.6M | $1.8B | ||
| Q1 25 | $848.3M | $1.8B | ||
| Q4 24 | $830.4M | $1.7B | ||
| Q3 24 | $847.6M | $1.7B | ||
| Q2 24 | $827.4M | $1.7B | ||
| Q1 24 | $824.1M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $28.0M | $-78.6M |
| FCF MarginFCF / Revenue | 22.3% | -85.8% |
| Capex IntensityCapex / Revenue | 1.1% | 117.2% |
| Cash ConversionOCF / Net Profit | 46.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $28.8M | ||
| Q3 25 | $67.5M | $30.7M | ||
| Q2 25 | $23.2M | $20.9M | ||
| Q1 25 | $7.0M | $20.5M | ||
| Q4 24 | $11.5M | $20.6M | ||
| Q3 24 | $35.3M | $24.3M | ||
| Q2 24 | $35.0M | $2.5M | ||
| Q1 24 | $-11.0M | $15.2M |
| Q4 25 | $28.0M | $-78.6M | ||
| Q3 25 | $64.8M | $-51.4M | ||
| Q2 25 | $20.9M | $-65.3M | ||
| Q1 25 | $5.3M | $-62.7M | ||
| Q4 24 | $6.9M | $-72.0M | ||
| Q3 24 | $34.2M | $-51.3M | ||
| Q2 24 | $33.5M | $-78.3M | ||
| Q1 24 | $-12.1M | $-54.9M |
| Q4 25 | 22.3% | -85.8% | ||
| Q3 25 | 60.7% | -57.2% | ||
| Q2 25 | 22.8% | -73.7% | ||
| Q1 25 | 6.1% | -71.3% | ||
| Q4 24 | 7.4% | -84.3% | ||
| Q3 24 | 37.3% | -58.5% | ||
| Q2 24 | 37.6% | -91.3% | ||
| Q1 24 | -15.3% | -79.3% |
| Q4 25 | 1.1% | 117.2% | ||
| Q3 25 | 2.6% | 91.4% | ||
| Q2 25 | 2.6% | 97.3% | ||
| Q1 25 | 1.9% | 94.7% | ||
| Q4 24 | 5.0% | 108.4% | ||
| Q3 24 | 1.2% | 86.2% | ||
| Q2 24 | 1.8% | 94.2% | ||
| Q1 24 | 1.4% | 101.2% |
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 9.78× | — | ||
| Q1 24 | -3.35× | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
