vs
Side-by-side financial comparison of IMAX CORP (IMAX) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $100.0M, roughly 1.3× Latham Group, Inc.). IMAX CORP runs the higher net margin — 0.5% vs -7.0%, a 7.5% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 14.5%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $14.1M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
IMAX vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $100.0M |
| Net Profit | $637.0K | $-7.0M |
| Gross Margin | 57.6% | 28.0% |
| Operating Margin | 19.3% | -10.7% |
| Net Margin | 0.5% | -7.0% |
| Revenue YoY | 35.1% | 14.5% |
| Net Profit YoY | -88.0% | 76.0% |
| EPS (diluted) | $0.02 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $106.7M | $161.9M | ||
| Q2 25 | $91.7M | $172.6M | ||
| Q1 25 | $86.7M | $111.4M | ||
| Q4 24 | $92.7M | $87.3M | ||
| Q3 24 | $91.5M | $150.5M | ||
| Q2 24 | $89.0M | $160.1M | ||
| Q1 24 | $79.1M | $110.6M |
| Q4 25 | $637.0K | $-7.0M | ||
| Q3 25 | $20.7M | $8.1M | ||
| Q2 25 | $11.3M | $16.0M | ||
| Q1 25 | $2.3M | $-6.0M | ||
| Q4 24 | $5.3M | $-29.2M | ||
| Q3 24 | $13.9M | $5.9M | ||
| Q2 24 | $3.6M | $13.3M | ||
| Q1 24 | $3.3M | $-7.9M |
| Q4 25 | 57.6% | 28.0% | ||
| Q3 25 | 63.1% | 35.4% | ||
| Q2 25 | 58.5% | 37.1% | ||
| Q1 25 | 61.4% | 29.5% | ||
| Q4 24 | 52.2% | 24.6% | ||
| Q3 24 | 55.8% | 32.4% | ||
| Q2 24 | 49.4% | 33.1% | ||
| Q1 24 | 59.3% | 27.7% |
| Q4 25 | 19.3% | -10.7% | ||
| Q3 25 | 27.2% | 13.3% | ||
| Q2 25 | 15.6% | 14.3% | ||
| Q1 25 | 19.3% | -4.4% | ||
| Q4 24 | 10.3% | -14.9% | ||
| Q3 24 | 21.2% | 8.9% | ||
| Q2 24 | 3.2% | 12.5% | ||
| Q1 24 | 15.3% | -1.9% |
| Q4 25 | 0.5% | -7.0% | ||
| Q3 25 | 19.4% | 5.0% | ||
| Q2 25 | 12.3% | 9.3% | ||
| Q1 25 | 2.7% | -5.4% | ||
| Q4 24 | 5.7% | -33.4% | ||
| Q3 24 | 15.2% | 3.9% | ||
| Q2 24 | 4.0% | 8.3% | ||
| Q1 24 | 4.1% | -7.1% |
| Q4 25 | $0.02 | $-0.06 | ||
| Q3 25 | $0.37 | $0.07 | ||
| Q2 25 | $0.20 | $0.13 | ||
| Q1 25 | $0.04 | $-0.05 | ||
| Q4 24 | $0.09 | $-0.24 | ||
| Q3 24 | $0.26 | $0.05 | ||
| Q2 24 | $0.07 | $0.11 | ||
| Q1 24 | $0.06 | $-0.07 |
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 | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $337.9M | $405.9M |
| Total Assets | $894.0M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | — | ||
| Q3 25 | $143.1M | — | ||
| Q2 25 | $109.3M | — | ||
| Q1 25 | $97.1M | — | ||
| Q4 24 | $100.6M | — | ||
| Q3 24 | $104.5M | — | ||
| Q2 24 | $91.6M | — | ||
| Q1 24 | $81.0M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $337.9M | $405.9M | ||
| Q3 25 | $349.5M | $408.4M | ||
| Q2 25 | $320.4M | $398.4M | ||
| Q1 25 | $299.5M | $381.1M | ||
| Q4 24 | $299.5M | $387.2M | ||
| Q3 24 | $289.4M | $416.6M | ||
| Q2 24 | $267.2M | $408.1M | ||
| Q1 24 | $258.8M | $391.8M |
| Q4 25 | $894.0M | $823.2M | ||
| Q3 25 | $889.6M | $844.4M | ||
| Q2 25 | $868.6M | $822.1M | ||
| Q1 25 | $848.3M | $824.6M | ||
| Q4 24 | $830.4M | $794.2M | ||
| Q3 24 | $847.6M | $853.4M | ||
| Q2 24 | $827.4M | $830.0M | ||
| Q1 24 | $824.1M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $28.0M | $14.1M |
| FCF MarginFCF / Revenue | 22.3% | 14.1% |
| Capex IntensityCapex / Revenue | 1.1% | 9.2% |
| Cash ConversionOCF / Net Profit | 46.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $23.3M | ||
| Q3 25 | $67.5M | $51.0M | ||
| Q2 25 | $23.2M | $36.0M | ||
| Q1 25 | $7.0M | $-46.9M | ||
| Q4 24 | $11.5M | $6.2M | ||
| Q3 24 | $35.3M | $37.2M | ||
| Q2 24 | $35.0M | $52.4M | ||
| Q1 24 | $-11.0M | $-34.5M |
| Q4 25 | $28.0M | $14.1M | ||
| Q3 25 | $64.8M | $45.2M | ||
| Q2 25 | $20.9M | $29.1M | ||
| Q1 25 | $5.3M | $-50.3M | ||
| Q4 24 | $6.9M | $-98.0K | ||
| Q3 24 | $34.2M | $33.2M | ||
| Q2 24 | $33.5M | $47.9M | ||
| Q1 24 | $-12.1M | $-39.9M |
| Q4 25 | 22.3% | 14.1% | ||
| Q3 25 | 60.7% | 27.9% | ||
| Q2 25 | 22.8% | 16.8% | ||
| Q1 25 | 6.1% | -45.2% | ||
| Q4 24 | 7.4% | -0.1% | ||
| Q3 24 | 37.3% | 22.1% | ||
| Q2 24 | 37.6% | 29.9% | ||
| Q1 24 | -15.3% | -36.0% |
| Q4 25 | 1.1% | 9.2% | ||
| Q3 25 | 2.6% | 3.6% | ||
| Q2 25 | 2.6% | 4.0% | ||
| Q1 25 | 1.9% | 3.1% | ||
| Q4 24 | 5.0% | 7.2% | ||
| Q3 24 | 1.2% | 2.7% | ||
| Q2 24 | 1.8% | 2.8% | ||
| Q1 24 | 1.4% | 4.8% |
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | 6.29× | ||
| Q2 25 | 2.06× | 2.25× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | 6.32× | ||
| Q2 24 | 9.78× | 3.95× | ||
| Q1 24 | -3.35× | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
