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Side-by-side financial comparison of IMAX CORP (IMAX) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $103.6M, roughly 1.2× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 0.5%, a 9.8% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 21.0%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
IMAX vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $103.6M |
| Net Profit | $637.0K | $10.6M |
| Gross Margin | 57.6% | 78.2% |
| Operating Margin | 19.3% | 18.1% |
| Net Margin | 0.5% | 10.3% |
| Revenue YoY | 35.1% | 21.0% |
| Net Profit YoY | -88.0% | 9.4% |
| EPS (diluted) | $0.02 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $106.7M | $85.8M | ||
| Q2 25 | $91.7M | $78.9M | ||
| Q1 25 | $86.7M | $61.3M | ||
| Q4 24 | $92.7M | $85.6M | ||
| Q3 24 | $91.5M | $73.1M | ||
| Q2 24 | $89.0M | $73.2M | ||
| Q1 24 | $79.1M | $61.1M |
| Q4 25 | $637.0K | $10.6M | ||
| Q3 25 | $20.7M | $8.2M | ||
| Q2 25 | $11.3M | $3.2M | ||
| Q1 25 | $2.3M | $-3.0M | ||
| Q4 24 | $5.3M | $9.7M | ||
| Q3 24 | $13.9M | $5.2M | ||
| Q2 24 | $3.6M | $4.3M | ||
| Q1 24 | $3.3M | $-2.2M |
| Q4 25 | 57.6% | 78.2% | ||
| Q3 25 | 63.1% | 75.8% | ||
| Q2 25 | 58.5% | 74.5% | ||
| Q1 25 | 61.4% | 74.0% | ||
| Q4 24 | 52.2% | 75.2% | ||
| Q3 24 | 55.8% | 75.0% | ||
| Q2 24 | 49.4% | 73.9% | ||
| Q1 24 | 59.3% | 71.1% |
| Q4 25 | 19.3% | 18.1% | ||
| Q3 25 | 27.2% | 12.8% | ||
| Q2 25 | 15.6% | 5.2% | ||
| Q1 25 | 19.3% | -7.4% | ||
| Q4 24 | 10.3% | 14.6% | ||
| Q3 24 | 21.2% | 9.3% | ||
| Q2 24 | 3.2% | 8.0% | ||
| Q1 24 | 15.3% | -4.9% |
| Q4 25 | 0.5% | 10.3% | ||
| Q3 25 | 19.4% | 9.6% | ||
| Q2 25 | 12.3% | 4.1% | ||
| Q1 25 | 2.7% | -4.9% | ||
| Q4 24 | 5.7% | 11.4% | ||
| Q3 24 | 15.2% | 7.1% | ||
| Q2 24 | 4.0% | 5.9% | ||
| Q1 24 | 4.1% | -3.6% |
| Q4 25 | $0.02 | $0.45 | ||
| Q3 25 | $0.37 | $0.36 | ||
| Q2 25 | $0.20 | $0.14 | ||
| Q1 25 | $0.04 | $-0.13 | ||
| Q4 24 | $0.09 | $0.40 | ||
| Q3 24 | $0.26 | $0.21 | ||
| Q2 24 | $0.07 | $0.18 | ||
| Q1 24 | $0.06 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $337.9M | $218.9M |
| Total Assets | $894.0M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $83.4M | ||
| Q3 25 | $143.1M | $66.0M | ||
| Q2 25 | $109.3M | $81.5M | ||
| Q1 25 | $97.1M | $83.6M | ||
| Q4 24 | $100.6M | $94.4M | ||
| Q3 24 | $104.5M | $82.1M | ||
| Q2 24 | $91.6M | $73.6M | ||
| Q1 24 | $81.0M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $337.9M | $218.9M | ||
| Q3 25 | $349.5M | $204.9M | ||
| Q2 25 | $320.4M | $194.9M | ||
| Q1 25 | $299.5M | $205.6M | ||
| Q4 24 | $299.5M | $216.6M | ||
| Q3 24 | $289.4M | $207.9M | ||
| Q2 24 | $267.2M | $200.7M | ||
| Q1 24 | $258.8M | $193.5M |
| Q4 25 | $894.0M | $273.9M | ||
| Q3 25 | $889.6M | $259.2M | ||
| Q2 25 | $868.6M | $273.0M | ||
| Q1 25 | $848.3M | $280.2M | ||
| Q4 24 | $830.4M | $297.9M | ||
| Q3 24 | $847.6M | $287.7M | ||
| Q2 24 | $827.4M | $278.8M | ||
| Q1 24 | $824.1M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $28.0M | $16.8M |
| FCF MarginFCF / Revenue | 22.3% | 16.2% |
| Capex IntensityCapex / Revenue | 1.1% | 0.5% |
| Cash ConversionOCF / Net Profit | 46.11× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $17.3M | ||
| Q3 25 | $67.5M | $10.3M | ||
| Q2 25 | $23.2M | $14.8M | ||
| Q1 25 | $7.0M | $417.0K | ||
| Q4 24 | $11.5M | $16.3M | ||
| Q3 24 | $35.3M | $10.3M | ||
| Q2 24 | $35.0M | $13.1M | ||
| Q1 24 | $-11.0M | $924.0K |
| Q4 25 | $28.0M | $16.8M | ||
| Q3 25 | $64.8M | $9.2M | ||
| Q2 25 | $20.9M | $14.4M | ||
| Q1 25 | $5.3M | $38.0K | ||
| Q4 24 | $6.9M | $15.9M | ||
| Q3 24 | $34.2M | $9.3M | ||
| Q2 24 | $33.5M | $12.6M | ||
| Q1 24 | $-12.1M | $442.0K |
| Q4 25 | 22.3% | 16.2% | ||
| Q3 25 | 60.7% | 10.8% | ||
| Q2 25 | 22.8% | 18.2% | ||
| Q1 25 | 6.1% | 0.1% | ||
| Q4 24 | 7.4% | 18.5% | ||
| Q3 24 | 37.3% | 12.7% | ||
| Q2 24 | 37.6% | 17.3% | ||
| Q1 24 | -15.3% | 0.7% |
| Q4 25 | 1.1% | 0.5% | ||
| Q3 25 | 2.6% | 1.3% | ||
| Q2 25 | 2.6% | 0.5% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 5.0% | 0.5% | ||
| Q3 24 | 1.2% | 1.3% | ||
| Q2 24 | 1.8% | 0.7% | ||
| Q1 24 | 1.4% | 0.8% |
| Q4 25 | 46.11× | 1.63× | ||
| Q3 25 | 3.27× | 1.26× | ||
| Q2 25 | 2.06× | 4.59× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | 1.68× | ||
| Q3 24 | 2.54× | 1.99× | ||
| Q2 24 | 9.78× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
