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Side-by-side financial comparison of IMAX CORP (IMAX) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($161.1M vs $125.2M, roughly 1.3× IMAX CORP). TREX CO INC runs the higher net margin — 1.4% vs 0.5%, a 0.9% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -3.9%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $22.1M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs -34.3%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
IMAX vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $161.1M |
| Net Profit | $637.0K | $2.3M |
| Gross Margin | 57.6% | 30.2% |
| Operating Margin | 19.3% | 2.2% |
| Net Margin | 0.5% | 1.4% |
| Revenue YoY | 35.1% | -3.9% |
| Net Profit YoY | -88.0% | -76.4% |
| EPS (diluted) | $0.02 | $0.03 |
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 | $161.1M | ||
| Q3 25 | $106.7M | $285.3M | ||
| Q2 25 | $91.7M | $387.8M | ||
| Q1 25 | $86.7M | $340.0M | ||
| Q4 24 | $92.7M | $167.6M | ||
| Q3 24 | $91.5M | $233.7M | ||
| Q2 24 | $89.0M | $376.5M | ||
| Q1 24 | $79.1M | $373.6M |
| Q4 25 | $637.0K | $2.3M | ||
| Q3 25 | $20.7M | $51.8M | ||
| Q2 25 | $11.3M | $75.9M | ||
| Q1 25 | $2.3M | $60.4M | ||
| Q4 24 | $5.3M | $9.8M | ||
| Q3 24 | $13.9M | $40.6M | ||
| Q2 24 | $3.6M | $87.0M | ||
| Q1 24 | $3.3M | $89.1M |
| Q4 25 | 57.6% | 30.2% | ||
| Q3 25 | 63.1% | 40.5% | ||
| Q2 25 | 58.5% | 40.8% | ||
| Q1 25 | 61.4% | 40.5% | ||
| Q4 24 | 52.2% | 32.7% | ||
| Q3 24 | 55.8% | 39.9% | ||
| Q2 24 | 49.4% | 44.7% | ||
| Q1 24 | 59.3% | 45.4% |
| Q4 25 | 19.3% | 2.2% | ||
| Q3 25 | 27.2% | 24.7% | ||
| Q2 25 | 15.6% | 26.4% | ||
| Q1 25 | 19.3% | 24.0% | ||
| Q4 24 | 10.3% | 9.2% | ||
| Q3 24 | 21.2% | 23.2% | ||
| Q2 24 | 3.2% | 31.1% | ||
| Q1 24 | 15.3% | 31.9% |
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 19.4% | 18.1% | ||
| Q2 25 | 12.3% | 19.6% | ||
| Q1 25 | 2.7% | 17.8% | ||
| Q4 24 | 5.7% | 5.8% | ||
| Q3 24 | 15.2% | 17.4% | ||
| Q2 24 | 4.0% | 23.1% | ||
| Q1 24 | 4.1% | 23.8% |
| Q4 25 | $0.02 | $0.03 | ||
| Q3 25 | $0.37 | $0.48 | ||
| Q2 25 | $0.20 | $0.71 | ||
| Q1 25 | $0.04 | $0.56 | ||
| Q4 24 | $0.09 | $0.10 | ||
| Q3 24 | $0.26 | $0.37 | ||
| Q2 24 | $0.07 | $0.80 | ||
| Q1 24 | $0.06 | $0.82 |
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 | $3.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $337.9M | $1.0B |
| Total Assets | $894.0M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $3.8M | ||
| Q3 25 | $143.1M | $11.4M | ||
| Q2 25 | $109.3M | $5.5M | ||
| Q1 25 | $97.1M | $5.0M | ||
| Q4 24 | $100.6M | $1.3M | ||
| Q3 24 | $104.5M | $12.8M | ||
| Q2 24 | $91.6M | $1.2M | ||
| Q1 24 | $81.0M | $3.1M |
| Q4 25 | $337.9M | $1.0B | ||
| Q3 25 | $349.5M | $1.0B | ||
| Q2 25 | $320.4M | $989.3M | ||
| Q1 25 | $299.5M | $910.1M | ||
| Q4 24 | $299.5M | $850.1M | ||
| Q3 24 | $289.4M | $887.9M | ||
| Q2 24 | $267.2M | $894.9M | ||
| Q1 24 | $258.8M | $804.1M |
| Q4 25 | $894.0M | $1.5B | ||
| Q3 25 | $889.6M | $1.5B | ||
| Q2 25 | $868.6M | $1.5B | ||
| Q1 25 | $848.3M | $1.6B | ||
| Q4 24 | $830.4M | $1.3B | ||
| Q3 24 | $847.6M | $1.3B | ||
| Q2 24 | $827.4M | $1.3B | ||
| Q1 24 | $824.1M | $1.3B |
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 | $65.5M |
| Free Cash FlowOCF − Capex | $28.0M | $22.1M |
| FCF MarginFCF / Revenue | 22.3% | 13.7% |
| Capex IntensityCapex / Revenue | 1.1% | 26.9% |
| Cash ConversionOCF / Net Profit | 46.11× | 28.45× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $134.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $65.5M | ||
| Q3 25 | $67.5M | $196.9M | ||
| Q2 25 | $23.2M | $249.8M | ||
| Q1 25 | $7.0M | $-154.0M | ||
| Q4 24 | $11.5M | $-8.5M | ||
| Q3 24 | $35.3M | $132.8M | ||
| Q2 24 | $35.0M | $193.7M | ||
| Q1 24 | $-11.0M | $-174.0M |
| Q4 25 | $28.0M | $22.1M | ||
| Q3 25 | $64.8M | $142.9M | ||
| Q2 25 | $20.9M | $203.0M | ||
| Q1 25 | $5.3M | $-233.5M | ||
| Q4 24 | $6.9M | $-89.3M | ||
| Q3 24 | $34.2M | $54.5M | ||
| Q2 24 | $33.5M | $158.2M | ||
| Q1 24 | $-12.1M | $-211.8M |
| Q4 25 | 22.3% | 13.7% | ||
| Q3 25 | 60.7% | 50.1% | ||
| Q2 25 | 22.8% | 52.3% | ||
| Q1 25 | 6.1% | -68.7% | ||
| Q4 24 | 7.4% | -53.3% | ||
| Q3 24 | 37.3% | 23.3% | ||
| Q2 24 | 37.6% | 42.0% | ||
| Q1 24 | -15.3% | -56.7% |
| Q4 25 | 1.1% | 26.9% | ||
| Q3 25 | 2.6% | 18.9% | ||
| Q2 25 | 2.6% | 12.1% | ||
| Q1 25 | 1.9% | 23.4% | ||
| Q4 24 | 5.0% | 48.2% | ||
| Q3 24 | 1.2% | 33.5% | ||
| Q2 24 | 1.8% | 9.4% | ||
| Q1 24 | 1.4% | 10.1% |
| Q4 25 | 46.11× | 28.45× | ||
| Q3 25 | 3.27× | 3.80× | ||
| Q2 25 | 2.06× | 3.29× | ||
| Q1 25 | 2.99× | -2.55× | ||
| Q4 24 | 2.16× | -0.87× | ||
| Q3 24 | 2.54× | 3.27× | ||
| Q2 24 | 9.78× | 2.23× | ||
| Q1 24 | -3.35× | -1.95× |
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% |
TREX
Segment breakdown not available.
