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Side-by-side financial comparison of IMAX CORP (IMAX) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $125.2M, roughly 1.1× IMAX CORP). Terreno Realty Corp runs the higher net margin — 115.1% vs 0.5%, a 114.6% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 32.6%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% 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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
IMAX vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $137.5M |
| Net Profit | $637.0K | $158.2M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | — |
| Net Margin | 0.5% | 115.1% |
| Revenue YoY | 35.1% | 32.6% |
| Net Profit YoY | -88.0% | 107.9% |
| EPS (diluted) | $0.02 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $106.7M | $116.2M | ||
| Q2 25 | $91.7M | $112.2M | ||
| Q1 25 | $86.7M | $110.4M | ||
| Q4 24 | $92.7M | $103.7M | ||
| Q3 24 | $91.5M | $99.6M | ||
| Q2 24 | $89.0M | $94.2M | ||
| Q1 24 | $79.1M | $85.0M |
| Q4 25 | $637.0K | $158.2M | ||
| Q3 25 | $20.7M | $103.4M | ||
| Q2 25 | $11.3M | $93.3M | ||
| Q1 25 | $2.3M | $48.1M | ||
| Q4 24 | $5.3M | $76.1M | ||
| Q3 24 | $13.9M | $36.6M | ||
| Q2 24 | $3.6M | $35.7M | ||
| Q1 24 | $3.3M | $36.1M |
| 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% | — | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 15.6% | — | ||
| Q1 25 | 19.3% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 15.3% | — |
| Q4 25 | 0.5% | 115.1% | ||
| Q3 25 | 19.4% | 88.9% | ||
| Q2 25 | 12.3% | 83.1% | ||
| Q1 25 | 2.7% | 43.6% | ||
| Q4 24 | 5.7% | 73.4% | ||
| Q3 24 | 15.2% | 36.8% | ||
| Q2 24 | 4.0% | 37.9% | ||
| Q1 24 | 4.1% | 42.4% |
| Q4 25 | $0.02 | $1.54 | ||
| Q3 25 | $0.37 | $1.00 | ||
| Q2 25 | $0.20 | $0.90 | ||
| Q1 25 | $0.04 | $0.47 | ||
| Q4 24 | $0.09 | $0.78 | ||
| Q3 24 | $0.26 | $0.37 | ||
| Q2 24 | $0.07 | $0.37 | ||
| Q1 24 | $0.06 | $0.40 |
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 | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $337.9M | $4.1B |
| Total Assets | $894.0M | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $25.0M | ||
| Q3 25 | $143.1M | $26.2M | ||
| Q2 25 | $109.3M | $128.4M | ||
| Q1 25 | $97.1M | $156.5M | ||
| Q4 24 | $100.6M | $18.1M | ||
| Q3 24 | $104.5M | $243.7M | ||
| Q2 24 | $91.6M | $182.0M | ||
| Q1 24 | $81.0M | $649.6M |
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $337.9M | $4.1B | ||
| Q3 25 | $349.5M | $4.0B | ||
| Q2 25 | $320.4M | $3.9B | ||
| Q1 25 | $299.5M | $3.9B | ||
| Q4 24 | $299.5M | $3.7B | ||
| Q3 24 | $289.4M | $3.6B | ||
| Q2 24 | $267.2M | $3.4B | ||
| Q1 24 | $258.8M | $3.4B |
| Q4 25 | $894.0M | $5.4B | ||
| Q3 25 | $889.6M | $5.3B | ||
| Q2 25 | $868.6M | $5.0B | ||
| Q1 25 | $848.3M | $4.9B | ||
| Q4 24 | $830.4M | $4.8B | ||
| Q3 24 | $847.6M | $4.6B | ||
| Q2 24 | $827.4M | $4.5B | ||
| Q1 24 | $824.1M | $4.4B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | $271.9M |
| Free Cash FlowOCF − Capex | $28.0M | — |
| FCF MarginFCF / Revenue | 22.3% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 46.11× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $271.9M | ||
| Q3 25 | $67.5M | $79.5M | ||
| Q2 25 | $23.2M | $60.6M | ||
| Q1 25 | $7.0M | $61.4M | ||
| Q4 24 | $11.5M | $232.7M | ||
| Q3 24 | $35.3M | $70.0M | ||
| Q2 24 | $35.0M | $64.3M | ||
| Q1 24 | $-11.0M | $47.0M |
| Q4 25 | $28.0M | — | ||
| Q3 25 | $64.8M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $6.9M | — | ||
| Q3 24 | $34.2M | — | ||
| Q2 24 | $33.5M | — | ||
| Q1 24 | $-12.1M | — |
| Q4 25 | 22.3% | — | ||
| Q3 25 | 60.7% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 37.6% | — | ||
| Q1 24 | -15.3% | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 1.4% | — |
| Q4 25 | 46.11× | 1.72× | ||
| Q3 25 | 3.27× | 0.77× | ||
| Q2 25 | 2.06× | 0.65× | ||
| Q1 25 | 2.99× | 1.28× | ||
| Q4 24 | 2.16× | 3.06× | ||
| Q3 24 | 2.54× | 1.91× | ||
| Q2 24 | 9.78× | 1.80× | ||
| Q1 24 | -3.35× | 1.30× |
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% |
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
