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Side-by-side financial comparison of IMAX CORP (IMAX) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $125.2M, roughly 1.4× IMAX CORP). CVR PARTNERS, LP runs the higher net margin — 27.7% vs 0.5%, a 27.2% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 26.0%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 16.4%).
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.
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
IMAX vs UAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $180.0M |
| Net Profit | $637.0K | $49.9M |
| Gross Margin | 57.6% | 37.5% |
| Operating Margin | 19.3% | 32.0% |
| Net Margin | 0.5% | 27.7% |
| Revenue YoY | 35.1% | 26.0% |
| Net Profit YoY | -88.0% | 84.3% |
| EPS (diluted) | $0.02 | — |
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.
| Q1 26 | — | $180.0M | ||
| Q4 25 | $125.2M | $131.1M | ||
| Q3 25 | $106.7M | $163.5M | ||
| Q2 25 | $91.7M | $168.6M | ||
| Q1 25 | $86.7M | $142.9M | ||
| Q4 24 | $92.7M | $139.6M | ||
| Q3 24 | $91.5M | $125.2M | ||
| Q2 24 | $89.0M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $637.0K | $-10.3M | ||
| Q3 25 | $20.7M | $43.1M | ||
| Q2 25 | $11.3M | $38.8M | ||
| Q1 25 | $2.3M | $27.1M | ||
| Q4 24 | $5.3M | $18.3M | ||
| Q3 24 | $13.9M | $3.8M | ||
| Q2 24 | $3.6M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | 57.6% | 4.4% | ||
| Q3 25 | 63.1% | 37.0% | ||
| Q2 25 | 58.5% | 32.4% | ||
| Q1 25 | 61.4% | 29.7% | ||
| Q4 24 | 52.2% | 23.8% | ||
| Q3 24 | 55.8% | 14.7% | ||
| Q2 24 | 49.4% | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | 19.3% | -2.2% | ||
| Q3 25 | 27.2% | 31.0% | ||
| Q2 25 | 15.6% | 27.5% | ||
| Q1 25 | 19.3% | 24.2% | ||
| Q4 24 | 10.3% | 18.4% | ||
| Q3 24 | 21.2% | 8.8% | ||
| Q2 24 | 3.2% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | 0.5% | -7.8% | ||
| Q3 25 | 19.4% | 26.3% | ||
| Q2 25 | 12.3% | 23.0% | ||
| Q1 25 | 2.7% | 19.0% | ||
| Q4 24 | 5.7% | 13.1% | ||
| Q3 24 | 15.2% | 3.0% | ||
| Q2 24 | 4.0% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.02 | $-0.98 | ||
| Q3 25 | $0.37 | $4.08 | ||
| Q2 25 | $0.20 | $3.67 | ||
| Q1 25 | $0.04 | $2.56 | ||
| Q4 24 | $0.09 | $1.73 | ||
| Q3 24 | $0.26 | $0.36 | ||
| Q2 24 | $0.07 | $2.48 |
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 | $128.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $337.9M | — |
| Total Assets | $894.0M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $151.2M | $69.2M | ||
| Q3 25 | $143.1M | $156.2M | ||
| Q2 25 | $109.3M | $114.4M | ||
| Q1 25 | $97.1M | $121.8M | ||
| Q4 24 | $100.6M | $90.9M | ||
| Q3 24 | $104.5M | $110.5M | ||
| Q2 24 | $91.6M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $569.1M | ||
| Q3 25 | — | $569.1M | ||
| Q2 25 | — | $569.2M | ||
| Q1 25 | — | $569.3M | ||
| Q4 24 | — | $568.0M | ||
| Q3 24 | — | $547.7M | ||
| Q2 24 | — | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $337.9M | — | ||
| Q3 25 | $349.5M | — | ||
| Q2 25 | $320.4M | — | ||
| Q1 25 | $299.5M | — | ||
| Q4 24 | $299.5M | — | ||
| Q3 24 | $289.4M | — | ||
| Q2 24 | $267.2M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $894.0M | $969.5M | ||
| Q3 25 | $889.6M | $1.0B | ||
| Q2 25 | $868.6M | $998.0M | ||
| Q1 25 | $848.3M | $1.0B | ||
| Q4 24 | $830.4M | $1.0B | ||
| Q3 24 | $847.6M | $986.6M | ||
| Q2 24 | $827.4M | $959.4M |
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 | — |
| Free Cash FlowOCF − Capex | $28.0M | — |
| FCF MarginFCF / Revenue | 22.3% | — |
| Capex IntensityCapex / Revenue | 1.1% | 7.6% |
| Cash ConversionOCF / Net Profit | 46.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $-21.6M | ||
| Q3 25 | $67.5M | $91.7M | ||
| Q2 25 | $23.2M | $24.1M | ||
| Q1 25 | $7.0M | $55.4M | ||
| Q4 24 | $11.5M | $12.8M | ||
| Q3 24 | $35.3M | $86.7M | ||
| Q2 24 | $35.0M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $28.0M | $-45.2M | ||
| Q3 25 | $64.8M | $80.1M | ||
| Q2 25 | $20.9M | $18.4M | ||
| Q1 25 | $5.3M | $45.5M | ||
| Q4 24 | $6.9M | $-5.6M | ||
| Q3 24 | $34.2M | $82.3M | ||
| Q2 24 | $33.5M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | -34.5% | ||
| Q3 25 | 60.7% | 49.0% | ||
| Q2 25 | 22.8% | 10.9% | ||
| Q1 25 | 6.1% | 31.9% | ||
| Q4 24 | 7.4% | -4.0% | ||
| Q3 24 | 37.3% | 65.7% | ||
| Q2 24 | 37.6% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 1.1% | 18.0% | ||
| Q3 25 | 2.6% | 7.1% | ||
| Q2 25 | 2.6% | 3.4% | ||
| Q1 25 | 1.9% | 6.9% | ||
| Q4 24 | 5.0% | 13.1% | ||
| Q3 24 | 1.2% | 3.6% | ||
| Q2 24 | 1.8% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | 2.13× | ||
| Q2 25 | 2.06× | 0.62× | ||
| Q1 25 | 2.99× | 2.04× | ||
| Q4 24 | 2.16× | 0.70× | ||
| Q3 24 | 2.54× | 22.78× | ||
| Q2 24 | 9.78× | 0.33× |
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% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
