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Side-by-side financial comparison of IMAX CORP (IMAX) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $87.9M, roughly 1.4× UNITED STATES LIME & MINERALS INC). UNITED STATES LIME & MINERALS INC runs the higher net margin — 34.7% vs 0.5%, a 34.2% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 9.8%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $25.7M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 10.8%).

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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

IMAX vs USLM — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.4× larger
IMAX
$125.2M
$87.9M
USLM
Growing faster (revenue YoY)
IMAX
IMAX
+25.3% gap
IMAX
35.1%
9.8%
USLM
Higher net margin
USLM
USLM
34.2% more per $
USLM
34.7%
0.5%
IMAX
More free cash flow
IMAX
IMAX
$2.3M more FCF
IMAX
$28.0M
$25.7M
USLM
Faster 2-yr revenue CAGR
IMAX
IMAX
Annualised
IMAX
25.8%
10.8%
USLM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMAX
IMAX
USLM
USLM
Revenue
$125.2M
$87.9M
Net Profit
$637.0K
$30.5M
Gross Margin
57.6%
48.0%
Operating Margin
19.3%
41.0%
Net Margin
0.5%
34.7%
Revenue YoY
35.1%
9.8%
Net Profit YoY
-88.0%
13.2%
EPS (diluted)
$0.02
$1.06

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.

Revenue
IMAX
IMAX
USLM
USLM
Q4 25
$125.2M
$87.9M
Q3 25
$106.7M
$102.0M
Q2 25
$91.7M
$91.5M
Q1 25
$86.7M
$91.3M
Q4 24
$92.7M
$80.1M
Q3 24
$91.5M
$89.4M
Q2 24
$89.0M
$76.5M
Q1 24
$79.1M
$71.7M
Net Profit
IMAX
IMAX
USLM
USLM
Q4 25
$637.0K
$30.5M
Q3 25
$20.7M
$38.8M
Q2 25
$11.3M
$30.8M
Q1 25
$2.3M
$34.1M
Q4 24
$5.3M
$27.0M
Q3 24
$13.9M
$33.4M
Q2 24
$3.6M
$26.1M
Q1 24
$3.3M
$22.4M
Gross Margin
IMAX
IMAX
USLM
USLM
Q4 25
57.6%
48.0%
Q3 25
63.1%
51.2%
Q2 25
58.5%
45.8%
Q1 25
61.4%
50.6%
Q4 24
52.2%
44.3%
Q3 24
55.8%
48.2%
Q2 24
49.4%
45.5%
Q1 24
59.3%
42.7%
Operating Margin
IMAX
IMAX
USLM
USLM
Q4 25
19.3%
41.0%
Q3 25
27.2%
45.3%
Q2 25
15.6%
39.0%
Q1 25
19.3%
43.7%
Q4 24
10.3%
38.8%
Q3 24
21.2%
42.6%
Q2 24
3.2%
39.1%
Q1 24
15.3%
35.9%
Net Margin
IMAX
IMAX
USLM
USLM
Q4 25
0.5%
34.7%
Q3 25
19.4%
38.0%
Q2 25
12.3%
33.7%
Q1 25
2.7%
37.4%
Q4 24
5.7%
33.7%
Q3 24
15.2%
37.3%
Q2 24
4.0%
34.0%
Q1 24
4.1%
31.3%
EPS (diluted)
IMAX
IMAX
USLM
USLM
Q4 25
$0.02
$1.06
Q3 25
$0.37
$1.35
Q2 25
$0.20
$1.07
Q1 25
$0.04
$1.19
Q4 24
$0.09
$-2.20
Q3 24
$0.26
$1.16
Q2 24
$0.07
$0.91
Q1 24
$0.06
$3.92

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMAX
IMAX
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$151.2M
$371.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$337.9M
$630.8M
Total Assets
$894.0M
$681.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMAX
IMAX
USLM
USLM
Q4 25
$151.2M
$371.1M
Q3 25
$143.1M
$349.5M
Q2 25
$109.3M
$319.9M
Q1 25
$97.1M
$300.6M
Q4 24
$100.6M
$278.0M
Q3 24
$104.5M
$255.0M
Q2 24
$91.6M
$222.5M
Q1 24
$81.0M
$207.0M
Total Debt
IMAX
IMAX
USLM
USLM
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
IMAX
IMAX
USLM
USLM
Q4 25
$337.9M
$630.8M
Q3 25
$349.5M
$602.3M
Q2 25
$320.4M
$563.3M
Q1 25
$299.5M
$532.2M
Q4 24
$299.5M
$497.7M
Q3 24
$289.4M
$474.2M
Q2 24
$267.2M
$441.1M
Q1 24
$258.8M
$415.3M
Total Assets
IMAX
IMAX
USLM
USLM
Q4 25
$894.0M
$681.0M
Q3 25
$889.6M
$652.8M
Q2 25
$868.6M
$607.4M
Q1 25
$848.3M
$585.3M
Q4 24
$830.4M
$543.2M
Q3 24
$847.6M
$521.8M
Q2 24
$827.4M
$484.2M
Q1 24
$824.1M
$464.0M
Debt / Equity
IMAX
IMAX
USLM
USLM
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IMAX
IMAX
USLM
USLM
Operating Cash FlowLast quarter
$29.4M
$45.6M
Free Cash FlowOCF − Capex
$28.0M
$25.7M
FCF MarginFCF / Revenue
22.3%
29.2%
Capex IntensityCapex / Revenue
1.1%
22.6%
Cash ConversionOCF / Net Profit
46.11×
1.49×
TTM Free Cash FlowTrailing 4 quarters
$118.9M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMAX
IMAX
USLM
USLM
Q4 25
$29.4M
$45.6M
Q3 25
$67.5M
$45.9M
Q2 25
$23.2M
$34.0M
Q1 25
$7.0M
$39.4M
Q4 24
$11.5M
$38.6M
Q3 24
$35.3M
$39.0M
Q2 24
$35.0M
$21.2M
Q1 24
$-11.0M
$27.2M
Free Cash Flow
IMAX
IMAX
USLM
USLM
Q4 25
$28.0M
$25.7M
Q3 25
$64.8M
$31.3M
Q2 25
$20.9M
$20.8M
Q1 25
$5.3M
$24.6M
Q4 24
$6.9M
$27.6M
Q3 24
$34.2M
$33.9M
Q2 24
$33.5M
$16.8M
Q1 24
$-12.1M
$20.3M
FCF Margin
IMAX
IMAX
USLM
USLM
Q4 25
22.3%
29.2%
Q3 25
60.7%
30.7%
Q2 25
22.8%
22.7%
Q1 25
6.1%
26.9%
Q4 24
7.4%
34.4%
Q3 24
37.3%
37.9%
Q2 24
37.6%
21.9%
Q1 24
-15.3%
28.4%
Capex Intensity
IMAX
IMAX
USLM
USLM
Q4 25
1.1%
22.6%
Q3 25
2.6%
14.4%
Q2 25
2.6%
14.5%
Q1 25
1.9%
16.3%
Q4 24
5.0%
13.8%
Q3 24
1.2%
5.8%
Q2 24
1.8%
5.7%
Q1 24
1.4%
9.5%
Cash Conversion
IMAX
IMAX
USLM
USLM
Q4 25
46.11×
1.49×
Q3 25
3.27×
1.18×
Q2 25
2.06×
1.10×
Q1 25
2.99×
1.16×
Q4 24
2.16×
1.43×
Q3 24
2.54×
1.17×
Q2 24
9.78×
0.81×
Q1 24
-3.35×
1.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IMAX
IMAX

Technology Sales$46.6M37%
Image Enhancement And Maintenance Services$38.1M30%
Joint Revenue Sharing Arrangement$20.4M16%
Maintenance$16.3M13%
Finance Income$2.8M2%
Other Content Solutions$1.6M1%

USLM
USLM

Segment breakdown not available.

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