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Side-by-side financial comparison of IMAX CORP (IMAX) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($208.0M vs $125.2M, roughly 1.7× IMAX CORP). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 0.5%, a 15.8% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -10.9%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-74.1M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
IMAX vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $208.0M |
| Net Profit | $637.0K | $33.9M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | 19.1% |
| Net Margin | 0.5% | 16.3% |
| Revenue YoY | 35.1% | -10.9% |
| Net Profit YoY | -88.0% | -14.2% |
| EPS (diluted) | $0.02 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $106.7M | $216.4M | ||
| Q2 25 | $91.7M | $210.5M | ||
| Q1 25 | $86.7M | $217.9M | ||
| Q4 24 | $92.7M | $233.5M | ||
| Q3 24 | $91.5M | $227.0M | ||
| Q2 24 | $89.0M | $224.4M | ||
| Q1 24 | $79.1M | $222.0M |
| Q4 25 | $637.0K | $33.9M | ||
| Q3 25 | $20.7M | $31.3M | ||
| Q2 25 | $11.3M | $42.7M | ||
| Q1 25 | $2.3M | $28.1M | ||
| Q4 24 | $5.3M | $39.5M | ||
| Q3 24 | $13.9M | $49.1M | ||
| Q2 24 | $3.6M | $26.0M | ||
| Q1 24 | $3.3M | $37.9M |
| 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% | 19.1% | ||
| Q3 25 | 27.2% | 21.7% | ||
| Q2 25 | 15.6% | 21.5% | ||
| Q1 25 | 19.3% | 16.8% | ||
| Q4 24 | 10.3% | 21.7% | ||
| Q3 24 | 21.2% | 24.3% | ||
| Q2 24 | 3.2% | 19.7% | ||
| Q1 24 | 15.3% | 14.5% |
| Q4 25 | 0.5% | 16.3% | ||
| Q3 25 | 19.4% | 14.5% | ||
| Q2 25 | 12.3% | 20.3% | ||
| Q1 25 | 2.7% | 12.9% | ||
| Q4 24 | 5.7% | 16.9% | ||
| Q3 24 | 15.2% | 21.6% | ||
| Q2 24 | 4.0% | 11.6% | ||
| Q1 24 | 4.1% | 17.1% |
| Q4 25 | $0.02 | $5.15 | ||
| Q3 25 | $0.37 | $4.65 | ||
| Q2 25 | $0.20 | $6.12 | ||
| Q1 25 | $0.04 | $4.05 | ||
| Q4 24 | $0.09 | $4.65 | ||
| Q3 24 | $0.26 | $5.71 | ||
| Q2 24 | $0.07 | $2.43 | ||
| Q1 24 | $0.06 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $337.9M | $934.0M |
| Total Assets | $894.0M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | — | ||
| Q3 25 | $143.1M | — | ||
| Q2 25 | $109.3M | — | ||
| Q1 25 | $97.1M | — | ||
| Q4 24 | $100.6M | — | ||
| Q3 24 | $104.5M | — | ||
| Q2 24 | $91.6M | — | ||
| Q1 24 | $81.0M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $337.9M | $934.0M | ||
| Q3 25 | $349.5M | $918.7M | ||
| Q2 25 | $320.4M | $896.4M | ||
| Q1 25 | $299.5M | $893.7M | ||
| Q4 24 | $299.5M | $897.5M | ||
| Q3 24 | $289.4M | $889.0M | ||
| Q2 24 | $267.2M | $868.7M | ||
| Q1 24 | $258.8M | $871.7M |
| Q4 25 | $894.0M | $4.3B | ||
| Q3 25 | $889.6M | $3.9B | ||
| Q2 25 | $868.6M | $3.7B | ||
| Q1 25 | $848.3M | $3.7B | ||
| Q4 24 | $830.4M | $4.0B | ||
| Q3 24 | $847.6M | $3.6B | ||
| Q2 24 | $827.4M | $3.6B | ||
| Q1 24 | $824.1M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $28.0M | $-74.1M |
| FCF MarginFCF / Revenue | 22.3% | -35.6% |
| Capex IntensityCapex / Revenue | 1.1% | 3.3% |
| Cash ConversionOCF / Net Profit | 46.11× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $-67.2M | ||
| Q3 25 | $67.5M | $108.3M | ||
| Q2 25 | $23.2M | $75.8M | ||
| Q1 25 | $7.0M | $-3.8M | ||
| Q4 24 | $11.5M | $1.8M | ||
| Q3 24 | $35.3M | $69.1M | ||
| Q2 24 | $35.0M | $70.0M | ||
| Q1 24 | $-11.0M | $-34.5M |
| Q4 25 | $28.0M | $-74.1M | ||
| Q3 25 | $64.8M | $106.9M | ||
| Q2 25 | $20.9M | $74.2M | ||
| Q1 25 | $5.3M | $-6.8M | ||
| Q4 24 | $6.9M | $-3.8M | ||
| Q3 24 | $34.2M | $68.7M | ||
| Q2 24 | $33.5M | $68.6M | ||
| Q1 24 | $-12.1M | $-36.5M |
| Q4 25 | 22.3% | -35.6% | ||
| Q3 25 | 60.7% | 49.4% | ||
| Q2 25 | 22.8% | 35.2% | ||
| Q1 25 | 6.1% | -3.1% | ||
| Q4 24 | 7.4% | -1.6% | ||
| Q3 24 | 37.3% | 30.3% | ||
| Q2 24 | 37.6% | 30.6% | ||
| Q1 24 | -15.3% | -16.4% |
| Q4 25 | 1.1% | 3.3% | ||
| Q3 25 | 2.6% | 0.7% | ||
| Q2 25 | 2.6% | 0.7% | ||
| Q1 25 | 1.9% | 1.4% | ||
| Q4 24 | 5.0% | 2.4% | ||
| Q3 24 | 1.2% | 0.2% | ||
| Q2 24 | 1.8% | 0.6% | ||
| Q1 24 | 1.4% | 0.9% |
| Q4 25 | 46.11× | -1.99× | ||
| Q3 25 | 3.27× | 3.45× | ||
| Q2 25 | 2.06× | 1.77× | ||
| Q1 25 | 2.99× | -0.13× | ||
| Q4 24 | 2.16× | 0.04× | ||
| Q3 24 | 2.54× | 1.41× | ||
| Q2 24 | 9.78× | 2.69× | ||
| Q1 24 | -3.35× | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
