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Side-by-side financial comparison of IMAX CORP (IMAX) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $125.2M, roughly 2.0× IMAX CORP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 0.5%, a 10.7% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -15.3%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-88.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
IMAX vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $249.0M |
| Net Profit | $637.0K | $28.0M |
| Gross Margin | 57.6% | — |
| Operating Margin | 19.3% | -19.3% |
| Net Margin | 0.5% | 11.2% |
| Revenue YoY | 35.1% | -15.3% |
| Net Profit YoY | -88.0% | 124.3% |
| 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.
| Q4 25 | $125.2M | $249.0M | ||
| Q3 25 | $106.7M | $315.0M | ||
| Q2 25 | $91.7M | $342.0M | ||
| Q1 25 | $86.7M | $282.0M | ||
| Q4 24 | $92.7M | $294.0M | ||
| Q3 24 | $91.5M | $319.0M | ||
| Q2 24 | $89.0M | $360.0M | ||
| Q1 24 | $79.1M | $257.0M |
| Q4 25 | $637.0K | $28.0M | ||
| Q3 25 | $20.7M | $-37.0M | ||
| Q2 25 | $11.3M | $79.0M | ||
| Q1 25 | $2.3M | $-98.0M | ||
| Q4 24 | $5.3M | $-115.0M | ||
| Q3 24 | $13.9M | $-40.0M | ||
| Q2 24 | $3.6M | $62.0M | ||
| Q1 24 | $3.3M | $70.0M |
| 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% | -19.3% | ||
| Q3 25 | 27.2% | 1.6% | ||
| Q2 25 | 15.6% | 26.3% | ||
| Q1 25 | 19.3% | -82.6% | ||
| Q4 24 | 10.3% | -188.1% | ||
| Q3 24 | 21.2% | 15.4% | ||
| Q2 24 | 3.2% | 18.3% | ||
| Q1 24 | 15.3% | -8.2% |
| Q4 25 | 0.5% | 11.2% | ||
| Q3 25 | 19.4% | -11.7% | ||
| Q2 25 | 12.3% | 23.1% | ||
| Q1 25 | 2.7% | -34.8% | ||
| Q4 24 | 5.7% | -39.1% | ||
| Q3 24 | 15.2% | -12.5% | ||
| Q2 24 | 4.0% | 17.2% | ||
| Q1 24 | 4.1% | 27.2% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.37 | $-0.40 | ||
| Q2 25 | $0.20 | $0.84 | ||
| Q1 25 | $0.04 | $-1.05 | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.26 | $-0.43 | ||
| Q2 24 | $0.07 | $0.66 | ||
| Q1 24 | $0.06 | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $337.9M | $10.9B |
| Total Assets | $894.0M | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $151.2M | $960.0M | ||
| Q3 25 | $143.1M | $711.0M | ||
| Q2 25 | $109.3M | $880.0M | ||
| Q1 25 | $97.1M | $1.5B | ||
| Q4 24 | $100.6M | $283.0M | ||
| Q3 24 | $104.5M | $290.0M | ||
| Q2 24 | $91.6M | $281.0M | ||
| Q1 24 | $81.0M | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $337.9M | $10.9B | ||
| Q3 25 | $349.5M | $11.0B | ||
| Q2 25 | $320.4M | $11.3B | ||
| Q1 25 | $299.5M | $12.6B | ||
| Q4 24 | $299.5M | $12.9B | ||
| Q3 24 | $289.4M | $13.6B | ||
| Q2 24 | $267.2M | $13.9B | ||
| Q1 24 | $258.8M | $14.0B |
| Q4 25 | $894.0M | $19.6B | ||
| Q3 25 | $889.6M | $19.1B | ||
| Q2 25 | $868.6M | $20.5B | ||
| Q1 25 | $848.3M | $21.4B | ||
| Q4 24 | $830.4M | $20.3B | ||
| Q3 24 | $847.6M | $20.9B | ||
| Q2 24 | $827.4M | $21.7B | ||
| Q1 24 | $824.1M | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $186.0M |
| Free Cash FlowOCF − Capex | $28.0M | $-88.0M |
| FCF MarginFCF / Revenue | 22.3% | -35.3% |
| Capex IntensityCapex / Revenue | 1.1% | 110.0% |
| Cash ConversionOCF / Net Profit | 46.11× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $118.9M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $186.0M | ||
| Q3 25 | $67.5M | $231.0M | ||
| Q2 25 | $23.2M | $232.0M | ||
| Q1 25 | $7.0M | $90.0M | ||
| Q4 24 | $11.5M | $283.0M | ||
| Q3 24 | $35.3M | $208.0M | ||
| Q2 24 | $35.0M | $231.0M | ||
| Q1 24 | $-11.0M | $78.0M |
| Q4 25 | $28.0M | $-88.0M | ||
| Q3 25 | $64.8M | $-283.0M | ||
| Q2 25 | $20.9M | $151.0M | ||
| Q1 25 | $5.3M | $1.0M | ||
| Q4 24 | $6.9M | $231.0M | ||
| Q3 24 | $34.2M | $152.0M | ||
| Q2 24 | $33.5M | $162.0M | ||
| Q1 24 | $-12.1M | $14.0M |
| Q4 25 | 22.3% | -35.3% | ||
| Q3 25 | 60.7% | -89.8% | ||
| Q2 25 | 22.8% | 44.2% | ||
| Q1 25 | 6.1% | 0.4% | ||
| Q4 24 | 7.4% | 78.6% | ||
| Q3 24 | 37.3% | 47.6% | ||
| Q2 24 | 37.6% | 45.0% | ||
| Q1 24 | -15.3% | 5.4% |
| Q4 25 | 1.1% | 110.0% | ||
| Q3 25 | 2.6% | 163.2% | ||
| Q2 25 | 2.6% | 23.7% | ||
| Q1 25 | 1.9% | 31.6% | ||
| Q4 24 | 5.0% | 17.7% | ||
| Q3 24 | 1.2% | 17.6% | ||
| Q2 24 | 1.8% | 19.2% | ||
| Q1 24 | 1.4% | 24.9% |
| Q4 25 | 46.11× | 6.64× | ||
| Q3 25 | 3.27× | — | ||
| Q2 25 | 2.06× | 2.94× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 9.78× | 3.73× | ||
| Q1 24 | -3.35× | 1.11× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
