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IMAX（IMAX）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是IMAX的1.6倍（$204.1M vs $125.2M），百胜餐饮集团净利率更高（8.9% vs 0.5%，领先8.4%），IMAX同比增速更快（35.1% vs -5.2%），IMAX自由现金流更多（$28.0M vs $2.6M），过去两年IMAX的营收复合增速更高（25.8% vs 19.8%）
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
IMAX vs LCUT — 直观对比
营收规模更大
LCUT
是对方的1.6倍
$125.2M
营收增速更快
IMAX
高出40.3%
-5.2%
净利率更高
LCUT
高出8.4%
0.5%
自由现金流更多
IMAX
多$25.4M
$2.6M
两年增速更快
IMAX
近两年复合增速
19.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $204.1M |
| 净利润 | $637.0K | $18.2M |
| 毛利率 | 57.6% | 38.6% |
| 营业利润率 | 19.3% | 9.8% |
| 净利率 | 0.5% | 8.9% |
| 营收同比 | 35.1% | -5.2% |
| 净利润同比 | -88.0% | 103.5% |
| 每股收益（稀释后） | $0.02 | $0.83 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IMAXLCUT
| Q4 25 | $125.2M | $204.1M | ||
| Q3 25 | $106.7M | $171.9M | ||
| Q2 25 | $91.7M | $131.9M | ||
| Q1 25 | $86.7M | $140.1M | ||
| Q4 24 | $92.7M | $215.2M | ||
| Q3 24 | $91.5M | $183.8M | ||
| Q2 24 | $89.0M | $141.7M | ||
| Q1 24 | $79.1M | $142.2M |
净利润IMAXLCUT
| Q4 25 | $637.0K | $18.2M | ||
| Q3 25 | $20.7M | $-1.2M | ||
| Q2 25 | $11.3M | $-39.7M | ||
| Q1 25 | $2.3M | $-4.2M | ||
| Q4 24 | $5.3M | $8.9M | ||
| Q3 24 | $13.9M | $344.0K | ||
| Q2 24 | $3.6M | $-18.2M | ||
| Q1 24 | $3.3M | $-6.3M |
毛利率IMAXLCUT
| Q4 25 | 57.6% | 38.6% | ||
| Q3 25 | 63.1% | 35.1% | ||
| Q2 25 | 58.5% | 38.6% | ||
| Q1 25 | 61.4% | 36.1% | ||
| Q4 24 | 52.2% | 37.7% | ||
| Q3 24 | 55.8% | 36.7% | ||
| Q2 24 | 49.4% | 38.5% | ||
| Q1 24 | 59.3% | 40.5% |
营业利润率IMAXLCUT
| Q4 25 | 19.3% | 9.8% | ||
| Q3 25 | 27.2% | 3.9% | ||
| Q2 25 | 15.6% | -28.2% | ||
| Q1 25 | 19.3% | 0.8% | ||
| Q4 24 | 10.3% | 7.2% | ||
| Q3 24 | 21.2% | 4.7% | ||
| Q2 24 | 3.2% | 0.8% | ||
| Q1 24 | 15.3% | 1.3% |
净利率IMAXLCUT
| Q4 25 | 0.5% | 8.9% | ||
| Q3 25 | 19.4% | -0.7% | ||
| Q2 25 | 12.3% | -30.1% | ||
| Q1 25 | 2.7% | -3.0% | ||
| Q4 24 | 5.7% | 4.1% | ||
| Q3 24 | 15.2% | 0.2% | ||
| Q2 24 | 4.0% | -12.8% | ||
| Q1 24 | 4.1% | -4.4% |
每股收益（稀释后）IMAXLCUT
| Q4 25 | $0.02 | $0.83 | ||
| Q3 25 | $0.37 | $-0.05 | ||
| Q2 25 | $0.20 | $-1.83 | ||
| Q1 25 | $0.04 | $-0.19 | ||
| Q4 24 | $0.09 | $0.41 | ||
| Q3 24 | $0.26 | $0.02 | ||
| Q2 24 | $0.07 | $-0.85 | ||
| Q1 24 | $0.06 | $-0.29 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $151.2M | $4.3M |
| 总债务越低越好 | — | $135.0M |
| 股东权益账面价值 | $337.9M | $202.3M |
| 总资产 | $894.0M | $572.6M |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资IMAXLCUT
| Q4 25 | $151.2M | $4.3M | ||
| Q3 25 | $143.1M | $12.1M | ||
| Q2 25 | $109.3M | $12.0M | ||
| Q1 25 | $97.1M | $10.4M | ||
| Q4 24 | $100.6M | $2.9M | ||
| Q3 24 | $104.5M | $6.0M | ||
| Q2 24 | $91.6M | $3.4M | ||
| Q1 24 | $81.0M | $4.6M |
总债务IMAXLCUT
| Q4 25 | — | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IMAXLCUT
| Q4 25 | $337.9M | $202.3M | ||
| Q3 25 | $349.5M | $184.6M | ||
| Q2 25 | $320.4M | $185.8M | ||
| Q1 25 | $299.5M | $225.7M | ||
| Q4 24 | $299.5M | $229.9M | ||
| Q3 24 | $289.4M | $220.9M | ||
| Q2 24 | $267.2M | $219.8M | ||
| Q1 24 | $258.8M | $223.7M |
总资产IMAXLCUT
| Q4 25 | $894.0M | $572.6M | ||
| Q3 25 | $889.6M | $581.1M | ||
| Q2 25 | $868.6M | $551.9M | ||
| Q1 25 | $848.3M | $594.6M | ||
| Q4 24 | $830.4M | $634.3M | ||
| Q3 24 | $847.6M | $668.7M | ||
| Q2 24 | $827.4M | $617.0M | ||
| Q1 24 | $824.1M | $602.7M |
负债/权益比IMAXLCUT
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $29.4M | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $2.6M |
| 自由现金流率自由现金流/营收 | 22.3% | 1.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 46.11× | 0.21× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $3.3M |
8季度趋势，按日历期对齐
经营现金流IMAXLCUT
| Q4 25 | $29.4M | $3.7M | ||
| Q3 25 | $67.5M | $-22.2M | ||
| Q2 25 | $23.2M | $9.3M | ||
| Q1 25 | $7.0M | $16.7M | ||
| Q4 24 | $11.5M | $20.3M | ||
| Q3 24 | $35.3M | $-22.7M | ||
| Q2 24 | $35.0M | $10.4M | ||
| Q1 24 | $-11.0M | $10.5M |
自由现金流IMAXLCUT
| Q4 25 | $28.0M | $2.6M | ||
| Q3 25 | $64.8M | $-22.7M | ||
| Q2 25 | $20.9M | $8.2M | ||
| Q1 25 | $5.3M | $15.1M | ||
| Q4 24 | $6.9M | $19.7M | ||
| Q3 24 | $34.2M | $-23.2M | ||
| Q2 24 | $33.5M | $9.9M | ||
| Q1 24 | $-12.1M | $9.9M |
自由现金流率IMAXLCUT
| Q4 25 | 22.3% | 1.3% | ||
| Q3 25 | 60.7% | -13.2% | ||
| Q2 25 | 22.8% | 6.2% | ||
| Q1 25 | 6.1% | 10.8% | ||
| Q4 24 | 7.4% | 9.1% | ||
| Q3 24 | 37.3% | -12.6% | ||
| Q2 24 | 37.6% | 7.0% | ||
| Q1 24 | -15.3% | 7.0% |
资本支出强度IMAXLCUT
| Q4 25 | 1.1% | 0.6% | ||
| Q3 25 | 2.6% | 0.3% | ||
| Q2 25 | 2.6% | 0.9% | ||
| Q1 25 | 1.9% | 1.1% | ||
| Q4 24 | 5.0% | 0.3% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 1.8% | 0.4% | ||
| Q1 24 | 1.4% | 0.4% |
现金转化率IMAXLCUT
| Q4 25 | 46.11× | 0.21× | ||
| Q3 25 | 3.27× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | 2.28× | ||
| Q3 24 | 2.54× | -65.89× | ||
| Q2 24 | 9.78× | — | ||
| Q1 24 | -3.35× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
