vs
IMAX（IMAX）与丰田北美（MPAA）财务数据对比。点击上方公司名可切换其他公司
丰田北美的季度营收约是IMAX的1.3倍（$167.7M vs $125.2M），丰田北美净利率更高（1.1% vs 0.5%，领先0.6%），IMAX同比增速更快（35.1% vs -9.9%），IMAX自由现金流更多（$28.0M vs $-8.6M），过去两年IMAX的营收复合增速更高（25.8% vs -5.9%）
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。
丰田北美（TMNA）是丰田汽车旗下负责加拿大、墨西哥及美国全境业务的运营子公司，业务范围覆盖研发、生产制造、销售营销、售后及企业管理等板块，相关核心业务由TMNA统筹，部分板块由其他子公司及控股企业负责执行，公司总部位于得克萨斯州普莱诺，在肯塔基州乔治敦等多地设有分支机构。
IMAX vs MPAA — 直观对比
营收规模更大
MPAA
是对方的1.3倍
$125.2M
营收增速更快
IMAX
高出45.0%
-9.9%
净利率更高
MPAA
高出0.6%
0.5%
自由现金流更多
IMAX
多$36.6M
$-8.6M
两年增速更快
IMAX
近两年复合增速
-5.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $167.7M |
| 净利润 | $637.0K | $1.8M |
| 毛利率 | 57.6% | 19.6% |
| 营业利润率 | 19.3% | 5.0% |
| 净利率 | 0.5% | 1.1% |
| 营收同比 | 35.1% | -9.9% |
| 净利润同比 | -88.0% | -22.4% |
| 每股收益（稀释后） | $0.02 | $0.09 |
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IMAXMPAA
| Q4 25 | $125.2M | $167.7M | ||
| Q3 25 | $106.7M | $221.5M | ||
| Q2 25 | $91.7M | $188.4M | ||
| Q1 25 | $86.7M | $193.1M | ||
| Q4 24 | $92.7M | $186.2M | ||
| Q3 24 | $91.5M | $208.2M | ||
| Q2 24 | $89.0M | $169.9M | ||
| Q1 24 | $79.1M | $189.5M |
净利润IMAXMPAA
| Q4 25 | $637.0K | $1.8M | ||
| Q3 25 | $20.7M | $-2.1M | ||
| Q2 25 | $11.3M | $3.0M | ||
| Q1 25 | $2.3M | $-722.0K | ||
| Q4 24 | $5.3M | $2.3M | ||
| Q3 24 | $13.9M | $-3.0M | ||
| Q2 24 | $3.6M | $-18.1M | ||
| Q1 24 | $3.3M | $1.3M |
毛利率IMAXMPAA
| Q4 25 | 57.6% | 19.6% | ||
| Q3 25 | 63.1% | 19.3% | ||
| Q2 25 | 58.5% | 18.0% | ||
| Q1 25 | 61.4% | 19.9% | ||
| Q4 24 | 52.2% | 24.1% | ||
| Q3 24 | 55.8% | 19.8% | ||
| Q2 24 | 49.4% | 17.2% | ||
| Q1 24 | 59.3% | 18.4% |
营业利润率IMAXMPAA
| Q4 25 | 19.3% | 5.0% | ||
| Q3 25 | 27.2% | 7.4% | ||
| Q2 25 | 15.6% | 10.7% | ||
| Q1 25 | 19.3% | 8.4% | ||
| Q4 24 | 10.3% | 9.4% | ||
| Q3 24 | 21.2% | 6.0% | ||
| Q2 24 | 3.2% | -3.8% | ||
| Q1 24 | 15.3% | 6.4% |
净利率IMAXMPAA
| Q4 25 | 0.5% | 1.1% | ||
| Q3 25 | 19.4% | -1.0% | ||
| Q2 25 | 12.3% | 1.6% | ||
| Q1 25 | 2.7% | -0.4% | ||
| Q4 24 | 5.7% | 1.2% | ||
| Q3 24 | 15.2% | -1.4% | ||
| Q2 24 | 4.0% | -10.6% | ||
| Q1 24 | 4.1% | 0.7% |
每股收益（稀释后）IMAXMPAA
| Q4 25 | $0.02 | $0.09 | ||
| Q3 25 | $0.37 | $-0.11 | ||
| Q2 25 | $0.20 | $0.15 | ||
| Q1 25 | $0.04 | $-0.03 | ||
| Q4 24 | $0.09 | $0.11 | ||
| Q3 24 | $0.26 | $-0.15 | ||
| Q2 24 | $0.07 | $-0.92 | ||
| Q1 24 | $0.06 | $0.06 |
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 | $19.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $337.9M | $258.5M |
| 总资产 | $894.0M | $991.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IMAXMPAA
| Q4 25 | $151.2M | $19.6M | ||
| Q3 25 | $143.1M | $17.7M | ||
| Q2 25 | $109.3M | $14.5M | ||
| Q1 25 | $97.1M | $11.3M | ||
| Q4 24 | $100.6M | $12.7M | ||
| Q3 24 | $104.5M | $12.3M | ||
| Q2 24 | $91.6M | $9.4M | ||
| Q1 24 | $81.0M | $15.8M |
股东权益IMAXMPAA
| Q4 25 | $337.9M | $258.5M | ||
| Q3 25 | $349.5M | $258.5M | ||
| Q2 25 | $320.4M | $260.1M | ||
| Q1 25 | $299.5M | $257.7M | ||
| Q4 24 | $299.5M | $262.7M | ||
| Q3 24 | $289.4M | $264.0M | ||
| Q2 24 | $267.2M | $267.2M | ||
| Q1 24 | $258.8M | $285.1M |
总资产IMAXMPAA
| Q4 25 | $894.0M | $991.3M | ||
| Q3 25 | $889.6M | $990.0M | ||
| Q2 25 | $868.6M | $973.4M | ||
| Q1 25 | $848.3M | $957.6M | ||
| Q4 24 | $830.4M | $949.5M | ||
| Q3 24 | $847.6M | $986.2M | ||
| Q2 24 | $827.4M | $978.0M | ||
| Q1 24 | $824.1M | $1.0B |
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 | $-8.2M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $-8.6M |
| 自由现金流率自由现金流/营收 | 22.3% | -5.2% |
| 资本支出强度资本支出/营收 | 1.1% | 0.2% |
| 现金转化率经营现金流/净利润 | 46.11× | -4.63× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $27.7M |
8季度趋势，按日历期对齐
经营现金流IMAXMPAA
| Q4 25 | $29.4M | $-8.2M | ||
| Q3 25 | $67.5M | $21.9M | ||
| Q2 25 | $23.2M | $10.0M | ||
| Q1 25 | $7.0M | $9.1M | ||
| Q4 24 | $11.5M | $34.4M | ||
| Q3 24 | $35.3M | $22.9M | ||
| Q2 24 | $35.0M | $-20.8M | ||
| Q1 24 | $-11.0M | $-9.3M |
自由现金流IMAXMPAA
| Q4 25 | $28.0M | $-8.6M | ||
| Q3 25 | $64.8M | $20.8M | ||
| Q2 25 | $20.9M | $9.2M | ||
| Q1 25 | $5.3M | $6.2M | ||
| Q4 24 | $6.9M | $33.7M | ||
| Q3 24 | $34.2M | $22.3M | ||
| Q2 24 | $33.5M | $-21.3M | ||
| Q1 24 | $-12.1M | $-9.8M |
自由现金流率IMAXMPAA
| Q4 25 | 22.3% | -5.2% | ||
| Q3 25 | 60.7% | 9.4% | ||
| Q2 25 | 22.8% | 4.9% | ||
| Q1 25 | 6.1% | 3.2% | ||
| Q4 24 | 7.4% | 18.1% | ||
| Q3 24 | 37.3% | 10.7% | ||
| Q2 24 | 37.6% | -12.6% | ||
| Q1 24 | -15.3% | -5.2% |
资本支出强度IMAXMPAA
| Q4 25 | 1.1% | 0.2% | ||
| Q3 25 | 2.6% | 0.5% | ||
| Q2 25 | 2.6% | 0.4% | ||
| Q1 25 | 1.9% | 1.5% | ||
| Q4 24 | 5.0% | 0.4% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 1.8% | 0.3% | ||
| Q1 24 | 1.4% | 0.3% |
现金转化率IMAXMPAA
| Q4 25 | 46.11× | -4.63× | ||
| Q3 25 | 3.27× | — | ||
| Q2 25 | 2.06× | 3.30× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | 15.00× | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 9.78× | — | ||
| Q1 24 | -3.35× | -6.93× |
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% |
MPAA
| Reportable Segment Aggregation Before Other Operating Segment | $156.3M | 93% |
| Other | $11.4M | 7% |
