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IMAX（IMAX）与MARINE PRODUCTS CORP（MPX）财务数据对比。点击上方公司名可切换其他公司
IMAX的季度营收约是MARINE PRODUCTS CORP的1.9倍（$125.2M vs $64.6M），MARINE PRODUCTS CORP净利率更高（3.7% vs 0.5%，领先3.2%），IMAX同比增速更快（35.1% vs 35.0%），IMAX自由现金流更多（$28.0M vs $4.1M），过去两年IMAX的营收复合增速更高（25.8% vs -3.5%）
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。
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
IMAX vs MPX — 直观对比
营收规模更大
IMAX
是对方的1.9倍
$64.6M
营收增速更快
IMAX
高出0.1%
35.0%
净利率更高
MPX
高出3.2%
0.5%
自由现金流更多
IMAX
多$23.8M
$4.1M
两年增速更快
IMAX
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $64.6M |
| 净利润 | $637.0K | $2.4M |
| 毛利率 | 57.6% | 19.6% |
| 营业利润率 | 19.3% | 5.8% |
| 净利率 | 0.5% | 3.7% |
| 营收同比 | 35.1% | 35.0% |
| 净利润同比 | -88.0% | -44.6% |
| 每股收益（稀释后） | $0.02 | $0.07 |
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IMAXMPX
| Q4 25 | $125.2M | $64.6M | ||
| Q3 25 | $106.7M | $53.1M | ||
| Q2 25 | $91.7M | $67.7M | ||
| Q1 25 | $86.7M | $59.0M | ||
| Q4 24 | $92.7M | $47.8M | ||
| Q3 24 | $91.5M | $49.9M | ||
| Q2 24 | $89.0M | $69.5M | ||
| Q1 24 | $79.1M | $69.3M |
净利润IMAXMPX
| Q4 25 | $637.0K | $2.4M | ||
| Q3 25 | $20.7M | $2.6M | ||
| Q2 25 | $11.3M | $4.2M | ||
| Q1 25 | $2.3M | $2.2M | ||
| Q4 24 | $5.3M | $4.3M | ||
| Q3 24 | $13.9M | $3.4M | ||
| Q2 24 | $3.6M | $5.6M | ||
| Q1 24 | $3.3M | $4.6M |
毛利率IMAXMPX
| Q4 25 | 57.6% | 19.6% | ||
| Q3 25 | 63.1% | 19.2% | ||
| Q2 25 | 58.5% | 19.1% | ||
| Q1 25 | 61.4% | 18.6% | ||
| Q4 24 | 52.2% | 19.2% | ||
| Q3 24 | 55.8% | 18.4% | ||
| Q2 24 | 49.4% | 18.9% | ||
| Q1 24 | 59.3% | 20.2% |
营业利润率IMAXMPX
| Q4 25 | 19.3% | 5.8% | ||
| Q3 25 | 27.2% | 5.4% | ||
| Q2 25 | 15.6% | 7.1% | ||
| Q1 25 | 19.3% | 4.4% | ||
| Q4 24 | 10.3% | 7.7% | ||
| Q3 24 | 21.2% | 7.2% | ||
| Q2 24 | 3.2% | 8.3% | ||
| Q1 24 | 15.3% | 7.6% |
净利率IMAXMPX
| Q4 25 | 0.5% | 3.7% | ||
| Q3 25 | 19.4% | 5.0% | ||
| Q2 25 | 12.3% | 6.1% | ||
| Q1 25 | 2.7% | 3.7% | ||
| Q4 24 | 5.7% | 8.9% | ||
| Q3 24 | 15.2% | 6.8% | ||
| Q2 24 | 4.0% | 8.0% | ||
| Q1 24 | 4.1% | 6.6% |
每股收益（稀释后）IMAXMPX
| Q4 25 | $0.02 | $0.07 | ||
| Q3 25 | $0.37 | $0.07 | ||
| Q2 25 | $0.20 | $0.12 | ||
| Q1 25 | $0.04 | $0.06 | ||
| Q4 24 | $0.09 | $0.13 | ||
| Q3 24 | $0.26 | $0.10 | ||
| Q2 24 | $0.07 | $0.14 | ||
| Q1 24 | $0.06 | $0.13 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $337.9M | $125.0M |
| 总资产 | $894.0M | $147.2M |
| 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IMAXMPX
| 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 | — |
股东权益IMAXMPX
| Q4 25 | $337.9M | $125.0M | ||
| Q3 25 | $349.5M | $126.3M | ||
| Q2 25 | $320.4M | $127.2M | ||
| Q1 25 | $299.5M | $126.4M | ||
| Q4 24 | $299.5M | $129.0M | ||
| Q3 24 | $289.4M | $128.8M | ||
| Q2 24 | $267.2M | $129.3M | ||
| Q1 24 | $258.8M | $151.4M |
总资产IMAXMPX
| Q4 25 | $894.0M | $147.2M | ||
| Q3 25 | $889.6M | $179.5M | ||
| Q2 25 | $868.6M | $173.2M | ||
| Q1 25 | $848.3M | $182.9M | ||
| Q4 24 | $830.4M | $171.2M | ||
| Q3 24 | $847.6M | $176.3M | ||
| Q2 24 | $827.4M | $175.7M | ||
| Q1 24 | $824.1M | $204.0M |
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 | $4.7M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $4.1M |
| 自由现金流率自由现金流/营收 | 22.3% | 6.4% |
| 资本支出强度资本支出/营收 | 1.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 46.11× | 2.00× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $14.9M |
8季度趋势，按日历期对齐
经营现金流IMAXMPX
| Q4 25 | $29.4M | $4.7M | ||
| Q3 25 | $67.5M | $2.6M | ||
| Q2 25 | $23.2M | $-1.6M | ||
| Q1 25 | $7.0M | $10.8M | ||
| Q4 24 | $11.5M | $4.6M | ||
| Q3 24 | $35.3M | $5.1M | ||
| Q2 24 | $35.0M | $3.8M | ||
| Q1 24 | $-11.0M | $15.9M |
自由现金流IMAXMPX
| Q4 25 | $28.0M | $4.1M | ||
| Q3 25 | $64.8M | $2.1M | ||
| Q2 25 | $20.9M | $-2.0M | ||
| Q1 25 | $5.3M | $10.7M | ||
| Q4 24 | $6.9M | $3.6M | ||
| Q3 24 | $34.2M | $3.2M | ||
| Q2 24 | $33.5M | $3.0M | ||
| Q1 24 | $-12.1M | $15.0M |
自由现金流率IMAXMPX
| Q4 25 | 22.3% | 6.4% | ||
| Q3 25 | 60.7% | 4.0% | ||
| Q2 25 | 22.8% | -3.0% | ||
| Q1 25 | 6.1% | 18.1% | ||
| Q4 24 | 7.4% | 7.6% | ||
| Q3 24 | 37.3% | 6.5% | ||
| Q2 24 | 37.6% | 4.4% | ||
| Q1 24 | -15.3% | 21.7% |
资本支出强度IMAXMPX
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 2.6% | 0.8% | ||
| Q2 25 | 2.6% | 0.6% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | 5.0% | 2.1% | ||
| Q3 24 | 1.2% | 3.8% | ||
| Q2 24 | 1.8% | 1.1% | ||
| Q1 24 | 1.4% | 1.3% |
现金转化率IMAXMPX
| Q4 25 | 46.11× | 2.00× | ||
| Q3 25 | 3.27× | 0.97× | ||
| Q2 25 | 2.06× | -0.39× | ||
| Q1 25 | 2.99× | 4.88× | ||
| Q4 24 | 2.16× | 1.09× | ||
| Q3 24 | 2.54× | 1.51× | ||
| Q2 24 | 9.78× | 0.68× | ||
| Q1 24 | -3.35× | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
