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IMAX（IMAX）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
IMAX的季度营收约是微策略的1.0倍（$125.2M vs $123.0M），IMAX同比增速更快（35.1% vs 1.9%），过去两年IMAX的营收复合增速更高（25.8% vs 3.3%）
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。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
IMAX vs MSTR — 直观对比
营收规模更大
IMAX
是对方的1.0倍
$123.0M
营收增速更快
IMAX
高出33.2%
1.9%
两年增速更快
IMAX
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $123.0M |
| 净利润 | $637.0K | — |
| 毛利率 | 57.6% | 66.1% |
| 营业利润率 | 19.3% | — |
| 净利率 | 0.5% | — |
| 营收同比 | 35.1% | 1.9% |
| 净利润同比 | -88.0% | — |
| 每股收益（稀释后） | $0.02 | — |
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IMAXMSTR
| Q4 25 | $125.2M | $123.0M | ||
| Q3 25 | $106.7M | $128.7M | ||
| Q2 25 | $91.7M | $114.5M | ||
| Q1 25 | $86.7M | $111.1M | ||
| Q4 24 | $92.7M | $120.7M | ||
| Q3 24 | $91.5M | $116.1M | ||
| Q2 24 | $89.0M | $111.4M | ||
| Q1 24 | $79.1M | $115.2M |
净利润IMAXMSTR
| Q4 25 | $637.0K | — | ||
| Q3 25 | $20.7M | $2.8B | ||
| Q2 25 | $11.3M | $10.0B | ||
| Q1 25 | $2.3M | $-4.2B | ||
| Q4 24 | $5.3M | $-670.8M | ||
| Q3 24 | $13.9M | $-340.2M | ||
| Q2 24 | $3.6M | $-102.6M | ||
| Q1 24 | $3.3M | $-53.1M |
毛利率IMAXMSTR
| Q4 25 | 57.6% | 66.1% | ||
| Q3 25 | 63.1% | 70.5% | ||
| Q2 25 | 58.5% | 68.8% | ||
| Q1 25 | 61.4% | 69.4% | ||
| Q4 24 | 52.2% | 71.7% | ||
| Q3 24 | 55.8% | 70.4% | ||
| Q2 24 | 49.4% | 72.2% | ||
| Q1 24 | 59.3% | 74.0% |
营业利润率IMAXMSTR
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 15.6% | — | ||
| Q1 25 | 19.3% | -5331.4% | ||
| Q4 24 | 10.3% | -842.1% | ||
| Q3 24 | 21.2% | -372.7% | ||
| Q2 24 | 3.2% | -179.7% | ||
| Q1 24 | 15.3% | -176.8% |
净利率IMAXMSTR
| Q4 25 | 0.5% | — | ||
| Q3 25 | 19.4% | 2164.1% | ||
| Q2 25 | 12.3% | 8752.7% | ||
| Q1 25 | 2.7% | -3797.2% | ||
| Q4 24 | 5.7% | -555.8% | ||
| Q3 24 | 15.2% | -293.1% | ||
| Q2 24 | 4.0% | -92.0% | ||
| Q1 24 | 4.1% | -46.1% |
每股收益（稀释后）IMAXMSTR
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.37 | $8.42 | ||
| Q2 25 | $0.20 | $32.60 | ||
| Q1 25 | $0.04 | $-16.49 | ||
| Q4 24 | $0.09 | $4.49 | ||
| Q3 24 | $0.26 | $-1.72 | ||
| Q2 24 | $0.07 | $-0.57 | ||
| Q1 24 | $0.06 | $-0.31 |
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 | $2.3B |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $337.9M | $44.1B |
| 总资产 | $894.0M | $61.6B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资IMAXMSTR
| Q4 25 | $151.2M | $2.3B | ||
| Q3 25 | $143.1M | $54.3M | ||
| Q2 25 | $109.3M | $50.1M | ||
| Q1 25 | $97.1M | $60.3M | ||
| Q4 24 | $100.6M | $38.1M | ||
| Q3 24 | $104.5M | $46.3M | ||
| Q2 24 | $91.6M | $66.9M | ||
| Q1 24 | $81.0M | $81.3M |
总债务IMAXMSTR
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.6B |
股东权益IMAXMSTR
| Q4 25 | $337.9M | $44.1B | ||
| Q3 25 | $349.5M | $52.3B | ||
| Q2 25 | $320.4M | $47.5B | ||
| Q1 25 | $299.5M | $32.2B | ||
| Q4 24 | $299.5M | $18.2B | ||
| Q3 24 | $289.4M | $3.8B | ||
| Q2 24 | $267.2M | $2.8B | ||
| Q1 24 | $258.8M | $2.4B |
总资产IMAXMSTR
| Q4 25 | $894.0M | $61.6B | ||
| Q3 25 | $889.6M | $73.6B | ||
| Q2 25 | $868.6M | $64.8B | ||
| Q1 25 | $848.3M | $43.9B | ||
| Q4 24 | $830.4M | $25.8B | ||
| Q3 24 | $847.6M | $8.3B | ||
| Q2 24 | $827.4M | $7.1B | ||
| Q1 24 | $824.1M | $6.4B |
负债/权益比IMAXMSTR
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.48× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $28.0M | — |
| 自由现金流率自由现金流/营收 | 22.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 46.11× | — |
| 过去12个月自由现金流最近4个季度 | $118.9M | — |
8季度趋势，按日历期对齐
经营现金流IMAXMSTR
| Q4 25 | $29.4M | — | ||
| Q3 25 | $67.5M | $-8.3M | ||
| Q2 25 | $23.2M | $-34.9M | ||
| Q1 25 | $7.0M | $-2.4M | ||
| Q4 24 | $11.5M | $-17.3M | ||
| Q3 24 | $35.3M | $-41.0M | ||
| Q2 24 | $35.0M | $-23.3M | ||
| Q1 24 | $-11.0M | $28.6M |
自由现金流IMAXMSTR
| Q4 25 | $28.0M | — | ||
| Q3 25 | $64.8M | $-11.1M | ||
| Q2 25 | $20.9M | $-37.0M | ||
| Q1 25 | $5.3M | $-5.1M | ||
| Q4 24 | $6.9M | $-17.6M | ||
| Q3 24 | $34.2M | $-41.4M | ||
| Q2 24 | $33.5M | $-24.1M | ||
| Q1 24 | $-12.1M | $27.0M |
自由现金流率IMAXMSTR
| Q4 25 | 22.3% | — | ||
| Q3 25 | 60.7% | -8.6% | ||
| Q2 25 | 22.8% | -32.3% | ||
| Q1 25 | 6.1% | -4.6% | ||
| Q4 24 | 7.4% | -14.6% | ||
| Q3 24 | 37.3% | -35.7% | ||
| Q2 24 | 37.6% | -21.6% | ||
| Q1 24 | -15.3% | 23.5% |
资本支出强度IMAXMSTR
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.6% | 2.2% | ||
| Q2 25 | 2.6% | 1.8% | ||
| Q1 25 | 1.9% | 2.5% | ||
| Q4 24 | 5.0% | 0.2% | ||
| Q3 24 | 1.2% | 0.4% | ||
| Q2 24 | 1.8% | 0.6% | ||
| Q1 24 | 1.4% | 1.3% |
现金转化率IMAXMSTR
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | -0.00× | ||
| Q2 25 | 2.06× | -0.00× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | — | ||
| 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% |
MSTR
暂无分部数据
