vs
IMAX（IMAX）与OneSpan Inc.（OSPN）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OneSpan Inc.的1.9倍（$125.2M vs $65.9M），OneSpan Inc.净利率更高（17.5% vs 0.5%，领先17.0%），IMAX同比增速更快（35.1% vs 4.1%），过去两年IMAX的营收复合增速更高（25.8% vs 4.0%）
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。
OneSpan Inc.是一家总部位于美国马萨诸塞州波士顿的信息安全企业，核心业务涵盖网络欺诈防御平台搭建、多因素身份验证工具提供以及电子签名软件开发，为各类机构提供专业的数字安全与身份合规管理解决方案。
IMAX vs OSPN — 直观对比
营收规模更大
IMAX
是对方的1.9倍
$65.9M
营收增速更快
IMAX
高出31.0%
4.1%
净利率更高
OSPN
高出17.0%
0.5%
两年增速更快
IMAX
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $65.9M |
| 净利润 | $637.0K | $11.6M |
| 毛利率 | 57.6% | 73.6% |
| 营业利润率 | 19.3% | 22.5% |
| 净利率 | 0.5% | 17.5% |
| 营收同比 | 35.1% | 4.1% |
| 净利润同比 | -88.0% | — |
| 每股收益（稀释后） | $0.02 | $0.39 |
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IMAXOSPN
| Q1 26 | — | $65.9M | ||
| Q4 25 | $125.2M | $62.9M | ||
| Q3 25 | $106.7M | $57.1M | ||
| Q2 25 | $91.7M | $59.8M | ||
| Q1 25 | $86.7M | $63.4M | ||
| Q4 24 | $92.7M | $61.2M | ||
| Q3 24 | $91.5M | $56.2M | ||
| Q2 24 | $89.0M | $60.9M |
净利润IMAXOSPN
| Q1 26 | — | $11.6M | ||
| Q4 25 | $637.0K | $43.5M | ||
| Q3 25 | $20.7M | $6.5M | ||
| Q2 25 | $11.3M | $8.3M | ||
| Q1 25 | $2.3M | $14.5M | ||
| Q4 24 | $5.3M | $28.8M | ||
| Q3 24 | $13.9M | $8.3M | ||
| Q2 24 | $3.6M | $6.6M |
毛利率IMAXOSPN
| Q1 26 | — | 73.6% | ||
| Q4 25 | 57.6% | 73.6% | ||
| Q3 25 | 63.1% | 73.6% | ||
| Q2 25 | 58.5% | 73.5% | ||
| Q1 25 | 61.4% | 74.3% | ||
| Q4 24 | 52.2% | 74.0% | ||
| Q3 24 | 55.8% | 73.9% | ||
| Q2 24 | 49.4% | 66.2% |
营业利润率IMAXOSPN
| Q1 26 | — | 22.5% | ||
| Q4 25 | 19.3% | 19.9% | ||
| Q3 25 | 27.2% | 14.4% | ||
| Q2 25 | 15.6% | 17.6% | ||
| Q1 25 | 19.3% | 27.1% | ||
| Q4 24 | 10.3% | 19.3% | ||
| Q3 24 | 21.2% | 20.0% | ||
| Q2 24 | 3.2% | 12.5% |
净利率IMAXOSPN
| Q1 26 | — | 17.5% | ||
| Q4 25 | 0.5% | 69.2% | ||
| Q3 25 | 19.4% | 11.4% | ||
| Q2 25 | 12.3% | 13.9% | ||
| Q1 25 | 2.7% | 22.9% | ||
| Q4 24 | 5.7% | 47.1% | ||
| Q3 24 | 15.2% | 14.7% | ||
| Q2 24 | 4.0% | 10.8% |
每股收益（稀释后）IMAXOSPN
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.02 | $1.13 | ||
| Q3 25 | $0.37 | $0.17 | ||
| Q2 25 | $0.20 | $0.21 | ||
| Q1 25 | $0.04 | $0.37 | ||
| Q4 24 | $0.09 | $0.73 | ||
| Q3 24 | $0.26 | $0.21 | ||
| Q2 24 | $0.07 | $0.17 |
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 | $49.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $337.9M | $272.0M |
| 总资产 | $894.0M | $383.1M |
| 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IMAXOSPN
| Q1 26 | — | $49.8M | ||
| Q4 25 | $151.2M | $70.5M | ||
| Q3 25 | $143.1M | $85.6M | ||
| Q2 25 | $109.3M | $92.9M | ||
| Q1 25 | $97.1M | $105.2M | ||
| Q4 24 | $100.6M | $83.2M | ||
| Q3 24 | $104.5M | $77.5M | ||
| Q2 24 | $91.6M | $63.8M |
股东权益IMAXOSPN
| Q1 26 | — | $272.0M | ||
| Q4 25 | $337.9M | $271.8M | ||
| Q3 25 | $349.5M | $238.3M | ||
| Q2 25 | $320.4M | $242.5M | ||
| Q1 25 | $299.5M | $231.1M | ||
| Q4 24 | $299.5M | $212.5M | ||
| Q3 24 | $289.4M | $194.6M | ||
| Q2 24 | $267.2M | $178.6M |
总资产IMAXOSPN
| Q1 26 | — | $383.1M | ||
| Q4 25 | $894.0M | $397.7M | ||
| Q3 25 | $889.6M | $343.5M | ||
| Q2 25 | $868.6M | $357.1M | ||
| Q1 25 | $848.3M | $333.8M | ||
| Q4 24 | $830.4M | $338.7M | ||
| Q3 24 | $847.6M | $289.3M | ||
| Q2 24 | $827.4M | $286.9M |
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 | $28.2M |
| 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× | 2.44× |
| 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IMAXOSPN
| Q1 26 | — | $28.2M | ||
| Q4 25 | $29.4M | $12.6M | ||
| Q3 25 | $67.5M | $11.3M | ||
| Q2 25 | $23.2M | $6.2M | ||
| Q1 25 | $7.0M | $29.4M | ||
| Q4 24 | $11.5M | $12.4M | ||
| Q3 24 | $35.3M | $14.0M | ||
| Q2 24 | $35.0M | $2.3M |
自由现金流IMAXOSPN
| Q1 26 | — | — | ||
| Q4 25 | $28.0M | $9.6M | ||
| Q3 25 | $64.8M | $8.8M | ||
| Q2 25 | $20.9M | $4.4M | ||
| Q1 25 | $5.3M | $27.7M | ||
| Q4 24 | $6.9M | $10.5M | ||
| Q3 24 | $34.2M | $12.0M | ||
| Q2 24 | $33.5M | $26.0K |
自由现金流率IMAXOSPN
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | 15.3% | ||
| Q3 25 | 60.7% | 15.4% | ||
| Q2 25 | 22.8% | 7.3% | ||
| Q1 25 | 6.1% | 43.8% | ||
| Q4 24 | 7.4% | 17.1% | ||
| Q3 24 | 37.3% | 21.4% | ||
| Q2 24 | 37.6% | 0.0% |
资本支出强度IMAXOSPN
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 4.7% | ||
| Q3 25 | 2.6% | 4.4% | ||
| Q2 25 | 2.6% | 3.1% | ||
| Q1 25 | 1.9% | 2.6% | ||
| Q4 24 | 5.0% | 3.2% | ||
| Q3 24 | 1.2% | 3.5% | ||
| Q2 24 | 1.8% | 3.7% |
现金转化率IMAXOSPN
| Q1 26 | — | 2.44× | ||
| Q4 25 | 46.11× | 0.29× | ||
| Q3 25 | 3.27× | 1.74× | ||
| Q2 25 | 2.06× | 0.75× | ||
| Q1 25 | 2.99× | 2.02× | ||
| Q4 24 | 2.16× | 0.43× | ||
| Q3 24 | 2.54× | 1.69× | ||
| Q2 24 | 9.78× | 0.35× |
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% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
