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IMAX（IMAX）与Ranpak Holdings Corp.（PACK）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Ranpak Holdings Corp.的1.3倍（$125.2M vs $93.7M），IMAX同比增速更快（35.1% vs 2.3%），过去两年IMAX的营收复合增速更高（25.8% vs 13.7%）
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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
IMAX vs PACK — 直观对比
营收规模更大
IMAX
是对方的1.3倍
$93.7M
营收增速更快
IMAX
高出32.8%
2.3%
两年增速更快
IMAX
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $93.7M |
| 净利润 | $637.0K | — |
| 毛利率 | 57.6% | 39.0% |
| 营业利润率 | 19.3% | -1.0% |
| 净利率 | 0.5% | — |
| 营收同比 | 35.1% | 2.3% |
| 净利润同比 | -88.0% | — |
| 每股收益（稀释后） | $0.02 | $-0.11 |
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IMAXPACK
| Q4 25 | $125.2M | $93.7M | ||
| Q3 25 | $106.7M | $83.6M | ||
| Q2 25 | $91.7M | $77.8M | ||
| Q1 25 | $86.7M | $77.6M | ||
| Q4 24 | $92.7M | $91.6M | ||
| Q3 24 | $91.5M | $78.6M | ||
| Q2 24 | $89.0M | $72.8M | ||
| Q1 24 | $79.1M | $72.5M |
净利润IMAXPACK
| Q4 25 | $637.0K | — | ||
| Q3 25 | $20.7M | $-10.4M | ||
| Q2 25 | $11.3M | $-7.5M | ||
| Q1 25 | $2.3M | $-10.9M | ||
| Q4 24 | $5.3M | — | ||
| Q3 24 | $13.9M | $-8.1M | ||
| Q2 24 | $3.6M | $5.5M | ||
| Q1 24 | $3.3M | $-8.1M |
毛利率IMAXPACK
| Q4 25 | 57.6% | 39.0% | ||
| Q3 25 | 63.1% | 41.1% | ||
| Q2 25 | 58.5% | 37.1% | ||
| Q1 25 | 61.4% | 39.8% | ||
| Q4 24 | 52.2% | 45.2% | ||
| Q3 24 | 55.8% | 43.8% | ||
| Q2 24 | 49.4% | 43.5% | ||
| Q1 24 | 59.3% | 44.6% |
营业利润率IMAXPACK
| Q4 25 | 19.3% | -1.0% | ||
| Q3 25 | 27.2% | -6.8% | ||
| Q2 25 | 15.6% | -12.5% | ||
| Q1 25 | 19.3% | -10.3% | ||
| Q4 24 | 10.3% | 1.5% | ||
| Q3 24 | 21.2% | -5.3% | ||
| Q2 24 | 3.2% | -7.1% | ||
| Q1 24 | 15.3% | -6.6% |
净利率IMAXPACK
| Q4 25 | 0.5% | — | ||
| Q3 25 | 19.4% | -12.4% | ||
| Q2 25 | 12.3% | -9.6% | ||
| Q1 25 | 2.7% | -14.0% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 15.2% | -10.3% | ||
| Q2 24 | 4.0% | 7.6% | ||
| Q1 24 | 4.1% | -11.2% |
每股收益（稀释后）IMAXPACK
| Q4 25 | $0.02 | $-0.11 | ||
| Q3 25 | $0.37 | $-0.12 | ||
| Q2 25 | $0.20 | $-0.09 | ||
| Q1 25 | $0.04 | $-0.13 | ||
| Q4 24 | $0.09 | $-0.13 | ||
| Q3 24 | $0.26 | $-0.10 | ||
| Q2 24 | $0.07 | $0.07 | ||
| Q1 24 | $0.06 | $-0.10 |
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 | $63.0M |
| 总债务越低越好 | — | $401.9M |
| 股东权益账面价值 | $337.9M | $534.9M |
| 总资产 | $894.0M | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资IMAXPACK
| Q4 25 | $151.2M | $63.0M | ||
| Q3 25 | $143.1M | $49.9M | ||
| Q2 25 | $109.3M | $49.2M | ||
| Q1 25 | $97.1M | $65.5M | ||
| Q4 24 | $100.6M | $76.1M | ||
| Q3 24 | $104.5M | $69.5M | ||
| Q2 24 | $91.6M | $65.1M | ||
| Q1 24 | $81.0M | $55.1M |
总债务IMAXPACK
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
股东权益IMAXPACK
| Q4 25 | $337.9M | $534.9M | ||
| Q3 25 | $349.5M | $537.8M | ||
| Q2 25 | $320.4M | $539.0M | ||
| Q1 25 | $299.5M | $544.1M | ||
| Q4 24 | $299.5M | $548.1M | ||
| Q3 24 | $289.4M | $564.3M | ||
| Q2 24 | $267.2M | $566.2M | ||
| Q1 24 | $258.8M | $560.0M |
总资产IMAXPACK
| Q4 25 | $894.0M | $1.1B | ||
| Q3 25 | $889.6M | $1.1B | ||
| Q2 25 | $868.6M | $1.1B | ||
| Q1 25 | $848.3M | $1.1B | ||
| Q4 24 | $830.4M | $1.1B | ||
| Q3 24 | $847.6M | $1.1B | ||
| Q2 24 | $827.4M | $1.1B | ||
| Q1 24 | $824.1M | $1.1B |
负债/权益比IMAXPACK
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| 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IMAXPACK
| Q4 25 | $29.4M | $19.5M | ||
| Q3 25 | $67.5M | $8.5M | ||
| Q2 25 | $23.2M | $-3.6M | ||
| Q1 25 | $7.0M | $-1.3M | ||
| Q4 24 | $11.5M | $6.5M | ||
| Q3 24 | $35.3M | $10.1M | ||
| Q2 24 | $35.0M | $19.6M | ||
| Q1 24 | $-11.0M | $5.2M |
自由现金流IMAXPACK
| Q4 25 | $28.0M | — | ||
| Q3 25 | $64.8M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $6.9M | — | ||
| Q3 24 | $34.2M | — | ||
| Q2 24 | $33.5M | — | ||
| Q1 24 | $-12.1M | — |
自由现金流率IMAXPACK
| Q4 25 | 22.3% | — | ||
| Q3 25 | 60.7% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 37.6% | — | ||
| Q1 24 | -15.3% | — |
资本支出强度IMAXPACK
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 1.4% | — |
现金转化率IMAXPACK
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 9.78× | 3.56× | ||
| 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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
