vs
IMAX（IMAX）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是IMAX的1.7倍（$210.4M vs $125.2M），福尼克斯净利率更高（10.9% vs 0.5%，领先10.4%），IMAX同比增速更快（35.1% vs -5.5%），IMAX自由现金流更多（$28.0M vs $25.2M），过去两年IMAX的营收复合增速更高（25.8% vs -3.8%）
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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
IMAX vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.7倍
$125.2M
营收增速更快
IMAX
高出40.6%
-5.5%
净利率更高
PLAB
高出10.4%
0.5%
自由现金流更多
IMAX
多$2.7M
$25.2M
两年增速更快
IMAX
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $210.4M |
| 净利润 | $637.0K | $22.9M |
| 毛利率 | 57.6% | 33.7% |
| 营业利润率 | 19.3% | 22.9% |
| 净利率 | 0.5% | 10.9% |
| 营收同比 | 35.1% | -5.5% |
| 净利润同比 | -88.0% | -32.4% |
| 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IMAXPLAB
| Q4 25 | $125.2M | — | ||
| Q3 25 | $106.7M | $210.4M | ||
| Q2 25 | $91.7M | $211.0M | ||
| Q1 25 | $86.7M | $212.1M | ||
| Q4 24 | $92.7M | $222.6M | ||
| Q3 24 | $91.5M | $211.0M | ||
| Q2 24 | $89.0M | $217.0M | ||
| Q1 24 | $79.1M | $216.3M |
净利润IMAXPLAB
| Q4 25 | $637.0K | — | ||
| Q3 25 | $20.7M | $22.9M | ||
| Q2 25 | $11.3M | $8.9M | ||
| Q1 25 | $2.3M | $42.9M | ||
| Q4 24 | $5.3M | $33.9M | ||
| Q3 24 | $13.9M | $34.4M | ||
| Q2 24 | $3.6M | $36.3M | ||
| Q1 24 | $3.3M | $26.2M |
毛利率IMAXPLAB
| Q4 25 | 57.6% | — | ||
| Q3 25 | 63.1% | 33.7% | ||
| Q2 25 | 58.5% | 36.9% | ||
| Q1 25 | 61.4% | 35.6% | ||
| Q4 24 | 52.2% | 37.0% | ||
| Q3 24 | 55.8% | 35.6% | ||
| Q2 24 | 49.4% | 36.5% | ||
| Q1 24 | 59.3% | 36.6% |
营业利润率IMAXPLAB
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.2% | 22.9% | ||
| Q2 25 | 15.6% | 26.4% | ||
| Q1 25 | 19.3% | 24.6% | ||
| Q4 24 | 10.3% | 25.1% | ||
| Q3 24 | 21.2% | 24.7% | ||
| Q2 24 | 3.2% | 25.8% | ||
| Q1 24 | 15.3% | 26.6% |
净利率IMAXPLAB
| Q4 25 | 0.5% | — | ||
| Q3 25 | 19.4% | 10.9% | ||
| Q2 25 | 12.3% | 4.2% | ||
| Q1 25 | 2.7% | 20.2% | ||
| Q4 24 | 5.7% | 15.2% | ||
| Q3 24 | 15.2% | 16.3% | ||
| Q2 24 | 4.0% | 16.7% | ||
| Q1 24 | 4.1% | 12.1% |
每股收益（稀释后）IMAXPLAB
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.37 | $0.39 | ||
| Q2 25 | $0.20 | $0.15 | ||
| Q1 25 | $0.04 | $0.68 | ||
| Q4 24 | $0.09 | $0.54 | ||
| Q3 24 | $0.26 | $0.55 | ||
| Q2 24 | $0.07 | $0.58 | ||
| Q1 24 | $0.06 | $0.42 |
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 | $575.8M |
| 总债务越低越好 | — | $16.0K |
| 股东权益账面价值 | $337.9M | $1.1B |
| 总资产 | $894.0M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资IMAXPLAB
| Q4 25 | $151.2M | — | ||
| Q3 25 | $143.1M | $575.8M | ||
| Q2 25 | $109.3M | $558.4M | ||
| Q1 25 | $97.1M | $642.2M | ||
| Q4 24 | $100.6M | $640.7M | ||
| Q3 24 | $104.5M | $606.4M | ||
| Q2 24 | $91.6M | $559.9M | ||
| Q1 24 | $81.0M | $521.5M |
总债务IMAXPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
股东权益IMAXPLAB
| Q4 25 | $337.9M | — | ||
| Q3 25 | $349.5M | $1.1B | ||
| Q2 25 | $320.4M | $1.1B | ||
| Q1 25 | $299.5M | $1.1B | ||
| Q4 24 | $299.5M | $1.1B | ||
| Q3 24 | $289.4M | $1.1B | ||
| Q2 24 | $267.2M | $1.0B | ||
| Q1 24 | $258.8M | $1.0B |
总资产IMAXPLAB
| Q4 25 | $894.0M | — | ||
| Q3 25 | $889.6M | $1.8B | ||
| Q2 25 | $868.6M | $1.7B | ||
| Q1 25 | $848.3M | $1.7B | ||
| Q4 24 | $830.4M | $1.7B | ||
| Q3 24 | $847.6M | $1.6B | ||
| Q2 24 | $827.4M | $1.6B | ||
| Q1 24 | $824.1M | $1.6B |
负债/权益比IMAXPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $25.2M |
| 自由现金流率自由现金流/营收 | 22.3% | 12.0% |
| 资本支出强度资本支出/营收 | 1.1% | 11.8% |
| 现金转化率经营现金流/净利润 | 46.11× | 2.19× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $64.5M |
8季度趋势，按日历期对齐
经营现金流IMAXPLAB
| Q4 25 | $29.4M | — | ||
| Q3 25 | $67.5M | $50.1M | ||
| Q2 25 | $23.2M | $31.5M | ||
| Q1 25 | $7.0M | $78.5M | ||
| Q4 24 | $11.5M | $68.4M | ||
| Q3 24 | $35.3M | $75.1M | ||
| Q2 24 | $35.0M | $76.5M | ||
| Q1 24 | $-11.0M | $41.5M |
自由现金流IMAXPLAB
| Q4 25 | $28.0M | — | ||
| Q3 25 | $64.8M | $25.2M | ||
| Q2 25 | $20.9M | $-29.1M | ||
| Q1 25 | $5.3M | $43.3M | ||
| Q4 24 | $6.9M | $25.2M | ||
| Q3 24 | $34.2M | $50.7M | ||
| Q2 24 | $33.5M | $56.5M | ||
| Q1 24 | $-12.1M | $-1.8M |
自由现金流率IMAXPLAB
| Q4 25 | 22.3% | — | ||
| Q3 25 | 60.7% | 12.0% | ||
| Q2 25 | 22.8% | -13.8% | ||
| Q1 25 | 6.1% | 20.4% | ||
| Q4 24 | 7.4% | 11.3% | ||
| Q3 24 | 37.3% | 24.0% | ||
| Q2 24 | 37.6% | 26.0% | ||
| Q1 24 | -15.3% | -0.8% |
资本支出强度IMAXPLAB
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.6% | 11.8% | ||
| Q2 25 | 2.6% | 28.7% | ||
| Q1 25 | 1.9% | 16.6% | ||
| Q4 24 | 5.0% | 19.4% | ||
| Q3 24 | 1.2% | 11.6% | ||
| Q2 24 | 1.8% | 9.2% | ||
| Q1 24 | 1.4% | 20.0% |
现金转化率IMAXPLAB
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | 2.19× | ||
| Q2 25 | 2.06× | 3.55× | ||
| Q1 25 | 2.99× | 1.83× | ||
| Q4 24 | 2.16× | 2.02× | ||
| Q3 24 | 2.54× | 2.18× | ||
| Q2 24 | 9.78× | 2.11× | ||
| Q1 24 | -3.35× | 1.59× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
