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IMAX（IMAX）与Ribbon Communications Inc.（RBBN）财务数据对比。点击上方公司名可切换其他公司
Ribbon Communications Inc.的季度营收约是IMAX的1.3倍（$162.6M vs $125.2M），Ribbon Communications Inc.净利率更高（54.8% vs 0.5%，领先54.3%），IMAX同比增速更快（35.1% vs -10.3%），过去两年IMAX的营收复合增速更高（25.8% vs -8.1%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
IMAX vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.3倍
$125.2M
营收增速更快
IMAX
高出45.4%
-10.3%
净利率更高
RBBN
高出54.3%
0.5%
两年增速更快
IMAX
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $162.6M |
| 净利润 | $637.0K | $89.1M |
| 毛利率 | 57.6% | 42.9% |
| 营业利润率 | 19.3% | 37.6% |
| 净利率 | 0.5% | 54.8% |
| 营收同比 | 35.1% | -10.3% |
| 净利润同比 | -88.0% | — |
| 每股收益（稀释后） | $0.02 | $0.50 |
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IMAXRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $125.2M | $227.3M | ||
| Q3 25 | $106.7M | $215.4M | ||
| Q2 25 | $91.7M | $220.6M | ||
| Q1 25 | $86.7M | $181.3M | ||
| Q4 24 | $92.7M | $251.4M | ||
| Q3 24 | $91.5M | $210.2M | ||
| Q2 24 | $89.0M | $192.6M |
净利润IMAXRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $637.0K | — | ||
| Q3 25 | $20.7M | $-12.1M | ||
| Q2 25 | $11.3M | $-11.1M | ||
| Q1 25 | $2.3M | $-26.2M | ||
| Q4 24 | $5.3M | — | ||
| Q3 24 | $13.9M | $-13.4M | ||
| Q2 24 | $3.6M | $-16.8M |
毛利率IMAXRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 57.6% | 53.3% | ||
| Q3 25 | 63.1% | 50.1% | ||
| Q2 25 | 58.5% | 49.6% | ||
| Q1 25 | 61.4% | 45.4% | ||
| Q4 24 | 52.2% | 55.7% | ||
| Q3 24 | 55.8% | 52.1% | ||
| Q2 24 | 49.4% | 50.8% |
营业利润率IMAXRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 19.3% | 4.1% | ||
| Q3 25 | 27.2% | 1.3% | ||
| Q2 25 | 15.6% | 1.9% | ||
| Q1 25 | 19.3% | -10.8% | ||
| Q4 24 | 10.3% | 13.2% | ||
| Q3 24 | 21.2% | -0.4% | ||
| Q2 24 | 3.2% | -1.0% |
净利率IMAXRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 19.4% | -5.6% | ||
| Q2 25 | 12.3% | -5.0% | ||
| Q1 25 | 2.7% | -14.5% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 15.2% | -6.4% | ||
| Q2 24 | 4.0% | -8.7% |
每股收益（稀释后）IMAXRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.02 | $0.50 | ||
| Q3 25 | $0.37 | $-0.07 | ||
| Q2 25 | $0.20 | $-0.06 | ||
| Q1 25 | $0.04 | $-0.15 | ||
| Q4 24 | $0.09 | $0.05 | ||
| Q3 24 | $0.26 | $-0.08 | ||
| Q2 24 | $0.07 | $-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 | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $337.9M | $419.1M |
| 总资产 | $894.0M | — |
| 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IMAXRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $151.2M | $96.4M | ||
| Q3 25 | $143.1M | $74.8M | ||
| Q2 25 | $109.3M | $60.5M | ||
| Q1 25 | $97.1M | $71.2M | ||
| Q4 24 | $100.6M | $87.8M | ||
| Q3 24 | $104.5M | $37.2M | ||
| Q2 24 | $91.6M | $64.6M |
总债务IMAXRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益IMAXRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $337.9M | $449.0M | ||
| Q3 25 | $349.5M | $360.1M | ||
| Q2 25 | $320.4M | $370.4M | ||
| Q1 25 | $299.5M | $381.8M | ||
| Q4 24 | $299.5M | $404.6M | ||
| Q3 24 | $289.4M | $395.5M | ||
| Q2 24 | $267.2M | $405.0M |
总资产IMAXRBBN
| Q1 26 | — | — | ||
| Q4 25 | $894.0M | $1.2B | ||
| Q3 25 | $889.6M | $1.1B | ||
| Q2 25 | $868.6M | $1.1B | ||
| Q1 25 | $848.3M | $1.1B | ||
| Q4 24 | $830.4M | $1.2B | ||
| Q3 24 | $847.6M | $1.1B | ||
| Q2 24 | $827.4M | $1.1B |
负债/权益比IMAXRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.86× |
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IMAXRBBN
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $29.2M | ||
| Q3 25 | $67.5M | $26.5M | ||
| Q2 25 | $23.2M | $-795.0K | ||
| Q1 25 | $7.0M | $-3.5M | ||
| Q4 24 | $11.5M | $61.8M | ||
| Q3 24 | $35.3M | $-14.8M | ||
| Q2 24 | $35.0M | $-9.8M |
自由现金流IMAXRBBN
| Q1 26 | — | — | ||
| Q4 25 | $28.0M | $27.3M | ||
| Q3 25 | $64.8M | $21.0M | ||
| Q2 25 | $20.9M | $-6.5M | ||
| Q1 25 | $5.3M | $-15.7M | ||
| Q4 24 | $6.9M | $53.8M | ||
| Q3 24 | $34.2M | $-23.7M | ||
| Q2 24 | $33.5M | $-12.9M |
自由现金流率IMAXRBBN
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | 12.0% | ||
| Q3 25 | 60.7% | 9.7% | ||
| Q2 25 | 22.8% | -2.9% | ||
| Q1 25 | 6.1% | -8.7% | ||
| Q4 24 | 7.4% | 21.4% | ||
| Q3 24 | 37.3% | -11.3% | ||
| Q2 24 | 37.6% | -6.7% |
资本支出强度IMAXRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 2.6% | 2.6% | ||
| Q2 25 | 2.6% | 2.6% | ||
| Q1 25 | 1.9% | 6.7% | ||
| Q4 24 | 5.0% | 3.2% | ||
| Q3 24 | 1.2% | 4.2% | ||
| Q2 24 | 1.8% | 1.6% |
现金转化率IMAXRBBN
| Q1 26 | — | — | ||
| 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× | — |
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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
