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IMAX（IMAX）与RE/MAX Holdings, Inc.（RMAX）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RE/MAX Holdings, Inc.的1.8倍（$125.2M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs 0.5%，领先1.5%），IMAX同比增速更快（35.1% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $28.0M），过去两年IMAX的营收复合增速更高（25.8% vs -4.7%）
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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
IMAX vs RMAX — 直观对比
营收规模更大
IMAX
是对方的1.8倍
$71.1M
营收增速更快
IMAX
高出36.9%
-1.8%
净利率更高
RMAX
高出1.5%
0.5%
自由现金流更多
RMAX
多$5.5M
$28.0M
两年增速更快
IMAX
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $71.1M |
| 净利润 | $637.0K | $1.4M |
| 毛利率 | 57.6% | — |
| 营业利润率 | 19.3% | 13.1% |
| 净利率 | 0.5% | 2.0% |
| 营收同比 | 35.1% | -1.8% |
| 净利润同比 | -88.0% | -75.2% |
| 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IMAXRMAX
| Q4 25 | $125.2M | $71.1M | ||
| Q3 25 | $106.7M | $73.2M | ||
| Q2 25 | $91.7M | $72.8M | ||
| Q1 25 | $86.7M | $74.5M | ||
| Q4 24 | $92.7M | $72.5M | ||
| Q3 24 | $91.5M | $78.5M | ||
| Q2 24 | $89.0M | $78.5M | ||
| Q1 24 | $79.1M | $78.3M |
净利润IMAXRMAX
| Q4 25 | $637.0K | $1.4M | ||
| Q3 25 | $20.7M | $4.0M | ||
| Q2 25 | $11.3M | $4.7M | ||
| Q1 25 | $2.3M | $-2.0M | ||
| Q4 24 | $5.3M | $5.8M | ||
| Q3 24 | $13.9M | $966.0K | ||
| Q2 24 | $3.6M | $3.7M | ||
| Q1 24 | $3.3M | $-3.4M |
毛利率IMAXRMAX
| Q4 25 | 57.6% | — | ||
| Q3 25 | 63.1% | — | ||
| Q2 25 | 58.5% | — | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 52.2% | — | ||
| Q3 24 | 55.8% | — | ||
| Q2 24 | 49.4% | — | ||
| Q1 24 | 59.3% | — |
营业利润率IMAXRMAX
| Q4 25 | 19.3% | 13.1% | ||
| Q3 25 | 27.2% | 25.0% | ||
| Q2 25 | 15.6% | 19.3% | ||
| Q1 25 | 19.3% | 7.2% | ||
| Q4 24 | 10.3% | 5.9% | ||
| Q3 24 | 21.2% | 19.4% | ||
| Q2 24 | 3.2% | 20.6% | ||
| Q1 24 | 15.3% | 5.8% |
净利率IMAXRMAX
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 19.4% | 5.4% | ||
| Q2 25 | 12.3% | 6.4% | ||
| Q1 25 | 2.7% | -2.6% | ||
| Q4 24 | 5.7% | 8.0% | ||
| Q3 24 | 15.2% | 1.2% | ||
| Q2 24 | 4.0% | 4.7% | ||
| Q1 24 | 4.1% | -4.3% |
每股收益（稀释后）IMAXRMAX
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.37 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.26 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $0.06 | — |
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 | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $337.9M | $452.4M |
| 总资产 | $894.0M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资IMAXRMAX
| Q4 25 | $151.2M | $118.7M | ||
| Q3 25 | $143.1M | $107.5M | ||
| Q2 25 | $109.3M | $94.3M | ||
| Q1 25 | $97.1M | $89.1M | ||
| Q4 24 | $100.6M | $96.6M | ||
| Q3 24 | $104.5M | $83.8M | ||
| Q2 24 | $91.6M | $66.1M | ||
| Q1 24 | $81.0M | $82.1M |
总债务IMAXRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益IMAXRMAX
| Q4 25 | $337.9M | $452.4M | ||
| Q3 25 | $349.5M | $448.1M | ||
| Q2 25 | $320.4M | $442.4M | ||
| Q1 25 | $299.5M | $433.5M | ||
| Q4 24 | $299.5M | $429.5M | ||
| Q3 24 | $289.4M | $423.1M | ||
| Q2 24 | $267.2M | $418.4M | ||
| Q1 24 | $258.8M | $412.0M |
总资产IMAXRMAX
| Q4 25 | $894.0M | $582.5M | ||
| Q3 25 | $889.6M | $582.2M | ||
| Q2 25 | $868.6M | $574.8M | ||
| Q1 25 | $848.3M | $571.4M | ||
| Q4 24 | $830.4M | $581.6M | ||
| Q3 24 | $847.6M | $578.6M | ||
| Q2 24 | $827.4M | $571.4M | ||
| Q1 24 | $824.1M | $566.7M |
负债/权益比IMAXRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $33.5M |
| 自由现金流率自由现金流/营收 | 22.3% | 47.1% |
| 资本支出强度资本支出/营收 | 1.1% | 10.4% |
| 现金转化率经营现金流/净利润 | 46.11× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $56.8M |
8季度趋势，按日历期对齐
经营现金流IMAXRMAX
| Q4 25 | $29.4M | $40.9M | ||
| Q3 25 | $67.5M | $17.7M | ||
| Q2 25 | $23.2M | $4.6M | ||
| Q1 25 | $7.0M | $5.7M | ||
| Q4 24 | $11.5M | $59.7M | ||
| Q3 24 | $35.3M | $17.6M | ||
| Q2 24 | $35.0M | $15.9M | ||
| Q1 24 | $-11.0M | $9.4M |
自由现金流IMAXRMAX
| Q4 25 | $28.0M | $33.5M | ||
| Q3 25 | $64.8M | $16.4M | ||
| Q2 25 | $20.9M | $2.9M | ||
| Q1 25 | $5.3M | $4.0M | ||
| Q4 24 | $6.9M | $53.0M | ||
| Q3 24 | $34.2M | $16.3M | ||
| Q2 24 | $33.5M | $14.0M | ||
| Q1 24 | $-12.1M | $6.8M |
自由现金流率IMAXRMAX
| Q4 25 | 22.3% | 47.1% | ||
| Q3 25 | 60.7% | 22.4% | ||
| Q2 25 | 22.8% | 4.0% | ||
| Q1 25 | 6.1% | 5.3% | ||
| Q4 24 | 7.4% | 73.2% | ||
| Q3 24 | 37.3% | 20.8% | ||
| Q2 24 | 37.6% | 17.8% | ||
| Q1 24 | -15.3% | 8.6% |
资本支出强度IMAXRMAX
| Q4 25 | 1.1% | 10.4% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 2.6% | 2.2% | ||
| Q1 25 | 1.9% | 2.3% | ||
| Q4 24 | 5.0% | 9.1% | ||
| Q3 24 | 1.2% | 1.7% | ||
| Q2 24 | 1.8% | 2.4% | ||
| Q1 24 | 1.4% | 3.3% |
现金转化率IMAXRMAX
| Q4 25 | 46.11× | 28.39× | ||
| Q3 25 | 3.27× | 4.45× | ||
| Q2 25 | 2.06× | 0.97× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | 10.28× | ||
| Q3 24 | 2.54× | 18.22× | ||
| Q2 24 | 9.78× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
