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IMAX（IMAX）与Shoals Technologies Group, Inc.（SHLS）财务数据对比。点击上方公司名可切换其他公司
Shoals Technologies Group, Inc.的季度营收约是IMAX的1.2倍（$148.3M vs $125.2M），Shoals Technologies Group, Inc.净利率更高（5.5% vs 0.5%，领先5.0%），Shoals Technologies Group, Inc.同比增速更快（38.6% vs 35.1%），IMAX自由现金流更多（$28.0M vs $-11.3M），过去两年Shoals Technologies Group, Inc.的营收复合增速更高（27.8% vs 25.8%）
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。
Shoals科技集团是可再生能源及电动出行领域的电气系统平衡解决方案供应商，核心产品覆盖光伏、储能及充电桩用连接组件，主要服务北美、欧洲、亚太市场的公用事业、工商业及民用客户。
IMAX vs SHLS — 直观对比
营收规模更大
SHLS
是对方的1.2倍
$125.2M
营收增速更快
SHLS
高出3.5%
35.1%
净利率更高
SHLS
高出5.0%
0.5%
自由现金流更多
IMAX
多$39.2M
$-11.3M
两年增速更快
SHLS
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $148.3M |
| 净利润 | $637.0K | $8.1M |
| 毛利率 | 57.6% | 31.6% |
| 营业利润率 | 19.3% | 11.7% |
| 净利率 | 0.5% | 5.5% |
| 营收同比 | 35.1% | 38.6% |
| 净利润同比 | -88.0% | 3.9% |
| 每股收益（稀释后） | $0.02 | $0.05 |
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IMAXSHLS
| Q4 25 | $125.2M | $148.3M | ||
| Q3 25 | $106.7M | $135.8M | ||
| Q2 25 | $91.7M | $110.8M | ||
| Q1 25 | $86.7M | $80.4M | ||
| Q4 24 | $92.7M | $107.0M | ||
| Q3 24 | $91.5M | $102.2M | ||
| Q2 24 | $89.0M | $99.2M | ||
| Q1 24 | $79.1M | $90.8M |
净利润IMAXSHLS
| Q4 25 | $637.0K | $8.1M | ||
| Q3 25 | $20.7M | $11.9M | ||
| Q2 25 | $11.3M | $13.9M | ||
| Q1 25 | $2.3M | $-282.0K | ||
| Q4 24 | $5.3M | $7.8M | ||
| Q3 24 | $13.9M | $-267.0K | ||
| Q2 24 | $3.6M | $11.8M | ||
| Q1 24 | $3.3M | $4.8M |
毛利率IMAXSHLS
| Q4 25 | 57.6% | 31.6% | ||
| Q3 25 | 63.1% | 37.0% | ||
| Q2 25 | 58.5% | 37.2% | ||
| Q1 25 | 61.4% | 35.0% | ||
| Q4 24 | 52.2% | 37.6% | ||
| Q3 24 | 55.8% | 24.8% | ||
| Q2 24 | 49.4% | 40.3% | ||
| Q1 24 | 59.3% | 40.2% |
营业利润率IMAXSHLS
| Q4 25 | 19.3% | 11.7% | ||
| Q3 25 | 27.2% | 13.7% | ||
| Q2 25 | 15.6% | 14.4% | ||
| Q1 25 | 19.3% | 5.4% | ||
| Q4 24 | 10.3% | 15.4% | ||
| Q3 24 | 21.2% | 4.4% | ||
| Q2 24 | 3.2% | 18.7% | ||
| Q1 24 | 15.3% | 12.8% |
净利率IMAXSHLS
| Q4 25 | 0.5% | 5.5% | ||
| Q3 25 | 19.4% | 8.7% | ||
| Q2 25 | 12.3% | 12.5% | ||
| Q1 25 | 2.7% | -0.4% | ||
| Q4 24 | 5.7% | 7.3% | ||
| Q3 24 | 15.2% | -0.3% | ||
| Q2 24 | 4.0% | 11.9% | ||
| Q1 24 | 4.1% | 5.3% |
每股收益（稀释后）IMAXSHLS
| Q4 25 | $0.02 | $0.05 | ||
| Q3 25 | $0.37 | $0.07 | ||
| Q2 25 | $0.20 | $0.08 | ||
| Q1 25 | $0.04 | $0.00 | ||
| Q4 24 | $0.09 | $0.04 | ||
| Q3 24 | $0.26 | $0.00 | ||
| Q2 24 | $0.07 | $0.07 | ||
| Q1 24 | $0.06 | $0.03 |
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 | $7.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $337.9M | $600.0M |
| 总资产 | $894.0M | $904.1M |
| 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IMAXSHLS
| Q4 25 | $151.2M | $7.3M | ||
| Q3 25 | $143.1M | $8.6M | ||
| Q2 25 | $109.3M | $4.7M | ||
| Q1 25 | $97.1M | $35.6M | ||
| Q4 24 | $100.6M | $23.5M | ||
| Q3 24 | $104.5M | $11.1M | ||
| Q2 24 | $91.6M | $3.2M | ||
| Q1 24 | $81.0M | $15.2M |
总债务IMAXSHLS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
股东权益IMAXSHLS
| Q4 25 | $337.9M | $600.0M | ||
| Q3 25 | $349.5M | $589.6M | ||
| Q2 25 | $320.4M | $575.4M | ||
| Q1 25 | $299.5M | $558.9M | ||
| Q4 24 | $299.5M | $556.8M | ||
| Q3 24 | $289.4M | $545.2M | ||
| Q2 24 | $267.2M | $544.6M | ||
| Q1 24 | $258.8M | $554.0M |
总资产IMAXSHLS
| Q4 25 | $894.0M | $904.1M | ||
| Q3 25 | $889.6M | $851.8M | ||
| Q2 25 | $868.6M | $795.0M | ||
| Q1 25 | $848.3M | $788.4M | ||
| Q4 24 | $830.4M | $793.1M | ||
| Q3 24 | $847.6M | $801.3M | ||
| Q2 24 | $827.4M | $788.4M | ||
| Q1 24 | $824.1M | $825.3M |
负债/权益比IMAXSHLS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.30× |
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 | $-4.1M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $-11.3M |
| 自由现金流率自由现金流/营收 | 22.3% | -7.6% |
| 资本支出强度资本支出/营收 | 1.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 46.11× | -0.50× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $-16.0M |
8季度趋势，按日历期对齐
经营现金流IMAXSHLS
| Q4 25 | $29.4M | $-4.1M | ||
| Q3 25 | $67.5M | $19.4M | ||
| Q2 25 | $23.2M | $-13.8M | ||
| Q1 25 | $7.0M | $15.6M | ||
| Q4 24 | $11.5M | $14.0M | ||
| Q3 24 | $35.3M | $15.7M | ||
| Q2 24 | $35.0M | $37.8M | ||
| Q1 24 | $-11.0M | $12.9M |
自由现金流IMAXSHLS
| Q4 25 | $28.0M | $-11.3M | ||
| Q3 25 | $64.8M | $9.0M | ||
| Q2 25 | $20.9M | $-26.0M | ||
| Q1 25 | $5.3M | $12.3M | ||
| Q4 24 | $6.9M | $12.5M | ||
| Q3 24 | $34.2M | $13.3M | ||
| Q2 24 | $33.5M | $35.8M | ||
| Q1 24 | $-12.1M | $10.4M |
自由现金流率IMAXSHLS
| Q4 25 | 22.3% | -7.6% | ||
| Q3 25 | 60.7% | 6.6% | ||
| Q2 25 | 22.8% | -23.5% | ||
| Q1 25 | 6.1% | 15.4% | ||
| Q4 24 | 7.4% | 11.6% | ||
| Q3 24 | 37.3% | 13.0% | ||
| Q2 24 | 37.6% | 36.1% | ||
| Q1 24 | -15.3% | 11.4% |
资本支出强度IMAXSHLS
| Q4 25 | 1.1% | 4.8% | ||
| Q3 25 | 2.6% | 7.7% | ||
| Q2 25 | 2.6% | 11.0% | ||
| Q1 25 | 1.9% | 4.0% | ||
| Q4 24 | 5.0% | 1.4% | ||
| Q3 24 | 1.2% | 2.3% | ||
| Q2 24 | 1.8% | 2.0% | ||
| Q1 24 | 1.4% | 2.7% |
现金转化率IMAXSHLS
| Q4 25 | 46.11× | -0.50× | ||
| Q3 25 | 3.27× | 1.63× | ||
| Q2 25 | 2.06× | -1.00× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | 1.79× | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 9.78× | 3.21× | ||
| Q1 24 | -3.35× | 2.69× |
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% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
