vs
IMAX（IMAX）与null（SWIM）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null的1.3倍（$125.2M vs $100.0M），IMAX净利率更高（0.5% vs -7.0%，领先7.5%），IMAX同比增速更快（35.1% vs 14.5%），IMAX自由现金流更多（$28.0M vs $14.1M），过去两年IMAX的营收复合增速更高（25.8% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
IMAX vs SWIM — 直观对比
营收规模更大
IMAX
是对方的1.3倍
$100.0M
营收增速更快
IMAX
高出20.6%
14.5%
净利率更高
IMAX
高出7.5%
-7.0%
自由现金流更多
IMAX
多$13.9M
$14.1M
两年增速更快
IMAX
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $100.0M |
| 净利润 | $637.0K | $-7.0M |
| 毛利率 | 57.6% | 28.0% |
| 营业利润率 | 19.3% | -10.7% |
| 净利率 | 0.5% | -7.0% |
| 营收同比 | 35.1% | 14.5% |
| 净利润同比 | -88.0% | 76.0% |
| 每股收益（稀释后） | $0.02 | $-0.06 |
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IMAXSWIM
| Q4 25 | $125.2M | $100.0M | ||
| Q3 25 | $106.7M | $161.9M | ||
| Q2 25 | $91.7M | $172.6M | ||
| Q1 25 | $86.7M | $111.4M | ||
| Q4 24 | $92.7M | $87.3M | ||
| Q3 24 | $91.5M | $150.5M | ||
| Q2 24 | $89.0M | $160.1M | ||
| Q1 24 | $79.1M | $110.6M |
净利润IMAXSWIM
| Q4 25 | $637.0K | $-7.0M | ||
| Q3 25 | $20.7M | $8.1M | ||
| Q2 25 | $11.3M | $16.0M | ||
| Q1 25 | $2.3M | $-6.0M | ||
| Q4 24 | $5.3M | $-29.2M | ||
| Q3 24 | $13.9M | $5.9M | ||
| Q2 24 | $3.6M | $13.3M | ||
| Q1 24 | $3.3M | $-7.9M |
毛利率IMAXSWIM
| Q4 25 | 57.6% | 28.0% | ||
| Q3 25 | 63.1% | 35.4% | ||
| Q2 25 | 58.5% | 37.1% | ||
| Q1 25 | 61.4% | 29.5% | ||
| Q4 24 | 52.2% | 24.6% | ||
| Q3 24 | 55.8% | 32.4% | ||
| Q2 24 | 49.4% | 33.1% | ||
| Q1 24 | 59.3% | 27.7% |
营业利润率IMAXSWIM
| Q4 25 | 19.3% | -10.7% | ||
| Q3 25 | 27.2% | 13.3% | ||
| Q2 25 | 15.6% | 14.3% | ||
| Q1 25 | 19.3% | -4.4% | ||
| Q4 24 | 10.3% | -14.9% | ||
| Q3 24 | 21.2% | 8.9% | ||
| Q2 24 | 3.2% | 12.5% | ||
| Q1 24 | 15.3% | -1.9% |
净利率IMAXSWIM
| Q4 25 | 0.5% | -7.0% | ||
| Q3 25 | 19.4% | 5.0% | ||
| Q2 25 | 12.3% | 9.3% | ||
| Q1 25 | 2.7% | -5.4% | ||
| Q4 24 | 5.7% | -33.4% | ||
| Q3 24 | 15.2% | 3.9% | ||
| Q2 24 | 4.0% | 8.3% | ||
| Q1 24 | 4.1% | -7.1% |
每股收益（稀释后）IMAXSWIM
| Q4 25 | $0.02 | $-0.06 | ||
| Q3 25 | $0.37 | $0.07 | ||
| Q2 25 | $0.20 | $0.13 | ||
| Q1 25 | $0.04 | $-0.05 | ||
| Q4 24 | $0.09 | $-0.24 | ||
| Q3 24 | $0.26 | $0.05 | ||
| Q2 24 | $0.07 | $0.11 | ||
| Q1 24 | $0.06 | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $337.9M | $405.9M |
| 总资产 | $894.0M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资IMAXSWIM
| Q4 25 | $151.2M | — | ||
| Q3 25 | $143.1M | — | ||
| Q2 25 | $109.3M | — | ||
| Q1 25 | $97.1M | — | ||
| Q4 24 | $100.6M | — | ||
| Q3 24 | $104.5M | — | ||
| Q2 24 | $91.6M | — | ||
| Q1 24 | $81.0M | — |
总债务IMAXSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益IMAXSWIM
| Q4 25 | $337.9M | $405.9M | ||
| Q3 25 | $349.5M | $408.4M | ||
| Q2 25 | $320.4M | $398.4M | ||
| Q1 25 | $299.5M | $381.1M | ||
| Q4 24 | $299.5M | $387.2M | ||
| Q3 24 | $289.4M | $416.6M | ||
| Q2 24 | $267.2M | $408.1M | ||
| Q1 24 | $258.8M | $391.8M |
总资产IMAXSWIM
| Q4 25 | $894.0M | $823.2M | ||
| Q3 25 | $889.6M | $844.4M | ||
| Q2 25 | $868.6M | $822.1M | ||
| Q1 25 | $848.3M | $824.6M | ||
| Q4 24 | $830.4M | $794.2M | ||
| Q3 24 | $847.6M | $853.4M | ||
| Q2 24 | $827.4M | $830.0M | ||
| Q1 24 | $824.1M | $808.6M |
负债/权益比IMAXSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $14.1M |
| 自由现金流率自由现金流/营收 | 22.3% | 14.1% |
| 资本支出强度资本支出/营收 | 1.1% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流IMAXSWIM
| Q4 25 | $29.4M | $23.3M | ||
| Q3 25 | $67.5M | $51.0M | ||
| Q2 25 | $23.2M | $36.0M | ||
| Q1 25 | $7.0M | $-46.9M | ||
| Q4 24 | $11.5M | $6.2M | ||
| Q3 24 | $35.3M | $37.2M | ||
| Q2 24 | $35.0M | $52.4M | ||
| Q1 24 | $-11.0M | $-34.5M |
自由现金流IMAXSWIM
| Q4 25 | $28.0M | $14.1M | ||
| Q3 25 | $64.8M | $45.2M | ||
| Q2 25 | $20.9M | $29.1M | ||
| Q1 25 | $5.3M | $-50.3M | ||
| Q4 24 | $6.9M | $-98.0K | ||
| Q3 24 | $34.2M | $33.2M | ||
| Q2 24 | $33.5M | $47.9M | ||
| Q1 24 | $-12.1M | $-39.9M |
自由现金流率IMAXSWIM
| Q4 25 | 22.3% | 14.1% | ||
| Q3 25 | 60.7% | 27.9% | ||
| Q2 25 | 22.8% | 16.8% | ||
| Q1 25 | 6.1% | -45.2% | ||
| Q4 24 | 7.4% | -0.1% | ||
| Q3 24 | 37.3% | 22.1% | ||
| Q2 24 | 37.6% | 29.9% | ||
| Q1 24 | -15.3% | -36.0% |
资本支出强度IMAXSWIM
| Q4 25 | 1.1% | 9.2% | ||
| Q3 25 | 2.6% | 3.6% | ||
| Q2 25 | 2.6% | 4.0% | ||
| Q1 25 | 1.9% | 3.1% | ||
| Q4 24 | 5.0% | 7.2% | ||
| Q3 24 | 1.2% | 2.7% | ||
| Q2 24 | 1.8% | 2.8% | ||
| Q1 24 | 1.4% | 4.8% |
现金转化率IMAXSWIM
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | 6.29× | ||
| Q2 25 | 2.06× | 2.25× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | 6.32× | ||
| Q2 24 | 9.78× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
