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IMAX（IMAX）与Tecnoglass Inc.（TGLS）财务数据对比。点击上方公司名可切换其他公司
Tecnoglass Inc.的季度营收约是IMAX的2.0倍（$245.3M vs $125.2M），Tecnoglass Inc.净利率更高（10.6% vs 0.5%，领先10.1%），IMAX同比增速更快（35.1% vs 2.4%），IMAX自由现金流更多（$28.0M vs $11.4M），过去两年IMAX的营收复合增速更高（25.8% vs 12.8%）
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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
IMAX vs TGLS — 直观对比
营收规模更大
TGLS
是对方的2.0倍
$125.2M
营收增速更快
IMAX
高出32.7%
2.4%
净利率更高
TGLS
高出10.1%
0.5%
自由现金流更多
IMAX
多$16.5M
$11.4M
两年增速更快
IMAX
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $245.3M |
| 净利润 | $637.0K | $26.1M |
| 毛利率 | 57.6% | 40.0% |
| 营业利润率 | 19.3% | 18.3% |
| 净利率 | 0.5% | 10.6% |
| 营收同比 | 35.1% | 2.4% |
| 净利润同比 | -88.0% | -44.5% |
| 每股收益（稀释后） | $0.02 | $0.57 |
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IMAXTGLS
| Q4 25 | $125.2M | $245.3M | ||
| Q3 25 | $106.7M | $260.5M | ||
| Q2 25 | $91.7M | $255.5M | ||
| Q1 25 | $86.7M | $222.3M | ||
| Q4 24 | $92.7M | $239.6M | ||
| Q3 24 | $91.5M | $238.3M | ||
| Q2 24 | $89.0M | $219.7M | ||
| Q1 24 | $79.1M | $192.6M |
净利润IMAXTGLS
| Q4 25 | $637.0K | $26.1M | ||
| Q3 25 | $20.7M | $47.2M | ||
| Q2 25 | $11.3M | $44.1M | ||
| Q1 25 | $2.3M | $42.2M | ||
| Q4 24 | $5.3M | $47.0M | ||
| Q3 24 | $13.9M | $49.5M | ||
| Q2 24 | $3.6M | $35.0M | ||
| Q1 24 | $3.3M | $29.7M |
毛利率IMAXTGLS
| Q4 25 | 57.6% | 40.0% | ||
| Q3 25 | 63.1% | 42.7% | ||
| Q2 25 | 58.5% | 44.7% | ||
| Q1 25 | 61.4% | 43.9% | ||
| Q4 24 | 52.2% | 44.5% | ||
| Q3 24 | 55.8% | 45.8% | ||
| Q2 24 | 49.4% | 40.8% | ||
| Q1 24 | 59.3% | 38.8% |
营业利润率IMAXTGLS
| Q4 25 | 19.3% | 18.3% | ||
| Q3 25 | 27.2% | 25.1% | ||
| Q2 25 | 15.6% | 24.0% | ||
| Q1 25 | 19.3% | 26.7% | ||
| Q4 24 | 10.3% | 28.0% | ||
| Q3 24 | 21.2% | 28.4% | ||
| Q2 24 | 3.2% | 23.3% | ||
| Q1 24 | 15.3% | 21.3% |
净利率IMAXTGLS
| Q4 25 | 0.5% | 10.6% | ||
| Q3 25 | 19.4% | 18.1% | ||
| Q2 25 | 12.3% | 17.3% | ||
| Q1 25 | 2.7% | 19.0% | ||
| Q4 24 | 5.7% | 19.6% | ||
| Q3 24 | 15.2% | 20.8% | ||
| Q2 24 | 4.0% | 15.9% | ||
| Q1 24 | 4.1% | 15.4% |
每股收益（稀释后）IMAXTGLS
| Q4 25 | $0.02 | $0.57 | ||
| Q3 25 | $0.37 | $1.01 | ||
| Q2 25 | $0.20 | $0.94 | ||
| Q1 25 | $0.04 | $0.90 | ||
| Q4 24 | $0.09 | $1.00 | ||
| Q3 24 | $0.26 | $1.05 | ||
| Q2 24 | $0.07 | $0.75 | ||
| Q1 24 | $0.06 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | — | $174.4M |
| 股东权益账面价值 | $337.9M | $713.1M |
| 总资产 | $894.0M | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资IMAXTGLS
| Q4 25 | $151.2M | $104.1M | ||
| Q3 25 | $143.1M | $127.1M | ||
| Q2 25 | $109.3M | $140.9M | ||
| Q1 25 | $97.1M | $160.2M | ||
| Q4 24 | $100.6M | $137.5M | ||
| Q3 24 | $104.5M | $124.8M | ||
| Q2 24 | $91.6M | $129.5M | ||
| Q1 24 | $81.0M | $138.8M |
总债务IMAXTGLS
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
股东权益IMAXTGLS
| Q4 25 | $337.9M | $713.1M | ||
| Q3 25 | $349.5M | $764.0M | ||
| Q2 25 | $320.4M | $736.0M | ||
| Q1 25 | $299.5M | $685.1M | ||
| Q4 24 | $299.5M | $631.2M | ||
| Q3 24 | $289.4M | $613.3M | ||
| Q2 24 | $267.2M | $574.8M | ||
| Q1 24 | $258.8M | $573.6M |
总资产IMAXTGLS
| Q4 25 | $894.0M | $1.3B | ||
| Q3 25 | $889.6M | $1.2B | ||
| Q2 25 | $868.6M | $1.2B | ||
| Q1 25 | $848.3M | $1.1B | ||
| Q4 24 | $830.4M | $1.0B | ||
| Q3 24 | $847.6M | $996.3M | ||
| Q2 24 | $827.4M | $942.5M | ||
| Q1 24 | $824.1M | $981.6M |
负债/权益比IMAXTGLS
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $11.4M |
| 自由现金流率自由现金流/营收 | 22.3% | 4.7% |
| 资本支出强度资本支出/营收 | 1.1% | 8.0% |
| 现金转化率经营现金流/净利润 | 46.11× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $34.5M |
8季度趋势，按日历期对齐
经营现金流IMAXTGLS
| Q4 25 | $29.4M | $31.0M | ||
| Q3 25 | $67.5M | $40.0M | ||
| Q2 25 | $23.2M | $17.9M | ||
| Q1 25 | $7.0M | $46.9M | ||
| Q4 24 | $11.5M | $61.1M | ||
| Q3 24 | $35.3M | $41.5M | ||
| Q2 24 | $35.0M | $34.5M | ||
| Q1 24 | $-11.0M | $33.4M |
自由现金流IMAXTGLS
| Q4 25 | $28.0M | $11.4M | ||
| Q3 25 | $64.8M | $21.2M | ||
| Q2 25 | $20.9M | $-14.7M | ||
| Q1 25 | $5.3M | $16.5M | ||
| Q4 24 | $6.9M | $35.4M | ||
| Q3 24 | $34.2M | $17.8M | ||
| Q2 24 | $33.5M | $14.2M | ||
| Q1 24 | $-12.1M | $23.6M |
自由现金流率IMAXTGLS
| Q4 25 | 22.3% | 4.7% | ||
| Q3 25 | 60.7% | 8.2% | ||
| Q2 25 | 22.8% | -5.7% | ||
| Q1 25 | 6.1% | 7.4% | ||
| Q4 24 | 7.4% | 14.8% | ||
| Q3 24 | 37.3% | 7.5% | ||
| Q2 24 | 37.6% | 6.5% | ||
| Q1 24 | -15.3% | 12.2% |
资本支出强度IMAXTGLS
| Q4 25 | 1.1% | 8.0% | ||
| Q3 25 | 2.6% | 7.2% | ||
| Q2 25 | 2.6% | 12.7% | ||
| Q1 25 | 1.9% | 13.7% | ||
| Q4 24 | 5.0% | 10.7% | ||
| Q3 24 | 1.2% | 9.9% | ||
| Q2 24 | 1.8% | 9.2% | ||
| Q1 24 | 1.4% | 5.1% |
现金转化率IMAXTGLS
| Q4 25 | 46.11× | 1.19× | ||
| Q3 25 | 3.27× | 0.85× | ||
| Q2 25 | 2.06× | 0.41× | ||
| Q1 25 | 2.99× | 1.11× | ||
| Q4 24 | 2.16× | 1.30× | ||
| Q3 24 | 2.54× | 0.84× | ||
| Q2 24 | 9.78× | 0.98× | ||
| Q1 24 | -3.35× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
