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IMAX（IMAX）与Tilray Brands, Inc.（TLRY）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是IMAX的1.7倍（$217.5M vs $125.2M），IMAX净利率更高（0.5% vs -20.7%，领先21.2%），IMAX同比增速更快（35.1% vs 3.1%），过去两年IMAX的营收复合增速更高（25.8% vs 7.5%）
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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
IMAX vs TLRY — 直观对比
营收规模更大
TLRY
是对方的1.7倍
$125.2M
营收增速更快
IMAX
高出32.0%
3.1%
净利率更高
IMAX
高出21.2%
-20.7%
两年增速更快
IMAX
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $217.5M |
| 净利润 | $637.0K | $-44.9M |
| 毛利率 | 57.6% | 26.4% |
| 营业利润率 | 19.3% | -10.2% |
| 净利率 | 0.5% | -20.7% |
| 营收同比 | 35.1% | 3.1% |
| 净利润同比 | -88.0% | 47.4% |
| 每股收益（稀释后） | $0.02 | $-0.41 |
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IMAXTLRY
| Q4 25 | $125.2M | $217.5M | ||
| Q3 25 | $106.7M | $209.5M | ||
| Q2 25 | $91.7M | $224.5M | ||
| Q1 25 | $86.7M | $185.8M | ||
| Q4 24 | $92.7M | $210.9M | ||
| Q3 24 | $91.5M | $200.0M | ||
| Q2 24 | $89.0M | $229.9M | ||
| Q1 24 | $79.1M | $188.3M |
净利润IMAXTLRY
| Q4 25 | $637.0K | $-44.9M | ||
| Q3 25 | $20.7M | $-322.0K | ||
| Q2 25 | $11.3M | $-1.3B | ||
| Q1 25 | $2.3M | $-789.4M | ||
| Q4 24 | $5.3M | $-85.3M | ||
| Q3 24 | $13.9M | $-39.2M | ||
| Q2 24 | $3.6M | $-31.7M | ||
| Q1 24 | $3.3M | $-92.7M |
毛利率IMAXTLRY
| Q4 25 | 57.6% | 26.4% | ||
| Q3 25 | 63.1% | 27.4% | ||
| Q2 25 | 58.5% | 30.1% | ||
| Q1 25 | 61.4% | 28.0% | ||
| Q4 24 | 52.2% | 29.0% | ||
| Q3 24 | 55.8% | 29.8% | ||
| Q2 24 | 49.4% | 35.8% | ||
| Q1 24 | 59.3% | 26.2% |
营业利润率IMAXTLRY
| Q4 25 | 19.3% | -10.2% | ||
| Q3 25 | 27.2% | 1.0% | ||
| Q2 25 | 15.6% | -643.1% | ||
| Q1 25 | 19.3% | -409.0% | ||
| Q4 24 | 10.3% | -20.0% | ||
| Q3 24 | 21.2% | -18.3% | ||
| Q2 24 | 3.2% | -7.2% | ||
| Q1 24 | 15.3% | -43.6% |
净利率IMAXTLRY
| Q4 25 | 0.5% | -20.7% | ||
| Q3 25 | 19.4% | -0.2% | ||
| Q2 25 | 12.3% | -566.9% | ||
| Q1 25 | 2.7% | -424.9% | ||
| Q4 24 | 5.7% | -40.5% | ||
| Q3 24 | 15.2% | -19.6% | ||
| Q2 24 | 4.0% | -13.8% | ||
| Q1 24 | 4.1% | -49.2% |
每股收益（稀释后）IMAXTLRY
| Q4 25 | $0.02 | $-0.41 | ||
| Q3 25 | $0.37 | $0.00 | ||
| Q2 25 | $0.20 | $7.26 | ||
| Q1 25 | $0.04 | $-8.69 | ||
| Q4 24 | $0.09 | $-0.99 | ||
| Q3 24 | $0.26 | $-0.04 | ||
| Q2 24 | $0.07 | $-0.04 | ||
| Q1 24 | $0.06 | $-0.12 |
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 | $291.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $337.9M | $1.6B |
| 总资产 | $894.0M | $2.1B |
| 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IMAXTLRY
| Q4 25 | $151.2M | $291.6M | ||
| Q3 25 | $143.1M | $264.8M | ||
| Q2 25 | $109.3M | $256.4M | ||
| Q1 25 | $97.1M | — | ||
| Q4 24 | $100.6M | $252.2M | ||
| Q3 24 | $104.5M | $280.1M | ||
| Q2 24 | $91.6M | $260.5M | ||
| Q1 24 | $81.0M | $225.9M |
股东权益IMAXTLRY
| Q4 25 | $337.9M | $1.6B | ||
| Q3 25 | $349.5M | $1.5B | ||
| Q2 25 | $320.4M | $1.5B | ||
| Q1 25 | $299.5M | $2.7B | ||
| Q4 24 | $299.5M | $3.5B | ||
| Q3 24 | $289.4M | $3.5B | ||
| Q2 24 | $267.2M | $3.4B | ||
| Q1 24 | $258.8M | $3.4B |
总资产IMAXTLRY
| Q4 25 | $894.0M | $2.1B | ||
| Q3 25 | $889.6M | $2.1B | ||
| Q2 25 | $868.6M | $2.1B | ||
| Q1 25 | $848.3M | — | ||
| Q4 24 | $830.4M | $4.2B | ||
| Q3 24 | $847.6M | $4.3B | ||
| Q2 24 | $827.4M | $4.2B | ||
| Q1 24 | $824.1M | $4.2B |
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 | $-8.5M |
| 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IMAXTLRY
| Q4 25 | $29.4M | $-8.5M | ||
| Q3 25 | $67.5M | $-1.3M | ||
| Q2 25 | $23.2M | $-12.8M | ||
| Q1 25 | $7.0M | $-5.8M | ||
| Q4 24 | $11.5M | $-40.7M | ||
| Q3 24 | $35.3M | $-35.3M | ||
| Q2 24 | $35.0M | $30.7M | ||
| Q1 24 | $-11.0M | $-15.4M |
自由现金流IMAXTLRY
| Q4 25 | $28.0M | — | ||
| Q3 25 | $64.8M | — | ||
| Q2 25 | $20.9M | $-19.1M | ||
| Q1 25 | $5.3M | $-20.2M | ||
| Q4 24 | $6.9M | $-46.2M | ||
| Q3 24 | $34.2M | $-42.0M | ||
| Q2 24 | $33.5M | $21.0M | ||
| Q1 24 | $-12.1M | $-24.9M |
自由现金流率IMAXTLRY
| Q4 25 | 22.3% | — | ||
| Q3 25 | 60.7% | — | ||
| Q2 25 | 22.8% | -8.5% | ||
| Q1 25 | 6.1% | -10.9% | ||
| Q4 24 | 7.4% | -21.9% | ||
| Q3 24 | 37.3% | -21.0% | ||
| Q2 24 | 37.6% | 9.1% | ||
| Q1 24 | -15.3% | -13.2% |
资本支出强度IMAXTLRY
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.6% | 2.8% | ||
| Q1 25 | 1.9% | 7.8% | ||
| Q4 24 | 5.0% | 2.6% | ||
| Q3 24 | 1.2% | 3.4% | ||
| Q2 24 | 1.8% | 4.2% | ||
| Q1 24 | 1.4% | 5.1% |
现金转化率IMAXTLRY
| 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× | — | ||
| 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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
