vs
IMAX（IMAX）与WD 40 CO（WDFC）财务数据对比。点击上方公司名可切换其他公司
WD 40 CO的季度营收约是IMAX的1.2倍（$154.4M vs $125.2M），WD 40 CO净利率更高（11.3% vs 0.5%，领先10.8%），IMAX同比增速更快（35.1% vs 0.6%），IMAX自由现金流更多（$28.0M vs $9.1M），过去两年IMAX的营收复合增速更高（25.8% vs 5.4%）
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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
IMAX vs WDFC — 直观对比
营收规模更大
WDFC
是对方的1.2倍
$125.2M
营收增速更快
IMAX
高出34.5%
0.6%
净利率更高
WDFC
高出10.8%
0.5%
自由现金流更多
IMAX
多$18.9M
$9.1M
两年增速更快
IMAX
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $154.4M |
| 净利润 | $637.0K | $17.5M |
| 毛利率 | 57.6% | 56.2% |
| 营业利润率 | 19.3% | 15.1% |
| 净利率 | 0.5% | 11.3% |
| 营收同比 | 35.1% | 0.6% |
| 净利润同比 | -88.0% | -7.8% |
| 每股收益（稀释后） | $0.02 | $1.28 |
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IMAXWDFC
| Q4 25 | $125.2M | $154.4M | ||
| Q3 25 | $106.7M | $163.5M | ||
| Q2 25 | $91.7M | $156.9M | ||
| Q1 25 | $86.7M | $146.1M | ||
| Q4 24 | $92.7M | $153.5M | ||
| Q3 24 | $91.5M | $156.0M | ||
| Q2 24 | $89.0M | $155.0M | ||
| Q1 24 | $79.1M | $139.1M |
净利润IMAXWDFC
| Q4 25 | $637.0K | $17.5M | ||
| Q3 25 | $20.7M | $21.2M | ||
| Q2 25 | $11.3M | $21.0M | ||
| Q1 25 | $2.3M | $29.9M | ||
| Q4 24 | $5.3M | $18.9M | ||
| Q3 24 | $13.9M | $16.8M | ||
| Q2 24 | $3.6M | $19.8M | ||
| Q1 24 | $3.3M | $15.5M |
毛利率IMAXWDFC
| Q4 25 | 57.6% | 56.2% | ||
| Q3 25 | 63.1% | 54.7% | ||
| Q2 25 | 58.5% | 56.2% | ||
| Q1 25 | 61.4% | 54.6% | ||
| Q4 24 | 52.2% | 54.8% | ||
| Q3 24 | 55.8% | 54.1% | ||
| Q2 24 | 49.4% | 53.1% | ||
| Q1 24 | 59.3% | 52.4% |
营业利润率IMAXWDFC
| Q4 25 | 19.3% | 15.1% | ||
| Q3 25 | 27.2% | 17.1% | ||
| Q2 25 | 15.6% | 17.4% | ||
| Q1 25 | 19.3% | 15.9% | ||
| Q4 24 | 10.3% | 16.4% | ||
| Q3 24 | 21.2% | 15.4% | ||
| Q2 24 | 3.2% | 17.5% | ||
| Q1 24 | 15.3% | 15.1% |
净利率IMAXWDFC
| Q4 25 | 0.5% | 11.3% | ||
| Q3 25 | 19.4% | 13.0% | ||
| Q2 25 | 12.3% | 13.4% | ||
| Q1 25 | 2.7% | 20.4% | ||
| Q4 24 | 5.7% | 12.3% | ||
| Q3 24 | 15.2% | 10.8% | ||
| Q2 24 | 4.0% | 12.8% | ||
| Q1 24 | 4.1% | 11.2% |
每股收益（稀释后）IMAXWDFC
| Q4 25 | $0.02 | $1.28 | ||
| Q3 25 | $0.37 | $1.57 | ||
| Q2 25 | $0.20 | $1.54 | ||
| Q1 25 | $0.04 | $2.19 | ||
| Q4 24 | $0.09 | $1.39 | ||
| Q3 24 | $0.26 | $1.23 | ||
| Q2 24 | $0.07 | $1.46 | ||
| Q1 24 | $0.06 | $1.14 |
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 | $48.6M |
| 总债务越低越好 | — | $85.7M |
| 股东权益账面价值 | $337.9M | $264.1M |
| 总资产 | $894.0M | $459.7M |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资IMAXWDFC
| Q4 25 | $151.2M | $48.6M | ||
| Q3 25 | $143.1M | $58.1M | ||
| Q2 25 | $109.3M | $51.7M | ||
| Q1 25 | $97.1M | $53.0M | ||
| Q4 24 | $100.6M | $54.9M | ||
| Q3 24 | $104.5M | $46.7M | ||
| Q2 24 | $91.6M | $45.3M | ||
| Q1 24 | $81.0M | $55.4M |
总债务IMAXWDFC
| Q4 25 | — | $85.7M | ||
| Q3 25 | — | $86.2M | ||
| Q2 25 | — | $85.6M | ||
| Q1 25 | — | $84.4M | ||
| Q4 24 | — | $84.6M | ||
| Q3 24 | — | $86.0M | ||
| Q2 24 | — | $85.5M | ||
| Q1 24 | — | $85.9M |
股东权益IMAXWDFC
| Q4 25 | $337.9M | $264.1M | ||
| Q3 25 | $349.5M | $268.2M | ||
| Q2 25 | $320.4M | $257.1M | ||
| Q1 25 | $299.5M | $242.1M | ||
| Q4 24 | $299.5M | $226.3M | ||
| Q3 24 | $289.4M | $230.5M | ||
| Q2 24 | $267.2M | $222.2M | ||
| Q1 24 | $258.8M | $216.3M |
总资产IMAXWDFC
| Q4 25 | $894.0M | $459.7M | ||
| Q3 25 | $889.6M | $475.8M | ||
| Q2 25 | $868.6M | $456.0M | ||
| Q1 25 | $848.3M | $458.3M | ||
| Q4 24 | $830.4M | $447.3M | ||
| Q3 24 | $847.6M | $449.0M | ||
| Q2 24 | $827.4M | $443.6M | ||
| Q1 24 | $824.1M | $442.0M |
负债/权益比IMAXWDFC
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.40× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $9.1M |
| 自由现金流率自由现金流/营收 | 22.3% | 5.9% |
| 资本支出强度资本支出/营收 | 1.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 46.11× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $118.9M | $78.2M |
8季度趋势，按日历期对齐
经营现金流IMAXWDFC
| Q4 25 | $29.4M | $10.0M | ||
| Q3 25 | $67.5M | $29.9M | ||
| Q2 25 | $23.2M | $35.1M | ||
| Q1 25 | $7.0M | $8.0M | ||
| Q4 24 | $11.5M | $14.9M | ||
| Q3 24 | $35.3M | $27.2M | ||
| Q2 24 | $35.0M | $19.9M | ||
| Q1 24 | $-11.0M | $18.0M |
自由现金流IMAXWDFC
| Q4 25 | $28.0M | $9.1M | ||
| Q3 25 | $64.8M | $28.6M | ||
| Q2 25 | $20.9M | $34.0M | ||
| Q1 25 | $5.3M | $6.6M | ||
| Q4 24 | $6.9M | $14.2M | ||
| Q3 24 | $34.2M | $26.4M | ||
| Q2 24 | $33.5M | $18.7M | ||
| Q1 24 | $-12.1M | $16.7M |
自由现金流率IMAXWDFC
| Q4 25 | 22.3% | 5.9% | ||
| Q3 25 | 60.7% | 17.5% | ||
| Q2 25 | 22.8% | 21.6% | ||
| Q1 25 | 6.1% | 4.5% | ||
| Q4 24 | 7.4% | 9.3% | ||
| Q3 24 | 37.3% | 16.9% | ||
| Q2 24 | 37.6% | 12.0% | ||
| Q1 24 | -15.3% | 12.0% |
资本支出强度IMAXWDFC
| Q4 25 | 1.1% | 0.6% | ||
| Q3 25 | 2.6% | 0.8% | ||
| Q2 25 | 2.6% | 0.7% | ||
| Q1 25 | 1.9% | 0.9% | ||
| Q4 24 | 5.0% | 0.5% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 1.8% | 0.8% | ||
| Q1 24 | 1.4% | 0.9% |
现金转化率IMAXWDFC
| Q4 25 | 46.11× | 0.57× | ||
| Q3 25 | 3.27× | 1.41× | ||
| Q2 25 | 2.06× | 1.67× | ||
| Q1 25 | 2.99× | 0.27× | ||
| Q4 24 | 2.16× | 0.79× | ||
| Q3 24 | 2.54× | 1.62× | ||
| Q2 24 | 9.78× | 1.00× | ||
| Q1 24 | -3.35× | 1.16× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
