IMAX
IMAX CORP
Other • CIK: 0000921582
Loading...
Market Cap
$1.98B
P/E (TTM)
57.7x
Rev Growth (TTM)
+16.5%
Net Margin (TTM)
8.5%
FCF Yield (TTM)
5.7%
FCF Margin (TTM)
27.7%
Cash Flow Health
Free Cash Flow7/8 positive
TTM$114M
Q4 '25
$27M-59%
Q3 '25
$64M+243%
FCF Margin
TTM27.7%
Q4 '2521.2%-65%
Sector: 0.0%Top 10%
OCF Margin31.0%
OCF/NI3.64x
CapEx Coverage15.6x
FCF Yield5.7%
FCF Growth (2Y)+47%
Cash Conversion Cycle
183 days
DSO: 104+DIO: 79−DPO: 0
Capital Allocation & Returns
Total Shareholder Yield
TTM0.0%
Div Yield0.0%
Insufficient data
Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$113.6M
Stock Repurchases ()$0
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
18.1%
Moderate
+0.1% YoY+6.1%
P25MedianP75
75th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
14.8%
8Q: 12.2%
Asset Turnover
0.47x
8Q: 0.43x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 7.0% ≈ 18.1% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
1.68x
8Q:1.51x
+53.4%
Invested Cap Turn
1.23x
8Q:1.08x
+43.5%
CapEx Intensity
2.4%
8Q:1.9%
CapEx/Depreciation
0.13x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $410.2M | $125.2M↑17.4% | $106.7M↑16.3% | $91.7M↑5.8% | $86.7M↓6.5% | $92.7M↑1.3% | $91.5M↑2.8% | $89.0M↑12.4% | $79.1M |
Operating Income | $84.2M | $24.1M↓17.0% | $29.0M↑102.5% | $14.3M↓14.3% | $16.7M↑75.9% | $9.5M↓51.0% | $19.4M↑575.9% | $2.9M↓76.2% | $12.1M |
Net Income | $34.9M | $637.0K↓96.9% | $20.7M↑83.5% | $11.3M↑383.7% | $2.3M↓56.1% | $5.3M↓61.8% | $13.9M↑287.8% | $3.6M↑9.4% | $3.3M |
Operating Cash Flow | $127.1M | $29.4M↓56.5% | $67.5M↑190.6% | $23.2M↑234.2% | $7.0M↓39.5% | $11.5M↓67.4% | $35.3M↑0.7% | $35.0M↑419.5% | $-11.0M |
Free Cash Flow | $113.6M | $26.5M↓58.7% | $64.2M↑243.0% | $18.7M↑359.8% | $4.1M↑26.2% | $3.2M↓90.1% | $32.5M↑2.2% | $31.9M↑333.1% | $-13.7M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
57.7x
Volatile
8Q: 247.8x+198201%
Valuation Lenses
Earnings
57.7x
vs – sector
Cash Flow
16.4x
EV/FCF vs –
Growth-Adj
2.0xPEG
Fair for growth
Quality-Adj
3.2P/E per %ROIC
ROIC: 18.1%
Shareholder Returns
Dividend
–
Buyback
–
Total Yield
–
Market Cap$1.98B
EV$1.86B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
79/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Above Avg
10.8%
8Q:–
Return on Invested Capital (ROIC)Top 25%
18.1%
8Q:–
+6.1%
vs Sector:0.0%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 14.8%
Asset Turnover: 0.47x
Earnings Quality
Cash Conversion
3.64x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin60.0%
Capital Efficiency
Invested Capital Turnover1.23x
Working Capital
Cash Conversion Cycle183 days
Growth Quality & Momentum
Quality Growth
Growth Quality Score
76/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
16.5%
OpInc Growth YoY
153.4%
EPS Growth YoY
29.2%
FCF 3Y CAGR
47.0%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
✓Sustainability Index: 7.5/10 - Highly sustainable growth
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
60.0%
Operating
20.5%
Top 25% in sector
Net
8.5%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+19.2 pts
FCF: 27.7% | Net: 8.5%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $151.17M
Interest Coverage
–
+Net cash position: $151.17M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis