IMAX Corporation

IMAX Communication Services Entertainment

IMAX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $410.2 million, up 16.5% from fiscal 2024. In the quarter to June 2026, revenue grew 12.2%, EPS grew 33.3%, free cash flow grew 63.4% and total debt fell 18.3%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years.

50.82 0.73 −1.42%
Market cap
$2.8B
P/E
67.8×
Fwd P/E
30.7×
Dividend yield
—
F-score
8/9
Altman Z
3.05
Beneish M
−2.93
Dividend safety
n/a

Insider Decisions trades per month

Total sells 74.66
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 5 1 — — 2 5 — — — 6 1 —
Insider Ownership 18.96%

Capital & Financial Ratios $m

Market Cap 2,830.00
Revenue 416.08
Net Income 47.12
Free Cash Flow 122.49
Net Debt (121.08)
Current Ratio 1.24
Debt/Equity 0.09 (at or below 0.5: strong)
P/E ratio 67.76 (above 35: high)
Fwd P/E 30.70
P/S ratio 6.71
P/B ratio 6.21 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 42.56% (at or above 15%: strong)
Next Y EPS Growth 5.96%
Next Y revenue growth 13.14% (at or above 10%: strong)
Next 5Y EPS Growth 19.24% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 70.50%
10-year low 10-year high
P/S against its own 10 years 93.66%
10-year low 10-year high
P/B against its own 10 years 98.34%
10-year low 10-year high
EV/Sales against its own 10 years 93.77%
10-year low 10-year high
EV/FCF against its own 10 years 48.95%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 76 101 151 160
Receivables 328 310 321 330
Inventory 32 33 33 39
Other 7 9 16 18
455 465 536 562
2023 2024 2025 Q'26
Payables 26 20 19 23
ST’ Debt 23 36 35 39
Other — — — —
457 440 454 455

Compound Annual Growth %

10y 5y 3y
Sales 0.93% 24.52% 10.89%
Cash Flow 4.20% 0.00% 94.31%
Earnings (4.60%) 0.00% 0.00%
Book Value (4.46%) (1.65%) 9.08%

Revenue $m

Mar Jun Sep Dec Year
’26 81 103 — — —
’25 87 92 107 125 410
’24 79 89 91 93 352
’23 87 98 104 86 375
’22 60 74 69 98 301
’21 39 51 57 109 255
’20 35 9 37 56 137
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 4 32 — — —
’25 7 23 68 29 127
’24 (11) 35 35 11 71
’23 21 5 29 4 59
’22 (4) (2) 6 17 17
’21 (11) (6) (3) 26 6
’20 6 (27) (10) 8 (23)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1 31 — — —
’25 4 19 64 27 114
’24 (14) 32 33 3 54
’23 19 2 25 (3) 44
’22 (5) (5) 2 13 5
’21 (13) (8) (4) 24 (2)
’20 5 (28) (10) 8 (26)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.07 0.27 — — —
’25 0.04 0.20 0.37 0.01 0.63
’24 0.06 0.07 0.26 0.10 0.48
’23 0.04 0.15 0.22 0.05 0.46
’22 (0.23) (0.05) (0.16) 0.05 (0.40)
’21 (0.25) (0.16) (0.14) 0.17 (0.38)
’20 (0.82) (0.44) (0.80) (0.36) (2.43)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 25.52 17.58 17.55 18.42 6.01 13.60 12.13 14.52 13.20 20.48

Analyst estimates 2026–2028

Powerpack
High 35.30 34.60 26.10 25.75 21.00 25.05 21.25 21.82 26.84 39.98
People
People Employees 703 606 660 673 622 665 779 697 700 679
Revenue/emp, $m 0.54 0.63 0.57 0.59 0.22 0.38 0.39 0.54 0.50 0.60
Income, $m
Income, $m Revenue 377 381 374 396 137 255 301 375 352 410
Gross margin, % 53.71 48.65 55.54 54.13 15.72 52.73 51.98 57.18 54.00 60.02
EBT 58 30 44 75 (129) 11 (10) 46 38 63
EBT margin, % 15.33 7.88 11.65 19.04 (94.25) 4.31 (3.25) 12.30 10.70 15.43
Net income 39 13 34 59 (157) (10) (20) 33 33 46
Depreciation 46 67 57 63 54 59 60 62 67 64
Per share, $
Per share, $ Revenue 5.58 5.82 5.94 6.45 2.31 4.31 5.31 6.90 6.69 7.65
Earnings 0.43 0.04 0.36 0.76 (2.43) (0.38) (0.40) 0.47 0.49 0.65
Cash flow 1.15 1.31 1.74 1.47 (0.39) 0.10 0.31 1.08 1.35 2.37
Capex (0.30) (0.45) (0.35) (0.12) (0.04) (0.13) (0.23) (0.27) (0.32) (0.25)
Free cash flow 0.86 0.86 1.39 1.35 (0.43) (0.03) 0.08 0.81 1.02 2.12
Book value 9.20 9.21 9.40 10.39 7.83 7.27 5.81 6.35 7.17 7.96
Shares, m 68 65 63 61 59 59 57 54 53 54
Valuation, ×
Valuation, × P/E 74.19 580.00 52.25 26.88 0.00 0.00 0.00 31.87 52.24 57.75
P/S 5.71 3.98 3.17 3.17 7.79 4.14 2.78 2.17 3.83 4.83
P/B 3.47 2.52 2.00 1.97 2.30 2.46 2.54 2.36 3.57 4.64
EV/Sales 5.24 3.63 2.89 2.94 7.71 3.40 2.57 2.03 3.64 4.55
EV/FCF 34.22 24.70 12.32 15.36 (41.22) (536.53) 171.78 17.37 23.79 16.43
Cash, $m
Cash, $m Operating cash flow 78 85 110 90 (23) 6 17 59 71 127
Capex (20) (29) (22) (7) (3) (8) (13) (15) (17) (13)
Free cash flow 58 56 88 83 (26) (2) 5 44 54 114
Balance, $m
Balance, $m Working capital 258 199 195 202 88 93 (20) (2) 26 82
Total debt 27 25 38 18 306 2 36 23 36 35
Net debt (177) (133) (104) (91) (12) (187) (61) (53) (64) (117)
Shareholders’ equity 622 602 593 637 464 430 329 345 378 427
Returns, %
Returns, % ROA 3.22 0.27 2.63 5.32 (15.24) (2.37) (2.68) 3.10 3.17 4.04
ROIC 8.19 4.19 5.77 8.85 (16.83) 2.83 (1.13) 10.80 8.75 16.96
ROE 4.44 0.38 3.82 7.62 (26.11) (5.00) (6.01) 7.52 7.21 8.67
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

IMAX Corporation vs peers in Entertainment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CNK Cinemark Holdings Inc $4.5B 20.7× 14.7× +15.51% (above 0%: growing) +46.34% (above 0%: growing) +21.34% (above 0%: growing) 42.97% 21.45% Compare
VSNT Versant Media Group, Inc. $4.3B 3.9× 9.8× — — −23.41% (below 0%: shrinking) 60.46% 22.32% Compare
SPHR Sphere Entertainment Co. $3.9B — (loss-making) — (loss-making) +10.95% (above 0%: growing) n/m −92.89% (below 0%: shrinking) 51.84% (19.53%) Compare
MSGE Madison Square Garden Entertainment Corp. $3.8B 55.5× 31.2× +27.37% (above 0%: growing) n/m +33.34% (above 0%: growing) 38.63% (4.40%) Compare
MANU Manchester United Ltd. $3.6B — (loss-making) 75.1× −3.71% (below 0%: shrinking) n/m +47.29% (above 0%: growing) 100.00% (9.47%) Compare
BATRK Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — (loss-making) +8.59% (above 0%: growing) n/m −417.66% (below 0%: shrinking) 18.43% 0.00% Compare
BATRA Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — −2.34% (below 0%: shrinking) n/m −185.33% (below 0%: shrinking) 15.90% (6.08%) Compare
IMAX IMAX Corporation $2.8B 67.8× 30.7× +12.17% (above 0%: growing) +33.33% (above 0%: growing) +63.43% (above 0%: growing) 61.16% 20.20%
AMC AMC Entertainment Holdings, Inc. $2.7B — (loss-making) — (loss-making) +14.22% (above 0%: growing) n/m +113.27% (above 0%: growing) 65.68% 14.91% Compare
Median of peers $3.7B 20.7× 23.0× +10.95% — −1.03% 47.40% (2.20%)

All 53 Entertainment stocks →

IMAX Corporation (IMAX) key facts

  • Strength: IMAX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $410.2 million, up 16.5% from fiscal 2024.
  • Strength: Net income was $45.5 million, or $0.65 per share (basic), a net margin of 8.50%.
  • IMAX Corporation (IMAX) is an Entertainment company in the Communication Services sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, IMAX traded at $50.82, a market capitalization of $2.8 billion.
  • At that price the stock trades at 67.8× trailing-twelve-month earnings and 6.7× sales; its P/E is higher than 71% of its own readings over the past ten years.
  • Return on equity was 8.67% and debt-to-equity 0.09.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.05 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

IMAX Corporation (IMAX) Latest News

22 Sep

Impact 3 ·
stockrow.com/IMAX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com