IMAX Corporation IMAX

56.05 0.89 1.61% as of 25 Sep
Market cap
$3.0B
P/E
74.7×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 74.66
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — 5 1 — — 2 5 — — — 6 1
Insider Ownership 18.96%

Capital & Financial Ratios

Market Cap 3,030.00
Revenue 416.08
Net Income 47.12
Free Cash Flow 122.49
Net Debt (121.08)
Current Ratio 1.24
Debt/Equity 0.09
P/E ratio 74.73
P/S ratio 7.40
P/B ratio 6.85
Past 5Y EPS Growth (8.74%)
This Y EPS Growth 27.21%
Next Y EPS Growth 12.20%
Next 5Y EPS Growth 17.59%
in millions of $

Dividends

Payout Ratio 0.00
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 in italic, special payouts not included in total or ratios

Assets vs Liabilities

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
in millions of $

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

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
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

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)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

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)
in millions of $ · 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
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
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
Low Price
35.30 34.60 26.10 25.75 21.00 25.05 21.25 21.82 26.84 39.98
High Price
703 606 660 673 622 665 779 697 700 679
Employees
1 1 1 1 0 0 0 1 1 1
Revenue/Emp
377 381 374 396 137 255 301 375 352 410
Revenue
53.71% 48.65% 55.54% 54.13% 15.72% 52.73% 51.98% 57.18% 54.00% 60.02%
Gross Margin
58 30 44 75 (129) 11 (10) 46 38 63
EBT
15.33% 7.88% 11.65% 19.04% (94.25%) 4.31% (3.25%) 12.30% 10.70% 15.43%
EBT Margin
39 13 34 59 (157) (10) (20) 33 33 46
Net Income
46 67 57 63 54 59 60 62 67 64
Depreciation
5.58 5.82 5.94 6.45 2.31 4.31 5.31 6.90 6.69 7.65
Revenue/Sh
0.43 0.04 0.36 0.76 (2.43) (0.38) (0.40) 0.47 0.49 0.65
Earnings/Sh
1.15 1.31 1.74 1.47 (0.39) 0.10 0.31 1.08 1.35 2.37
Cash Flow/Sh
(0.30) (0.45) (0.35) (0.12) (0.04) (0.13) (0.23) (0.27) (0.32) (0.25)
Capex/Sh
0.86 0.86 1.39 1.35 (0.43) (0.03) 0.08 0.81 1.02 2.12
Free CF/Sh
9.20 9.21 9.40 10.39 7.83 7.27 5.81 6.35 7.17 7.96
Book Value/Sh
68 65 63 61 59 59 57 54 53 54
Shares
74.19 580.00 52.25 26.88 0.00 0.00 0.00 31.87 52.24 57.75
PE Ratio
5.71 3.98 3.17 3.17 7.79 4.14 2.78 2.17 3.83 4.83
PS Ratio
3.47 2.52 2.00 1.97 2.30 2.46 2.54 2.36 3.57 4.64
PB Ratio
5.24 3.63 2.89 2.94 7.71 3.40 2.57 2.03 3.64 4.55
EV/Sales
34.22 24.70 12.32 15.36 (41.22) (536.53) 171.78 17.37 23.79 16.43
EV/FCF
78 85 110 90 (23) 6 17 59 71 127
Op' Cash Flow
(20) (29) (22) (7) (3) (8) (13) (15) (17) (13)
Capex
58 56 88 83 (26) (2) 5 44 54 114
FCF
258 199 195 202 88 93 (20) (2) 26 82
Working Cap'
27 25 38 18 306 2 36 23 36 35
Total Debt
(177) (133) (104) (91) (12) (187) (61) (53) (64) (117)
Net Debt
622 602 593 637 464 430 329 345 378 427
Sh' Equity
3.22% 0.27% 2.63% 5.32% (15.24%) (2.37%) (2.68%) 3.10% 3.17% 4.04%
ROA
8.19% 4.19% 5.77% 8.85% (16.83%) 2.83% (1.13%) 10.80% 8.75% 16.96%
ROIC
4.44% 0.38% 3.82% 7.62% (26.11%) (5.00%) (6.01%) 7.52% 7.21% 8.67%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

IMAX Corporation (IMAX) key facts

  • IMAX Corporation (IMAX) is an Entertainment company in the Communication Services sector, listed on the New York Stock Exchange.
  • IMAX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $410.2 million, up 16.5% from fiscal 2024.
  • Net income was $45.5 million, or $0.65 per share (basic), a net margin of 8.50%.
  • As of September 25, 2026, IMAX traded at $56.05, a market capitalization of $3.0 billion.
  • At that price the stock trades at 74.7× trailing-twelve-month earnings and 7.4× sales.
  • Return on equity was 8.67% and debt-to-equity 0.09.

Source: company filings (standardised) and stockrow calculations.

IMAX Corporation (IMAX) Latest News

News by impact score

Fine-tune

24 Sep

4

Morgan Stanley started coverage on IMAX with an Overweight rating and a $63 price target, signaling more than 18% upside from the prior close as the stock rose about 1.7%. The firm says IMAX is becoming central to the moviegoing experience, with its expanding screen network and growing film slate creating a cycle of more screens, more releases and higher box-office revenue. Morgan Stanley and others project global IMAX box office rising from about $1.5 billion in 2026 to roughly $1.6–$1.7 billion by 2027–2028. Nine of 11 analysts tracked by Koyfin rate IMAX Buy or Strong Buy. The Odyssey, shot entirely on IMAX film, is cited as a catalyst underscoring premium demand and the value of IMAX technology. Stocktwits sentiment has shifted toward bullish, and IMAX has gained more than 42% year-to-date. Overweight stance with a $63 target signals sizable upside from IMAX's screen-network expansion and premium-content strategy.

3

StockStory flags IMAX as a profitable pick with solid fundamentals. IMAX posts trailing 12-month GAAP operating margin of 20.2%, about 17.9% five-year revenue growth, and a 24.8-point expansion in free cash flow margin, with returns on capital trending higher. At $54.44, the stock trades around 26x forward P/E, supported by strong growth and cash flow that fund investments, buybacks, and dividends. The piece notes market-share gains and improving returns on capital. It also covers Carlisle to sell due to flat organic growth and weaker earnings, and Cigna to watch because of large revenue scale and growing sales. A full free research report is offered to assess buy timing. Strong fundamentals and favorable valuation cited, but no new catalysts or near-term triggers to significantly shift IMAX's trajectory.

23 Sep

3

IMAX (IMAX) has outpaced its Consumer Discretionary peers so far this year, rising about 45% year-to-date while the sector declines roughly 13.6%. The stock carries a Zacks Rank of #2 (Buy) and has seen the full-year earnings consensus boosted about 15.3% over the last three months, signaling improving sentiment. Within the sector, IMAX sits in the Film and Television Production and Distribution industry (8 stocks) and is ahead of its group, which has gained around 5.3% YTD. Madison Square Garden Entertainment (MSGE) has also outperformed, up about 48.8% YTD, and sports a #1 (Strong Buy) with a 6.3% EPS estimate increase over three months. MSGE is in the Media Conglomerates industry, which trails the market (-12.9% YTD). The piece suggests investors continue to watch IMAX and MSGE for potential continued strength. IMAX shows notable outperformance vs. its sector and improving earnings sentiment, implying a moderate near-term upside with balanced risks.

22 Sep

3

IMAX has surged 40.5% over six months to $53.47, driven by solid results. A StockStory piece highlights three positives: 17.9% annualized revenue growth over the past five years (above the average business services firm), a 24.8-point expansion in free cash flow margin with free cash flow margin at 24% trailing twelve months, and rising ROIC indicating a strengthening competitive edge. The stock trades around 25.6x forward earnings. The piece promotes a free comprehensive research report to gauge whether now is a good time to buy. Positive fundamentals and favorable valuation suggest modest near-term upside, but no transformative catalysts are presented.

21 Sep

3

IMAX shares rose 2.6% after 'Resident Evil' opened strong, with the company forecasting US$1.4 billion in worldwide box office in 2026. Year-to-date stock return ~50%, one-year ~65%, while three- and five-year TSR ~179% and ~192% indicate momentum. Analysts note IMAX is trading near a fair value of about $55.65 vs $54.04 close, suggesting limited upside beyond expectations. The company’s diversification into local-language films, alternative content, and partnerships with Apple, Amazon, Netflix aims to lift margins and per-screen contribution, potentially buffering earnings against cinema declines. However risks include home entertainment cannibalization and a thinner blockbuster slate. Valuation remains premium: P/E ~72x vs peers ~21x; the gap could be cushion or cliff if expectations reset. Forecasted 2026 box office and diversification could moderately boost earnings, but high valuation and risks limit upside.

3

IMAX's worldwide box-office forecast benefited from a franchise-record opening of Resident Evil, reinforcing the premium-format demand thesis and supporting ongoing expansion into higher-value experiences. Q2 2026 results showed revenue of $102.84 million and net income of $15.4 million, underscoring how strong titles can translate into earnings. The company is pursuing network expansions in India and the Southeastern U.S. to capitalize on box-office momentum. Yet the narrative notes IMAX remains vulnerable to blockbuster-driven cycles and shifting consumer habits, limiting upside. IMAX projects $505.9 million revenue and $95.8 million earnings by 2029, with about 6.7% annual revenue growth and a fair value around $55.65, though bear cases exist. Overall, the development reinforces the near-term premium-format investment story while leaving long-term risks largely unresolved. Strong near-term catalyst from a blockbuster opening reinforces premium-format demand, but long-term risk remains due to dependence on blockbuster releases and consumer shifts.

8 Sep

4

IMAX reports its highest grossing summer ever at $728 million worldwide, up 73% from the previous record. Record summer box office performance drives revenue growth and strengthens IMAX competitive standing.

18 Aug

3

Demand for “The Odyssey” is pushing IMAX Corporation shares higher. Demand surge for one film lifts near-term stock price but does not alter long-term company trajectory.

17 Aug

3

IMAX achieved $47 million global box office over the weekend, powered by the strong China opening of Christopher Nolan’s The Odyssey. Strong single-weekend box office lifts near-term revenue and sentiment without altering long-term trajectory.

16 Aug

3

IMAX accounted for RMB 90 million (USD 13.2 million), or 45% of opening weekend box office, for Christopher Nolan's The Odyssey in China. Strong IMAX share in one major film release supports near-term revenue visibility without altering long-term company trajectory.

10 Aug

4

Christopher Nolan’s The Odyssey achieves the highest grossing IMAX release ever at $289 million and rising. Record IMAX gross from major Nolan film strengthens brand visibility and admissions outlook.

3

IMAX stock rose on Monday after the company reported stronger-than-expected quarterly results and raised its full-year box office revenue outlook. Better earnings and raised guidance can lift near-term sentiment and valuation but are unlikely to reshape the company's long-term trajectory.

5 Aug

3

IMAX CEO delivers strong statements to investors while praising director Christopher Nolan. CEO comments on Nolan point to ongoing major film collaborations that may support IMAX revenue.

4 Aug

4

IMAX Corporation achieved an all-time monthly box office record, powered by The Odyssey's performance and resulting in historic growth. All-time box office record and historic growth directly boost revenue outlook and investor sentiment for IMAX.

3 Aug

3

IMAX stock soared on Monday. Stock price surge signals moderate positive market reaction potentially influencing near-term sentiment.

3

IMAX stock reaches all-time high as CEO states demand for ‘The Odyssey’ continues to defy gravity. Strong demand commentary for major release lifts stock to record high with moderate short-term revenue implications.

3

Christopher Nolan’s The Odyssey drove IMAX to its highest grossing month in company history with $257 million in July. Record monthly revenue highlights strong demand for IMAX screens but reflects single-film performance rather than structural change.

3

IMAX expands Sony Pictures’ Spider-Man: Brand New Day screenings across North America from August 6. Major film expansion in IMAX format increases theater utilization and ticket premiums.

2 Aug

3

"Spider-Man: Brand New Day" generated $19.2 million in IMAX ticket sales during its opening weekend in China and established new franchise records. Strong China IMAX box office for a major film supports positive market sentiment but represents limited overall impact on company trajectory.

1 Aug

3

IMAX Corporation stock price continues rising on sustained positive momentum from box office results and theater expansions. Ongoing stock gains signal moderately improved market sentiment without evidence of major strategic shifts.

27 Jul

4

AMC reports record IMAX ticket sales following strong opening for The Odyssey. Record AMC ticket sales signal strong IMAX demand and positive market momentum.

3

IMAX stock outperformed the market on Monday, driven by positive company-specific developments that lifted investor sentiment and share price. Single-day stock outperformance indicates moderate short-term positive sentiment without evidence of fundamental long-term shifts.

3

IMAX reports record-breaking $48 million second weekend for Christopher Nolan’s The Odyssey. Strong box office for major IMAX releases supports short-term revenue and brand visibility without altering long-term company trajectory.

26 Jul

4

IMAX shares rose 10.5% after Q2 profit increase and new automotive deal expanding operations beyond theaters. Q2 profit growth plus automotive partnership marks major strategic expansion with potential to alter long-term trajectory.

3

IMAX launches its first branded in-vehicle entertainment system, expanding from cinemas into automotive applications. New in-vehicle system launch represents moderate diversification with limited but noticeable effects on growth trajectory.

25 Jul

3

IMAX posted a Q2 earnings beat alongside the Odyssey debut, prompting questions on whether shares are now fully valued. Q2 beat and Odyssey debut create moderate influence on IMAX financials and positioning without guaranteed long-term trajectory shift.

24 Jul

4

IMAX stock eyes second weekly gain as Wall Street reassesses growth outlook due to 'The Odyssey' moment. Wall Street reassessment of IMAX growth outlook tied to 'The Odyssey' signals significant shift in investor sentiment and trajectory.

3

IMAX shares rose 12% after the company beat Q2 earnings expectations with year-over-year revenue growth. Q2 earnings beat produced immediate 12% stock gains but reflects standard financial results without shifting long-term strategy or market position.

3 transcript

IMAX Corporation held its Q2 2026 earnings call covering quarterly financial results, revenue, net income, and forward business outlook. Quarterly earnings updates provide financial performance details that moderately affect near-term stock valuation and sentiment.

23 Jul

4

IMAX Corporation stock rose 11.86% after beating earnings expectations and signaling optimism for the second half. Earnings beat combined with H2 optimism drives sharp share price gains and signals improved performance outlook.

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