Pricing Log in Create free account
Friday 6 November 2026 Export IMAX’s income statement to Excel — free account

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.

Revenue
+63.7%
EPS
+444.7%
Free cash flow
+28.6%
Total debt
−18.3%

Quarter to September 2026, against a year earlier

48.55 3.21 −6.20%
Market cap
$2.6B
P/E
19.9×
Fwd P/E
29.8×
Dividend yield
—
F-score
8/9
Altman Z
3.05
Beneish M
−2.93
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 70.16
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — 2 5 — — — 6 1 — —
Insider Ownership 19.07%

Capital & Financial Ratios $m

Size
Market Cap 2,640.00
Revenue ttm 483.98
Net income ttm 141.58
Free cash flow ttm 140.88
Net debt Q (207.92)
Valuation
P/E 19.90
Forward P/E 29.80
Price / sales 5.52
Forward P/S Powerpack
Price / FCF 18.96
Price / book 4.53
Financial health
Current ratio Q 0.00 (below 1: weak)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 42.21
Growth
Revenue growth Q +63.66% (above 0%: growing)
Operating income growth Q +157.79% (above 0%: growing)
EPS, this year +66.55% (at or above 15%: strong)
EPS, next year A −6.74% (below 0%: weak)
Revenue, next year A +18.11% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +20.54% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.2×, against a ten-year median of 3.5×; over the ten years it ranged from 1.4× in 2020 to 8.9× in 2021.
P/E against its own 10 years 0.94%
10-year low 10-year high
P/S against its own 10 years 83.09%
10-year low 10-year high
P/B against its own 10 years 92.85%
10-year low 10-year high
EV/Sales against its own 10 years 86.87%
10-year low 10-year high
EV/FCF against its own 10 years 26.69%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 76 101 151 208
Receivables 328 310 321 —
Inventory 32 33 33 45
Other 7 9 16 13
455 465 536 —
2023 2024 2025 Q'26
Payables 26 20 19 24
ST’ Debt 23 36 35 —
Other — — — —
457 440 454 427

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%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.28 Actual 0.43

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.38 0.47 Beat by 0.09
Q4 FY25 0.43 0.58 Beat by 0.15
Q1 FY26 0.15 0.17 Beat by 0.02
Q2 FY26 0.28 0.43 Beat by 0.15
Q3 FY26 1.06 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.07 0.27 1.96 — —
’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.

Revenue $m

Mar Jun Sep Dec Year
’26 81 103 175 — —
’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 86 — —
’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 83 — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 377 381 374 396 137 255 301 375 352 410 484 +0.9% 485 494 520 +8.2%
Gross margin, % 53.71 48.65 55.54 54.13 15.72 52.73 51.98 57.18 54.00 60.02 63.46 +6.3 pt
EBT 58 30 44 75 (129) 11 (10) 46 38 63 108 +1.0%
EBT margin, % 15.33 7.88 11.65 19.04 (94.25) 4.31 (3.25) 12.30 10.70 15.43 22.37 +0.1 pt
Net income 39 13 34 59 (157) (10) (20) 33 33 46 142 +1.6%
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 8.80 +3.6%
Earnings 0.43 0.04 0.36 0.76 (2.43) (0.38) (0.40) 0.47 0.49 0.65 2.44 +4.7%
Cash flow 1.15 1.31 1.74 1.47 (0.39) 0.10 0.31 1.08 1.35 2.37 2.75 +8.3%
Capex (0.30) (0.45) (0.35) (0.12) (0.04) (0.13) (0.23) (0.27) (0.32) (0.25) (0.19) (1.8%)
Free cash flow 0.86 0.86 1.39 1.35 (0.43) (0.03) 0.08 0.81 1.02 2.12 2.56 +10.6%
Book value 9.20 9.21 9.40 10.39 7.83 7.27 5.81 6.35 7.17 7.96 10.71 (1.6%)
Shares, m 68 65 63 61 59 59 57 54 53 54 54 (2.5%)
Valuation, ×
Valuation, × P/E 74.19 580.00 52.25 26.88 0.00 0.00 0.00 31.87 52.24 57.75 19.90 87.5
P/S 5.71 3.98 3.17 3.17 7.79 4.14 2.78 2.17 3.83 4.83 5.52 4.2
P/B 3.47 2.52 2.00 1.97 2.30 2.46 2.54 2.36 3.57 4.64 4.53 2.8
EV/Sales 5.24 3.63 2.89 2.94 7.71 3.40 2.57 2.03 3.64 4.55 5.17 3.9
EV/FCF 34.22 24.70 12.32 15.36 (41.22) (536.53) 171.78 17.37 23.79 16.43 17.76 (26.2)
Cash, $m
Cash, $m Operating cash flow 78 85 110 90 (23) 6 17 59 71 127 151 +5.6%
Capex (20) (29) (22) (7) (3) (8) (13) (15) (17) (13) (11) (4.3%)
Free cash flow 58 56 88 83 (26) (2) 5 44 54 114 141 +7.8%
Balance, $m
Balance, $m Working capital 258 199 195 202 88 93 (20) (2) 26 82 (427) (12.0%)
Net debt (177) (133) (104) (91) (12) (187) (61) (53) (64) (117) (208) (4.6%)
Shareholders’ equity 622 602 593 637 464 430 329 345 378 427 589 (4.1%)
Returns, %
Returns, % ROA 3.22 0.27 2.63 5.32 (15.24) (2.37) (2.68) 3.10 3.17 4.04 13.97 +0.8 pt
ROIC 8.19 4.19 5.77 8.85 (16.83) 2.83 (1.13) 10.80 8.75 16.96 21.25 +8.8 pt
ROE 4.44 0.38 3.82 7.62 (26.11) (5.00) (6.01) 7.52 7.21 8.67 26.15 +4.2 pt
People
People Employees 703 606 660 673 622 665 779 697 700 679 — (0.4%)
Revenue/emp, $m 0.54 0.63 0.57 0.59 0.22 0.38 0.39 0.54 0.50 0.60 — +1.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

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 $4.6B 15.9× 14.8× +23.51% (above 0%: growing) +151.81% (above 0%: growing) +80.31% (above 0%: growing) 41.30% 19.51% Compare
SPHR Sphere Entertainment Co. $4.0B — (loss-making) — (loss-making) +4.48% (above 0%: growing) n/m −48.68% (below 0%: shrinking) 0.00% (87.72%) Compare
MANU Manchester United Ltd. $3.9B — (loss-making) — (loss-making) −3.71% (below 0%: shrinking) n/m +47.29% (above 0%: growing) 100.00% (9.47%) Compare
LION Lionsgate Studios Corp. $3.7B — (loss-making) 5.7× +47.67% (above 0%: growing) n/m +248.41% (above 0%: growing) 100.00% 3.30% Compare
MSGE Madison Square Garden Entertainment Corp. $3.6B 54.2× 33.4× +27.37% (above 0%: growing) n/m +33.34% (above 0%: growing) 38.63% (4.40%) 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) — +4.20% (above 0%: growing) −68.75% (below 0%: shrinking) +33.76% (above 0%: growing) 0.00% 2.67% Compare
AMC AMC Entertainment Holdings, Inc. $2.8B — (loss-making) — (loss-making) +31.60% (above 0%: growing) n/m +319.93% (above 0%: growing) 0.00% 14.53% Compare
IMAX IMAX Corporation $2.6B 19.9× 29.8× +63.66% (above 0%: growing) +444.74% (above 0%: growing) +28.64% (above 0%: growing) 72.36% 42.90%
Median of peers $3.7B — 14.8× +16.05% — +40.53% 28.53% 1.34%

All 48 Entertainment stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.66m 21.46m 205.10
2024 7.98m 20.44m 142.10
2023 8.73m 9.44m 83.40
2022 8.04m 5.85m 81.40
2021 9.08m 9.58m 99.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

IMAX Corporation (IMAX) Latest News

5 Nov

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · StockStory

28 Oct

Impact 4 · · Zacks

21 Oct

Impact 4 · · Zacks

19 Oct

Impact 4 · · Zacks
Impact 3 · · Business Wire

15 Oct

Impact 3 · · Zacks

14 Oct

Impact 4 · · Proactive Investors

10 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

9 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

7 Oct

Impact 3 · · FX Empire

5 Oct

Impact 4 · · MarketBeat

1 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

24 Sep

Impact 4 · · Stocktwits
Impact 3 · · StockStory

23 Sep

Impact 3 · · Zacks

22 Sep

Impact 3 · · StockStory

21 Sep

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

8 Sep

Impact 4 ·

18 Aug

Impact 3 ·

IMAX metrics, ten years each

stockrow.com/IMAX · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com