IMAX Corporation (IMAX) vs Sphere Entertainment Co. (SPHR)

IMAX Corporation and Sphere Entertainment Co. are both Entertainment companies. Sphere Entertainment Co. is the larger, with a market value of $5.0B against $3.0B — 1.6× the size. Sphere Entertainment Co. has negative trailing earnings, so its P/E is not meaningful; IMAX Corporation trades at 74.7×. Sphere Entertainment Co. grew revenue faster over the last twelve months: 27.5% against 14.8%. IMAX Corporation has the higher net margin (9.84% vs −5.66%) and the higher return on invested capital (16.0% vs −3.93%). Across the 21 metrics below, IMAX Corporation leads on 14 and Sphere Entertainment Co. on 7.

Valuation

Metric IMAX SPHR Entertainment median
P/E 74.73 n/m 22.03
P/S 7.40 3.76 1.47
P/B 6.85 2.29 2.00
Price to free cash flow 25.15 14.21 16.60
EV/EBITDA 19.93 23.55 9.65
EV/Sales 7.11 3.93 1.76
Earnings yield 1.34% (1.62%) (0.67%)
Free cash flow yield 3.98% 7.04% 3.26%

Profitability

Metric IMAX SPHR Entertainment median
Gross margin 59.63% 54.23% 45.02%
Operating margin 20.16% (11.41%) 2.30%
Net margin 9.84% (5.66%) 0.00%
Free cash flow margin 29.44% 26.46% 1.56%
Return on equity 9.58% (3.38%) 0.00%
Return on assets 4.58% (1.87%) 0.00%
Return on invested capital 15.95% (3.93%) 0.00%

Growth

Metric IMAX SPHR Entertainment median
Revenue growth (TTM) 14.79% 27.46% 5.07%
EPS growth (last fiscal year) 31.25% 113.02% —
Revenue growth, 5-year CAGR 24.52% (3.21%) 10.25%
Net income growth, 5-year CAGR 0.00% (28.74%) 0.00%

Health

Metric IMAX SPHR Entertainment median
Debt to equity 0.09 0.35 0.46
Current ratio 1.24 1.22 0.86
Net debt to EBITDA (0.78) 2.25 0.72

Dividend

Metric IMAX SPHR Entertainment median
Dividend yield — — 1.16%
Payout ratio 0.00 0.00 0.00

Size

Metric IMAX SPHR Entertainment median
Market cap 3.03b 4.97b 1.87b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack