IMAX Corporation IMAX R2K

Communication Services · Entertainment · Canada

https://www.imax.com

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events in the United States, Canada, Greater China, rest of Asia, Western Europe, Latin America, and internationally. It operates through Content Solutions; and Technology Products and Services segments. The company offers IMAX film remastering, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced, which provides end-to-end technology across streaming content and entertainment devices at home; AI-driven video quality solutions for media and entertainment companies; and streaming technology software products. It also provides preventative and emergency maintenance services, and quality monitoring to the IMAX network; film post-production services; and IMAX film and digital cameras for content creators. In addition, the company engages in the distribution of format documentary films to institutional theaters, as well as live performances and interactive events with artists and creators; after-market sales of IMAX System parts and 3D glasses; sale or lease of IMAX theater systems; provision of management services to theaters; and rental of company's proprietary 2D and 3D large-format film cameras. The company markets its theater systems through a direct sales force and marketing staff to science and natural history museums, zoos, aquariums, and other educational and cultural centers, as well as theme parks, private home theaters, tourist destination sites, fairs, and expositions. It offers its services under the IMAX, IMAX 3D, Experience It In IMAX, The IMAX Experience, DMR, Filmed For IMAX, IMAX Live, IMAX Enhanced, and IMAX StreamSmart. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.

Market & Price

Market Cap

$2.18B

Current Price

$39.68

High / Low (52W)

$42.83 / $24.51

Beta

0.36

Valuation

Stock P/E

59.22

Industry PE

23.46

Forward P/E

20.34

PEG Ratio

0.93

Book Value

$6.12

Price to Book

6.49

P/S

5.39

EV/EBITDA

18.64

Dividend Yield

Profitability & Returns

ROCE

10.33%

ROE

10.69%

ROA

6.26%

Profit Margin

9.08%

Op Margin

12.15%

EPS (Latest Qtr)

$0.08

EPS (TTM)

$0.67

Balance Sheet & Liquidity

Debt/Equity

0.68

Quick Ratio

4.05

Current Ratio

4.57

Debt

$290.83M

Total Assets

$894.03M

Current Assets

$519.99M

Working Capital

$310.25M

Ownership

Promoter Holding

18.14%

Chg in Prom Hold

FII / Inst Holding

96.12%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$2.41B

Total Revenue (TTM)

$404.92M

EBITDA

$129.52M

Free Cash Flow

$101.72M

Operating Cash Flow

$124.15M

Shares Outstanding

55.02M

Gross Margin

59.14%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

10.89%

Profit 5Y

84.32%

Revenue (YoY)

-6.10%

Earnings (YoY)

75.00%

PROS

Compounding revenue at 10.9% over 5 years.
Profit CAGR of 84.3% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 59.2.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Communication Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	IMAX IMAX Corporation R2K	39.68	59.22	$2.18B	-	10.33%	10.69%	10.89%	84.32%
2	GOOGL Alphabet Inc. NDXSPXAI	380.34	28.99	$4.61T	0.23%	32.40%	38.88%	12.51%	30.14%
3	META Meta Platforms, Inc. NDXSPXAI	632.51	22.99	$1.61T	0.33%	26.87%	32.93%	19.89%	37.61%
4	NFLX Netflix, Inc. NDXSPXAI	86.02	27.75	$362.21B	-	30.26%	48.49%	12.64%	34.71%
5	APP AppLovin Corporation NDXSPXAI	613.09	53.17	$205.96B	-	70.20%	-	24.84%	609.87%
6	TMUS T-Mobile US, Inc. NDXSPX	187.53	19.93	$202.95B	2.18%	9.27%	18.02%	3.53%	61.90%
7	VZ Verizon Communications Inc. SPX	47.81	11.66	$199.63B	5.92%	8.59%	17.20%	0.33%	-6.86%
8	DIS The Walt Disney Company SPX	101.83	16.29	$176.83B	1.47%	8.46%	11.01%	4.51%	58.00%
9	T AT&T Inc. SPX	24.80	8.16	$172.32B	4.48%	9.23%	18.37%	1.34%	119.18%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	98.34M	82.11M	-	80.20M	104.80M	86.39M	-	34.90M	8.86M	37.26M	-	38.75M	50.95M	56.60M	60.04M	73.97M	68.75M	86.95M	97.98M	103.90M	79.12M	88.96M	-	-	86.67M	91.68M	106.65M	125.21M	81.38M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33.49M	38.08M	39.38M	53.07M	35.57M
Gross Profit	42.39M	71.88M	52.18M	50.28M	44.90M	55.33M	35.77M	49.46M	39.87M	60.15M	50.69M	60.40M	42.19M	54.64M	45.14M	59.55M	47.12M	62.36M	5.09M	-7.69M	3.83M	20.31M	17.28M	25.60M	27.49M	31.77M	44.04M	31.70M	50.05M	57.89M	62.72M	46.89M	43.93M	-	-	53.18M	53.60M	67.27M	72.14M	45.81M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.38M	38.47M	38.23M	39.40M	35.86M
Operating Income	13.66M	-	18.93M	12.80M	7.72M	-	-291.00K	1.99M	4.50M	-	17.10M	14.72M	9.61M	-	14.00M	24.05M	14.41M	-	-38.44M	-41.50M	-27.39M	-	-10.85M	-2.95M	-853.00K	-8.03M	-101.00K	-4.24M	11.40M	14.23M	22.03M	12.07M	2.87M	-	-	16.79M	15.13M	29.05M	32.74M	9.95M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32.15M	31.26M	45.26M	24.44M	25.62M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.80M	1.93M	1.83M	1.80M	1.90M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.44M	13.43M	27.82M	6.60M	8.49M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.29M	1.20M	5.21M	4.08M	2.42M
Net Income	8.61M	22.49M	11.30M	6.02M	2.52M	8.95M	75.00K	-1.71M	-850.00K	4.83M	8.51M	7.62M	5.02M	1.69M	8.27M	11.40M	9.03M	18.17M	-49.35M	-25.97M	-47.21M	-21.25M	-14.84M	-9.21M	-8.38M	-13.61M	-2.85M	-8.95M	2.45M	8.35M	11.99M	3.27M	3.58M	-	-	2.33M	11.26M	20.66M	637.00K	4.23M
Diluted EPS	0.12	0.32	0.16	0.09	0.04	0.13	0.00	-0.03	-0.01	0.08	0.13	0.12	0.08	0.03	0.13	-	-	-	-	-	-	-	-	-0.16	-0.14	-0.23	-0.05	-0.16	0.04	0.15	0.22	0.06	0.07	-	-	0.04	0.20	0.37	0.01	0.08
R&D Expense	2.72M	-	3.71M	3.44M	4.46M	-	4.33M	5.68M	4.63M	-	3.59M	3.92M	4.03M	-	1.14M	1.22M	1.36M	-	2.20M	1.23M	1.13M	-	1.47M	2.20M	2.02M	1.20M	1.36M	1.11M	1.85M	2.76M	2.77M	2.19M	2.03M	-	-	1.32M	1.54M	1.50M	-	1.80M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	380.77M	374.40M	395.66M	137.00M	-	300.81M	374.84M	352.21M	410.21M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	144.45M	160.50M	162.01M	164.02M
Gross Profit	81.55M	137.65M	114.06M	153.25M	164.60M	173.39M	219.29M	202.68M	185.25M	207.93M	214.17M	21.54M	-	156.35M	214.34M	190.20M	246.19M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	156.72M	160.85M	142.59M	152.48M
Operating Income	19.80M	50.97M	28.97M	58.89M	65.10M	57.87M	87.77M	58.60M	31.44M	45.18M	77.28M	-121.82M	-	-364.00K	53.49M	47.61M	93.71M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	52.77M	112.96M	111.28M	133.10M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	5.88M	6.82M	8.08M	7.36M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-9.77M	46.12M	37.70M	63.29M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	10.11M	13.05M	5.00M	17.77M
Net Income	5.02M	100.78M	15.26M	41.34M	44.12M	39.74M	55.84M	28.79M	2.34M	22.84M	46.87M	-143.78M	-	-22.80M	25.34M	26.06M	34.88M
Diluted EPS	0.09	1.51	0.22	0.61	0.64	0.56	0.78	0.42	0.04	0.36	-	-2.43	-	-0.40	0.46	0.48	0.63
R&D Expense	3.75M	6.25M	7.83M	11.41M	14.77M	16.10M	12.73M	16.32M	20.86M	13.73M	5.20M	5.62M	6.94M	5.30M	10.11M	5.10M	5.82M

Compounded Sales Growth

5 Years:	10.89%
1 Year:	-6.10%

Compounded Profit Growth

5 Years:	84.32%
1 Year:	75.00%

Stock Price Performance

1 Year:	+42.48%
6 Months:	+10.13%
3 Months:	-7.35%
1 Month:	+6.55%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	349.09M	406.24M	421.87M	481.14M	621.53M	930.63M	857.33M	866.61M	873.60M	889.07M	997.75M	-	821.15M	814.67M	830.40M	894.03M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	450.83M	447.88M	456.70M	519.99M
Cash & Equivalents	27.02M	20.08M	30.39M	18.14M	21.34M	29.55M	106.50M	317.45M	204.76M	158.72M	141.59M	109.48M	317.38M	-	97.40M	76.20M	100.59M	151.17M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31.53M	31.58M	32.84M	32.51M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143.84M	144.73M	114.84M	113.21M
Total Liabilities	-	-	190.63M	213.33M	168.79M	161.56M	194.85M	253.47M	230.78M	263.00M	274.24M	245.97M	532.98M	-	491.39M	469.08M	452.18M	466.30M
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	249.57M	227.43M	209.76M	209.74M
Long Term Debt	-	-	-	55.08M	11.00M	-	-	29.28M	27.32M	25.36M	37.75M	18.23M	305.68M	-	226.91M	229.13M	229.90M	244.03M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263.02M	252.06M	266.26M	278.61M
Total Equity	-	-	158.46M	192.91M	253.08M	319.58M	382.77M	623.89M	562.01M	527.75M	512.16M	547.69M	394.00M	-	263.36M	273.14M	299.47M	337.89M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54.15M	53.26M	52.95M	53.92M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	13.78M	58.49M	6.25M	73.63M	55.03M	86.91M	84.20M	77.87M	85.37M	109.97M	90.38M	-23.01M	-	17.32M	58.62M	70.84M	127.07M
Investing Cash Flow	-27.57M	-23.82M	-63.51M	-35.52M	-42.28M	-61.85M	-78.80M	-64.89M	-73.60M	-56.87M	-65.99M	-9.26M	-	-53.29M	-31.79M	-41.22M	-41.92M
Financing Cash Flow	7.18M	-24.22M	45.14M	-34.85M	-4.38M	51.96M	204.69M	-125.78M	-57.54M	-70.86M	-57.12M	240.57M	-	-58.51M	-48.53M	-6.04M	-34.08M
Capital Expenditure	-1.43M	-5.34M	-5.53M	-6.05M	-13.02M	-40.10M	-43.26M	-15.28M	-24.14M	-13.37M	-7.42M	-697.00K	-	-32.62M	-32.84M	-41.22M	-41.92M
Free Cash Flow	12.36M	53.15M	719.00K	67.58M	42.02M	46.80M	40.95M	62.59M	61.22M	96.60M	82.95M	-23.71M	-	-15.30M	25.78M	29.62M	85.15M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-94.48M	-21.70M	23.58M	51.07M
Share Buybacks	-	-	-	0	0	3.06M	34.28M	0	46.14M	71.48M	2.66M	36.62M	13.90M	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	48.7%	55.5%	54.1%	15.7%	-	52.0%	57.2%	54.0%	60.0%
Operating Margin %	-	-	-	-	-	-	-	-	8.3%	12.1%	19.5%	-88.9%	-	-0.1%	14.3%	13.5%	22.8%
Net Margin %	-	-	-	-	-	-	-	-	0.6%	6.1%	11.8%	-104.9%	-	-7.6%	6.8%	7.4%	8.5%
ROE %	-	63.6%	7.9%	16.3%	13.8%	10.4%	9.0%	5.1%	0.4%	4.5%	8.6%	-36.5%	-	-8.7%	9.3%	8.7%	10.3%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.1%	9.1%	7.7%	13.7%

Shareholding Pattern

Insiders

18.14%

Institutions

96.12%

Public Float

117.41%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Orbis Allan Gray Ltd	9.36%	5.15M	$204.42M
2	Nomura Asset Management International Inc	6.73%	3.70M	$146.98M
3	FMR, LLC	5.67%	3.12M	$123.70M
4	Blackrock Inc.	4.77%	2.62M	$104.06M
5	Westfield Capital Management Co LP	4.25%	2.34M	$92.80M
6	Driehaus Capital Management, LLC	3.00%	1.65M	$65.54M
7	Congress Asset Management Co	2.75%	1.51M	$59.93M
8	Ameriprise Financial, Inc.	2.41%	1.33M	$52.72M
9	Royce & Associates LP	2.27%	1.25M	$49.45M
10	Dimensional Fund Advisors LP	2.25%	1.24M	$49.09M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for IMAX

CNBC Business Fri, 22 May 2026

Wall Street thinks IMAX is ripe for a sale. Here's who could buy it

A source told CNBC that IMAX has held "preliminary talks" through intermediaries, but no official pitches have been made by the company.

IMAX · Communication Services