IMAXNYSEPhotographic Equipment & SuppliesFiscal year ends December 31
IMAX CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$51.67+0.85 (+1.67%)
Close on Oct 19, 2026
- Market cap
- $2.92B
- P/E (TTM)
- 71.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
60.0%+44.3 pts over 5 years
Operating margin
20.5%+109.5 pts over 5 years
Net margin
8.5%+113.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.5% | +10.9% | +24.5% | +0.9% | |
| Gross profit | +29.4% | +16.3% | +62.8% | +1.2% | |
| Operating income | +92.0% | – | – | -0.4% | |
| Net income | +33.8% | – | – | -4.6% | |
| EPS, diluted | +31.3% | – | – | -2.1% | |
| Free cash flow | +90.5% | +137.3% | – | +11.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.9% | -30.5% | 10.9% | |
| Return on assets | 3.2% | -15.2% | 4.0% | |
| Interest coverage | 32.5× | -17.4× | 11.4× | |
| Inventory turnover | 4.3× | 2.8× | 5.0× | |
| Capex to revenue | 4.0% | 0.5% | 2.0% | |
| Diluted shares | 0M | 59M | 56M |
Where the cash went
Fiscal 2021 to 2025, five years combined
IMAX generated $279.91M from operations and spent $49.01M on capital expenditure, dividends and share buybacks. 72% of that went back into the business.
Generated
$279.91M
Used
$49.01M
Capital expenditure$35.10M72%Dividends$00%Share buybacks$13.91M28%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.5%
×Asset turnover0.48×
×Equity multiplier2.71×
=Return on equity, FY202510.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.5% | 0.48× | 2.71× | 10.9% |
| FY2024 | 7.4% | 0.43× | 2.87× | 9.1% |
| FY2023 | 6.8% | 0.46× | 3.05× | 9.4% |
| FY2022 | -7.6% | 0.35× | 2.75× | -7.4% |
| FY2021 | -8.8% | 0.27× | 2.51× | -6.0% |
| FY2020 | -104.9% | 0.15× | 2.00× | -30.5% |
| FY2019 | 11.8% | 0.45× | 1.66× | 8.8% |
| FY2018 | 6.1% | 0.43× | 1.67× | 4.4% |
| FY2017 | 0.6% | 0.44× | 1.58× | 0.4% |
| FY2016 | 7.6% | 0.42× | 1.51× | 4.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$34.88M
- Cash generatingOperating cash flow above zero$127.07M
- Return on assets improvedROA up on the prior year3.2% → 4.2%
- Earnings backed by cashOperating cash flow above net income$127.07M vs $34.88M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise54M → 56M
- Gross margin improvedGross margin up on the prior year54.00% → 60.02%
- More efficientAsset turnover rose0.43 → 0.49