IMAX Corporation (IMAX) 10-Year Financial Performance & Capital Metrics

IMAX • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsLive Music & Concert Promoters

AboutIMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide. It offers cinematic solution through proprietary software, theater architecture, intellectual property, and specialized equipment. The company offers IMAX Digital Re-Mastering (DMR), a proprietary technology that digitally enhances the image resolution, visual clarity, and sound quality of motion picture films for projection on IMAX screens; IMAX theater systems to exhibitor customers through sales, leases, and joint revenue sharing arrangements; and digital projection systems. It also provides preventative and emergency maintenance services to IMAX network; distributes large-format documentary films; film post-production and quality control services for large-format films, and digital post-production services; owns and operates IMAX theaters; and rents 2D and 3D large-format film and digital cameras, as well as offers production advice and technical assistance services to documentary and Hollywood filmmakers. The company markets its theater systems through a direct sales force and marketing staff to science and natural history museums, zoos, aquaria, and other educational and cultural centers, as well as theme parks, private home theaters, tourist destination sites, fairs, and expositions. It owns or otherwise has rights to trademarks and trade names, which include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It in IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3D Experience, IMAX DMR, DMR, IMAX Enhanced, IMAX nXos, and Films To The Fullest. As of December 31, 2021, the company had a network of 1,683 IMAX theater systems comprising 1,599 commercial multiplexes, 12 commercial destinations, and 72 institutional facilities operating in 87 countries and territories. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.Show more

Revenue $352M -6.0%
EBITDA $109M -1.0%
Net Income $26M +2.9%
EPS (Diluted) 0.48 +4.3%
Gross Margin 54% -5.6%
EBITDA Margin 31.05% +5.4%
Operating Margin 12.45% -7.4%
Net Margin 7.4% +9.5%
ROE 7.2% -4.0%
ROIC 6.11% -17.8%
Debt/Equity 0.74 +0.8%
Interest Coverage 5.43 -26.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 2.3% through buybacks

✗Weaknesses

✗Weak 3Y average ROE of 2.9%
✗Profits declining 11.1% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.94%

5Y-2.3%

3Y11.38%

TTM9.15%

Profit (Net Income) CAGR

10Y-4.13%

5Y-11.08%

3Y-

TTM69.77%

EPS CAGR

10Y-1.53%

5Y-8.78%

3Y-

TTM63.21%

ROCE

10Y Avg4.44%

5Y Avg-0.92%

3Y Avg5.04%

Latest7.21%

Peer Comparison

Live Music & Concert Promoters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSGEMadison Square Garden Entertainment Corp.	2.4B	59.42	77.17	-1.72%	3.65%		3.88%
IMAXIMAX Corporation	1.95B	36.30	75.63	-6.04%	10.48%	9.06%	1.52%	0.74
LYVLive Nation Entertainment, Inc.	33.84B	145.73	53.19	1.89%	3.66%	45.37%	3.1%	4.25
CNKCinemark Holdings, Inc.	2.87B	24.46	11.87	-0.56%	4.91%	39.45%	10.97%	5.73
RDIReading International, Inc.	23.56M	1.12	-0.71	-5.48%	-8.23%	-250.31%
AMCAMC Entertainment Holdings, Inc.	820.71M	1.60	-1.51	-3.64%	-13.16%
RDIBReading International, Inc.	19.29M	11.48	-7.27	-5.48%	-6.54%	-250.31%
SPHRSphere Entertainment Co.	2.74B	96.44	-16.98		-14.68%	-6.97%		0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	373.81M	377.33M	380.77M	374.4M	395.66M	137M	254.88M	300.81M	374.84M	352.21M
Revenue Growth %	0.29%	0.01%	0.01%	-0.02%	0.06%	-0.65%	0.86%	0.18%	0.25%	-0.06%
Cost of Goods Sold+	154.52M	174.66M	195.52M	166.47M	181.49M	115.46M	120.48M	144.45M	160.5M	162.01M
COGS % of Revenue	0.41%	0.46%	0.51%	0.44%	0.46%	0.84%	0.47%	0.48%	0.43%	0.46%
Gross Profit+	219.29M	202.68M	185.25M	207.93M	214.17M	21.54M	134.41M	156.35M	214.34M	190.2M
Gross Margin %	0.59%	0.54%	0.49%	0.56%	0.54%	0.16%	0.53%	0.52%	0.57%	0.54%
Gross Profit Growth %	0.26%	-0.08%	-0.09%	0.12%	0.03%	-0.9%	5.24%	0.16%	0.37%	-0.11%
Operating Expenses+	131.52M	144.08M	153.8M	162.75M	136.89M	143.36M	123.42M	161.19M	163.94M	146.34M
OpEx % of Revenue	0.35%	0.38%	0.4%	0.43%	0.35%	1.05%	0.48%	0.54%	0.44%	0.42%
Selling, General & Admin	112.97M	123.46M	109.88M	117.48M	123.83M	108.48M	117.78M	138.04M	144.41M	132.7M
SG&A % of Revenue	0.3%	0.33%	0.29%	0.31%	0.31%	0.79%	0.46%	0.46%	0.39%	0.38%
Research & Development	12.73M	16.32M	20.86M	13.73M	5.2M	5.62M	6.94M	5.3M	10.11M	5.1M
R&D % of Revenue	0.03%	0.04%	0.05%	0.04%	0.01%	0.04%	0.03%	0.02%	0.03%	0.01%
Other Operating Expenses	5.82M	4.31M	23.07M	31.55M	8.23M	29.26M	-1.31M	17.85M	9.43M	8.53M
Operating Income+	87.77M	58.6M	31.44M	45.18M	77.28M	-121.82M	10.98M	-4.83M	50.4M	43.86M
Operating Margin %	0.23%	0.16%	0.08%	0.12%	0.2%	-0.89%	0.04%	-0.02%	0.13%	0.12%
Operating Income Growth %	0.52%	-0.33%	-0.46%	0.44%	0.71%	-2.58%	1.09%	-1.44%	11.43%	-0.13%
EBITDA+	130.57M	105.08M	98.25M	102.61M	140.26M	-69.12M	67.07M	51.83M	110.42M	109.36M
EBITDA Margin %	0.35%	0.28%	0.26%	0.27%	0.35%	-0.5%	0.26%	0.17%	0.29%	0.31%
EBITDA Growth %	0.43%	-0.2%	-0.07%	0.04%	0.37%	-1.49%	1.97%	-0.23%	1.13%	-0.01%
D&A (Non-Cash Add-back)	42.8M	46.48M	66.81M	57.44M	62.98M	52.7M	56.08M	56.66M	60.02M	65.5M
EBIT	88.74M	59.66M	31.95M	46.52M	78.13M	-122.11M	18.08M	-3.89M	52.94M	45.78M
Net Interest Income+	-693K	-315K	-915K	-1.07M	-688K	-4.62M	-4.87M	-4.45M	-4.33M	-5.9M
Interest Income	968K	1.49M	1.03M	1.84M	2.1M	2.39M	2.22M	1.43M	2.49M	2.18M
Interest Expense	1.66M	1.8M	1.94M	2.92M	2.79M	7.01M	7.09M	5.88M	6.82M	8.08M
Other Income/Expense	-693K	-744K	-1.43M	-1.57M	-1.94M	-9.16M	3K	-4.93M	-4.28M	-6.16M
Pretax Income+	87.08M	57.85M	30.01M	43.6M	75.34M	-130.98M	10.99M	-9.77M	46.12M	37.7M
Pretax Margin %	0.23%	0.15%	0.08%	0.12%	0.19%	-0.96%	0.04%	-0.03%	0.12%	0.11%
Income Tax+	20.05M	16.21M	16.79M	9.52M	16.77M	26.5M	20.56M	10.11M	13.05M	5M
Effective Tax Rate %	0.64%	0.5%	0.08%	0.52%	0.62%	1.1%	-2.03%	2.33%	0.55%	0.69%
Net Income+	55.84M	28.79M	2.34M	22.84M	46.87M	-143.78M	-22.33M	-22.8M	25.34M	26.06M
Net Margin %	0.15%	0.08%	0.01%	0.06%	0.12%	-1.05%	-0.09%	-0.08%	0.07%	0.07%
Net Income Growth %	0.41%	-0.48%	-0.92%	8.75%	1.05%	-4.07%	0.84%	-0.02%	2.11%	0.03%
Net Income (Continuing)	64.62M	39.32M	12.52M	33.59M	58.57M	-157.49M	-9.58M	-19.88M	33.07M	32.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	53.27M	64.54M	75.86M	87.2M	95.4M	79.28M	74.29M	66.41M	72.45M	78.75M
EPS (Diluted)+	0.78	0.42	0.04	0.36	0.76	-2.43	-0.38	-0.40	0.46	0.48
EPS Growth %	0.39%	-0.46%	-0.9%	8%	1.11%	-4.2%	0.84%	-0.05%	2.15%	0.04%
EPS (Basic)	0.79	0.43	0.04	0.36	0.76	-2.43	-0.38	-0.40	0.47	0.49
Diluted Shares Outstanding	71.06M	68.26M	65.54M	63.21M	61.49M	59.24M	59.13M	56.67M	55.15M	53.86M
Basic Shares Outstanding	69.53M	67.58M	65.38M	63.08M	61.31M	59.24M	59.13M	56.67M	54.31M	52.65M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	589.82M	489.42M	459.81M	453.17M	430.3M	596.01M	523.75M	450.83M	447.88M	456.7M
Cash & Short-Term Investments	317.45M	204.76M	158.72M	141.59M	109.48M	317.38M	189.71M	97.4M	76.2M	100.59M
Cash Only	317.45M	204.76M	158.72M	141.59M	109.48M	317.38M	189.71M	97.4M	76.2M	100.59M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	218.05M	221.18M	262.75M	256.73M	267.59M	228.64M	295.32M	309.55M	327.75M	310.15M
Days Sales Outstanding	212.92	213.95	251.87	250.28	246.85	609.13	422.9	375.61	319.15	321.41
Inventory	38.75M	42.12M	30.79M	44.56M	42.99M	39.58M	26.92M	31.53M	31.58M	32.84M
Days Inventory Outstanding	91.54	88.03	57.48	97.7	86.46	125.12	81.57	79.68	71.83	73.99
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	340.81M	367.92M	406.8M	420.43M	458.77M	401.74M	359.49M	370.33M	366.79M	373.7M
Property, Plant & Equipment	218.27M	245.41M	276.78M	280.66M	306.85M	277.4M	260.35M	252.9M	243.3M	240.13M
Fixed Asset Turnover	1.71x	1.54x	1.38x	1.33x	1.29x	0.49x	0.98x	1.19x	1.54x	1.47x
Goodwill	39.03M	39.03M	39.03M	39.03M	39.03M	39.03M	39.03M	52.81M	52.81M	52.81M
Intangible Assets	43.52M	46.94M	36.24M	50.46M	48.27M	32.02M	27.32M	38.02M	41.81M	43.81M
Long-Term Investments	2.2M	3.91M	9.91M	4.59M	19.14M	14.63M	2.09M	2.04M	1M	1M
Other Non-Current Assets	12.03M	11.85M	14.14M	14.42M	21.58M	20.67M	16.8M	14.66M	19.88M	21.44M
Total Assets+	930.63M	857.33M	866.61M	873.6M	889.07M	997.75M	883.25M	821.15M	814.67M	830.4M
Asset Turnover	0.40x	0.44x	0.44x	0.43x	0.45x	0.14x	0.29x	0.37x	0.46x	0.42x
Asset Growth %	0.5%	-0.08%	0.01%	0.01%	0.02%	0.12%	-0.11%	-0.07%	-0.01%	0.02%
Total Current Liabilities+	224.2M	203.46M	263M	274.24M	245.97M	513.85M	211.59M	249.57M	227.43M	200.77M
Accounts Payable	23.45M	19.99M	24.23M	32.06M	20.41M	20.84M	15.94M	25.24M	26.39M	19.8M
Days Payables Outstanding	55.41	41.78	45.24	70.29	41.05	65.87	48.3	63.77	60.01	44.62
Short-Term Debt	29.28M	27.32M	25.36M	37.75M	18.23M	305.68M	2.47M	36.11M	22.92M	39.23M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	-29.28M	-27.32M	0	0	0	0	0	0	0	84.86M
Current Ratio	2.63x	2.41x	1.75x	1.65x	1.75x	1.16x	2.48x	1.81x	1.97x	2.27x
Quick Ratio	2.46x	2.20x	1.63x	1.49x	1.57x	1.08x	2.35x	1.68x	1.83x	2.11x
Cash Conversion Cycle	249.05	260.2	264.1	277.69	292.25	668.38	456.17	391.52	330.97	350.78
Total Non-Current Liabilities+	29.28M	27.32M	0	0	0	19.13M	241.28M	241.81M	241.65M	251.41M
Long-Term Debt	29.28M	27.32M	25.36M	37.75M	18.23M	0	223.64M	226.91M	229.13M	229.9M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	8.99M
Deferred Tax Liabilities	0	0	0	0	0	19.13M	17.64M	14.9M	12.52M	12.52M
Other Non-Current Liabilities	-104.99M	-90.27M	-138.63M	-144.46M	-112.78M	0	0	0	0	0
Total Liabilities	253.47M	230.78M	263M	274.24M	245.97M	532.98M	452.88M	491.39M	469.08M	452.18M
Total Debt+	58.55M	54.63M	50.71M	75.51M	36.46M	305.68M	226.11M	263.02M	252.06M	278.12M
Net Debt	-258.9M	-150.13M	-108.01M	-66.08M	-73.03M	-11.7M	36.4M	165.62M	175.85M	177.53M
Debt / Equity	0.09x	0.09x	0.08x	0.13x	0.06x	0.66x	0.53x	0.80x	0.73x	0.74x
Debt / EBITDA	0.45x	0.52x	0.52x	0.74x	0.26x	-	3.37x	5.08x	2.28x	2.54x
Net Debt / EBITDA	-1.98x	-1.43x	-1.10x	-0.64x	-0.52x	-	0.54x	3.20x	1.59x	1.62x
Interest Coverage	52.84x	32.46x	16.19x	15.49x	27.67x	-17.38x	1.55x	-0.82x	7.39x	5.43x
Total Equity+	677.16M	626.55M	603.61M	599.36M	643.1M	464.77M	430.37M	329.77M	345.59M	378.21M
Equity Growth %	0.59%	-0.07%	-0.04%	-0.01%	0.07%	-0.28%	-0.07%	-0.23%	0.05%	0.09%
Book Value per Share	9.53	9.18	9.21	9.48	10.46	7.85	7.28	5.82	6.27	7.02
Total Shareholders' Equity	623.89M	562.01M	527.75M	512.16M	547.69M	385.49M	356.08M	263.36M	273.14M	299.47M
Common Stock	448.31M	439.21M	445.8M	422.45M	423.39M	407.03M	409.98M	376.71M	389.05M	401.42M
Retained Earnings	19.93M	-47.37M	-87.59M	-85.39M	-40.25M	-202.85M	-234.97M	-293.12M	-292.85M	-274.68M
Treasury Stock	0	-1.94M	-5.13M	-916K	-4.04M	-11K	0	0	0	0
Accumulated OCI	-7.44M	-5.2M	-626K	-3.59M	-3.19M	181.32M	6.46M	-5.91M	-8.15M	-12.55M
Minority Interest	53.27M	64.54M	75.86M	87.2M	95.4M	79.28M	74.29M	66.41M	72.45M	78.75M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	84.2M	77.87M	85.37M	109.97M	90.38M	-23.01M	6.07M	17.32M	58.62M	70.84M
Operating CF Margin %	0.23%	0.21%	0.22%	0.29%	0.23%	-0.17%	0.02%	0.06%	0.16%	0.2%
Operating CF Growth %	-0.03%	-0.08%	0.1%	0.29%	-0.18%	-1.25%	1.26%	1.86%	2.38%	0.21%
Net Income	64.62M	39.32M	12.52M	33.59M	58.57M	-157.49M	-9.58M	-19.88M	33.07M	32.7M
Depreciation & Amortization	42.8M	46.48M	66.81M	57.44M	62.98M	52.7M	56.08M	56.66M	60.02M	65.5M
Stock-Based Compensation	22.38M	31.59M	24.07M	23.72M	23.57M	22.04M	26.08M	27.57M	24.23M	23.21M
Deferred Taxes	-1.34M	4.94M	-4.02M	-6.92M	6.76M	23.62M	3M	-2.07M	-1.45M	-5.63M
Other Non-Cash Items	-8.21M	-13.59M	-4.88M	12.89M	7.86M	39.82M	-4.76M	19.94M	5.2M	2.07M
Working Capital Changes	-36.06M	-30.87M	-9.14M	-10.75M	-69.37M	-3.71M	-64.76M	-64.9M	-62.46M	-47.02M
Change in Receivables	-36.15M	-6.04M	-45.06M	35.27M	-13M	20.67M	-62.99M	-22.93M	-19.6M	20.67M
Change in Inventory	-21.07M	-3.83M	10.83M	-14.02M	1.94M	1.64M	11.45M	-5.53M	-285K	-1.5M
Change in Payables	9.18M	-3.36M	4.2M	7.75M	-11.77M	414K	-4.75M	8.5M	-535K	-6.38M
Cash from Investing+	-78.8M	-64.89M	-73.6M	-56.87M	-65.99M	-9.26M	-7K	-53.29M	-31.79M	-41.22M
Capital Expenditures	-71.73M	-58.19M	-66.78M	-48.18M	-47.91M	-7.35M	-13.68M	-28.23M	-24.49M	-32.77M
CapEx % of Revenue	0.19%	0.15%	0.18%	0.13%	0.12%	0.05%	0.05%	0.09%	0.07%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5.07M	-4.79M	-3.61M	-8.7M	37.56M	-1.9M	-4.09M	-4.39M	-8.34M	-8.45M
Cash from Financing+	204.69M	-125.78M	-57.54M	-70.86M	-57.12M	240.57M	-132.72M	-58.51M	-48.53M	-6.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	214.01M	-5.27M	-4.26M	-6.72M	-1.46M	-5.8M	-28.42M	-8.67M	-7.95M	313K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.41M	14.9M	13.38M	53.1M	39.53M	-32.27M	-11.71M	-15.3M	25.78M	29.62M
FCF Margin %	0.02%	0.04%	0.04%	0.14%	0.1%	-0.24%	-0.05%	-0.05%	0.07%	0.08%
FCF Growth %	-0.73%	1.01%	-0.1%	2.97%	-0.26%	-1.82%	0.64%	-0.31%	2.68%	0.15%
FCF per Share	0.10	0.22	0.20	0.84	0.64	-0.54	-0.20	-0.27	0.47	0.55
FCF Conversion (FCF/Net Income)	1.51x	2.71x	36.42x	4.81x	1.93x	0.16x	-0.27x	-0.76x	2.31x	2.72x
Interest Paid	0	0	0	0	0	5.77M	3.25M	715K	3.93M	5.72M
Taxes Paid	0	0	0	0	0	4.76M	18.48M	13.96M	17.81M	14.58M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.12%	4.42%	0.38%	3.8%	7.54%	-25.96%	-4.99%	-6%	7.5%	7.2%
Return on Invested Capital (ROIC)	17.6%	9.82%	4.85%	6.59%	10.51%	-17.86%	1.79%	-0.75%	7.43%	6.11%
Gross Margin	58.66%	53.71%	48.65%	55.54%	54.13%	15.72%	52.73%	51.98%	57.18%	54%
Net Margin	14.94%	7.63%	0.62%	6.1%	11.84%	-104.94%	-8.76%	-7.58%	6.76%	7.4%
Debt / Equity	0.09x	0.09x	0.08x	0.13x	0.06x	0.66x	0.53x	0.80x	0.73x	0.74x
Interest Coverage	52.84x	32.46x	16.19x	15.49x	27.67x	-17.38x	1.55x	-0.82x	7.39x	5.43x
FCF Conversion	1.51x	2.71x	36.42x	4.81x	1.93x	0.16x	-0.27x	-0.76x	2.31x	2.72x
Revenue Growth	28.66%	0.94%	0.91%	-1.67%	5.68%	-65.37%	86.04%	18.02%	24.61%	-6.04%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service	-	-	-	-	188.55M	59.32M	131.15M	161.38M	189.75M	192.2M
Service Growth	-	-	-	-	-	-68.54%	121.09%	23.05%	17.58%	1.29%
Technology Sales	-	-	-	-	-	49.73M	66.15M	69.16M	100.79M	87.77M
Technology Sales Growth	-	-	-	-	-	-	33.03%	4.54%	45.74%	-12.92%
Technology Rentals	-	-	-	-	-	17.84M	46.79M	61.79M	75.57M	62.56M
Technology Rentals Growth	-	-	-	-	-	-	162.26%	32.05%	22.30%	-17.21%
Finance Income	-	-	-	-	10.91M	10.12M	10.79M	8.48M	8.73M	9.69M
Finance Income Growth	-	-	-	-	-	-7.29%	6.68%	-21.40%	2.91%	10.96%
Equipment And Product Sales	-	-	-	-	118.25M	-	-	-	-	-
Equipment And Product Sales Growth	-	-	-	-	-	-	-	-	-	-
Rentals	-	-	-	-	77.96M	-	-	-	-	-
Rentals Growth	-	-	-	-	-	-	-	-	-	-
Network Business Total	-	-	183.19M	184.16M	-	-	-	-	-	-
Network Business Total Growth	-	-	-	0.53%	-	-	-	-	-	-
Theater Business Total	-	-	154.99M	168.4M	-	-	-	-	-	-
Theater Business Total Growth	-	-	-	8.65%	-	-	-	-	-	-
IMAX DMR	-	-	108.85M	110.79M	-	-	-	-	-	-
IMAX DMR Growth	-	-	-	1.78%	-	-	-	-	-	-
IMAX system sales and sales-type leases	-	-	90.35M	88.43M	-	-	-	-	-	-
IMAX system sales and sales-type leases Growth	-	-	-	-2.12%	-	-	-	-	-	-
Others Total	-	-	18.07M	16.06M	-	-	-	-	-	-
Others Total Growth	-	-	-	-11.08%	-	-	-	-	-	-
New Business	-	-	24.52M	5.77M	-	-	-	-	-	-
New Business Growth	-	-	-	-76.47%	-	-	-	-	-	-
Film distribution	-	-	-	3.45M	-	-	-	-	-	-
Film distribution Growth	-	-	-	-	-	-	-	-	-	-
Others	-	-	4.89M	3.1M	-	-	-	-	-	-
Others Growth	-	-	-	-36.60%	-	-	-	-	-	-
Ongoing fees and finance income	-	-	-	1.67M	-	-	-	-	-	-
Ongoing fees and finance income Growth	-	-	-	-	-	-	-	-	-	-
Theater System Maintenance	36.94M	40.43M	45.38M	-	-	-	-	-	-	-
Theater System Maintenance Growth	-	9.44%	12.25%	-	-	-	-	-	-	-
Other theater	-	-	9.14M	-	-	-	-	-	-	-
Other theater Growth	-	-	-	-	-	-	-	-	-	-
Post Production	-	-	10.38M	-	-	-	-	-	-	-
Post Production Growth	-	-	-	-	-	-	-	-	-	-
IMAX systems - contingent rent	-	-	3.89M	-2.32M	-	-	-	-	-	-
IMAX systems - contingent rent Growth	-	-	-	-159.56%	-	-	-	-	-	-
Joint Revenue Sharing Arrangements	99.12M	91.41M	70.44M	-3.61M	-	-	-	-	-	-
Joint Revenue Sharing Arrangements Growth	-	-7.78%	-22.94%	-105.12%	-	-	-	-	-	-
Joint revenue sharing arrangements - fixed fees	-	-	10.12M	-5.13M	-	-	-	-	-	-
Joint revenue sharing arrangements - fixed fees Growth	-	-	-	-150.75%	-	-	-	-	-	-
Film Distribution	3.88M	5.25M	2.79M	-	-	-	-	-	-	-
Film Distribution Growth	-	35.55%	-46.90%	-	-	-	-	-	-	-
Production and IMAX DMR	-	106.4M	-	-	-	-	-	-	-	-
Production and IMAX DMR Growth	-	-	-	-	-	-	-	-	-	-
IMAX Systems	-	105.53M	-	-	-	-	-	-	-	-
IMAX Systems Growth	-	-	-	-	-	-	-	-	-	-
Production and Imax Dmr	107.09M	-	-	-	-	-	-	-	-	-
Production and Imax Dmr Growth	-	-	-	-	-	-	-	-	-	-
Imax Systems	102.13M	-	-	-	-	-	-	-	-	-
Imax Systems Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	121.26M	30.16M	73.5M	107.73M	117.92M	137.76M
UNITED STATES Growth	-	-	-	-	-	-75.13%	143.72%	46.58%	9.46%	16.82%
China	110.59M	118.53M	126.47M	117.52M	124.29M	52.33M	112.8M	73.33M	91.9M	81M
China Growth	-	7.18%	6.70%	-7.08%	5.76%	-57.90%	115.55%	-34.99%	25.33%	-11.86%
Asia Excluding China	-	-	-	-	48.39M	20.09M	23.68M	47.15M	59.69M	57.69M
Asia Excluding China Growth	-	-	-	-	-	-58.48%	17.88%	99.08%	26.61%	-3.35%
Western Europe	39.57M	36.29M	32.77M	40.5M	46.91M	13.68M	20.94M	40.24M	54.91M	40.81M
Western Europe Growth	-	-8.30%	-9.70%	23.60%	15.84%	-70.83%	53.05%	92.17%	36.43%	-25.67%
Rest Of World	-	-	-	-	20.03M	10.34M	9.78M	12.53M	17.88M	16.61M
Rest Of World Growth	-	-	-	-	-	-48.39%	-5.34%	28.11%	42.66%	-7.11%
CANADA	-	-	-	-	9.22M	1.36M	3.27M	7.55M	18.75M	9.34M
CANADA Growth	-	-	-	-	-	-85.20%	139.27%	131.17%	148.29%	-50.15%
Latin America	10.18M	12.19M	10.96M	12.95M	9.44M	6.11M	3.6M	9.42M	13.79M	8.99M
Latin America Growth	-	19.77%	-10.07%	18.14%	-27.13%	-35.22%	-41.10%	161.54%	46.40%	-34.77%
Russia And Cis	-	-	-	-	16.12M	2.93M	7.31M	2.85M	-	-
Russia And Cis Growth	-	-	-	-	-	-81.85%	149.68%	-61.02%	-	-
United States	136.02M	129.84M	135.15M	118.5M	-	-	-	-	-	-
United States Growth	-	-4.54%	4.09%	-12.33%	-	-	-	-	-	-
Asia (excluding China)	38.14M	35.28M	35.9M	46.86M	-	-	-	-	-	-
Asia (excluding China) Growth	-	-7.50%	1.74%	30.54%	-	-	-	-	-	-
world	15.23M	17.47M	15.65M	17.44M	-	-	-	-	-	-
world Growth	-	14.70%	-10.41%	11.43%	-	-	-	-	-	-
Canada	11.66M	12.82M	12.81M	10.51M	-	-	-	-	-	-
Canada Growth	-	9.92%	-0.08%	-17.99%	-	-	-	-	-	-
Russia and Cis	12.41M	14.91M	11.05M	10.13M	-	-	-	-	-	-
Russia and Cis Growth	-	20.11%	-25.85%	-8.33%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

IMAX Corporation (IMAX) has a price-to-earnings (P/E) ratio of 75.6x. This suggests investors expect higher future growth.

Growth & Financials

IMAX Corporation (IMAX) reported $377.2M in revenue for fiscal year 2024. This represents a 60% increase from $235.1M in 2011.

IMAX Corporation (IMAX) saw revenue decline by 6.0% over the past year.

Yes, IMAX Corporation (IMAX) is profitable, generating $39.5M in net income for fiscal year 2024 (7.4% net margin).

Dividend & Returns

IMAX Corporation (IMAX) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.

IMAX Corporation (IMAX) generated $91.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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