Full text
Earnings transcript
Read the complete earnings call transcript.
IMAX
IMAX Corporation
$40.13
1.49
(3.86%)
[ms_data_label text=’Delayed data’]
| Exchange: | NYSE |
| Market Cap: | 2.167B |
| Shares Outstanding: | 27.813M |
About The Company
| Sector: | Communication Services | |||||
| Industry: | Entertainment | |||||
| CEO: | Richard Lewis Gelfond | |||||
| Full Time Employees: | 700 | |||||
| Address: |
| |||||
| Website: | https://www.imax.com |
IMAX 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.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 374,839 | 352,208 | 410,212 |
| Gross Profit | 214,341 | 190,200 | 237,574 |
| EBITDA | 112,960 | 111,285 | 133,101 |
| Operating Income | 50,398 | 43,862 | 95,604 |
| Net Income | 25,335 | 26,059 | 34,876 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 814,669 | 830,398 | 894,031 |
| Total Liabilities | 469,080 | 452,183 | 466,298 |
| Total Stockholders Equity | 273,141 | 299,466 | 337,891 |
| Total Debt | 252,055 | 266,257 | 244,034 |
| Cash and Cash Equivalents | 76,200 | 100,592 | 151,168 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 58,615 | 70,837 | 127,068 |
| Capital Expenditure | -32,835 | -41,216 | -8,167 |
| Free Cash Flow | 25,780 | 29,621 | 118,901 |
| Net Income | 33,066 | 32,702 | 45,526 |
| Net Change in Cash | -21,201 | 24,392 | 50,576 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 566,821.388 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 613,550.870 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 592,778.421 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 234,551.049 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 253,887.738 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 245,292.086 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 157,669.978 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 174,803.636 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 167,187.443 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 229,059.711 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 247,943.688 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 239,549.278 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.010 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.150 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.840 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Record Financial Performance: IMAX reported its highest-ever third-quarter revenue in Q3 2025, as highlighted in the earnings call transcript, reflecting strong operational execution and market demand for its premium cinematic experiences. Key financial results surpassed expectations, with notable growth in revenue and market share.
- Robust Content Portfolio: The earnings call emphasized a diverse and strong content slate driving performance, positioning IMAX as a leader in delivering unique viewing experiences that attract global audiences.
- Positive Free Cash Flow: Analysis of cash flow statements indicates consistent generation of free cash flow, supported by operating cash flow growth, which provides financial flexibility for reinvestment and debt management.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates IMAX intrinsic value between $8.09 – $20.71 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about IMAX valuation
Is IMAX Corporation (IMAX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for IMAX Corporation (IMAX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is IMAX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether IMAX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is IMAX’s P/E ratio?
You can see IMAX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for IMAX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is IMAX a good long-term investment?
Whether IMAX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
IMAX
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
[ms_data_label text="Daily snapshot"]
3.86
Trading Metrics:
| Open: | [ms_cell_or_dash table='trading_quote' column='open'] | Previous Close: | [ms_cell_or_dash table='trading_quote' column='previousClose'] | |
| Day Low: | [ms_cell_or_dash table='trading_quote' column='dayLow'] | Day High: | [ms_cell_or_dash table='trading_quote' column='dayHigh'] | |
| Year Low: | 20.48 | Year High: | 43.16 | |
| Price Avg 50: | 37.66 | Price Avg 200: | 33.22 | |
| Volume: | 981341 | Average Volume: | 1.104M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeIMAX full analysis
Welcome to MARKETSNAP’s SWOT analysis for IMAX Corporation! If you’re a long-term investor looking to build wealth and grow your portfolio, you’re in the right place. Today, we’re diving deep into IMAX, a name most of you already know for its larger-than-life cinema experiences. We’ll break down their strengths, weaknesses, opportunities, and threats, while sprinkling in some recent developments and financial insights to keep things interesting. Let’s get started with a quick overview of where IMAX stands right now. IMAX…
