Company Analysis

Imax Corp (IMAX)

NYSE: IMAX · Photographic Equipment & Supplies · Mississauga, ON · filing with the SEC since 1997
Grade5.8
◀ Past 5.0● Present 5.6▶ Future 6.9

The grade of Imax Corp

Nine metrics read from its own filings, by tense
Headline grade
5.8/10
◀ Past5.030% of the headline
● Present5.640% of the headline
▶ Future6.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 75th percentile among 24 sector filers · read for itself

From the record

Imax Corp's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.6/10

What has it actually done, year after year?

+0.9% a year over 10 filed years; profitable in 7 of 10.

weight 45% of this tense · 36th percentile among 23 sector filers · read for its customers

From the record

Imax Corp's 10 filed years say what it did: revenue went from $377 million in fiscal 2016 to $410 million in fiscal 2025, up 0.9% a year; it rose in 6 of 9 years; the deepest fall was 65% from fiscal 2019 to fiscal 2020; net income was positive in 7 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span0.9%bottom 41% of its family
  • the share of years revenue rosetop 50% of its family
  • the share of filed years with a profitbottom 48% of its family
  • the deepest fall from a revenue peak65.4%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.2/10

How has it treated the people who own it?

Share count shrank 0.7% a year. 0% of cash flow returned. Insiders: 31 sales, 0 purchases.

weight 22% of this tense · 42nd percentile among 16 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Imax Corp's diluted share count shrank about 0.7% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 31 sales (14 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-02 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 35% of its family
  • cash returned against operating cash flowbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.7/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 52%: owes 52¢ per asset dollar.

weight 45% of this tense · 47th percentile among 24 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Imax Corp earned about 8 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 28 cents per dollar of everything the company owns. Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 3.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 48% of its family
  • return on equitytop 44% of its family
  • gross profit against assetsbottom 48% of its family
  • the share count against the year beforebottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.5/10

How strong is its position in its industry?

top 45% of 23 in its family; net margin 8.5%.

weight 33% of this tense · 55th percentile among 23 sector filers · read for its customers

From the record

Imax Corp's standing among 23 graded names in its industry family: revenue of $410 million in fiscal 2025 ranks in the bottom 34% by size; a net margin of 8.5% ranks in the top 41%; revenue growth of 10.9% a year over the last 3 filed years ranks in the top 28% (its annual reports).

What it rests on

  • revenue against the family$410Mbottom 34% of its family
  • net margin8.5%top 41% of its family
  • three-year revenue growth10.9%top 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.8/10

What are the people in charge doing?

top 22% of 18 in its family for leadership; chief executive since 2006.

weight 22% of this tense · 78th percentile among 18 sector filers · read for its shareholders

From the record

Imax Corp's leadership, from its insiders' filings and its current reports: the chief executive on the record is Gelfond, Richard L (Chief Executive Officer, as filed), filing under that title since 2006-03-14, 20.7 years (top 15% of its family); the 21 officers and directors filing in the last fifteen months have been on the record a median of 6.8 years (top 32%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 21 people in charge now (top 18%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 21 peopletop 18% of its family
  • the median years the people in charge have filed6.8 yearstop 32% of its family
  • the chief executive's years on the record20.7 yearstop 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.9/10

How much room does it have to grow?

top 31% of 23 in its family for room to expand.

weight 45% of this tense · 69th percentile among 23 sector filers · read for itself

From the record

Imax Corp's room to grow, from the newest filed statements (fiscal 2025): cash of $151 million against no long-term debt tagged leaves 16.9% of its assets as net cash, top 26% of its family; cash from operations less capital spending is 29% of revenue (top 7%); a gross margin of 60% (top 7%); research spending of 1.4% of revenue (bottom 18%) (its annual report).

What it rests on

  • cash less debt against assets16.9%top 26% of its family
  • cash from operations less capital spending against revenue29.0%top 7% of its family
  • gross margin60.0%top 7% of its family
  • research spending against revenue1.4%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.5/10

What could actually drive growth from here?

top 35% of 23 in its family for growth drivers.

weight 33% of this tense · 65th percentile among 23 sector filers · read for its customers

From the record

Imax Corp's growth drivers, from the filed years to fiscal 2025: revenue grew 10.9% a year over the last three filed years against 0.9% over all 10, speeding up (top 7% of its family); the newest year grew 16.5% (top 24%); research spending grew 3.1% a year (top 50%); capital spending grew -1% a year (bottom 41%) (its annual reports). Imax Corp reported 3 lines of business in fiscal 2025: Technology Products and Services at $251 million (61%), Content Solutions at $151 million (37%), All Other at $8 million (2%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+10.0 points a yeartop 7% of its family
  • the newest year's revenue growth16.5%top 24% of its family
  • three-year growth of research spending3.1%top 50% of its family
  • three-year growth of capital spending-1.0%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.7/10

Did its newest year beat what its own record pointed to?

top 23% of 22 in its family for expectations against reality.

weight 22% of this tense · 77th percentile among 22 sector filers · read for its shareholders

From the record

Imax Corp's newest year against its own record: revenue of $410 million in fiscal 2025 came in 7.6% above the $381 million its prior three years' pace pointed to (top 34% of its family); net income of $35 million against a prior three-year average of $10 million (top 7%); a net margin of 8.5% against 2.2% before (top 30%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace7.6%top 34% of its family
  • net income against the prior three years' average+266%top 7% of its family
  • net margin against its prior average+6.3 pointstop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton IMAX · research, not advice