| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 21 | 71.4x | 17.8x | Bottom tier | |
Growth | 78 | 14.8% | 7.1% | Top tier | |
Quality | 86 | 11.1% | 4.5% | Top tier | |
Safety | 77 | 1.3x | 2.6x | Top tier | |
Capital Return | 46 | — | 2.12% | Around median | |
Momentum | 93 | 74.1% | 2.9% | Top tier | |
Sentiment | 38 | 7 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
IMAX Corporation develops and markets immersive cinematic presentation technologies, linking its revenue to the box office through content solutions and to the sale, installation, upgrade, lease, refurbishment, and servicing of IMAX systems. In Q2 of fiscal 2026, the Content Solutions segment generated $35 million in revenue, while the Technology Products and Services segment generated $65 million; thus, the technology segment was the larger revenue driver, benefiting from increased installations, refurbishments, and rental revenue.
In Q2 of fiscal 2026, revenue according to EDGAR filings was approximately $102.8 million, and gross profit was $62.9 million, representing a gross margin of about 61%, while net income reached $15.4 million and earnings per share were $0.27. On the adjusted measures presented by management, revenue was $103 million, up 12% year over year, adjusted earnings before interest, taxes, depreciation, and amortization reached $48 million at a 46.6% margin, and adjusted earnings per share rose 65% to a second-quarter record of $0.43.
During the twelve months ended in fiscal 2026, IMAX recorded revenue of $416.1 million, gross profit of $248.1 million, and net income of $40.9 million. These results compare with revenue of $410.2 million and net income of $34.9 million in fiscal 2025, showing that profitability improved more strongly than revenue growth, alongside operating expense discipline and an improved mix of systems and services revenue.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rates IMAX shares a “Buy,” with an average price target of $49.57, within a wide range of $41 to $60. The average target is below the 52-week range high of $55.57, while the highest target exceeds that high and the lowest target remains above the range low of $28.42; this divergence reflects a material difference of opinion regarding the sustainability of the impact of The Odyssey and network growth after the record performance in August 2026.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue in Q2 of fiscal 2026 was approximately $102.8 million according to EDGAR, with gross profit of $62.9 million and net income of $15.4 million. On the adjusted figures presented by management, revenue rose 12% to $103 million, and earnings before interest, taxes, depreciation, and amortization reached $48 million at a 46.6% margin. The improvement came from increased system installations and refurbishments and rental revenue, in addition to operating expense discipline and an improved revenue mix.
The Odyssey generated a $52 million global opening through IMAX and captured 20% of the film’s opening revenue on less than 1% of screens. Domestic occupancy reached 75%, while 41 70-millimeter film screens generated $6.3 million in revenue, averaging $153 thousand per screen. By August 24, 2026, news reports linked the film’s continued success to IMAX achieving the best month in its financial and operating history.
The company installed 38 systems in Q2 of fiscal 2026 versus 36 systems in the comparable period, the highest number of second-quarter installations in a decade according to management. Installations were split between 20 revenue-sharing systems and 18 sales, and between 17 new locations and 21 upgrades. It also signed 36 systems during the quarter, 80% of which were for new locations, and the total number of new and upgraded agreements since the beginning of fiscal 2026 reached 62 through July 23, 2026.
The segment generated $65 million in revenue in Q2 of fiscal 2026, representing 16% year-over-year growth, compared with Content Solutions revenue of $35 million and growth of 2%. The technology segment’s gross profit margin rose from 54% to 60% due to a higher mix of installations, refurbishments, rentals, and higher-margin revenue. These figures show that system sales and servicing and network expansion represented the largest driver of quarterly growth.
A significant portion of the momentum is tied to two blockbuster films, The Odyssey and Dune Part Three, while the timing of some releases overlaps, including Spider-Man with The Odyssey and Avengers with Dune. Management also described China’s performance in the first half of fiscal 2026 as disappointing, and its second-half outlook was limited to cautious optimism. In addition, expanding 70-millimeter presentations requires auditoriums, infrastructure, and long presentation periods, with a film print costing approximately $50 thousand per theater.
Cash was $160 million and debt was $292 million as of June 30, 2026, with net leverage of 0.7 times. Operations generated $36 million in cash inflow in the first half of fiscal 2026 versus $30 million a year earlier, despite paying $10 million in lease incentives to partners. In Q2 of fiscal 2026, the company allocated $13.7 million to share repurchases while continuing to invest in expanding the IMAX network.
