IMAX Corporation (IMAX) AI Stock Analysis

IMAX Corporation operates as an entertainment technology company worldwide, offering cinematic solutions through proprietary software, theater architecture, intellectual property, and specialized equipment. It provides IMAX Digital Re-Mastering (DMR) technology to enhance image resolution and sound quality for theatrical projection. The company distributes theater systems through sales, leases, and joint revenue sharing arrangements alongside digital projection systems. In addition, IMAX provides maintenance services, distributes large-format documentary films, provides post-production and quality control, and rents film and digital cameras. As of December 31, 2021, it operated 1,683 theater systems across 87 countries and territories.

IMAX grew annual revenue from $254.9M in FY2021 to $410.2M in FY2025, delivering a 5-year revenue CAGR of 24.5%. Gross margin expanded to 57.9% in FY2025, while operating margin reached 23.3% and net income totaled $34.9M, producing diluted earnings per share of $1.44. In the latest quarter ended June 30, 2026, revenue increased 12.2% year-over-year, and quarterly earnings grew 35.0%. Over the trailing twelve months, revenue was $416.1M, with a net profit margin of 9.8% and earnings per share of $0.72.

As of June 30, 2026, IMAX held $159.9M in cash and short-term investments against total debt of $282.6M, resulting in net debt of $122.7M. The balance sheet reflects total assets of $917.9M, shareholders' equity of $355.9M, a current ratio of 2.66, and a debt-to-equity ratio of 0.79. In FY2025, the company generated $127.1M in operating cash flow and $118.9M in free cash flow, while deploying $8.2M toward capital expenditures and $1.5M toward share buybacks. The share count decreased 5.4% over five years.

At $50.82 per share, IMAX holds a market capitalization of $2.79B and an enterprise value of $3.06B. The stock trades at a trailing price-to-earnings multiple of 70.6x and a forward multiple of 29.0x, compared to medians of 16.2x and 14.1x for its US-listed Communication Services peers. Its price-to-sales ratio of 6.7x also exceeds the peer median of 0.8x, alongside an EV-to-EBITDA ratio of 23.1x versus the peer median of 10.0x. Over the past year, IMAX stock gained 61.0%, outpacing the 16.8% return of the S&P 500 (SPY).

Wall Street coverage includes 7 Strong Buy, 3 Buy, and 2 Hold recommendations, with no Sell or Strong Sell ratings. The mean price target is $58.33, implying 14.8% upside from the close of $50.82 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts anticipate revenue of $475.9M and earnings per share of $2.13, representing 47.2% EPS growth. IMAX has exceeded consensus EPS estimates in each of the last 4 quarters, with its next earnings release scheduled for October 22, 2026.

This page is an AI-written research summary of IMAX Corporation (IMAX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: IMAX income statement, IMAX balance sheet, IMAX key metrics, IMAX analyst forecast, IMAX chart. See the IMAX stock overview for the latest quote and news.