Imax Corporation — Earnings Quality Grade B
IMAX · Communication Services
Generally healthy
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 101 days, change -18 days YoY
AR growth -1.4% vs revenue growth 16.5%
Revenue 16.5%, CFFO 79.4%. Cash follows revenue
Expense Quality
Inventory -1.0% vs COGS 1.2%. Normal
CapEx growth 1.7% vs revenue 16.5%. Normal
SG&A/Gross Profit = 56.2%. Normal
Gross margin swung +6.0pp (54.0% → 60.0%)
Cash Flow Quality
CFFO/NI = 3.64. Profits backed by cash
FCF $0.1B, FCF/NI = 2.44
Accruals ratio = -10.3%. Low accruals
Cash $0.2B covers 54% of debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 28% of equity. Manageable
Debt/EBITDA = 2.1x. Healthy
Other assets 13.4% vs revenue 16.5%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -3.01 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25