IMAX
IMAX Corporation
IMAX has the edge over RDDT overall, supported by stronger valuation and lower modeled downside.
RDDT
Reddit, Inc.
RDDT's outlook is improving, though it still trails on the overall score.
IMAX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
IMAX's revenue, profitability, cash flow and balance sheet are all currently strong.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
IMAX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 21x | $47.89 | — |
| Forward | 24x | $47.89 | — |
| Cheap | 35x | $81.28 | +70% |
| Fair | 53x | $122 | +154% |
| Expensive | 62x | $144 | +202% |
Historical ranges are pointers, not guarantees.
IMAX's PE is in its cheap range at 21x. On analysts' estimates for next year's earnings, today's price would be 24x.
RDDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $99.55 | — |
| Current | 20x | $99.55 | — |
| Cheap | 35x | $171 | +72% |
| Fair | 46x | $228 | +129% |
| Expensive | 53x | $262 | +163% |
Historical ranges are pointers, not guarantees.
RDDT has the edge over IMAX in the historical PE scenario, which offers more potential upside but is not a forecast.
IMAX Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect IMAX's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over IMAX on the outlook, with more favorable valuation and revenue expectations.
IMAX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.01 | -13% |
| Q3 2026 | $2.32 | +231% |
| Q2 2026 | $0.73 | +24% |
| Q1 2026 | $0.66 | +43% |
| Q4 2025 | $0.63 | +31% |
| Q3 2025 | $0.70 | +59% |
| Q2 2025 | $0.59 | +47% |
| Q1 2025 | $0.46 | -4.2% |
| Q4 2024 | $0.48 | +4.3% |
IMAX has the stronger earnings trend. Trailing diluted EPS is up 231% for IMAX versus RDDT down 39%.
RDDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.32 | +29% |
| Q3 2024 | -$7.98 | -$7.17 |
| Q2 2024 | -$8.19 | -$7.15 |
| Q1 2024 | -$8.38 | -$7.25 |
| Q4 2023 | -$0.56 | +$0.41 |
| Q3 2023 | -$0.81 | -$0.02 |
| Q2 2023 | -$1.04 | -$0.48 |
| Q1 2023 | -$1.13 | -$0.48 |
| Q4 2022 | -$0.97 | -$0.19 |
RDDT has returned to profit: it earned $4.90 per share over the past year, after losing money the year before.
IMAX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $174.6M | +64% |
| Q2 2026 | $102.8M | +12% |
| Q1 2026 | $81.4M | -6.1% |
| Q4 2025 | $125.2M | +35% |
| Q3 2025 | $106.7M | +17% |
| Q2 2025 | $91.7M | +3.1% |
| Q1 2025 | $86.7M | +9.5% |
| Q4 2024 | $92.7M | +7.7% |
IMAX's revenue is growing: $175M last quarter, up 64% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 43% | +16 points |
| Q2 2026 | 20% | +4.5 points |
| Q1 2026 | 12% | -7.1 points |
| Q4 2025 | 19% | +9 points |
| Q3 2025 | 27% | +6 points |
| Q2 2025 | 16% | +12 points |
| Q1 2025 | 19% | +4.1 points |
| Q4 2024 | 10% | +7.1 points |
IMAX has the edge over RDDT on profitability, with a higher operating margin.
RDDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $895M | +53% |
| Q2 2026 | $804.9M | +61% |
| Q1 2026 | $663.4M | +69% |
| Q4 2025 | $725.6M | +70% |
| Q3 2025 | $584.9M | +68% |
| Q2 2025 | $499.6M | +78% |
| Q1 2025 | $392.4M | +61% |
| Q4 2024 | $427.7M | +71% |
RDDT has the edge over IMAX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +5.5 points |
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 28% | +27 points |
| Q4 2025 | 32% | +20 points |
| Q3 2025 | 24% | +22 points |
| Q2 2025 | 14% | +25 points |
| Q1 2025 | 1% | +244 points |
| Q4 2024 | 12% | +11 points |
RDDT's operating margin was 29% last quarter, up 5.5 points from the same quarter a year ago, near the top of its range since 2020.
IMAX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $84.2M | +30% |
| Q2 2026 | $32M | +53% |
| Q1 2026 | $1.9M | -64% |
| Q4 2025 | $28M | +307% |
| Q3 2025 | $64.8M | +90% |
| Q2 2025 | $20.9M | -38% |
| Q1 2025 | $5.3M | +$17.4M |
| Q4 2024 | $6.9M | +11958% |
IMAX generated $146M in free cash flow over the past year, up 49% from the year before.
RDDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +98% |
| Q2 2026 | $260.7M | +135% |
| Q1 2026 | $311.2M | +146% |
| Q4 2025 | $263.6M | +196% |
| Q3 2025 | $183.1M | +161% |
| Q2 2025 | $110.8M | +308% |
| Q1 2025 | $126.6M | +333% |
| Q4 2024 | $89.2M | +$111.2M |
RDDT has the edge over IMAX on cash flow, with more consistent year-over-year improvement.
IMAX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +1.4M shares |
| 1 year | +4.4% | +2.4M shares |
| 3 years | +4.5% | +2.5M shares |
| 5 years | -2.3% | -1.4M shares |
| Available history | -5.7% | -3.5M shares |
IMAX has 58M diluted shares, up 4.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q3 2024 | — |
| Q2 2024 | $246,000 |
| Q1 2024 | $17.9M |
| Q3 2023 | $252,000 |
| Q2 2023 | $355,000 |
| Q1 2023 | $3.7M |
| Q4 2021 | $9.3M |
RDDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -169K shares |
| 1 year | -0.4% | -868K shares |
| 3 years | +24% | +38.5M shares |
| 5 years | +24% | +38.5M shares |
RDDT has the edge over IMAX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.4M |
| Q2 2026 | $234.6M |
| Q1 2026 | $5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.2M |
| Q4 2022 | — |
IMAX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.0x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
IMAX has more cash than debt.
RDDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -13.1x | Net Cash |
RDDT has the edge over IMAX on leverage, with a lower net debt burden relative to earnings.
IMAX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.5 | Neutral |
| Stochastic | 24.2 | Neutral |
IMAX's weekly RSI is 51 (neutral) and its Stochastic is 24 (neutral).
RDDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 6.5 | Oversold |
RDDT's weekly RSI is 35 (neutral) and its Stochastic is 6 (oversold).
IMAX PE vs Communication Services Sector
| Metric | IMAX | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 25% above |
| PE % | 5 | 26 | 21 pts below |
IMAX is trading at 21x earnings, a 25% premium to the Communication Services sector's median of 16x.
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT has the edge over IMAX on valuation relative to its sector.
IMAX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $51.2 | 6.5% below |
| 20 week MA | $49.0 | 2.2% below |
| 50 week MA | $42.2 | 13% above |
| 100 week MA | $35.0 | 37% above |
| 200 week MA | $26.6 | 80% above |
IMAX has stronger trend alignment. IMAX is above 3 of 5 weekly averages versus RDDT above 0 of 4.
RDDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.6 | 24% below |
| 20 week MA | $151.7 | 34% below |
| 50 week MA | $165.0 | 40% below |
| 100 week MA | $167.1 | 40% below |
RDDT is in a downtrend: it's below all four of its weekly moving averages, and 40% below its 100-week average.
IMAX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.8 | $17.0 | -18% |
| 2021 | $17.0 | $18.4 | +8.1% |
| 2022 | $18.4 | $14.0 | -24% |
| 2023 | $14.0 | $15.0 | +7.6% |
| 2024 | $15.0 | $25.1 | +67% |
| 2025 | $25.1 | $37.7 | +50% |
| 2026 YTD | $37.7 | $47.9 | +27% |
IMAX has the edge over RDDT on returns for 2026, with the stronger performance.
RDDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $46.0 | $173.5 | +277% |
| 2025 | $173.5 | $225.8 | +30% |
| 2026 YTD | $225.8 | $99.6 | -56% |
RDDT has finished every year since 2024 higher, and it's down 56% so far in 2026.