IMXCF (IMAX China Holding) Operating Income: $46.8 Mil (TTM As of Dec. 2025)

What is IMAX China Holding Operating Income?

IMAX China Holding IMXCF 75 Operating Income is $46.8 Mil as of Dec. 2025. GuruFocus rates IMXCF with a GF Score™ of 75/100 and a GF Value™ of $1.20. The stock has 1 warning sign investors should review.

IMAX China Holding's Operating Income for the six months ended in Dec. 2025 was $16.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $46.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. IMAX China Holding's Operating Income for the six months ended in Dec. 2025 was $16.4 Mil. IMAX China Holding's Revenue for the six months ended in Dec. 2025 was $44.5 Mil. Therefore, IMAX China Holding's Operating Margin % for the quarter that ended in Dec. 2025 was 36.74%.

Good Sign:

IMAX China Holding Inc operating margin is expanding. Margin expansion is usually a good sign.

IMAX China Holding's 5-Year average Growth Rate for Operating Margin % was 57.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IMAX China Holding's annualized ROC % for the quarter that ended in Dec. 2025 was 10.54%. IMAX China Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 23.12%.

IMAX China Holding (OTCPK:IMXCF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

IMAX China Holding's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	32.728 * ( 1 - 23.5% )	/	( (245.834	+	229.303)	/ 2 )
=	25.03692	/	237.5685
=	10.54 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	358.266	-	18.26	-	( 94.172	-	max(0, 34.839	-	226.116	+	94.172	))
=	245.834

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	377.894	-	18.73	-	( 129.861	-	max(0, 39.28	-	251.127	+	129.861	))
=	229.303

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

IMAX China Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	36.096	/	( ( (68.796 + max(96.026, 0))	+	(66.357 + max(81.018, 0)) )	/	2 )
=	36.096	/	( ( 164.822	+	147.375 )	/	2 )
=	36.096	/	156.0985
=	23.12 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(91.295	+	4.358	+	34.795)	-	(18.26	+	0	+	16.162)
=	96.026

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79.62	+	5.989	+	34.253)	-	(18.73	+	0	+	20.114)
=	81.018

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

IMAX China Holding's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	16.364	/	44.541
	=	36.74 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

IMAX China Holding Operating Income Related Terms

IMAX China Holding Operating Income Historical Data

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The historical data trend for IMAX China Holding's Operating Income can be seen below:

IMAX China Holding Operating Income Chart

IMAX China Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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44.00

20.83

32.88

27.95

46.78

IMAX China Holding Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial															15.18	16.28	11.68	30.42	16.36

75GF Score

IMAX China Holding Inc IMXCF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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IMAX China Holding Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $46.8 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $46.8 Mil mean?

IMAX China Holding (IMXCF) has a Operating Income of $46.8 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on IMAX China Holding and its competitors.

Is IMAX China Holding's Operating Income too high?

IMAX China Holding's current Operating Income is $46.8 Mil. Overall, IMAX China Holding has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.

How does IMAX China Holding's Operating Income compare to NFLX and DIS?

IMAX China Holding's Operating Income of $46.8 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Media - Diversified company?

A good Operating Income depends on the Media - Diversified industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on IMAX China Holding and its competitors. IMAX China Holding's current Operating Income is $46.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is IMAX China Holding stock overvalued right now?

IMAX China Holding (IMXCF) has a current Operating Income of $46.8 Mil. The stock's GF Value™ is $1.20, compared to a current price of $1.05 — trading 12.7% below its estimated fair value. The current Operating Income is $46.8 Mil. IMAX China Holding's overall GF Score™ is 75/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For IMAX China Holding (IMXCF), the current Operating Income is $46.8 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IMAX China Holding (IMXCF) Overvalued in 2026?

Based on GuruFocus' analysis, IMAX China Holding stock appears to be undervalued. The current stock price of $1.05 is trading 12.7% below its estimated GF Value™ of $1.20.

Key valuation signals for IMXCF:

Operating Income: $46.8 Mil
GF Value™: $1.20 vs. price of $1.05 (12.7% below fair value)
GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the IMXCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IMAX China Holding Business Description

Industry Communication Services Media - Diversified

Comparable Companies HKSE:02309 HKSE:00547 HKSE:02306 HKSE:01003 HKSE:08220 HKSE:09857 HKSE:00391 HKSE:02230 HKSE:01661 HKSE:01159 NFLX DIS WBD LYV XAMS:UMG FWONA FOXA ROKU TKO NWSA

Other Exchanges 01970:Hong Kong IMK:Germany

Address Unit 1201-1208, No. 168 Hubin Road, Infinitus Tower, 12th Floor, Huangpu District, Shanghai, CHN

Website https://www.imax.cn

IMAX China Holding Inc is an investment holding company that operates in the Entertainment industry in China. The Group has two reportable segments: Content Solutions, which principally includes content enhancement and distribution, and Technology Products and Services, which principally includes the sales, lease, and maintenance of IMAX Systems. The Group's activities that do not meet the criteria for a reportable segment are reported within all Others. The company operates in Mainland China, Hong Kong, Taiwan, and Macau, with the majority of revenue from Mainland China.

75GF Score

Get the complete analysis for IMXCF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.05

Price

$1.20

GF Value

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