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Side-by-side financial comparison of AVISTA CORP (AVA) and IMMERSION CORP (IMMR). Click either name above to swap in a different company.

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $372.9M, roughly 1.4× IMMERSION CORP). AVISTA CORP runs the higher net margin — 13.3% vs -4.6%, a 17.9% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 0.0%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs -6.5%).

Avista Corporation is an American energy company which generates and transmits electricity and distributes natural gas to residential, commercial, and industrial customers. Approximately 1,550 employees provide electricity, natural gas, and other energy services to 359,000 electric and 320,000 natural gas customers in three western states. The service territory covers 30,000 square miles (78,000 km2) in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, with a popul...

Immersion Corporation is an Aventura, Florida based developer and licensor of touch feedback technology, also known as haptic technology. Immersion Corporation has been accused of being a patent troll. Founded in 1993 by Louis Rosenberg, it is currently headed by lawyer Francis Jose, who serves as both chief executive officer and general counsel.

AVA vs IMMR — Head-to-Head

Bigger by revenue
AVA
AVA
1.4× larger
AVA
$533.0M
$372.9M
IMMR
Growing faster (revenue YoY)
IMMR
IMMR
+750.4% gap
IMMR
750.4%
0.0%
AVA
Higher net margin
AVA
AVA
17.9% more per $
AVA
13.3%
-4.6%
IMMR
Faster 2-yr revenue CAGR
IMMR
IMMR
Annualised
IMMR
537.9%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVA
AVA
IMMR
IMMR
Revenue
$533.0M
$372.9M
Net Profit
$71.0M
$-17.0M
Gross Margin
Operating Margin
21.0%
-2.8%
Net Margin
13.3%
-4.6%
Revenue YoY
0.0%
750.4%
Net Profit YoY
5.7%
-191.3%
EPS (diluted)
$0.87
$-0.57

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVA
AVA
IMMR
IMMR
Q4 25
$533.0M
Q3 25
$403.0M
Q2 25
$411.0M
$372.9M
Q1 25
$617.0M
$471.3M
Q4 24
$532.8M
$616.2M
Q3 24
$393.7M
Q2 24
$402.1M
$95.5M
Q1 24
$609.4M
$43.8M
Net Profit
AVA
AVA
IMMR
IMMR
Q4 25
$71.0M
Q3 25
$29.0M
Q2 25
$14.0M
$-17.0M
Q1 25
$79.0M
$24.1M
Q4 24
$67.2M
$30.8M
Q3 24
$18.5M
Q2 24
$22.9M
$26.4M
Q1 24
$71.5M
$18.7M
Operating Margin
AVA
AVA
IMMR
IMMR
Q4 25
21.0%
Q3 25
14.9%
Q2 25
13.9%
-2.8%
Q1 25
20.3%
7.5%
Q4 24
19.1%
11.4%
Q3 24
12.4%
Q2 24
13.5%
23.7%
Q1 24
16.6%
37.9%
Net Margin
AVA
AVA
IMMR
IMMR
Q4 25
13.3%
Q3 25
7.2%
Q2 25
3.4%
-4.6%
Q1 25
12.8%
5.1%
Q4 24
12.6%
5.0%
Q3 24
4.7%
Q2 24
5.7%
27.7%
Q1 24
11.7%
42.5%
EPS (diluted)
AVA
AVA
IMMR
IMMR
Q4 25
$0.87
Q3 25
$0.36
Q2 25
$0.17
$-0.57
Q1 25
$0.98
$0.73
Q4 24
$0.86
$0.93
Q3 24
$0.23
Q2 24
$0.29
$0.81
Q1 24
$0.91
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVA
AVA
IMMR
IMMR
Cash + ST InvestmentsLiquidity on hand
$19.0M
$161.4M
Total DebtLower is stronger
$103.1M
Stockholders' EquityBook value
$2.7B
$298.1M
Total Assets
$8.4B
$1.1B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
IMMR
IMMR
Q4 25
$19.0M
Q3 25
$44.0M
Q2 25
$9.0M
$161.4M
Q1 25
$17.0M
$153.9M
Q4 24
$30.0M
$159.3M
Q3 24
$9.1M
Q2 24
$14.6M
$133.4M
Q1 24
$12.3M
$179.1M
Total Debt
AVA
AVA
IMMR
IMMR
Q4 25
Q3 25
Q2 25
$103.1M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AVA
AVA
IMMR
IMMR
Q4 25
$2.7B
Q3 25
$2.6B
Q2 25
$2.6B
$298.1M
Q1 25
$2.6B
$317.9M
Q4 24
$2.6B
$305.5M
Q3 24
$2.5B
Q2 24
$2.5B
$273.4M
Q1 24
$2.5B
$201.5M
Total Assets
AVA
AVA
IMMR
IMMR
Q4 25
$8.4B
Q3 25
$8.2B
Q2 25
$8.1B
$1.1B
Q1 25
$8.0B
$1.4B
Q4 24
$7.9B
$1.4B
Q3 24
$7.8B
Q2 24
$7.7B
$1.2B
Q1 24
$7.6B
$244.7M
Debt / Equity
AVA
AVA
IMMR
IMMR
Q4 25
Q3 25
Q2 25
0.35×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVA
AVA
IMMR
IMMR
Operating Cash FlowLast quarter
$75.0M
Free Cash FlowOCF − Capex
$-116.0M
FCF MarginFCF / Revenue
-21.8%
Capex IntensityCapex / Revenue
35.8%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
IMMR
IMMR
Q4 25
$75.0M
Q3 25
$170.0M
Q2 25
$40.0M
Q1 25
$184.0M
$-43.7M
Q4 24
$89.8M
Q3 24
$127.2M
Q2 24
$126.8M
$-85.9M
Q1 24
$190.1M
$29.9M
Free Cash Flow
AVA
AVA
IMMR
IMMR
Q4 25
$-116.0M
Q3 25
$37.0M
Q2 25
$-103.0M
Q1 25
$81.0M
$-46.2M
Q4 24
$-37.8M
Q3 24
$-27.0M
Q2 24
$-5.7M
Q1 24
$71.4M
FCF Margin
AVA
AVA
IMMR
IMMR
Q4 25
-21.8%
Q3 25
9.2%
Q2 25
-25.1%
Q1 25
13.1%
-9.8%
Q4 24
-7.1%
Q3 24
-6.9%
Q2 24
-1.4%
Q1 24
11.7%
Capex Intensity
AVA
AVA
IMMR
IMMR
Q4 25
35.8%
Q3 25
33.0%
Q2 25
34.8%
Q1 25
16.7%
0.5%
Q4 24
23.9%
Q3 24
39.2%
Q2 24
33.0%
Q1 24
19.5%
Cash Conversion
AVA
AVA
IMMR
IMMR
Q4 25
1.06×
Q3 25
5.86×
Q2 25
2.86×
Q1 25
2.33×
-1.82×
Q4 24
1.34×
Q3 24
6.88×
Q2 24
5.55×
-3.25×
Q1 24
2.66×
1.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVA
AVA

Segment breakdown not available.

IMMR
IMMR

Course Material Sale$150.9M40%
General Merchandise Sale$138.0M37%
Rental Services$51.8M14%
Services And Other Revenue$25.6M7%
Per Unit Royalties$1.8M0%

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