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Side-by-side financial comparison of BELDEN INC. (BDC) and IMMERSION CORP (IMMR). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $372.9M, roughly 1.9× IMMERSION CORP). BELDEN INC. runs the higher net margin — 7.3% vs -4.6%, a 11.9% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 11.4%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 7.3%).
Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.
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.
BDC vs IMMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $372.9M |
| Net Profit | $51.0M | $-17.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | -2.8% |
| Net Margin | 7.3% | -4.6% |
| Revenue YoY | 11.4% | 750.4% |
| Net Profit YoY | -1.8% | -191.3% |
| EPS (diluted) | $1.30 | $-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.
| Q1 26 | $696.4M | — | ||
| Q4 25 | $720.1M | — | ||
| Q3 25 | $698.2M | — | ||
| Q2 25 | $672.0M | $372.9M | ||
| Q1 25 | $624.9M | $471.3M | ||
| Q4 24 | $666.0M | $616.2M | ||
| Q3 24 | $654.9M | — | ||
| Q2 24 | $604.3M | $95.5M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | — | ||
| Q3 25 | $56.7M | — | ||
| Q2 25 | $61.0M | $-17.0M | ||
| Q1 25 | $51.9M | $24.1M | ||
| Q4 24 | $58.4M | $30.8M | ||
| Q3 24 | $53.7M | — | ||
| Q2 24 | $49.0M | $26.4M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 37.5% | — |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 11.8% | -2.8% | ||
| Q1 25 | 11.6% | 7.5% | ||
| Q4 24 | 10.4% | 11.4% | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 11.4% | 23.7% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 9.1% | -4.6% | ||
| Q1 25 | 8.3% | 5.1% | ||
| Q4 24 | 8.8% | 5.0% | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 8.1% | 27.7% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | — | ||
| Q3 25 | $1.41 | — | ||
| Q2 25 | $1.53 | $-0.57 | ||
| Q1 25 | $1.27 | $0.73 | ||
| Q4 24 | $1.41 | $0.93 | ||
| Q3 24 | $1.30 | — | ||
| Q2 24 | $1.19 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $272.2M | $161.4M |
| Total DebtLower is stronger | $1.3B | $103.1M |
| Stockholders' EquityBook value | $1.3B | $298.1M |
| Total Assets | — | $1.1B |
| Debt / EquityLower = less leverage | 0.98× | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | — | ||
| Q2 25 | $301.5M | $161.4M | ||
| Q1 25 | $259.0M | $153.9M | ||
| Q4 24 | $370.3M | $159.3M | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | $133.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $298.1M | ||
| Q1 25 | $1.2B | $317.9M | ||
| Q4 24 | $1.3B | $305.5M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | $273.4M |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | $1.1B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.5B | $1.2B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | — | ||
| Q3 25 | $105.0M | — | ||
| Q2 25 | $82.0M | — | ||
| Q1 25 | $7.4M | $-43.7M | ||
| Q4 24 | $174.7M | — | ||
| Q3 24 | $91.7M | — | ||
| Q2 24 | $83.0M | $-85.9M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | — | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $-24.8M | $-46.2M | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $61.0M | — |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | -4.0% | -9.8% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | — |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 5.2% | 0.5% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | -1.82× | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | -3.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
IMMR
| Course Material Sale | $150.9M | 40% |
| General Merchandise Sale | $138.0M | 37% |
| Rental Services | $51.8M | 14% |
| Services And Other Revenue | $25.6M | 7% |
| Per Unit Royalties | $1.8M | 0% |
