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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and IMMERSION CORP (IMMR). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $233.0M, roughly 1.6× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -4.6%, a 9.0% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 20.3%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 5.1%).
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.
CSW vs IMMR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $372.9M |
| Net Profit | $10.3M | $-17.0M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | -2.8% |
| Net Margin | 4.4% | -4.6% |
| Revenue YoY | 20.3% | 750.4% |
| Net Profit YoY | -61.9% | -191.3% |
| EPS (diluted) | $0.62 | $-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.
| Q4 25 | $233.0M | — | ||
| Q3 25 | $277.0M | — | ||
| Q2 25 | $263.6M | $372.9M | ||
| Q1 25 | $230.5M | $471.3M | ||
| Q4 24 | $193.6M | $616.2M | ||
| Q3 24 | $227.9M | — | ||
| Q2 24 | $226.2M | $95.5M | ||
| Q1 24 | $210.9M | $43.8M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | — | ||
| Q2 25 | $40.9M | $-17.0M | ||
| Q1 25 | $35.1M | $24.1M | ||
| Q4 24 | $26.9M | $30.8M | ||
| Q3 24 | $36.1M | — | ||
| Q2 24 | $38.6M | $26.4M | ||
| Q1 24 | $31.8M | $18.7M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 20.8% | -2.8% | ||
| Q1 25 | 19.5% | 7.5% | ||
| Q4 24 | 15.3% | 11.4% | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 24.3% | 23.7% | ||
| Q1 24 | 21.0% | 37.9% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 15.5% | -4.6% | ||
| Q1 25 | 15.2% | 5.1% | ||
| Q4 24 | 13.9% | 5.0% | ||
| Q3 24 | 15.8% | — | ||
| Q2 24 | 17.1% | 27.7% | ||
| Q1 24 | 15.1% | 42.5% |
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | — | ||
| Q2 25 | $2.43 | $-0.57 | ||
| Q1 25 | $2.05 | $0.73 | ||
| Q4 24 | $1.60 | $0.93 | ||
| Q3 24 | $2.26 | — | ||
| Q2 24 | $2.47 | $0.81 | ||
| Q1 24 | $2.03 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $161.4M |
| Total DebtLower is stronger | — | $103.1M |
| Stockholders' EquityBook value | $1.1B | $298.1M |
| Total Assets | $2.3B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | — | ||
| Q2 25 | $38.0M | $161.4M | ||
| Q1 25 | $225.8M | $153.9M | ||
| Q4 24 | $213.8M | $159.3M | ||
| Q3 24 | $273.2M | — | ||
| Q2 24 | $18.9M | $133.4M | ||
| Q1 24 | $22.2M | $179.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | $298.1M | ||
| Q1 25 | $1.1B | $317.9M | ||
| Q4 24 | $1.0B | $305.5M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $650.2M | $273.4M | ||
| Q1 24 | $615.7M | $201.5M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $244.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | — |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | — | ||
| Q2 25 | $60.6M | — | ||
| Q1 25 | $27.3M | $-43.7M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | — | ||
| Q2 24 | $62.7M | $-85.9M | ||
| Q1 24 | $22.4M | $29.9M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | — | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $22.8M | $-46.2M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | — |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 9.9% | -9.8% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.3% | — |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | -1.82× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | -3.25× | ||
| Q1 24 | 0.71× | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
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% |
