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Side-by-side financial comparison of IMMERSION CORP (IMMR) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
LOGITECH INTERNATIONAL S.A. is the larger business by last-quarter revenue ($1.4B vs $372.9M, roughly 3.8× IMMERSION CORP). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs -4.6%, a 22.2% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 6.1%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (416.0% CAGR vs 18.5%).
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.
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
IMMR vs LOGI — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $1.4B |
| Net Profit | $-17.0M | $251.0M |
| Gross Margin | — | 43.2% |
| Operating Margin | -2.8% | 20.1% |
| Net Margin | -4.6% | 17.7% |
| Revenue YoY | 750.4% | 6.1% |
| Net Profit YoY | -191.3% | 25.4% |
| EPS (diluted) | $-0.57 | $1.69 |
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 | — | $1.4B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $372.9M | $1.1B | ||
| Q1 25 | $471.3M | $1.0B | ||
| Q4 24 | $616.2M | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $95.5M | $1.1B | ||
| Q1 24 | — | $1.0B |
| Q4 25 | — | $251.0M | ||
| Q3 25 | — | $170.7M | ||
| Q2 25 | $-17.0M | $146.0M | ||
| Q1 25 | $24.1M | $144.1M | ||
| Q4 24 | $30.8M | $200.1M | ||
| Q3 24 | — | $145.5M | ||
| Q2 24 | $26.4M | $141.8M | ||
| Q1 24 | — | $167.6M |
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | -2.8% | 14.1% | ||
| Q1 25 | 7.5% | 10.5% | ||
| Q4 24 | 11.4% | 17.5% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | 23.7% | 14.1% | ||
| Q1 24 | — | 12.9% |
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | -4.6% | 12.7% | ||
| Q1 25 | 5.1% | 14.3% | ||
| Q4 24 | 5.0% | 14.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | 27.7% | 13.0% | ||
| Q1 24 | — | 16.6% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | — | $1.15 | ||
| Q2 25 | $-0.57 | $0.98 | ||
| Q1 25 | $0.73 | $0.94 | ||
| Q4 24 | $0.93 | $1.32 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | $0.81 | $0.92 | ||
| Q1 24 | — | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $161.4M | $1.8B |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $2.3B |
| Total Assets | $1.1B | $4.1B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $161.4M | $1.5B | ||
| Q1 25 | $153.9M | $1.5B | ||
| Q4 24 | $159.3M | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $133.4M | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $298.1M | $2.2B | ||
| Q1 25 | $317.9M | $2.1B | ||
| Q4 24 | $305.5M | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $273.4M | $2.2B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $1.2B | $3.7B | ||
| Q1 24 | — | $3.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $480.5M |
| Free Cash FlowOCF − Capex | — | $465.6M |
| FCF MarginFCF / Revenue | — | 32.8% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $480.5M | ||
| Q3 25 | — | $228.8M | ||
| Q2 25 | — | $125.0M | ||
| Q1 25 | $-43.7M | $129.7M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | — | $166.0M | ||
| Q2 24 | $-85.9M | $176.0M | ||
| Q1 24 | — | $239.1M |
| Q4 25 | — | $465.6M | ||
| Q3 25 | — | $212.3M | ||
| Q2 25 | — | $108.8M | ||
| Q1 25 | $-46.2M | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | — | $151.5M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $228.8M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | -9.8% | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | 0.5% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | -1.82× | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | -3.25× | 1.24× | ||
| Q1 24 | — | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
