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Side-by-side financial comparison of IMMERSION CORP (IMMR) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $372.9M, roughly 1.9× IMMERSION CORP). On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs -17.3%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
IMMR vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $704.9M |
| Net Profit | $-17.0M | — |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 25.9% |
| Net Margin | -4.6% | — |
| Revenue YoY | 750.4% | -17.3% |
| Net Profit YoY | -191.3% | — |
| EPS (diluted) | $-0.57 | $0.94 |
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 | — | $704.9M | ||
| Q3 25 | — | $811.6M | ||
| Q2 25 | $372.9M | $792.9M | ||
| Q1 25 | $471.3M | $844.5M | ||
| Q4 24 | $616.2M | $852.0M | ||
| Q3 24 | — | $643.6M | ||
| Q2 24 | $95.5M | $634.6M | ||
| Q1 24 | $43.8M | $559.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $155.1M | ||
| Q2 25 | $-17.0M | $201.7M | ||
| Q1 25 | $24.1M | $182.3M | ||
| Q4 24 | $30.8M | — | ||
| Q3 24 | — | $240.5M | ||
| Q2 24 | $26.4M | $210.3M | ||
| Q1 24 | $18.7M | $131.2M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | -2.8% | 37.2% | ||
| Q1 25 | 7.5% | 32.7% | ||
| Q4 24 | 11.4% | 33.7% | ||
| Q3 24 | — | 51.4% | ||
| Q2 24 | 23.7% | 44.0% | ||
| Q1 24 | 37.9% | 31.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | -4.6% | 25.4% | ||
| Q1 25 | 5.1% | 21.6% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | 27.7% | 33.1% | ||
| Q1 24 | 42.5% | 23.4% |
| Q4 25 | — | $0.94 | ||
| Q3 25 | — | $1.35 | ||
| Q2 25 | $-0.57 | $1.76 | ||
| Q1 25 | $0.73 | $1.59 | ||
| Q4 24 | $0.93 | $1.63 | ||
| Q3 24 | — | $2.09 | ||
| Q2 24 | $0.81 | $1.82 | ||
| Q1 24 | $0.59 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $4.8B |
| Total Assets | $1.1B | $9.3B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $368.0M | ||
| Q3 25 | — | $162.3M | ||
| Q2 25 | $161.4M | $101.9M | ||
| Q1 25 | $153.9M | $54.0K | ||
| Q4 24 | $159.3M | — | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $133.4M | $487.9M | ||
| Q1 24 | $179.1M | $506.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $4.8B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $298.1M | $4.6B | ||
| Q1 25 | $317.9M | $4.4B | ||
| Q4 24 | $305.5M | $4.2B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | $273.4M | $3.8B | ||
| Q1 24 | $201.5M | $3.7B |
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | $9.1B | ||
| Q2 25 | $1.1B | $9.0B | ||
| Q1 25 | $1.4B | $8.8B | ||
| Q4 24 | $1.4B | $8.6B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | $1.2B | $6.7B | ||
| Q1 24 | $244.7M | $6.4B |
| 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 | — | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $451.9M | ||
| Q3 25 | — | $505.0M | ||
| Q2 25 | — | $571.1M | ||
| Q1 25 | $-43.7M | $483.0M | ||
| Q4 24 | — | $578.4M | ||
| Q3 24 | — | $452.3M | ||
| Q2 24 | $-85.9M | $476.4M | ||
| Q1 24 | $29.9M | $276.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-46.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.26× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | -1.82× | 2.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | -3.25× | 2.27× | ||
| Q1 24 | 1.60× | 2.10× |
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% |
SM
Segment breakdown not available.
