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Side-by-side financial comparison of IMMERSION CORP (IMMR) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $372.9M, roughly 1.0× IMMERSION CORP). Bristow Group Inc. runs the higher net margin — 4.9% vs -4.6%, a 9.4% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 6.7%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 5.8%).
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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
IMMR vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $377.3M |
| Net Profit | $-17.0M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 8.5% |
| Net Margin | -4.6% | 4.9% |
| Revenue YoY | 750.4% | 6.7% |
| Net Profit YoY | -191.3% | -42.1% |
| EPS (diluted) | $-0.57 | $0.61 |
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 | — | $377.3M | ||
| Q3 25 | — | $386.3M | ||
| Q2 25 | $372.9M | $376.4M | ||
| Q1 25 | $471.3M | $350.5M | ||
| Q4 24 | $616.2M | $353.5M | ||
| Q3 24 | — | $365.1M | ||
| Q2 24 | $95.5M | $359.7M | ||
| Q1 24 | $43.8M | $337.1M |
| Q4 25 | — | $18.4M | ||
| Q3 25 | — | $51.5M | ||
| Q2 25 | $-17.0M | $31.7M | ||
| Q1 25 | $24.1M | $27.4M | ||
| Q4 24 | $30.8M | $31.8M | ||
| Q3 24 | — | $28.2M | ||
| Q2 24 | $26.4M | $28.2M | ||
| Q1 24 | $18.7M | $6.6M |
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | -2.8% | 11.3% | ||
| Q1 25 | 7.5% | 9.6% | ||
| Q4 24 | 11.4% | 9.0% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | 23.7% | 12.4% | ||
| Q1 24 | 37.9% | 6.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | -4.6% | 8.4% | ||
| Q1 25 | 5.1% | 7.8% | ||
| Q4 24 | 5.0% | 9.0% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | 27.7% | 7.8% | ||
| Q1 24 | 42.5% | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | — | $1.72 | ||
| Q2 25 | $-0.57 | $1.07 | ||
| Q1 25 | $0.73 | $0.92 | ||
| Q4 24 | $0.93 | $1.07 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | $0.81 | $0.96 | ||
| Q1 24 | $0.59 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | $103.1M | $671.5M |
| Stockholders' EquityBook value | $298.1M | $1.1B |
| Total Assets | $1.1B | $2.3B |
| Debt / EquityLower = less leverage | 0.35× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $286.2M | ||
| Q3 25 | — | $245.5M | ||
| Q2 25 | $161.4M | $251.8M | ||
| Q1 25 | $153.9M | $191.1M | ||
| Q4 24 | $159.3M | $247.5M | ||
| Q3 24 | — | $200.3M | ||
| Q2 24 | $133.4M | $178.6M | ||
| Q1 24 | $179.1M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | $103.1M | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $298.1M | $984.4M | ||
| Q1 25 | $317.9M | $931.7M | ||
| Q4 24 | $305.5M | $891.7M | ||
| Q3 24 | — | $899.2M | ||
| Q2 24 | $273.4M | $849.1M | ||
| Q1 24 | $201.5M | $820.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $244.7M | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | 0.35× | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | — | $76.9M |
| Free Cash FlowOCF − Capex | — | $47.8M |
| FCF MarginFCF / Revenue | — | 12.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $76.9M | ||
| Q3 25 | — | $23.1M | ||
| Q2 25 | — | $99.0M | ||
| Q1 25 | $-43.7M | $-603.0K | ||
| Q4 24 | — | $51.1M | ||
| Q3 24 | — | $66.0M | ||
| Q2 24 | $-85.9M | $33.7M | ||
| Q1 24 | $29.9M | $26.7M |
| Q4 25 | — | $47.8M | ||
| Q3 25 | — | $-6.2M | ||
| Q2 25 | — | $67.4M | ||
| Q1 25 | $-46.2M | $-52.7M | ||
| Q4 24 | — | $-32.4M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $-16.7M | ||
| Q1 24 | — | $-37.9M |
| Q4 25 | — | 12.7% | ||
| Q3 25 | — | -1.6% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | -9.8% | -15.0% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -11.2% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | 0.5% | 14.9% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 3.12× | ||
| Q1 25 | -1.82× | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | -3.25× | 1.20× | ||
| Q1 24 | 1.60× | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
