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Side-by-side financial comparison of IMMERSION CORP (IMMR) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $372.9M, roughly 1.7× IMMERSION CORP). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs -4.6%, a 18.0% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 15.7%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 4.6%).
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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
IMMR vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $625.1M |
| Net Profit | $-17.0M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | -2.8% | 18.2% |
| Net Margin | -4.6% | 13.4% |
| Revenue YoY | 750.4% | 15.7% |
| Net Profit YoY | -191.3% | 24.0% |
| EPS (diluted) | $-0.57 | $2.50 |
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 | — | $625.1M | ||
| Q3 25 | — | $611.7M | ||
| Q2 25 | $372.9M | $643.7M | ||
| Q1 25 | $471.3M | $558.0M | ||
| Q4 24 | $616.2M | $540.4M | ||
| Q3 24 | — | $543.6M | ||
| Q2 24 | $95.5M | $597.3M | ||
| Q1 24 | $43.8M | $570.9M |
| Q4 25 | — | $83.7M | ||
| Q3 25 | — | $82.2M | ||
| Q2 25 | $-17.0M | $100.9M | ||
| Q1 25 | $24.1M | $74.0M | ||
| Q4 24 | $30.8M | $67.5M | ||
| Q3 24 | — | $69.1M | ||
| Q2 24 | $26.4M | $82.0M | ||
| Q1 24 | $18.7M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 18.2% | ||
| Q2 25 | -2.8% | 21.0% | ||
| Q1 25 | 7.5% | 15.7% | ||
| Q4 24 | 11.4% | 16.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | 23.7% | 18.7% | ||
| Q1 24 | 37.9% | 16.9% |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | -4.6% | 15.7% | ||
| Q1 25 | 5.1% | 13.3% | ||
| Q4 24 | 5.0% | 12.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | 27.7% | 13.7% | ||
| Q1 24 | 42.5% | 12.7% |
| Q4 25 | — | $2.50 | ||
| Q3 25 | — | $2.45 | ||
| Q2 25 | $-0.57 | $3.01 | ||
| Q1 25 | $0.73 | $2.21 | ||
| Q4 24 | $0.93 | $2.02 | ||
| Q3 24 | — | $2.06 | ||
| Q2 24 | $0.81 | $2.44 | ||
| Q1 24 | $0.59 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $2.0B |
| Total Assets | $1.1B | $2.9B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $405.5M | ||
| Q3 25 | — | $457.7M | ||
| Q2 25 | $161.4M | $369.3M | ||
| Q1 25 | $153.9M | $336.8M | ||
| Q4 24 | $159.3M | $386.9M | ||
| Q3 24 | — | $303.9M | ||
| Q2 24 | $133.4M | $279.4M | ||
| Q1 24 | $179.1M | $237.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $298.1M | $1.9B | ||
| Q1 25 | $317.9M | $1.8B | ||
| Q4 24 | $305.5M | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $273.4M | $1.6B | ||
| Q1 24 | $201.5M | $1.6B |
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $244.7M | $2.3B |
| 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 | — | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $154.7M | ||
| Q3 25 | — | $122.4M | ||
| Q2 25 | — | $69.7M | ||
| Q1 25 | $-43.7M | $55.2M | ||
| Q4 24 | — | $139.5M | ||
| Q3 24 | — | $90.7M | ||
| Q2 24 | $-85.9M | $85.3M | ||
| Q1 24 | $29.9M | $45.6M |
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | $-46.2M | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $35.5M |
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | -9.8% | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 1.85× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | -1.82× | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | -3.25× | 1.04× | ||
| Q1 24 | 1.60× | 0.63× |
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% |
WTS
Segment breakdown not available.
