vs
Funko, Inc.（FNKO）与IMMERSION CORP（IMMR）财务数据对比。点击上方公司名可切换其他公司
IMMERSION CORP的季度营收约是Funko, Inc.的1.4倍（$372.9M vs $273.1M），Funko, Inc.净利率更高（-0.1% vs -4.6%，领先4.5%），IMMERSION CORP同比增速更快（750.4% vs -7.0%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 12.5%）
Funko是一家美国知名流行文化周边收藏品牌，主打获得IP授权的限量收藏商品，以 vinyl 搪胶收藏人偶和摇头公仔闻名，同时也生产授权毛绒玩具、可动玩偶、服饰、配件及周边桌游。该品牌由迈克·贝克尔与克劳迪娅·贝克尔于1998年创立，最初只是主打复古怀旧风的小型手工玩具项目。
Immersion Corporation总部位于佛罗里达州阿文图拉，主要研发并授权触觉反馈技术（即触感技术）。公司由路易斯·罗森伯格于1993年创立，目前由律师弗朗西斯·何塞掌管，他同时担任首席执行官与总法律顾问一职。
FNKO vs IMMR — 直观对比
营收规模更大
IMMR
是对方的1.4倍
$273.1M
营收增速更快
IMMR
高出757.4%
-7.0%
净利率更高
FNKO
高出4.5%
-4.6%
两年增速更快
IMMR
近两年复合增速
12.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.1M | $372.9M |
| 净利润 | $-183.0K | $-17.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.2% | -2.8% |
| 净利率 | -0.1% | -4.6% |
| 营收同比 | -7.0% | 750.4% |
| 净利润同比 | 87.8% | -191.3% |
| 每股收益（稀释后） | $0.00 | $-0.57 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FNKOIMMR
| Q4 25 | $273.1M | — | ||
| Q3 25 | $250.9M | — | ||
| Q2 25 | $193.5M | $372.9M | ||
| Q1 25 | $190.7M | $471.3M | ||
| Q4 24 | $293.7M | $616.2M | ||
| Q3 24 | $292.8M | — | ||
| Q2 24 | $247.7M | $95.5M | ||
| Q1 24 | $215.7M | $43.8M |
净利润FNKOIMMR
| Q4 25 | $-183.0K | — | ||
| Q3 25 | $901.0K | — | ||
| Q2 25 | $-40.5M | $-17.0M | ||
| Q1 25 | $-27.6M | $24.1M | ||
| Q4 24 | $-1.5M | $30.8M | ||
| Q3 24 | $4.3M | — | ||
| Q2 24 | $5.1M | $26.4M | ||
| Q1 24 | $-22.7M | $18.7M |
毛利率FNKOIMMR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 40.9% | — | ||
| Q2 24 | 42.0% | — | ||
| Q1 24 | 40.0% | — |
营业利润率FNKOIMMR
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | -18.0% | -2.8% | ||
| Q1 25 | -12.2% | 7.5% | ||
| Q4 24 | 1.8% | 11.4% | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 4.3% | 23.7% | ||
| Q1 24 | -6.9% | 37.9% |
净利率FNKOIMMR
| Q4 25 | -0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | -20.9% | -4.6% | ||
| Q1 25 | -14.5% | 5.1% | ||
| Q4 24 | -0.5% | 5.0% | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.1% | 27.7% | ||
| Q1 24 | -10.5% | 42.5% |
每股收益（稀释后）FNKOIMMR
| Q4 25 | $0.00 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $-0.74 | $-0.57 | ||
| Q1 25 | $-0.52 | $0.73 | ||
| Q4 24 | $-0.01 | $0.93 | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.10 | $0.81 | ||
| Q1 24 | $-0.45 | $0.59 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $42.1M | $161.4M |
| 总债务越低越好 | $100.3M | $103.1M |
| 股东权益账面价值 | $185.8M | $298.1M |
| 总资产 | $685.2M | $1.1B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资FNKOIMMR
| Q4 25 | $42.1M | — | ||
| Q3 25 | $39.2M | — | ||
| Q2 25 | $49.2M | $161.4M | ||
| Q1 25 | $25.9M | $153.9M | ||
| Q4 24 | $34.7M | $159.3M | ||
| Q3 24 | $28.5M | — | ||
| Q2 24 | $41.6M | $133.4M | ||
| Q1 24 | $26.1M | $179.1M |
总债务FNKOIMMR
| Q4 25 | $100.3M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $111.6M | $103.1M | ||
| Q1 25 | $117.2M | — | ||
| Q4 24 | $122.8M | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $133.9M | — | ||
| Q1 24 | $139.4M | — |
股东权益FNKOIMMR
| Q4 25 | $185.8M | — | ||
| Q3 25 | $182.7M | — | ||
| Q2 25 | $181.2M | $298.1M | ||
| Q1 25 | $212.8M | $317.9M | ||
| Q4 24 | $233.0M | $305.5M | ||
| Q3 24 | $236.5M | — | ||
| Q2 24 | $223.5M | $273.4M | ||
| Q1 24 | $212.5M | $201.5M |
总资产FNKOIMMR
| Q4 25 | $685.2M | — | ||
| Q3 25 | $699.3M | — | ||
| Q2 25 | $694.9M | $1.1B | ||
| Q1 25 | $648.4M | $1.4B | ||
| Q4 24 | $707.3M | $1.4B | ||
| Q3 24 | $783.6M | — | ||
| Q2 24 | $737.8M | $1.2B | ||
| Q1 24 | $725.5M | $244.7M |
负债/权益比FNKOIMMR
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.62× | 0.35× | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.66× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $28.1M | — |
| 自由现金流经营现金流 - 资本支出 | $19.2M | — |
| 自由现金流率自由现金流/营收 | 7.0% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-38.1M | — |
8季度趋势，按日历期对齐
经营现金流FNKOIMMR
| Q4 25 | $28.1M | — | ||
| Q3 25 | $11.2M | — | ||
| Q2 25 | $-22.2M | — | ||
| Q1 25 | $-22.3M | $-43.7M | ||
| Q4 24 | $59.8M | — | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $45.9M | $-85.9M | ||
| Q1 24 | $14.5M | $29.9M |
自由现金流FNKOIMMR
| Q4 25 | $19.2M | — | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $-31.8M | — | ||
| Q1 25 | $-28.8M | $-46.2M | ||
| Q4 24 | $47.8M | — | ||
| Q3 24 | $-4.2M | — | ||
| Q2 24 | $36.8M | — | ||
| Q1 24 | $10.3M | — |
自由现金流率FNKOIMMR
| Q4 25 | 7.0% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | -16.5% | — | ||
| Q1 25 | -15.1% | -9.8% | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | -1.4% | — | ||
| Q2 24 | 14.9% | — | ||
| Q1 24 | 4.8% | — |
资本支出强度FNKOIMMR
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 3.4% | 0.5% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 1.9% | — |
现金转化率FNKOIMMR
| Q4 25 | — | — | ||
| Q3 25 | 12.47× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -1.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 8.97× | -3.25× | ||
| Q1 24 | — | 1.60× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FNKO
| Core Collectibles | $221.0M | 81% |
| Loungefly LLC | $43.1M | 16% |
| Other Products Excluding Core Collectibles And Loungefly Brands | $9.0M | 3% |
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% |
