vs
Forestar Group Inc.（FOR）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Forestar Group Inc.的1.4倍（$372.9M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -4.6%，领先10.2%），IMMERSION CORP同比增速更快（750.4% vs 9.0%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs -9.6%）
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
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。
FOR vs IMMR — 直观对比
营收规模更大
IMMR
是对方的1.4倍
$273.0M
营收增速更快
IMMR
高出741.4%
9.0%
净利率更高
FOR
高出10.2%
-4.6%
两年增速更快
IMMR
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $372.9M |
| 净利润 | $15.4M | $-17.0M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | -2.8% |
| 净利率 | 5.6% | -4.6% |
| 营收同比 | 9.0% | 750.4% |
| 净利润同比 | -6.7% | -191.3% |
| 每股收益（稀释后） | $0.30 | $-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FORIMMR
| Q4 25 | $273.0M | — | ||
| Q3 25 | $670.5M | — | ||
| Q2 25 | $390.5M | $372.9M | ||
| Q1 25 | $351.0M | $471.3M | ||
| Q4 24 | $250.4M | $616.2M | ||
| Q3 24 | $551.3M | — | ||
| Q2 24 | $318.4M | $95.5M | ||
| Q1 24 | $333.8M | $43.8M |
净利润FORIMMR
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | — | ||
| Q2 25 | $32.9M | $-17.0M | ||
| Q1 25 | $31.6M | $24.1M | ||
| Q4 24 | $16.5M | $30.8M | ||
| Q3 24 | $81.5M | — | ||
| Q2 24 | $38.7M | $26.4M | ||
| Q1 24 | $45.0M | $18.7M |
毛利率FORIMMR
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FORIMMR
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 11.2% | -2.8% | ||
| Q1 25 | 11.6% | 7.5% | ||
| Q4 24 | 8.7% | 11.4% | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 16.2% | 23.7% | ||
| Q1 24 | 17.6% | 37.9% |
净利率FORIMMR
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 8.4% | -4.6% | ||
| Q1 25 | 9.0% | 5.1% | ||
| Q4 24 | 6.6% | 5.0% | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 12.2% | 27.7% | ||
| Q1 24 | 13.5% | 42.5% |
每股收益（稀释后）FORIMMR
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $0.65 | $-0.57 | ||
| Q1 25 | $0.62 | $0.73 | ||
| Q4 24 | $0.32 | $0.93 | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $0.76 | $0.81 | ||
| Q1 24 | $0.89 | $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 | $211.7M | $161.4M |
| 总债务越低越好 | $793.2M | $103.1M |
| 股东权益账面价值 | $1.8B | $298.1M |
| 总资产 | $3.2B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资FORIMMR
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | $161.4M | ||
| Q1 25 | $174.3M | $153.9M | ||
| Q4 24 | $132.0M | $159.3M | ||
| Q3 24 | $481.2M | — | ||
| Q2 24 | $359.2M | $133.4M | ||
| Q1 24 | $416.2M | $179.1M |
总债务FORIMMR
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | $103.1M | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
股东权益FORIMMR
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.7B | $298.1M | ||
| Q1 25 | $1.6B | $317.9M | ||
| Q4 24 | $1.6B | $305.5M | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | $273.4M | ||
| Q1 24 | $1.5B | $201.5M |
总资产FORIMMR
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.6B | $244.7M |
负债/权益比FORIMMR
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | 0.35× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.48× | — |
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 | $-157.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | — |
| 自由现金流率自由现金流/营收 | -57.5% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | -10.19× | — |
| 过去12个月自由现金流最近4个季度 | $93.0M | — |
8季度趋势，按日历期对齐
经营现金流FORIMMR
| Q4 25 | $-157.0M | — | ||
| Q3 25 | $256.3M | — | ||
| Q2 25 | $15.8M | — | ||
| Q1 25 | $-19.8M | $-43.7M | ||
| Q4 24 | $-450.0M | — | ||
| Q3 24 | $119.2M | — | ||
| Q2 24 | $-61.7M | $-85.9M | ||
| Q1 24 | $-59.2M | $29.9M |
自由现金流FORIMMR
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | $-46.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流率FORIMMR
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | -9.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
资本支出强度FORIMMR
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | 0.5% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FORIMMR
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | -1.82× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | -3.25× | ||
| Q1 24 | -1.32× | 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
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
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% |
