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IMMERSION CORP（IMMR）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是IMMERSION CORP的3.8倍（$1.4B vs $372.9M）。罗技净利率更高（17.7% vs -4.6%，领先22.2%）。IMMERSION CORP同比增速更快（750.4% vs 6.1%）。过去两年IMMERSION CORP的营收复合增速更高（416.0% vs 18.5%）
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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
IMMR vs LOGI — 直观对比
营收规模更大
LOGI
是对方的3.8倍
$372.9M
营收增速更快
IMMR
高出744.4%
6.1%
净利率更高
LOGI
高出22.2%
-4.6%
两年增速更快
IMMR
近两年复合增速
18.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $1.4B |
| 净利润 | $-17.0M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | -2.8% | 20.1% |
| 净利率 | -4.6% | 17.7% |
| 营收同比 | 750.4% | 6.1% |
| 净利润同比 | -191.3% | 25.4% |
| 每股收益（稀释后） | $-0.57 | $1.69 |
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IMMRLOGI
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $372.9M | $1.1B | ||
| Q1 25 | $471.3M | $1.0B | ||
| Q4 24 | $616.2M | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $95.5M | $1.1B | ||
| Q1 24 | — | $1.0B |
净利润IMMRLOGI
| Q4 25 | — | $251.0M | ||
| Q3 25 | — | $170.7M | ||
| Q2 25 | $-17.0M | $146.0M | ||
| Q1 25 | $24.1M | $144.1M | ||
| Q4 24 | $30.8M | $200.1M | ||
| Q3 24 | — | $145.5M | ||
| Q2 24 | $26.4M | $141.8M | ||
| Q1 24 | — | $167.6M |
毛利率IMMRLOGI
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
营业利润率IMMRLOGI
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | -2.8% | 14.1% | ||
| Q1 25 | 7.5% | 10.5% | ||
| Q4 24 | 11.4% | 17.5% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | 23.7% | 14.1% | ||
| Q1 24 | — | 12.9% |
净利率IMMRLOGI
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | -4.6% | 12.7% | ||
| Q1 25 | 5.1% | 14.3% | ||
| Q4 24 | 5.0% | 14.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | 27.7% | 13.0% | ||
| Q1 24 | — | 16.6% |
每股收益（稀释后）IMMRLOGI
| Q4 25 | — | $1.69 | ||
| Q3 25 | — | $1.15 | ||
| Q2 25 | $-0.57 | $0.98 | ||
| Q1 25 | $0.73 | $0.94 | ||
| Q4 24 | $0.93 | $1.32 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | $0.81 | $0.92 | ||
| Q1 24 | — | $1.07 |
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 | $161.4M | $1.8B |
| 总债务越低越好 | $103.1M | — |
| 股东权益账面价值 | $298.1M | $2.3B |
| 总资产 | $1.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资IMMRLOGI
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $161.4M | $1.5B | ||
| Q1 25 | $153.9M | $1.5B | ||
| Q4 24 | $159.3M | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $133.4M | $1.5B | ||
| Q1 24 | — | $1.5B |
总债务IMMRLOGI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IMMRLOGI
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $298.1M | $2.2B | ||
| Q1 25 | $317.9M | $2.1B | ||
| Q4 24 | $305.5M | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $273.4M | $2.2B | ||
| Q1 24 | — | $2.2B |
总资产IMMRLOGI
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $1.2B | $3.7B | ||
| Q1 24 | — | $3.6B |
负债/权益比IMMRLOGI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | $480.5M |
| 自由现金流经营现金流 - 资本支出 | — | $465.6M |
| 自由现金流率自由现金流/营收 | — | 32.8% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.91× |
| 过去12个月自由现金流最近4个季度 | — | $903.6M |
8季度趋势，按日历期对齐
经营现金流IMMRLOGI
| Q4 25 | — | $480.5M | ||
| Q3 25 | — | $228.8M | ||
| Q2 25 | — | $125.0M | ||
| Q1 25 | $-43.7M | $129.7M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | — | $166.0M | ||
| Q2 24 | $-85.9M | $176.0M | ||
| Q1 24 | — | $239.1M |
自由现金流IMMRLOGI
| Q4 25 | — | $465.6M | ||
| Q3 25 | — | $212.3M | ||
| Q2 25 | — | $108.8M | ||
| Q1 25 | $-46.2M | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | — | $151.5M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $228.8M |
自由现金流率IMMRLOGI
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | -9.8% | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 22.6% |
资本支出强度IMMRLOGI
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | 0.5% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
现金转化率IMMRLOGI
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | -1.82× | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | -3.25× | 1.24× | ||
| Q1 24 | — | 1.43× |
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
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
