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IMMERSION CORP（IMMR）与Playtika Holding Corp.（PLTK）财务数据对比。点击上方公司名可切换其他公司
Playtika Holding Corp.的季度营收约是IMMERSION CORP的1.8倍（$678.8M vs $372.9M），IMMERSION CORP净利率更高（-4.6% vs -45.6%，领先41.0%），IMMERSION CORP同比增速更快（750.4% vs 4.4%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 2.1%）
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。
Playtika Holding Corp是一家专注于移动端游戏开发与发行的以色列数字娱乐企业，主打休闲社交类手游产品，在全球拥有庞大用户群体。截至2021年，该公司月活跃用户规模已经突破3500万，是行业内影响力突出的移动游戏厂商。
IMMR vs PLTK — 直观对比
营收规模更大
PLTK
是对方的1.8倍
$372.9M
营收增速更快
IMMR
高出746.0%
4.4%
净利率更高
IMMR
高出41.0%
-45.6%
两年增速更快
IMMR
近两年复合增速
2.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $678.8M |
| 净利润 | $-17.0M | $-309.3M |
| 毛利率 | — | 72.5% |
| 营业利润率 | -2.8% | -41.4% |
| 净利率 | -4.6% | -45.6% |
| 营收同比 | 750.4% | 4.4% |
| 净利润同比 | -191.3% | -1752.1% |
| 每股收益（稀释后） | $-0.57 | $-0.83 |
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IMMRPLTK
| Q4 25 | — | $678.8M | ||
| Q3 25 | — | $674.6M | ||
| Q2 25 | $372.9M | $696.0M | ||
| Q1 25 | $471.3M | $706.0M | ||
| Q4 24 | $616.2M | $650.3M | ||
| Q3 24 | — | $620.8M | ||
| Q2 24 | $95.5M | $627.0M | ||
| Q1 24 | $43.8M | $651.2M |
净利润IMMRPLTK
| Q4 25 | — | $-309.3M | ||
| Q3 25 | — | $39.1M | ||
| Q2 25 | $-17.0M | $33.2M | ||
| Q1 25 | $24.1M | $30.6M | ||
| Q4 24 | $30.8M | $-16.7M | ||
| Q3 24 | — | $39.3M | ||
| Q2 24 | $26.4M | $86.6M | ||
| Q1 24 | $18.7M | $53.0M |
毛利率IMMRPLTK
| Q4 25 | — | 72.5% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 71.9% | ||
| Q1 25 | — | 72.0% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.9% | ||
| Q2 24 | — | 73.2% | ||
| Q1 24 | — | 72.8% |
营业利润率IMMRPLTK
| Q4 25 | — | -41.4% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | -2.8% | 15.8% | ||
| Q1 25 | 7.5% | 9.6% | ||
| Q4 24 | 11.4% | 8.5% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | 23.7% | 22.4% | ||
| Q1 24 | 37.9% | 15.1% |
净利率IMMRPLTK
| Q4 25 | — | -45.6% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | -4.6% | 4.8% | ||
| Q1 25 | 5.1% | 4.3% | ||
| Q4 24 | 5.0% | -2.6% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | 27.7% | 13.8% | ||
| Q1 24 | 42.5% | 8.1% |
每股收益（稀释后）IMMRPLTK
| Q4 25 | — | $-0.83 | ||
| Q3 25 | — | $0.11 | ||
| Q2 25 | $-0.57 | $0.09 | ||
| Q1 25 | $0.73 | $0.08 | ||
| Q4 24 | $0.93 | $-0.04 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $0.81 | $0.23 | ||
| Q1 24 | $0.59 | $0.14 |
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 | $684.2M |
| 总债务越低越好 | $103.1M | $2.4B |
| 股东权益账面价值 | $298.1M | $-411.4M |
| 总资产 | $1.1B | $3.7B |
| 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IMMRPLTK
| Q4 25 | — | $684.2M | ||
| Q3 25 | — | $587.9M | ||
| Q2 25 | $161.4M | $500.9M | ||
| Q1 25 | $153.9M | $434.8M | ||
| Q4 24 | $159.3M | $565.8M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $133.4M | $710.3M | ||
| Q1 24 | $179.1M | $1.0B |
总债务IMMRPLTK
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $103.1M | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
股东权益IMMRPLTK
| Q4 25 | — | $-411.4M | ||
| Q3 25 | — | $-74.8M | ||
| Q2 25 | $298.1M | $-87.8M | ||
| Q1 25 | $317.9M | $-117.2M | ||
| Q4 24 | $305.5M | $-131.1M | ||
| Q3 24 | — | $-98.0M | ||
| Q2 24 | $273.4M | $-112.9M | ||
| Q1 24 | $201.5M | $-180.4M |
总资产IMMRPLTK
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | $1.1B | $3.6B | ||
| Q1 25 | $1.4B | $3.6B | ||
| Q4 24 | $1.4B | $3.6B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | $1.2B | $3.2B | ||
| Q1 24 | $244.7M | $3.1B |
负债/权益比IMMRPLTK
| 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 | — | $285.9M |
| 自由现金流经营现金流 - 资本支出 | — | $275.2M |
| 自由现金流率自由现金流/营收 | — | 40.5% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | — | $531.4M |
8季度趋势，按日历期对齐
经营现金流IMMRPLTK
| Q4 25 | — | $285.9M | ||
| Q3 25 | — | $116.9M | ||
| Q2 25 | — | $146.1M | ||
| Q1 25 | $-43.7M | $18.8M | ||
| Q4 24 | — | $153.1M | ||
| Q3 24 | — | $156.9M | ||
| Q2 24 | $-85.9M | $150.5M | ||
| Q1 24 | $29.9M | $29.6M |
自由现金流IMMRPLTK
| Q4 25 | — | $275.2M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $141.3M | ||
| Q1 25 | $-46.2M | $8.4M | ||
| Q4 24 | — | $140.3M | ||
| Q3 24 | — | $152.1M | ||
| Q2 24 | — | $141.2M | ||
| Q1 24 | — | $15.6M |
自由现金流率IMMRPLTK
| Q4 25 | — | 40.5% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | -9.8% | 1.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 2.4% |
资本支出强度IMMRPLTK
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 0.5% | 1.5% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 2.1% |
现金转化率IMMRPLTK
| Q4 25 | — | — | ||
| Q3 25 | — | 2.99× | ||
| Q2 25 | — | 4.40× | ||
| Q1 25 | -1.82× | 0.61× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.99× | ||
| Q2 24 | -3.25× | 1.74× | ||
| Q1 24 | 1.60× | 0.56× |
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% |
PLTK
| Third Party Platform | $428.7M | 63% |
| Other | $158.8M | 23% |
| Asia Pacific | $52.7M | 8% |
| Other Geographic Location | $38.6M | 6% |
