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IMMERSION CORP（IMMR）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是IMMERSION CORP的2.0倍（$737.8M vs $372.9M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -4.6%，领先14.7%），IMMERSION CORP同比增速更快（750.4% vs 13.9%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 18.2%）
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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
IMMR vs RHP — 直观对比
营收规模更大
RHP
是对方的2.0倍
$372.9M
营收增速更快
IMMR
高出736.5%
13.9%
净利率更高
RHP
高出14.7%
-4.6%
两年增速更快
IMMR
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $737.8M |
| 净利润 | $-17.0M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | -2.8% | 19.4% |
| 净利率 | -4.6% | 10.1% |
| 营收同比 | 750.4% | 13.9% |
| 净利润同比 | -191.3% | 3.0% |
| 每股收益（稀释后） | $-0.57 | $1.12 |
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IMMRRHP
| Q4 25 | — | $737.8M | ||
| Q3 25 | — | $592.5M | ||
| Q2 25 | $372.9M | $659.5M | ||
| Q1 25 | $471.3M | $587.3M | ||
| Q4 24 | $616.2M | $647.6M | ||
| Q3 24 | — | $550.0M | ||
| Q2 24 | $95.5M | $613.3M | ||
| Q1 24 | $43.8M | $528.3M |
净利润IMMRRHP
| Q4 25 | — | $74.5M | ||
| Q3 25 | — | $34.9M | ||
| Q2 25 | $-17.0M | $71.8M | ||
| Q1 25 | $24.1M | $63.0M | ||
| Q4 24 | $30.8M | $72.3M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | $26.4M | $100.8M | ||
| Q1 24 | $18.7M | $42.8M |
毛利率IMMRRHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
营业利润率IMMRRHP
| Q4 25 | — | 19.4% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | -2.8% | 21.1% | ||
| Q1 25 | 7.5% | 19.8% | ||
| Q4 24 | 11.4% | 18.6% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | 23.7% | 27.4% | ||
| Q1 24 | 37.9% | 18.2% |
净利率IMMRRHP
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | -4.6% | 10.9% | ||
| Q1 25 | 5.1% | 10.7% | ||
| Q4 24 | 5.0% | 11.2% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | 27.7% | 16.4% | ||
| Q1 24 | 42.5% | 8.1% |
每股收益（稀释后）IMMRRHP
| Q4 25 | — | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | $-0.57 | $1.12 | ||
| Q1 25 | $0.73 | $1.00 | ||
| Q4 24 | $0.93 | $1.12 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | $0.81 | $1.65 | ||
| Q1 24 | $0.59 | $0.67 |
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 | $471.4M |
| 总债务越低越好 | $103.1M | — |
| 股东权益账面价值 | $298.1M | $750.2M |
| 总资产 | $1.1B | $6.2B |
| 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IMMRRHP
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $483.3M | ||
| Q2 25 | $161.4M | $420.6M | ||
| Q1 25 | $153.9M | $413.9M | ||
| Q4 24 | $159.3M | $477.7M | ||
| Q3 24 | — | $534.9M | ||
| Q2 24 | $133.4M | $498.4M | ||
| Q1 24 | $179.1M | $465.3M |
总债务IMMRRHP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IMMRRHP
| Q4 25 | — | $750.2M | ||
| Q3 25 | — | $758.5M | ||
| Q2 25 | $298.1M | $800.4M | ||
| Q1 25 | $317.9M | $531.5M | ||
| Q4 24 | $305.5M | $549.0M | ||
| Q3 24 | — | $551.9M | ||
| Q2 24 | $273.4M | $562.6M | ||
| Q1 24 | $201.5M | $529.9M |
总资产IMMRRHP
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $1.1B | $6.1B | ||
| Q1 25 | $1.4B | $5.2B | ||
| Q4 24 | $1.4B | $5.2B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | $1.2B | $5.1B | ||
| Q1 24 | $244.7M | $5.1B |
负债/权益比IMMRRHP
| 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 | — | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流IMMRRHP
| Q4 25 | — | $164.7M | ||
| Q3 25 | — | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | $-43.7M | $98.2M | ||
| Q4 24 | — | $166.6M | ||
| Q3 24 | — | $218.1M | ||
| Q2 24 | $-85.9M | $184.3M | ||
| Q1 24 | $29.9M | $7.5M |
自由现金流IMMRRHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | $-46.2M | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $-72.0M |
自由现金流率IMMRRHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | -9.8% | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | -13.6% |
资本支出强度IMMRRHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | 0.5% | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.0% |
现金转化率IMMRRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | -1.82× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | -3.25× | 1.83× | ||
| Q1 24 | 1.60× | 0.17× |
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% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
