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IMMERSION CORP（IMMR）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Royalty Pharma plc的季度营收约是IMMERSION CORP的1.7倍（$622.0M vs $372.9M），Royalty Pharma plc净利率更高（34.4% vs -4.6%，领先39.0%），IMMERSION CORP同比增速更快（750.4% vs 4.8%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 4.6%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
IMMR vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.7倍
$372.9M
营收增速更快
IMMR
高出745.6%
4.8%
净利率更高
RPRX
高出39.0%
-4.6%
两年增速更快
IMMR
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $622.0M |
| 净利润 | $-17.0M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | -2.8% | 62.4% |
| 净利率 | -4.6% | 34.4% |
| 营收同比 | 750.4% | 4.8% |
| 净利润同比 | -191.3% | 2.9% |
| 每股收益（稀释后） | $-0.57 | $0.49 |
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IMMRRPRX
| Q4 25 | — | $622.0M | ||
| Q3 25 | — | $609.3M | ||
| Q2 25 | $372.9M | $578.7M | ||
| Q1 25 | $471.3M | $568.2M | ||
| Q4 24 | $616.2M | $593.6M | ||
| Q3 24 | — | $564.7M | ||
| Q2 24 | $95.5M | $537.3M | ||
| Q1 24 | $43.8M | $568.0M |
净利润IMMRRPRX
| Q4 25 | — | $214.2M | ||
| Q3 25 | — | $288.2M | ||
| Q2 25 | $-17.0M | $30.2M | ||
| Q1 25 | $24.1M | $238.3M | ||
| Q4 24 | $30.8M | $208.2M | ||
| Q3 24 | — | $544.0M | ||
| Q2 24 | $26.4M | $102.0M | ||
| Q1 24 | $18.7M | $4.8M |
营业利润率IMMRRPRX
| Q4 25 | — | 62.4% | ||
| Q3 25 | — | 70.1% | ||
| Q2 25 | -2.8% | 36.3% | ||
| Q1 25 | 7.5% | 94.0% | ||
| Q4 24 | 11.4% | 60.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | 23.7% | 50.2% | ||
| Q1 24 | 37.9% | -13.0% |
净利率IMMRRPRX
| Q4 25 | — | 34.4% | ||
| Q3 25 | — | 47.3% | ||
| Q2 25 | -4.6% | 5.2% | ||
| Q1 25 | 5.1% | 41.9% | ||
| Q4 24 | 5.0% | 35.1% | ||
| Q3 24 | — | 96.3% | ||
| Q2 24 | 27.7% | 19.0% | ||
| Q1 24 | 42.5% | 0.8% |
每股收益（稀释后）IMMRRPRX
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.67 | ||
| Q2 25 | $-0.57 | $0.07 | ||
| Q1 25 | $0.73 | $0.55 | ||
| Q4 24 | $0.93 | $0.46 | ||
| Q3 24 | — | $1.21 | ||
| Q2 24 | $0.81 | $0.23 | ||
| Q1 24 | $0.59 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $103.1M | $9.0B |
| 股东权益账面价值 | $298.1M | $9.7B |
| 总资产 | $1.1B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.35× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资IMMRRPRX
| Q4 25 | — | $618.7M | ||
| Q3 25 | — | $938.9M | ||
| Q2 25 | $161.4M | $631.9M | ||
| Q1 25 | $153.9M | $1.1B | ||
| Q4 24 | $159.3M | $929.0M | ||
| Q3 24 | — | $950.1M | ||
| Q2 24 | $133.4M | $1.8B | ||
| Q1 24 | $179.1M | $843.0M |
总债务IMMRRPRX
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | $103.1M | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益IMMRRPRX
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | $9.6B | ||
| Q2 25 | $298.1M | $9.5B | ||
| Q1 25 | $317.9M | $9.8B | ||
| Q4 24 | $305.5M | $10.3B | ||
| Q3 24 | — | $10.3B | ||
| Q2 24 | $273.4M | $9.8B | ||
| Q1 24 | $201.5M | $9.9B |
总资产IMMRRPRX
| Q4 25 | — | $19.6B | ||
| Q3 25 | — | $19.3B | ||
| Q2 25 | $1.1B | $18.3B | ||
| Q1 25 | $1.4B | $17.6B | ||
| Q4 24 | $1.4B | $18.2B | ||
| Q3 24 | — | $18.0B | ||
| Q2 24 | $1.2B | $17.7B | ||
| Q1 24 | $244.7M | $16.1B |
负债/权益比IMMRRPRX
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | 0.35× | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | — | $827.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 3.86× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流IMMRRPRX
| Q4 25 | — | $827.1M | ||
| Q3 25 | — | $702.6M | ||
| Q2 25 | — | $364.0M | ||
| Q1 25 | $-43.7M | $596.1M | ||
| Q4 24 | — | $742.5M | ||
| Q3 24 | — | $703.6M | ||
| Q2 24 | $-85.9M | $658.2M | ||
| Q1 24 | $29.9M | $664.6M |
自由现金流IMMRRPRX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-46.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率IMMRRPRX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度IMMRRPRX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率IMMRRPRX
| Q4 25 | — | 3.86× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 12.06× | ||
| Q1 25 | -1.82× | 2.50× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | -3.25× | 6.45× | ||
| Q1 24 | 1.60× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
