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IMMERSION CORP（IMMR）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
猫途鹰的季度营收约是IMMERSION CORP的1.1倍（$411.0M vs $372.9M），IMMERSION CORP净利率更高（-4.6% vs -9.2%，领先4.7%），IMMERSION CORP同比增速更快（750.4% vs 0.0%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 2.0%）
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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
IMMR vs TRIP — 直观对比
营收规模更大
TRIP
是对方的1.1倍
$372.9M
营收增速更快
IMMR
高出750.4%
0.0%
净利率更高
IMMR
高出4.7%
-9.2%
两年增速更快
IMMR
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $411.0M |
| 净利润 | $-17.0M | $-38.0M |
| 毛利率 | — | 91.5% |
| 营业利润率 | -2.8% | -8.3% |
| 净利率 | -4.6% | -9.2% |
| 营收同比 | 750.4% | 0.0% |
| 净利润同比 | -191.3% | -3900.0% |
| 每股收益（稀释后） | $-0.57 | $-0.32 |
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IMMRTRIP
| Q4 25 | — | $411.0M | ||
| Q3 25 | — | $553.0M | ||
| Q2 25 | $372.9M | $529.0M | ||
| Q1 25 | $471.3M | $398.0M | ||
| Q4 24 | $616.2M | $411.0M | ||
| Q3 24 | — | $532.0M | ||
| Q2 24 | $95.5M | $497.0M | ||
| Q1 24 | $43.8M | $395.0M |
净利润IMMRTRIP
| Q4 25 | — | $-38.0M | ||
| Q3 25 | — | $53.0M | ||
| Q2 25 | $-17.0M | $36.0M | ||
| Q1 25 | $24.1M | $-11.0M | ||
| Q4 24 | $30.8M | $1.0M | ||
| Q3 24 | — | $39.0M | ||
| Q2 24 | $26.4M | $24.0M | ||
| Q1 24 | $18.7M | $-59.0M |
毛利率IMMRTRIP
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% | ||
| Q1 24 | — | 93.7% |
营业利润率IMMRTRIP
| Q4 25 | — | -8.3% | ||
| Q3 25 | — | 12.7% | ||
| Q2 25 | -2.8% | 11.2% | ||
| Q1 25 | 7.5% | -3.8% | ||
| Q4 24 | 11.4% | 0.2% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | 23.7% | 7.2% | ||
| Q1 24 | 37.9% | -3.8% |
净利率IMMRTRIP
| Q4 25 | — | -9.2% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | -4.6% | 6.8% | ||
| Q1 25 | 5.1% | -2.8% | ||
| Q4 24 | 5.0% | 0.2% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | 27.7% | 4.8% | ||
| Q1 24 | 42.5% | -14.9% |
每股收益（稀释后）IMMRTRIP
| Q4 25 | — | $-0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | $-0.57 | $0.28 | ||
| Q1 25 | $0.73 | $-0.08 | ||
| Q4 24 | $0.93 | $0.03 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | $0.81 | $0.17 | ||
| Q1 24 | $0.59 | $-0.43 |
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 | $1.0B |
| 总债务越低越好 | $103.1M | $819.0M |
| 股东权益账面价值 | $298.1M | $645.0M |
| 总资产 | $1.1B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.35× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资IMMRTRIP
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $161.4M | $1.2B | ||
| Q1 25 | $153.9M | $1.2B | ||
| Q4 24 | $159.3M | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $133.4M | $1.2B | ||
| Q1 24 | $179.1M | $1.2B |
总债务IMMRTRIP
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | $103.1M | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IMMRTRIP
| Q4 25 | — | $645.0M | ||
| Q3 25 | — | $707.0M | ||
| Q2 25 | $298.1M | $627.0M | ||
| Q1 25 | $317.9M | $643.0M | ||
| Q4 24 | $305.5M | $943.0M | ||
| Q3 24 | — | $944.0M | ||
| Q2 24 | $273.4M | $857.0M | ||
| Q1 24 | $201.5M | $825.0M |
总资产IMMRTRIP
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | $1.2B | $2.8B | ||
| Q1 24 | $244.7M | $2.7B |
负债/权益比IMMRTRIP
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | 0.35× | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | — | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-122.0M |
| 自由现金流率自由现金流/营收 | — | -29.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 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 | — | $163.0M |
8季度趋势，按日历期对齐
经营现金流IMMRTRIP
| Q4 25 | — | $-103.0M | ||
| Q3 25 | — | $44.0M | ||
| Q2 25 | — | $202.0M | ||
| Q1 25 | $-43.7M | $102.0M | ||
| Q4 24 | — | $-3.0M | ||
| Q3 24 | — | $-43.0M | ||
| Q2 24 | $-85.9M | $51.0M | ||
| Q1 24 | $29.9M | $139.0M |
自由现金流IMMRTRIP
| Q4 25 | — | $-122.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $177.0M | ||
| Q1 25 | $-46.2M | $83.0M | ||
| Q4 24 | — | $-26.0M | ||
| Q3 24 | — | $-63.0M | ||
| Q2 24 | — | $36.0M | ||
| Q1 24 | — | $123.0M |
自由现金流率IMMRTRIP
| Q4 25 | — | -29.7% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 33.5% | ||
| Q1 25 | -9.8% | 20.9% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | — | 31.1% |
资本支出强度IMMRTRIP
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | 0.5% | 4.8% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 4.1% |
现金转化率IMMRTRIP
| Q4 25 | — | — | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 5.61× | ||
| Q1 25 | -1.82× | — | ||
| Q4 24 | — | -3.00× | ||
| Q3 24 | — | -1.10× | ||
| Q2 24 | -3.25× | 2.13× | ||
| Q1 24 | 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
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
