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IMMERSION CORP（IMMR）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
IMMERSION CORP的季度营收约是世纪互联的1.0倍（$372.9M vs $362.7M），IMMERSION CORP净利率更高（-4.6% vs -10.7%，领先6.1%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 17.4%）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
IMMR vs VNET — 直观对比
营收规模更大
IMMR
是对方的1.0倍
$362.7M
净利率更高
IMMR
高出6.1%
-10.7%
两年增速更快
IMMR
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $362.7M |
| 净利润 | $-17.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -2.8% | 0.5% |
| 净利率 | -4.6% | -10.7% |
| 营收同比 | 750.4% | — |
| 净利润同比 | -191.3% | — |
| 每股收益（稀释后） | $-0.57 | — |
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IMMRVNET
| Q3 25 | — | $362.7M | ||
| Q2 25 | $372.9M | — | ||
| Q1 25 | $471.3M | $309.5M | ||
| Q4 24 | $616.2M | — | ||
| Q3 24 | — | $302.2M | ||
| Q2 24 | $95.5M | $274.4M | ||
| Q1 24 | $43.8M | $262.9M | ||
| Q3 23 | $9.5M | $258.6M |
净利润IMMRVNET
| Q3 25 | — | $-38.7M | ||
| Q2 25 | $-17.0M | — | ||
| Q1 25 | $24.1M | $-2.4M | ||
| Q4 24 | $30.8M | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | $26.4M | $-1.1M | ||
| Q1 24 | $18.7M | $-22.0M | ||
| Q3 23 | $2.7M | $-5.5M |
毛利率IMMRVNET
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% | ||
| Q3 23 | — | 16.2% |
营业利润率IMMRVNET
| Q3 25 | — | 0.5% | ||
| Q2 25 | -2.8% | — | ||
| Q1 25 | 7.5% | 0.1% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | 23.7% | 0.2% | ||
| Q1 24 | 37.9% | 0.2% | ||
| Q3 23 | 68.8% | 1.7% |
净利率IMMRVNET
| Q3 25 | — | -10.7% | ||
| Q2 25 | -4.6% | — | ||
| Q1 25 | 5.1% | -0.8% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | 27.7% | -0.4% | ||
| Q1 24 | 42.5% | -8.4% | ||
| Q3 23 | 28.3% | -2.1% |
每股收益（稀释后）IMMRVNET
| Q3 25 | — | — | ||
| Q2 25 | $-0.57 | — | ||
| Q1 25 | $0.73 | — | ||
| Q4 24 | $0.93 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.81 | — | ||
| Q1 24 | $0.59 | — | ||
| Q3 23 | $0.08 | — |
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 | $492.1M |
| 总债务越低越好 | $103.1M | — |
| 股东权益账面价值 | $298.1M | $890.8M |
| 总资产 | $1.1B | $6.1B |
| 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IMMRVNET
| Q3 25 | — | $492.1M | ||
| Q2 25 | $161.4M | — | ||
| Q1 25 | $153.9M | $544.3M | ||
| Q4 24 | $159.3M | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | $133.4M | $247.2M | ||
| Q1 24 | $179.1M | $246.9M | ||
| Q3 23 | $150.7M | $370.4M |
总债务IMMRVNET
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
股东权益IMMRVNET
| Q3 25 | — | $890.8M | ||
| Q2 25 | $298.1M | — | ||
| Q1 25 | $317.9M | $927.8M | ||
| Q4 24 | $305.5M | — | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | $273.4M | $900.6M | ||
| Q1 24 | $201.5M | $895.1M | ||
| Q3 23 | $169.4M | $942.7M |
总资产IMMRVNET
| Q3 25 | — | $6.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.4B | $5.4B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | $1.2B | $4.0B | ||
| Q1 24 | $244.7M | $3.9B | ||
| Q3 23 | $204.7M | $4.1B |
负债/权益比IMMRVNET
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流IMMRVNET
| Q3 25 | — | $113.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | $-43.7M | $27.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $108.3M | ||
| Q2 24 | $-85.9M | $55.8M | ||
| Q1 24 | $29.9M | $37.1M | ||
| Q3 23 | $4.0M | $62.3M |
自由现金流IMMRVNET
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | $-46.2M | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M | ||
| Q3 23 | $4.0M | $-67.5M |
自由现金流率IMMRVNET
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | -9.8% | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% | ||
| Q3 23 | 42.4% | -26.1% |
资本支出强度IMMRVNET
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% | ||
| Q3 23 | 0.0% | 50.2% |
现金转化率IMMRVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -1.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.25× | — | ||
| Q1 24 | 1.60× | — | ||
| Q3 23 | 1.50× | — |
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% |
VNET
暂无分部数据
