Corsair Gaming vs Turtle Beach
Corsair Gaming reported revenue of $1.5 billion in fiscal 2025, 4.6 times Turtle Beach's $320 million in fiscal 2025. Corsair Gaming's revenue grew 11.9% in its latest year, and Turtle Beach's fell 14.2%. Corsair Gaming had an operating margin of 0.1%, against 8.6% at Turtle Beach. Free cash flow was $35 million at Corsair Gaming and $34 million at Turtle Beach.
Side by side
| Corsair Gaming | Turtle Beach | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.5B | $320M |
| Revenue growth | 11.9% | −14.2% |
| Revenue growth a year, last 5 years | −2.9% | −2.3% |
| Gross margin | 28.9% | 37.3% |
| Operating margin | 0.1% | 8.6% |
| Net margin | −1.1% | 4.9% |
| Free cash flow | $35M | $34M |
| Free cash flow margin | 2.4% | 10.6% |
| Return on capital | 0.2% | 15.8% |
| Net debt to EBITDA | 0.4x | 1.2x |
| Dividends and buybacks | $0M | $19M |
| Change in diluted share count | 1.8% | −1.8% |
| Last close | $11.84 | $15.19 |
| P/E at the last close | 31.2× | — |
| Insider trades, last 12 months | bought $964,000, sold $155,273 | sold $4.0 million |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Corsair GamingTurtle Beach
Operating margin
Percent of revenue
Corsair GamingTurtle Beach
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Corsair GamingTurtle Beach
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Corsair Gaming and Turtle Beach pages.