Immersion vs Logitech
Logitech reported revenue of $4.8 billion in fiscal 2026, 2.8 times Immersion's $1.7 billion in fiscal 2026. Immersion's revenue grew 11.2% in its latest year, and Logitech's grew 6.3%. Immersion had an operating margin of 1.5%, against 16.0% at Logitech. Free cash flow was $43 million at Immersion and $976 million at Logitech. Their fiscal years end in different months (April 30 and March 31), so the periods don't line up exactly.
Side by side
| Immersion | Logitech | |
|---|---|---|
| Latest fiscal year | FY2026, Apr 30, 2026 | FY2026, Mar 31, 2026 |
| Revenue | $1.7B | $4.8B |
| Revenue growth | 11.2% | 6.3% |
| Revenue growth a year, last 5 years | 124.3% | −1.6% |
| Gross margin | — | 43.2% |
| Operating margin | 1.5% | 16.0% |
| Net margin | 0.3% | 14.7% |
| Free cash flow | $43M | $976M |
| Free cash flow margin | 2.5% | 20.1% |
| Return on capital | 2.7% | 121.9% |
| Net debt to EBITDA | −1.6x | −2.0x |
| Dividends and buybacks | $8M | $768M |
| Change in diluted share count | 0.4% | −3.0% |
| Last close | $6.79 | $96.25 |
| P/E at the last close | 20.0× | 17.3× |
| Insider trades, last 12 months | sold $32,039 | sold $1.6 million |
| Piotroski F-score | — | 7 of 9 |
Amounts in each company's own currency, US$ 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
ImmersionLogitech
Operating margin
Percent of revenue
ImmersionLogitech
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ImmersionLogitech
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 Immersion and Logitech pages.