What is Immersion Corporation's return on invested capital?

Immersion Corporation (IMMR) reported return on invested capital of 11% in Q4 2023.

How has Immersion Corporation's return on invested capital changed year-over-year?

Immersion Corporation's return on invested capital decreased by 46.8% year-over-year, from 20.6% to 11%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Immersion Corporation IMMR Return on invested capital

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Other financials

Income statement

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Revenue$518.5M+10.0%

Gross profit$14.0M+95.5%

Operating income$5.0M-85.9%

Net income-$10.3M-143%

EPS (diluted)-$0.31-142%

Balance sheet

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Cash & equivalents$129.8M+52.3%

Total debt$103.1M—

Total equity$295.4M-7.1%

Total assets$1.4B-0.4%

Cash flow

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Operating cash flow-$33.8M+22.7%

CapEx$3.7M+46.4%

Free cash flow-$37.5M+18.9%

Valuation

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Market cap$224.09M-10.0%

P/E9×-21.1×

P/S0.1×0.0×

Profitability

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Gross margin99.9%+0.2pp

Operating margin1.1%-9.2pp

Net margin7.6%—

FCF margin-11%—

Returns & leverage

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Return on equity39.8%+25.4pp

Debt / equity0.3×—

Current ratio1.8×+0.1×

Where this comes from

Calculated from Immersion Corporation’s reported figures.

nopat/invested capital=11%

Based on trailing twelve months.

The official record: Immersion Corporation’s 10-K, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Immersion Corporation's return on invested capital?: Immersion Corporation (IMMR) reported return on invested capital of 11% in Q4 2023.
How has Immersion Corporation's return on invested capital changed year-over-year?: Immersion Corporation's return on invested capital decreased by 46.8% year-over-year, from 20.6% to 11%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.