Commerce.com, Inc. (CMRC) vs Immersion Corporation (IMMR)

Commerce.com, Inc. and Immersion Corporation are both Software Application companies. Commerce.com, Inc. and Immersion Corporation are of similar size ($261.0M and $237.4M). Commerce.com, Inc. has negative trailing earnings, so its P/E is not meaningful; Immersion Corporation trades at 171×. Commerce.com, Inc. grew revenue faster over the last twelve months: 2.77% against −0.88%. Immersion Corporation has the higher net margin (0.60% vs −1.67%) and the higher return on invested capital (4.26% vs 1.95%). Across the 21 metrics below, Immersion Corporation leads on 15 and Commerce.com, Inc. on 6.

Valuation

Metric CMRC IMMR Software Application median
P/E n/m 170.89 24.79
P/S 0.78 0.14 2.67
P/B 5.22 0.43 3.01
Price to free cash flow 13.78 3.95 16.59
EV/EBITDA 22.28 2.08 14.40
EV/Sales 0.76 0.09 2.62
Earnings yield (2.05%) 0.59% 0.00%
Free cash flow yield 7.26% 25.33% 1.91%

Profitability

Metric CMRC IMMR Software Application median
Gross margin 77.17% 21.54% 67.03%
Operating margin 0.42% 1.86% 0.00%
Net margin (1.67%) 0.60% 0.00%
Free cash flow margin 5.64% 3.53% 4.32%
Return on equity (12.78%) 1.87% 0.00%
Return on assets (1.84%) 0.85% 0.00%
Return on invested capital 1.95% 4.26% 0.00%

Growth

Metric CMRC IMMR Software Application median
Revenue growth (TTM) 2.77% (0.88%) 12.40%
EPS growth (last fiscal year) 31.43% (95.06%) —
Revenue growth, 5-year CAGR 17.58% 124.34% 13.72%
Net income growth, 5-year CAGR 0.00% (3.52%) 0.00%

Health

Metric CMRC IMMR Software Application median
Debt to equity 2.95 0.22 0.02
Current ratio 2.03 2.14 1.55
Net debt to EBITDA (2.85) (1.60) 0.06

Dividend

Metric CMRC IMMR Software Application median
Dividend yield — 1.95% 1.25%
Payout ratio 0.00 0.05 0.00

Size

Metric CMRC IMMR Software Application median
Market cap 261.01m 237.42m 396.11m

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