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Makes PC gaming hardware and peripherals, including keyboards, mice, headsets, power supplies and streaming gear.
Makes PC gaming hardware and peripherals, including keyboards, mice, headsets, power supplies and streaming gear.
Sells mainly through retailers and online marketplaces, where gaming peripherals and creator gear earn better margins than PC components like memory and power supplies, whose sales follow the PC-building cycle. It went public in 2020, with private-equity firm EagleTree Capital the controlling holder.
Moat: narrow (brand, distribution). Recognized gaming brand and retail distribution, but a competitive, discretionary hardware market.
Headquarters: Milpitas, California, United States · Founded: 1994 · Employees: 2,355
Size Corsair Gaming (CRSR) is a United States Information Technology company (Packaged Software) with a market value of $1.28B, the 2093rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.84 on 6 Nov 2026.
Performance Over six months the shares gained 63.1%, against +11.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 18 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +15.1%); the operating margin is 2.9% (peer median 7.5%).
Valuation It trades at 16.1× forward earnings against a peer median of 19.8× (5th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is +27 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.5 points below its cost of capital (13.5% WACC).
Short interest Short interest is 9.3% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.45B | $1.47B | $1.32B | $1.46B | $1.38B |
| Revenue growth | — | +12% | -10% | +6% | — |
| Gross profit | $458M | $392M | $295M | $328M | $263M |
| EBITDA | $96.3M | $56.3M | $1.94M | $60.4M | -$770,000 |
| Net income | $33.3M | -$12.5M | -$99.2M | $3.19M | -$60.9M |
| Free cash flow | $89.7M | $34.7M | $26.0M | $76.4M | $40.1M |
| Capital expenditure | $16.0M | $15.4M | $9.95M | $12.8M | $26.3M |
| Total debt | $185M | $191M | $237M | $247M | $295M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Corsair Gaming CRSR | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% |
| Logitech International LOGN.SW | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CRSR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.6% | -2.2% | 8th lowest of 21 |
| 6-month return | +63.1% | +11.5% | 4th highest of 18 |
| Distance from 52-week high | -18.1% | -26.4% | 8th highest of 21 |
| Revenue growth (TTM) | +3.1% | +15.1% | 5th lowest of 21 |
| Operating margin | 2.9% | 7.5% | 8th lowest of 21 |
| Forward P/E | 16.1× | 19.8× | 5th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 24.3% | 14.1% | 3rd most demanding of 14 |
| Growth delivered (Del g) | -2.9% | +17.0% | 2nd lowest of 14 |
| Hurdle (Req g minus delivered) | +27.2 pp | -5.4 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | -8.5 pp | -3.9 pp | 9th lowest of 21 |
| EV / EBITDA | 13.4× | 12.4× | 5th most expensive of 12 |
| Net debt / EBITDA | -0.1× | -1.0× | 6th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% | -2.9% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | n/a | n/a | n/a |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | n/a | n/a | n/a |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | n/a | 14.1% | -17.5% |
| Digital Turbine APPS | United States | $1.26B | +200% | +19% | 10% | 14.7× | 33.1% | +12.5% |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 294.5× | 43.9% | +178.6% |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 31.2× | 20.8% | +19.9% |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% | +17.0% |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% | +30.1% |
| Datang Telecom Technology 600198.SS | China | $1.25B | -24% | -11% | -30% | n/a | n/a | n/a |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
| Infomart 2492.T | Japan | $1.24B | +70% | +11% | 19% | 65.9× | 14.5% | +16.5% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 60.2× | n/a | n/a |
| Transwarp Technology (Shanghai) 6727.HK | Hong Kong | $1.33B | n/a | +32% | -50% | n/a | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 13.3× | -12.9% | +59.7% |
| PagerDuty PD | United States | $1.23B | +115% | +2% | 7% | 11.1× | 12.8% | +18.2% |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | n/a | n/a | n/a |
| Cyient CYIENT.NS | India | $1.23B | +24% | +10% | 9% | 20.2× | 20.3% | +12.0% |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | n/a | n/a | n/a |
| InnovAge INNV | United States | $1.22B | +18% | +15% | 8% | 19.8× | -6.7% | +9.2% |
| Vitec Software VIT-B.ST | Sweden | $1.22B | +18% | +6% | 21% | 24.0× | 3.8% | +22.6% |