Corsair Gaming

CRSR

Computer Hardware · Technology

Exchange

NASDAQ

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Strong

Stability

Exceptional

Valuation

Good

Track this stock — start free trial

Winston Score History

The full picture

Corsair Gaming makes gear for PC gamers and content creators. Its products include gaming keyboards, mice, headsets, controllers, PC cases, power supplies, cooling systems, and memory (RAM). It also owns the Elgato brand, which makes streaming equipment like capture cards and microphones used by YouTubers and Twitch streamers.

Corsair sells its products directly through its own website and through major retailers like Amazon, Best Buy, and Newegg. The company operates globally, with significant sales in North America and Europe, and generates revenue mainly through one-time hardware purchases rather than subscriptions. Its brand recognition among PC enthusiasts gives it some competitive edge, but it faces intense price competition from rivals like Razer, Logitech, and SteelSeries. With thin operating margins around 1%, the biggest risk is that a slowdown in PC gaming spending or continued pricing pressure could quickly erase profitability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+137.5% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

56.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$194M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Corsair Gaming's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

33.2%

Modest — 33.2% gross margin

Profit after running costs

Operating Margin

2.4%

Thin — 2.4% operating margin

Return on the money invested

ROCE

5.4%

Weak — 5.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+3.1%

Slow sales growth (+3.1% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

409%

Turns 409% of profit into real cash

Spare cash per sale

FCF Margin

8.0%

Modest free cash flow (8.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.18

Conservative — low debt load (0.18)

Covers its interest

Interest Cover

10.12x

Comfortably covers interest (10.1x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

34.8x

no trend

Pricey — P/E 34.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+19.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (34.8 → 15.7)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial