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Side-by-side financial comparison of LOGITECH INTERNATIONAL S.A. (LOGI) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.

LOGITECH INTERNATIONAL S.A. is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× PACS Group, Inc.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs 4.4%, a 13.3% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 6.1%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 18.5%).

Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.

LOGI vs PACS — Head-to-Head

Bigger by revenue
LOGI
LOGI
1.0× larger
LOGI
$1.4B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+12.3% gap
PACS
18.4%
6.1%
LOGI
Higher net margin
LOGI
LOGI
13.3% more per $
LOGI
17.7%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
18.5%
LOGI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LOGI
LOGI
PACS
PACS
Revenue
$1.4B
$1.4B
Net Profit
$251.0M
$59.7M
Gross Margin
43.2%
Operating Margin
20.1%
7.0%
Net Margin
17.7%
4.4%
Revenue YoY
6.1%
18.4%
Net Profit YoY
25.4%
3022.5%
EPS (diluted)
$1.69
$0.42

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LOGI
LOGI
PACS
PACS
Q4 25
$1.4B
$1.4B
Q3 25
$1.2B
$1.3B
Q2 25
$1.1B
$1.3B
Q1 25
$1.0B
$1.3B
Q4 24
$1.3B
$1.1B
Q3 24
$1.1B
$1.0B
Q2 24
$1.1B
$981.4M
Q1 24
$1.0B
$934.3M
Net Profit
LOGI
LOGI
PACS
PACS
Q4 25
$251.0M
$59.7M
Q3 25
$170.7M
$52.4M
Q2 25
$146.0M
$51.0M
Q1 25
$144.1M
$28.5M
Q4 24
$200.1M
$1.9M
Q3 24
$145.5M
$15.6M
Q2 24
$141.8M
$-10.9M
Q1 24
$167.6M
$49.1M
Gross Margin
LOGI
LOGI
PACS
PACS
Q4 25
43.2%
Q3 25
43.4%
Q2 25
41.7%
Q1 25
43.1%
Q4 24
42.9%
Q3 24
43.6%
17.1%
Q2 24
42.8%
22.3%
Q1 24
43.2%
21.2%
Operating Margin
LOGI
LOGI
PACS
PACS
Q4 25
20.1%
7.0%
Q3 25
16.1%
6.4%
Q2 25
14.1%
6.2%
Q1 25
10.5%
3.8%
Q4 24
17.5%
1.7%
Q3 24
14.4%
2.2%
Q2 24
14.1%
0.1%
Q1 24
12.9%
8.6%
Net Margin
LOGI
LOGI
PACS
PACS
Q4 25
17.7%
4.4%
Q3 25
14.4%
3.9%
Q2 25
12.7%
3.9%
Q1 25
14.3%
2.2%
Q4 24
14.9%
0.2%
Q3 24
13.0%
1.5%
Q2 24
13.0%
-1.1%
Q1 24
16.6%
5.3%
EPS (diluted)
LOGI
LOGI
PACS
PACS
Q4 25
$1.69
$0.42
Q3 25
$1.15
$0.32
Q2 25
$0.98
$0.31
Q1 25
$0.94
$0.17
Q4 24
$1.32
$-0.03
Q3 24
$0.95
$0.10
Q2 24
$0.92
$-0.07
Q1 24
$1.07
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LOGI
LOGI
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$1.8B
$197.0M
Total DebtLower is stronger
$353.2M
Stockholders' EquityBook value
$2.3B
$946.8M
Total Assets
$4.1B
$5.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOGI
LOGI
PACS
PACS
Q4 25
$1.8B
$197.0M
Q3 25
$1.4B
$355.7M
Q2 25
$1.5B
$294.2M
Q1 25
$1.5B
$287.5M
Q4 24
$1.5B
$157.7M
Q3 24
$1.4B
$49.5M
Q2 24
$1.5B
$73.4M
Q1 24
$1.5B
$81.2M
Total Debt
LOGI
LOGI
PACS
PACS
Q4 25
$353.2M
Q3 25
Q2 25
Q1 25
Q4 24
$411.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LOGI
LOGI
PACS
PACS
Q4 25
$2.3B
$946.8M
Q3 25
$2.1B
$871.3M
Q2 25
$2.2B
$806.8M
Q1 25
$2.1B
$750.2M
Q4 24
$2.1B
$709.6M
Q3 24
$2.1B
$660.0M
Q2 24
$2.2B
$572.1M
Q1 24
$2.2B
$128.0M
Total Assets
LOGI
LOGI
PACS
PACS
Q4 25
$4.1B
$5.6B
Q3 25
$3.7B
$5.6B
Q2 25
$3.7B
$5.5B
Q1 25
$3.5B
$5.5B
Q4 24
$3.7B
$5.2B
Q3 24
$3.6B
$4.5B
Q2 24
$3.7B
$3.9B
Q1 24
$3.6B
$3.9B
Debt / Equity
LOGI
LOGI
PACS
PACS
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LOGI
LOGI
PACS
PACS
Operating Cash FlowLast quarter
$480.5M
$-3.4M
Free Cash FlowOCF − Capex
$465.6M
FCF MarginFCF / Revenue
32.8%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
1.91×
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$903.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOGI
LOGI
PACS
PACS
Q4 25
$480.5M
$-3.4M
Q3 25
$228.8M
$204.8M
Q2 25
$125.0M
$52.6M
Q1 25
$129.7M
$150.2M
Q4 24
$370.9M
$64.6M
Q3 24
$166.0M
$209.2M
Q2 24
$176.0M
$34.8M
Q1 24
$239.1M
$58.8M
Free Cash Flow
LOGI
LOGI
PACS
PACS
Q4 25
$465.6M
Q3 25
$212.3M
Q2 25
$108.8M
Q1 25
$116.9M
Q4 24
$356.6M
Q3 24
$151.5M
Q2 24
$161.4M
Q1 24
$228.8M
FCF Margin
LOGI
LOGI
PACS
PACS
Q4 25
32.8%
Q3 25
17.9%
Q2 25
9.5%
Q1 25
11.6%
Q4 24
26.6%
Q3 24
13.6%
Q2 24
14.8%
Q1 24
22.6%
Capex Intensity
LOGI
LOGI
PACS
PACS
Q4 25
1.0%
Q3 25
1.4%
Q2 25
1.4%
Q1 25
1.3%
Q4 24
1.1%
Q3 24
1.3%
Q2 24
1.3%
Q1 24
1.0%
Cash Conversion
LOGI
LOGI
PACS
PACS
Q4 25
1.91×
-0.06×
Q3 25
1.34×
3.91×
Q2 25
0.86×
1.03×
Q1 25
0.90×
5.28×
Q4 24
1.85×
33.78×
Q3 24
1.14×
13.39×
Q2 24
1.24×
Q1 24
1.43×
1.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LOGI
LOGI

Retail Gaming$482.7M34%
Retail Keyboards Desktops$254.6M18%
Retail Pointing Devices$241.2M17%
Retail Video Collaboration$193.3M14%
Retail Tablet And Other Accessories$93.6M7%
Retail Webcams$82.3M6%
Retail Headsets$45.9M3%
Other Retail Products$28.0M2%

PACS
PACS

Segment breakdown not available.

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