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Side-by-side financial comparison of LOGITECH INTERNATIONAL S.A. (LOGI) and Western Midstream Partners, LP (WES). 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 $1.0B, roughly 1.4× Western Midstream Partners, LP). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 17.7%, a 0.8% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs 6.1%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $335.4M). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% CAGR vs 7.8%).

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.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

LOGI vs WES — Head-to-Head

Bigger by revenue
LOGI
LOGI
1.4× larger
LOGI
$1.4B
$1.0B
WES
Growing faster (revenue YoY)
WES
WES
+4.9% gap
WES
11.0%
6.1%
LOGI
Higher net margin
WES
WES
0.8% more per $
WES
18.5%
17.7%
LOGI
More free cash flow
LOGI
LOGI
$130.2M more FCF
LOGI
$465.6M
$335.4M
WES
Faster 2-yr revenue CAGR
LOGI
LOGI
Annualised
LOGI
18.5%
7.8%
WES

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LOGI
LOGI
WES
WES
Revenue
$1.4B
$1.0B
Net Profit
$251.0M
$190.7M
Gross Margin
43.2%
Operating Margin
20.1%
29.7%
Net Margin
17.7%
18.5%
Revenue YoY
6.1%
11.0%
Net Profit YoY
25.4%
-42.8%
EPS (diluted)
$1.69

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
WES
WES
Q4 25
$1.4B
$1.0B
Q3 25
$1.2B
$952.3M
Q2 25
$1.1B
$942.1M
Q1 25
$1.0B
$916.9M
Q4 24
$1.3B
$928.4M
Q3 24
$1.1B
$883.1M
Q2 24
$1.1B
$905.4M
Q1 24
$1.0B
$887.3M
Net Profit
LOGI
LOGI
WES
WES
Q4 25
$251.0M
$190.7M
Q3 25
$170.7M
$339.6M
Q2 25
$146.0M
$341.7M
Q1 25
$144.1M
$309.0M
Q4 24
$200.1M
$333.6M
Q3 24
$145.5M
$288.5M
Q2 24
$141.8M
$378.6M
Q1 24
$167.6M
$572.8M
Gross Margin
LOGI
LOGI
WES
WES
Q4 25
43.2%
Q3 25
43.4%
Q2 25
41.7%
Q1 25
43.1%
Q4 24
42.9%
Q3 24
43.6%
Q2 24
42.8%
Q1 24
43.2%
Operating Margin
LOGI
LOGI
WES
WES
Q4 25
20.1%
29.7%
Q3 25
16.1%
46.4%
Q2 25
14.1%
47.2%
Q1 25
10.5%
44.7%
Q4 24
17.5%
45.9%
Q3 24
14.4%
44.8%
Q2 24
14.1%
51.9%
Q1 24
12.9%
76.6%
Net Margin
LOGI
LOGI
WES
WES
Q4 25
17.7%
18.5%
Q3 25
14.4%
35.7%
Q2 25
12.7%
36.3%
Q1 25
14.3%
33.7%
Q4 24
14.9%
35.9%
Q3 24
13.0%
32.7%
Q2 24
13.0%
41.8%
Q1 24
16.6%
64.6%
EPS (diluted)
LOGI
LOGI
WES
WES
Q4 25
$1.69
Q3 25
$1.15
Q2 25
$0.98
Q1 25
$0.94
Q4 24
$1.32
Q3 24
$0.95
Q2 24
$0.92
Q1 24
$1.07

Balance Sheet & Financial Strength

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

Metric
LOGI
LOGI
WES
WES
Cash + ST InvestmentsLiquidity on hand
$1.8B
$819.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$2.3B
Total Assets
$4.1B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOGI
LOGI
WES
WES
Q4 25
$1.8B
$819.5M
Q3 25
$1.4B
$177.3M
Q2 25
$1.5B
$129.7M
Q1 25
$1.5B
$448.4M
Q4 24
$1.5B
$1.1B
Q3 24
$1.4B
$1.1B
Q2 24
$1.5B
$344.1M
Q1 24
$1.5B
$295.2M
Total Debt
LOGI
LOGI
WES
WES
Q4 25
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Q1 24
$7.3B
Stockholders' Equity
LOGI
LOGI
WES
WES
Q4 25
$2.3B
Q3 25
$2.1B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.2B
Q1 24
$2.2B
Total Assets
LOGI
LOGI
WES
WES
Q4 25
$4.1B
$15.0B
Q3 25
$3.7B
$12.1B
Q2 25
$3.7B
$12.2B
Q1 25
$3.5B
$12.5B
Q4 24
$3.7B
$13.1B
Q3 24
$3.6B
$13.0B
Q2 24
$3.7B
$12.2B
Q1 24
$3.6B
$12.3B

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
WES
WES
Operating Cash FlowLast quarter
$480.5M
$557.6M
Free Cash FlowOCF − Capex
$465.6M
$335.4M
FCF MarginFCF / Revenue
32.8%
32.6%
Capex IntensityCapex / Revenue
1.0%
21.6%
Cash ConversionOCF / Net Profit
1.91×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$903.6M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOGI
LOGI
WES
WES
Q4 25
$480.5M
$557.6M
Q3 25
$228.8M
$570.2M
Q2 25
$125.0M
$564.0M
Q1 25
$129.7M
$530.8M
Q4 24
$370.9M
$554.4M
Q3 24
$166.0M
$551.3M
Q2 24
$176.0M
$631.4M
Q1 24
$239.1M
$399.7M
Free Cash Flow
LOGI
LOGI
WES
WES
Q4 25
$465.6M
$335.4M
Q3 25
$212.3M
$385.5M
Q2 25
$108.8M
$385.4M
Q1 25
$116.9M
$388.4M
Q4 24
$356.6M
$315.7M
Q3 24
$151.5M
$361.9M
Q2 24
$161.4M
$419.6M
Q1 24
$228.8M
$205.9M
FCF Margin
LOGI
LOGI
WES
WES
Q4 25
32.8%
32.6%
Q3 25
17.9%
40.5%
Q2 25
9.5%
40.9%
Q1 25
11.6%
42.4%
Q4 24
26.6%
34.0%
Q3 24
13.6%
41.0%
Q2 24
14.8%
46.3%
Q1 24
22.6%
23.2%
Capex Intensity
LOGI
LOGI
WES
WES
Q4 25
1.0%
21.6%
Q3 25
1.4%
19.4%
Q2 25
1.4%
19.0%
Q1 25
1.3%
15.5%
Q4 24
1.1%
25.7%
Q3 24
1.3%
21.5%
Q2 24
1.3%
23.4%
Q1 24
1.0%
21.8%
Cash Conversion
LOGI
LOGI
WES
WES
Q4 25
1.91×
2.92×
Q3 25
1.34×
1.68×
Q2 25
0.86×
1.65×
Q1 25
0.90×
1.72×
Q4 24
1.85×
1.66×
Q3 24
1.14×
1.91×
Q2 24
1.24×
1.67×
Q1 24
1.43×
0.70×

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%

WES
WES

Segment breakdown not available.

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