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Side-by-side financial comparison of LOGITECH INTERNATIONAL S.A. (LOGI) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.1× LOGITECH INTERNATIONAL S.A.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs 4.5%, a 13.1% gap on every dollar of revenue. On growth, LOGITECH INTERNATIONAL S.A. posted the faster year-over-year revenue change (6.1% vs -10.0%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $388.5M). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% CAGR vs 0.4%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
LOGI vs WSO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.6B |
| Net Profit | $251.0M | $71.7M |
| Gross Margin | 43.2% | 27.1% |
| Operating Margin | 20.1% | 6.4% |
| Net Margin | 17.7% | 4.5% |
| Revenue YoY | 6.1% | -10.0% |
| Net Profit YoY | 25.4% | -25.9% |
| EPS (diluted) | $1.69 | $1.82 |
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.
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.0B | $1.6B |
| Q4 25 | $251.0M | $71.7M | ||
| Q3 25 | $170.7M | $161.6M | ||
| Q2 25 | $146.0M | $183.6M | ||
| Q1 25 | $144.1M | $80.1M | ||
| Q4 24 | $200.1M | $96.8M | ||
| Q3 24 | $145.5M | $171.0M | ||
| Q2 24 | $141.8M | $181.4M | ||
| Q1 24 | $167.6M | $87.0M |
| Q4 25 | 43.2% | 27.1% | ||
| Q3 25 | 43.4% | 27.5% | ||
| Q2 25 | 41.7% | 29.3% | ||
| Q1 25 | 43.1% | 28.1% | ||
| Q4 24 | 42.9% | 26.7% | ||
| Q3 24 | 43.6% | 26.2% | ||
| Q2 24 | 42.8% | 27.1% | ||
| Q1 24 | 43.2% | 27.5% |
| Q4 25 | 20.1% | 6.4% | ||
| Q3 25 | 16.1% | 11.4% | ||
| Q2 25 | 14.1% | 13.2% | ||
| Q1 25 | 10.5% | 7.3% | ||
| Q4 24 | 17.5% | 7.8% | ||
| Q3 24 | 14.4% | 11.6% | ||
| Q2 24 | 14.1% | 12.6% | ||
| Q1 24 | 12.9% | 8.1% |
| Q4 25 | 17.7% | 4.5% | ||
| Q3 25 | 14.4% | 7.8% | ||
| Q2 25 | 12.7% | 8.9% | ||
| Q1 25 | 14.3% | 5.2% | ||
| Q4 24 | 14.9% | 5.5% | ||
| Q3 24 | 13.0% | 7.9% | ||
| Q2 24 | 13.0% | 8.5% | ||
| Q1 24 | 16.6% | 5.6% |
| Q4 25 | $1.69 | $1.82 | ||
| Q3 25 | $1.15 | $3.98 | ||
| Q2 25 | $0.98 | $4.52 | ||
| Q1 25 | $0.94 | $1.93 | ||
| Q4 24 | $1.32 | $2.42 | ||
| Q3 24 | $0.95 | $4.22 | ||
| Q2 24 | $0.92 | $4.49 | ||
| Q1 24 | $1.07 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $733.3M |
| Total DebtLower is stronger | — | $361.6M |
| Stockholders' EquityBook value | $2.3B | $2.8B |
| Total Assets | $4.1B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $733.3M | ||
| Q3 25 | $1.4B | $524.3M | ||
| Q2 25 | $1.5B | $293.0M | ||
| Q1 25 | $1.5B | $431.8M | ||
| Q4 24 | $1.5B | $781.9M | ||
| Q3 24 | $1.4B | $550.0M | ||
| Q2 24 | $1.5B | $424.9M | ||
| Q1 24 | $1.5B | $478.9M |
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.1B | $2.8B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.1B | $2.7B | ||
| Q2 24 | $2.2B | $2.6B | ||
| Q1 24 | $2.2B | $2.5B |
| Q4 25 | $4.1B | $4.4B | ||
| Q3 25 | $3.7B | $4.6B | ||
| Q2 25 | $3.7B | $4.7B | ||
| Q1 25 | $3.5B | $4.5B | ||
| Q4 24 | $3.7B | $4.5B | ||
| Q3 24 | $3.6B | $4.5B | ||
| Q2 24 | $3.7B | $4.4B | ||
| Q1 24 | $3.6B | $4.4B |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $480.5M | $399.8M |
| Free Cash FlowOCF − Capex | $465.6M | $388.5M |
| FCF MarginFCF / Revenue | 32.8% | 24.6% |
| Capex IntensityCapex / Revenue | 1.0% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.91× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $903.6M | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $480.5M | $399.8M | ||
| Q3 25 | $228.8M | $354.9M | ||
| Q2 25 | $125.0M | $-7.4M | ||
| Q1 25 | $129.7M | $-177.6M | ||
| Q4 24 | $370.9M | $378.9M | ||
| Q3 24 | $166.0M | $232.8M | ||
| Q2 24 | $176.0M | $57.7M | ||
| Q1 24 | $239.1M | $103.7M |
| Q4 25 | $465.6M | $388.5M | ||
| Q3 25 | $212.3M | $346.1M | ||
| Q2 25 | $108.8M | $-14.3M | ||
| Q1 25 | $116.9M | $-185.2M | ||
| Q4 24 | $356.6M | $370.9M | ||
| Q3 24 | $151.5M | $223.0M | ||
| Q2 24 | $161.4M | $51.3M | ||
| Q1 24 | $228.8M | $97.9M |
| Q4 25 | 32.8% | 24.6% | ||
| Q3 25 | 17.9% | 16.7% | ||
| Q2 25 | 9.5% | -0.7% | ||
| Q1 25 | 11.6% | -12.1% | ||
| Q4 24 | 26.6% | 21.1% | ||
| Q3 24 | 13.6% | 10.3% | ||
| Q2 24 | 14.8% | 2.4% | ||
| Q1 24 | 22.6% | 6.3% |
| Q4 25 | 1.0% | 0.7% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 1.3% | 0.5% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 1.3% | 0.5% | ||
| Q2 24 | 1.3% | 0.3% | ||
| Q1 24 | 1.0% | 0.4% |
| Q4 25 | 1.91× | 5.57× | ||
| Q3 25 | 1.34× | 2.20× | ||
| Q2 25 | 0.86× | -0.04× | ||
| Q1 25 | 0.90× | -2.22× | ||
| Q4 24 | 1.85× | 3.91× | ||
| Q3 24 | 1.14× | 1.36× | ||
| Q2 24 | 1.24× | 0.32× | ||
| Q1 24 | 1.43× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
WSO
Segment breakdown not available.
