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西联汇款（AFG）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是罗技的1.5倍（$2.1B vs $1.4B），罗技净利率更高（17.7% vs 14.5%，领先3.2%），罗技同比增速更快（6.1% vs -4.0%），过去两年罗技的营收复合增速更高（18.5% vs 4.0%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
AFG vs LOGI — 直观对比
营收规模更大
AFG
是对方的1.5倍
$1.4B
营收增速更快
LOGI
高出10.1%
-4.0%
净利率更高
LOGI
高出3.2%
14.5%
两年增速更快
LOGI
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $299.0M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 18.4% | 20.1% |
| 净利率 | 14.5% | 17.7% |
| 营收同比 | -4.0% | 6.1% |
| 净利润同比 | 17.3% | 25.4% |
| 每股收益（稀释后） | $3.59 | $1.69 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AFGLOGI
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.9B | $1.0B |
净利润AFGLOGI
| Q4 25 | $299.0M | $251.0M | ||
| Q3 25 | $215.0M | $170.7M | ||
| Q2 25 | $174.0M | $146.0M | ||
| Q1 25 | $154.0M | $144.1M | ||
| Q4 24 | $255.0M | $200.1M | ||
| Q3 24 | $181.0M | $145.5M | ||
| Q2 24 | $209.0M | $141.8M | ||
| Q1 24 | $242.0M | $167.6M |
毛利率AFGLOGI
| 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% |
营业利润率AFGLOGI
| Q4 25 | 18.4% | 20.1% | ||
| Q3 25 | 11.5% | 16.1% | ||
| Q2 25 | 11.9% | 14.1% | ||
| Q1 25 | 10.6% | 10.5% | ||
| Q4 24 | 14.9% | 17.5% | ||
| Q3 24 | 9.7% | 14.4% | ||
| Q2 24 | 14.3% | 14.1% | ||
| Q1 24 | 15.9% | 12.9% |
净利率AFGLOGI
| Q4 25 | 14.5% | 17.7% | ||
| Q3 25 | 9.2% | 14.4% | ||
| Q2 25 | 9.0% | 12.7% | ||
| Q1 25 | 8.3% | 14.3% | ||
| Q4 24 | 11.9% | 14.9% | ||
| Q3 24 | 7.6% | 13.0% | ||
| Q2 24 | 11.0% | 13.0% | ||
| Q1 24 | 12.7% | 16.6% |
每股收益（稀释后）AFGLOGI
| Q4 25 | $3.59 | $1.69 | ||
| Q3 25 | $2.58 | $1.15 | ||
| Q2 25 | $2.07 | $0.98 | ||
| Q1 25 | $1.84 | $0.94 | ||
| Q4 24 | $3.03 | $1.32 | ||
| Q3 24 | $2.16 | $0.95 | ||
| Q2 24 | $2.49 | $0.92 | ||
| Q1 24 | $2.89 | $1.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.7B | $1.8B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $4.8B | $2.3B |
| 总资产 | $32.6B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资AFGLOGI
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
总债务AFGLOGI
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益AFGLOGI
| Q4 25 | $4.8B | $2.3B | ||
| Q3 25 | $4.7B | $2.1B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.4B | $2.1B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $4.7B | $2.1B | ||
| Q2 24 | $4.4B | $2.2B | ||
| Q1 24 | $4.2B | $2.2B |
总资产AFGLOGI
| Q4 25 | $32.6B | $4.1B | ||
| Q3 25 | $33.8B | $3.7B | ||
| Q2 25 | $30.7B | $3.7B | ||
| Q1 25 | $30.3B | $3.5B | ||
| Q4 24 | $30.8B | $3.7B | ||
| Q3 24 | $32.6B | $3.6B | ||
| Q2 24 | $29.9B | $3.7B | ||
| Q1 24 | $30.0B | $3.6B |
负债/权益比AFGLOGI
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $784.0M | $480.5M |
| 自由现金流经营现金流 - 资本支出 | — | $465.6M |
| 自由现金流率自由现金流/营收 | — | 32.8% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 2.62× | 1.91× |
| 过去12个月自由现金流最近4个季度 | — | $903.6M |
8季度趋势，按日历期对齐
经营现金流AFGLOGI
| Q4 25 | $784.0M | $480.5M | ||
| Q3 25 | $216.0M | $228.8M | ||
| Q2 25 | $191.0M | $125.0M | ||
| Q1 25 | $342.0M | $129.7M | ||
| Q4 24 | $674.0M | $370.9M | ||
| Q3 24 | $459.0M | $166.0M | ||
| Q2 24 | $-88.0M | $176.0M | ||
| Q1 24 | $107.0M | $239.1M |
自由现金流AFGLOGI
| 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 |
自由现金流率AFGLOGI
| 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% |
资本支出强度AFGLOGI
| 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% |
现金转化率AFGLOGI
| Q4 25 | 2.62× | 1.91× | ||
| Q3 25 | 1.00× | 1.34× | ||
| Q2 25 | 1.10× | 0.86× | ||
| Q1 25 | 2.22× | 0.90× | ||
| Q4 24 | 2.64× | 1.85× | ||
| Q3 24 | 2.54× | 1.14× | ||
| Q2 24 | -0.42× | 1.24× | ||
| Q1 24 | 0.44× | 1.43× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
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% |
