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阿普塔集团（ATR）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是阿普塔集团的1.5倍（$1.4B vs $962.7M），罗技净利率更高（17.7% vs 7.7%，领先9.9%），阿普塔集团同比增速更快（13.5% vs 6.1%），罗技自由现金流更多（$465.6M vs $96.9M），过去两年罗技的营收复合增速更高（18.5% vs 2.6%）
阿普塔集团（AptarGroup, Inc.）是总部位于美国的全球性制造企业，主营消费品分配包装产品及药物给药装置的研发与生产，目前在全球18个国家设有生产运营基地，服务医药、快消等多领域客户。
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。
ATR vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.5倍
$962.7M
营收增速更快
ATR
高出7.5%
6.1%
净利率更高
LOGI
高出9.9%
7.7%
自由现金流更多
LOGI
多$368.8M
$96.9M
两年增速更快
LOGI
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $962.7M | $1.4B |
| 净利润 | $74.3M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 11.0% | 20.1% |
| 净利率 | 7.7% | 17.7% |
| 营收同比 | 13.5% | 6.1% |
| 净利润同比 | -26.4% | 25.4% |
| 每股收益（稀释后） | $1.13 | $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ATRLOGI
| Q4 25 | $962.7M | $1.4B | ||
| Q3 25 | $961.1M | $1.2B | ||
| Q2 25 | $966.0M | $1.1B | ||
| Q1 25 | $887.3M | $1.0B | ||
| Q4 24 | $848.1M | $1.3B | ||
| Q3 24 | $909.3M | $1.1B | ||
| Q2 24 | $910.1M | $1.1B | ||
| Q1 24 | $915.4M | $1.0B |
净利润ATRLOGI
| Q4 25 | $74.3M | $251.0M | ||
| Q3 25 | $127.9M | $170.7M | ||
| Q2 25 | $111.7M | $146.0M | ||
| Q1 25 | $78.8M | $144.1M | ||
| Q4 24 | $100.9M | $200.1M | ||
| Q3 24 | $100.0M | $145.5M | ||
| Q2 24 | $90.5M | $141.8M | ||
| Q1 24 | $83.1M | $167.6M |
毛利率ATRLOGI
| 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ATRLOGI
| Q4 25 | 11.0% | 20.1% | ||
| Q3 25 | 14.2% | 16.1% | ||
| Q2 25 | 14.9% | 14.1% | ||
| Q1 25 | 12.8% | 10.5% | ||
| Q4 24 | 14.2% | 17.5% | ||
| Q3 24 | 15.2% | 14.4% | ||
| Q2 24 | 13.8% | 14.1% | ||
| Q1 24 | 12.2% | 12.9% |
净利率ATRLOGI
| Q4 25 | 7.7% | 17.7% | ||
| Q3 25 | 13.3% | 14.4% | ||
| Q2 25 | 11.6% | 12.7% | ||
| Q1 25 | 8.9% | 14.3% | ||
| Q4 24 | 11.9% | 14.9% | ||
| Q3 24 | 11.0% | 13.0% | ||
| Q2 24 | 9.9% | 13.0% | ||
| Q1 24 | 9.1% | 16.6% |
每股收益（稀释后）ATRLOGI
| Q4 25 | $1.13 | $1.69 | ||
| Q3 25 | $1.92 | $1.15 | ||
| Q2 25 | $1.67 | $0.98 | ||
| Q1 25 | $1.17 | $0.94 | ||
| Q4 24 | $1.48 | $1.32 | ||
| Q3 24 | $1.48 | $0.95 | ||
| Q2 24 | $1.34 | $0.92 | ||
| Q1 24 | $1.23 | $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 | $409.5M | $1.8B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $2.7B | $2.3B |
| 总资产 | $5.3B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资ATRLOGI
| Q4 25 | $409.5M | $1.8B | ||
| Q3 25 | $264.8M | $1.4B | ||
| Q2 25 | $169.8M | $1.5B | ||
| Q1 25 | $136.8M | $1.5B | ||
| Q4 24 | $226.2M | $1.5B | ||
| Q3 24 | $327.9M | $1.4B | ||
| Q2 24 | $223.9M | $1.5B | ||
| Q1 24 | $201.1M | $1.5B |
总债务ATRLOGI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $546.0M | — | ||
| Q2 25 | $535.1M | — | ||
| Q1 25 | $561.2M | — | ||
| Q4 24 | $688.1M | — | ||
| Q3 24 | $822.7M | — | ||
| Q2 24 | $681.5M | — | ||
| Q1 24 | $680.4M | — |
股东权益ATRLOGI
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $2.8B | $2.1B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.5B | $2.1B | ||
| Q4 24 | $2.5B | $2.1B | ||
| Q3 24 | $2.5B | $2.1B | ||
| Q2 24 | $2.4B | $2.2B | ||
| Q1 24 | $2.3B | $2.2B |
总资产ATRLOGI
| Q4 25 | $5.3B | $4.1B | ||
| Q3 25 | $5.1B | $3.7B | ||
| Q2 25 | $4.9B | $3.7B | ||
| Q1 25 | $4.5B | $3.5B | ||
| Q4 24 | $4.4B | $3.7B | ||
| Q3 24 | $4.6B | $3.6B | ||
| Q2 24 | $4.5B | $3.7B | ||
| Q1 24 | $4.4B | $3.6B |
负债/权益比ATRLOGI
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.28× | — | ||
| Q1 24 | 0.29× | — |
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 | $183.7M | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $96.9M | $465.6M |
| 自由现金流率自由现金流/营收 | 10.1% | 32.8% |
| 资本支出强度资本支出/营收 | 9.0% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.47× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $299.6M | $903.6M |
8季度趋势，按日历期对齐
经营现金流ATRLOGI
| Q4 25 | $183.7M | $480.5M | ||
| Q3 25 | $177.6M | $228.8M | ||
| Q2 25 | $126.0M | $125.0M | ||
| Q1 25 | $82.7M | $129.7M | ||
| Q4 24 | $178.2M | $370.9M | ||
| Q3 24 | $229.3M | $166.0M | ||
| Q2 24 | $143.6M | $176.0M | ||
| Q1 24 | $92.3M | $239.1M |
自由现金流ATRLOGI
| Q4 25 | $96.9M | $465.6M | ||
| Q3 25 | $114.3M | $212.3M | ||
| Q2 25 | $62.5M | $108.8M | ||
| Q1 25 | $25.9M | $116.9M | ||
| Q4 24 | $112.2M | $356.6M | ||
| Q3 24 | $162.7M | $151.5M | ||
| Q2 24 | $75.4M | $161.4M | ||
| Q1 24 | $16.7M | $228.8M |
自由现金流率ATRLOGI
| Q4 25 | 10.1% | 32.8% | ||
| Q3 25 | 11.9% | 17.9% | ||
| Q2 25 | 6.5% | 9.5% | ||
| Q1 25 | 2.9% | 11.6% | ||
| Q4 24 | 13.2% | 26.6% | ||
| Q3 24 | 17.9% | 13.6% | ||
| Q2 24 | 8.3% | 14.8% | ||
| Q1 24 | 1.8% | 22.6% |
资本支出强度ATRLOGI
| Q4 25 | 9.0% | 1.0% | ||
| Q3 25 | 6.6% | 1.4% | ||
| Q2 25 | 6.6% | 1.4% | ||
| Q1 25 | 6.4% | 1.3% | ||
| Q4 24 | 7.8% | 1.1% | ||
| Q3 24 | 7.3% | 1.3% | ||
| Q2 24 | 7.5% | 1.3% | ||
| Q1 24 | 8.3% | 1.0% |
现金转化率ATRLOGI
| Q4 25 | 2.47× | 1.91× | ||
| Q3 25 | 1.39× | 1.34× | ||
| Q2 25 | 1.13× | 0.86× | ||
| Q1 25 | 1.05× | 0.90× | ||
| Q4 24 | 1.77× | 1.85× | ||
| Q3 24 | 2.29× | 1.14× | ||
| Q2 24 | 1.59× | 1.24× | ||
| Q1 24 | 1.11× | 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
ATR
| Pharma Segment | $833.1M | 87% |
| Other | $129.6M | 13% |
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% |
