vs
Bally's Corp（BALY）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Bally's Corp的1.9倍（$1.4B vs $746.2M），罗技净利率更高（17.7% vs -47.3%，领先65.0%），Bally's Corp同比增速更快（28.6% vs 6.1%），过去两年罗技的营收复合增速更高（18.5% vs 9.8%）
巴利公司是总部位于美国罗德岛州普罗维登斯的博彩、体育投注与互动娱乐企业。目前该公司在美国11个州运营19家赌场，在科罗拉多州拥有一座赛马场，在纽约州拥有一座高尔夫球场，同时在全美14个州开展线上体育投注业务，还通过子公司在澳大利亚两个州运营两处产业。
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。
BALY vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.9倍
$746.2M
营收增速更快
BALY
高出22.5%
6.1%
净利率更高
LOGI
高出65.0%
-47.3%
两年增速更快
LOGI
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $746.2M | $1.4B |
| 净利润 | $-353.2M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | -36.8% | 20.1% |
| 净利率 | -47.3% | 17.7% |
| 营收同比 | 28.6% | 6.1% |
| 净利润同比 | -311.8% | 25.4% |
| 每股收益（稀释后） | $-5.84 | $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BALYLOGI
| Q4 25 | $746.2M | $1.4B | ||
| Q3 25 | $663.7M | $1.2B | ||
| Q2 25 | $657.5M | $1.1B | ||
| Q1 25 | $368.7M | $1.0B | ||
| Q4 24 | $580.4M | $1.3B | ||
| Q3 24 | $630.0M | $1.1B | ||
| Q2 24 | $621.7M | $1.1B | ||
| Q1 24 | $618.5M | $1.0B |
净利润BALYLOGI
| Q4 25 | $-353.2M | $251.0M | ||
| Q3 25 | $-102.9M | $170.7M | ||
| Q2 25 | $-228.4M | $146.0M | ||
| Q1 25 | $34.5M | $144.1M | ||
| Q4 24 | $-85.8M | $200.1M | ||
| Q3 24 | $-247.9M | $145.5M | ||
| Q2 24 | $-60.2M | $141.8M | ||
| Q1 24 | $-173.9M | $167.6M |
毛利率BALYLOGI
| 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BALYLOGI
| Q4 25 | -36.8% | 20.1% | ||
| Q3 25 | 0.1% | 16.1% | ||
| Q2 25 | -0.4% | 14.1% | ||
| Q1 25 | -0.5% | 10.5% | ||
| Q4 24 | -5.6% | 17.5% | ||
| Q3 24 | -25.0% | 14.4% | ||
| Q2 24 | 0.9% | 14.1% | ||
| Q1 24 | -12.0% | 12.9% |
净利率BALYLOGI
| Q4 25 | -47.3% | 17.7% | ||
| Q3 25 | -15.5% | 14.4% | ||
| Q2 25 | -34.7% | 12.7% | ||
| Q1 25 | 9.4% | 14.3% | ||
| Q4 24 | -14.8% | 14.9% | ||
| Q3 24 | -39.3% | 13.0% | ||
| Q2 24 | -9.7% | 13.0% | ||
| Q1 24 | -28.1% | 16.6% |
每股收益（稀释后）BALYLOGI
| Q4 25 | $-5.84 | $1.69 | ||
| Q3 25 | $-1.70 | $1.15 | ||
| Q2 25 | $-3.76 | $0.98 | ||
| Q1 25 | $0.57 | $0.94 | ||
| Q4 24 | $-1.76 | $1.32 | ||
| Q3 24 | $-5.10 | $0.95 | ||
| Q2 24 | $-1.24 | $0.92 | ||
| Q1 24 | $-3.61 | $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 | $798.4M | $1.8B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $994.7M | $2.3B |
| 总资产 | $11.2B | $4.1B |
| 负债/权益比越低杠杆越低 | 4.52× | — |
8季度趋势，按日历期对齐
现金及短期投资BALYLOGI
| Q4 25 | $798.4M | $1.8B | ||
| Q3 25 | $160.7M | $1.4B | ||
| Q2 25 | $174.6M | $1.5B | ||
| Q1 25 | $209.7M | $1.5B | ||
| Q4 24 | $171.2M | $1.5B | ||
| Q3 24 | $191.0M | $1.4B | ||
| Q2 24 | $154.7M | $1.5B | ||
| Q1 24 | $169.4M | $1.5B |
总债务BALYLOGI
| Q4 25 | $4.5B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
股东权益BALYLOGI
| Q4 25 | $994.7M | $2.3B | ||
| Q3 25 | $521.5M | $2.1B | ||
| Q2 25 | $630.1M | $2.2B | ||
| Q1 25 | $796.5M | $2.1B | ||
| Q4 24 | $30.9M | $2.1B | ||
| Q3 24 | $233.4M | $2.1B | ||
| Q2 24 | $393.1M | $2.2B | ||
| Q1 24 | $449.4M | $2.2B |
总资产BALYLOGI
| Q4 25 | $11.2B | $4.1B | ||
| Q3 25 | $7.6B | $3.7B | ||
| Q2 25 | $7.8B | $3.7B | ||
| Q1 25 | $7.5B | $3.5B | ||
| Q4 24 | $5.9B | $3.7B | ||
| Q3 24 | $6.4B | $3.6B | ||
| Q2 24 | $6.6B | $3.7B | ||
| Q1 24 | $6.6B | $3.6B |
负债/权益比BALYLOGI
| Q4 25 | 4.52× | — | ||
| Q3 25 | 7.17× | — | ||
| Q2 25 | 5.68× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 107.40× | — | ||
| Q3 24 | 15.73× | — | ||
| Q2 24 | 9.34× | — | ||
| Q1 24 | 8.19× | — |
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 | — | $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 | 5.1% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 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BALYLOGI
| Q4 25 | — | $480.5M | ||
| Q3 25 | $-88.6M | $228.8M | ||
| Q2 25 | — | $125.0M | ||
| Q1 25 | $42.0M | $129.7M | ||
| Q4 24 | $37.8M | $370.9M | ||
| Q3 24 | $36.5M | $166.0M | ||
| Q2 24 | $47.6M | $176.0M | ||
| Q1 24 | $-7.9M | $239.1M |
自由现金流BALYLOGI
| Q4 25 | — | $465.6M | ||
| Q3 25 | $-139.3M | $212.3M | ||
| Q2 25 | — | $108.8M | ||
| Q1 25 | $11.5M | $116.9M | ||
| Q4 24 | $-5.9M | $356.6M | ||
| Q3 24 | $-55.8M | $151.5M | ||
| Q2 24 | $11.8M | $161.4M | ||
| Q1 24 | $-35.9M | $228.8M |
自由现金流率BALYLOGI
| Q4 25 | — | 32.8% | ||
| Q3 25 | -21.0% | 17.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | 3.1% | 11.6% | ||
| Q4 24 | -1.0% | 26.6% | ||
| Q3 24 | -8.9% | 13.6% | ||
| Q2 24 | 1.9% | 14.8% | ||
| Q1 24 | -5.8% | 22.6% |
资本支出强度BALYLOGI
| Q4 25 | 5.1% | 1.0% | ||
| Q3 25 | 7.6% | 1.4% | ||
| Q2 25 | 7.4% | 1.4% | ||
| Q1 25 | 8.3% | 1.3% | ||
| Q4 24 | 7.5% | 1.1% | ||
| Q3 24 | 14.7% | 1.3% | ||
| Q2 24 | 5.7% | 1.3% | ||
| Q1 24 | 4.5% | 1.0% |
现金转化率BALYLOGI
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | 1.22× | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 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
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
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% |
