vs
CrowdStrike（CRWD）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CrowdStrike的1.2倍（$1.4B vs $1.2B），罗技净利率更高（17.7% vs -2.8%，领先20.4%），CrowdStrike同比增速更快（22.2% vs 6.1%），罗技自由现金流更多（$465.6M vs $314.1M），过去两年CrowdStrike的营收复合增速更高（20.8% vs 18.5%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
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。
CRWD vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.2倍
$1.2B
营收增速更快
CRWD
高出16.1%
6.1%
净利率更高
LOGI
高出20.4%
-2.8%
自由现金流更多
LOGI
多$151.5M
$314.1M
两年增速更快
CRWD
近两年复合增速
18.5%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-34.0M | $251.0M |
| 毛利率 | 75.1% | 43.2% |
| 营业利润率 | -5.6% | 20.1% |
| 净利率 | -2.8% | 17.7% |
| 营收同比 | 22.2% | 6.1% |
| 净利润同比 | -102.1% | 25.4% |
| 每股收益（稀释后） | $-0.14 | $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CRWDLOGI
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $963.9M | $1.1B | ||
| Q2 24 | $921.0M | $1.1B | ||
| Q1 24 | $845.3M | $1.0B |
净利润CRWDLOGI
| Q4 25 | $-34.0M | $251.0M | ||
| Q3 25 | $-77.7M | $170.7M | ||
| Q2 25 | $-110.2M | $146.0M | ||
| Q1 25 | $-92.3M | $144.1M | ||
| Q4 24 | $-16.8M | $200.1M | ||
| Q3 24 | $47.0M | $145.5M | ||
| Q2 24 | $42.8M | $141.8M | ||
| Q1 24 | $53.7M | $167.6M |
毛利率CRWDLOGI
| Q4 25 | 75.1% | 43.2% | ||
| Q3 25 | 73.5% | 43.4% | ||
| Q2 25 | 73.8% | 41.7% | ||
| Q1 25 | 74.1% | 43.1% | ||
| Q4 24 | 74.7% | 42.9% | ||
| Q3 24 | 75.4% | 43.6% | ||
| Q2 24 | 75.6% | 42.8% | ||
| Q1 24 | 75.3% | 43.2% |
营业利润率CRWDLOGI
| Q4 25 | -5.6% | 20.1% | ||
| Q3 25 | -9.7% | 16.1% | ||
| Q2 25 | -11.3% | 14.1% | ||
| Q1 25 | -8.1% | 10.5% | ||
| Q4 24 | -5.5% | 17.5% | ||
| Q3 24 | 1.4% | 14.4% | ||
| Q2 24 | 0.8% | 14.1% | ||
| Q1 24 | 3.5% | 12.9% |
净利率CRWDLOGI
| Q4 25 | -2.8% | 17.7% | ||
| Q3 25 | -6.6% | 14.4% | ||
| Q2 25 | -10.0% | 12.7% | ||
| Q1 25 | -8.7% | 14.3% | ||
| Q4 24 | -1.7% | 14.9% | ||
| Q3 24 | 4.9% | 13.0% | ||
| Q2 24 | 4.6% | 13.0% | ||
| Q1 24 | 6.4% | 16.6% |
每股收益（稀释后）CRWDLOGI
| Q4 25 | $-0.14 | $1.69 | ||
| Q3 25 | $-0.31 | $1.15 | ||
| Q2 25 | $-0.44 | $0.98 | ||
| Q1 25 | $-0.37 | $0.94 | ||
| Q4 24 | $-0.07 | $1.32 | ||
| Q3 24 | $0.19 | $0.95 | ||
| Q2 24 | $0.17 | $0.92 | ||
| Q1 24 | $0.23 | $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 | $4.8B | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $2.3B |
| 总资产 | $10.0B | $4.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CRWDLOGI
| Q4 25 | $4.8B | $1.8B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $4.6B | $1.5B | ||
| Q1 25 | $4.3B | $1.5B | ||
| Q4 24 | $4.3B | $1.5B | ||
| Q3 24 | $4.0B | $1.4B | ||
| Q2 24 | $3.7B | $1.5B | ||
| Q1 24 | $3.5B | $1.5B |
股东权益CRWDLOGI
| Q4 25 | $4.0B | $2.3B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.5B | $2.2B | ||
| Q1 25 | $3.3B | $2.1B | ||
| Q4 24 | $3.1B | $2.1B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $2.5B | $2.2B | ||
| Q1 24 | $2.3B | $2.2B |
总资产CRWDLOGI
| Q4 25 | $10.0B | $4.1B | ||
| Q3 25 | $9.3B | $3.7B | ||
| Q2 25 | $8.7B | $3.7B | ||
| Q1 25 | $8.7B | $3.5B | ||
| Q4 24 | $7.8B | $3.7B | ||
| Q3 24 | $7.2B | $3.6B | ||
| Q2 24 | $6.8B | $3.7B | ||
| Q1 24 | $6.6B | $3.6B |
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 | $397.5M | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $465.6M |
| 自由现金流率自由现金流/营收 | 25.5% | 32.8% |
| 资本支出强度资本支出/营收 | 6.8% | 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 | $1.2B | $903.6M |
8季度趋势，按日历期对齐
经营现金流CRWDLOGI
| Q4 25 | $397.5M | $480.5M | ||
| Q3 25 | $332.8M | $228.8M | ||
| Q2 25 | $384.1M | $125.0M | ||
| Q1 25 | $345.7M | $129.7M | ||
| Q4 24 | $326.1M | $370.9M | ||
| Q3 24 | $326.6M | $166.0M | ||
| Q2 24 | $383.2M | $176.0M | ||
| Q1 24 | $347.0M | $239.1M |
自由现金流CRWDLOGI
| Q4 25 | $314.1M | $465.6M | ||
| Q3 25 | $302.3M | $212.3M | ||
| Q2 25 | $298.4M | $108.8M | ||
| Q1 25 | $258.5M | $116.9M | ||
| Q4 24 | $247.4M | $356.6M | ||
| Q3 24 | $287.4M | $151.5M | ||
| Q2 24 | $333.5M | $161.4M | ||
| Q1 24 | $294.4M | $228.8M |
自由现金流率CRWDLOGI
| Q4 25 | 25.5% | 32.8% | ||
| Q3 25 | 25.9% | 17.9% | ||
| Q2 25 | 27.0% | 9.5% | ||
| Q1 25 | 24.4% | 11.6% | ||
| Q4 24 | 24.5% | 26.6% | ||
| Q3 24 | 29.8% | 13.6% | ||
| Q2 24 | 36.2% | 14.8% | ||
| Q1 24 | 34.8% | 22.6% |
资本支出强度CRWDLOGI
| Q4 25 | 6.8% | 1.0% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 7.8% | 1.4% | ||
| Q1 25 | 8.2% | 1.3% | ||
| Q4 24 | 7.8% | 1.1% | ||
| Q3 24 | 4.1% | 1.3% | ||
| Q2 24 | 5.4% | 1.3% | ||
| Q1 24 | 6.2% | 1.0% |
现金转化率CRWDLOGI
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | 6.95× | 1.14× | ||
| Q2 24 | 8.95× | 1.24× | ||
| Q1 24 | 6.46× | 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
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
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% |
