vs
F5, Inc.（FFIV）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F5, Inc.的1.8倍（$1.4B vs $811.7M），F5, Inc.净利率更高（18.2% vs 17.7%，领先0.6%），F5, Inc.同比增速更快（11.0% vs 6.1%），过去两年罗技的营收复合增速更高（18.5% vs 8.0%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
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。
FFIV vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.8倍
$811.7M
营收增速更快
FFIV
高出5.0%
6.1%
净利率更高
FFIV
高出0.6%
17.7%
两年增速更快
LOGI
近两年复合增速
8.0%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $811.7M | $1.4B |
| 净利润 | $148.0M | $251.0M |
| 毛利率 | 81.4% | 43.2% |
| 营业利润率 | 22.1% | 20.1% |
| 净利率 | 18.2% | 17.7% |
| 营收同比 | 11.0% | 6.1% |
| 净利润同比 | 1.5% | 25.4% |
| 每股收益（稀释后） | $2.58 | $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FFIVLOGI
| Q1 26 | $811.7M | — | ||
| Q4 25 | $822.5M | $1.4B | ||
| Q3 25 | $810.1M | $1.2B | ||
| Q2 25 | $780.4M | $1.1B | ||
| Q1 25 | $731.1M | $1.0B | ||
| Q4 24 | $766.5M | $1.3B | ||
| Q3 24 | $746.7M | $1.1B | ||
| Q2 24 | $695.5M | $1.1B |
净利润FFIVLOGI
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $251.0M | ||
| Q3 25 | $190.5M | $170.7M | ||
| Q2 25 | $189.9M | $146.0M | ||
| Q1 25 | $145.5M | $144.1M | ||
| Q4 24 | $166.4M | $200.1M | ||
| Q3 24 | $165.3M | $145.5M | ||
| Q2 24 | $144.1M | $141.8M |
毛利率FFIVLOGI
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 43.2% | ||
| Q3 25 | 82.2% | 43.4% | ||
| Q2 25 | 81.0% | 41.7% | ||
| Q1 25 | 80.7% | 43.1% | ||
| Q4 24 | 81.7% | 42.9% | ||
| Q3 24 | 80.8% | 43.6% | ||
| Q2 24 | 80.4% | 42.8% |
营业利润率FFIVLOGI
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 20.1% | ||
| Q3 25 | 25.4% | 16.1% | ||
| Q2 25 | 25.2% | 14.1% | ||
| Q1 25 | 21.7% | 10.5% | ||
| Q4 24 | 26.8% | 17.5% | ||
| Q3 24 | 25.6% | 14.4% | ||
| Q2 24 | 23.4% | 14.1% |
净利率FFIVLOGI
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | 17.7% | ||
| Q3 25 | 23.5% | 14.4% | ||
| Q2 25 | 24.3% | 12.7% | ||
| Q1 25 | 19.9% | 14.3% | ||
| Q4 24 | 21.7% | 14.9% | ||
| Q3 24 | 22.1% | 13.0% | ||
| Q2 24 | 20.7% | 13.0% |
每股收益（稀释后）FFIVLOGI
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $1.69 | ||
| Q3 25 | $3.25 | $1.15 | ||
| Q2 25 | $3.25 | $0.98 | ||
| Q1 25 | $2.48 | $0.94 | ||
| Q4 24 | $2.82 | $1.32 | ||
| Q3 24 | $2.79 | $0.95 | ||
| Q2 24 | $2.44 | $0.92 |
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 | $1.4B | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $2.3B |
| 总资产 | $6.5B | $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FFIVLOGI
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $935.6M | $1.5B |
股东权益FFIVLOGI
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $2.3B | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $3.5B | $2.2B | ||
| Q1 25 | $3.3B | $2.1B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.0B | $2.2B |
总资产FFIVLOGI
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $4.1B | ||
| Q3 25 | $6.3B | $3.7B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $5.9B | $3.5B | ||
| Q4 24 | $5.9B | $3.7B | ||
| Q3 24 | $5.6B | $3.6B | ||
| Q2 24 | $5.4B | $3.7B |
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 | $525.1M | $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 | 3.55× | 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FFIVLOGI
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $480.5M | ||
| Q3 25 | $208.1M | $228.8M | ||
| Q2 25 | $282.2M | $125.0M | ||
| Q1 25 | $256.6M | $129.7M | ||
| Q4 24 | $202.8M | $370.9M | ||
| Q3 24 | $246.5M | $166.0M | ||
| Q2 24 | $159.0M | $176.0M |
自由现金流FFIVLOGI
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $465.6M | ||
| Q3 25 | $191.9M | $212.3M | ||
| Q2 25 | $273.7M | $108.8M | ||
| Q1 25 | $246.1M | $116.9M | ||
| Q4 24 | $194.7M | $356.6M | ||
| Q3 24 | $240.4M | $151.5M | ||
| Q2 24 | $153.1M | $161.4M |
自由现金流率FFIVLOGI
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | 32.8% | ||
| Q3 25 | 23.7% | 17.9% | ||
| Q2 25 | 35.1% | 9.5% | ||
| Q1 25 | 33.7% | 11.6% | ||
| Q4 24 | 25.4% | 26.6% | ||
| Q3 24 | 32.2% | 13.6% | ||
| Q2 24 | 22.0% | 14.8% |
资本支出强度FFIVLOGI
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.0% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 0.8% | 1.3% | ||
| Q2 24 | 0.8% | 1.3% |
现金转化率FFIVLOGI
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 1.91× | ||
| Q3 25 | 1.09× | 1.34× | ||
| Q2 25 | 1.49× | 0.86× | ||
| Q1 25 | 1.76× | 0.90× | ||
| Q4 24 | 1.22× | 1.85× | ||
| Q3 24 | 1.49× | 1.14× | ||
| Q2 24 | 1.10× | 1.24× |
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
FFIV
暂无分部数据
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% |
