vs
Fabrinet（FN）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Fabrinet的1.3倍（$1.4B vs $1.1B），罗技净利率更高（17.7% vs 9.9%，领先7.7%），Fabrinet同比增速更快（35.9% vs 6.1%），罗技自由现金流更多（$465.6M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 18.5%）
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
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。
FN vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.3倍
$1.1B
营收增速更快
FN
高出29.8%
6.1%
净利率更高
LOGI
高出7.7%
9.9%
自由现金流更多
LOGI
多$471.0M
$-5.3M
两年增速更快
FN
近两年复合增速
18.5%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $112.6M | $251.0M |
| 毛利率 | 12.2% | 43.2% |
| 营业利润率 | 10.1% | 20.1% |
| 净利率 | 9.9% | 17.7% |
| 营收同比 | 35.9% | 6.1% |
| 净利润同比 | 30.0% | 25.4% |
| 每股收益（稀释后） | $3.11 | $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FNLOGI
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $978.1M | $1.2B | ||
| Q2 25 | $909.7M | $1.1B | ||
| Q1 25 | $871.8M | $1.0B | ||
| Q4 24 | $833.6M | $1.3B | ||
| Q3 24 | $804.2M | $1.1B | ||
| Q2 24 | $753.3M | $1.1B | ||
| Q1 24 | $731.5M | $1.0B |
净利润FNLOGI
| Q4 25 | $112.6M | $251.0M | ||
| Q3 25 | $95.9M | $170.7M | ||
| Q2 25 | $87.2M | $146.0M | ||
| Q1 25 | $81.3M | $144.1M | ||
| Q4 24 | $86.6M | $200.1M | ||
| Q3 24 | $77.4M | $145.5M | ||
| Q2 24 | $81.1M | $141.8M | ||
| Q1 24 | $80.9M | $167.6M |
毛利率FNLOGI
| Q4 25 | 12.2% | 43.2% | ||
| Q3 25 | 11.9% | 43.4% | ||
| Q2 25 | 12.2% | 41.7% | ||
| Q1 25 | 11.7% | 43.1% | ||
| Q4 24 | 12.1% | 42.9% | ||
| Q3 24 | 12.3% | 43.6% | ||
| Q2 24 | 12.3% | 42.8% | ||
| Q1 24 | 12.4% | 43.2% |
营业利润率FNLOGI
| Q4 25 | 10.1% | 20.1% | ||
| Q3 25 | 9.6% | 16.1% | ||
| Q2 25 | 9.8% | 14.1% | ||
| Q1 25 | 9.0% | 10.5% | ||
| Q4 24 | 9.5% | 17.5% | ||
| Q3 24 | 9.6% | 14.4% | ||
| Q2 24 | 9.7% | 14.1% | ||
| Q1 24 | 9.7% | 12.9% |
净利率FNLOGI
| Q4 25 | 9.9% | 17.7% | ||
| Q3 25 | 9.8% | 14.4% | ||
| Q2 25 | 9.6% | 12.7% | ||
| Q1 25 | 9.3% | 14.3% | ||
| Q4 24 | 10.4% | 14.9% | ||
| Q3 24 | 9.6% | 13.0% | ||
| Q2 24 | 10.8% | 13.0% | ||
| Q1 24 | 11.1% | 16.6% |
每股收益（稀释后）FNLOGI
| Q4 25 | $3.11 | $1.69 | ||
| Q3 25 | $2.66 | $1.15 | ||
| Q2 25 | $2.41 | $0.98 | ||
| Q1 25 | $2.25 | $0.94 | ||
| Q4 24 | $2.38 | $1.32 | ||
| Q3 24 | $2.13 | $0.95 | ||
| Q2 24 | $2.22 | $0.92 | ||
| Q1 24 | $2.21 | $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 | $960.8M | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $2.3B |
| 总资产 | $3.3B | $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FNLOGI
| Q4 25 | $960.8M | $1.8B | ||
| Q3 25 | $968.8M | $1.4B | ||
| Q2 25 | $934.2M | $1.5B | ||
| Q1 25 | $950.7M | $1.5B | ||
| Q4 24 | $934.6M | $1.5B | ||
| Q3 24 | $908.9M | $1.4B | ||
| Q2 24 | $858.6M | $1.5B | ||
| Q1 24 | $794.0M | $1.5B |
股东权益FNLOGI
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.2B | ||
| Q1 24 | $1.7B | $2.2B |
总资产FNLOGI
| Q4 25 | $3.3B | $4.1B | ||
| Q3 25 | $3.0B | $3.7B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.5B | $3.7B | ||
| Q3 24 | $2.4B | $3.6B | ||
| Q2 24 | $2.3B | $3.7B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $465.6M |
| 自由现金流率自由现金流/营收 | -0.5% | 32.8% |
| 资本支出强度资本支出/营收 | 4.6% | 1.0% |
| 现金转化率经营现金流/净利润 | 0.41× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $903.6M |
8季度趋势，按日历期对齐
经营现金流FNLOGI
| Q4 25 | $46.3M | $480.5M | ||
| Q3 25 | $102.6M | $228.8M | ||
| Q2 25 | $55.1M | $125.0M | ||
| Q1 25 | $74.2M | $129.7M | ||
| Q4 24 | $115.9M | $370.9M | ||
| Q3 24 | $83.2M | $166.0M | ||
| Q2 24 | $83.1M | $176.0M | ||
| Q1 24 | $100.9M | $239.1M |
自由现金流FNLOGI
| Q4 25 | $-5.3M | $465.6M | ||
| Q3 25 | $57.3M | $212.3M | ||
| Q2 25 | $4.7M | $108.8M | ||
| Q1 25 | $45.7M | $116.9M | ||
| Q4 24 | $94.0M | $356.6M | ||
| Q3 24 | $62.9M | $151.5M | ||
| Q2 24 | $70.4M | $161.4M | ||
| Q1 24 | $87.3M | $228.8M |
自由现金流率FNLOGI
| Q4 25 | -0.5% | 32.8% | ||
| Q3 25 | 5.9% | 17.9% | ||
| Q2 25 | 0.5% | 9.5% | ||
| Q1 25 | 5.2% | 11.6% | ||
| Q4 24 | 11.3% | 26.6% | ||
| Q3 24 | 7.8% | 13.6% | ||
| Q2 24 | 9.3% | 14.8% | ||
| Q1 24 | 11.9% | 22.6% |
资本支出强度FNLOGI
| Q4 25 | 4.6% | 1.0% | ||
| Q3 25 | 4.6% | 1.4% | ||
| Q2 25 | 5.5% | 1.4% | ||
| Q1 25 | 3.3% | 1.3% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 2.5% | 1.3% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 1.9% | 1.0% |
现金转化率FNLOGI
| Q4 25 | 0.41× | 1.91× | ||
| Q3 25 | 1.07× | 1.34× | ||
| Q2 25 | 0.63× | 0.86× | ||
| Q1 25 | 0.91× | 0.90× | ||
| Q4 24 | 1.34× | 1.85× | ||
| Q3 24 | 1.07× | 1.14× | ||
| Q2 24 | 1.02× | 1.24× | ||
| Q1 24 | 1.25× | 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
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
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% |
