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第一太阳能（FSLR）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第一太阳能的1.4倍（$1.4B vs $1.0B），第一太阳能净利率更高（33.2% vs 17.7%，领先15.5%），第一太阳能同比增速更快（23.6% vs 6.1%），过去两年罗技的营收复合增速更高（18.5% vs 1.7%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
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。
FSLR vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.4倍
$1.0B
营收增速更快
FSLR
高出17.6%
6.1%
净利率更高
FSLR
高出15.5%
17.7%
两年增速更快
LOGI
近两年复合增速
1.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $346.6M | $251.0M |
| 毛利率 | 46.6% | 43.2% |
| 营业利润率 | 33.1% | 20.1% |
| 净利率 | 33.2% | 17.7% |
| 营收同比 | 23.6% | 6.1% |
| 净利润同比 | 65.4% | 25.4% |
| 每股收益（稀释后） | $3.22 | $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FSLRLOGI
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $844.6M | $1.0B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $887.7M | $1.1B | ||
| Q2 24 | $1.0B | $1.1B |
净利润FSLRLOGI
| Q1 26 | $346.6M | — | ||
| Q4 25 | $520.9M | $251.0M | ||
| Q3 25 | $455.9M | $170.7M | ||
| Q2 25 | $341.9M | $146.0M | ||
| Q1 25 | $209.5M | $144.1M | ||
| Q4 24 | $393.1M | $200.1M | ||
| Q3 24 | $313.0M | $145.5M | ||
| Q2 24 | $349.4M | $141.8M |
毛利率FSLRLOGI
| Q1 26 | 46.6% | — | ||
| Q4 25 | 39.5% | 43.2% | ||
| Q3 25 | 38.3% | 43.4% | ||
| Q2 25 | 45.6% | 41.7% | ||
| Q1 25 | 40.8% | 43.1% | ||
| Q4 24 | 37.5% | 42.9% | ||
| Q3 24 | 50.2% | 43.6% | ||
| Q2 24 | 49.4% | 42.8% |
营业利润率FSLRLOGI
| Q1 26 | 33.1% | — | ||
| Q4 25 | 32.6% | 20.1% | ||
| Q3 25 | 29.2% | 16.1% | ||
| Q2 25 | 33.0% | 14.1% | ||
| Q1 25 | 26.2% | 10.5% | ||
| Q4 24 | 30.2% | 17.5% | ||
| Q3 24 | 36.3% | 14.4% | ||
| Q2 24 | 36.9% | 14.1% |
净利率FSLRLOGI
| Q1 26 | 33.2% | — | ||
| Q4 25 | 31.0% | 17.7% | ||
| Q3 25 | 28.6% | 14.4% | ||
| Q2 25 | 31.2% | 12.7% | ||
| Q1 25 | 24.8% | 14.3% | ||
| Q4 24 | 26.0% | 14.9% | ||
| Q3 24 | 35.3% | 13.0% | ||
| Q2 24 | 34.6% | 13.0% |
每股收益（稀释后）FSLRLOGI
| Q1 26 | $3.22 | — | ||
| Q4 25 | $4.84 | $1.69 | ||
| Q3 25 | $4.24 | $1.15 | ||
| Q2 25 | $3.18 | $0.98 | ||
| Q1 25 | $1.95 | $0.94 | ||
| Q4 24 | $3.66 | $1.32 | ||
| Q3 24 | $2.91 | $0.95 | ||
| Q2 24 | $3.25 | $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 | $2.4B | $1.8B |
| 总债务越低越好 | $425.8M | — |
| 股东权益账面价值 | $9.9B | $2.3B |
| 总资产 | $13.4B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资FSLRLOGI
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.8B | $1.8B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $837.6M | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.7B | $1.5B |
总债务FSLRLOGI
| Q1 26 | $425.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FSLRLOGI
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.5B | $2.3B | ||
| Q3 25 | $9.0B | $2.1B | ||
| Q2 25 | $8.5B | $2.2B | ||
| Q1 25 | $8.2B | $2.1B | ||
| Q4 24 | $8.0B | $2.1B | ||
| Q3 24 | $7.6B | $2.1B | ||
| Q2 24 | $7.3B | $2.2B |
总资产FSLRLOGI
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.3B | $4.1B | ||
| Q3 25 | $13.5B | $3.7B | ||
| Q2 25 | $12.9B | $3.7B | ||
| Q1 25 | $12.1B | $3.5B | ||
| Q4 24 | $12.1B | $3.7B | ||
| Q3 24 | $11.4B | $3.6B | ||
| Q2 24 | $11.0B | $3.7B |
负债/权益比FSLRLOGI
| Q1 26 | 0.04× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-214.9M | $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 | -0.62× | 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FSLRLOGI
| Q1 26 | $-214.9M | — | ||
| Q4 25 | $1.2B | $480.5M | ||
| Q3 25 | $1.3B | $228.8M | ||
| Q2 25 | $149.6M | $125.0M | ||
| Q1 25 | $-608.0M | $129.7M | ||
| Q4 24 | $811.0M | $370.9M | ||
| Q3 24 | $-53.7M | $166.0M | ||
| Q2 24 | $193.0M | $176.0M |
自由现金流FSLRLOGI
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $465.6M | ||
| Q3 25 | $1.1B | $212.3M | ||
| Q2 25 | $-138.6M | $108.8M | ||
| Q1 25 | $-813.9M | $116.9M | ||
| Q4 24 | $497.5M | $356.6M | ||
| Q3 24 | $-487.7M | $151.5M | ||
| Q2 24 | $-172.1M | $161.4M |
自由现金流率FSLRLOGI
| Q1 26 | — | — | ||
| Q4 25 | 63.6% | 32.8% | ||
| Q3 25 | 67.1% | 17.9% | ||
| Q2 25 | -12.6% | 9.5% | ||
| Q1 25 | -96.4% | 11.6% | ||
| Q4 24 | 32.9% | 26.6% | ||
| Q3 24 | -54.9% | 13.6% | ||
| Q2 24 | -17.0% | 14.8% |
资本支出强度FSLRLOGI
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 1.0% | ||
| Q3 25 | 12.8% | 1.4% | ||
| Q2 25 | 26.3% | 1.4% | ||
| Q1 25 | 24.4% | 1.3% | ||
| Q4 24 | 20.7% | 1.1% | ||
| Q3 24 | 48.9% | 1.3% | ||
| Q2 24 | 36.1% | 1.3% |
现金转化率FSLRLOGI
| Q1 26 | -0.62× | — | ||
| Q4 25 | 2.38× | 1.91× | ||
| Q3 25 | 2.79× | 1.34× | ||
| Q2 25 | 0.44× | 0.86× | ||
| Q1 25 | -2.90× | 0.90× | ||
| Q4 24 | 2.06× | 1.85× | ||
| Q3 24 | -0.17× | 1.14× | ||
| Q2 24 | 0.55× | 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
FSLR
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% |
