vs
骏利亨德森集团（JHG）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骏利亨德森集团的1.2倍（$1.4B vs $1.1B），骏利亨德森集团净利率更高（35.3% vs 17.7%，领先17.6%），骏利亨德森集团同比增速更快（61.3% vs 6.1%），罗技自由现金流更多（$465.6M vs $320.4M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 18.5%）
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
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。
JHG vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.2倍
$1.1B
营收增速更快
JHG
高出55.2%
6.1%
净利率更高
JHG
高出17.6%
17.7%
自由现金流更多
LOGI
多$145.2M
$320.4M
两年增速更快
JHG
近两年复合增速
18.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $403.2M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 42.7% | 20.1% |
| 净利率 | 35.3% | 17.7% |
| 营收同比 | 61.3% | 6.1% |
| 净利润同比 | 231.0% | 25.4% |
| 每股收益（稀释后） | $2.59 | $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JHGLOGI
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $700.4M | $1.2B | ||
| Q2 25 | $633.2M | $1.1B | ||
| Q1 25 | $621.4M | $1.0B | ||
| Q4 24 | $708.3M | $1.3B | ||
| Q3 24 | $624.8M | $1.1B | ||
| Q2 24 | $588.4M | $1.1B | ||
| Q1 24 | $551.7M | $1.0B |
净利润JHGLOGI
| Q4 25 | $403.2M | $251.0M | ||
| Q3 25 | $142.1M | $170.7M | ||
| Q2 25 | $149.9M | $146.0M | ||
| Q1 25 | $120.7M | $144.1M | ||
| Q4 24 | $121.8M | $200.1M | ||
| Q3 24 | $27.3M | $145.5M | ||
| Q2 24 | $129.7M | $141.8M | ||
| Q1 24 | $130.1M | $167.6M |
毛利率JHGLOGI
| 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JHGLOGI
| Q4 25 | 42.7% | 20.1% | ||
| Q3 25 | 24.6% | 16.1% | ||
| Q2 25 | 25.9% | 14.1% | ||
| Q1 25 | 24.7% | 10.5% | ||
| Q4 24 | 27.9% | 17.5% | ||
| Q3 24 | 26.4% | 14.4% | ||
| Q2 24 | 27.9% | 14.1% | ||
| Q1 24 | 21.6% | 12.9% |
净利率JHGLOGI
| Q4 25 | 35.3% | 17.7% | ||
| Q3 25 | 20.3% | 14.4% | ||
| Q2 25 | 23.7% | 12.7% | ||
| Q1 25 | 19.4% | 14.3% | ||
| Q4 24 | 17.2% | 14.9% | ||
| Q3 24 | 4.4% | 13.0% | ||
| Q2 24 | 22.0% | 13.0% | ||
| Q1 24 | 23.6% | 16.6% |
每股收益（稀释后）JHGLOGI
| Q4 25 | $2.59 | $1.69 | ||
| Q3 25 | $0.92 | $1.15 | ||
| Q2 25 | $0.95 | $0.98 | ||
| Q1 25 | $0.77 | $0.94 | ||
| Q4 24 | $0.77 | $1.32 | ||
| Q3 24 | $0.17 | $0.95 | ||
| Q2 24 | $0.81 | $0.92 | ||
| Q1 24 | $0.81 | $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 | $1.6B | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.1B | $2.3B |
| 总资产 | $8.3B | $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JHGLOGI
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
股东权益JHGLOGI
| Q4 25 | $5.1B | $2.3B | ||
| Q3 25 | $4.8B | $2.1B | ||
| Q2 25 | $4.8B | $2.2B | ||
| Q1 25 | $4.7B | $2.1B | ||
| Q4 24 | $4.6B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $2.2B | ||
| Q1 24 | $4.4B | $2.2B |
总资产JHGLOGI
| Q4 25 | $8.3B | $4.1B | ||
| Q3 25 | $7.6B | $3.7B | ||
| Q2 25 | $7.5B | $3.7B | ||
| Q1 25 | $7.1B | $3.5B | ||
| Q4 24 | $7.0B | $3.7B | ||
| Q3 24 | $7.3B | $3.6B | ||
| Q2 24 | $6.4B | $3.7B | ||
| Q1 24 | $6.3B | $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 | $322.7M | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $465.6M |
| 自由现金流率自由现金流/营收 | 28.0% | 32.8% |
| 资本支出强度资本支出/营收 | 0.2% | 1.0% |
| 现金转化率经营现金流/净利润 | 0.80× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $710.9M | $903.6M |
8季度趋势，按日历期对齐
经营现金流JHGLOGI
| Q4 25 | $322.7M | $480.5M | ||
| Q3 25 | $258.8M | $228.8M | ||
| Q2 25 | $135.2M | $125.0M | ||
| Q1 25 | $2.8M | $129.7M | ||
| Q4 24 | $247.3M | $370.9M | ||
| Q3 24 | $228.5M | $166.0M | ||
| Q2 24 | $223.8M | $176.0M | ||
| Q1 24 | $-5.0M | $239.1M |
自由现金流JHGLOGI
| Q4 25 | $320.4M | $465.6M | ||
| Q3 25 | $256.4M | $212.3M | ||
| Q2 25 | $133.2M | $108.8M | ||
| Q1 25 | $900.0K | $116.9M | ||
| Q4 24 | $243.5M | $356.6M | ||
| Q3 24 | $225.9M | $151.5M | ||
| Q2 24 | $221.9M | $161.4M | ||
| Q1 24 | $-6.8M | $228.8M |
自由现金流率JHGLOGI
| Q4 25 | 28.0% | 32.8% | ||
| Q3 25 | 36.6% | 17.9% | ||
| Q2 25 | 21.0% | 9.5% | ||
| Q1 25 | 0.1% | 11.6% | ||
| Q4 24 | 34.4% | 26.6% | ||
| Q3 24 | 36.2% | 13.6% | ||
| Q2 24 | 37.7% | 14.8% | ||
| Q1 24 | -1.2% | 22.6% |
资本支出强度JHGLOGI
| Q4 25 | 0.2% | 1.0% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.3% | 1.4% | ||
| Q1 25 | 0.3% | 1.3% | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | 0.3% | 1.0% |
现金转化率JHGLOGI
| Q4 25 | 0.80× | 1.91× | ||
| Q3 25 | 1.82× | 1.34× | ||
| Q2 25 | 0.90× | 0.86× | ||
| Q1 25 | 0.02× | 0.90× | ||
| Q4 24 | 2.03× | 1.85× | ||
| Q3 24 | 8.37× | 1.14× | ||
| Q2 24 | 1.73× | 1.24× | ||
| Q1 24 | -0.04× | 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
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
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% |
