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KeyCorp（KEY）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是罗技的1.4倍（$2.0B vs $1.4B），KeyCorp净利率更高（25.4% vs 17.7%，领先7.8%），KeyCorp同比增速更快（131.8% vs 6.1%），KeyCorp自由现金流更多（$2.1B vs $465.6M），过去两年罗技的营收复合增速更高（18.5% vs 14.4%）
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
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。
KEY vs LOGI — 直观对比
营收规模更大
KEY
是对方的1.4倍
$1.4B
营收增速更快
KEY
高出125.7%
6.1%
净利率更高
KEY
高出7.8%
17.7%
自由现金流更多
KEY
多$1.6B
$465.6M
两年增速更快
LOGI
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.4B |
| 净利润 | $510.0M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 32.3% | 20.1% |
| 净利率 | 25.4% | 17.7% |
| 营收同比 | 131.8% | 6.1% |
| 净利润同比 | 309.0% | 25.4% |
| 每股收益（稀释后） | $0.43 | $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KEYLOGI
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $865.0M | $1.3B | ||
| Q3 24 | $695.0M | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.0B |
净利润KEYLOGI
| Q4 25 | $510.0M | $251.0M | ||
| Q3 25 | $489.0M | $170.7M | ||
| Q2 25 | $425.0M | $146.0M | ||
| Q1 25 | $405.0M | $144.1M | ||
| Q4 24 | $-244.0M | $200.1M | ||
| Q3 24 | $-410.0M | $145.5M | ||
| Q2 24 | $274.0M | $141.8M | ||
| Q1 24 | $219.0M | $167.6M |
毛利率KEYLOGI
| 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KEYLOGI
| Q4 25 | 32.3% | 20.1% | ||
| Q3 25 | 31.8% | 16.1% | ||
| Q2 25 | 29.3% | 14.1% | ||
| Q1 25 | 29.0% | 10.5% | ||
| Q4 24 | -92.6% | 17.5% | ||
| Q3 24 | -72.8% | 14.4% | ||
| Q2 24 | 22.0% | 14.1% | ||
| Q1 24 | 18.1% | 12.9% |
净利率KEYLOGI
| Q4 25 | 25.4% | 17.7% | ||
| Q3 25 | 25.8% | 14.4% | ||
| Q2 25 | 23.1% | 12.7% | ||
| Q1 25 | 22.8% | 14.3% | ||
| Q4 24 | -54.7% | 14.9% | ||
| Q3 24 | -59.0% | 13.0% | ||
| Q2 24 | 18.0% | 13.0% | ||
| Q1 24 | 14.3% | 16.6% |
每股收益（稀释后）KEYLOGI
| Q4 25 | $0.43 | $1.69 | ||
| Q3 25 | $0.41 | $1.15 | ||
| Q2 25 | $0.35 | $0.98 | ||
| Q1 25 | $0.33 | $0.94 | ||
| Q4 24 | $-0.30 | $1.32 | ||
| Q3 24 | $-0.47 | $0.95 | ||
| Q2 24 | $0.25 | $0.92 | ||
| Q1 24 | $0.20 | $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 | $10.2B | $1.8B |
| 总债务越低越好 | $9.9B | — |
| 股东权益账面价值 | $20.4B | $2.3B |
| 总资产 | $184.4B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资KEYLOGI
| Q4 25 | $10.2B | $1.8B | ||
| Q3 25 | $13.3B | $1.4B | ||
| Q2 25 | $11.6B | $1.5B | ||
| Q1 25 | $15.3B | $1.5B | ||
| Q4 24 | $17.5B | $1.5B | ||
| Q3 24 | $22.8B | $1.4B | ||
| Q2 24 | $15.5B | $1.5B | ||
| Q1 24 | $13.2B | $1.5B |
总债务KEYLOGI
| Q4 25 | $9.9B | — | ||
| Q3 25 | $10.9B | — | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $12.1B | — | ||
| Q3 24 | $15.7B | — | ||
| Q2 24 | $16.9B | — | ||
| Q1 24 | $20.8B | — |
股东权益KEYLOGI
| Q4 25 | $20.4B | $2.3B | ||
| Q3 25 | $20.1B | $2.1B | ||
| Q2 25 | $19.5B | $2.2B | ||
| Q1 25 | $19.0B | $2.1B | ||
| Q4 24 | $18.2B | $2.1B | ||
| Q3 24 | $16.9B | $2.1B | ||
| Q2 24 | $14.8B | $2.2B | ||
| Q1 24 | $14.5B | $2.2B |
总资产KEYLOGI
| Q4 25 | $184.4B | $4.1B | ||
| Q3 25 | $187.4B | $3.7B | ||
| Q2 25 | $185.5B | $3.7B | ||
| Q1 25 | $188.7B | $3.5B | ||
| Q4 24 | $187.2B | $3.7B | ||
| Q3 24 | $189.8B | $3.6B | ||
| Q2 24 | $187.4B | $3.7B | ||
| Q1 24 | $187.5B | $3.6B |
负债/权益比KEYLOGI
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 1.14× | — | ||
| Q1 24 | 1.43× | — |
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 | $2.2B | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $2.1B | $465.6M |
| 自由现金流率自由现金流/营收 | 104.8% | 32.8% |
| 资本支出强度资本支出/营收 | 5.3% | 1.0% |
| 现金转化率经营现金流/净利润 | 4.33× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $3.5B | $903.6M |
8季度趋势，按日历期对齐
经营现金流KEYLOGI
| Q4 25 | $2.2B | $480.5M | ||
| Q3 25 | $396.0M | $228.8M | ||
| Q2 25 | $1.2B | $125.0M | ||
| Q1 25 | $-140.0M | $129.7M | ||
| Q4 24 | $664.0M | $370.9M | ||
| Q3 24 | $-1.2B | $166.0M | ||
| Q2 24 | $-217.0M | $176.0M | ||
| Q1 24 | $359.0M | $239.1M |
自由现金流KEYLOGI
| Q4 25 | $2.1B | $465.6M | ||
| Q3 25 | $367.0M | $212.3M | ||
| Q2 25 | $1.2B | $108.8M | ||
| Q1 25 | $-150.0M | $116.9M | ||
| Q4 24 | $599.0M | $356.6M | ||
| Q3 24 | $-1.2B | $151.5M | ||
| Q2 24 | $-230.0M | $161.4M | ||
| Q1 24 | $347.0M | $228.8M |
自由现金流率KEYLOGI
| Q4 25 | 104.8% | 32.8% | ||
| Q3 25 | 19.4% | 17.9% | ||
| Q2 25 | 65.8% | 9.5% | ||
| Q1 25 | -8.5% | 11.6% | ||
| Q4 24 | 69.2% | 26.6% | ||
| Q3 24 | -175.8% | 13.6% | ||
| Q2 24 | -15.1% | 14.8% | ||
| Q1 24 | 22.6% | 22.6% |
资本支出强度KEYLOGI
| Q4 25 | 5.3% | 1.0% | ||
| Q3 25 | 1.5% | 1.4% | ||
| Q2 25 | 1.3% | 1.4% | ||
| Q1 25 | 0.6% | 1.3% | ||
| Q4 24 | 7.5% | 1.1% | ||
| Q3 24 | 2.4% | 1.3% | ||
| Q2 24 | 0.9% | 1.3% | ||
| Q1 24 | 0.8% | 1.0% |
现金转化率KEYLOGI
| Q4 25 | 4.33× | 1.91× | ||
| Q3 25 | 0.81× | 1.34× | ||
| Q2 25 | 2.90× | 0.86× | ||
| Q1 25 | -0.35× | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | -0.79× | 1.24× | ||
| Q1 24 | 1.64× | 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
KEY
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% |
