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李维斯（LEVI）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
李维斯的季度营收约是罗技的1.2倍（$1.8B vs $1.4B），罗技净利率更高（17.7% vs 8.9%，领先8.7%），罗技同比增速更快（6.1% vs -4.0%），罗技自由现金流更多（$465.6M vs $215.7M），过去两年罗技的营收复合增速更高（18.5% vs 6.5%）
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
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。
LEVI vs LOGI — 直观对比
营收规模更大
LEVI
是对方的1.2倍
$1.4B
营收增速更快
LOGI
高出10.1%
-4.0%
净利率更高
LOGI
高出8.7%
8.9%
自由现金流更多
LOGI
多$249.9M
$215.7M
两年增速更快
LOGI
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $158.0M | $251.0M |
| 毛利率 | 60.8% | 43.2% |
| 营业利润率 | 11.9% | 20.1% |
| 净利率 | 8.9% | 17.7% |
| 营收同比 | -4.0% | 6.1% |
| 净利润同比 | -13.4% | 25.4% |
| 每股收益（稀释后） | $0.39 | $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LEVILOGI
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.6B | $1.0B |
净利润LEVILOGI
| Q4 25 | $158.0M | $251.0M | ||
| Q3 25 | $218.1M | $170.7M | ||
| Q2 25 | $67.0M | $146.0M | ||
| Q1 25 | $135.0M | $144.1M | ||
| Q4 24 | $182.5M | $200.1M | ||
| Q3 24 | $20.7M | $145.5M | ||
| Q2 24 | $18.0M | $141.8M | ||
| Q1 24 | $-10.6M | $167.6M |
毛利率LEVILOGI
| Q4 25 | 60.8% | 43.2% | ||
| Q3 25 | 61.7% | 43.4% | ||
| Q2 25 | 62.6% | 41.7% | ||
| Q1 25 | 62.1% | 43.1% | ||
| Q4 24 | 61.3% | 42.9% | ||
| Q3 24 | 60.0% | 43.6% | ||
| Q2 24 | 60.5% | 42.8% | ||
| Q1 24 | 58.2% | 43.2% |
营业利润率LEVILOGI
| Q4 25 | 11.9% | 20.1% | ||
| Q3 25 | 10.8% | 16.1% | ||
| Q2 25 | 7.5% | 14.1% | ||
| Q1 25 | 12.5% | 10.5% | ||
| Q4 24 | 11.5% | 17.5% | ||
| Q3 24 | 2.0% | 14.4% | ||
| Q2 24 | 1.5% | 14.1% | ||
| Q1 24 | -0.0% | 12.9% |
净利率LEVILOGI
| Q4 25 | 8.9% | 17.7% | ||
| Q3 25 | 14.1% | 14.4% | ||
| Q2 25 | 4.6% | 12.7% | ||
| Q1 25 | 8.8% | 14.3% | ||
| Q4 24 | 9.9% | 14.9% | ||
| Q3 24 | 1.4% | 13.0% | ||
| Q2 24 | 1.2% | 13.0% | ||
| Q1 24 | -0.7% | 16.6% |
每股收益（稀释后）LEVILOGI
| Q4 25 | $0.39 | $1.69 | ||
| Q3 25 | $0.55 | $1.15 | ||
| Q2 25 | $0.17 | $0.98 | ||
| Q1 25 | $0.34 | $0.94 | ||
| Q4 24 | $0.46 | $1.32 | ||
| Q3 24 | $0.05 | $0.95 | ||
| Q2 24 | $0.04 | $0.92 | ||
| Q1 24 | $-0.03 | $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 | $848.8M | $1.8B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $2.3B | $2.3B |
| 总资产 | $6.8B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资LEVILOGI
| Q4 25 | $848.8M | $1.8B | ||
| Q3 25 | $707.5M | $1.4B | ||
| Q2 25 | $736.7M | $1.5B | ||
| Q1 25 | $574.4M | $1.5B | ||
| Q4 24 | $690.0M | $1.5B | ||
| Q3 24 | $577.1M | $1.4B | ||
| Q2 24 | $641.4M | $1.5B | ||
| Q1 24 | $516.7M | $1.5B |
总债务LEVILOGI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $987.4M | — | ||
| Q4 24 | $994.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益LEVILOGI
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $1.9B | $2.1B | ||
| Q2 24 | $2.0B | $2.2B | ||
| Q1 24 | $2.0B | $2.2B |
总资产LEVILOGI
| Q4 25 | $6.8B | $4.1B | ||
| Q3 25 | $6.7B | $3.7B | ||
| Q2 25 | $6.5B | $3.7B | ||
| Q1 25 | $6.2B | $3.5B | ||
| Q4 24 | $6.4B | $3.7B | ||
| Q3 24 | $6.3B | $3.6B | ||
| Q2 24 | $6.2B | $3.7B | ||
| Q1 24 | $6.0B | $3.6B |
负债/权益比LEVILOGI
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.51× | — |
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 | $266.8M | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $465.6M |
| 自由现金流率自由现金流/营收 | 12.2% | 32.8% |
| 资本支出强度资本支出/营收 | 2.9% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.69× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $308.2M | $903.6M |
8季度趋势，按日历期对齐
经营现金流LEVILOGI
| Q4 25 | $266.8M | $480.5M | ||
| Q3 25 | $24.8M | $228.8M | ||
| Q2 25 | $185.5M | $125.0M | ||
| Q1 25 | $52.5M | $129.7M | ||
| Q4 24 | $297.3M | $370.9M | ||
| Q3 24 | $52.3M | $166.0M | ||
| Q2 24 | $262.8M | $176.0M | ||
| Q1 24 | $286.0M | $239.1M |
自由现金流LEVILOGI
| Q4 25 | $215.7M | $465.6M | ||
| Q3 25 | $-39.4M | $212.3M | ||
| Q2 25 | $146.0M | $108.8M | ||
| Q1 25 | $-14.1M | $116.9M | ||
| Q4 24 | $231.6M | $356.6M | ||
| Q3 24 | $2.3M | $151.5M | ||
| Q2 24 | $222.6M | $161.4M | ||
| Q1 24 | $214.4M | $228.8M |
自由现金流率LEVILOGI
| Q4 25 | 12.2% | 32.8% | ||
| Q3 25 | -2.6% | 17.9% | ||
| Q2 25 | 10.1% | 9.5% | ||
| Q1 25 | -0.9% | 11.6% | ||
| Q4 24 | 12.6% | 26.6% | ||
| Q3 24 | 0.2% | 13.6% | ||
| Q2 24 | 15.4% | 14.8% | ||
| Q1 24 | 13.8% | 22.6% |
资本支出强度LEVILOGI
| Q4 25 | 2.9% | 1.0% | ||
| Q3 25 | 4.2% | 1.4% | ||
| Q2 25 | 2.7% | 1.4% | ||
| Q1 25 | 4.4% | 1.3% | ||
| Q4 24 | 3.6% | 1.1% | ||
| Q3 24 | 3.3% | 1.3% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | 4.6% | 1.0% |
现金转化率LEVILOGI
| Q4 25 | 1.69× | 1.91× | ||
| Q3 25 | 0.11× | 1.34× | ||
| Q2 25 | 2.77× | 0.86× | ||
| Q1 25 | 0.39× | 0.90× | ||
| Q4 24 | 1.63× | 1.85× | ||
| Q3 24 | 2.53× | 1.14× | ||
| Q2 24 | 14.60× | 1.24× | ||
| Q1 24 | — | 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
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
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% |
