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诺唯真游轮控股（LINE）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诺唯真游轮控股的1.0倍（$1.4B vs $1.4B），罗技净利率更高（17.7% vs -7.3%，领先24.9%），罗技同比增速更快（6.1% vs 3.1%），罗技自由现金流更多（$465.6M vs $35.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
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。
LINE vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.0倍
$1.4B
营收增速更快
LOGI
高出2.9%
3.1%
净利率更高
LOGI
高出24.9%
-7.3%
自由现金流更多
LOGI
多$430.6M
$35.0M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $-100.0M | $251.0M |
| 毛利率 | 32.3% | 43.2% |
| 营业利润率 | 2.5% | 20.1% |
| 净利率 | -7.3% | 17.7% |
| 营收同比 | 3.1% | 6.1% |
| 净利润同比 | 79.4% | 25.4% |
| 每股收益（稀释后） | $-0.44 | $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LINELOGI
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
净利润LINELOGI
| Q4 25 | — | $251.0M | ||
| Q3 25 | $-100.0M | $170.7M | ||
| Q2 25 | $-6.0M | $146.0M | ||
| Q1 25 | $0 | $144.1M | ||
| Q4 24 | $-71.0M | $200.1M | ||
| Q3 24 | $-485.0M | $145.5M | ||
| Q2 24 | $-68.0M | $141.8M | ||
| Q1 24 | $-40.0M | $167.6M |
毛利率LINELOGI
| Q4 25 | — | 43.2% | ||
| Q3 25 | 32.3% | 43.4% | ||
| Q2 25 | 31.9% | 41.7% | ||
| Q1 25 | 32.2% | 43.1% | ||
| Q4 24 | 32.3% | 42.9% | ||
| Q3 24 | 32.8% | 43.6% | ||
| Q2 24 | 33.4% | 42.8% | ||
| Q1 24 | 33.4% | 43.2% |
营业利润率LINELOGI
| Q4 25 | — | 20.1% | ||
| Q3 25 | 2.5% | 16.1% | ||
| Q2 25 | 1.7% | 14.1% | ||
| Q1 25 | 4.3% | 10.5% | ||
| Q4 24 | -1.6% | 17.5% | ||
| Q3 24 | -38.6% | 14.4% | ||
| Q2 24 | 5.5% | 14.1% | ||
| Q1 24 | 7.6% | 12.9% |
净利率LINELOGI
| Q4 25 | — | 17.7% | ||
| Q3 25 | -7.3% | 14.4% | ||
| Q2 25 | -0.4% | 12.7% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -5.3% | 14.9% | ||
| Q3 24 | -36.3% | 13.0% | ||
| Q2 24 | -5.1% | 13.0% | ||
| Q1 24 | -3.0% | 16.6% |
每股收益（稀释后）LINELOGI
| Q4 25 | — | $1.69 | ||
| Q3 25 | $-0.44 | $1.15 | ||
| Q2 25 | $-0.03 | $0.98 | ||
| Q1 25 | $0.01 | $0.94 | ||
| Q4 24 | $-0.52 | $1.32 | ||
| Q3 24 | $-2.44 | $0.95 | ||
| Q2 24 | $-0.46 | $0.92 | ||
| Q1 24 | $-0.28 | $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 | — | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.4B | $2.3B |
| 总资产 | $19.2B | $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LINELOGI
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $173.0M | $1.5B | ||
| Q3 24 | $409.0M | $1.4B | ||
| Q2 24 | $73.0M | $1.5B | ||
| Q1 24 | — | $1.5B |
股东权益LINELOGI
| Q4 25 | — | $2.3B | ||
| Q3 25 | $8.4B | $2.1B | ||
| Q2 25 | $8.6B | $2.2B | ||
| Q1 25 | $8.6B | $2.1B | ||
| Q4 24 | $8.6B | $2.1B | ||
| Q3 24 | $9.0B | $2.1B | ||
| Q2 24 | $4.9B | $2.2B | ||
| Q1 24 | $5.6B | $2.2B |
总资产LINELOGI
| Q4 25 | — | $4.1B | ||
| Q3 25 | $19.2B | $3.7B | ||
| Q2 25 | $19.4B | $3.7B | ||
| Q1 25 | $18.8B | $3.5B | ||
| Q4 24 | $18.7B | $3.7B | ||
| Q3 24 | $19.3B | $3.6B | ||
| Q2 24 | $18.8B | $3.7B | ||
| Q1 24 | — | $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 | $230.0M | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $465.6M |
| 自由现金流率自由现金流/营收 | 2.5% | 32.8% |
| 资本支出强度资本支出/营收 | 14.2% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 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LINELOGI
| Q4 25 | — | $480.5M | ||
| Q3 25 | $230.0M | $228.8M | ||
| Q2 25 | $258.0M | $125.0M | ||
| Q1 25 | $139.0M | $129.7M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | $186.0M | $166.0M | ||
| Q2 24 | $155.0M | $176.0M | ||
| Q1 24 | $105.0M | $239.1M |
自由现金流LINELOGI
| Q4 25 | — | $465.6M | ||
| Q3 25 | $35.0M | $212.3M | ||
| Q2 25 | $95.0M | $108.8M | ||
| Q1 25 | $-12.0M | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | $33.0M | $151.5M | ||
| Q2 24 | $-31.0M | $161.4M | ||
| Q1 24 | $-42.0M | $228.8M |
自由现金流率LINELOGI
| Q4 25 | — | 32.8% | ||
| Q3 25 | 2.5% | 17.9% | ||
| Q2 25 | 7.0% | 9.5% | ||
| Q1 25 | -0.9% | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | 2.5% | 13.6% | ||
| Q2 24 | -2.3% | 14.8% | ||
| Q1 24 | -3.2% | 22.6% |
资本支出强度LINELOGI
| Q4 25 | — | 1.0% | ||
| Q3 25 | 14.2% | 1.4% | ||
| Q2 25 | 12.1% | 1.4% | ||
| Q1 25 | 11.7% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 11.5% | 1.3% | ||
| Q2 24 | 13.9% | 1.3% | ||
| Q1 24 | 11.1% | 1.0% |
现金转化率LINELOGI
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
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% |
