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罗技（LOGI）与Life Time Group Holdings, Inc.（LTH）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Life Time Group Holdings, Inc.的1.8倍（$1.4B vs $788.7M），罗技净利率更高（17.7% vs 11.2%，领先6.5%），Life Time Group Holdings, Inc.同比增速更快（11.7% vs 6.1%），罗技自由现金流更多（$465.6M vs $-61.2M），过去两年罗技的营收复合增速更高（18.5% vs 8.7%）
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。
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
LOGI vs LTH — 直观对比
营收规模更大
LOGI
是对方的1.8倍
$788.7M
营收增速更快
LTH
高出5.6%
6.1%
净利率更高
LOGI
高出6.5%
11.2%
自由现金流更多
LOGI
多$526.9M
$-61.2M
两年增速更快
LOGI
近两年复合增速
8.7%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $788.7M |
| 净利润 | $251.0M | $88.1M |
| 毛利率 | 43.2% | — |
| 营业利润率 | 20.1% | 17.1% |
| 净利率 | 17.7% | 11.2% |
| 营收同比 | 6.1% | 11.7% |
| 净利润同比 | 25.4% | 15.8% |
| 每股收益（稀释后） | $1.69 | $0.39 |
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LOGILTH
| Q1 26 | — | $788.7M | ||
| Q4 25 | $1.4B | $745.1M | ||
| Q3 25 | $1.2B | $782.6M | ||
| Q2 25 | $1.1B | $761.5M | ||
| Q1 25 | $1.0B | $706.0M | ||
| Q4 24 | $1.3B | $663.3M | ||
| Q3 24 | $1.1B | $693.2M | ||
| Q2 24 | $1.1B | $667.8M |
净利润LOGILTH
| Q1 26 | — | $88.1M | ||
| Q4 25 | $251.0M | $123.0M | ||
| Q3 25 | $170.7M | $102.4M | ||
| Q2 25 | $146.0M | $72.1M | ||
| Q1 25 | $144.1M | $76.1M | ||
| Q4 24 | $200.1M | $37.2M | ||
| Q3 24 | $145.5M | $41.4M | ||
| Q2 24 | $141.8M | $52.8M |
毛利率LOGILTH
| Q1 26 | — | — | ||
| Q4 25 | 43.2% | 49.1% | ||
| Q3 25 | 43.4% | 47.1% | ||
| Q2 25 | 41.7% | 47.0% | ||
| Q1 25 | 43.1% | 47.5% | ||
| Q4 24 | 42.9% | 48.2% | ||
| Q3 24 | 43.6% | 46.5% | ||
| Q2 24 | 42.8% | 46.8% |
营业利润率LOGILTH
| Q1 26 | — | 17.1% | ||
| Q4 25 | 20.1% | 17.4% | ||
| Q3 25 | 16.1% | 17.3% | ||
| Q2 25 | 14.1% | 14.2% | ||
| Q1 25 | 10.5% | 15.2% | ||
| Q4 24 | 17.5% | 13.1% | ||
| Q3 24 | 14.4% | 13.5% | ||
| Q2 24 | 14.1% | 15.7% |
净利率LOGILTH
| Q1 26 | — | 11.2% | ||
| Q4 25 | 17.7% | 16.5% | ||
| Q3 25 | 14.4% | 13.1% | ||
| Q2 25 | 12.7% | 9.5% | ||
| Q1 25 | 14.3% | 10.8% | ||
| Q4 24 | 14.9% | 5.6% | ||
| Q3 24 | 13.0% | 6.0% | ||
| Q2 24 | 13.0% | 7.9% |
每股收益（稀释后）LOGILTH
| Q1 26 | — | $0.39 | ||
| Q4 25 | $1.69 | $0.55 | ||
| Q3 25 | $1.15 | $0.45 | ||
| Q2 25 | $0.98 | $0.32 | ||
| Q1 25 | $0.94 | $0.34 | ||
| Q4 24 | $1.32 | $0.17 | ||
| Q3 24 | $0.95 | $0.19 | ||
| Q2 24 | $0.92 | $0.26 |
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 | $120.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $2.3B | $3.2B |
| 总资产 | $4.1B | $8.1B |
| 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LOGILTH
| Q1 26 | — | $120.0M | ||
| Q4 25 | $1.8B | $204.8M | ||
| Q3 25 | $1.4B | $218.9M | ||
| Q2 25 | $1.5B | $175.5M | ||
| Q1 25 | $1.5B | $59.0M | ||
| Q4 24 | $1.5B | $10.9M | ||
| Q3 24 | $1.4B | $120.9M | ||
| Q2 24 | $1.5B | $34.5M |
总债务LOGILTH
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B |
股东权益LOGILTH
| Q1 26 | — | $3.2B | ||
| Q4 25 | $2.3B | $3.1B | ||
| Q3 25 | $2.1B | $3.0B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.1B | $2.6B | ||
| Q3 24 | $2.1B | $2.6B | ||
| Q2 24 | $2.2B | $2.4B |
总资产LOGILTH
| Q1 26 | — | $8.1B | ||
| Q4 25 | $4.1B | $8.0B | ||
| Q3 25 | $3.7B | $7.8B | ||
| Q2 25 | $3.7B | $7.6B | ||
| Q1 25 | $3.5B | $7.3B | ||
| Q4 24 | $3.7B | $7.2B | ||
| Q3 24 | $3.6B | $7.2B | ||
| Q2 24 | $3.7B | $7.1B |
负债/权益比LOGILTH
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.78× |
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 | $480.5M | $198.8M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $-61.2M |
| 自由现金流率自由现金流/营收 | 32.8% | -7.8% |
| 资本支出强度资本支出/营收 | 1.0% | 26.0% |
| 现金转化率经营现金流/净利润 | 1.91× | 2.26× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $-123.6M |
8季度趋势，按日历期对齐
经营现金流LOGILTH
| Q1 26 | — | $198.8M | ||
| Q4 25 | $480.5M | $239.9M | ||
| Q3 25 | $228.8M | $251.1M | ||
| Q2 25 | $125.0M | $195.7M | ||
| Q1 25 | $129.7M | $183.9M | ||
| Q4 24 | $370.9M | $163.1M | ||
| Q3 24 | $166.0M | $151.1M | ||
| Q2 24 | $176.0M | $170.4M |
自由现金流LOGILTH
| Q1 26 | — | $-61.2M | ||
| Q4 25 | $465.6M | $-64.6M | ||
| Q3 25 | $212.3M | $28.6M | ||
| Q2 25 | $108.8M | $-26.3M | ||
| Q1 25 | $116.9M | $41.4M | ||
| Q4 24 | $356.6M | $26.8M | ||
| Q3 24 | $151.5M | $64.0M | ||
| Q2 24 | $161.4M | $26.1M |
自由现金流率LOGILTH
| Q1 26 | — | -7.8% | ||
| Q4 25 | 32.8% | -8.7% | ||
| Q3 25 | 17.9% | 3.7% | ||
| Q2 25 | 9.5% | -3.5% | ||
| Q1 25 | 11.6% | 5.9% | ||
| Q4 24 | 26.6% | 4.0% | ||
| Q3 24 | 13.6% | 9.2% | ||
| Q2 24 | 14.8% | 3.9% |
资本支出强度LOGILTH
| Q1 26 | — | 26.0% | ||
| Q4 25 | 1.0% | 40.9% | ||
| Q3 25 | 1.4% | 28.4% | ||
| Q2 25 | 1.4% | 29.2% | ||
| Q1 25 | 1.3% | 20.2% | ||
| Q4 24 | 1.1% | 20.6% | ||
| Q3 24 | 1.3% | 12.6% | ||
| Q2 24 | 1.3% | 21.6% |
现金转化率LOGILTH
| Q1 26 | — | 2.26× | ||
| Q4 25 | 1.91× | 1.95× | ||
| Q3 25 | 1.34× | 2.45× | ||
| Q2 25 | 0.86× | 2.71× | ||
| Q1 25 | 0.90× | 2.41× | ||
| Q4 24 | 1.85× | 4.39× | ||
| Q3 24 | 1.14× | 3.65× | ||
| Q2 24 | 1.24× | 3.23× |
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
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% |
LTH
| Center revenue | $767.6M | 97% |
| Other revenue | $21.1M | 3% |
