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罗技（LOGI）与Martin Marietta Materials（MLM）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Martin Marietta Materials的1.2倍（$1.4B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 17.7%，领先6.8%），罗技同比增速更快（6.1% vs -30.1%），罗技自由现金流更多（$465.6M vs $424.0M），过去两年罗技的营收复合增速更高（18.5% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
LOGI vs MLM — 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
LOGI
高出36.2%
-30.1%
净利率更高
MLM
高出6.8%
17.7%
自由现金流更多
LOGI
多$41.6M
$424.0M
两年增速更快
LOGI
近两年复合增速
-4.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $251.0M | $279.0M |
| 毛利率 | 43.2% | 35.0% |
| 营业利润率 | 20.1% | 24.6% |
| 净利率 | 17.7% | 24.5% |
| 营收同比 | 6.1% | -30.1% |
| 净利润同比 | 25.4% | -4.8% |
| 每股收益（稀释后） | $1.69 | $4.59 |
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LOGIMLM
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.0B | $1.3B |
净利润LOGIMLM
| Q4 25 | $251.0M | $279.0M | ||
| Q3 25 | $170.7M | $414.0M | ||
| Q2 25 | $146.0M | $328.0M | ||
| Q1 25 | $144.1M | $116.0M | ||
| Q4 24 | $200.1M | $293.0M | ||
| Q3 24 | $145.5M | $363.0M | ||
| Q2 24 | $141.8M | $294.0M | ||
| Q1 24 | $167.6M | $1.0B |
毛利率LOGIMLM
| Q4 25 | 43.2% | 35.0% | ||
| Q3 25 | 43.4% | 33.1% | ||
| Q2 25 | 41.7% | 30.0% | ||
| Q1 25 | 43.1% | 24.8% | ||
| Q4 24 | 42.9% | 30.0% | ||
| Q3 24 | 43.6% | 31.7% | ||
| Q2 24 | 42.8% | 29.3% | ||
| Q1 24 | 43.2% | 21.7% |
营业利润率LOGIMLM
| Q4 25 | 20.1% | 24.6% | ||
| Q3 25 | 16.1% | 27.4% | ||
| Q2 25 | 14.1% | 25.3% | ||
| Q1 25 | 10.5% | 14.3% | ||
| Q4 24 | 17.5% | 24.4% | ||
| Q3 24 | 14.4% | 25.9% | ||
| Q2 24 | 14.1% | 22.6% | ||
| Q1 24 | 12.9% | — |
净利率LOGIMLM
| Q4 25 | 17.7% | 24.5% | ||
| Q3 25 | 14.4% | 22.4% | ||
| Q2 25 | 12.7% | 18.1% | ||
| Q1 25 | 14.3% | 8.6% | ||
| Q4 24 | 14.9% | 18.0% | ||
| Q3 24 | 13.0% | 19.2% | ||
| Q2 24 | 13.0% | 16.7% | ||
| Q1 24 | 16.6% | 83.5% |
每股收益（稀释后）LOGIMLM
| Q4 25 | $1.69 | $4.59 | ||
| Q3 25 | $1.15 | $6.85 | ||
| Q2 25 | $0.98 | $5.43 | ||
| Q1 25 | $0.94 | $1.90 | ||
| Q4 24 | $1.32 | $4.87 | ||
| Q3 24 | $0.95 | $5.91 | ||
| Q2 24 | $0.92 | $4.76 | ||
| Q1 24 | $1.07 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $2.3B | $10.0B |
| 总资产 | $4.1B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资LOGIMLM
| Q4 25 | $1.8B | $67.0M | ||
| Q3 25 | $1.4B | $57.0M | ||
| Q2 25 | $1.5B | $225.0M | ||
| Q1 25 | $1.5B | $101.0M | ||
| Q4 24 | $1.5B | $670.0M | ||
| Q3 24 | $1.4B | $52.0M | ||
| Q2 24 | $1.5B | $109.0M | ||
| Q1 24 | $1.5B | $2.6B |
总债务LOGIMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益LOGIMLM
| Q4 25 | $2.3B | $10.0B | ||
| Q3 25 | $2.1B | $9.7B | ||
| Q2 25 | $2.2B | $9.4B | ||
| Q1 25 | $2.1B | $9.1B | ||
| Q4 24 | $2.1B | $9.5B | ||
| Q3 24 | $2.1B | $9.2B | ||
| Q2 24 | $2.2B | $8.8B | ||
| Q1 24 | $2.2B | $8.9B |
总资产LOGIMLM
| Q4 25 | $4.1B | $18.7B | ||
| Q3 25 | $3.7B | $18.7B | ||
| Q2 25 | $3.7B | $18.1B | ||
| Q1 25 | $3.5B | $17.7B | ||
| Q4 24 | $3.7B | $18.2B | ||
| Q3 24 | $3.6B | $16.5B | ||
| Q2 24 | $3.7B | $16.3B | ||
| Q1 24 | $3.6B | $16.2B |
负债/权益比LOGIMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $424.0M |
| 自由现金流率自由现金流/营收 | 32.8% | 37.2% |
| 资本支出强度资本支出/营收 | 1.0% | 18.0% |
| 现金转化率经营现金流/净利润 | 1.91× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $978.0M |
8季度趋势，按日历期对齐
经营现金流LOGIMLM
| Q4 25 | $480.5M | $629.0M | ||
| Q3 25 | $228.8M | $551.0M | ||
| Q2 25 | $125.0M | $387.0M | ||
| Q1 25 | $129.7M | $218.0M | ||
| Q4 24 | $370.9M | $686.0M | ||
| Q3 24 | $166.0M | $600.0M | ||
| Q2 24 | $176.0M | $1.0M | ||
| Q1 24 | $239.1M | $172.0M |
自由现金流LOGIMLM
| Q4 25 | $465.6M | $424.0M | ||
| Q3 25 | $212.3M | $361.0M | ||
| Q2 25 | $108.8M | $208.0M | ||
| Q1 25 | $116.9M | $-15.0M | ||
| Q4 24 | $356.6M | $453.0M | ||
| Q3 24 | $151.5M | $317.0M | ||
| Q2 24 | $161.4M | $-138.0M | ||
| Q1 24 | $228.8M | $-28.0M |
自由现金流率LOGIMLM
| Q4 25 | 32.8% | 37.2% | ||
| Q3 25 | 17.9% | 19.6% | ||
| Q2 25 | 9.5% | 11.5% | ||
| Q1 25 | 11.6% | -1.1% | ||
| Q4 24 | 26.6% | 27.8% | ||
| Q3 24 | 13.6% | 16.8% | ||
| Q2 24 | 14.8% | -7.8% | ||
| Q1 24 | 22.6% | -2.2% |
资本支出强度LOGIMLM
| Q4 25 | 1.0% | 18.0% | ||
| Q3 25 | 1.4% | 10.3% | ||
| Q2 25 | 1.4% | 9.9% | ||
| Q1 25 | 1.3% | 17.2% | ||
| Q4 24 | 1.1% | 14.3% | ||
| Q3 24 | 1.3% | 15.0% | ||
| Q2 24 | 1.3% | 7.9% | ||
| Q1 24 | 1.0% | 16.0% |
现金转化率LOGIMLM
| Q4 25 | 1.91× | 2.25× | ||
| Q3 25 | 1.34× | 1.33× | ||
| Q2 25 | 0.86× | 1.18× | ||
| Q1 25 | 0.90× | 1.88× | ||
| Q4 24 | 1.85× | 2.34× | ||
| Q3 24 | 1.14× | 1.65× | ||
| Q2 24 | 1.24× | 0.00× | ||
| Q1 24 | 1.43× | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
