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罗技（LOGI）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是罗技的1.9倍（$2.7B vs $1.4B），罗技净利率更高（17.7% vs 13.4%，领先4.2%），罗技同比增速更快（6.1% vs -4.7%），罗技自由现金流更多（$465.6M vs $436.0M），过去两年罗技的营收复合增速更高（18.5% vs 7.8%）
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。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
LOGI vs NVR — 直观对比
营收规模更大
NVR
是对方的1.9倍
$1.4B
营收增速更快
LOGI
高出10.7%
-4.7%
净利率更高
LOGI
高出4.2%
13.4%
自由现金流更多
LOGI
多$29.6M
$436.0M
两年增速更快
LOGI
近两年复合增速
7.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.7B |
| 净利润 | $251.0M | $363.8M |
| 毛利率 | 43.2% | — |
| 营业利润率 | 20.1% | — |
| 净利率 | 17.7% | 13.4% |
| 营收同比 | 6.1% | -4.7% |
| 净利润同比 | 25.4% | -20.5% |
| 每股收益（稀释后） | $1.69 | $120.85 |
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LOGINVR
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.1B | $2.7B | ||
| Q2 24 | $1.1B | $2.6B | ||
| Q1 24 | $1.0B | $2.3B |
净利润LOGINVR
| Q4 25 | $251.0M | $363.8M | ||
| Q3 25 | $170.7M | $342.7M | ||
| Q2 25 | $146.0M | $333.7M | ||
| Q1 25 | $144.1M | $299.6M | ||
| Q4 24 | $200.1M | $457.4M | ||
| Q3 24 | $145.5M | $429.3M | ||
| Q2 24 | $141.8M | $400.9M | ||
| Q1 24 | $167.6M | $394.3M |
毛利率LOGINVR
| 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LOGINVR
| Q4 25 | 20.1% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | 12.9% | — |
净利率LOGINVR
| Q4 25 | 17.7% | 13.4% | ||
| Q3 25 | 14.4% | 13.1% | ||
| Q2 25 | 12.7% | 12.8% | ||
| Q1 25 | 14.3% | 12.5% | ||
| Q4 24 | 14.9% | 16.1% | ||
| Q3 24 | 13.0% | 15.7% | ||
| Q2 24 | 13.0% | 15.3% | ||
| Q1 24 | 16.6% | 16.9% |
每股收益（稀释后）LOGINVR
| Q4 25 | $1.69 | $120.85 | ||
| Q3 25 | $1.15 | $112.33 | ||
| Q2 25 | $0.98 | $108.54 | ||
| Q1 25 | $0.94 | $94.83 | ||
| Q4 24 | $1.32 | $139.09 | ||
| Q3 24 | $0.95 | $130.50 | ||
| Q2 24 | $0.92 | $120.69 | ||
| Q1 24 | $1.07 | $116.41 |
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 | $2.3B | $3.9B |
| 总资产 | $4.1B | $5.9B |
| 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LOGINVR
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益LOGINVR
| Q4 25 | $2.3B | $3.9B | ||
| Q3 25 | $2.1B | $4.0B | ||
| Q2 25 | $2.2B | $3.8B | ||
| Q1 25 | $2.1B | $4.0B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.1B | $4.3B | ||
| Q2 24 | $2.2B | $4.1B | ||
| Q1 24 | $2.2B | $4.3B |
总资产LOGINVR
| Q4 25 | $4.1B | $5.9B | ||
| Q3 25 | $3.7B | $6.0B | ||
| Q2 25 | $3.7B | $5.9B | ||
| Q1 25 | $3.5B | $6.2B | ||
| Q4 24 | $3.7B | $6.4B | ||
| Q3 24 | $3.6B | $6.5B | ||
| Q2 24 | $3.7B | $6.4B | ||
| Q1 24 | $3.6B | $6.5B |
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 | $439.7M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $436.0M |
| 自由现金流率自由现金流/营收 | 32.8% | 16.1% |
| 资本支出强度资本支出/营收 | 1.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.91× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $1.1B |
8季度趋势，按日历期对齐
经营现金流LOGINVR
| Q4 25 | $480.5M | $439.7M | ||
| Q3 25 | $228.8M | $438.7M | ||
| Q2 25 | $125.0M | $35.1M | ||
| Q1 25 | $129.7M | $207.8M | ||
| Q4 24 | $370.9M | $637.0M | ||
| Q3 24 | $166.0M | $358.3M | ||
| Q2 24 | $176.0M | $232.7M | ||
| Q1 24 | $239.1M | $146.5M |
自由现金流LOGINVR
| Q4 25 | $465.6M | $436.0M | ||
| Q3 25 | $212.3M | $433.3M | ||
| Q2 25 | $108.8M | $26.8M | ||
| Q1 25 | $116.9M | $200.7M | ||
| Q4 24 | $356.6M | $631.5M | ||
| Q3 24 | $151.5M | $350.1M | ||
| Q2 24 | $161.4M | $226.3M | ||
| Q1 24 | $228.8M | $137.5M |
自由现金流率LOGINVR
| Q4 25 | 32.8% | 16.1% | ||
| Q3 25 | 17.9% | 16.6% | ||
| Q2 25 | 9.5% | 1.0% | ||
| Q1 25 | 11.6% | 8.4% | ||
| Q4 24 | 26.6% | 22.2% | ||
| Q3 24 | 13.6% | 12.8% | ||
| Q2 24 | 14.8% | 8.7% | ||
| Q1 24 | 22.6% | 5.9% |
资本支出强度LOGINVR
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 1.3% | 0.3% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 1.3% | 0.3% | ||
| Q2 24 | 1.3% | 0.2% | ||
| Q1 24 | 1.0% | 0.4% |
现金转化率LOGINVR
| Q4 25 | 1.91× | 1.21× | ||
| Q3 25 | 1.34× | 1.28× | ||
| Q2 25 | 0.86× | 0.11× | ||
| Q1 25 | 0.90× | 0.69× | ||
| Q4 24 | 1.85× | 1.39× | ||
| Q3 24 | 1.14× | 0.83× | ||
| Q2 24 | 1.24× | 0.58× | ||
| Q1 24 | 1.43× | 0.37× |
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% |
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
