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罗技（LOGI）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是罗技的1.1倍（$1.6B vs $1.4B），罗技净利率更高（17.7% vs 3.5%，领先14.2%），罗技同比增速更快（6.1% vs -7.5%），罗技自由现金流更多（$465.6M vs $135.6M），过去两年罗技的营收复合增速更高（18.5% vs 2.2%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
LOGI vs PSN — 直观对比
营收规模更大
PSN
是对方的1.1倍
$1.4B
营收增速更快
LOGI
高出13.6%
-7.5%
净利率更高
LOGI
高出14.2%
3.5%
自由现金流更多
LOGI
多$330.1M
$135.6M
两年增速更快
LOGI
近两年复合增速
2.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $251.0M | $55.6M |
| 毛利率 | 43.2% | 23.0% |
| 营业利润率 | 20.1% | 6.6% |
| 净利率 | 17.7% | 3.5% |
| 营收同比 | 6.1% | -7.5% |
| 净利润同比 | 25.4% | -72.4% |
| 每股收益（稀释后） | $1.69 | $0.51 |
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LOGIPSN
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.0B | $1.5B |
净利润LOGIPSN
| Q4 25 | $251.0M | $55.6M | ||
| Q3 25 | $170.7M | $64.1M | ||
| Q2 25 | $146.0M | $55.2M | ||
| Q1 25 | $144.1M | $66.2M | ||
| Q4 24 | $200.1M | $201.3M | ||
| Q3 24 | $145.5M | $72.0M | ||
| Q2 24 | $141.8M | $69.2M | ||
| Q1 24 | $167.6M | $-107.4M |
毛利率LOGIPSN
| Q4 25 | 43.2% | 23.0% | ||
| Q3 25 | 43.4% | 22.2% | ||
| Q2 25 | 41.7% | 22.0% | ||
| Q1 25 | 43.1% | 22.8% | ||
| Q4 24 | 42.9% | 21.3% | ||
| Q3 24 | 43.6% | 19.9% | ||
| Q2 24 | 42.8% | 21.0% | ||
| Q1 24 | 43.2% | 21.2% |
营业利润率LOGIPSN
| Q4 25 | 20.1% | 6.6% | ||
| Q3 25 | 16.1% | 6.7% | ||
| Q2 25 | 14.1% | 6.0% | ||
| Q1 25 | 10.5% | 7.0% | ||
| Q4 24 | 17.5% | 5.8% | ||
| Q3 24 | 14.4% | 6.4% | ||
| Q2 24 | 14.1% | 6.7% | ||
| Q1 24 | 12.9% | 6.6% |
净利率LOGIPSN
| Q4 25 | 17.7% | 3.5% | ||
| Q3 25 | 14.4% | 4.0% | ||
| Q2 25 | 12.7% | 3.5% | ||
| Q1 25 | 14.3% | 4.3% | ||
| Q4 24 | 14.9% | 11.6% | ||
| Q3 24 | 13.0% | 4.0% | ||
| Q2 24 | 13.0% | 4.1% | ||
| Q1 24 | 16.6% | -7.0% |
每股收益（稀释后）LOGIPSN
| Q4 25 | $1.69 | $0.51 | ||
| Q3 25 | $1.15 | $0.59 | ||
| Q2 25 | $0.98 | $0.50 | ||
| Q1 25 | $0.94 | $0.60 | ||
| Q4 24 | $1.32 | $1.85 | ||
| Q3 24 | $0.95 | $0.65 | ||
| Q2 24 | $0.92 | $0.63 | ||
| Q1 24 | $1.07 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $2.3B | $2.6B |
| 总资产 | $4.1B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资LOGIPSN
| Q4 25 | $1.8B | $466.4M | ||
| Q3 25 | $1.4B | $422.6M | ||
| Q2 25 | $1.5B | $411.3M | ||
| Q1 25 | $1.5B | $269.7M | ||
| Q4 24 | $1.5B | $453.5M | ||
| Q3 24 | $1.4B | $558.8M | ||
| Q2 24 | $1.5B | $528.5M | ||
| Q1 24 | $1.5B | $423.1M |
总债务LOGIPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益LOGIPSN
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $2.1B | $2.6B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.2B | $2.2B | ||
| Q1 24 | $2.2B | $2.1B |
总资产LOGIPSN
| Q4 25 | $4.1B | $5.8B | ||
| Q3 25 | $3.7B | $5.7B | ||
| Q2 25 | $3.7B | $5.7B | ||
| Q1 25 | $3.5B | $5.4B | ||
| Q4 24 | $3.7B | $5.5B | ||
| Q3 24 | $3.6B | $5.4B | ||
| Q2 24 | $3.7B | $5.2B | ||
| Q1 24 | $3.6B | $5.1B |
负债/权益比LOGIPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $135.6M |
| 自由现金流率自由现金流/营收 | 32.8% | 8.5% |
| 资本支出强度资本支出/营收 | 1.0% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.91× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $410.4M |
8季度趋势，按日历期对齐
经营现金流LOGIPSN
| Q4 25 | $480.5M | $167.5M | ||
| Q3 25 | $228.8M | $162.8M | ||
| Q2 25 | $125.0M | $159.8M | ||
| Q1 25 | $129.7M | $-11.8M | ||
| Q4 24 | $370.9M | $126.8M | ||
| Q3 24 | $166.0M | $299.0M | ||
| Q2 24 | $176.0M | $161.2M | ||
| Q1 24 | $239.1M | $-63.4M |
自由现金流LOGIPSN
| Q4 25 | $465.6M | $135.6M | ||
| Q3 25 | $212.3M | $149.7M | ||
| Q2 25 | $108.8M | $150.4M | ||
| Q1 25 | $116.9M | $-25.3M | ||
| Q4 24 | $356.6M | $108.0M | ||
| Q3 24 | $151.5M | $287.3M | ||
| Q2 24 | $161.4M | $152.0M | ||
| Q1 24 | $228.8M | $-72.9M |
自由现金流率LOGIPSN
| Q4 25 | 32.8% | 8.5% | ||
| Q3 25 | 17.9% | 9.2% | ||
| Q2 25 | 9.5% | 9.5% | ||
| Q1 25 | 11.6% | -1.6% | ||
| Q4 24 | 26.6% | 6.2% | ||
| Q3 24 | 13.6% | 15.9% | ||
| Q2 24 | 14.8% | 9.1% | ||
| Q1 24 | 22.6% | -4.7% |
资本支出强度LOGIPSN
| Q4 25 | 1.0% | 2.0% | ||
| Q3 25 | 1.4% | 0.8% | ||
| Q2 25 | 1.4% | 0.6% | ||
| Q1 25 | 1.3% | 0.9% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 1.3% | 0.6% | ||
| Q2 24 | 1.3% | 0.6% | ||
| Q1 24 | 1.0% | 0.6% |
现金转化率LOGIPSN
| Q4 25 | 1.91× | 3.01× | ||
| Q3 25 | 1.34× | 2.54× | ||
| Q2 25 | 0.86× | 2.89× | ||
| Q1 25 | 0.90× | -0.18× | ||
| Q4 24 | 1.85× | 0.63× | ||
| Q3 24 | 1.14× | 4.16× | ||
| Q2 24 | 1.24× | 2.33× | ||
| 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
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
