vs
罗技（LOGI）与PTC Inc.（PTC）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PTC Inc.的1.8倍（$1.4B vs $774.3M），PTC Inc.净利率更高（76.3% vs 17.7%，领先58.6%），PTC Inc.同比增速更快（21.7% vs 6.1%），罗技自由现金流更多（$465.6M vs $318.0M），过去两年PTC Inc.的营收复合增速更高（22.2% vs 18.5%）
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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
LOGI vs PTC — 直观对比
营收规模更大
LOGI
是对方的1.8倍
$774.3M
营收增速更快
PTC
高出15.6%
6.1%
净利率更高
PTC
高出58.6%
17.7%
自由现金流更多
LOGI
多$147.6M
$318.0M
两年增速更快
PTC
近两年复合增速
18.5%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $774.3M |
| 净利润 | $251.0M | $590.7M |
| 毛利率 | 43.2% | 99.1% |
| 营业利润率 | 20.1% | 38.2% |
| 净利率 | 17.7% | 76.3% |
| 营收同比 | 6.1% | 21.7% |
| 净利润同比 | 25.4% | 141.2% |
| 每股收益（稀释后） | $1.69 | $4.98 |
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LOGIPTC
| Q1 26 | — | $774.3M | ||
| Q4 25 | $1.4B | $685.8M | ||
| Q3 25 | $1.2B | $893.8M | ||
| Q2 25 | $1.1B | $643.9M | ||
| Q1 25 | $1.0B | $636.4M | ||
| Q4 24 | $1.3B | $565.1M | ||
| Q3 24 | $1.1B | $626.5M | ||
| Q2 24 | $1.1B | $518.6M |
净利润LOGIPTC
| Q1 26 | — | $590.7M | ||
| Q4 25 | $251.0M | $166.5M | ||
| Q3 25 | $170.7M | $347.8M | ||
| Q2 25 | $146.0M | $141.3M | ||
| Q1 25 | $144.1M | $162.6M | ||
| Q4 24 | $200.1M | $82.2M | ||
| Q3 24 | $145.5M | $126.5M | ||
| Q2 24 | $141.8M | $69.0M |
毛利率LOGIPTC
| Q1 26 | — | 99.1% | ||
| Q4 25 | 43.2% | 82.8% | ||
| Q3 25 | 43.4% | 86.9% | ||
| Q2 25 | 41.7% | 82.9% | ||
| Q1 25 | 43.1% | 83.3% | ||
| Q4 24 | 42.9% | 80.2% | ||
| Q3 24 | 43.6% | 82.0% | ||
| Q2 24 | 42.8% | 78.4% |
营业利润率LOGIPTC
| Q1 26 | — | 38.2% | ||
| Q4 25 | 20.1% | 32.2% | ||
| Q3 25 | 16.1% | 48.5% | ||
| Q2 25 | 14.1% | 32.6% | ||
| Q1 25 | 10.5% | 35.1% | ||
| Q4 24 | 17.5% | 20.4% | ||
| Q3 24 | 14.4% | 31.0% | ||
| Q2 24 | 14.1% | 18.5% |
净利率LOGIPTC
| Q1 26 | — | 76.3% | ||
| Q4 25 | 17.7% | 24.3% | ||
| Q3 25 | 14.4% | 38.9% | ||
| Q2 25 | 12.7% | 21.9% | ||
| Q1 25 | 14.3% | 25.6% | ||
| Q4 24 | 14.9% | 14.6% | ||
| Q3 24 | 13.0% | 20.2% | ||
| Q2 24 | 13.0% | 13.3% |
每股收益（稀释后）LOGIPTC
| Q1 26 | — | $4.98 | ||
| Q4 25 | $1.69 | $1.39 | ||
| Q3 25 | $1.15 | $2.88 | ||
| Q2 25 | $0.98 | $1.17 | ||
| Q1 25 | $0.94 | $1.35 | ||
| Q4 24 | $1.32 | $0.68 | ||
| Q3 24 | $0.95 | $1.05 | ||
| Q2 24 | $0.92 | $0.57 |
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 | $439.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $3.9B |
| 总资产 | $4.1B | $6.5B |
| 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LOGIPTC
| Q1 26 | — | $439.1M | ||
| Q4 25 | $1.8B | $209.7M | ||
| Q3 25 | $1.4B | $184.4M | ||
| Q2 25 | $1.5B | $199.3M | ||
| Q1 25 | $1.5B | $235.2M | ||
| Q4 24 | $1.5B | $196.3M | ||
| Q3 24 | $1.4B | $265.8M | ||
| Q2 24 | $1.5B | $247.7M |
总债务LOGIPTC
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B |
股东权益LOGIPTC
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.3B | $3.8B | ||
| Q3 25 | $2.1B | $3.8B | ||
| Q2 25 | $2.2B | $3.5B | ||
| Q1 25 | $2.1B | $3.4B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.1B | $3.2B | ||
| Q2 24 | $2.2B | $3.0B |
总资产LOGIPTC
| Q1 26 | — | $6.5B | ||
| Q4 25 | $4.1B | $6.4B | ||
| Q3 25 | $3.7B | $6.6B | ||
| Q2 25 | $3.7B | $6.2B | ||
| Q1 25 | $3.5B | $6.2B | ||
| Q4 24 | $3.7B | $6.1B | ||
| Q3 24 | $3.6B | $6.4B | ||
| Q2 24 | $3.7B | $6.1B |
负债/权益比LOGIPTC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× |
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 | $320.9M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $318.0M |
| 自由现金流率自由现金流/营收 | 32.8% | 41.1% |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 1.91× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $927.9M |
8季度趋势，按日历期对齐
经营现金流LOGIPTC
| Q1 26 | — | $320.9M | ||
| Q4 25 | $480.5M | $269.7M | ||
| Q3 25 | $228.8M | $104.0M | ||
| Q2 25 | $125.0M | $243.9M | ||
| Q1 25 | $129.7M | $281.3M | ||
| Q4 24 | $370.9M | $238.4M | ||
| Q3 24 | $166.0M | $98.1M | ||
| Q2 24 | $176.0M | $213.8M |
自由现金流LOGIPTC
| Q1 26 | — | $318.0M | ||
| Q4 25 | $465.6M | $267.4M | ||
| Q3 25 | $212.3M | $100.5M | ||
| Q2 25 | $108.8M | $242.0M | ||
| Q1 25 | $116.9M | $278.5M | ||
| Q4 24 | $356.6M | $235.7M | ||
| Q3 24 | $151.5M | $93.6M | ||
| Q2 24 | $161.4M | $212.2M |
自由现金流率LOGIPTC
| Q1 26 | — | 41.1% | ||
| Q4 25 | 32.8% | 39.0% | ||
| Q3 25 | 17.9% | 11.2% | ||
| Q2 25 | 9.5% | 37.6% | ||
| Q1 25 | 11.6% | 43.8% | ||
| Q4 24 | 26.6% | 41.7% | ||
| Q3 24 | 13.6% | 14.9% | ||
| Q2 24 | 14.8% | 40.9% |
资本支出强度LOGIPTC
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 0.3% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 1.3% | 0.7% | ||
| Q2 24 | 1.3% | 0.3% |
现金转化率LOGIPTC
| Q1 26 | — | 0.54× | ||
| Q4 25 | 1.91× | 1.62× | ||
| Q3 25 | 1.34× | 0.30× | ||
| Q2 25 | 0.86× | 1.73× | ||
| Q1 25 | 0.90× | 1.73× | ||
| Q4 24 | 1.85× | 2.90× | ||
| Q3 24 | 1.14× | 0.78× | ||
| Q2 24 | 1.24× | 3.10× |
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% |
PTC
| Recurring revenue | $743.4M | 96% |
| Other | $24.0M | 3% |
| Perpetual license | $6.9M | 1% |
