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罗技（LOGI）与Ryman Hospitality Properties, Inc.（RHP）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Ryman Hospitality Properties, Inc.的1.9倍（$1.4B vs $737.8M），罗技净利率更高（17.7% vs 10.1%，领先7.6%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 6.1%），罗技自由现金流更多（$465.6M vs $58.5M），过去两年罗技的营收复合增速更高（18.5% vs 18.2%）
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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
LOGI vs RHP — 直观对比
营收规模更大
LOGI
是对方的1.9倍
$737.8M
营收增速更快
RHP
高出7.9%
6.1%
净利率更高
LOGI
高出7.6%
10.1%
自由现金流更多
LOGI
多$407.1M
$58.5M
两年增速更快
LOGI
近两年复合增速
18.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $737.8M |
| 净利润 | $251.0M | $74.5M |
| 毛利率 | 43.2% | 41.4% |
| 营业利润率 | 20.1% | 19.4% |
| 净利率 | 17.7% | 10.1% |
| 营收同比 | 6.1% | 13.9% |
| 净利润同比 | 25.4% | 3.0% |
| 每股收益（稀释后） | $1.69 | $1.12 |
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LOGIRHP
| Q4 25 | $1.4B | $737.8M | ||
| Q3 25 | $1.2B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.0B | $587.3M | ||
| Q4 24 | $1.3B | $647.6M | ||
| Q3 24 | $1.1B | $550.0M | ||
| Q2 24 | $1.1B | $613.3M | ||
| Q1 24 | $1.0B | $528.3M |
净利润LOGIRHP
| Q4 25 | $251.0M | $74.5M | ||
| Q3 25 | $170.7M | $34.9M | ||
| Q2 25 | $146.0M | $71.8M | ||
| Q1 25 | $144.1M | $63.0M | ||
| Q4 24 | $200.1M | $72.3M | ||
| Q3 24 | $145.5M | $59.0M | ||
| Q2 24 | $141.8M | $100.8M | ||
| Q1 24 | $167.6M | $42.8M |
毛利率LOGIRHP
| Q4 25 | 43.2% | 41.4% | ||
| Q3 25 | 43.4% | 40.9% | ||
| Q2 25 | 41.7% | 49.7% | ||
| Q1 25 | 43.1% | 44.4% | ||
| Q4 24 | 42.9% | 40.4% | ||
| Q3 24 | 43.6% | 43.1% | ||
| Q2 24 | 42.8% | 48.4% | ||
| Q1 24 | 43.2% | 41.5% |
营业利润率LOGIRHP
| Q4 25 | 20.1% | 19.4% | ||
| Q3 25 | 16.1% | 15.0% | ||
| Q2 25 | 14.1% | 21.1% | ||
| Q1 25 | 10.5% | 19.8% | ||
| Q4 24 | 17.5% | 18.6% | ||
| Q3 24 | 14.4% | 19.3% | ||
| Q2 24 | 14.1% | 27.4% | ||
| Q1 24 | 12.9% | 18.2% |
净利率LOGIRHP
| Q4 25 | 17.7% | 10.1% | ||
| Q3 25 | 14.4% | 5.9% | ||
| Q2 25 | 12.7% | 10.9% | ||
| Q1 25 | 14.3% | 10.7% | ||
| Q4 24 | 14.9% | 11.2% | ||
| Q3 24 | 13.0% | 10.7% | ||
| Q2 24 | 13.0% | 16.4% | ||
| Q1 24 | 16.6% | 8.1% |
每股收益（稀释后）LOGIRHP
| Q4 25 | $1.69 | $1.12 | ||
| Q3 25 | $1.15 | $0.53 | ||
| Q2 25 | $0.98 | $1.12 | ||
| Q1 25 | $0.94 | $1.00 | ||
| Q4 24 | $1.32 | $1.12 | ||
| Q3 24 | $0.95 | $0.94 | ||
| Q2 24 | $0.92 | $1.65 | ||
| Q1 24 | $1.07 | $0.67 |
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 | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $750.2M |
| 总资产 | $4.1B | $6.2B |
| 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LOGIRHP
| Q4 25 | $1.8B | $471.4M | ||
| Q3 25 | $1.4B | $483.3M | ||
| Q2 25 | $1.5B | $420.6M | ||
| Q1 25 | $1.5B | $413.9M | ||
| Q4 24 | $1.5B | $477.7M | ||
| Q3 24 | $1.4B | $534.9M | ||
| Q2 24 | $1.5B | $498.4M | ||
| Q1 24 | $1.5B | $465.3M |
股东权益LOGIRHP
| Q4 25 | $2.3B | $750.2M | ||
| Q3 25 | $2.1B | $758.5M | ||
| Q2 25 | $2.2B | $800.4M | ||
| Q1 25 | $2.1B | $531.5M | ||
| Q4 24 | $2.1B | $549.0M | ||
| Q3 24 | $2.1B | $551.9M | ||
| Q2 24 | $2.2B | $562.6M | ||
| Q1 24 | $2.2B | $529.9M |
总资产LOGIRHP
| Q4 25 | $4.1B | $6.2B | ||
| Q3 25 | $3.7B | $6.2B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.5B | $5.2B | ||
| Q4 24 | $3.7B | $5.2B | ||
| Q3 24 | $3.6B | $5.2B | ||
| Q2 24 | $3.7B | $5.1B | ||
| Q1 24 | $3.6B | $5.1B |
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 | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $58.5M |
| 自由现金流率自由现金流/营收 | 32.8% | 7.9% |
| 资本支出强度资本支出/营收 | 1.0% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.91× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $232.4M |
8季度趋势，按日历期对齐
经营现金流LOGIRHP
| Q4 25 | $480.5M | $164.7M | ||
| Q3 25 | $228.8M | $205.2M | ||
| Q2 25 | $125.0M | $122.5M | ||
| Q1 25 | $129.7M | $98.2M | ||
| Q4 24 | $370.9M | $166.6M | ||
| Q3 24 | $166.0M | $218.1M | ||
| Q2 24 | $176.0M | $184.3M | ||
| Q1 24 | $239.1M | $7.5M |
自由现金流LOGIRHP
| Q4 25 | $465.6M | $58.5M | ||
| Q3 25 | $212.3M | $135.4M | ||
| Q2 25 | $108.8M | $53.0M | ||
| Q1 25 | $116.9M | $-14.5M | ||
| Q4 24 | $356.6M | $76.0M | ||
| Q3 24 | $151.5M | $85.7M | ||
| Q2 24 | $161.4M | $78.8M | ||
| Q1 24 | $228.8M | $-72.0M |
自由现金流率LOGIRHP
| Q4 25 | 32.8% | 7.9% | ||
| Q3 25 | 17.9% | 22.9% | ||
| Q2 25 | 9.5% | 8.0% | ||
| Q1 25 | 11.6% | -2.5% | ||
| Q4 24 | 26.6% | 11.7% | ||
| Q3 24 | 13.6% | 15.6% | ||
| Q2 24 | 14.8% | 12.9% | ||
| Q1 24 | 22.6% | -13.6% |
资本支出强度LOGIRHP
| Q4 25 | 1.0% | 14.4% | ||
| Q3 25 | 1.4% | 11.8% | ||
| Q2 25 | 1.4% | 10.5% | ||
| Q1 25 | 1.3% | 19.2% | ||
| Q4 24 | 1.1% | 14.0% | ||
| Q3 24 | 1.3% | 24.1% | ||
| Q2 24 | 1.3% | 17.2% | ||
| Q1 24 | 1.0% | 15.0% |
现金转化率LOGIRHP
| Q4 25 | 1.91× | 2.21× | ||
| Q3 25 | 1.34× | 5.88× | ||
| Q2 25 | 0.86× | 1.71× | ||
| Q1 25 | 0.90× | 1.56× | ||
| Q4 24 | 1.85× | 2.30× | ||
| Q3 24 | 1.14× | 3.70× | ||
| Q2 24 | 1.24× | 1.83× | ||
| Q1 24 | 1.43× | 0.17× |
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% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
