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罗技（LOGI）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的1.9倍（$1.4B vs $766.5M），罗技净利率更高（17.7% vs 2.2%，领先15.5%），罗技同比增速更快（6.1% vs 2.5%），罗技自由现金流更多（$465.6M vs $28.9M），过去两年罗技的营收复合增速更高（18.5% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
LOGI vs SCSC — 直观对比
营收规模更大
LOGI
是对方的1.9倍
$766.5M
营收增速更快
LOGI
高出3.5%
2.5%
净利率更高
LOGI
高出15.5%
2.2%
自由现金流更多
LOGI
多$436.8M
$28.9M
两年增速更快
LOGI
近两年复合增速
0.9%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $766.5M |
| 净利润 | $251.0M | $16.5M |
| 毛利率 | 43.2% | 13.4% |
| 营业利润率 | 20.1% | 2.3% |
| 净利率 | 17.7% | 2.2% |
| 营收同比 | 6.1% | 2.5% |
| 净利润同比 | 25.4% | -3.3% |
| 每股收益（稀释后） | $1.69 | $0.75 |
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LOGISCSC
| Q4 25 | $1.4B | $766.5M | ||
| Q3 25 | $1.2B | $739.6M | ||
| Q2 25 | $1.1B | $812.9M | ||
| Q1 25 | $1.0B | $704.8M | ||
| Q4 24 | $1.3B | $747.5M | ||
| Q3 24 | $1.1B | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | $1.0B | $752.6M |
净利润LOGISCSC
| Q4 25 | $251.0M | $16.5M | ||
| Q3 25 | $170.7M | $19.9M | ||
| Q2 25 | $146.0M | $20.1M | ||
| Q1 25 | $144.1M | $17.4M | ||
| Q4 24 | $200.1M | $17.1M | ||
| Q3 24 | $145.5M | $17.0M | ||
| Q2 24 | $141.8M | $16.1M | ||
| Q1 24 | $167.6M | $12.8M |
毛利率LOGISCSC
| Q4 25 | 43.2% | 13.4% | ||
| Q3 25 | 43.4% | 14.5% | ||
| Q2 25 | 41.7% | 12.9% | ||
| Q1 25 | 43.1% | 14.2% | ||
| Q4 24 | 42.9% | 13.6% | ||
| Q3 24 | 43.6% | 13.1% | ||
| Q2 24 | 42.8% | 13.0% | ||
| Q1 24 | 43.2% | 12.6% |
营业利润率LOGISCSC
| Q4 25 | 20.1% | 2.3% | ||
| Q3 25 | 16.1% | 3.5% | ||
| Q2 25 | 14.1% | 3.3% | ||
| Q1 25 | 10.5% | 3.2% | ||
| Q4 24 | 17.5% | 2.5% | ||
| Q3 24 | 14.4% | 2.3% | ||
| Q2 24 | 14.1% | 2.9% | ||
| Q1 24 | 12.9% | 2.3% |
净利率LOGISCSC
| Q4 25 | 17.7% | 2.2% | ||
| Q3 25 | 14.4% | 2.7% | ||
| Q2 25 | 12.7% | 2.5% | ||
| Q1 25 | 14.3% | 2.5% | ||
| Q4 24 | 14.9% | 2.3% | ||
| Q3 24 | 13.0% | 2.2% | ||
| Q2 24 | 13.0% | 2.2% | ||
| Q1 24 | 16.6% | 1.7% |
每股收益（稀释后）LOGISCSC
| Q4 25 | $1.69 | $0.75 | ||
| Q3 25 | $1.15 | $0.89 | ||
| Q2 25 | $0.98 | $0.87 | ||
| Q1 25 | $0.94 | $0.74 | ||
| Q4 24 | $1.32 | $0.70 | ||
| Q3 24 | $0.95 | $0.69 | ||
| Q2 24 | $0.92 | $0.66 | ||
| Q1 24 | $1.07 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $910.9M |
| 总资产 | $4.1B | $1.7B |
| 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LOGISCSC
| Q4 25 | $1.8B | $83.5M | ||
| Q3 25 | $1.4B | $124.9M | ||
| Q2 25 | $1.5B | $126.2M | ||
| Q1 25 | $1.5B | $146.3M | ||
| Q4 24 | $1.5B | $110.5M | ||
| Q3 24 | $1.4B | $145.0M | ||
| Q2 24 | $1.5B | $185.5M | ||
| Q1 24 | $1.5B | $159.1M |
股东权益LOGISCSC
| Q4 25 | $2.3B | $910.9M | ||
| Q3 25 | $2.1B | $914.0M | ||
| Q2 25 | $2.2B | $906.4M | ||
| Q1 25 | $2.1B | $901.7M | ||
| Q4 24 | $2.1B | $900.7M | ||
| Q3 24 | $2.1B | $920.9M | ||
| Q2 24 | $2.2B | $924.3M | ||
| Q1 24 | $2.2B | $944.1M |
总资产LOGISCSC
| Q4 25 | $4.1B | $1.7B | ||
| Q3 25 | $3.7B | $1.7B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.5B | $1.7B | ||
| Q4 24 | $3.7B | $1.7B | ||
| Q3 24 | $3.6B | $1.8B | ||
| Q2 24 | $3.7B | $1.8B | ||
| Q1 24 | $3.6B | $1.8B |
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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $28.9M |
| 自由现金流率自由现金流/营收 | 32.8% | 3.8% |
| 资本支出强度资本支出/营收 | 1.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.91× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $903.6M | — |
8季度趋势，按日历期对齐
经营现金流LOGISCSC
| Q4 25 | $480.5M | $30.8M | ||
| Q3 25 | $228.8M | $23.2M | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $129.7M | $66.1M | ||
| Q4 24 | $370.9M | $-6.2M | ||
| Q3 24 | $166.0M | $44.8M | ||
| Q2 24 | $176.0M | — | ||
| Q1 24 | $239.1M | $160.2M |
自由现金流LOGISCSC
| Q4 25 | $465.6M | $28.9M | ||
| Q3 25 | $212.3M | $20.8M | ||
| Q2 25 | $108.8M | — | ||
| Q1 25 | $116.9M | $64.6M | ||
| Q4 24 | $356.6M | $-8.2M | ||
| Q3 24 | $151.5M | $42.5M | ||
| Q2 24 | $161.4M | — | ||
| Q1 24 | $228.8M | $157.7M |
自由现金流率LOGISCSC
| Q4 25 | 32.8% | 3.8% | ||
| Q3 25 | 17.9% | 2.8% | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 11.6% | 9.2% | ||
| Q4 24 | 26.6% | -1.1% | ||
| Q3 24 | 13.6% | 5.5% | ||
| Q2 24 | 14.8% | — | ||
| Q1 24 | 22.6% | 21.0% |
资本支出强度LOGISCSC
| Q4 25 | 1.0% | 0.3% | ||
| Q3 25 | 1.4% | 0.3% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 1.3% | 0.3% | ||
| Q2 24 | 1.3% | 0.2% | ||
| Q1 24 | 1.0% | 0.3% |
现金转化率LOGISCSC
| Q4 25 | 1.91× | 1.87× | ||
| Q3 25 | 1.34× | 1.17× | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | 3.79× | ||
| Q4 24 | 1.85× | -0.36× | ||
| Q3 24 | 1.14× | 2.64× | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.43× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
