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罗技（LOGI）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是罗技的1.6倍（$2.3B vs $1.4B），罗技净利率更高（17.7% vs -31.0%，领先48.6%），J.M. Smucker Company (The)同比增速更快（7.0% vs 6.1%），J.M. Smucker Company (The)自由现金流更多（$975.0M vs $465.6M），过去两年罗技的营收复合增速更高（18.5% vs 3.0%）
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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
LOGI vs SJM — 直观对比
营收规模更大
SJM
是对方的1.6倍
$1.4B
营收增速更快
SJM
高出1.0%
6.1%
净利率更高
LOGI
高出48.6%
-31.0%
自由现金流更多
SJM
多$509.4M
$465.6M
两年增速更快
LOGI
近两年复合增速
3.0%
损益表 — Q3 FY2026 vs Q3 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.3B |
| 净利润 | $251.0M | $-724.2M |
| 毛利率 | 43.2% | 35.4% |
| 营业利润率 | 20.1% | — |
| 净利率 | 17.7% | -31.0% |
| 营收同比 | 6.1% | 7.0% |
| 净利润同比 | 25.4% | -44.3% |
| 每股收益（稀释后） | $1.69 | — |
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LOGISJM
| Q4 26 | — | $2.3B | ||
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.1B | $2.2B |
净利润LOGISJM
| Q4 26 | — | $-724.2M | ||
| Q4 25 | $251.0M | $241.3M | ||
| Q3 25 | $170.7M | $-43.9M | ||
| Q2 25 | $146.0M | $-729.0M | ||
| Q1 25 | $144.1M | $-662.3M | ||
| Q4 24 | $200.1M | $-24.5M | ||
| Q3 24 | $145.5M | $185.0M | ||
| Q2 24 | $141.8M | $245.1M |
毛利率LOGISJM
| Q4 26 | — | 35.4% | ||
| Q4 25 | 43.2% | 37.3% | ||
| Q3 25 | 43.4% | 22.5% | ||
| Q2 25 | 41.7% | 38.4% | ||
| Q1 25 | 43.1% | 40.2% | ||
| Q4 24 | 42.9% | 39.0% | ||
| Q3 24 | 43.6% | 37.5% | ||
| Q2 24 | 42.8% | 41.4% |
营业利润率LOGISJM
| Q4 26 | — | — | ||
| Q4 25 | 20.1% | 18.0% | ||
| Q3 25 | 16.1% | 2.2% | ||
| Q2 25 | 14.1% | -27.9% | ||
| Q1 25 | 10.5% | -27.2% | ||
| Q4 24 | 17.5% | 7.5% | ||
| Q3 24 | 14.4% | 16.4% | ||
| Q2 24 | 14.1% | 18.4% |
净利率LOGISJM
| Q4 26 | — | -31.0% | ||
| Q4 25 | 17.7% | 10.4% | ||
| Q3 25 | 14.4% | -2.1% | ||
| Q2 25 | 12.7% | -34.0% | ||
| Q1 25 | 14.3% | -30.3% | ||
| Q4 24 | 14.9% | -1.1% | ||
| Q3 24 | 13.0% | 8.7% | ||
| Q2 24 | 13.0% | 11.1% |
每股收益（稀释后）LOGISJM
| Q4 26 | — | — | ||
| Q4 25 | $1.69 | $2.26 | ||
| Q3 25 | $1.15 | $-0.41 | ||
| Q2 25 | $0.98 | $-6.86 | ||
| Q1 25 | $0.94 | $-6.22 | ||
| Q4 24 | $1.32 | $-0.23 | ||
| Q3 24 | $0.95 | $1.74 | ||
| Q2 24 | $0.92 | $2.31 |
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 | $52.8M |
| 总债务越低越好 | — | $7.3B |
| 股东权益账面价值 | $2.3B | $5.2B |
| 总资产 | $4.1B | $16.3B |
| 负债/权益比越低杠杆越低 | — | 1.40× |
8季度趋势，按日历期对齐
现金及短期投资LOGISJM
| Q4 26 | — | $52.8M | ||
| 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 | — |
总债务LOGISJM
| Q4 26 | — | $7.3B | ||
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $7.8B |
股东权益LOGISJM
| Q4 26 | — | $5.2B | ||
| Q4 25 | $2.3B | $6.1B | ||
| Q3 25 | $2.1B | $5.9B | ||
| Q2 25 | $2.2B | $6.1B | ||
| Q1 25 | $2.1B | $6.9B | ||
| Q4 24 | $2.1B | $7.6B | ||
| Q3 24 | $2.1B | $7.8B | ||
| Q2 24 | $2.2B | $7.7B |
总资产LOGISJM
| Q4 26 | — | $16.3B | ||
| Q4 25 | $4.1B | $17.6B | ||
| Q3 25 | $3.7B | $17.7B | ||
| Q2 25 | $3.7B | $17.6B | ||
| Q1 25 | $3.5B | $18.4B | ||
| Q4 24 | $3.7B | $20.0B | ||
| Q3 24 | $3.6B | $20.3B | ||
| Q2 24 | $3.7B | $20.3B |
负债/权益比LOGISJM
| Q4 26 | — | 1.40× | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.01× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $975.0M |
| 自由现金流率自由现金流/营收 | 32.8% | 41.7% |
| 资本支出强度资本支出/营收 | 1.0% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.91× | — |
| 过去12个月自由现金流最近4个季度 | $903.6M | $1.5B |
8季度趋势，按日历期对齐
经营现金流LOGISJM
| Q4 26 | — | $1.3B | ||
| Q4 25 | $480.5M | $346.5M | ||
| Q3 25 | $228.8M | $-10.6M | ||
| Q2 25 | $125.0M | $393.9M | ||
| Q1 25 | $129.7M | $239.4M | ||
| Q4 24 | $370.9M | $404.2M | ||
| Q3 24 | $166.0M | $172.9M | ||
| Q2 24 | $176.0M | $428.1M |
自由现金流LOGISJM
| Q4 26 | — | $975.0M | ||
| Q4 25 | $465.6M | $280.2M | ||
| Q3 25 | $212.3M | $-94.9M | ||
| Q2 25 | $108.8M | $298.9M | ||
| Q1 25 | $116.9M | $151.3M | ||
| Q4 24 | $356.6M | $317.2M | ||
| Q3 24 | $151.5M | $49.2M | ||
| Q2 24 | $161.4M | $297.5M |
自由现金流率LOGISJM
| Q4 26 | — | 41.7% | ||
| Q4 25 | 32.8% | 12.0% | ||
| Q3 25 | 17.9% | -4.5% | ||
| Q2 25 | 9.5% | 13.9% | ||
| Q1 25 | 11.6% | 6.9% | ||
| Q4 24 | 26.6% | 14.0% | ||
| Q3 24 | 13.6% | 2.3% | ||
| Q2 24 | 14.8% | 13.5% |
资本支出强度LOGISJM
| Q4 26 | — | 13.9% | ||
| Q4 25 | 1.0% | 2.8% | ||
| Q3 25 | 1.4% | 4.0% | ||
| Q2 25 | 1.4% | 4.4% | ||
| Q1 25 | 1.3% | 4.0% | ||
| Q4 24 | 1.1% | 3.8% | ||
| Q3 24 | 1.3% | 5.8% | ||
| Q2 24 | 1.3% | 5.9% |
现金转化率LOGISJM
| Q4 26 | — | — | ||
| Q4 25 | 1.91× | 1.44× | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 1.14× | 0.93× | ||
| Q2 24 | 1.24× | 1.75× |
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% |
SJM
| U.S. Retail Coffee | $908.2M | 39% |
| U.S. Retail Frozen Handheld and Spreads | $454.0M | 19% |
| U.S. Retail Pet Foods | $417.1M | 18% |
| International and Away From Home | $335.3M | 14% |
| Sweet Baked Snacks | $224.8M | 10% |
