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罗技（LOGI）与思佳讯（SWKS）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思佳讯的1.4倍（$1.4B vs $1.0B），罗技净利率更高（17.7% vs 7.6%，领先10.0%），思佳讯同比增速更快（8.6% vs 6.1%），罗技自由现金流更多（$465.6M vs $339.0M），过去两年罗技的营收复合增速更高（18.5% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
LOGI vs SWKS — 直观对比
营收规模更大
LOGI
是对方的1.4倍
$1.0B
营收增速更快
SWKS
高出2.6%
6.1%
净利率更高
LOGI
高出10.0%
7.6%
自由现金流更多
LOGI
多$126.6M
$339.0M
两年增速更快
LOGI
近两年复合增速
-0.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $251.0M | $79.2M |
| 毛利率 | 43.2% | 41.3% |
| 营业利润率 | 20.1% | 10.0% |
| 净利率 | 17.7% | 7.6% |
| 营收同比 | 6.1% | 8.6% |
| 净利润同比 | 25.4% | 15.3% |
| 每股收益（稀释后） | $1.69 | $0.53 |
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LOGISWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | $965.0M | ||
| Q1 25 | $1.0B | $953.2M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $905.5M |
净利润LOGISWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $251.0M | $141.4M | ||
| Q3 25 | $170.7M | — | ||
| Q2 25 | $146.0M | $105.0M | ||
| Q1 25 | $144.1M | $68.7M | ||
| Q4 24 | $200.1M | $162.0M | ||
| Q3 24 | $145.5M | $60.5M | ||
| Q2 24 | $141.8M | $120.9M |
毛利率LOGISWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 43.2% | 40.7% | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 41.7% | 41.6% | ||
| Q1 25 | 43.1% | 41.1% | ||
| Q4 24 | 42.9% | 41.4% | ||
| Q3 24 | 43.6% | 41.9% | ||
| Q2 24 | 42.8% | 40.2% |
营业利润率LOGISWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 20.1% | 10.1% | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 14.1% | 11.5% | ||
| Q1 25 | 10.5% | 10.2% | ||
| Q4 24 | 17.5% | 16.9% | ||
| Q3 24 | 14.4% | 5.8% | ||
| Q2 24 | 14.1% | 14.4% |
净利率LOGISWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 17.7% | 12.9% | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 12.7% | 10.9% | ||
| Q1 25 | 14.3% | 7.2% | ||
| Q4 24 | 14.9% | 15.2% | ||
| Q3 24 | 13.0% | 5.9% | ||
| Q2 24 | 13.0% | 13.4% |
每股收益（稀释后）LOGISWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $1.69 | $0.95 | ||
| Q3 25 | $1.15 | — | ||
| Q2 25 | $0.98 | $0.70 | ||
| Q1 25 | $0.94 | $0.43 | ||
| Q4 24 | $1.32 | $1.00 | ||
| Q3 24 | $0.95 | $0.36 | ||
| Q2 24 | $0.92 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $2.3B | $5.8B |
| 总资产 | $4.1B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LOGISWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.5B | $1.3B |
总债务LOGISWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益LOGISWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $2.3B | $5.8B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | $5.7B | ||
| Q1 25 | $2.1B | $5.9B | ||
| Q4 24 | $2.1B | $6.4B | ||
| Q3 24 | $2.1B | $6.3B | ||
| Q2 24 | $2.2B | $6.3B |
总资产LOGISWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $4.1B | $7.9B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | $7.7B | ||
| Q1 25 | $3.5B | $7.9B | ||
| Q4 24 | $3.7B | $8.3B | ||
| Q3 24 | $3.6B | $8.3B | ||
| Q2 24 | $3.7B | $8.2B |
负债/权益比LOGISWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $339.0M |
| 自由现金流率自由现金流/营收 | 32.8% | 32.7% |
| 资本支出强度资本支出/营收 | 1.0% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.91× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $1.1B |
8季度趋势，按日历期对齐
经营现金流LOGISWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $480.5M | $200.0M | ||
| Q3 25 | $228.8M | — | ||
| Q2 25 | $125.0M | $314.2M | ||
| Q1 25 | $129.7M | $409.4M | ||
| Q4 24 | $370.9M | $377.2M | ||
| Q3 24 | $166.0M | $476.1M | ||
| Q2 24 | $176.0M | $273.4M |
自由现金流LOGISWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $465.6M | $144.0M | ||
| Q3 25 | $212.3M | — | ||
| Q2 25 | $108.8M | $252.7M | ||
| Q1 25 | $116.9M | $370.9M | ||
| Q4 24 | $356.6M | $338.2M | ||
| Q3 24 | $151.5M | $393.3M | ||
| Q2 24 | $161.4M | $249.0M |
自由现金流率LOGISWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 32.8% | 13.1% | ||
| Q3 25 | 17.9% | — | ||
| Q2 25 | 9.5% | 26.2% | ||
| Q1 25 | 11.6% | 38.9% | ||
| Q4 24 | 26.6% | 31.7% | ||
| Q3 24 | 13.6% | 38.4% | ||
| Q2 24 | 14.8% | 27.5% |
资本支出强度LOGISWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 1.0% | 5.1% | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.4% | 6.4% | ||
| Q1 25 | 1.3% | 4.0% | ||
| Q4 24 | 1.1% | 3.6% | ||
| Q3 24 | 1.3% | 8.1% | ||
| Q2 24 | 1.3% | 2.7% |
现金转化率LOGISWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.91× | 1.41× | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.86× | 2.99× | ||
| Q1 25 | 0.90× | 5.96× | ||
| Q4 24 | 1.85× | 2.33× | ||
| Q3 24 | 1.14× | 7.87× | ||
| Q2 24 | 1.24× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
