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罗技（LOGI）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是罗技的1.1倍（$1.6B vs $1.4B），罗技净利率更高（17.7% vs 6.2%，领先11.5%），Toast, Inc.同比增速更快（22.0% vs 6.1%），罗技自由现金流更多（$465.6M vs $178.0M），过去两年Toast, Inc.的营收复合增速更高（23.3% 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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
LOGI vs TOST — 直观对比
营收规模更大
TOST
是对方的1.1倍
$1.4B
营收增速更快
TOST
高出16.0%
6.1%
净利率更高
LOGI
高出11.5%
6.2%
自由现金流更多
LOGI
多$287.6M
$178.0M
两年增速更快
TOST
近两年复合增速
18.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $251.0M | $101.0M |
| 毛利率 | 43.2% | 25.9% |
| 营业利润率 | 20.1% | 5.2% |
| 净利率 | 17.7% | 6.2% |
| 营收同比 | 6.1% | 22.0% |
| 净利润同比 | 25.4% | 215.6% |
| 每股收益（稀释后） | $1.69 | $0.18 |
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LOGITOST
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.1B |
净利润LOGITOST
| Q4 25 | $251.0M | $101.0M | ||
| Q3 25 | $170.7M | $105.0M | ||
| Q2 25 | $146.0M | $80.0M | ||
| Q1 25 | $144.1M | $56.0M | ||
| Q4 24 | $200.1M | $32.0M | ||
| Q3 24 | $145.5M | $56.0M | ||
| Q2 24 | $141.8M | $14.0M | ||
| Q1 24 | $167.6M | $-83.0M |
毛利率LOGITOST
| Q4 25 | 43.2% | 25.9% | ||
| Q3 25 | 43.4% | 26.5% | ||
| Q2 25 | 41.7% | 25.3% | ||
| Q1 25 | 43.1% | 25.9% | ||
| Q4 24 | 42.9% | 24.9% | ||
| Q3 24 | 43.6% | 24.7% | ||
| Q2 24 | 42.8% | 23.0% | ||
| Q1 24 | 43.2% | 23.2% |
营业利润率LOGITOST
| Q4 25 | 20.1% | 5.2% | ||
| Q3 25 | 16.1% | 5.1% | ||
| Q2 25 | 14.1% | 5.2% | ||
| Q1 25 | 10.5% | 3.2% | ||
| Q4 24 | 17.5% | 2.5% | ||
| Q3 24 | 14.4% | 2.6% | ||
| Q2 24 | 14.1% | 0.4% | ||
| Q1 24 | 12.9% | -5.2% |
净利率LOGITOST
| Q4 25 | 17.7% | 6.2% | ||
| Q3 25 | 14.4% | 6.4% | ||
| Q2 25 | 12.7% | 5.2% | ||
| Q1 25 | 14.3% | 4.2% | ||
| Q4 24 | 14.9% | 2.4% | ||
| Q3 24 | 13.0% | 4.3% | ||
| Q2 24 | 13.0% | 1.1% | ||
| Q1 24 | 16.6% | -7.7% |
每股收益（稀释后）LOGITOST
| Q4 25 | $1.69 | $0.18 | ||
| Q3 25 | $1.15 | $0.16 | ||
| Q2 25 | $0.98 | $0.13 | ||
| Q1 25 | $0.94 | $0.09 | ||
| Q4 24 | $1.32 | $0.09 | ||
| Q3 24 | $0.95 | $0.07 | ||
| Q2 24 | $0.92 | $0.02 | ||
| Q1 24 | $1.07 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $2.1B |
| 总资产 | $4.1B | $3.1B |
| 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LOGITOST
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.5B | $903.0M | ||
| Q3 24 | $1.4B | $761.0M | ||
| Q2 24 | $1.5B | $691.0M | ||
| Q1 24 | $1.5B | $578.0M |
股东权益LOGITOST
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
总资产LOGITOST
| Q4 25 | $4.1B | $3.1B | ||
| Q3 25 | $3.7B | $3.0B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.5B | $2.6B | ||
| Q4 24 | $3.7B | $2.4B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.7B | $2.2B | ||
| Q1 24 | $3.6B | $2.1B |
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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $178.0M |
| 自由现金流率自由现金流/营收 | 32.8% | 10.9% |
| 资本支出强度资本支出/营收 | 1.0% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.91× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $608.0M |
8季度趋势，按日历期对齐
经营现金流LOGITOST
| Q4 25 | $480.5M | $194.0M | ||
| Q3 25 | $228.8M | $165.0M | ||
| Q2 25 | $125.0M | $223.0M | ||
| Q1 25 | $129.7M | $79.0M | ||
| Q4 24 | $370.9M | $147.0M | ||
| Q3 24 | $166.0M | $109.0M | ||
| Q2 24 | $176.0M | $124.0M | ||
| Q1 24 | $239.1M | $-20.0M |
自由现金流LOGITOST
| Q4 25 | $465.6M | $178.0M | ||
| Q3 25 | $212.3M | $153.0M | ||
| Q2 25 | $108.8M | $208.0M | ||
| Q1 25 | $116.9M | $69.0M | ||
| Q4 24 | $356.6M | $134.0M | ||
| Q3 24 | $151.5M | $97.0M | ||
| Q2 24 | $161.4M | $108.0M | ||
| Q1 24 | $228.8M | $-33.0M |
自由现金流率LOGITOST
| Q4 25 | 32.8% | 10.9% | ||
| Q3 25 | 17.9% | 9.4% | ||
| Q2 25 | 9.5% | 13.4% | ||
| Q1 25 | 11.6% | 5.2% | ||
| Q4 24 | 26.6% | 10.0% | ||
| Q3 24 | 13.6% | 7.4% | ||
| Q2 24 | 14.8% | 8.7% | ||
| Q1 24 | 22.6% | -3.1% |
资本支出强度LOGITOST
| Q4 25 | 1.0% | 1.0% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 1.1% | 1.0% | ||
| Q3 24 | 1.3% | 0.9% | ||
| Q2 24 | 1.3% | 1.3% | ||
| Q1 24 | 1.0% | 1.2% |
现金转化率LOGITOST
| Q4 25 | 1.91× | 1.92× | ||
| Q3 25 | 1.34× | 1.57× | ||
| Q2 25 | 0.86× | 2.79× | ||
| Q1 25 | 0.90× | 1.41× | ||
| Q4 24 | 1.85× | 4.59× | ||
| Q3 24 | 1.14× | 1.95× | ||
| Q2 24 | 1.24× | 8.86× | ||
| Q1 24 | 1.43× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
