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罗技（LOGI）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是罗技的1.8倍（$2.5B vs $1.4B），泰佩思琦净利率更高（22.4% vs 17.7%，领先4.8%），泰佩思琦同比增速更快（14.0% vs 6.1%），泰佩思琦自由现金流更多（$1.0B vs $465.6M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
LOGI vs TPR — 直观对比
营收规模更大
TPR
是对方的1.8倍
$1.4B
营收增速更快
TPR
高出7.9%
6.1%
净利率更高
TPR
高出4.8%
17.7%
自由现金流更多
TPR
多$571.9M
$465.6M
两年增速更快
TPR
近两年复合增速
18.5%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.5B |
| 净利润 | $251.0M | $561.3M |
| 毛利率 | 43.2% | 75.5% |
| 营业利润率 | 20.1% | 28.6% |
| 净利率 | 17.7% | 22.4% |
| 营收同比 | 6.1% | 14.0% |
| 净利润同比 | 25.4% | 80.8% |
| 每股收益（稀释后） | $1.69 | $2.68 |
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LOGITPR
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.0B | $1.5B |
净利润LOGITPR
| Q4 25 | $251.0M | $561.3M | ||
| Q3 25 | $170.7M | $274.8M | ||
| Q2 25 | $146.0M | $-517.1M | ||
| Q1 25 | $144.1M | $203.3M | ||
| Q4 24 | $200.1M | $310.4M | ||
| Q3 24 | $145.5M | $186.6M | ||
| Q2 24 | $141.8M | $159.3M | ||
| Q1 24 | $167.6M | $139.4M |
毛利率LOGITPR
| Q4 25 | 43.2% | 75.5% | ||
| Q3 25 | 43.4% | 76.3% | ||
| Q2 25 | 41.7% | 76.3% | ||
| Q1 25 | 43.1% | 76.1% | ||
| Q4 24 | 42.9% | 74.4% | ||
| Q3 24 | 43.6% | 75.3% | ||
| Q2 24 | 42.8% | 74.9% | ||
| Q1 24 | 43.2% | 74.7% |
营业利润率LOGITPR
| Q4 25 | 20.1% | 28.6% | ||
| Q3 25 | 16.1% | 19.3% | ||
| Q2 25 | 14.1% | -33.9% | ||
| Q1 25 | 10.5% | 16.0% | ||
| Q4 24 | 17.5% | 22.4% | ||
| Q3 24 | 14.4% | 16.7% | ||
| Q2 24 | 14.1% | 14.8% | ||
| Q1 24 | 12.9% | 13.8% |
净利率LOGITPR
| Q4 25 | 17.7% | 22.4% | ||
| Q3 25 | 14.4% | 16.1% | ||
| Q2 25 | 12.7% | -30.0% | ||
| Q1 25 | 14.3% | 12.8% | ||
| Q4 24 | 14.9% | 14.1% | ||
| Q3 24 | 13.0% | 12.4% | ||
| Q2 24 | 13.0% | 10.0% | ||
| Q1 24 | 16.6% | 9.4% |
每股收益（稀释后）LOGITPR
| Q4 25 | $1.69 | $2.68 | ||
| Q3 25 | $1.15 | $1.28 | ||
| Q2 25 | $0.98 | $-2.30 | ||
| Q1 25 | $0.94 | $0.95 | ||
| Q4 24 | $1.32 | $1.38 | ||
| Q3 24 | $0.95 | $0.79 | ||
| Q2 24 | $0.92 | $0.67 | ||
| Q1 24 | $1.07 | $0.60 |
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 | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $2.3B | $551.2M |
| 总资产 | $4.1B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资LOGITPR
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.4B | $743.2M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.4B | $7.3B | ||
| Q2 24 | $1.5B | $7.2B | ||
| Q1 24 | $1.5B | $7.4B |
总债务LOGITPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益LOGITPR
| Q4 25 | $2.3B | $551.2M | ||
| Q3 25 | $2.1B | $399.5M | ||
| Q2 25 | $2.2B | $857.8M | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.1B | $3.0B | ||
| Q2 24 | $2.2B | $2.9B | ||
| Q1 24 | $2.2B | $2.8B |
总资产LOGITPR
| Q4 25 | $4.1B | $6.5B | ||
| Q3 25 | $3.7B | $6.4B | ||
| Q2 25 | $3.7B | $6.6B | ||
| Q1 25 | $3.5B | $7.3B | ||
| Q4 24 | $3.7B | $7.3B | ||
| Q3 24 | $3.6B | $13.7B | ||
| Q2 24 | $3.7B | $13.4B | ||
| Q1 24 | $3.6B | $13.7B |
负债/权益比LOGITPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $1.0B |
| 自由现金流率自由现金流/营收 | 32.8% | 41.5% |
| 资本支出强度资本支出/营收 | 1.0% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.91× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $1.6B |
8季度趋势，按日历期对齐
经营现金流LOGITPR
| Q4 25 | $480.5M | $1.1B | ||
| Q3 25 | $228.8M | $112.6M | ||
| Q2 25 | $125.0M | $446.8M | ||
| Q1 25 | $129.7M | $144.3M | ||
| Q4 24 | $370.9M | $506.0M | ||
| Q3 24 | $166.0M | $119.5M | ||
| Q2 24 | $176.0M | $256.0M | ||
| Q1 24 | $239.1M | $97.8M |
自由现金流LOGITPR
| Q4 25 | $465.6M | $1.0B | ||
| Q3 25 | $212.3M | $80.2M | ||
| Q2 25 | $108.8M | $411.5M | ||
| Q1 25 | $116.9M | $113.4M | ||
| Q4 24 | $356.6M | $475.1M | ||
| Q3 24 | $151.5M | $93.9M | ||
| Q2 24 | $161.4M | $209.8M | ||
| Q1 24 | $228.8M | $78.8M |
自由现金流率LOGITPR
| Q4 25 | 32.8% | 41.5% | ||
| Q3 25 | 17.9% | 4.7% | ||
| Q2 25 | 9.5% | 23.9% | ||
| Q1 25 | 11.6% | 7.2% | ||
| Q4 24 | 26.6% | 21.6% | ||
| Q3 24 | 13.6% | 6.2% | ||
| Q2 24 | 14.8% | 13.2% | ||
| Q1 24 | 22.6% | 5.3% |
资本支出强度LOGITPR
| Q4 25 | 1.0% | 1.7% | ||
| Q3 25 | 1.4% | 1.9% | ||
| Q2 25 | 1.4% | 2.0% | ||
| Q1 25 | 1.3% | 2.0% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 1.3% | 1.7% | ||
| Q2 24 | 1.3% | 2.9% | ||
| Q1 24 | 1.0% | 1.3% |
现金转化率LOGITPR
| Q4 25 | 1.91× | 1.93× | ||
| Q3 25 | 1.34× | 0.41× | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | 0.71× | ||
| Q4 24 | 1.85× | 1.63× | ||
| Q3 24 | 1.14× | 0.64× | ||
| Q2 24 | 1.24× | 1.61× | ||
| Q1 24 | 1.43× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
