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罗技（LOGI）与天宝（TRMB）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天宝的1.5倍（$1.4B vs $969.8M），罗技净利率更高（17.7% vs 16.1%，领先1.5%），罗技同比增速更快（6.1% vs -73.7%），罗技自由现金流更多（$465.6M vs $360.9M），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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
LOGI vs TRMB — 直观对比
营收规模更大
LOGI
是对方的1.5倍
$969.8M
营收增速更快
LOGI
高出79.7%
-73.7%
净利率更高
LOGI
高出1.5%
16.1%
自由现金流更多
LOGI
多$104.7M
$360.9M
两年增速更快
LOGI
近两年复合增速
0.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $969.8M |
| 净利润 | $251.0M | $156.6M |
| 毛利率 | 43.2% | 72.0% |
| 营业利润率 | 20.1% | 22.3% |
| 净利率 | 17.7% | 16.1% |
| 营收同比 | 6.1% | -73.7% |
| 净利润同比 | 25.4% | 73.6% |
| 每股收益（稀释后） | $1.69 | $0.65 |
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LOGITRMB
| Q4 25 | $1.4B | $901.2M | ||
| Q3 25 | $1.2B | $875.7M | ||
| Q2 25 | $1.1B | $840.6M | ||
| Q1 25 | $1.0B | $983.4M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $875.8M | ||
| Q2 24 | $1.1B | $870.8M | ||
| Q1 24 | $1.0B | $953.3M |
净利润LOGITRMB
| Q4 25 | $251.0M | $111.5M | ||
| Q3 25 | $170.7M | $89.2M | ||
| Q2 25 | $146.0M | $66.7M | ||
| Q1 25 | $144.1M | $90.2M | ||
| Q4 24 | $200.1M | — | ||
| Q3 24 | $145.5M | $40.6M | ||
| Q2 24 | $141.8M | $1.3B | ||
| Q1 24 | $167.6M | $57.2M |
毛利率LOGITRMB
| Q4 25 | 43.2% | 68.9% | ||
| Q3 25 | 43.4% | 68.3% | ||
| Q2 25 | 41.7% | 66.7% | ||
| Q1 25 | 43.1% | 69.3% | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 43.6% | 65.7% | ||
| Q2 24 | 42.8% | 62.7% | ||
| Q1 24 | 43.2% | 62.3% |
营业利润率LOGITRMB
| Q4 25 | 20.1% | 16.7% | ||
| Q3 25 | 16.1% | 14.6% | ||
| Q2 25 | 14.1% | 11.6% | ||
| Q1 25 | 10.5% | 17.6% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 14.4% | 13.3% | ||
| Q2 24 | 14.1% | 7.1% | ||
| Q1 24 | 12.9% | 11.5% |
净利率LOGITRMB
| Q4 25 | 17.7% | 12.4% | ||
| Q3 25 | 14.4% | 10.2% | ||
| Q2 25 | 12.7% | 7.9% | ||
| Q1 25 | 14.3% | 9.2% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 13.0% | 4.6% | ||
| Q2 24 | 13.0% | 151.2% | ||
| Q1 24 | 16.6% | 6.0% |
每股收益（稀释后）LOGITRMB
| Q4 25 | $1.69 | $0.46 | ||
| Q3 25 | $1.15 | $0.37 | ||
| Q2 25 | $0.98 | $0.27 | ||
| Q1 25 | $0.94 | $0.36 | ||
| Q4 24 | $1.32 | — | ||
| Q3 24 | $0.95 | $0.16 | ||
| Q2 24 | $0.92 | $5.34 | ||
| Q1 24 | $1.07 | $0.23 |
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 | $253.4M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $2.3B | $5.8B |
| 总资产 | $4.1B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资LOGITRMB
| Q4 25 | $1.8B | $232.7M | ||
| Q3 25 | $1.4B | $265.9M | ||
| Q2 25 | $1.5B | $290.0M | ||
| Q1 25 | $1.5B | $738.8M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.5B | $944.1M | ||
| Q1 24 | $1.5B | $255.1M |
总债务LOGITRMB
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LOGITRMB
| Q4 25 | $2.3B | $5.8B | ||
| Q3 25 | $2.1B | $5.7B | ||
| Q2 25 | $2.2B | $5.4B | ||
| Q1 25 | $2.1B | $5.7B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $5.9B | ||
| Q2 24 | $2.2B | $5.6B | ||
| Q1 24 | $2.2B | $4.3B |
总资产LOGITRMB
| Q4 25 | $4.1B | $9.0B | ||
| Q3 25 | $3.7B | $9.1B | ||
| Q2 25 | $3.7B | $8.9B | ||
| Q1 25 | $3.5B | $9.5B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.6B | $9.9B | ||
| Q2 24 | $3.7B | $9.6B | ||
| Q1 24 | $3.6B | $9.3B |
负债/权益比LOGITRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $360.9M |
| 自由现金流率自由现金流/营收 | 32.8% | 37.2% |
| 资本支出强度资本支出/营收 | 1.0% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.91× | 2.47× |
| 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LOGITRMB
| Q4 25 | $480.5M | — | ||
| Q3 25 | $228.8M | $123.8M | ||
| Q2 25 | $125.0M | $155.6M | ||
| Q1 25 | $129.7M | $115.1M | ||
| Q4 24 | $370.9M | — | ||
| Q3 24 | $166.0M | $94.9M | ||
| Q2 24 | $176.0M | $87.6M | ||
| Q1 24 | $239.1M | $233.8M |
自由现金流LOGITRMB
| Q4 25 | $465.6M | — | ||
| Q3 25 | $212.3M | $116.6M | ||
| Q2 25 | $108.8M | $149.0M | ||
| Q1 25 | $116.9M | $109.0M | ||
| Q4 24 | $356.6M | — | ||
| Q3 24 | $151.5M | $88.5M | ||
| Q2 24 | $161.4M | $73.3M | ||
| Q1 24 | $228.8M | $227.0M |
自由现金流率LOGITRMB
| Q4 25 | 32.8% | — | ||
| Q3 25 | 17.9% | 13.3% | ||
| Q2 25 | 9.5% | 17.7% | ||
| Q1 25 | 11.6% | 11.1% | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 13.6% | 10.1% | ||
| Q2 24 | 14.8% | 8.4% | ||
| Q1 24 | 22.6% | 23.8% |
资本支出强度LOGITRMB
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.4% | 0.8% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.3% | 0.7% | ||
| Q2 24 | 1.3% | 1.6% | ||
| Q1 24 | 1.0% | 0.7% |
现金转化率LOGITRMB
| Q4 25 | 1.91× | — | ||
| Q3 25 | 1.34× | 1.39× | ||
| Q2 25 | 0.86× | 2.33× | ||
| Q1 25 | 0.90× | 1.28× | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 1.14× | 2.34× | ||
| Q2 24 | 1.24× | 0.07× | ||
| Q1 24 | 1.43× | 4.09× |
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% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
