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罗技（LOGI）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.7倍（$1.4B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 17.7%，领先11.0%），Ubiquiti Inc.同比增速更快（35.8% vs 6.1%），罗技自由现金流更多（$465.6M vs $260.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
LOGI vs UI — 直观对比
营收规模更大
LOGI
是对方的1.7倍
$814.9M
营收增速更快
UI
高出29.8%
6.1%
净利率更高
UI
高出11.0%
17.7%
自由现金流更多
LOGI
多$205.4M
$260.3M
两年增速更快
UI
近两年复合增速
18.5%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $814.9M |
| 净利润 | $251.0M | $233.6M |
| 毛利率 | 43.2% | 45.9% |
| 营业利润率 | 20.1% | 35.9% |
| 净利率 | 17.7% | 28.7% |
| 营收同比 | 6.1% | 35.8% |
| 净利润同比 | 25.4% | 70.8% |
| 每股收益（稀释后） | $1.69 | $3.86 |
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LOGIUI
| Q4 25 | $1.4B | $814.9M | ||
| Q3 25 | $1.2B | $733.8M | ||
| Q2 25 | $1.1B | $759.2M | ||
| Q1 25 | $1.0B | $664.2M | ||
| Q4 24 | $1.3B | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $1.1B | $507.5M | ||
| Q1 24 | $1.0B | $493.0M |
净利润LOGIUI
| Q4 25 | $251.0M | $233.6M | ||
| Q3 25 | $170.7M | $207.9M | ||
| Q2 25 | $146.0M | $266.7M | ||
| Q1 25 | $144.1M | $180.4M | ||
| Q4 24 | $200.1M | $136.8M | ||
| Q3 24 | $145.5M | $128.0M | ||
| Q2 24 | $141.8M | $103.8M | ||
| Q1 24 | $167.6M | $76.3M |
毛利率LOGIUI
| Q4 25 | 43.2% | 45.9% | ||
| Q3 25 | 43.4% | 46.0% | ||
| Q2 25 | 41.7% | 45.1% | ||
| Q1 25 | 43.1% | 44.5% | ||
| Q4 24 | 42.9% | 41.2% | ||
| Q3 24 | 43.6% | 42.1% | ||
| Q2 24 | 42.8% | 40.2% | ||
| Q1 24 | 43.2% | 35.3% |
营业利润率LOGIUI
| Q4 25 | 20.1% | 35.9% | ||
| Q3 25 | 16.1% | 35.7% | ||
| Q2 25 | 14.1% | 34.4% | ||
| Q1 25 | 10.5% | 34.2% | ||
| Q4 24 | 17.5% | 29.8% | ||
| Q3 24 | 14.4% | 30.7% | ||
| Q2 24 | 14.1% | 27.3% | ||
| Q1 24 | 12.9% | 22.6% |
净利率LOGIUI
| Q4 25 | 17.7% | 28.7% | ||
| Q3 25 | 14.4% | 28.3% | ||
| Q2 25 | 12.7% | 35.1% | ||
| Q1 25 | 14.3% | 27.2% | ||
| Q4 24 | 14.9% | 22.8% | ||
| Q3 24 | 13.0% | 23.3% | ||
| Q2 24 | 13.0% | 20.5% | ||
| Q1 24 | 16.6% | 15.5% |
每股收益（稀释后）LOGIUI
| Q4 25 | $1.69 | $3.86 | ||
| Q3 25 | $1.15 | $3.43 | ||
| Q2 25 | $0.98 | $4.40 | ||
| Q1 25 | $0.94 | $2.98 | ||
| Q4 24 | $1.32 | $2.26 | ||
| Q3 24 | $0.95 | $2.12 | ||
| Q2 24 | $0.92 | $1.72 | ||
| Q1 24 | $1.07 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $2.3B | $1.0B |
| 总资产 | $4.1B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资LOGIUI
| Q4 25 | $1.8B | $302.8M | ||
| Q3 25 | $1.4B | $177.2M | ||
| Q2 25 | $1.5B | $149.7M | ||
| Q1 25 | $1.5B | $151.0M | ||
| Q4 24 | $1.5B | $133.1M | ||
| Q3 24 | $1.4B | $165.2M | ||
| Q2 24 | $1.5B | $126.3M | ||
| Q1 24 | $1.5B | $102.5M |
总债务LOGIUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益LOGIUI
| Q4 25 | $2.3B | $1.0B | ||
| Q3 25 | $2.1B | $828.4M | ||
| Q2 25 | $2.2B | $668.3M | ||
| Q1 25 | $2.1B | $436.1M | ||
| Q4 24 | $2.1B | $290.4M | ||
| Q3 24 | $2.1B | $188.1M | ||
| Q2 24 | $2.2B | $95.1M | ||
| Q1 24 | $2.2B | $25.9M |
总资产LOGIUI
| Q4 25 | $4.1B | $1.6B | ||
| Q3 25 | $3.7B | $1.5B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.5B | $1.3B | ||
| Q4 24 | $3.7B | $1.2B | ||
| Q3 24 | $3.6B | $1.2B | ||
| Q2 24 | $3.7B | $1.2B | ||
| Q1 24 | $3.6B | $1.2B |
负债/权益比LOGIUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $465.6M | $260.3M |
| 自由现金流率自由现金流/营收 | 32.8% | 31.9% |
| 资本支出强度资本支出/营收 | 1.0% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.91× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $903.6M | $699.5M |
8季度趋势，按日历期对齐
经营现金流LOGIUI
| Q4 25 | $480.5M | $263.9M | ||
| Q3 25 | $228.8M | $198.5M | ||
| Q2 25 | $125.0M | $130.4M | ||
| Q1 25 | $129.7M | $123.6M | ||
| Q4 24 | $370.9M | $152.4M | ||
| Q3 24 | $166.0M | $233.7M | ||
| Q2 24 | $176.0M | $231.4M | ||
| Q1 24 | $239.1M | $163.9M |
自由现金流LOGIUI
| Q4 25 | $465.6M | $260.3M | ||
| Q3 25 | $212.3M | $193.3M | ||
| Q2 25 | $108.8M | $125.2M | ||
| Q1 25 | $116.9M | $120.7M | ||
| Q4 24 | $356.6M | $150.4M | ||
| Q3 24 | $151.5M | $231.1M | ||
| Q2 24 | $161.4M | $229.5M | ||
| Q1 24 | $228.8M | $160.6M |
自由现金流率LOGIUI
| Q4 25 | 32.8% | 31.9% | ||
| Q3 25 | 17.9% | 26.3% | ||
| Q2 25 | 9.5% | 16.5% | ||
| Q1 25 | 11.6% | 18.2% | ||
| Q4 24 | 26.6% | 25.1% | ||
| Q3 24 | 13.6% | 42.0% | ||
| Q2 24 | 14.8% | 45.2% | ||
| Q1 24 | 22.6% | 32.6% |
资本支出强度LOGIUI
| Q4 25 | 1.0% | 0.4% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.4% | 0.7% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 1.3% | 0.5% | ||
| Q2 24 | 1.3% | 0.4% | ||
| Q1 24 | 1.0% | 0.7% |
现金转化率LOGIUI
| Q4 25 | 1.91× | 1.13× | ||
| Q3 25 | 1.34× | 0.95× | ||
| Q2 25 | 0.86× | 0.49× | ||
| Q1 25 | 0.90× | 0.68× | ||
| Q4 24 | 1.85× | 1.11× | ||
| Q3 24 | 1.14× | 1.83× | ||
| Q2 24 | 1.24× | 2.23× | ||
| Q1 24 | 1.43× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
