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罗技（LOGI）与微博公司（WB）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微博公司的1.1倍（$1.4B vs $1.3B），微博公司净利率更高（35.7% vs 17.7%，领先18.0%），过去两年微博公司的营收复合增速更高（22.6% 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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
LOGI vs WB — 直观对比
营收规模更大
LOGI
是对方的1.1倍
$1.3B
净利率更高
WB
高出18.0%
17.7%
两年增速更快
WB
近两年复合增速
18.5%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $251.0M | $458.3M |
| 毛利率 | 43.2% | — |
| 营业利润率 | 20.1% | 29.1% |
| 净利率 | 17.7% | 35.7% |
| 营收同比 | 6.1% | — |
| 净利润同比 | 25.4% | — |
| 每股收益（稀释后） | $1.69 | — |
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LOGIWB
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $841.7M | ||
| Q1 25 | $1.0B | $396.9M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $833.4M | ||
| Q1 24 | $1.0B | $395.5M |
净利润LOGIWB
| Q4 25 | $251.0M | — | ||
| Q3 25 | $170.7M | $458.3M | ||
| Q2 25 | $146.0M | $234.8M | ||
| Q1 25 | $144.1M | $108.1M | ||
| Q4 24 | $200.1M | — | ||
| Q3 24 | $145.5M | $297.4M | ||
| Q2 24 | $141.8M | $164.6M | ||
| Q1 24 | $167.6M | $51.1M |
毛利率LOGIWB
| Q4 25 | 43.2% | — | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 43.1% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 42.8% | — | ||
| Q1 24 | 43.2% | — |
营业利润率LOGIWB
| Q4 25 | 20.1% | — | ||
| Q3 25 | 16.1% | 29.1% | ||
| Q2 25 | 14.1% | 30.4% | ||
| Q1 25 | 10.5% | 27.8% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 14.4% | 29.0% | ||
| Q2 24 | 14.1% | 28.2% | ||
| Q1 24 | 12.9% | 25.2% |
净利率LOGIWB
| Q4 25 | 17.7% | — | ||
| Q3 25 | 14.4% | 35.7% | ||
| Q2 25 | 12.7% | 27.9% | ||
| Q1 25 | 14.3% | 27.2% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 13.0% | 22.9% | ||
| Q2 24 | 13.0% | 19.8% | ||
| Q1 24 | 16.6% | 12.9% |
每股收益（稀释后）LOGIWB
| Q4 25 | $1.69 | — | ||
| Q3 25 | $1.15 | — | ||
| Q2 25 | $0.98 | — | ||
| Q1 25 | $0.94 | — | ||
| Q4 24 | $1.32 | — | ||
| Q3 24 | $0.95 | — | ||
| Q2 24 | $0.92 | — | ||
| Q1 24 | $1.07 | — |
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 | — | — |
| 股东权益账面价值 | $2.3B | $3.9B |
| 总资产 | $4.1B | $6.9B |
| 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LOGIWB
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.5B | $2.1B |
股东权益LOGIWB
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.2B | $3.6B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.2B | $3.4B | ||
| Q1 24 | $2.2B | $3.3B |
总资产LOGIWB
| Q4 25 | $4.1B | — | ||
| Q3 25 | $3.7B | $6.9B | ||
| Q2 25 | $3.7B | $6.5B | ||
| Q1 25 | $3.5B | $6.7B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.7B | $7.1B | ||
| Q1 24 | $3.6B | $7.3B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $465.6M | — |
| 自由现金流率自由现金流/营收 | 32.8% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 1.91× | — |
| 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LOGIWB
| Q4 25 | $480.5M | — | ||
| Q3 25 | $228.8M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $129.7M | — | ||
| Q4 24 | $370.9M | — | ||
| Q3 24 | $166.0M | — | ||
| Q2 24 | $176.0M | — | ||
| Q1 24 | $239.1M | — |
自由现金流LOGIWB
| Q4 25 | $465.6M | — | ||
| Q3 25 | $212.3M | — | ||
| Q2 25 | $108.8M | — | ||
| Q1 25 | $116.9M | — | ||
| Q4 24 | $356.6M | — | ||
| Q3 24 | $151.5M | — | ||
| Q2 24 | $161.4M | — | ||
| Q1 24 | $228.8M | — |
自由现金流率LOGIWB
| Q4 25 | 32.8% | — | ||
| Q3 25 | 17.9% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | 14.8% | — | ||
| Q1 24 | 22.6% | — |
资本支出强度LOGIWB
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.0% | — |
现金转化率LOGIWB
| Q4 25 | 1.91× | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.24× | — | ||
| 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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
