Logitech International S.A.LOGI
NasdaqGS•Technology•Computer Hardware
Logitech International S.A., through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, and gaming worldwide. The company offers products for gamers and streamers, including mice, steering wheels, headsets, keyboards, console gaming headsets, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mouse; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; webcams, including streaming cameras; tablet accessories that includes tablet keyboards; headsets, including in-ear headphones and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers. It sells its products to retailers, large and small businesses, end consumers, and e-tailers who resell to retailers, value-added resellers, systems integrators, and other distributors. The company sells its products under the Logitech and Logitech G brand names. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.
Logitech International S.A. - R (LOGI) reported trailing twelve months revenue of $4.84B as of March 2026, a 6.3% increase year-over-year. Quarterly revenue reached $1.09B, reflecting continued top-line momentum.
Logitech International S.A. - R generated $711.19M in TTM net income, with quarterly EBITDA of $152.31M. The operating margin expanded from 10.5% to 12.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (12.5%) and net margin (13.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 14.3% a year ago, reflecting increased costs or interest expense.
LOGI trades at a P/E of 18.4x (in line with broad market averages) and a P/S of 2.7x. The price-to-book ratio of 5.9x indicates a significant premium over book value.
The company generated $188.95M in free cash flow over the trailing twelve months, a 61.7% increase year-over-year, indicating cash generation ability. The balance sheet shows $3.85B in total assets with $30.50M in long-term debt against $2.21B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~14.9%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 31.0% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~9.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~15.7% — no sign of cost or pricing stress.
FCF covers net income by 1.2x on average — earnings are well-supported by cash generation.
D/E ratio is 0.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 5.2% — net buybacks are reducing shares outstanding and boosting per-share value.