Quality Investor

Logitech International S.A.

Rank #73Capital ReturnWatchlistCompare with other stocks

LOGI · Nasdaq · Technology

Logitech International S.A. (LOGI) — Rank #73 by gross profitability (GP/assets 0.52) · ROE 30.2% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · CIK 0001032975 · all metrics point-in-time as of the filing date.

About

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, and gaming worldwide.

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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.

Industry
Computer Hardware
Sector
Technology
Filer Category
Large accelerated filer
Fiscal Year End
March 31

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

7,300

Industry

Computer Hardware

Exchange

Nasdaq

12/12

Flags passed

LOGI passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.52
Return on equity
30.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.72
Current ratio
2.31×
Net cash
$1.75B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
2.3%

Growth

2/2 pass
Revenue growth
6.3%
Piotroski F-Score
6 / 9
Share dilution
-3.0%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 92nd percentile of 26 SIC 35 peers

Gross profitability (GP / assets)

0.52

Primary signal (Novy-Marx).

92nd pctl of 26 SIC 35 peers

Return on equity

30.2%

Gross margin

43.2%

48th pctl of 26 SIC 35 peers

Revenue growth (YoY)

6.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

2.2%

Revenue CAGR (5Y)

-1.6%

Earnings CAGR (3Y)

24.9%

FCF CAGR (3Y)

30.2%

Cash Flow Health

Is the cash real?

No warning flags · FCF 37% above net income

Free cash flow

$975.64M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

37.2%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

2.3%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $1.75B, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.72

64th pctl of 26 SIC 35 peers (best = lowest)

Current ratio

2.31×

64th pctl of 26 SIC 35 peers

Quick ratio

1.79×

Net cash

$1.75B

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

4.0 / 5

Strong
Share count trend(net buybacks)
-3.0%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
6.2%5/5 Strong

Lifecycle Phase History

20212026
Hypergrowth
Value
Decline
Capital Return

Price History

LOGI+10.4% · +2.0% CAGRSPY+82.9% · +12.8% CAGR