LOGITECH INTERNATIONAL S.A. LOGI
Founded in 1981, and headquartered in Lausanne, Switzerland, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Logitech's website address is www.logitech.com.
Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating and gaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. We sell the vast majority of our products under the Logitech and Logitech G brand names.
Our diverse, innovative portfolio includes the following product categories: Gaming, Keyboards & Combos, Pointing Devices, Video Collaboration, Webcams, Tablet Accessories, and Headsets. These products are all classified under a single operating segment: Peripherals (see Note 15 to our consolidated financial statements). They are compatible with many cloud or cloud-based services: video conferencing platforms (e.g. Zoom, Microsoft Teams, Google Meet); esports or video games (e.g. League of Legends, Call of Duty, Gran Turismo); music streaming platforms (e.g. Spotify, Apple Music); content streaming platforms (e.g. Twitch, YouTube); and creativity and productivity platforms (e.g. Google Workplace, Adobe Creative Cloud). Our products are also enhanced through software, including machine learning and artificial intelligence ("AI"). We may launch adjacent new categories in the future.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.84B | $4.55B | $4.30B | $4.54B | $5.48B | $5.25B | $2.98B | $2.79B | $2.57B | $2.22B |
| Cost of revenue | — | — | — | — | — | — | — | — | — | $1.40B |
| Gross profit | $2.09B | $1.96B | $1.78B | $1.72B | $2.26B | $2.34B | $1.12B | $1.04B | $909.2M | $820.0M |
| R&D | $316.2M | $309.0M | $287.2M | $280.8M | $291.8M | $226.0M | $177.6M | $161.2M | $143.8M | $130.5M |
| SG&A | $167.2M | $164.0M | $155.1M | $124.7M | $148.6M | $166.6M | $94.0M | $98.7M | $96.4M | $100.3M |
| Total operating expenses | $1.32B | $1.31B | $1.19B | $1.26B | $1.49B | $1.19B | $845.9M | $773.8M | $679.5M | $608.2M |
| Operating income | $775.2M | $654.9M | $587.3M | $458.5M | $774.0M | $1.15B | $276.5M | $263.2M | $229.7M | $211.9M |
| Pre-tax income | $826.5M | $706.9M | $621.6M | $463.5M | $775.8M | $1.15B | $324.3M | $271.1M | $232.3M | $215.0M |
| Income tax | $115.3M | $75.3M | $9.5M | $98.9M | $131.3M | $200.9M | $125.4M | $13.6M | $23.7M | $9.1M |
| Net income | $711.2M | $631.5M | $612.1M | $364.6M | $644.5M | $947.3M | — | — | — | — |
| EPS, basic | 4.85 | 4.17 | 3.90 | 2.25 | 3.85 | 5.62 | 2.70 | 1.56 | 1.27 | 1.27 |
| EPS, diluted | 4.80 | 4.13 | 3.87 | 2.23 | 3.78 | 5.51 | 2.66 | 1.52 | 1.23 | 1.24 |
| Shares, diluted (wtd. avg.) | $148.2M | $152.8M | $158.2M | $163.7M | $170.4M | $171.8M | $169.4M | $169.0M | $169.0M | $165.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.74B | $1.50B | $1.52B | $1.15B | $1.33B | $1.75B | $715.6M | $604.5M | $641.9M | $547.5M |
| Receivables | $505.9M | $454.5M | $541.7M | $630.4M | $675.6M | $612.2M | $394.7M | $383.3M | $320.7M | $185.2M |
| Inventory | $489.9M | $503.7M | $422.5M | $682.9M | $933.1M | $661.1M | $229.2M | $293.5M | $259.9M | $253.4M |
| Total current assets | $2.92B | $2.59B | $2.63B | $2.61B | $3.07B | $3.16B | $1.41B | $1.35B | $1.17B | $1.03B |
| Property, plant and equipment | $116.5M | $113.9M | $116.6M | $121.5M | $109.8M | $114.1M | $76.1M | $78.6M | $86.3M | $85.4M |
| Goodwill | $465.4M | $463.2M | $462.0M | $454.6M | $448.2M | $429.6M | $400.9M | $343.7M | $275.5M | $249.7M |
| Other intangibles | $12.4M | $24.6M | $44.6M | $63.2M | $83.8M | $115.1M | $126.9M | $119.0M | $87.5M | $47.6M |
| Total assets | $3.85B | $3.54B | $3.60B | $3.56B | $4.04B | $4.14B | $2.36B | $2.02B | $1.74B | $1.50B |
| Accounts payable | $531.0M | $414.6M | $448.6M | $407.0M | $636.3M | $823.2M | $259.1M | $283.9M | $294.0M | $274.8M |
| Total current liabilities | $1.31B | $1.10B | $1.09B | $1.05B | $1.42B | $1.68B | $714.1M | $717.8M | $575.7M | $507.1M |
| Total liabilities | $1.64B | $1.41B | $1.37B | $1.30B | $1.64B | $1.88B | $874.2M | $847.8M | $692.6M | $642.6M |
| Retained earnings | $3.38B | $3.63B | $3.60B | $3.18B | $2.98B | $2.49B | $1.69B | $1.37B | $1.22B | $1.07B |
| Total equity | $2.21B | $2.13B | $2.23B | $2.26B | $2.40B | $2.26B | $1.49B | $1.18B | $1.05B | $856.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.04B | $842.6M | $1.15B | $534.0M | $298.3M | $1.46B | $425.0M | $305.2M | $346.3M | $288.4M |
| Depreciation and amortisation | $64.1M | $59.7M | $63.1M | $76.3M | $88.4M | $50.8M | $42.9M | $43.5M | $41.3M | $41.1M |
| Stock-based compensation | $112.4M | $89.9M | $82.9M | $70.8M | $93.5M | $86.0M | $54.9M | $50.3M | $44.1M | $35.9M |
| Capital expenditure | $61.6M | $56.1M | $55.9M | $92.4M | $89.2M | $76.2M | $39.5M | $35.9M | $39.7M | $31.8M |
| Investing cash flow | -$62.4M | -$57.3M | -$70.3M | -$105.7M | -$107.9M | -$120.0M | -$130.2M | -$173.3M | -$128.7M | -$99.7M |
| Financing cash flow | -$751.1M | -$797.4M | -$690.2M | -$583.4M | -$606.8M | -$299.9M | -$176.7M | -$159.1M | -$127.9M | -$155.7M |
| Buybacks | $534.9M | $588.8M | $504.2M | $418.3M | $412.0M | $165.0M | $50.4M | $32.4M | $30.7M | $83.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001032975-26-000021.
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