Cash flow Logitech International S.A.

Equities

LOGN

CH0025751329

Computer Hardware

Delayed Swiss Exchange Other stock markets 16:31:05 13/05/2026 BST			5-day change	1st Jan Change
81.20 ^CHF	+1.53%		+1.73%	-0.42%

05-08	Swiss Market Index Closes Lower; Logitech Shares Jump	MT
05-08	A lot of noise, little impact?

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Published financial data: LOGITECH INTERNATIONAL S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	5.25B	5.48B	4.54B	4.3B	4.55B
Total Revenues	5.25B	5.48B	4.54B	4.3B	4.55B
Cost of Goods Sold, Total	2.9B	3.2B	2.81B	2.51B	2.58B
Gross Profit	2.35B	2.28B	1.73B	1.79B	1.97B
Selling General & Admin Expenses, Total	937M	1.17B	929M	883M	975M
R&D Expenses	226M	292M	281M	287M	309M
Amortization of Goodwill and Intangible Assets - (IS)	31.82M	30.18M	24.41M	21.96M	20.1M
Other Operating Expenses, Total	1.19B	1.49B	1.23B	1.19B	1.3B
Operating Income	1.15B	785M	499M	597M	668M
Interest And Investment Income	1.78M	1.25M	18.33M	50.64M	55M
Net Interest Expenses	1.78M	1.25M	18.33M	50.64M	55M
Currency Exchange Gains (Loss)	-2.69M	-4.6M	-7.34M	-8.77M	-6.4M
Other Non Operating Income (Expenses)	8.74M	2.21M	2.94M	4.2M	1.84M
EBT, Excl. Unusual Items	1.16B	784M	512M	643M	719M
Restructuring Charges	54K	-2.16M	-34.57M	-3.87M	-9.62M
Merger & Related Restructuring Charges	-575K	-791K	-301K	-	-151K
Gain (Loss) On Sale Of Investments	-5.91M	-1.68M	-14.07M	-14.67M	-2.03M
Gain (Loss) On Sale Of Assets	-1.74M	-	-	-	-
Asset Writedown	-	-7M	-	-3.53M	-
Other Unusual Items	-5.72M	3.51M	-	250K	-
EBT, Incl. Unusual Items	1.15B	776M	464M	622M	707M
Income Tax Expense	201M	131M	98.95M	9.45M	75.34M
Earnings From Continuing Operations	947M	645M	365M	612M	632M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	947M	645M	365M	612M	632M
Net Income - (IS)	947M	645M	365M	612M	632M
Net Income to Common Incl Extra Items	947M	645M	365M	612M	632M
Net Income to Common Excl. Extra Items	947M	645M	365M	612M	632M
Per Share Items
Net EPS - Basic	5.62	3.85	2.25	3.9	4.17
Basic EPS - Continuing Operations	5.62	3.85	2.25	3.9	4.17
Basic Weighted Average Shares Outstanding	169M	167M	162M	157M	151M
Net EPS - Diluted	5.51	3.78	2.23	3.87	4.13
Diluted EPS - Continuing Operations	5.51	3.78	2.23	3.87	4.13
Diluted Weighted Average Shares Outstanding	172M	170M	164M	158M	153M
Normalized Basic EPS	4.31	2.93	1.97	2.57	2.97
Normalized Diluted EPS	4.23	2.88	1.96	2.54	2.94
Dividend Per Share	0.93	0.98	1.16	1.28	1.43
Payout Ratio	15.49	24.73	43.52	29.78	32.91
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.23B	904M	599M	682M	748M
EBITA	1.18B	815M	523M	619M	688M
EBIT	1.15B	785M	499M	597M	668M
EBITDAR	1.25B	921M	620M	702M	767M
Effective Tax Rate - (Ratio)	17.49	16.92	21.35	1.52	10.66
Current Domestic Taxes	121M	59.66M	19.4M	26.83M	-14.67M
Current Foreign Taxes	45.06M	44.09M	48.83M	25.04M	33.47M
Total Current Taxes	166M	104M	68.23M	51.88M	18.8M
Deferred Domestic Taxes	31.56M	29.2M	26.63M	-47.52M	45.28M
Deferred Foreign Taxes	3.05M	-1.65M	4.08M	5.09M	11.26M
Total Deferred Taxes	34.61M	27.55M	30.71M	-42.42M	56.54M
Normalized Net Income	726M	490M	320M	402M	449M
Non-Cash Pension Expense	189K	-4.63M	-9.42M	-2.86M	-3.61M
Supplemental Operating Expense Items
Advertising Expense	450M	629M	341M	325M	355M
Selling and Marketing Expenses	770M	1.03B	809M	730M	814M
General and Administrative Expenses	167M	149M	125M	155M	164M
Research And Development Expense From Footnotes	230M	292M	281M	287M	309M
Net Rental Expense, Total	15M	17.3M	21.2M	19.5M	19.3M
Stock-Based Comp., COGS (Total)	6.44M	6.7M	5.64M	8M	10.02M
Stock-Based Comp., R&D Exp. (Total)	14.18M	18.36M	15.29M	17.84M	20.18M
Stock-Based Comp., S&M Exp. (Total)	36.79M	37.8M	34.71M	35.78M	40.38M
Stock-Based Comp., G&A Exp. (Total)	28.61M	30.63M	15.15M	21.27M	19.33M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	86.02M	93.48M	70.78M	82.89M	89.91M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.75B	1.33B	1.15B	1.52B	1.5B
Total Cash And Short Term Investments	1.75B	1.33B	1.15B	1.52B	1.5B
Accounts Receivable, Total	612M	676M	630M	542M	455M
Other Receivables	67.71M	58.85M	60.34M	41.17M	46.33M
Total Receivables	680M	734M	691M	583M	501M
Inventory	661M	933M	683M	423M	504M
Prepaid Expenses	67.94M	75.11M	82.43M	104M	84.79M
Other Current Assets, Total	-	1.52M	107K	913K	90K
Total Current Assets	3.16B	3.07B	2.61B	2.63B	2.59B
Gross Property Plant And Equipment	449M	500M	586M	565M	619M
Accumulated Depreciation	-303M	-350M	-397M	-387M	-430M
Net Property Plant And Equipment	145M	150M	189M	178M	189M
Long-term Investments	43.4M	43.07M	33.32M	28.66M	27.98M
Goodwill	430M	448M	455M	462M	463M
Other Intangibles, Total	115M	83.78M	63.17M	44.6M	24.63M
Deferred Tax Assets Long-Term	211M	194M	172M	225M	202M
Other Long-Term Assets, Total	38.79M	43.36M	43.65M	35.54M	38.68M
Total Assets	4.14B	4.04B	3.56B	3.6B	3.54B
Liabilities
Accounts Payable, Total	823M	636M	407M	449M	415M
Accrued Expenses, Total	462M	464M	343M	344M	384M
Current Portion of Leases	13.1M	13.69M	12.66M	15.11M	15.78M
Current Income Taxes Payable	131M	35.36M	18.79M	24.2M	26.84M
Unearned Revenue Current, Total	-	-	-	19.26M	25.8M
Other Current Liabilities	252M	272M	268M	235M	234M
Total Current Liabilities	1.68B	1.42B	1.05B	1.09B	1.1B
Long-Term Leases	21.32M	28.21M	58.36M	61.92M	76.62M
Unearned Revenue Non Current	-	-	-	21.1M	38.22M
Pension & Other Post Retirement Benefits	72.32M	50.74M	32.42M	42.71M	57.34M
Deferred Tax Liability Non Current	1.68M	1.96M	2.8M	705K	658K
Other Non Current Liabilities	103M	135M	160M	159M	137M
Total Liabilities	1.88B	1.64B	1.3B	1.37B	1.41B
Common Stock, Total	30.15M	30.15M	30.15M	30.15M	29.43M
Additional Paid In Capital	130M	130M	127M	63.52M	82.59M
Retained Earnings	2.49B	2.98B	3.18B	3.6B	3.63B
Treasury Stock	-280M	-633M	-977M	-1.35B	-1.46B
Comprehensive Income and Other	-109M	-104M	-100M	-111M	-147M
Total Common Equity	2.26B	2.4B	2.26B	2.23B	2.13B
Total Equity	2.26B	2.4B	2.26B	2.23B	2.13B
Total Liabilities And Equity	4.14B	4.04B	3.56B	3.6B	3.54B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	168M	165M	159M	153M	148M
ECS Total Common Shares Outstanding	168M	165M	159M	154M	149M
Book Value / Share	13.44	14.52	14.17	14.52	14.33
Tangible Book Value	1.72B	1.87B	1.74B	1.73B	1.64B
Tangible Book Value Per Share	10.2	11.3	10.92	11.22	11.04
Total Debt	34.42M	41.9M	71.02M	77.03M	92.4M
Net Debt	-1.72B	-1.29B	-1.08B	-1.44B	-1.41B
Debt Equivalent of Unfunded Proj. Benefit Obligation	74.29M	51.43M	32.74M	42.84M	57.68M
Debt Equivalent Oper. Leases	120M	138M	170M	156M	154M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	147M	226M	172M	65.21M	48.7M
Inventories - Finished Goods, Total	514M	707M	511M	357M	455M
Land - (BS)	2.91M	2.9M	2.8M	2.71M	2.65M
Machinery, Total	339M	368M	410M	408M	439M
Full Time Employees	9K	8.2K	7.4K	7.3K	7.3K
Accumulated Allowance for Doubtful Accounts (Supple)	1.16M	2.21M	86K	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	947M	645M	365M	612M	632M
Depreciation & Amortization - CF	50.75M	88.36M	76.31M	63.06M	59.66M
Amortization of Goodwill and Intangible Assets - (CF)	28.02M	30.18M	24.41M	21.68M	20.1M
Depreciation & Amortization, Total	78.77M	119M	101M	84.75M	79.76M
Amortization of Deferred Charges, Total - (CF)	3.8M	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	5.91M	1.68M	14.07M	14.67M	2.03M
Asset Writedown & Restructuring Costs	-	7M	-	3.53M	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	86.02M	93.48M	70.78M	82.89M	89.91M
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	38.42M	24.96M	27.49M	-42.3M	56.66M
Change In Accounts Receivable	-201M	-71.51M	51.18M	91.52M	69.98M
Change In Inventories	-428M	-277M	247M	260M	-80.5M
Change In Accounts Payable	554M	-181M	-219M	39.34M	-31.63M
Change in Other Net Operating Assets	373M	-62.41M	-123M	-1.22M	24.81M
Cash from Operations	1.46B	298M	534M	1.15B	843M
Capital Expenditure	-76.19M	-89.15M	-92.35M	-55.9M	-56.13M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-43.52M	-16.24M	-8.53M	-14.42M	-
Investment in Marketable and Equity Securities, Total	-1.18M	-3.2M	-4.36M	-617K	-
Other Investing Activities, Total	911K	728K	-493K	603K	-1.14M
Cash from Investing	-120M	-108M	-106M	-70.34M	-57.27M
Issuance of Common Stock	43.81M	29.65M	28.79M	32.2M	36.4M
Repurchase of Common Stock	-197M	-476M	-448M	-534M	-621M
Common Dividends Paid	-147M	-159M	-159M	-182M	-208M
Common & Preferred Stock Dividends Paid	-147M	-159M	-159M	-182M	-208M
Other Financing Activities, Total	-	-880K	-5.95M	-6.12M	-4.59M
Cash from Financing	-300M	-607M	-583M	-690M	-797M
Foreign Exchange Rate Adjustments	-3.97M	-5.25M	-24.62M	-12.79M	-5.57M
Net Change in Cash	1.03B	-422M	-180M	372M	-17.64M
Supplemental Items
Cash Income Tax Paid (Refund)	23.04M	193M	71.96M	50.86M	67.48M
Levered Free Cash Flow	1.07B	17.05M	309M	864M	567M
Unlevered Free Cash Flow	1.07B	17.05M	309M	864M	567M
Change In Net Working Capital	-255M	596M	81.96M	-379M	-35.52M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	22.18	12	8.2	10.42	11.69
Return on Total Capital	37.81	20.72	13.07	16.09	18.44
Return On Equity %	50.51	27.66	15.66	27.26	28.96
Return on Common Equity	50.51	27.66	15.66	27.26	28.96
Margin Analysis
Gross Profit Margin %	44.72	41.54	38.17	41.62	43.3
SG&A Margin	17.84	21.34	20.46	20.53	21.4
EBITDA Margin %	23.47	16.49	13.2	15.87	16.42
EBITA Margin %	22.51	14.87	11.52	14.4	15.11
EBIT Margin %	21.97	14.32	10.98	13.9	14.67
Income From Continuing Operations Margin %	18.04	11.76	8.03	14.24	13.86
Net Income Margin %	18.04	11.76	8.03	14.24	13.86
Net Avail. For Common Margin %	18.04	11.76	8.03	14.24	13.86
Normalized Net Income Margin	13.83	8.94	7.06	9.36	9.86
Levered Free Cash Flow Margin	20.36	0.31	6.8	20.1	12.44
Unlevered Free Cash Flow Margin	20.36	0.31	6.8	20.1	12.44
Asset Turnover
Asset Turnover	1.61	1.34	1.2	1.2	1.28
Fixed Assets Turnover	42.54	37.07	26.75	23.45	24.83
Receivables Turnover (Average Receivables)	10.43	8.51	6.95	7.33	9.14
Inventory Turnover (Average Inventory)	6.52	4.02	3.47	4.54	5.58
Short Term Liquidity
Current Ratio	1.88	2.16	2.48	2.42	2.35
Quick Ratio	1.44	1.45	1.75	1.94	1.82
Operating Cash Flow to Current Liabilities	0.87	0.21	0.51	1.05	0.77
Days Sales Outstanding (Average Receivables)	34.99	42.88	52.51	49.9	39.92
Days Outstanding Inventory (Average Inventory)	55.97	90.81	105.09	80.61	65.45
Average Days Payable Outstanding	59.23	76.63	74.48	69.62	59.14
Cash Conversion Cycle (Average Days)	31.73	57.06	83.12	60.89	46.23
Long Term Solvency
Total Debt/Equity	1.52	1.75	3.15	3.45	4.34
Total Debt / Total Capital	1.5	1.72	3.05	3.33	4.16
LT Debt/Equity	0.94	1.18	2.59	2.77	3.6
Long-Term Debt / Total Capital	0.93	1.16	2.51	2.68	3.45
Total Liabilities / Total Assets	45.4	40.56	36.6	38.04	39.88
Total Debt / EBITDA	0.03	0.05	0.11	0.11	0.12
Net Debt / EBITDA	-1.37	-1.4	-1.74	-2.06	-1.84
Total Debt / (EBITDA - Capex)	0.03	0.05	0.13	0.12	0.13
Net Debt / (EBITDA - Capex)	-1.46	-1.55	-2.04	-2.24	-1.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	76.5	4.36	-17.19	-5.3	5.97
Gross Profit, 1 Yr. Growth %	106.57	-3.07	-23.92	3.27	10.23
EBITDA, 1 Yr. Growth %	229.37	-26.93	-33.68	13.88	9.62
EBITA, 1 Yr. Growth %	256.68	-31.26	-35.86	18.44	11.15
EBIT, 1 Yr. Growth %	282.07	-31.98	-36.5	19.89	11.82
Earnings From Cont. Operations, 1 Yr. Growth %	110.63	-31.96	-43.43	67.91	3.17
Net Income, 1 Yr. Growth %	110.63	-31.96	-43.43	67.91	3.17
Normalized Net Income, 1 Yr. Growth %	274.6	-32.43	-34.63	25.63	11.65
Diluted EPS Before Extra, 1 Yr. Growth %	107.14	-31.4	-41.01	73.54	6.72
Accounts Receivable, 1 Yr. Growth %	55.09	10.35	-6.69	-14.07	-16.09
Inventory, 1 Yr. Growth %	188.38	41.14	-26.82	-38.13	19.23
Net Property, Plant and Equip., 1 Yr. Growth %	42.84	3.61	25.5	-5.87	6.38
Total Assets, 1 Yr. Growth %	75.27	-2.58	-11.76	1.23	-1.84
Tangible Book Value, 1 Yr. Growth %	78.6	8.72	-6.8	-0.73	-5.07
Common Equity, 1 Yr. Growth %	51.87	6.05	-5.89	-1.06	-4.76
Cash From Operations, 1 Yr. Growth %	243.21	-79.55	79.01	114.44	-26.42
Capital Expenditures, 1 Yr. Growth %	92.96	17.01	3.59	-39.47	0.41
Levered Free Cash Flow, 1 Yr. Growth %	244.55	-98.41	1.71K	180.01	-34.43
Unlevered Free Cash Flow, 1 Yr. Growth %	244.55	-98.41	1.71K	180.01	-34.43
Dividend Per Share, 1 Yr. Growth %	6.66	3.16	18.37	10.34	4.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	37.25	35.72	-7.04	-11.44	0.18
Gross Profit, 2 Yr. CAGR %	49.55	41.51	-14.12	-11.36	6.7
EBITDA, 2 Yr. CAGR %	89.1	55.06	-30.38	-13.08	11.33
EBITA, 2 Yr. CAGR %	98.07	56.48	-33.58	-12.82	14.27
EBIT, 2 Yr. CAGR %	104.07	61.21	-34.26	-12.73	15.29
Earnings From Cont. Operations, 2 Yr. CAGR %	91.77	19.71	-37.96	-2.54	31.61
Net Income, 2 Yr. CAGR %	91.77	19.71	-37.96	-2.54	31.61
Normalized Net Income, 2 Yr. CAGR %	102.34	58.97	-33.52	-9.36	18.42
Diluted EPS Before Extra, 2 Yr. CAGR %	90.39	19.21	-36.38	1.18	36.09
Accounts Receivable, 2 Yr. CAGR %	26.38	30.82	1.47	-10.46	-15.08
Inventory, 2 Yr. CAGR %	50.09	101.75	1.63	-32.71	-14.11
Net Property, Plant and Equip., 2 Yr. CAGR %	35.97	21.65	14.03	8.69	0.07
Total Assets, 2 Yr. CAGR %	43.06	30.67	-7.29	-5.49	-0.31
Tangible Book Value, 2 Yr. CAGR %	55.11	39.35	0.66	-3.81	-2.92
Common Equity, 2 Yr. CAGR %	38.66	26.91	-0.09	-3.5	-2.93
Cash From Operations, 2 Yr. CAGR %	118.62	-16.22	-39.49	95.92	25.61
Capital Expenditures, 2 Yr. CAGR %	45.62	50.26	10.1	-20.82	-22.04
Levered Free Cash Flow, 2 Yr. CAGR %	142.02	-76.56	-46.25	622.45	34.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	142.02	-76.56	-46.25	622.45	34.9
Dividend Per Share, 2 Yr. CAGR %	11.98	6.13	10.5	14.29	11.03
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	26.95	25.27	15.11	-6.46	-5.98
Gross Profit, 3 Yr. CAGR %	36.77	29.42	15.06	-8.68	-4.68
EBITDA, 3 Yr. CAGR %	63.23	37.87	16.83	-17.98	-6.08
EBITA, 3 Yr. CAGR %	69.63	39.34	16.24	-19.47	-5.45
EBIT, 3 Yr. CAGR %	72.06	41.49	18.17	-19.7	-5.2
Earnings From Cont. Operations, 3 Yr. CAGR %	65.61	35.76	-6.76	-13.54	-0.68
Net Income, 3 Yr. CAGR %	65.61	35.76	-6.76	-13.54	-0.68
Normalized Net Income, 3 Yr. CAGR %	72.09	40.31	18.22	-17.83	-2.82
Diluted EPS Before Extra, 3 Yr. CAGR %	64.85	35.48	-5.71	-11.11	3
Accounts Receivable, 3 Yr. CAGR %	41.76	20.79	16.89	-4	-12.37
Inventory, 3 Yr. CAGR %	36.51	47.04	43.88	-13.86	-18.58
Net Property, Plant and Equip., 3 Yr. CAGR %	18.94	24.19	22.92	6.97	7.91
Total Assets, 3 Yr. CAGR %	33.45	25.86	14.64	-4.53	-4.29
Tangible Book Value, 3 Yr. CAGR %	35.67	37.78	21.86	0.19	-4.23
Common Equity, 3 Yr. CAGR %	29.13	26.81	14.87	-0.42	-3.92
Cash From Operations, 3 Yr. CAGR %	61.5	-0.76	7.91	-7.75	41.35
Capital Expenditures, 3 Yr. CAGR %	24.22	35.38	32.74	-9.81	-14.29
Levered Free Cash Flow, 3 Yr. CAGR %	69.2	-54.63	-0.17	-6.84	224.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	69.2	-54.63	-0.17	-6.84	224.7
Dividend Per Share, 3 Yr. CAGR %	10.38	9.82	10.06	10.45	13.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	21.08	19.8	12.07	9.04	8.89
Gross Profit, 5 Yr. CAGR %	28.1	22.48	13.54	11.24	11.64
EBITDA, 5 Yr. CAGR %	44.35	28.72	16.15	14.62	14.76
EBITA, 5 Yr. CAGR %	51.56	30.59	16.64	15.49	15.63
EBIT, 5 Yr. CAGR %	50.92	30.77	17.08	16.6	17.21
Earnings From Cont. Operations, 5 Yr. CAGR %	49.14	25.64	11.82	18.9	7.03
Net Income, 5 Yr. CAGR %	51.34	25.64	11.82	18.9	7.03
Normalized Net Income, 5 Yr. CAGR %	50.64	30.41	17.59	17.78	18.3
Diluted EPS Before Extra, 5 Yr. CAGR %	48.23	24.97	12.64	20.55	9.2
Accounts Receivable, 5 Yr. CAGR %	33.8	29.54	24.02	7.16	2.86
Inventory, 5 Yr. CAGR %	23.64	29.79	21.31	7.56	17.05
Net Property, Plant and Equip., 5 Yr. CAGR %	9.36	11.99	16.95	17.74	13.21
Total Assets, 5 Yr. CAGR %	25.62	21.91	15.36	12.23	8.41
Tangible Book Value, 5 Yr. CAGR %	25.95	27.28	20.4	19.33	11.27
Common Equity, 5 Yr. CAGR %	24.38	22.88	16.53	13.68	7.39
Cash From Operations, 5 Yr. CAGR %	51.1	0.68	9.05	30.27	14.67
Capital Expenditures, 5 Yr. CAGR %	6.12	22.89	18.37	9.24	7.29
Levered Free Cash Flow, 5 Yr. CAGR %	49.44	-38.99	6.95	36.47	12.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	49.44	-38.99	6.95	36.47	12.8
Dividend Per Share, 5 Yr. CAGR %	10.24	9.24	10.95	11.58	10.45