Logitech International
LOGI on Nasdaq. Logitech sells computer peripherals and software to businesses and consumers. Market value $14.5bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to March 2026.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $6.93 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 58 of 100. Price score: 80 of 100. Our list needs 70 on quality and 60 on price.
$102.41 a share, 23% above its 1-year low
Over the past year the price has ranged from $83.32 to $129.66.
Dividend: 1.6% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $5.5bn | $4.5bn | $4.3bn | $4.6bn | $4.8bn |
| Operating margin | |||||
| Operating margin | 14.1% | 10.1% | 13.7% | 14.4% | 16.0% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.16bn | 0.15bn | 0.15bn | 0.15bn | 0.14bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsShrinking, 1.6% a year
- Buying back its own sharesYes, 11% fewer since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.2 billion last quarter, up 7% on a year ago.
- Profit: $236 million, up 61% on a year ago.
- It keeps 18 cents of each $1 of sales as operating profit, up from 14 cents a year earlier.
- Spare cash over the past 12 months: $1 billion, up from $734 million.
- 3% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.1bn |
| December 2024 | $1.3bn |
| March 2025 | $1.0bn |
| June 2025 | $1.1bn |
| September 2025 | $1.2bn |
| December 2025 | $1.4bn |
| March 2026 | $1.1bn |
| June 2026 | $1.2bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $145m |
| December 2024 | $200m |
| March 2025 | $144m |
| June 2025 | $146m |
| September 2025 | $171m |
| December 2025 | $251m |
| March 2026 | $143m |
| June 2026 | $236m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 21 May 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 381 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| GMOJeremy Grantham | $2m | <0.1% | Cut |
Largest holders overall
- Acadian Asset Management$569mAdded
- UBS Group AG$514mCut
- Morgan Stanley$513mAdded
- Vanguard Capital Management$438m
- Vontobel Holding$414mCut
- Pictet Asset Management Holding SA$273m
- Zurcher Kantonalbank (Zurich Cantonalbank)$242mAdded
- Deutsche Bank AG$205mAdded
- Assenagon Asset Management$196mAdded
- JPMorgan Chase$189mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- BlackRock, Inc.Passive investor5.8%−1.8 ptsSince 31 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 5.8%−1.8 pts | 31 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $2m, $2m of it under preset trading plans.
- Harnett SamanthaCHIEF LEGAL OFFICERSoldunder a preset trading plan
- Date
- 11 September 2026
- Shares
- 16,265
- Price
- $101.35
- Value
- $2m
- Montgomery NeelaDirectorSold
- Date
- 31 October 2025
- Shares
- 5,833
- Price
- $120.61
- Value
- $703,518
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 September 2026 | Harnett Samantha CHIEF LEGAL OFFICER | Sold under a preset trading plan | 16,265 | $101.35 | $2m |
| 31 October 2025 | Montgomery Neela Director | Sold | 5,833 | $120.61 | $703,518 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 21 May 2026, plus the 10-Q filed 29 Jul 2026 and 2 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 1.6% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.