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Side-by-side financial comparison of BIO-RAD LABORATORIES, INC. (BIO) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.

SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $693.2M, roughly 1.1× BIO-RAD LABORATORIES, INC.). BIO-RAD LABORATORIES, INC. runs the higher net margin — 103.9% vs 2.2%, a 101.7% gap on every dollar of revenue. On growth, BIO-RAD LABORATORIES, INC. posted the faster year-over-year revenue change (3.9% vs 2.5%). BIO-RAD LABORATORIES, INC. produced more free cash flow last quarter ($119.1M vs $28.9M). Over the past eight quarters, BIO-RAD LABORATORIES, INC.'s revenue compounded faster (6.5% CAGR vs 0.9%).

Bio-Rad Laboratories, Inc. is an American developer and manufacturer of specialized technological products for the life science research and clinical diagnostics markets. The company was founded in 1952 in Berkeley, California, by husband and wife team David and Alice Schwartz, both graduates of the University of California, Berkeley. Bio-Rad is based in Hercules, California, and has operations worldwide.

ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.

BIO vs SCSC — Head-to-Head

Bigger by revenue
SCSC
SCSC
1.1× larger
SCSC
$766.5M
$693.2M
BIO
Growing faster (revenue YoY)
BIO
BIO
+1.3% gap
BIO
3.9%
2.5%
SCSC
Higher net margin
BIO
BIO
101.7% more per $
BIO
103.9%
2.2%
SCSC
More free cash flow
BIO
BIO
$90.2M more FCF
BIO
$119.1M
$28.9M
SCSC
Faster 2-yr revenue CAGR
BIO
BIO
Annualised
BIO
6.5%
0.9%
SCSC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BIO
BIO
SCSC
SCSC
Revenue
$693.2M
$766.5M
Net Profit
$720.0M
$16.5M
Gross Margin
49.8%
13.4%
Operating Margin
-17.2%
2.3%
Net Margin
103.9%
2.2%
Revenue YoY
3.9%
2.5%
Net Profit YoY
200.6%
-3.3%
EPS (diluted)
$26.59
$0.75

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BIO
BIO
SCSC
SCSC
Q4 25
$693.2M
$766.5M
Q3 25
$653.0M
$739.6M
Q2 25
$651.6M
$812.9M
Q1 25
$585.4M
$704.8M
Q4 24
$667.5M
$747.5M
Q3 24
$649.7M
$775.6M
Q2 24
$638.5M
$746.1M
Q1 24
$610.8M
$752.6M
Net Profit
BIO
BIO
SCSC
SCSC
Q4 25
$720.0M
$16.5M
Q3 25
$-341.9M
$19.9M
Q2 25
$317.8M
$20.1M
Q1 25
$64.0M
$17.4M
Q4 24
$-715.8M
$17.1M
Q3 24
$653.2M
$17.0M
Q2 24
$-2.2B
$16.1M
Q1 24
$383.9M
$12.8M
Gross Margin
BIO
BIO
SCSC
SCSC
Q4 25
49.8%
13.4%
Q3 25
52.6%
14.5%
Q2 25
53.0%
12.9%
Q1 25
52.3%
14.2%
Q4 24
51.2%
13.6%
Q3 24
54.8%
13.1%
Q2 24
55.6%
13.0%
Q1 24
53.4%
12.6%
Operating Margin
BIO
BIO
SCSC
SCSC
Q4 25
-17.2%
2.3%
Q3 25
10.0%
3.5%
Q2 25
11.8%
3.3%
Q1 25
4.0%
3.2%
Q4 24
8.7%
2.5%
Q3 24
9.9%
2.3%
Q2 24
15.9%
2.9%
Q1 24
7.3%
2.3%
Net Margin
BIO
BIO
SCSC
SCSC
Q4 25
103.9%
2.2%
Q3 25
-52.4%
2.7%
Q2 25
48.8%
2.5%
Q1 25
10.9%
2.5%
Q4 24
-107.2%
2.3%
Q3 24
100.5%
2.2%
Q2 24
-339.2%
2.2%
Q1 24
62.9%
1.7%
EPS (diluted)
BIO
BIO
SCSC
SCSC
Q4 25
$26.59
$0.75
Q3 25
$-12.70
$0.89
Q2 25
$11.67
$0.87
Q1 25
$2.29
$0.74
Q4 24
$-25.89
$0.70
Q3 24
$23.34
$0.69
Q2 24
$-76.26
$0.66
Q1 24
$13.45
$0.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BIO
BIO
SCSC
SCSC
Cash + ST InvestmentsLiquidity on hand
$1.5B
$83.5M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$7.5B
$910.9M
Total Assets
$10.6B
$1.7B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIO
BIO
SCSC
SCSC
Q4 25
$1.5B
$83.5M
Q3 25
$1.4B
$124.9M
Q2 25
$1.4B
$126.2M
Q1 25
$1.7B
$146.3M
Q4 24
$1.7B
$110.5M
Q3 24
$1.6B
$145.0M
Q2 24
$1.6B
$185.5M
Q1 24
$1.6B
$159.1M
Total Debt
BIO
BIO
SCSC
SCSC
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BIO
BIO
SCSC
SCSC
Q4 25
$7.5B
$910.9M
Q3 25
$6.7B
$914.0M
Q2 25
$7.1B
$906.4M
Q1 25
$6.7B
$901.7M
Q4 24
$6.6B
$900.7M
Q3 24
$7.5B
$920.9M
Q2 24
$6.8B
$924.3M
Q1 24
$9.1B
$944.1M
Total Assets
BIO
BIO
SCSC
SCSC
Q4 25
$10.6B
$1.7B
Q3 25
$9.7B
$1.7B
Q2 25
$10.2B
$1.8B
Q1 25
$9.5B
$1.7B
Q4 24
$9.4B
$1.7B
Q3 24
$10.6B
$1.8B
Q2 24
$9.7B
$1.8B
Q1 24
$12.6B
$1.8B
Debt / Equity
BIO
BIO
SCSC
SCSC
Q4 25
0.16×
Q3 25
0.18×
Q2 25
Q1 25
Q4 24
0.18×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BIO
BIO
SCSC
SCSC
Operating Cash FlowLast quarter
$164.9M
$30.8M
Free Cash FlowOCF − Capex
$119.1M
$28.9M
FCF MarginFCF / Revenue
17.2%
3.8%
Capex IntensityCapex / Revenue
6.6%
0.3%
Cash ConversionOCF / Net Profit
0.23×
1.87×
TTM Free Cash FlowTrailing 4 quarters
$374.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIO
BIO
SCSC
SCSC
Q4 25
$164.9M
$30.8M
Q3 25
$120.9M
$23.2M
Q2 25
$116.5M
Q1 25
$129.9M
$66.1M
Q4 24
$124.2M
$-6.2M
Q3 24
$163.6M
$44.8M
Q2 24
$97.6M
Q1 24
$69.8M
$160.2M
Free Cash Flow
BIO
BIO
SCSC
SCSC
Q4 25
$119.1M
$28.9M
Q3 25
$89.2M
$20.8M
Q2 25
$70.8M
Q1 25
$95.5M
$64.6M
Q4 24
$81.2M
$-8.2M
Q3 24
$123.4M
$42.5M
Q2 24
$55.4M
Q1 24
$29.6M
$157.7M
FCF Margin
BIO
BIO
SCSC
SCSC
Q4 25
17.2%
3.8%
Q3 25
13.7%
2.8%
Q2 25
10.9%
Q1 25
16.3%
9.2%
Q4 24
12.2%
-1.1%
Q3 24
19.0%
5.5%
Q2 24
8.7%
Q1 24
4.8%
21.0%
Capex Intensity
BIO
BIO
SCSC
SCSC
Q4 25
6.6%
0.3%
Q3 25
4.9%
0.3%
Q2 25
7.0%
0.3%
Q1 25
5.9%
0.2%
Q4 24
6.4%
0.3%
Q3 24
6.2%
0.3%
Q2 24
6.6%
0.2%
Q1 24
6.6%
0.3%
Cash Conversion
BIO
BIO
SCSC
SCSC
Q4 25
0.23×
1.87×
Q3 25
1.17×
Q2 25
0.37×
Q1 25
2.03×
3.79×
Q4 24
-0.36×
Q3 24
0.25×
2.64×
Q2 24
Q1 24
0.18×
12.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BIO
BIO

Clinical Diagnostics$425.3M61%
Life Science$267.9M39%

SCSC
SCSC

Products And Services$723.4M94%
Intelisys Advisory$25.0M3%
Recurring Revenue$18.2M2%

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