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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) 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 $739.8M, roughly 1.0× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 2.2%, a 26.8% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 2.5%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $-14.7M).
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
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.
CRCL vs SCSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $766.5M |
| Net Profit | $214.4M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 11.0% | 2.3% |
| Net Margin | 29.0% | 2.2% |
| Revenue YoY | 5113.5% | 2.5% |
| Net Profit YoY | 202.0% | -3.3% |
| EPS (diluted) | $0.64 | $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.
| Q4 25 | — | $766.5M | ||
| Q3 25 | $739.8M | $739.6M | ||
| Q2 25 | $658.1M | $812.9M | ||
| Q1 25 | — | $704.8M | ||
| Q4 24 | — | $747.5M | ||
| Q3 24 | — | $775.6M | ||
| Q2 24 | $6.8M | $746.1M | ||
| Q1 24 | — | $752.6M |
| Q4 25 | — | $16.5M | ||
| Q3 25 | $214.4M | $19.9M | ||
| Q2 25 | $-482.1M | $20.1M | ||
| Q1 25 | — | $17.4M | ||
| Q4 24 | — | $17.1M | ||
| Q3 24 | — | $17.0M | ||
| Q2 24 | $32.9M | $16.1M | ||
| Q1 24 | — | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | 11.0% | 3.5% | ||
| Q2 25 | -49.5% | 3.3% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 29.0% | 2.7% | ||
| Q2 25 | -73.3% | 2.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | 486.5% | 2.2% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | $0.75 | ||
| Q3 25 | $0.64 | $0.89 | ||
| Q2 25 | $-4.48 | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | $0.00 | $0.66 | ||
| Q1 24 | — | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $910.9M |
| Total Assets | $76.8B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.5M | ||
| Q3 25 | $1.3B | $124.9M | ||
| Q2 25 | $1.1B | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | $457.5M | $185.5M | ||
| Q1 24 | — | $159.1M |
| Q4 25 | — | $910.9M | ||
| Q3 25 | $3.0B | $914.0M | ||
| Q2 25 | $2.4B | $906.4M | ||
| Q1 25 | — | $901.7M | ||
| Q4 24 | — | $900.7M | ||
| Q3 24 | — | $920.9M | ||
| Q2 24 | $460.9M | $924.3M | ||
| Q1 24 | — | $944.1M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $76.8B | $1.7B | ||
| Q2 25 | $64.2B | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.7M | $30.8M |
| Free Cash FlowOCF − Capex | $-14.7M | $28.9M |
| FCF MarginFCF / Revenue | -2.0% | 3.8% |
| Capex IntensityCapex / Revenue | 0.5% | 0.3% |
| Cash ConversionOCF / Net Profit | -0.05× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.8M | ||
| Q3 25 | $-10.7M | $23.2M | ||
| Q2 25 | $303.7M | — | ||
| Q1 25 | — | $66.1M | ||
| Q4 24 | — | $-6.2M | ||
| Q3 24 | — | $44.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $160.2M |
| Q4 25 | — | $28.9M | ||
| Q3 25 | $-14.7M | $20.8M | ||
| Q2 25 | $296.3M | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
| Q4 25 | — | 3.8% | ||
| Q3 25 | -2.0% | 2.8% | ||
| Q2 25 | 45.0% | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | -0.05× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCL
Segment breakdown not available.
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
