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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) 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 $487.3M, roughly 1.6× National Vision Holdings, Inc.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs 0.7%, a 1.5% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 2.5%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $28.9M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% CAGR vs 0.9%).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
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.
EYE vs SCSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $766.5M |
| Net Profit | $3.4M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 2.0% | 2.3% |
| Net Margin | 0.7% | 2.2% |
| Revenue YoY | 7.9% | 2.5% |
| Net Profit YoY | 139.8% | -3.3% |
| EPS (diluted) | $0.04 | $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 | $487.3M | $739.6M | ||
| Q2 25 | $486.4M | $812.9M | ||
| Q1 25 | $510.3M | $704.8M | ||
| Q4 24 | $437.3M | $747.5M | ||
| Q3 24 | $451.5M | $775.6M | ||
| Q2 24 | $451.7M | $746.1M | ||
| Q1 24 | $482.8M | $752.6M |
| Q4 25 | — | $16.5M | ||
| Q3 25 | $3.4M | $19.9M | ||
| Q2 25 | $8.7M | $20.1M | ||
| Q1 25 | $14.2M | $17.4M | ||
| Q4 24 | $-28.6M | $17.1M | ||
| Q3 24 | $-8.5M | $17.0M | ||
| Q2 24 | $-3.1M | $16.1M | ||
| Q1 24 | $11.7M | $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 | 2.0% | 3.5% | ||
| Q2 25 | 3.4% | 3.3% | ||
| Q1 25 | 5.1% | 3.2% | ||
| Q4 24 | -5.8% | 2.5% | ||
| Q3 24 | -2.0% | 2.3% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | 4.9% | 2.3% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 0.7% | 2.7% | ||
| Q2 25 | 1.8% | 2.5% | ||
| Q1 25 | 2.8% | 2.5% | ||
| Q4 24 | -6.5% | 2.3% | ||
| Q3 24 | -1.9% | 2.2% | ||
| Q2 24 | -0.7% | 2.2% | ||
| Q1 24 | 2.4% | 1.7% |
| Q4 25 | — | $0.75 | ||
| Q3 25 | $0.04 | $0.89 | ||
| Q2 25 | $0.11 | $0.87 | ||
| Q1 25 | $0.18 | $0.74 | ||
| Q4 24 | $-0.36 | $0.70 | ||
| Q3 24 | $-0.11 | $0.69 | ||
| Q2 24 | $-0.04 | $0.66 | ||
| Q1 24 | $0.15 | $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 | $56.0M | $83.5M |
| Total DebtLower is stronger | $236.5M | — |
| Stockholders' EquityBook value | $858.8M | $910.9M |
| Total Assets | $2.0B | $1.7B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.5M | ||
| Q3 25 | $56.0M | $124.9M | ||
| Q2 25 | $48.5M | $126.2M | ||
| Q1 25 | $80.0M | $146.3M | ||
| Q4 24 | $73.9M | $110.5M | ||
| Q3 24 | $81.2M | $145.0M | ||
| Q2 24 | $179.5M | $185.5M | ||
| Q1 24 | $150.1M | $159.1M |
| Q4 25 | — | — | ||
| Q3 25 | $236.5M | — | ||
| Q2 25 | $255.6M | — | ||
| Q1 25 | $244.7M | — | ||
| Q4 24 | $248.6M | — | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $143.9M | — | ||
| Q1 24 | $448.6M | — |
| Q4 25 | — | $910.9M | ||
| Q3 25 | $858.8M | $914.0M | ||
| Q2 25 | $850.6M | $906.4M | ||
| Q1 25 | $836.2M | $901.7M | ||
| Q4 24 | $816.3M | $900.7M | ||
| Q3 24 | $840.0M | $920.9M | ||
| Q2 24 | $843.4M | $924.3M | ||
| Q1 24 | $841.3M | $944.1M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.1B | $1.8B | ||
| Q1 24 | $2.2B | $1.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.53× | — |
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 | $46.6M | $30.8M |
| Free Cash FlowOCF − Capex | $30.3M | $28.9M |
| FCF MarginFCF / Revenue | 6.2% | 3.8% |
| Capex IntensityCapex / Revenue | 3.4% | 0.3% |
| Cash ConversionOCF / Net Profit | 13.83× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.8M | ||
| Q3 25 | $46.6M | $23.2M | ||
| Q2 25 | $54.3M | — | ||
| Q1 25 | $32.2M | $66.1M | ||
| Q4 24 | $30.3M | $-6.2M | ||
| Q3 24 | $27.9M | $44.8M | ||
| Q2 24 | $51.5M | — | ||
| Q1 24 | $24.0M | $160.2M |
| Q4 25 | — | $28.9M | ||
| Q3 25 | $30.3M | $20.8M | ||
| Q2 25 | $42.4M | — | ||
| Q1 25 | $12.0M | $64.6M | ||
| Q4 24 | $-1.7M | $-8.2M | ||
| Q3 24 | $4.1M | $42.5M | ||
| Q2 24 | $31.9M | — | ||
| Q1 24 | $4.0M | $157.7M |
| Q4 25 | — | 3.8% | ||
| Q3 25 | 6.2% | 2.8% | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 2.4% | 9.2% | ||
| Q4 24 | -0.4% | -1.1% | ||
| Q3 24 | 0.9% | 5.5% | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | 0.8% | 21.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 3.4% | 0.3% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | 4.0% | 0.2% | ||
| Q4 24 | 7.3% | 0.3% | ||
| Q3 24 | 5.3% | 0.3% | ||
| Q2 24 | 4.3% | 0.2% | ||
| Q1 24 | 4.1% | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | 13.83× | 1.17× | ||
| Q2 25 | 6.22× | — | ||
| Q1 25 | 2.27× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.05× | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYE
Segment breakdown not available.
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
