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Side-by-side financial comparison of SCANSOURCE, INC. (SCSC) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $766.5M, roughly 1.8× SCANSOURCE, INC.). SEALED AIR CORP runs the higher net margin — 3.1% vs 2.2%, a 1.0% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs 2.5%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $28.9M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs 0.9%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
SCSC vs SEE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $766.5M | $1.4B |
| Net Profit | $16.5M | $43.8M |
| Gross Margin | 13.4% | 28.6% |
| Operating Margin | 2.3% | 11.4% |
| Net Margin | 2.2% | 3.1% |
| Revenue YoY | 2.5% | 2.6% |
| Net Profit YoY | -3.3% | 700.0% |
| EPS (diluted) | $0.75 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $739.6M | $1.3B | ||
| Q2 25 | $812.9M | $1.3B | ||
| Q1 25 | $704.8M | $1.3B | ||
| Q4 24 | $747.5M | $1.4B | ||
| Q3 24 | $775.6M | $1.3B | ||
| Q2 24 | $746.1M | $1.3B | ||
| Q1 24 | $752.6M | $1.3B |
| Q4 25 | $16.5M | $43.8M | ||
| Q3 25 | $19.9M | $255.1M | ||
| Q2 25 | $20.1M | $93.1M | ||
| Q1 25 | $17.4M | $113.5M | ||
| Q4 24 | $17.1M | $-7.3M | ||
| Q3 24 | $17.0M | $91.7M | ||
| Q2 24 | $16.1M | $98.3M | ||
| Q1 24 | $12.8M | $82.0M |
| Q4 25 | 13.4% | 28.6% | ||
| Q3 25 | 14.5% | 29.8% | ||
| Q2 25 | 12.9% | 30.7% | ||
| Q1 25 | 14.2% | 30.9% | ||
| Q4 24 | 13.6% | 30.0% | ||
| Q3 24 | 13.1% | 30.1% | ||
| Q2 24 | 13.0% | 31.2% | ||
| Q1 24 | 12.6% | 30.3% |
| Q4 25 | 2.3% | 11.4% | ||
| Q3 25 | 3.5% | 13.8% | ||
| Q2 25 | 3.3% | 15.0% | ||
| Q1 25 | 3.2% | 14.5% | ||
| Q4 24 | 2.5% | 11.7% | ||
| Q3 24 | 2.3% | 13.9% | ||
| Q2 24 | 2.9% | 15.4% | ||
| Q1 24 | 2.3% | 14.0% |
| Q4 25 | 2.2% | 3.1% | ||
| Q3 25 | 2.7% | 19.0% | ||
| Q2 25 | 2.5% | 7.0% | ||
| Q1 25 | 2.5% | 9.0% | ||
| Q4 24 | 2.3% | -0.5% | ||
| Q3 24 | 2.2% | 6.9% | ||
| Q2 24 | 2.2% | 7.4% | ||
| Q1 24 | 1.7% | 6.2% |
| Q4 25 | $0.75 | $0.30 | ||
| Q3 25 | $0.89 | $1.73 | ||
| Q2 25 | $0.87 | $0.63 | ||
| Q1 25 | $0.74 | $0.77 | ||
| Q4 24 | $0.70 | $-0.05 | ||
| Q3 24 | $0.69 | $0.63 | ||
| Q2 24 | $0.66 | $0.67 | ||
| Q1 24 | $0.50 | $0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.5M | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $910.9M | $1.2B |
| Total Assets | $1.7B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.5M | $344.0M | ||
| Q3 25 | $124.9M | $282.5M | ||
| Q2 25 | $126.2M | $354.4M | ||
| Q1 25 | $146.3M | $335.2M | ||
| Q4 24 | $110.5M | $371.8M | ||
| Q3 24 | $145.0M | $386.0M | ||
| Q2 24 | $185.5M | $388.6M | ||
| Q1 24 | $159.1M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $910.9M | $1.2B | ||
| Q3 25 | $914.0M | $1.2B | ||
| Q2 25 | $906.4M | $953.1M | ||
| Q1 25 | $901.7M | $797.9M | ||
| Q4 24 | $900.7M | $624.5M | ||
| Q3 24 | $920.9M | $771.2M | ||
| Q2 24 | $924.3M | $650.1M | ||
| Q1 24 | $944.1M | $598.3M |
| Q4 25 | $1.7B | $7.0B | ||
| Q3 25 | $1.7B | $7.1B | ||
| Q2 25 | $1.8B | $7.2B | ||
| Q1 25 | $1.7B | $7.0B | ||
| Q4 24 | $1.7B | $7.0B | ||
| Q3 24 | $1.8B | $7.3B | ||
| Q2 24 | $1.8B | $7.3B | ||
| Q1 24 | $1.8B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $30.8M | $293.6M |
| Free Cash FlowOCF − Capex | $28.9M | $257.7M |
| FCF MarginFCF / Revenue | 3.8% | 18.5% |
| Capex IntensityCapex / Revenue | 0.3% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.87× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.8M | $293.6M | ||
| Q3 25 | $23.2M | $165.9M | ||
| Q2 25 | — | $136.6M | ||
| Q1 25 | $66.1M | $31.9M | ||
| Q4 24 | $-6.2M | $244.2M | ||
| Q3 24 | $44.8M | $170.5M | ||
| Q2 24 | — | $188.2M | ||
| Q1 24 | $160.2M | $125.1M |
| Q4 25 | $28.9M | $257.7M | ||
| Q3 25 | $20.8M | $119.6M | ||
| Q2 25 | — | $93.2M | ||
| Q1 25 | $64.6M | $-12.0M | ||
| Q4 24 | $-8.2M | $185.1M | ||
| Q3 24 | $42.5M | $115.2M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | $157.7M | $78.0M |
| Q4 25 | 3.8% | 18.5% | ||
| Q3 25 | 2.8% | 8.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | 9.2% | -0.9% | ||
| Q4 24 | -1.1% | 13.6% | ||
| Q3 24 | 5.5% | 8.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | 21.0% | 5.9% |
| Q4 25 | 0.3% | 2.6% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.3% | 3.3% | ||
| Q1 25 | 0.2% | 3.5% | ||
| Q4 24 | 0.3% | 4.4% | ||
| Q3 24 | 0.3% | 4.1% | ||
| Q2 24 | 0.2% | 4.4% | ||
| Q1 24 | 0.3% | 3.6% |
| Q4 25 | 1.87× | 6.70× | ||
| Q3 25 | 1.17× | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | 3.79× | 0.28× | ||
| Q4 24 | -0.36× | — | ||
| Q3 24 | 2.64× | 1.86× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | 12.51× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
