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Arcosa, Inc.（ACA）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是Arcosa, Inc.的1.1倍（$766.5M vs $716.7M），Arcosa, Inc.净利率更高（7.3% vs 2.2%，领先5.1%），Arcosa, Inc.同比增速更快（7.6% vs 2.5%），Arcosa, Inc.自由现金流更多（$55.8M vs $28.9M），过去两年Arcosa, Inc.的营收复合增速更高（9.4% vs 0.9%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
ACA vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.1倍
$716.7M
营收增速更快
ACA
高出5.0%
2.5%
净利率更高
ACA
高出5.1%
2.2%
自由现金流更多
ACA
多$26.9M
$28.9M
两年增速更快
ACA
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $766.5M |
| 净利润 | $52.1M | $16.5M |
| 毛利率 | 22.9% | 13.4% |
| 营业利润率 | 11.0% | 2.3% |
| 净利率 | 7.3% | 2.2% |
| 营收同比 | 7.6% | 2.5% |
| 净利润同比 | 776.6% | -3.3% |
| 每股收益（稀释后） | $1.06 | $0.75 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACASCSC
| Q4 25 | $716.7M | $766.5M | ||
| Q3 25 | $797.8M | $739.6M | ||
| Q2 25 | $736.9M | $812.9M | ||
| Q1 25 | $632.0M | $704.8M | ||
| Q4 24 | $666.2M | $747.5M | ||
| Q3 24 | $640.4M | $775.6M | ||
| Q2 24 | $664.7M | $746.1M | ||
| Q1 24 | $598.6M | $752.6M |
净利润ACASCSC
| Q4 25 | $52.1M | $16.5M | ||
| Q3 25 | $73.0M | $19.9M | ||
| Q2 25 | $59.7M | $20.1M | ||
| Q1 25 | $23.6M | $17.4M | ||
| Q4 24 | $-7.7M | $17.1M | ||
| Q3 24 | $16.6M | $17.0M | ||
| Q2 24 | $45.6M | $16.1M | ||
| Q1 24 | $39.2M | $12.8M |
毛利率ACASCSC
| Q4 25 | 22.9% | 13.4% | ||
| Q3 25 | 24.1% | 14.5% | ||
| Q2 25 | 22.5% | 12.9% | ||
| Q1 25 | 19.8% | 14.2% | ||
| Q4 24 | 19.3% | 13.6% | ||
| Q3 24 | 21.3% | 13.1% | ||
| Q2 24 | 20.8% | 13.0% | ||
| Q1 24 | 18.6% | 12.6% |
营业利润率ACASCSC
| Q4 25 | 11.0% | 2.3% | ||
| Q3 25 | 14.1% | 3.5% | ||
| Q2 25 | 12.9% | 3.3% | ||
| Q1 25 | 8.8% | 3.2% | ||
| Q4 24 | 6.5% | 2.5% | ||
| Q3 24 | 5.3% | 2.3% | ||
| Q2 24 | 10.1% | 2.9% | ||
| Q1 24 | 8.9% | 2.3% |
净利率ACASCSC
| Q4 25 | 7.3% | 2.2% | ||
| Q3 25 | 9.2% | 2.7% | ||
| Q2 25 | 8.1% | 2.5% | ||
| Q1 25 | 3.7% | 2.5% | ||
| Q4 24 | -1.2% | 2.3% | ||
| Q3 24 | 2.6% | 2.2% | ||
| Q2 24 | 6.9% | 2.2% | ||
| Q1 24 | 6.5% | 1.7% |
每股收益（稀释后）ACASCSC
| Q4 25 | $1.06 | $0.75 | ||
| Q3 25 | $1.48 | $0.89 | ||
| Q2 25 | $1.22 | $0.87 | ||
| Q1 25 | $0.48 | $0.74 | ||
| Q4 24 | $-0.16 | $0.70 | ||
| Q3 24 | $0.34 | $0.69 | ||
| Q2 24 | $0.93 | $0.66 | ||
| Q1 24 | $0.80 | $0.50 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $214.6M | $83.5M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $2.6B | $910.9M |
| 总资产 | $5.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACASCSC
| Q4 25 | $214.6M | $83.5M | ||
| Q3 25 | $220.0M | $124.9M | ||
| Q2 25 | $189.7M | $126.2M | ||
| Q1 25 | $167.9M | $146.3M | ||
| Q4 24 | $187.3M | $110.5M | ||
| Q3 24 | $756.8M | $145.0M | ||
| Q2 24 | $103.7M | $185.5M | ||
| Q1 24 | $176.5M | $159.1M |
总债务ACASCSC
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
股东权益ACASCSC
| Q4 25 | $2.6B | $910.9M | ||
| Q3 25 | $2.6B | $914.0M | ||
| Q2 25 | $2.5B | $906.4M | ||
| Q1 25 | $2.5B | $901.7M | ||
| Q4 24 | $2.4B | $900.7M | ||
| Q3 24 | $2.4B | $920.9M | ||
| Q2 24 | $2.4B | $924.3M | ||
| Q1 24 | $2.4B | $944.1M |
总资产ACASCSC
| Q4 25 | $5.0B | $1.7B | ||
| Q3 25 | $5.1B | $1.7B | ||
| Q2 25 | $5.0B | $1.8B | ||
| Q1 25 | $4.9B | $1.7B | ||
| Q4 24 | $4.9B | $1.7B | ||
| Q3 24 | $4.4B | $1.8B | ||
| Q2 24 | $3.8B | $1.8B | ||
| Q1 24 | $3.7B | $1.8B |
负债/权益比ACASCSC
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $120.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $28.9M |
| 自由现金流率自由现金流/营收 | 7.8% | 3.8% |
| 资本支出强度资本支出/营收 | 9.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.30× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $175.5M | — |
8季度趋势，按日历期对齐
经营现金流ACASCSC
| Q4 25 | $120.0M | $30.8M | ||
| Q3 25 | $160.6M | $23.2M | ||
| Q2 25 | $61.2M | — | ||
| Q1 25 | $-700.0K | $66.1M | ||
| Q4 24 | $248.2M | $-6.2M | ||
| Q3 24 | $135.0M | $44.8M | ||
| Q2 24 | $38.3M | — | ||
| Q1 24 | $80.5M | $160.2M |
自由现金流ACASCSC
| Q4 25 | $55.8M | $28.9M | ||
| Q3 25 | $121.0M | $20.8M | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $-34.7M | $64.6M | ||
| Q4 24 | $194.9M | $-8.2M | ||
| Q3 24 | $100.6M | $42.5M | ||
| Q2 24 | $-9.3M | — | ||
| Q1 24 | $26.1M | $157.7M |
自由现金流率ACASCSC
| Q4 25 | 7.8% | 3.8% | ||
| Q3 25 | 15.2% | 2.8% | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | -5.5% | 9.2% | ||
| Q4 24 | 29.3% | -1.1% | ||
| Q3 24 | 15.7% | 5.5% | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 4.4% | 21.0% |
资本支出强度ACASCSC
| Q4 25 | 9.0% | 0.3% | ||
| Q3 25 | 5.0% | 0.3% | ||
| Q2 25 | 3.8% | 0.3% | ||
| Q1 25 | 5.4% | 0.2% | ||
| Q4 24 | 8.0% | 0.3% | ||
| Q3 24 | 5.4% | 0.3% | ||
| Q2 24 | 7.2% | 0.2% | ||
| Q1 24 | 9.1% | 0.3% |
现金转化率ACASCSC
| Q4 25 | 2.30× | 1.87× | ||
| Q3 25 | 2.20× | 1.17× | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | -0.03× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 8.13× | 2.64× | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 2.05× | 12.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
