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Advantage Solutions Inc.（ADV）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Advantage Solutions Inc.的季度营收约是SCANSOURCE, INC.的1.2倍（$932.1M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -17.4%，领先19.5%），Advantage Solutions Inc.同比增速更快（4.5% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $23.4M），过去两年Advantage Solutions Inc.的营收复合增速更高（4.0% vs 0.9%）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
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。
ADV vs SCSC — 直观对比
营收规模更大
ADV
是对方的1.2倍
$766.5M
营收增速更快
ADV
高出1.9%
2.5%
净利率更高
SCSC
高出19.5%
-17.4%
自由现金流更多
SCSC
多$5.4M
$23.4M
两年增速更快
ADV
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $766.5M |
| 净利润 | $-161.7M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | -17.4% | 2.3% |
| 净利率 | -17.4% | 2.2% |
| 营收同比 | 4.5% | 2.5% |
| 净利润同比 | 9.2% | -3.3% |
| 每股收益（稀释后） | — | $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ADVSCSC
| Q4 25 | $932.1M | $766.5M | ||
| Q3 25 | $915.0M | $739.6M | ||
| Q2 25 | $873.7M | $812.9M | ||
| Q1 25 | $821.8M | $704.8M | ||
| Q4 24 | $892.3M | $747.5M | ||
| Q3 24 | $939.3M | $775.6M | ||
| Q2 24 | $873.4M | $746.1M | ||
| Q1 24 | $861.4M | $752.6M |
净利润ADVSCSC
| Q4 25 | $-161.7M | $16.5M | ||
| Q3 25 | $20.6M | $19.9M | ||
| Q2 25 | $-30.4M | $20.1M | ||
| Q1 25 | $-56.1M | $17.4M | ||
| Q4 24 | $-178.0M | $17.1M | ||
| Q3 24 | $-42.8M | $17.0M | ||
| Q2 24 | $-100.8M | $16.1M | ||
| Q1 24 | $-5.3M | $12.8M |
毛利率ADVSCSC
| 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% |
营业利润率ADVSCSC
| Q4 25 | -17.4% | 2.3% | ||
| Q3 25 | 4.4% | 3.5% | ||
| Q2 25 | 1.1% | 3.3% | ||
| Q1 25 | -1.8% | 3.2% | ||
| Q4 24 | -19.1% | 2.5% | ||
| Q3 24 | -0.3% | 2.3% | ||
| Q2 24 | -10.4% | 2.9% | ||
| Q1 24 | -3.5% | 2.3% |
净利率ADVSCSC
| Q4 25 | -17.4% | 2.2% | ||
| Q3 25 | 2.2% | 2.7% | ||
| Q2 25 | -3.5% | 2.5% | ||
| Q1 25 | -6.8% | 2.5% | ||
| Q4 24 | -20.0% | 2.3% | ||
| Q3 24 | -4.6% | 2.2% | ||
| Q2 24 | -11.5% | 2.2% | ||
| Q1 24 | -0.6% | 1.7% |
每股收益（稀释后）ADVSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | $-0.13 | $0.69 | ||
| Q2 24 | $-0.31 | $0.66 | ||
| Q1 24 | $-0.02 | $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 | $240.8M | $83.5M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $554.0M | $910.9M |
| 总资产 | $2.8B | $1.7B |
| 负债/权益比越低杠杆越低 | 3.05× | — |
8季度趋势，按日历期对齐
现金及短期投资ADVSCSC
| Q4 25 | $240.8M | $83.5M | ||
| Q3 25 | $201.1M | $124.9M | ||
| Q2 25 | $102.9M | $126.2M | ||
| Q1 25 | $121.1M | $146.3M | ||
| Q4 24 | $205.2M | $110.5M | ||
| Q3 24 | $196.1M | $145.0M | ||
| Q2 24 | $154.0M | $185.5M | ||
| Q1 24 | $112.3M | $159.1M |
总债务ADVSCSC
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADVSCSC
| Q4 25 | $554.0M | $910.9M | ||
| Q3 25 | $708.5M | $914.0M | ||
| Q2 25 | $683.6M | $906.4M | ||
| Q1 25 | $695.6M | $901.7M | ||
| Q4 24 | $748.7M | $900.7M | ||
| Q3 24 | $932.5M | $920.9M | ||
| Q2 24 | $973.7M | $924.3M | ||
| Q1 24 | $1.1B | $944.1M |
总资产ADVSCSC
| Q4 25 | $2.8B | $1.7B | ||
| Q3 25 | $3.0B | $1.7B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $3.4B | $1.8B | ||
| Q2 24 | $3.5B | $1.8B | ||
| Q1 24 | $3.6B | $1.8B |
负债/权益比ADVSCSC
| Q4 25 | 3.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $45.6M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 2.5% | 3.8% |
| 资本支出强度资本支出/营收 | 2.4% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $10.7M | — |
8季度趋势，按日历期对齐
经营现金流ADVSCSC
| Q4 25 | $45.6M | $30.8M | ||
| Q3 25 | $63.6M | $23.2M | ||
| Q2 25 | $-8.1M | — | ||
| Q1 25 | $-39.6M | $66.1M | ||
| Q4 24 | $15.1M | $-6.2M | ||
| Q3 24 | $34.0M | $44.8M | ||
| Q2 24 | $53.4M | — | ||
| Q1 24 | $-9.4M | $160.2M |
自由现金流ADVSCSC
| Q4 25 | $23.4M | $28.9M | ||
| Q3 25 | $52.2M | $20.8M | ||
| Q2 25 | $-10.2M | — | ||
| Q1 25 | $-54.7M | $64.6M | ||
| Q4 24 | $-27.4M | $-8.2M | ||
| Q3 24 | $8.6M | $42.5M | ||
| Q2 24 | $43.8M | — | ||
| Q1 24 | $-24.8M | $157.7M |
自由现金流率ADVSCSC
| Q4 25 | 2.5% | 3.8% | ||
| Q3 25 | 5.7% | 2.8% | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -6.7% | 9.2% | ||
| Q4 24 | -3.1% | -1.1% | ||
| Q3 24 | 0.9% | 5.5% | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | -2.9% | 21.0% |
资本支出强度ADVSCSC
| Q4 25 | 2.4% | 0.3% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | 4.8% | 0.3% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 1.1% | 0.2% | ||
| Q1 24 | 1.8% | 0.3% |
现金转化率ADVSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 3.09× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
