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雅保（ALB）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
雅保的季度营收约是SCANSOURCE, INC.的1.9倍（$1.4B vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -29.0%，领先31.2%），雅保同比增速更快（15.9% vs 2.5%），雅保自由现金流更多（$233.1M vs $28.9M），过去两年雅保的营收复合增速更高（2.4% vs 0.9%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs SCSC — 直观对比
营收规模更大
ALB
是对方的1.9倍
$766.5M
营收增速更快
ALB
高出13.4%
2.5%
净利率更高
SCSC
高出31.2%
-29.0%
自由现金流更多
ALB
多$204.2M
$28.9M
两年增速更快
ALB
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $766.5M |
| 净利润 | $-414.2M | $16.5M |
| 毛利率 | 13.9% | 13.4% |
| 营业利润率 | -15.2% | 2.3% |
| 净利率 | -29.0% | 2.2% |
| 营收同比 | 15.9% | 2.5% |
| 净利润同比 | -650.1% | -3.3% |
| 每股收益（稀释后） | $-3.88 | $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ALBSCSC
| Q4 25 | $1.4B | $766.5M | ||
| Q3 25 | $1.3B | $739.6M | ||
| Q2 25 | $1.3B | $812.9M | ||
| Q1 25 | $1.1B | $704.8M | ||
| Q4 24 | $1.2B | $747.5M | ||
| Q3 24 | $1.4B | $775.6M | ||
| Q2 24 | $1.4B | $746.1M | ||
| Q1 24 | $1.4B | $752.6M |
净利润ALBSCSC
| Q4 25 | $-414.2M | $16.5M | ||
| Q3 25 | $-160.7M | $19.9M | ||
| Q2 25 | $22.9M | $20.1M | ||
| Q1 25 | $41.3M | $17.4M | ||
| Q4 24 | $75.3M | $17.1M | ||
| Q3 24 | $-1.1B | $17.0M | ||
| Q2 24 | $-188.2M | $16.1M | ||
| Q1 24 | $2.4M | $12.8M |
毛利率ALBSCSC
| Q4 25 | 13.9% | 13.4% | ||
| Q3 25 | 9.0% | 14.5% | ||
| Q2 25 | 14.8% | 12.9% | ||
| Q1 25 | 14.5% | 14.2% | ||
| Q4 24 | 11.2% | 13.6% | ||
| Q3 24 | -7.7% | 13.1% | ||
| Q2 24 | -0.7% | 13.0% | ||
| Q1 24 | 2.9% | 12.6% |
营业利润率ALBSCSC
| Q4 25 | -15.2% | 2.3% | ||
| Q3 25 | -16.6% | 3.5% | ||
| Q2 25 | 3.6% | 3.3% | ||
| Q1 25 | 1.8% | 3.2% | ||
| Q4 24 | 0.4% | 2.5% | ||
| Q3 24 | -81.9% | 2.3% | ||
| Q2 24 | -34.4% | 2.9% | ||
| Q1 24 | -13.2% | 2.3% |
净利率ALBSCSC
| Q4 25 | -29.0% | 2.2% | ||
| Q3 25 | -12.3% | 2.7% | ||
| Q2 25 | 1.7% | 2.5% | ||
| Q1 25 | 3.8% | 2.5% | ||
| Q4 24 | 6.1% | 2.3% | ||
| Q3 24 | -78.9% | 2.2% | ||
| Q2 24 | -13.2% | 2.2% | ||
| Q1 24 | 0.2% | 1.7% |
每股收益（稀释后）ALBSCSC
| Q4 25 | $-3.88 | $0.75 | ||
| Q3 25 | $-1.72 | $0.89 | ||
| Q2 25 | $-0.16 | $0.87 | ||
| Q1 25 | $0.00 | $0.74 | ||
| Q4 24 | $0.29 | $0.70 | ||
| Q3 24 | $-9.45 | $0.69 | ||
| Q2 24 | $-1.96 | $0.66 | ||
| Q1 24 | $-0.08 | $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 | — | $83.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $910.9M |
| 总资产 | $16.4B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | $1.9B | $124.9M | ||
| Q2 25 | $1.8B | $126.2M | ||
| Q1 25 | $1.5B | $146.3M | ||
| Q4 24 | $1.2B | $110.5M | ||
| Q3 24 | $1.7B | $145.0M | ||
| Q2 24 | $1.8B | $185.5M | ||
| Q1 24 | $2.1B | $159.1M |
总债务ALBSCSC
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBSCSC
| Q4 25 | $9.5B | $910.9M | ||
| Q3 25 | $10.0B | $914.0M | ||
| Q2 25 | $10.2B | $906.4M | ||
| Q1 25 | $10.0B | $901.7M | ||
| Q4 24 | $10.0B | $900.7M | ||
| Q3 24 | $10.2B | $920.9M | ||
| Q2 24 | $11.2B | $924.3M | ||
| Q1 24 | $11.5B | $944.1M |
总资产ALBSCSC
| Q4 25 | $16.4B | $1.7B | ||
| Q3 25 | $17.1B | $1.7B | ||
| Q2 25 | $17.3B | $1.8B | ||
| Q1 25 | $17.0B | $1.7B | ||
| Q4 24 | $16.6B | $1.7B | ||
| Q3 24 | $17.5B | $1.8B | ||
| Q2 24 | $18.4B | $1.8B | ||
| Q1 24 | $19.0B | $1.8B |
负债/权益比ALBSCSC
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $388.5M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $28.9M |
| 自由现金流率自由现金流/营收 | 16.3% | 3.8% |
| 资本支出强度资本支出/营收 | 10.9% | 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 | $692.5M | — |
8季度趋势，按日历期对齐
经营现金流ALBSCSC
| Q4 25 | $388.5M | $30.8M | ||
| Q3 25 | $355.6M | $23.2M | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $545.4M | $66.1M | ||
| Q4 24 | $674.0K | $-6.2M | ||
| Q3 24 | $240.5M | $44.8M | ||
| Q2 24 | $362.9M | — | ||
| Q1 24 | $98.0M | $160.2M |
自由现金流ALBSCSC
| Q4 25 | $233.1M | $28.9M | ||
| Q3 25 | $223.4M | $20.8M | ||
| Q2 25 | $-126.8M | — | ||
| Q1 25 | $362.8M | $64.6M | ||
| Q4 24 | $-355.1M | $-8.2M | ||
| Q3 24 | $-62.6M | $42.5M | ||
| Q2 24 | $-84.7M | — | ||
| Q1 24 | $-481.4M | $157.7M |
自由现金流率ALBSCSC
| Q4 25 | 16.3% | 3.8% | ||
| Q3 25 | 17.1% | 2.8% | ||
| Q2 25 | -9.5% | — | ||
| Q1 25 | 33.7% | 9.2% | ||
| Q4 24 | -28.8% | -1.1% | ||
| Q3 24 | -4.6% | 5.5% | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -35.4% | 21.0% |
资本支出强度ALBSCSC
| Q4 25 | 10.9% | 0.3% | ||
| Q3 25 | 10.1% | 0.3% | ||
| Q2 25 | 9.0% | 0.3% | ||
| Q1 25 | 17.0% | 0.2% | ||
| Q4 24 | 28.9% | 0.3% | ||
| Q3 24 | 22.4% | 0.3% | ||
| Q2 24 | 31.3% | 0.2% | ||
| Q1 24 | 42.6% | 0.3% |
现金转化率ALBSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | 13.19× | 3.79× | ||
| Q4 24 | 0.01× | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 40.01× | 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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
