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AMC Networks Inc.（AMCX）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AMC Networks Inc.的1.3倍（$766.5M vs $594.8M），SCANSOURCE, INC.净利率更高（2.2% vs -9.3%，领先11.5%），SCANSOURCE, INC.同比增速更快（2.5% vs -0.8%），AMC Networks Inc.自由现金流更多（$40.4M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -0.1%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
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。
AMCX vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.3倍
$594.8M
营收增速更快
SCSC
高出3.3%
-0.8%
净利率更高
SCSC
高出11.5%
-9.3%
自由现金流更多
AMCX
多$11.6M
$28.9M
两年增速更快
SCSC
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $766.5M |
| 净利润 | $-55.5M | $16.5M |
| 毛利率 | 49.7% | 13.4% |
| 营业利润率 | -8.6% | 2.3% |
| 净利率 | -9.3% | 2.2% |
| 营收同比 | -0.8% | 2.5% |
| 净利润同比 | 80.5% | -3.3% |
| 每股收益（稀释后） | $-0.97 | $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AMCXSCSC
| Q4 25 | $594.8M | $766.5M | ||
| Q3 25 | $561.7M | $739.6M | ||
| Q2 25 | $600.0M | $812.9M | ||
| Q1 25 | $555.2M | $704.8M | ||
| Q4 24 | $599.3M | $747.5M | ||
| Q3 24 | $599.6M | $775.6M | ||
| Q2 24 | $625.9M | $746.1M | ||
| Q1 24 | $596.5M | $752.6M |
净利润AMCXSCSC
| Q4 25 | $-55.5M | $16.5M | ||
| Q3 25 | $76.5M | $19.9M | ||
| Q2 25 | $50.3M | $20.1M | ||
| Q1 25 | $18.0M | $17.4M | ||
| Q4 24 | $-284.5M | $17.1M | ||
| Q3 24 | $41.4M | $17.0M | ||
| Q2 24 | $-29.2M | $16.1M | ||
| Q1 24 | $45.8M | $12.8M |
毛利率AMCXSCSC
| Q4 25 | 49.7% | 13.4% | ||
| Q3 25 | 48.2% | 14.5% | ||
| Q2 25 | 52.7% | 12.9% | ||
| Q1 25 | 51.8% | 14.2% | ||
| Q4 24 | 51.2% | 13.6% | ||
| Q3 24 | 52.0% | 13.1% | ||
| Q2 24 | 55.2% | 13.0% | ||
| Q1 24 | 54.5% | 12.6% |
营业利润率AMCXSCSC
| Q4 25 | -8.6% | 2.3% | ||
| Q3 25 | 9.9% | 3.5% | ||
| Q2 25 | 10.7% | 3.3% | ||
| Q1 25 | 11.6% | 3.2% | ||
| Q4 24 | -42.4% | 2.5% | ||
| Q3 24 | 15.6% | 2.3% | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 18.5% | 2.3% |
净利率AMCXSCSC
| Q4 25 | -9.3% | 2.2% | ||
| Q3 25 | 13.6% | 2.7% | ||
| Q2 25 | 8.4% | 2.5% | ||
| Q1 25 | 3.3% | 2.5% | ||
| Q4 24 | -47.5% | 2.3% | ||
| Q3 24 | 6.9% | 2.2% | ||
| Q2 24 | -4.7% | 2.2% | ||
| Q1 24 | 7.7% | 1.7% |
每股收益（稀释后）AMCXSCSC
| Q4 25 | $-0.97 | $0.75 | ||
| Q3 25 | $1.38 | $0.89 | ||
| Q2 25 | $0.91 | $0.87 | ||
| Q1 25 | $0.34 | $0.74 | ||
| Q4 24 | $-6.23 | $0.70 | ||
| Q3 24 | $0.76 | $0.69 | ||
| Q2 24 | $-0.66 | $0.66 | ||
| Q1 24 | $1.03 | $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 | $502.4M | $83.5M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $981.9M | $910.9M |
| 总资产 | $3.9B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCXSCSC
| Q4 25 | $502.4M | $83.5M | ||
| Q3 25 | $716.8M | $124.9M | ||
| Q2 25 | $866.4M | $126.2M | ||
| Q1 25 | $870.2M | $146.3M | ||
| Q4 24 | $784.6M | $110.5M | ||
| Q3 24 | $816.4M | $145.0M | ||
| Q2 24 | $802.6M | $185.5M | ||
| Q1 24 | $690.5M | $159.1M |
总债务AMCXSCSC
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | — |
股东权益AMCXSCSC
| Q4 25 | $981.9M | $910.9M | ||
| Q3 25 | $1.1B | $914.0M | ||
| Q2 25 | $971.7M | $906.4M | ||
| Q1 25 | $888.8M | $901.7M | ||
| Q4 24 | $855.6M | $900.7M | ||
| Q3 24 | $1.1B | $920.9M | ||
| Q2 24 | $1.1B | $924.3M | ||
| Q1 24 | $1.1B | $944.1M |
总资产AMCXSCSC
| Q4 25 | $3.9B | $1.7B | ||
| Q3 25 | $4.2B | $1.7B | ||
| Q2 25 | $4.4B | $1.8B | ||
| Q1 25 | $4.3B | $1.7B | ||
| Q4 24 | $4.4B | $1.7B | ||
| Q3 24 | $4.8B | $1.8B | ||
| Q2 24 | $4.9B | $1.8B | ||
| Q1 24 | $4.9B | $1.8B |
负债/权益比AMCXSCSC
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.73× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 2.17× | — |
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 | $49.2M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 6.8% | 3.8% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $272.4M | — |
8季度趋势，按日历期对齐
经营现金流AMCXSCSC
| Q4 25 | $49.2M | $30.8M | ||
| Q3 25 | $44.8M | $23.2M | ||
| Q2 25 | $102.8M | — | ||
| Q1 25 | $108.8M | $66.1M | ||
| Q4 24 | $58.1M | $-6.2M | ||
| Q3 24 | $62.2M | $44.8M | ||
| Q2 24 | $104.4M | — | ||
| Q1 24 | $150.9M | $160.2M |
自由现金流AMCXSCSC
| Q4 25 | $40.4M | $28.9M | ||
| Q3 25 | $42.0M | $20.8M | ||
| Q2 25 | $95.7M | — | ||
| Q1 25 | $94.2M | $64.6M | ||
| Q4 24 | $37.6M | $-8.2M | ||
| Q3 24 | $53.9M | $42.5M | ||
| Q2 24 | $95.2M | — | ||
| Q1 24 | $144.1M | $157.7M |
自由现金流率AMCXSCSC
| Q4 25 | 6.8% | 3.8% | ||
| Q3 25 | 7.5% | 2.8% | ||
| Q2 25 | 16.0% | — | ||
| Q1 25 | 17.0% | 9.2% | ||
| Q4 24 | 6.3% | -1.1% | ||
| Q3 24 | 9.0% | 5.5% | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 24.2% | 21.0% |
资本支出强度AMCXSCSC
| Q4 25 | 1.5% | 0.3% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 3.4% | 0.3% | ||
| Q3 24 | 1.4% | 0.3% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 1.1% | 0.3% |
现金转化率AMCXSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 0.59× | 1.17× | ||
| Q2 25 | 2.04× | — | ||
| Q1 25 | 6.03× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 1.50× | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.29× | 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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
