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AMN HEALTHCARE SERVICES INC（AMN）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AMN HEALTHCARE SERVICES INC的1.0倍（$766.5M vs $748.2M），SCANSOURCE, INC.净利率更高（2.2% vs -1.0%，领先3.2%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.8%），AMN HEALTHCARE SERVICES INC自由现金流更多（$67.6M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -4.5%）
AMN医疗保健服务公司是美国领先的医疗人力资源解决方案提供商，主要为医院、诊所等各类医疗机构提供护士、医师、医技人员及其他临床、非临床岗位的临时与长期派遣服务，同时提供医护团队管理技术支持及相关咨询服务。
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。
AMN vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.0倍
$748.2M
营收增速更快
SCSC
高出0.7%
1.8%
净利率更高
SCSC
高出3.2%
-1.0%
自由现金流更多
AMN
多$38.8M
$28.9M
两年增速更快
SCSC
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $748.2M | $766.5M |
| 净利润 | $-7.7M | $16.5M |
| 毛利率 | 26.1% | 13.4% |
| 营业利润率 | 1.1% | 2.3% |
| 净利率 | -1.0% | 2.2% |
| 营收同比 | 1.8% | 2.5% |
| 净利润同比 | 95.9% | -3.3% |
| 每股收益（稀释后） | $-0.19 | $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AMNSCSC
| Q4 25 | $748.2M | $766.5M | ||
| Q3 25 | $634.5M | $739.6M | ||
| Q2 25 | $658.2M | $812.9M | ||
| Q1 25 | $689.5M | $704.8M | ||
| Q4 24 | $734.7M | $747.5M | ||
| Q3 24 | $687.5M | $775.6M | ||
| Q2 24 | $740.7M | $746.1M | ||
| Q1 24 | $820.9M | $752.6M |
净利润AMNSCSC
| Q4 25 | $-7.7M | $16.5M | ||
| Q3 25 | $29.3M | $19.9M | ||
| Q2 25 | $-116.2M | $20.1M | ||
| Q1 25 | $-1.1M | $17.4M | ||
| Q4 24 | $-187.5M | $17.1M | ||
| Q3 24 | $7.0M | $17.0M | ||
| Q2 24 | $16.2M | $16.1M | ||
| Q1 24 | $17.3M | $12.8M |
毛利率AMNSCSC
| Q4 25 | 26.1% | 13.4% | ||
| Q3 25 | 29.1% | 14.5% | ||
| Q2 25 | 29.8% | 12.9% | ||
| Q1 25 | 28.7% | 14.2% | ||
| Q4 24 | 29.8% | 13.6% | ||
| Q3 24 | 31.0% | 13.1% | ||
| Q2 24 | 31.0% | 13.0% | ||
| Q1 24 | 31.4% | 12.6% |
营业利润率AMNSCSC
| Q4 25 | 1.1% | 2.3% | ||
| Q3 25 | 7.5% | 3.5% | ||
| Q2 25 | -18.8% | 3.3% | ||
| Q1 25 | 1.8% | 3.2% | ||
| Q4 24 | -27.6% | 2.5% | ||
| Q3 24 | 3.2% | 2.3% | ||
| Q2 24 | 5.1% | 2.9% | ||
| Q1 24 | 4.9% | 2.3% |
净利率AMNSCSC
| Q4 25 | -1.0% | 2.2% | ||
| Q3 25 | 4.6% | 2.7% | ||
| Q2 25 | -17.7% | 2.5% | ||
| Q1 25 | -0.2% | 2.5% | ||
| Q4 24 | -25.5% | 2.3% | ||
| Q3 24 | 1.0% | 2.2% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 2.1% | 1.7% |
每股收益（稀释后）AMNSCSC
| Q4 25 | $-0.19 | $0.75 | ||
| Q3 25 | $0.76 | $0.89 | ||
| Q2 25 | $-3.02 | $0.87 | ||
| Q1 25 | $-0.03 | $0.74 | ||
| Q4 24 | $-4.90 | $0.70 | ||
| Q3 24 | $0.18 | $0.69 | ||
| Q2 24 | $0.42 | $0.66 | ||
| Q1 24 | $0.45 | $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 | $34.0M | $83.5M |
| 总债务越低越好 | $767.1M | — |
| 股东权益账面价值 | $642.1M | $910.9M |
| 总资产 | $2.1B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资AMNSCSC
| Q4 25 | $34.0M | $83.5M | ||
| Q3 25 | $52.6M | $124.9M | ||
| Q2 25 | $41.5M | $126.2M | ||
| Q1 25 | $55.8M | $146.3M | ||
| Q4 24 | $10.6M | $110.5M | ||
| Q3 24 | $30.6M | $145.0M | ||
| Q2 24 | $48.0M | $185.5M | ||
| Q1 24 | $50.6M | $159.1M |
总债务AMNSCSC
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMNSCSC
| Q4 25 | $642.1M | $910.9M | ||
| Q3 25 | $644.4M | $914.0M | ||
| Q2 25 | $607.6M | $906.4M | ||
| Q1 25 | $715.1M | $901.7M | ||
| Q4 24 | $706.6M | $900.7M | ||
| Q3 24 | $890.7M | $920.9M | ||
| Q2 24 | $876.9M | $924.3M | ||
| Q1 24 | $854.2M | $944.1M |
总资产AMNSCSC
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.8B | ||
| Q1 24 | $2.9B | $1.8B |
负债/权益比AMNSCSC
| Q4 25 | 1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | — | ||
| 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 | $75.6M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $67.6M | $28.9M |
| 自由现金流率自由现金流/营收 | 9.0% | 3.8% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $233.8M | — |
8季度趋势，按日历期对齐
经营现金流AMNSCSC
| Q4 25 | $75.6M | $30.8M | ||
| Q3 25 | $22.7M | $23.2M | ||
| Q2 25 | $78.5M | — | ||
| Q1 25 | $92.7M | $66.1M | ||
| Q4 24 | $72.8M | $-6.2M | ||
| Q3 24 | $66.7M | $44.8M | ||
| Q2 24 | $99.5M | — | ||
| Q1 24 | $81.4M | $160.2M |
自由现金流AMNSCSC
| Q4 25 | $67.6M | $28.9M | ||
| Q3 25 | $14.8M | $20.8M | ||
| Q2 25 | $68.7M | — | ||
| Q1 25 | $82.7M | $64.6M | ||
| Q4 24 | $56.6M | $-8.2M | ||
| Q3 24 | $47.4M | $42.5M | ||
| Q2 24 | $72.2M | — | ||
| Q1 24 | $63.2M | $157.7M |
自由现金流率AMNSCSC
| Q4 25 | 9.0% | 3.8% | ||
| Q3 25 | 2.3% | 2.8% | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 12.0% | 9.2% | ||
| Q4 24 | 7.7% | -1.1% | ||
| Q3 24 | 6.9% | 5.5% | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 7.7% | 21.0% |
资本支出强度AMNSCSC
| Q4 25 | 1.1% | 0.3% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | 2.2% | 0.3% | ||
| Q3 24 | 2.8% | 0.3% | ||
| Q2 24 | 3.7% | 0.2% | ||
| Q1 24 | 2.2% | 0.3% |
现金转化率AMNSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 0.77× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 9.54× | 2.64× | ||
| Q2 24 | 6.13× | — | ||
| Q1 24 | 4.70× | 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
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
