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普立万（AVNT）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.的季度营收约是普立万的1.0倍（$766.5M vs $760.6M），普立万净利率更高（2.2% vs 2.2%，领先0.1%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.9%），普立万自由现金流更多（$125.4M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -4.2%）
普立万公司是一家全球性材料解决方案供应商，总部位于美国俄亥俄州埃文湖，全球员工约9000人。主营产品涵盖色母粒、先进复合材料、功能添加剂以及工程材料，为多行业客户提供定制化的材料相关技术支持与解决方案。
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。
AVNT vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.0倍
$760.6M
营收增速更快
SCSC
高出0.7%
1.9%
净利率更高
AVNT
高出0.1%
2.2%
自由现金流更多
AVNT
多$96.5M
$28.9M
两年增速更快
SCSC
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $760.6M | $766.5M |
| 净利润 | $16.9M | $16.5M |
| 毛利率 | 30.2% | 13.4% |
| 营业利润率 | 5.2% | 2.3% |
| 净利率 | 2.2% | 2.2% |
| 营收同比 | 1.9% | 2.5% |
| 净利润同比 | -65.0% | -3.3% |
| 每股收益（稀释后） | $0.18 | $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AVNTSCSC
| Q4 25 | $760.6M | $766.5M | ||
| Q3 25 | $806.5M | $739.6M | ||
| Q2 25 | $866.5M | $812.9M | ||
| Q1 25 | $826.6M | $704.8M | ||
| Q4 24 | $746.5M | $747.5M | ||
| Q3 24 | $815.2M | $775.6M | ||
| Q2 24 | $849.7M | $746.1M | ||
| Q1 24 | $829.0M | $752.6M |
净利润AVNTSCSC
| Q4 25 | $16.9M | $16.5M | ||
| Q3 25 | $32.6M | $19.9M | ||
| Q2 25 | $52.6M | $20.1M | ||
| Q1 25 | $-20.2M | $17.4M | ||
| Q4 24 | $48.3M | $17.1M | ||
| Q3 24 | $38.2M | $17.0M | ||
| Q2 24 | $33.6M | $16.1M | ||
| Q1 24 | $49.4M | $12.8M |
毛利率AVNTSCSC
| Q4 25 | 30.2% | 13.4% | ||
| Q3 25 | 30.4% | 14.5% | ||
| Q2 25 | 32.1% | 12.9% | ||
| Q1 25 | 31.8% | 14.2% | ||
| Q4 24 | 34.8% | 13.6% | ||
| Q3 24 | 32.1% | 13.1% | ||
| Q2 24 | 30.3% | 13.0% | ||
| Q1 24 | 33.6% | 12.6% |
营业利润率AVNTSCSC
| Q4 25 | 5.2% | 2.3% | ||
| Q3 25 | 8.3% | 3.5% | ||
| Q2 25 | 11.1% | 3.3% | ||
| Q1 25 | 0.1% | 3.2% | ||
| Q4 24 | 11.5% | 2.5% | ||
| Q3 24 | 9.5% | 2.3% | ||
| Q2 24 | 8.5% | 2.9% | ||
| Q1 24 | 11.3% | 2.3% |
净利率AVNTSCSC
| Q4 25 | 2.2% | 2.2% | ||
| Q3 25 | 4.0% | 2.7% | ||
| Q2 25 | 6.1% | 2.5% | ||
| Q1 25 | -2.4% | 2.5% | ||
| Q4 24 | 6.5% | 2.3% | ||
| Q3 24 | 4.7% | 2.2% | ||
| Q2 24 | 4.0% | 2.2% | ||
| Q1 24 | 6.0% | 1.7% |
每股收益（稀释后）AVNTSCSC
| Q4 25 | $0.18 | $0.75 | ||
| Q3 25 | $0.36 | $0.89 | ||
| Q2 25 | $0.57 | $0.87 | ||
| Q1 25 | $-0.22 | $0.74 | ||
| Q4 24 | $0.53 | $0.70 | ||
| Q3 24 | $0.41 | $0.69 | ||
| Q2 24 | $0.36 | $0.66 | ||
| Q1 24 | $0.54 | $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 | $1.9B | — |
| 股东权益账面价值 | $2.4B | $910.9M |
| 总资产 | $6.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资AVNTSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | — | $124.9M | ||
| Q2 25 | — | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | — | $185.5M | ||
| Q1 24 | — | $159.1M |
总债务AVNTSCSC
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益AVNTSCSC
| Q4 25 | $2.4B | $910.9M | ||
| Q3 25 | $2.4B | $914.0M | ||
| Q2 25 | $2.4B | $906.4M | ||
| Q1 25 | $2.3B | $901.7M | ||
| Q4 24 | $2.3B | $900.7M | ||
| Q3 24 | $2.4B | $920.9M | ||
| Q2 24 | $2.3B | $924.3M | ||
| Q1 24 | $2.3B | $944.1M |
总资产AVNTSCSC
| Q4 25 | $6.0B | $1.7B | ||
| Q3 25 | $6.1B | $1.7B | ||
| Q2 25 | $6.1B | $1.8B | ||
| Q1 25 | $5.8B | $1.7B | ||
| Q4 24 | $5.8B | $1.7B | ||
| Q3 24 | $6.0B | $1.8B | ||
| Q2 24 | $5.9B | $1.8B | ||
| Q1 24 | $5.9B | $1.8B |
负债/权益比AVNTSCSC
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.90× | — |
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 | $167.8M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $125.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 16.5% | 3.8% |
| 资本支出强度资本支出/营收 | 5.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 9.93× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $195.0M | — |
8季度趋势，按日历期对齐
经营现金流AVNTSCSC
| Q4 25 | $167.8M | $30.8M | ||
| Q3 25 | $72.1M | $23.2M | ||
| Q2 25 | $112.8M | — | ||
| Q1 25 | $-51.1M | $66.1M | ||
| Q4 24 | $122.6M | $-6.2M | ||
| Q3 24 | $71.1M | $44.8M | ||
| Q2 24 | $105.9M | — | ||
| Q1 24 | $-42.8M | $160.2M |
自由现金流AVNTSCSC
| Q4 25 | $125.4M | $28.9M | ||
| Q3 25 | $47.4M | $20.8M | ||
| Q2 25 | $85.8M | — | ||
| Q1 25 | $-63.6M | $64.6M | ||
| Q4 24 | $81.5M | $-8.2M | ||
| Q3 24 | $46.1M | $42.5M | ||
| Q2 24 | $74.5M | — | ||
| Q1 24 | $-67.2M | $157.7M |
自由现金流率AVNTSCSC
| Q4 25 | 16.5% | 3.8% | ||
| Q3 25 | 5.9% | 2.8% | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | -7.7% | 9.2% | ||
| Q4 24 | 10.9% | -1.1% | ||
| Q3 24 | 5.7% | 5.5% | ||
| Q2 24 | 8.8% | — | ||
| Q1 24 | -8.1% | 21.0% |
资本支出强度AVNTSCSC
| Q4 25 | 5.6% | 0.3% | ||
| Q3 25 | 3.1% | 0.3% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 5.5% | 0.3% | ||
| Q3 24 | 3.1% | 0.3% | ||
| Q2 24 | 3.7% | 0.2% | ||
| Q1 24 | 2.9% | 0.3% |
现金转化率AVNTSCSC
| Q4 25 | 9.93× | 1.87× | ||
| Q3 25 | 2.21× | 1.17× | ||
| Q2 25 | 2.14× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 2.54× | -0.36× | ||
| Q3 24 | 1.86× | 2.64× | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.87× | 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
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
