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阿姆斯壮世界工业（AWI）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.的季度营收约是阿姆斯壮世界工业的2.0倍（$766.5M vs $388.3M），阿姆斯壮世界工业净利率更高（16.9% vs 2.2%，领先14.7%），阿姆斯壮世界工业同比增速更快（5.6% vs 2.5%），阿姆斯壮世界工业自由现金流更多（$62.2M vs $28.9M），过去两年阿姆斯壮世界工业的营收复合增速更高（9.1% vs 0.9%）
阿姆斯壮世界工业是一家国际知名的墙面及吊顶建筑材料设计与生产商，总部位于美国宾夕法尼亚州兰开斯特市。截至2014年，公司共有3100名员工，在全球布局17个生产基地，较2012年的26个有所减少，其中9家工厂隶属于其WAVE合资项目。
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。
AWI vs SCSC — 直观对比
营收规模更大
SCSC
是对方的2.0倍
$388.3M
营收增速更快
AWI
高出3.1%
2.5%
净利率更高
AWI
高出14.7%
2.2%
自由现金流更多
AWI
多$33.3M
$28.9M
两年增速更快
AWI
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $388.3M | $766.5M |
| 净利润 | $65.5M | $16.5M |
| 毛利率 | 39.8% | 13.4% |
| 营业利润率 | 23.7% | 2.3% |
| 净利率 | 16.9% | 2.2% |
| 营收同比 | 5.6% | 2.5% |
| 净利润同比 | 5.3% | -3.3% |
| 每股收益（稀释后） | $1.51 | $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AWISCSC
| Q4 25 | $388.3M | $766.5M | ||
| Q3 25 | $425.2M | $739.6M | ||
| Q2 25 | $424.6M | $812.9M | ||
| Q1 25 | $382.7M | $704.8M | ||
| Q4 24 | $367.7M | $747.5M | ||
| Q3 24 | $386.6M | $775.6M | ||
| Q2 24 | $365.1M | $746.1M | ||
| Q1 24 | $326.3M | $752.6M |
净利润AWISCSC
| Q4 25 | $65.5M | $16.5M | ||
| Q3 25 | $86.3M | $19.9M | ||
| Q2 25 | $87.8M | $20.1M | ||
| Q1 25 | $69.1M | $17.4M | ||
| Q4 24 | $62.2M | $17.1M | ||
| Q3 24 | $76.9M | $17.0M | ||
| Q2 24 | $65.9M | $16.1M | ||
| Q1 24 | $59.9M | $12.8M |
毛利率AWISCSC
| Q4 25 | 39.8% | 13.4% | ||
| Q3 25 | 42.0% | 14.5% | ||
| Q2 25 | 41.4% | 12.9% | ||
| Q1 25 | 39.2% | 14.2% | ||
| Q4 24 | 39.1% | 13.6% | ||
| Q3 24 | 42.4% | 13.1% | ||
| Q2 24 | 40.9% | 13.0% | ||
| Q1 24 | 38.1% | 12.6% |
营业利润率AWISCSC
| Q4 25 | 23.7% | 2.3% | ||
| Q3 25 | 27.6% | 3.5% | ||
| Q2 25 | 29.0% | 3.3% | ||
| Q1 25 | 25.7% | 3.2% | ||
| Q4 24 | 22.3% | 2.5% | ||
| Q3 24 | 28.8% | 2.3% | ||
| Q2 24 | 26.0% | 2.9% | ||
| Q1 24 | 26.4% | 2.3% |
净利率AWISCSC
| Q4 25 | 16.9% | 2.2% | ||
| Q3 25 | 20.3% | 2.7% | ||
| Q2 25 | 20.7% | 2.5% | ||
| Q1 25 | 18.1% | 2.5% | ||
| Q4 24 | 16.9% | 2.3% | ||
| Q3 24 | 19.9% | 2.2% | ||
| Q2 24 | 18.0% | 2.2% | ||
| Q1 24 | 18.4% | 1.7% |
每股收益（稀释后）AWISCSC
| Q4 25 | $1.51 | $0.75 | ||
| Q3 25 | $1.98 | $0.89 | ||
| Q2 25 | $2.01 | $0.87 | ||
| Q1 25 | $1.58 | $0.74 | ||
| Q4 24 | $1.41 | $0.70 | ||
| Q3 24 | $1.75 | $0.69 | ||
| Q2 24 | $1.50 | $0.66 | ||
| Q1 24 | $1.36 | $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 | $112.7M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $900.7M | $910.9M |
| 总资产 | $1.9B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AWISCSC
| Q4 25 | $112.7M | $83.5M | ||
| Q3 25 | $90.1M | $124.9M | ||
| Q2 25 | $81.1M | $126.2M | ||
| Q1 25 | $82.8M | $146.3M | ||
| Q4 24 | $79.3M | $110.5M | ||
| Q3 24 | $73.7M | $145.0M | ||
| Q2 24 | $73.6M | $185.5M | ||
| Q1 24 | $69.6M | $159.1M |
股东权益AWISCSC
| Q4 25 | $900.7M | $910.9M | ||
| Q3 25 | $889.2M | $914.0M | ||
| Q2 25 | $837.8M | $906.4M | ||
| Q1 25 | $793.4M | $901.7M | ||
| Q4 24 | $757.1M | $900.7M | ||
| Q3 24 | $717.0M | $920.9M | ||
| Q2 24 | $669.0M | $924.3M | ||
| Q1 24 | $626.8M | $944.1M |
总资产AWISCSC
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.7B | $1.8B |
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 | $110.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $28.9M |
| 自由现金流率自由现金流/营收 | 16.0% | 3.8% |
| 资本支出强度资本支出/营收 | 12.3% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $246.1M | — |
8季度趋势，按日历期对齐
经营现金流AWISCSC
| Q4 25 | $110.0M | $30.8M | ||
| Q3 25 | $122.9M | $23.2M | ||
| Q2 25 | $81.6M | — | ||
| Q1 25 | $41.0M | $66.1M | ||
| Q4 24 | $86.6M | $-6.2M | ||
| Q3 24 | $96.5M | $44.8M | ||
| Q2 24 | $57.3M | — | ||
| Q1 24 | $26.4M | $160.2M |
自由现金流AWISCSC
| Q4 25 | $62.2M | $28.9M | ||
| Q3 25 | $100.3M | $20.8M | ||
| Q2 25 | $61.7M | — | ||
| Q1 25 | $21.9M | $64.6M | ||
| Q4 24 | $57.8M | $-8.2M | ||
| Q3 24 | $77.1M | $42.5M | ||
| Q2 24 | $37.4M | — | ||
| Q1 24 | $11.7M | $157.7M |
自由现金流率AWISCSC
| Q4 25 | 16.0% | 3.8% | ||
| Q3 25 | 23.6% | 2.8% | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 5.7% | 9.2% | ||
| Q4 24 | 15.7% | -1.1% | ||
| Q3 24 | 19.9% | 5.5% | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 3.6% | 21.0% |
资本支出强度AWISCSC
| Q4 25 | 12.3% | 0.3% | ||
| Q3 25 | 5.3% | 0.3% | ||
| Q2 25 | 4.7% | 0.3% | ||
| Q1 25 | 5.0% | 0.2% | ||
| Q4 24 | 7.8% | 0.3% | ||
| Q3 24 | 5.0% | 0.3% | ||
| Q2 24 | 5.5% | 0.2% | ||
| Q1 24 | 4.5% | 0.3% |
现金转化率AWISCSC
| Q4 25 | 1.68× | 1.87× | ||
| Q3 25 | 1.42× | 1.17× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | 3.79× | ||
| Q4 24 | 1.39× | -0.36× | ||
| Q3 24 | 1.25× | 2.64× | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 0.44× | 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
AWI
| Distributors | $183.0M | 47% |
| Architectural Specialties | $143.7M | 37% |
| Home Centers | $27.2M | 7% |
| Retailers And Other | $21.7M | 6% |
| Direct Customers | $12.7M | 3% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
