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艾仕得（AXTA）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
艾仕得的季度营收约是SCANSOURCE, INC.的1.6倍（$1.3B vs $766.5M），艾仕得净利率更高（4.8% vs 2.2%，领先2.6%），SCANSOURCE, INC.同比增速更快（2.5% vs -3.7%），艾仕得自由现金流更多（$286.0M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs SCSC — 直观对比
营收规模更大
AXTA
是对方的1.6倍
$766.5M
营收增速更快
SCSC
高出6.3%
-3.7%
净利率更高
AXTA
高出2.6%
2.2%
自由现金流更多
AXTA
多$257.1M
$28.9M
两年增速更快
SCSC
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $766.5M |
| 净利润 | $60.0M | $16.5M |
| 毛利率 | 33.4% | 13.4% |
| 营业利润率 | 12.8% | 2.3% |
| 净利率 | 4.8% | 2.2% |
| 营收同比 | -3.7% | 2.5% |
| 净利润同比 | -56.2% | -3.3% |
| 每股收益（稀释后） | $0.28 | $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AXTASCSC
| Q4 25 | $1.3B | $766.5M | ||
| Q3 25 | $1.3B | $739.6M | ||
| Q2 25 | $1.3B | $812.9M | ||
| Q1 25 | $1.3B | $704.8M | ||
| Q4 24 | $1.3B | $747.5M | ||
| Q3 24 | $1.3B | $775.6M | ||
| Q2 24 | $1.4B | $746.1M | ||
| Q1 24 | $1.3B | $752.6M |
净利润AXTASCSC
| Q4 25 | $60.0M | $16.5M | ||
| Q3 25 | $110.0M | $19.9M | ||
| Q2 25 | $109.0M | $20.1M | ||
| Q1 25 | $99.0M | $17.4M | ||
| Q4 24 | $137.0M | $17.1M | ||
| Q3 24 | $101.0M | $17.0M | ||
| Q2 24 | $112.0M | $16.1M | ||
| Q1 24 | $41.0M | $12.8M |
毛利率AXTASCSC
| Q4 25 | 33.4% | 13.4% | ||
| Q3 25 | 34.9% | 14.5% | ||
| Q2 25 | 35.0% | 12.9% | ||
| Q1 25 | 34.3% | 14.2% | ||
| Q4 24 | 34.1% | 13.6% | ||
| Q3 24 | 35.0% | 13.1% | ||
| Q2 24 | 34.0% | 13.0% | ||
| Q1 24 | 33.2% | 12.6% |
营业利润率AXTASCSC
| Q4 25 | 12.8% | 2.3% | ||
| Q3 25 | 15.8% | 3.5% | ||
| Q2 25 | 14.8% | 3.3% | ||
| Q1 25 | 13.9% | 3.2% | ||
| Q4 24 | 14.3% | 2.5% | ||
| Q3 24 | 14.6% | 2.3% | ||
| Q2 24 | 15.2% | 2.9% | ||
| Q1 24 | 9.4% | 2.3% |
净利率AXTASCSC
| Q4 25 | 4.8% | 2.2% | ||
| Q3 25 | 8.5% | 2.7% | ||
| Q2 25 | 8.4% | 2.5% | ||
| Q1 25 | 7.8% | 2.5% | ||
| Q4 24 | 10.5% | 2.3% | ||
| Q3 24 | 7.7% | 2.2% | ||
| Q2 24 | 8.3% | 2.2% | ||
| Q1 24 | 3.2% | 1.7% |
每股收益（稀释后）AXTASCSC
| Q4 25 | $0.28 | $0.75 | ||
| Q3 25 | $0.51 | $0.89 | ||
| Q2 25 | $0.50 | $0.87 | ||
| Q1 25 | $0.45 | $0.74 | ||
| Q4 24 | $0.63 | $0.70 | ||
| Q3 24 | $0.46 | $0.69 | ||
| Q2 24 | $0.51 | $0.66 | ||
| Q1 24 | $0.18 | $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 | $657.0M | $83.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $910.9M |
| 总资产 | $7.6B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTASCSC
| Q4 25 | $657.0M | $83.5M | ||
| Q3 25 | $606.0M | $124.9M | ||
| Q2 25 | $625.0M | $126.2M | ||
| Q1 25 | $575.0M | $146.3M | ||
| Q4 24 | $593.0M | $110.5M | ||
| Q3 24 | $567.0M | $145.0M | ||
| Q2 24 | $840.0M | $185.5M | ||
| Q1 24 | $624.0M | $159.1M |
总债务AXTASCSC
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTASCSC
| Q4 25 | $2.3B | $910.9M | ||
| Q3 25 | $2.3B | $914.0M | ||
| Q2 25 | $2.3B | $906.4M | ||
| Q1 25 | $2.1B | $901.7M | ||
| Q4 24 | $1.9B | $900.7M | ||
| Q3 24 | $1.9B | $920.9M | ||
| Q2 24 | $1.8B | $924.3M | ||
| Q1 24 | $1.7B | $944.1M |
总资产AXTASCSC
| Q4 25 | $7.6B | $1.7B | ||
| Q3 25 | $7.8B | $1.7B | ||
| Q2 25 | $7.8B | $1.8B | ||
| Q1 25 | $7.4B | $1.7B | ||
| Q4 24 | $7.2B | $1.7B | ||
| Q3 24 | $7.5B | $1.8B | ||
| Q2 24 | $7.3B | $1.8B | ||
| Q1 24 | $7.1B | $1.8B |
负债/权益比AXTASCSC
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.97× | — |
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 | $344.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 22.7% | 3.8% |
| 资本支出强度资本支出/营收 | 4.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 5.73× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $453.0M | — |
8季度趋势，按日历期对齐
经营现金流AXTASCSC
| Q4 25 | $344.0M | $30.8M | ||
| Q3 25 | $137.0M | $23.2M | ||
| Q2 25 | $142.0M | — | ||
| Q1 25 | $26.0M | $66.1M | ||
| Q4 24 | $234.0M | $-6.2M | ||
| Q3 24 | $194.0M | $44.8M | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $34.0M | $160.2M |
自由现金流AXTASCSC
| Q4 25 | $286.0M | $28.9M | ||
| Q3 25 | $87.0M | $20.8M | ||
| Q2 25 | $97.0M | — | ||
| Q1 25 | $-17.0M | $64.6M | ||
| Q4 24 | $172.0M | $-8.2M | ||
| Q3 24 | $161.0M | $42.5M | ||
| Q2 24 | $91.0M | — | ||
| Q1 24 | $12.0M | $157.7M |
自由现金流率AXTASCSC
| Q4 25 | 22.7% | 3.8% | ||
| Q3 25 | 6.8% | 2.8% | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -1.3% | 9.2% | ||
| Q4 24 | 13.1% | -1.1% | ||
| Q3 24 | 12.2% | 5.5% | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 0.9% | 21.0% |
资本支出强度AXTASCSC
| Q4 25 | 4.6% | 0.3% | ||
| Q3 25 | 3.9% | 0.3% | ||
| Q2 25 | 3.4% | 0.3% | ||
| Q1 25 | 3.4% | 0.2% | ||
| Q4 24 | 4.7% | 0.3% | ||
| Q3 24 | 2.5% | 0.3% | ||
| Q2 24 | 1.7% | 0.2% | ||
| Q1 24 | 1.7% | 0.3% |
现金转化率AXTASCSC
| Q4 25 | 5.73× | 1.87× | ||
| Q3 25 | 1.25× | 1.17× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | 3.79× | ||
| Q4 24 | 1.71× | -0.36× | ||
| Q3 24 | 1.92× | 2.64× | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 0.83× | 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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
