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BGC Group, Inc.（BGC）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BGC Group, Inc.的1.2倍（$766.5M vs $638.6M），BGC Group, Inc.净利率更高（2.3% vs 2.2%，领先0.1%），BGC Group, Inc.同比增速更快（34.4% vs 2.5%），BGC Group, Inc.自由现金流更多（$175.1M vs $28.9M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 0.9%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.2倍
$638.6M
营收增速更快
BGC
高出31.8%
2.5%
净利率更高
BGC
高出0.1%
2.2%
自由现金流更多
BGC
多$146.3M
$28.9M
两年增速更快
BGC
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $766.5M |
| 净利润 | $14.4M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 3.9% | 2.3% |
| 净利率 | 2.3% | 2.2% |
| 营收同比 | 34.4% | 2.5% |
| 净利润同比 | -43.0% | -3.3% |
| 每股收益（稀释后） | $0.03 | $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BGCSCSC
| Q4 25 | $638.6M | $766.5M | ||
| Q3 25 | $620.8M | $739.6M | ||
| Q2 25 | $648.0M | $812.9M | ||
| Q1 25 | $534.6M | $704.8M | ||
| Q4 24 | $475.2M | $747.5M | ||
| Q3 24 | $448.9M | $775.6M | ||
| Q2 24 | $435.0M | $746.1M | ||
| Q1 24 | $453.6M | $752.6M |
净利润BGCSCSC
| Q4 25 | $14.4M | $16.5M | ||
| Q3 25 | $27.9M | $19.9M | ||
| Q2 25 | $57.5M | $20.1M | ||
| Q1 25 | $55.2M | $17.4M | ||
| Q4 24 | $25.2M | $17.1M | ||
| Q3 24 | $14.7M | $17.0M | ||
| Q2 24 | $37.8M | $16.1M | ||
| Q1 24 | $49.2M | $12.8M |
毛利率BGCSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率BGCSCSC
| Q4 25 | 3.9% | 2.3% | ||
| Q3 25 | 5.4% | 3.5% | ||
| Q2 25 | 11.6% | 3.3% | ||
| Q1 25 | 15.0% | 3.2% | ||
| Q4 24 | 5.7% | 2.5% | ||
| Q3 24 | 4.4% | 2.3% | ||
| Q2 24 | 12.7% | 2.9% | ||
| Q1 24 | 15.7% | 2.3% |
净利率BGCSCSC
| Q4 25 | 2.3% | 2.2% | ||
| Q3 25 | 4.5% | 2.7% | ||
| Q2 25 | 8.9% | 2.5% | ||
| Q1 25 | 10.3% | 2.5% | ||
| Q4 24 | 5.3% | 2.3% | ||
| Q3 24 | 3.3% | 2.2% | ||
| Q2 24 | 8.7% | 2.2% | ||
| Q1 24 | 10.8% | 1.7% |
每股收益（稀释后）BGCSCSC
| Q4 25 | $0.03 | $0.75 | ||
| Q3 25 | $0.06 | $0.89 | ||
| Q2 25 | $0.11 | $0.87 | ||
| Q1 25 | $0.11 | $0.74 | ||
| Q4 24 | $0.04 | $0.70 | ||
| Q3 24 | $0.03 | $0.69 | ||
| Q2 24 | $0.08 | $0.66 | ||
| Q1 24 | $0.10 | $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 | $851.5M | $83.5M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $972.5M | $910.9M |
| 总资产 | $4.4B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.58× | — |
8季度趋势，按日历期对齐
现金及短期投资BGCSCSC
| Q4 25 | $851.5M | $83.5M | ||
| Q3 25 | $774.9M | $124.9M | ||
| Q2 25 | $827.8M | $126.2M | ||
| Q1 25 | $966.4M | $146.3M | ||
| Q4 24 | $711.6M | $110.5M | ||
| Q3 24 | $563.5M | $145.0M | ||
| Q2 24 | $571.7M | $185.5M | ||
| Q1 24 | $566.8M | $159.1M |
总债务BGCSCSC
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $945.0M | — |
股东权益BGCSCSC
| Q4 25 | $972.5M | $910.9M | ||
| Q3 25 | $965.3M | $914.0M | ||
| Q2 25 | $930.5M | $906.4M | ||
| Q1 25 | $963.8M | $901.7M | ||
| Q4 24 | $898.5M | $900.7M | ||
| Q3 24 | $860.1M | $920.9M | ||
| Q2 24 | $858.1M | $924.3M | ||
| Q1 24 | $912.1M | $944.1M |
总资产BGCSCSC
| Q4 25 | $4.4B | $1.7B | ||
| Q3 25 | $5.8B | $1.7B | ||
| Q2 25 | $4.9B | $1.8B | ||
| Q1 25 | $4.9B | $1.7B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $4.4B | $1.8B | ||
| Q2 24 | $4.3B | $1.8B | ||
| Q1 24 | $4.4B | $1.8B |
负债/权益比BGCSCSC
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.97× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.68× | — | ||
| Q1 24 | 1.04× | — |
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 | $180.4M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $28.9M |
| 自由现金流率自由现金流/营收 | 27.4% | 3.8% |
| 资本支出强度资本支出/营收 | 0.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 12.55× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $372.9M | — |
8季度趋势，按日历期对齐
经营现金流BGCSCSC
| Q4 25 | $180.4M | $30.8M | ||
| Q3 25 | $141.9M | $23.2M | ||
| Q2 25 | $71.2M | — | ||
| Q1 25 | $839.0K | $66.1M | ||
| Q4 24 | $251.9M | $-6.2M | ||
| Q3 24 | $88.3M | $44.8M | ||
| Q2 24 | $-53.0M | — | ||
| Q1 24 | $28.1M | $160.2M |
自由现金流BGCSCSC
| Q4 25 | $175.1M | $28.9M | ||
| Q3 25 | $137.2M | $20.8M | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $-4.4M | $64.6M | ||
| Q4 24 | $245.6M | $-8.2M | ||
| Q3 24 | $78.8M | $42.5M | ||
| Q2 24 | $-63.5M | — | ||
| Q1 24 | $24.9M | $157.7M |
自由现金流率BGCSCSC
| Q4 25 | 27.4% | 3.8% | ||
| Q3 25 | 22.1% | 2.8% | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | -0.8% | 9.2% | ||
| Q4 24 | 51.7% | -1.1% | ||
| Q3 24 | 17.5% | 5.5% | ||
| Q2 24 | -14.6% | — | ||
| Q1 24 | 5.5% | 21.0% |
资本支出强度BGCSCSC
| Q4 25 | 0.8% | 0.3% | ||
| Q3 25 | 0.8% | 0.3% | ||
| Q2 25 | 1.0% | 0.3% | ||
| Q1 25 | 1.0% | 0.2% | ||
| Q4 24 | 1.3% | 0.3% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 2.4% | 0.2% | ||
| Q1 24 | 0.7% | 0.3% |
现金转化率BGCSCSC
| Q4 25 | 12.55× | 1.87× | ||
| Q3 25 | 5.09× | 1.17× | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 0.02× | 3.79× | ||
| Q4 24 | 9.99× | -0.36× | ||
| Q3 24 | 5.99× | 2.64× | ||
| Q2 24 | -1.40× | — | ||
| Q1 24 | 0.57× | 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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
