vs
B&G Foods, Inc.（BGS）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B&G Foods, Inc.的1.7倍（$766.5M vs $439.3M），SCANSOURCE, INC.净利率更高（2.2% vs -4.4%，领先6.5%），SCANSOURCE, INC.同比增速更快（2.5% vs -4.7%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-70.7M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.7倍
$439.3M
营收增速更快
SCSC
高出7.3%
-4.7%
净利率更高
SCSC
高出6.5%
-4.4%
自由现金流更多
SCSC
多$99.6M
$-70.7M
两年增速更快
SCSC
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $766.5M |
| 净利润 | $-19.1M | $16.5M |
| 毛利率 | 22.5% | 13.4% |
| 营业利润率 | 2.5% | 2.3% |
| 净利率 | -4.4% | 2.2% |
| 营收同比 | -4.7% | 2.5% |
| 净利润同比 | -356.5% | -3.3% |
| 每股收益（稀释后） | $-0.24 | $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BGSSCSC
| Q4 25 | — | $766.5M | ||
| Q3 25 | $439.3M | $739.6M | ||
| Q2 25 | $424.4M | $812.9M | ||
| Q1 25 | $425.4M | $704.8M | ||
| Q4 24 | $551.6M | $747.5M | ||
| Q3 24 | $461.1M | $775.6M | ||
| Q2 24 | $444.6M | $746.1M | ||
| Q1 24 | $475.2M | $752.6M |
净利润BGSSCSC
| Q4 25 | — | $16.5M | ||
| Q3 25 | $-19.1M | $19.9M | ||
| Q2 25 | $-9.8M | $20.1M | ||
| Q1 25 | $835.0K | $17.4M | ||
| Q4 24 | $-222.4M | $17.1M | ||
| Q3 24 | $7.5M | $17.0M | ||
| Q2 24 | $3.9M | $16.1M | ||
| Q1 24 | $-40.2M | $12.8M |
毛利率BGSSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | 22.5% | 14.5% | ||
| Q2 25 | 20.5% | 12.9% | ||
| Q1 25 | 21.2% | 14.2% | ||
| Q4 24 | 21.5% | 13.6% | ||
| Q3 24 | 22.2% | 13.1% | ||
| Q2 24 | 20.7% | 13.0% | ||
| Q1 24 | 22.9% | 12.6% |
营业利润率BGSSCSC
| Q4 25 | — | 2.3% | ||
| Q3 25 | 2.5% | 3.5% | ||
| Q2 25 | 5.2% | 3.3% | ||
| Q1 25 | 8.4% | 3.2% | ||
| Q4 24 | -46.6% | 2.5% | ||
| Q3 24 | 11.1% | 2.3% | ||
| Q2 24 | 9.9% | 2.9% | ||
| Q1 24 | -3.3% | 2.3% |
净利率BGSSCSC
| Q4 25 | — | 2.2% | ||
| Q3 25 | -4.4% | 2.7% | ||
| Q2 25 | -2.3% | 2.5% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | -40.3% | 2.3% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 0.9% | 2.2% | ||
| Q1 24 | -8.5% | 1.7% |
每股收益（稀释后）BGSSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | $-0.24 | $0.89 | ||
| Q2 25 | $-0.12 | $0.87 | ||
| Q1 25 | $0.01 | $0.74 | ||
| Q4 24 | $-2.81 | $0.70 | ||
| Q3 24 | $0.09 | $0.69 | ||
| Q2 24 | $0.05 | $0.66 | ||
| Q1 24 | $-0.51 | $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 | $60.9M | $83.5M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $910.9M |
| 总资产 | $2.9B | $1.7B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | $60.9M | $124.9M | ||
| Q2 25 | $54.1M | $126.2M | ||
| Q1 25 | $61.2M | $146.3M | ||
| Q4 24 | $50.6M | $110.5M | ||
| Q3 24 | $54.7M | $145.0M | ||
| Q2 24 | $40.3M | $185.5M | ||
| Q1 24 | $42.5M | $159.1M |
总债务BGSSCSC
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
股东权益BGSSCSC
| Q4 25 | — | $910.9M | ||
| Q3 25 | $470.7M | $914.0M | ||
| Q2 25 | $501.4M | $906.4M | ||
| Q1 25 | $513.1M | $901.7M | ||
| Q4 24 | $524.8M | $900.7M | ||
| Q3 24 | $755.3M | $920.9M | ||
| Q2 24 | $765.0M | $924.3M | ||
| Q1 24 | $781.2M | $944.1M |
总资产BGSSCSC
| Q4 25 | — | $1.7B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.9B | $1.8B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.4B | $1.8B | ||
| Q2 24 | $3.4B | $1.8B | ||
| Q1 24 | $3.4B | $1.8B |
负债/权益比BGSSCSC
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | — |
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 | $-64.6M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $28.9M |
| 自由现金流率自由现金流/营收 | -16.1% | 3.8% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $54.8M | — |
8季度趋势，按日历期对齐
经营现金流BGSSCSC
| Q4 25 | — | $30.8M | ||
| Q3 25 | $-64.6M | $23.2M | ||
| Q2 25 | $17.8M | — | ||
| Q1 25 | $52.7M | $66.1M | ||
| Q4 24 | $80.3M | $-6.2M | ||
| Q3 24 | $4.2M | $44.8M | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $35.1M | $160.2M |
自由现金流BGSSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | $-70.7M | $20.8M | ||
| Q2 25 | $11.5M | — | ||
| Q1 25 | $42.4M | $64.6M | ||
| Q4 24 | $71.7M | $-8.2M | ||
| Q3 24 | $-679.0K | $42.5M | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $27.5M | $157.7M |
自由现金流率BGSSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | -16.1% | 2.8% | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 10.0% | 9.2% | ||
| Q4 24 | 13.0% | -1.1% | ||
| Q3 24 | -0.1% | 5.5% | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 5.8% | 21.0% |
资本支出强度BGSSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.4% | 0.3% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 1.0% | 0.3% | ||
| Q2 24 | 1.4% | 0.2% | ||
| Q1 24 | 1.6% | 0.3% |
现金转化率BGSSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 0.56× | 2.64× | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | 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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
