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BRADY CORP（BRC）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BRADY CORP的1.9倍（$766.5M vs $405.3M），BRADY CORP净利率更高（13.3% vs 2.2%，领先11.2%），BRADY CORP同比增速更快（7.5% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $22.4M），过去两年BRADY CORP的营收复合增速更高（12.1% vs 0.9%）
布雷迪公司是美国特种产品、技术设备及标识解决方案供应商，1914年创立，总部位于威斯康星州密尔沃基，在美洲、欧洲、亚洲、澳洲拥有6600名员工，业务覆盖全球，为各行业客户提供工作场景所需的零部件标识相关产品与服务。
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。
BRC vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.9倍
$405.3M
营收增速更快
BRC
高出4.9%
2.5%
净利率更高
BRC
高出11.2%
2.2%
自由现金流更多
SCSC
多$6.5M
$22.4M
两年增速更快
BRC
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $405.3M | $766.5M |
| 净利润 | $53.9M | $16.5M |
| 毛利率 | 51.5% | 13.4% |
| 营业利润率 | 16.8% | 2.3% |
| 净利率 | 13.3% | 2.2% |
| 营收同比 | 7.5% | 2.5% |
| 净利润同比 | 15.3% | -3.3% |
| 每股收益（稀释后） | — | $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BRCSCSC
| Q4 25 | $405.3M | $766.5M | ||
| Q3 25 | $397.3M | $739.6M | ||
| Q2 25 | $382.6M | $812.9M | ||
| Q1 25 | $356.7M | $704.8M | ||
| Q4 24 | $377.1M | $747.5M | ||
| Q3 24 | $343.4M | $775.6M | ||
| Q2 24 | $343.4M | $746.1M | ||
| Q1 24 | $322.6M | $752.6M |
净利润BRCSCSC
| Q4 25 | $53.9M | $16.5M | ||
| Q3 25 | $49.9M | $19.9M | ||
| Q2 25 | $52.3M | $20.1M | ||
| Q1 25 | $40.3M | $17.4M | ||
| Q4 24 | $46.8M | $17.1M | ||
| Q3 24 | $55.5M | $17.0M | ||
| Q2 24 | $50.9M | $16.1M | ||
| Q1 24 | $43.6M | $12.8M |
毛利率BRCSCSC
| Q4 25 | 51.5% | 13.4% | ||
| Q3 25 | 50.4% | 14.5% | ||
| Q2 25 | 51.0% | 12.9% | ||
| Q1 25 | 49.3% | 14.2% | ||
| Q4 24 | 50.3% | 13.6% | ||
| Q3 24 | 51.6% | 13.1% | ||
| Q2 24 | 51.6% | 13.0% | ||
| Q1 24 | 50.2% | 12.6% |
营业利润率BRCSCSC
| Q4 25 | 16.8% | 2.3% | ||
| Q3 25 | 14.9% | 3.5% | ||
| Q2 25 | 17.6% | 3.3% | ||
| Q1 25 | 14.4% | 3.2% | ||
| Q4 24 | 15.6% | 2.5% | ||
| Q3 24 | 19.3% | 2.3% | ||
| Q2 24 | 18.5% | 2.9% | ||
| Q1 24 | 16.7% | 2.3% |
净利率BRCSCSC
| Q4 25 | 13.3% | 2.2% | ||
| Q3 25 | 12.6% | 2.7% | ||
| Q2 25 | 13.7% | 2.5% | ||
| Q1 25 | 11.3% | 2.5% | ||
| Q4 24 | 12.4% | 2.3% | ||
| Q3 24 | 16.1% | 2.2% | ||
| Q2 24 | 14.8% | 2.2% | ||
| Q1 24 | 13.5% | 1.7% |
每股收益（稀释后）BRCSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $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 | $182.7M | $83.5M |
| 总债务越低越好 | $115.9M | — |
| 股东权益账面价值 | $1.2B | $910.9M |
| 总资产 | $1.8B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资BRCSCSC
| Q4 25 | $182.7M | $83.5M | ||
| Q3 25 | $174.3M | $124.9M | ||
| Q2 25 | $152.2M | $126.2M | ||
| Q1 25 | $138.5M | $146.3M | ||
| Q4 24 | $145.7M | $110.5M | ||
| Q3 24 | $250.1M | $145.0M | ||
| Q2 24 | $160.5M | $185.5M | ||
| Q1 24 | $143.9M | $159.1M |
总债务BRCSCSC
| Q4 25 | $115.9M | — | ||
| Q3 25 | $99.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $90.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BRCSCSC
| Q4 25 | $1.2B | $910.9M | ||
| Q3 25 | $1.2B | $914.0M | ||
| Q2 25 | $1.2B | $906.4M | ||
| Q1 25 | $1.1B | $901.7M | ||
| Q4 24 | $1.1B | $900.7M | ||
| Q3 24 | $1.1B | $920.9M | ||
| Q2 24 | $1.0B | $924.3M | ||
| Q1 24 | $1.0B | $944.1M |
总资产BRCSCSC
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.4B | $1.8B |
负债/权益比BRCSCSC
| Q4 25 | 0.09× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $33.4M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 5.5% | 3.8% |
| 资本支出强度资本支出/营收 | 2.7% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.62× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $159.9M | — |
8季度趋势，按日历期对齐
经营现金流BRCSCSC
| Q4 25 | $33.4M | $30.8M | ||
| Q3 25 | $58.3M | $23.2M | ||
| Q2 25 | $59.9M | — | ||
| Q1 25 | $39.6M | $66.1M | ||
| Q4 24 | $23.4M | $-6.2M | ||
| Q3 24 | $84.0M | $44.8M | ||
| Q2 24 | $72.7M | — | ||
| Q1 24 | $36.1M | $160.2M |
自由现金流BRCSCSC
| Q4 25 | $22.4M | $28.9M | ||
| Q3 25 | $49.4M | $20.8M | ||
| Q2 25 | $55.6M | — | ||
| Q1 25 | $32.5M | $64.6M | ||
| Q4 24 | $16.1M | $-8.2M | ||
| Q3 24 | $73.2M | $42.5M | ||
| Q2 24 | $64.4M | — | ||
| Q1 24 | $-13.5M | $157.7M |
自由现金流率BRCSCSC
| Q4 25 | 5.5% | 3.8% | ||
| Q3 25 | 12.4% | 2.8% | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 9.1% | 9.2% | ||
| Q4 24 | 4.3% | -1.1% | ||
| Q3 24 | 21.3% | 5.5% | ||
| Q2 24 | 18.8% | — | ||
| Q1 24 | -4.2% | 21.0% |
资本支出强度BRCSCSC
| Q4 25 | 2.7% | 0.3% | ||
| Q3 25 | 2.2% | 0.3% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.9% | 0.3% | ||
| Q3 24 | 3.1% | 0.3% | ||
| Q2 24 | 2.4% | 0.2% | ||
| Q1 24 | 15.4% | 0.3% |
现金转化率BRCSCSC
| Q4 25 | 0.62× | 1.87× | ||
| Q3 25 | 1.17× | 1.17× | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 0.98× | 3.79× | ||
| Q4 24 | 0.50× | -0.36× | ||
| Q3 24 | 1.51× | 2.64× | ||
| Q2 24 | 1.43× | — | ||
| 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
BRC
| Americas Asia | $215.1M | 53% |
| Europe Australia | $119.9M | 30% |
| Other | $70.2M | 17% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
