vs
CrossAmerica Partners LP（CAPL）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
CrossAmerica Partners LP的季度营收约是SCANSOURCE, INC.的1.1倍（$866.3M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs 1.2%，领先1.0%），SCANSOURCE, INC.同比增速更快（2.5% vs -8.3%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $22.4M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs SCSC — 直观对比
营收规模更大
CAPL
是对方的1.1倍
$766.5M
营收增速更快
SCSC
高出10.8%
-8.3%
净利率更高
SCSC
高出1.0%
1.2%
自由现金流更多
SCSC
多$6.5M
$22.4M
两年增速更快
SCSC
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $766.5M |
| 净利润 | $10.2M | $16.5M |
| 毛利率 | 12.4% | 13.4% |
| 营业利润率 | 3.0% | 2.3% |
| 净利率 | 1.2% | 2.2% |
| 营收同比 | -8.3% | 2.5% |
| 净利润同比 | -39.6% | -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CAPLSCSC
| Q4 25 | $866.3M | $766.5M | ||
| Q3 25 | $971.8M | $739.6M | ||
| Q2 25 | $961.9M | $812.9M | ||
| Q1 25 | $862.5M | $704.8M | ||
| Q4 24 | $944.2M | $747.5M | ||
| Q3 24 | $1.1B | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | $941.5M | $752.6M |
净利润CAPLSCSC
| Q4 25 | $10.2M | $16.5M | ||
| Q3 25 | $13.6M | $19.9M | ||
| Q2 25 | $25.2M | $20.1M | ||
| Q1 25 | $-7.1M | $17.4M | ||
| Q4 24 | $16.9M | $17.1M | ||
| Q3 24 | $10.7M | $17.0M | ||
| Q2 24 | $12.4M | $16.1M | ||
| Q1 24 | $-17.5M | $12.8M |
毛利率CAPLSCSC
| Q4 25 | 12.4% | 13.4% | ||
| Q3 25 | 10.8% | 14.5% | ||
| Q2 25 | 10.5% | 12.9% | ||
| Q1 25 | 10.4% | 14.2% | ||
| Q4 24 | 10.7% | 13.6% | ||
| Q3 24 | 10.3% | 13.1% | ||
| Q2 24 | 9.2% | 13.0% | ||
| Q1 24 | 8.6% | 12.6% |
营业利润率CAPLSCSC
| Q4 25 | 3.0% | 2.3% | ||
| Q3 25 | 2.9% | 3.5% | ||
| Q2 25 | 4.3% | 3.3% | ||
| Q1 25 | 0.2% | 3.2% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 2.5% | 2.3% | ||
| Q2 24 | 2.5% | 2.9% | ||
| Q1 24 | -1.4% | 2.3% |
净利率CAPLSCSC
| Q4 25 | 1.2% | 2.2% | ||
| Q3 25 | 1.4% | 2.7% | ||
| Q2 25 | 2.6% | 2.5% | ||
| Q1 25 | -0.8% | 2.5% | ||
| Q4 24 | 1.8% | 2.3% | ||
| Q3 24 | 1.0% | 2.2% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | -1.9% | 1.7% |
每股收益（稀释后）CAPLSCSC
| Q4 25 | $0.24 | $0.75 | ||
| Q3 25 | $0.34 | $0.89 | ||
| Q2 25 | $0.64 | $0.87 | ||
| Q1 25 | $-0.20 | $0.74 | ||
| Q4 24 | $0.42 | $0.70 | ||
| Q3 24 | $0.27 | $0.69 | ||
| Q2 24 | $0.31 | $0.66 | ||
| Q1 24 | $-0.48 | $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 | $3.1M | $83.5M |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $910.9M |
| 总资产 | $964.7M | $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CAPLSCSC
| Q4 25 | $3.1M | $83.5M | ||
| Q3 25 | $5.8M | $124.9M | ||
| Q2 25 | $9.7M | $126.2M | ||
| Q1 25 | $6.7M | $146.3M | ||
| Q4 24 | $3.4M | $110.5M | ||
| Q3 24 | $7.8M | $145.0M | ||
| Q2 24 | $5.5M | $185.5M | ||
| Q1 24 | $6.3M | $159.1M |
总债务CAPLSCSC
| Q4 25 | $687.2M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — | ||
| Q1 24 | $795.8M | — |
股东权益CAPLSCSC
| Q4 25 | — | $910.9M | ||
| Q3 25 | — | $914.0M | ||
| Q2 25 | — | $906.4M | ||
| Q1 25 | — | $901.7M | ||
| Q4 24 | — | $900.7M | ||
| Q3 24 | — | $920.9M | ||
| Q2 24 | — | $924.3M | ||
| Q1 24 | — | $944.1M |
总资产CAPLSCSC
| Q4 25 | $964.7M | $1.7B | ||
| Q3 25 | $998.9M | $1.7B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.2B | $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 | $29.4M | $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 | 2.6% | 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 | 2.89× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $55.8M | — |
8季度趋势，按日历期对齐
经营现金流CAPLSCSC
| Q4 25 | $29.4M | $30.8M | ||
| Q3 25 | $24.4M | $23.2M | ||
| Q2 25 | $22.6M | — | ||
| Q1 25 | $15.0M | $66.1M | ||
| Q4 24 | $11.1M | $-6.2M | ||
| Q3 24 | $41.9M | $44.8M | ||
| Q2 24 | $28.9M | — | ||
| Q1 24 | $5.8M | $160.2M |
自由现金流CAPLSCSC
| Q4 25 | $22.4M | $28.9M | ||
| Q3 25 | $17.7M | $20.8M | ||
| Q2 25 | $10.8M | — | ||
| Q1 25 | $4.9M | $64.6M | ||
| Q4 24 | $3.9M | $-8.2M | ||
| Q3 24 | $34.2M | $42.5M | ||
| Q2 24 | $23.6M | — | ||
| Q1 24 | $-289.0K | $157.7M |
自由现金流率CAPLSCSC
| Q4 25 | 2.6% | 3.8% | ||
| Q3 25 | 1.8% | 2.8% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.6% | 9.2% | ||
| Q4 24 | 0.4% | -1.1% | ||
| Q3 24 | 3.2% | 5.5% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.0% | 21.0% |
资本支出强度CAPLSCSC
| Q4 25 | 0.8% | 0.3% | ||
| Q3 25 | 0.7% | 0.3% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 0.8% | 0.3% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 0.5% | 0.2% | ||
| Q1 24 | 0.6% | 0.3% |
现金转化率CAPLSCSC
| Q4 25 | 2.89× | 1.87× | ||
| Q3 25 | 1.79× | 1.17× | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 0.66× | -0.36× | ||
| Q3 24 | 3.92× | 2.64× | ||
| Q2 24 | 2.33× | — | ||
| 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
