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CBIZ, Inc.（CBZ）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
CBIZ, Inc.的季度营收约是SCANSOURCE, INC.的1.1倍（$848.6M vs $766.5M），CBIZ, Inc.净利率更高（19.0% vs 2.2%，领先16.9%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.3%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-28.5M），过去两年CBIZ, Inc.的营收复合增速更高（42.1% vs 0.9%）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
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。
CBZ vs SCSC — 直观对比
营收规模更大
CBZ
是对方的1.1倍
$766.5M
营收增速更快
SCSC
高出1.3%
1.3%
净利率更高
CBZ
高出16.9%
2.2%
自由现金流更多
SCSC
多$57.4M
$-28.5M
两年增速更快
CBZ
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $848.6M | $766.5M |
| 净利润 | $161.6M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 23.2% | 2.3% |
| 净利率 | 19.0% | 2.2% |
| 营收同比 | 1.3% | 2.5% |
| 净利润同比 | — | -3.3% |
| 每股收益（稀释后） | $2.63 | $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CBZSCSC
| Q1 26 | $848.6M | — | ||
| Q4 25 | $542.7M | $766.5M | ||
| Q3 25 | $693.8M | $739.6M | ||
| Q2 25 | $683.5M | $812.9M | ||
| Q1 25 | $838.0M | $704.8M | ||
| Q4 24 | $460.3M | $747.5M | ||
| Q3 24 | $438.9M | $775.6M | ||
| Q2 24 | $420.0M | $746.1M |
净利润CBZSCSC
| Q1 26 | $161.6M | — | ||
| Q4 25 | $-79.4M | $16.5M | ||
| Q3 25 | $30.1M | $19.9M | ||
| Q2 25 | $41.9M | $20.1M | ||
| Q1 25 | $122.8M | $17.4M | ||
| Q4 24 | $-90.7M | $17.1M | ||
| Q3 24 | $35.1M | $17.0M | ||
| Q2 24 | $19.8M | $16.1M |
毛利率CBZSCSC
| Q1 26 | — | — | ||
| Q4 25 | -9.4% | 13.4% | ||
| Q3 25 | 13.0% | 14.5% | ||
| Q2 25 | 12.9% | 12.9% | ||
| Q1 25 | 27.2% | 14.2% | ||
| Q4 24 | -13.4% | 13.6% | ||
| Q3 24 | 16.6% | 13.1% | ||
| Q2 24 | 12.8% | 13.0% |
营业利润率CBZSCSC
| Q1 26 | 23.2% | — | ||
| Q4 25 | -15.7% | 2.3% | ||
| Q3 25 | 8.5% | 3.5% | ||
| Q2 25 | 8.8% | 3.3% | ||
| Q1 25 | 23.9% | 3.2% | ||
| Q4 24 | -23.2% | 2.5% | ||
| Q3 24 | 11.3% | 2.3% | ||
| Q2 24 | 7.5% | 2.9% |
净利率CBZSCSC
| Q1 26 | 19.0% | — | ||
| Q4 25 | -14.6% | 2.2% | ||
| Q3 25 | 4.3% | 2.7% | ||
| Q2 25 | 6.1% | 2.5% | ||
| Q1 25 | 14.7% | 2.5% | ||
| Q4 24 | -19.7% | 2.3% | ||
| Q3 24 | 8.0% | 2.2% | ||
| Q2 24 | 4.7% | 2.2% |
每股收益（稀释后）CBZSCSC
| Q1 26 | $2.63 | — | ||
| Q4 25 | $-1.22 | $0.75 | ||
| Q3 25 | $0.48 | $0.89 | ||
| Q2 25 | $0.66 | $0.87 | ||
| Q1 25 | $1.91 | $0.74 | ||
| Q4 24 | $-1.84 | $0.70 | ||
| Q3 24 | $0.70 | $0.69 | ||
| Q2 24 | $0.39 | $0.66 |
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 | $28.7M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $910.9M |
| 总资产 | $4.6B | $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CBZSCSC
| Q1 26 | $28.7M | — | ||
| Q4 25 | $18.3M | $83.5M | ||
| Q3 25 | $17.0M | $124.9M | ||
| Q2 25 | $39.8M | $126.2M | ||
| Q1 25 | $8.8M | $146.3M | ||
| Q4 24 | $13.8M | $110.5M | ||
| Q3 24 | $1.1M | $145.0M | ||
| Q2 24 | $1.1M | $185.5M |
股东权益CBZSCSC
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $910.9M | ||
| Q3 25 | $1.9B | $914.0M | ||
| Q2 25 | $1.9B | $906.4M | ||
| Q1 25 | $1.9B | $901.7M | ||
| Q4 24 | $1.8B | $900.7M | ||
| Q3 24 | $927.9M | $920.9M | ||
| Q2 24 | $891.4M | $924.3M |
总资产CBZSCSC
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.4B | $1.7B | ||
| Q3 25 | $4.5B | $1.7B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.6B | $1.7B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.2B | $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 | $-25.5M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $-28.5M | $28.9M |
| 自由现金流率自由现金流/营收 | -3.4% | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | -0.16× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $240.5M | — |
8季度趋势，按日历期对齐
经营现金流CBZSCSC
| Q1 26 | $-25.5M | — | ||
| Q4 25 | $143.6M | $30.8M | ||
| Q3 25 | $24.0M | $23.2M | ||
| Q2 25 | $113.1M | — | ||
| Q1 25 | $-88.3M | $66.1M | ||
| Q4 24 | $55.5M | $-6.2M | ||
| Q3 24 | $43.7M | $44.8M | ||
| Q2 24 | $88.2M | — |
自由现金流CBZSCSC
| Q1 26 | $-28.5M | — | ||
| Q4 25 | $141.7M | $28.9M | ||
| Q3 25 | $22.1M | $20.8M | ||
| Q2 25 | $105.2M | — | ||
| Q1 25 | $-93.4M | $64.6M | ||
| Q4 24 | $52.3M | $-8.2M | ||
| Q3 24 | $41.1M | $42.5M | ||
| Q2 24 | $86.3M | — |
自由现金流率CBZSCSC
| Q1 26 | -3.4% | — | ||
| Q4 25 | 26.1% | 3.8% | ||
| Q3 25 | 3.2% | 2.8% | ||
| Q2 25 | 15.4% | — | ||
| Q1 25 | -11.2% | 9.2% | ||
| Q4 24 | 11.4% | -1.1% | ||
| Q3 24 | 9.4% | 5.5% | ||
| Q2 24 | 20.5% | — |
资本支出强度CBZSCSC
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.7% | 0.3% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.4% | 0.2% |
现金转化率CBZSCSC
| Q1 26 | -0.16× | — | ||
| Q4 25 | — | 1.87× | ||
| Q3 25 | 0.79× | 1.17× | ||
| Q2 25 | 2.70× | — | ||
| Q1 25 | -0.72× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 1.25× | 2.64× | ||
| Q2 24 | 4.45× | — |
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
CBZ
| Financial Services (1) | $740.3M | 87% |
| Benefits and Insurance Services | $108.2M | 13% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
