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科慕（CC）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
科慕的季度营收约是SCANSOURCE, INC.的1.7倍（$1.3B vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -3.5%，领先5.7%），SCANSOURCE, INC.同比增速更快（2.5% vs -2.1%），科慕自由现金流更多（$92.0M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -1.2%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
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。
CC vs SCSC — 直观对比
营收规模更大
CC
是对方的1.7倍
$766.5M
营收增速更快
SCSC
高出4.6%
-2.1%
净利率更高
SCSC
高出5.7%
-3.5%
自由现金流更多
CC
多$63.1M
$28.9M
两年增速更快
SCSC
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $766.5M |
| 净利润 | $-47.0M | $16.5M |
| 毛利率 | 11.7% | 13.4% |
| 营业利润率 | — | 2.3% |
| 净利率 | -3.5% | 2.2% |
| 营收同比 | -2.1% | 2.5% |
| 净利润同比 | -261.5% | -3.3% |
| 每股收益（稀释后） | $-0.32 | $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CCSCSC
| Q4 25 | $1.3B | $766.5M | ||
| Q3 25 | $1.5B | $739.6M | ||
| Q2 25 | $1.6B | $812.9M | ||
| Q1 25 | $1.4B | $704.8M | ||
| Q4 24 | $1.4B | $747.5M | ||
| Q3 24 | $1.5B | $775.6M | ||
| Q2 24 | $1.6B | $746.1M | ||
| Q1 24 | $1.4B | $752.6M |
净利润CCSCSC
| Q4 25 | $-47.0M | $16.5M | ||
| Q3 25 | $46.0M | $19.9M | ||
| Q2 25 | $-380.0M | $20.1M | ||
| Q1 25 | $-5.0M | $17.4M | ||
| Q4 24 | $-13.0M | $17.1M | ||
| Q3 24 | $-32.0M | $17.0M | ||
| Q2 24 | $60.0M | $16.1M | ||
| Q1 24 | $54.0M | $12.8M |
毛利率CCSCSC
| Q4 25 | 11.7% | 13.4% | ||
| Q3 25 | 15.6% | 14.5% | ||
| Q2 25 | 17.2% | 12.9% | ||
| Q1 25 | 17.3% | 14.2% | ||
| Q4 24 | 19.4% | 13.6% | ||
| Q3 24 | 19.0% | 13.1% | ||
| Q2 24 | 19.8% | 13.0% | ||
| Q1 24 | 20.9% | 12.6% |
营业利润率CCSCSC
| Q4 25 | — | 2.3% | ||
| Q3 25 | 2.5% | 3.5% | ||
| Q2 25 | -15.4% | 3.3% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | -0.1% | 2.5% | ||
| Q3 24 | -2.1% | 2.3% | ||
| Q2 24 | 4.4% | 2.9% | ||
| Q1 24 | 5.1% | 2.3% |
净利率CCSCSC
| Q4 25 | -3.5% | 2.2% | ||
| Q3 25 | 3.1% | 2.7% | ||
| Q2 25 | -23.5% | 2.5% | ||
| Q1 25 | -0.4% | 2.5% | ||
| Q4 24 | -1.0% | 2.3% | ||
| Q3 24 | -2.1% | 2.2% | ||
| Q2 24 | 3.9% | 2.2% | ||
| Q1 24 | 4.0% | 1.7% |
每股收益（稀释后）CCSCSC
| Q4 25 | $-0.32 | $0.75 | ||
| Q3 25 | $0.31 | $0.89 | ||
| Q2 25 | $-2.53 | $0.87 | ||
| Q1 25 | $-0.03 | $0.74 | ||
| Q4 24 | $-0.07 | $0.70 | ||
| Q3 24 | $-0.22 | $0.69 | ||
| Q2 24 | $0.39 | $0.66 | ||
| Q1 24 | $0.36 | $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 | $670.0M | $83.5M |
| 总债务越低越好 | $4.1B | — |
| 股东权益账面价值 | $250.0M | $910.9M |
| 总资产 | $7.4B | $1.7B |
| 负债/权益比越低杠杆越低 | 16.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CCSCSC
| Q4 25 | $670.0M | $83.5M | ||
| Q3 25 | $613.0M | $124.9M | ||
| Q2 25 | $502.0M | $126.2M | ||
| Q1 25 | $464.0M | $146.3M | ||
| Q4 24 | $713.0M | $110.5M | ||
| Q3 24 | $596.0M | $145.0M | ||
| Q2 24 | $604.0M | $185.5M | ||
| Q1 24 | $746.0M | $159.1M |
总债务CCSCSC
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.0B | — |
股东权益CCSCSC
| Q4 25 | $250.0M | $910.9M | ||
| Q3 25 | $274.0M | $914.0M | ||
| Q2 25 | $228.0M | $906.4M | ||
| Q1 25 | $566.0M | $901.7M | ||
| Q4 24 | $571.0M | $900.7M | ||
| Q3 24 | $643.0M | $920.9M | ||
| Q2 24 | $714.0M | $924.3M | ||
| Q1 24 | $753.0M | $944.1M |
总资产CCSCSC
| Q4 25 | $7.4B | $1.7B | ||
| Q3 25 | $7.5B | $1.7B | ||
| Q2 25 | $7.5B | $1.8B | ||
| Q1 25 | $7.4B | $1.7B | ||
| Q4 24 | $7.5B | $1.7B | ||
| Q3 24 | $7.5B | $1.8B | ||
| Q2 24 | $7.2B | $1.8B | ||
| Q1 24 | $8.0B | $1.8B |
负债/权益比CCSCSC
| Q4 25 | 16.40× | — | ||
| Q3 25 | 14.96× | — | ||
| Q2 25 | 17.99× | — | ||
| Q1 25 | 7.18× | — | ||
| Q4 24 | 7.11× | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 5.53× | — | ||
| Q1 24 | 5.27× | — |
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 | $137.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 6.9% | 3.8% |
| 资本支出强度资本支出/营收 | 3.4% | 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 | $51.0M | — |
8季度趋势，按日历期对齐
经营现金流CCSCSC
| Q4 25 | $137.0M | $30.8M | ||
| Q3 25 | $146.0M | $23.2M | ||
| Q2 25 | $93.0M | — | ||
| Q1 25 | $-112.0M | $66.1M | ||
| Q4 24 | $138.0M | $-6.2M | ||
| Q3 24 | $139.0M | $44.8M | ||
| Q2 24 | $-620.0M | — | ||
| Q1 24 | $-290.0M | $160.2M |
自由现金流CCSCSC
| Q4 25 | $92.0M | $28.9M | ||
| Q3 25 | $105.0M | $20.8M | ||
| Q2 25 | $50.0M | — | ||
| Q1 25 | $-196.0M | $64.6M | ||
| Q4 24 | $29.0M | $-8.2M | ||
| Q3 24 | $63.0M | $42.5M | ||
| Q2 24 | $-693.0M | — | ||
| Q1 24 | $-392.0M | $157.7M |
自由现金流率CCSCSC
| Q4 25 | 6.9% | 3.8% | ||
| Q3 25 | 7.0% | 2.8% | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | -14.3% | 9.2% | ||
| Q4 24 | 2.1% | -1.1% | ||
| Q3 24 | 4.2% | 5.5% | ||
| Q2 24 | -44.6% | — | ||
| Q1 24 | -28.8% | 21.0% |
资本支出强度CCSCSC
| Q4 25 | 3.4% | 0.3% | ||
| Q3 25 | 2.7% | 0.3% | ||
| Q2 25 | 2.7% | 0.3% | ||
| Q1 25 | 6.1% | 0.2% | ||
| Q4 24 | 8.0% | 0.3% | ||
| Q3 24 | 5.0% | 0.3% | ||
| Q2 24 | 4.7% | 0.2% | ||
| Q1 24 | 7.5% | 0.3% |
现金转化率CCSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 3.17× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | -10.33× | — | ||
| Q1 24 | -5.37× | 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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
