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CULLEN/FROST BANKERS, INC.（CFR）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CULLEN/FROST BANKERS, INC.的1.3倍（$766.5M vs $580.9M），CULLEN/FROST BANKERS, INC.净利率更高（28.6% vs 2.2%，领先26.5%），CULLEN/FROST BANKERS, INC.同比增速更快（8.3% vs 2.5%），CULLEN/FROST BANKERS, INC.自由现金流更多（$127.3M vs $28.9M），过去两年CULLEN/FROST BANKERS, INC.的营收复合增速更高（7.6% vs 0.9%）
Frost Bank是总部位于美国圣安东尼奥的德克萨斯州特许银行，为银行控股公司卡伦/弗罗斯特银行家集团的核心子公司。其在得克萨斯州共设有200家营业网点、1750台自动柜员机，按总资产规模统计位列全美前60大银行之列。
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。
CFR vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.3倍
$580.9M
营收增速更快
CFR
高出5.8%
2.5%
净利率更高
CFR
高出26.5%
2.2%
自由现金流更多
CFR
多$98.5M
$28.9M
两年增速更快
CFR
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $580.9M | $766.5M |
| 净利润 | $166.3M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 34.1% | 2.3% |
| 净利率 | 28.6% | 2.2% |
| 营收同比 | 8.3% | 2.5% |
| 净利润同比 | 7.4% | -3.3% |
| 每股收益（稀释后） | $2.56 | $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CFRSCSC
| Q4 25 | $580.9M | $766.5M | ||
| Q3 25 | $567.3M | $739.6M | ||
| Q2 25 | $546.9M | $812.9M | ||
| Q1 25 | $540.2M | $704.8M | ||
| Q4 24 | $536.3M | $747.5M | ||
| Q3 24 | $518.0M | $775.6M | ||
| Q2 24 | $507.9M | $746.1M | ||
| Q1 24 | $501.4M | $752.6M |
净利润CFRSCSC
| Q4 25 | $166.3M | $16.5M | ||
| Q3 25 | $174.4M | $19.9M | ||
| Q2 25 | $157.0M | $20.1M | ||
| Q1 25 | $150.9M | $17.4M | ||
| Q4 24 | $154.9M | $17.1M | ||
| Q3 24 | $146.5M | $17.0M | ||
| Q2 24 | $145.5M | $16.1M | ||
| Q1 24 | $135.7M | $12.8M |
毛利率CFRSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率CFRSCSC
| Q4 25 | 34.1% | 2.3% | ||
| Q3 25 | 36.7% | 3.5% | ||
| Q2 25 | 34.1% | 3.3% | ||
| Q1 25 | 33.2% | 3.2% | ||
| Q4 24 | 34.3% | 2.5% | ||
| Q3 24 | 33.8% | 2.3% | ||
| Q2 24 | 34.5% | 2.9% | ||
| Q1 24 | 32.2% | 2.3% |
净利率CFRSCSC
| Q4 25 | 28.6% | 2.2% | ||
| Q3 25 | 30.7% | 2.7% | ||
| Q2 25 | 28.7% | 2.5% | ||
| Q1 25 | 27.9% | 2.5% | ||
| Q4 24 | 28.9% | 2.3% | ||
| Q3 24 | 28.3% | 2.2% | ||
| Q2 24 | 28.6% | 2.2% | ||
| Q1 24 | 27.1% | 1.7% |
每股收益（稀释后）CFRSCSC
| Q4 25 | $2.56 | $0.75 | ||
| Q3 25 | $2.67 | $0.89 | ||
| Q2 25 | $2.39 | $0.87 | ||
| Q1 25 | $2.30 | $0.74 | ||
| Q4 24 | $2.36 | $0.70 | ||
| Q3 24 | $2.24 | $0.69 | ||
| Q2 24 | $2.21 | $0.66 | ||
| Q1 24 | $2.06 | $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 | — | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.6B | $910.9M |
| 总资产 | $53.0B | $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CFRSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | — | $124.9M | ||
| Q2 25 | — | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | — | $185.5M | ||
| Q1 24 | — | $159.1M |
股东权益CFRSCSC
| Q4 25 | $4.6B | $910.9M | ||
| Q3 25 | $4.5B | $914.0M | ||
| Q2 25 | $4.2B | $906.4M | ||
| Q1 25 | $4.1B | $901.7M | ||
| Q4 24 | $3.9B | $900.7M | ||
| Q3 24 | $4.1B | $920.9M | ||
| Q2 24 | $3.7B | $924.3M | ||
| Q1 24 | $3.6B | $944.1M |
总资产CFRSCSC
| Q4 25 | $53.0B | $1.7B | ||
| Q3 25 | $52.5B | $1.7B | ||
| Q2 25 | $51.4B | $1.8B | ||
| Q1 25 | $52.0B | $1.7B | ||
| Q4 24 | $52.5B | $1.7B | ||
| Q3 24 | $51.0B | $1.8B | ||
| Q2 24 | $48.8B | $1.8B | ||
| Q1 24 | $49.5B | $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 | $274.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $127.3M | $28.9M |
| 自由现金流率自由现金流/营收 | 21.9% | 3.8% |
| 资本支出强度资本支出/营收 | 25.2% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $116.4M | — |
8季度趋势，按日历期对齐
经营现金流CFRSCSC
| Q4 25 | $274.0M | $30.8M | ||
| Q3 25 | $248.6M | $23.2M | ||
| Q2 25 | $140.8M | — | ||
| Q1 25 | $-296.1M | $66.1M | ||
| Q4 24 | $989.5M | $-6.2M | ||
| Q3 24 | $307.2M | $44.8M | ||
| Q2 24 | $129.6M | — | ||
| Q1 24 | $488.4M | $160.2M |
自由现金流CFRSCSC
| Q4 25 | $127.3M | $28.9M | ||
| Q3 25 | $211.7M | $20.8M | ||
| Q2 25 | $114.5M | — | ||
| Q1 25 | $-337.1M | $64.6M | ||
| Q4 24 | $861.8M | $-8.2M | ||
| Q3 24 | $281.9M | $42.5M | ||
| Q2 24 | $103.0M | — | ||
| Q1 24 | $450.3M | $157.7M |
自由现金流率CFRSCSC
| Q4 25 | 21.9% | 3.8% | ||
| Q3 25 | 37.3% | 2.8% | ||
| Q2 25 | 20.9% | — | ||
| Q1 25 | -62.4% | 9.2% | ||
| Q4 24 | 160.7% | -1.1% | ||
| Q3 24 | 54.4% | 5.5% | ||
| Q2 24 | 20.3% | — | ||
| Q1 24 | 89.8% | 21.0% |
资本支出强度CFRSCSC
| Q4 25 | 25.2% | 0.3% | ||
| Q3 25 | 6.5% | 0.3% | ||
| Q2 25 | 4.8% | 0.3% | ||
| Q1 25 | 7.6% | 0.2% | ||
| Q4 24 | 23.8% | 0.3% | ||
| Q3 24 | 4.9% | 0.3% | ||
| Q2 24 | 5.2% | 0.2% | ||
| Q1 24 | 7.6% | 0.3% |
现金转化率CFRSCSC
| Q4 25 | 1.65× | 1.87× | ||
| Q3 25 | 1.43× | 1.17× | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | -1.96× | 3.79× | ||
| Q4 24 | 6.39× | -0.36× | ||
| Q3 24 | 2.10× | 2.64× | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 3.60× | 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
CFR
暂无分部数据
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
