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CLEAN HARBORS INC（CLH）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
CLEAN HARBORS INC的季度营收约是SCANSOURCE, INC.的2.0倍（$1.5B vs $766.5M），CLEAN HARBORS INC净利率更高（5.8% vs 2.2%，领先3.6%），CLEAN HARBORS INC同比增速更快（4.8% vs 2.5%），CLEAN HARBORS INC自由现金流更多（$233.3M vs $28.9M），过去两年CLEAN HARBORS INC的营收复合增速更高（4.4% vs 0.9%）
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
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。
CLH vs SCSC — 直观对比
营收规模更大
CLH
是对方的2.0倍
$766.5M
营收增速更快
CLH
高出2.2%
2.5%
净利率更高
CLH
高出3.6%
2.2%
自由现金流更多
CLH
多$204.5M
$28.9M
两年增速更快
CLH
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $766.5M |
| 净利润 | $86.6M | $16.5M |
| 毛利率 | 30.6% | 13.4% |
| 营业利润率 | 10.6% | 2.3% |
| 净利率 | 5.8% | 2.2% |
| 营收同比 | 4.8% | 2.5% |
| 净利润同比 | 3.1% | -3.3% |
| 每股收益（稀释后） | $1.62 | $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CLHSCSC
| Q4 25 | $1.5B | $766.5M | ||
| Q3 25 | $1.5B | $739.6M | ||
| Q2 25 | $1.5B | $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CLHSCSC
| Q4 25 | $86.6M | $16.5M | ||
| Q3 25 | $118.8M | $19.9M | ||
| Q2 25 | $126.9M | $20.1M | ||
| Q1 25 | $58.7M | $17.4M | ||
| Q4 24 | $84.0M | $17.1M | ||
| Q3 24 | $115.2M | $17.0M | ||
| Q2 24 | $133.3M | $16.1M | ||
| Q1 24 | $69.8M | $12.8M |
毛利率CLHSCSC
| Q4 25 | 30.6% | 13.4% | ||
| Q3 25 | 32.3% | 14.5% | ||
| Q2 25 | 33.3% | 12.9% | ||
| Q1 25 | 28.6% | 14.2% | ||
| Q4 24 | 29.9% | 13.6% | ||
| Q3 24 | 31.0% | 13.1% | ||
| Q2 24 | 33.3% | 13.0% | ||
| Q1 24 | 29.5% | 12.6% |
营业利润率CLHSCSC
| Q4 25 | 10.6% | 2.3% | ||
| Q3 25 | 12.5% | 3.5% | ||
| Q2 25 | 13.6% | 3.3% | ||
| Q1 25 | 7.8% | 3.2% | ||
| Q4 24 | 9.6% | 2.5% | ||
| Q3 24 | 12.6% | 2.3% | ||
| Q2 24 | 13.9% | 2.9% | ||
| Q1 24 | 9.1% | 2.3% |
净利率CLHSCSC
| Q4 25 | 5.8% | 2.2% | ||
| Q3 25 | 7.7% | 2.7% | ||
| Q2 25 | 8.2% | 2.5% | ||
| Q1 25 | 4.1% | 2.5% | ||
| Q4 24 | 5.9% | 2.3% | ||
| Q3 24 | 7.5% | 2.2% | ||
| Q2 24 | 8.6% | 2.2% | ||
| Q1 24 | 5.1% | 1.7% |
每股收益（稀释后）CLHSCSC
| Q4 25 | $1.62 | $0.75 | ||
| Q3 25 | $2.21 | $0.89 | ||
| Q2 25 | $2.36 | $0.87 | ||
| Q1 25 | $1.09 | $0.74 | ||
| Q4 24 | $1.55 | $0.70 | ||
| Q3 24 | $2.12 | $0.69 | ||
| Q2 24 | $2.46 | $0.66 | ||
| Q1 24 | $1.29 | $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 | $127.4M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $910.9M |
| 总资产 | $7.6B | $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CLHSCSC
| Q4 25 | $127.4M | $83.5M | ||
| Q3 25 | $91.2M | $124.9M | ||
| Q2 25 | $98.9M | $126.2M | ||
| Q1 25 | $105.9M | $146.3M | ||
| Q4 24 | $102.6M | $110.5M | ||
| Q3 24 | $82.4M | $145.0M | ||
| Q2 24 | $91.3M | $185.5M | ||
| Q1 24 | $104.8M | $159.1M |
股东权益CLHSCSC
| Q4 25 | $2.7B | $910.9M | ||
| Q3 25 | $2.8B | $914.0M | ||
| Q2 25 | $2.7B | $906.4M | ||
| Q1 25 | $2.6B | $901.7M | ||
| Q4 24 | $2.6B | $900.7M | ||
| Q3 24 | $2.5B | $920.9M | ||
| Q2 24 | $2.4B | $924.3M | ||
| Q1 24 | $2.3B | $944.1M |
总资产CLHSCSC
| Q4 25 | $7.6B | $1.7B | ||
| Q3 25 | $7.5B | $1.7B | ||
| Q2 25 | $7.4B | $1.8B | ||
| Q1 25 | $7.2B | $1.7B | ||
| Q4 24 | $7.4B | $1.7B | ||
| Q3 24 | $7.3B | $1.8B | ||
| Q2 24 | $7.1B | $1.8B | ||
| Q1 24 | $6.9B | $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 | $355.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $233.3M | $28.9M |
| 自由现金流率自由现金流/营收 | 15.6% | 3.8% |
| 资本支出强度资本支出/营收 | 8.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 4.10× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $441.8M | — |
8季度趋势，按日历期对齐
经营现金流CLHSCSC
| Q4 25 | $355.1M | $30.8M | ||
| Q3 25 | $302.0M | $23.2M | ||
| Q2 25 | $208.0M | — | ||
| Q1 25 | $1.6M | $66.1M | ||
| Q4 24 | $303.9M | $-6.2M | ||
| Q3 24 | $239.2M | $44.8M | ||
| Q2 24 | $216.0M | — | ||
| Q1 24 | $18.5M | $160.2M |
自由现金流CLHSCSC
| Q4 25 | $233.3M | $28.9M | ||
| Q3 25 | $207.5M | $20.8M | ||
| Q2 25 | $118.0M | — | ||
| Q1 25 | $-117.1M | $64.6M | ||
| Q4 24 | $241.5M | $-8.2M | ||
| Q3 24 | $142.4M | $42.5M | ||
| Q2 24 | $80.9M | — | ||
| Q1 24 | $-119.4M | $157.7M |
自由现金流率CLHSCSC
| Q4 25 | 15.6% | 3.8% | ||
| Q3 25 | 13.4% | 2.8% | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.2% | 9.2% | ||
| Q4 24 | 16.9% | -1.1% | ||
| Q3 24 | 9.3% | 5.5% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -8.7% | 21.0% |
资本支出强度CLHSCSC
| Q4 25 | 8.1% | 0.3% | ||
| Q3 25 | 6.1% | 0.3% | ||
| Q2 25 | 5.8% | 0.3% | ||
| Q1 25 | 8.3% | 0.2% | ||
| Q4 24 | 4.4% | 0.3% | ||
| Q3 24 | 6.3% | 0.3% | ||
| Q2 24 | 8.7% | 0.2% | ||
| Q1 24 | 10.0% | 0.3% |
现金转化率CLHSCSC
| Q4 25 | 4.10× | 1.87× | ||
| Q3 25 | 2.54× | 1.17× | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 0.03× | 3.79× | ||
| Q4 24 | 3.62× | -0.36× | ||
| Q3 24 | 2.08× | 2.64× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.27× | 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
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
