vs
AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.2倍（$766.5M vs $643.1M），SCANSOURCE, INC.净利率更高（2.2% vs -13.7%，领先15.9%），SCANSOURCE, INC.同比增速更快（2.5% vs -0.7%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-12.2M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -0.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.2倍
$643.1M
营收增速更快
SCSC
高出3.2%
-0.7%
净利率更高
SCSC
高出15.9%
-13.7%
自由现金流更多
SCSC
多$41.0M
$-12.2M
两年增速更快
SCSC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $766.5M |
| 净利润 | $-88.3M | $16.5M |
| 毛利率 | 31.3% | 13.4% |
| 营业利润率 | -10.8% | 2.3% |
| 净利率 | -13.7% | 2.2% |
| 营收同比 | -0.7% | 2.5% |
| 净利润同比 | -143.9% | -3.3% |
| 每股收益（稀释后） | $-0.31 | $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COLDSCSC
| Q4 25 | $643.1M | $766.5M | ||
| Q3 25 | $649.0M | $739.6M | ||
| Q2 25 | $635.1M | $812.9M | ||
| Q1 25 | $613.7M | $704.8M | ||
| Q4 24 | $647.4M | $747.5M | ||
| Q3 24 | $660.4M | $775.6M | ||
| Q2 24 | $645.6M | $746.1M | ||
| Q1 24 | $651.4M | $752.6M |
净利润COLDSCSC
| Q4 25 | $-88.3M | $16.5M | ||
| Q3 25 | $-11.4M | $19.9M | ||
| Q2 25 | $1.5M | $20.1M | ||
| Q1 25 | $-16.4M | $17.4M | ||
| Q4 24 | $-36.2M | $17.1M | ||
| Q3 24 | $-3.7M | $17.0M | ||
| Q2 24 | $-64.1M | $16.1M | ||
| Q1 24 | $9.7M | $12.8M |
毛利率COLDSCSC
| Q4 25 | 31.3% | 13.4% | ||
| Q3 25 | 29.3% | 14.5% | ||
| Q2 25 | 30.9% | 12.9% | ||
| Q1 25 | 31.1% | 14.2% | ||
| Q4 24 | 29.7% | 13.6% | ||
| Q3 24 | 29.6% | 13.1% | ||
| Q2 24 | 31.0% | 13.0% | ||
| Q1 24 | 30.3% | 12.6% |
营业利润率COLDSCSC
| Q4 25 | -10.8% | 2.3% | ||
| Q3 25 | 2.6% | 3.5% | ||
| Q2 25 | 5.9% | 3.3% | ||
| Q1 25 | 3.6% | 3.2% | ||
| Q4 24 | -1.8% | 2.5% | ||
| Q3 24 | 4.6% | 2.3% | ||
| Q2 24 | 9.8% | 2.9% | ||
| Q1 24 | 6.4% | 2.3% |
净利率COLDSCSC
| Q4 25 | -13.7% | 2.2% | ||
| Q3 25 | -1.8% | 2.7% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | -2.7% | 2.5% | ||
| Q4 24 | -5.6% | 2.3% | ||
| Q3 24 | -0.6% | 2.2% | ||
| Q2 24 | -9.9% | 2.2% | ||
| Q1 24 | 1.5% | 1.7% |
每股收益（稀释后）COLDSCSC
| Q4 25 | $-0.31 | $0.75 | ||
| Q3 25 | $-0.04 | $0.89 | ||
| Q2 25 | $0.01 | $0.87 | ||
| Q1 25 | $-0.06 | $0.74 | ||
| Q4 24 | $-0.12 | $0.70 | ||
| Q3 24 | $-0.01 | $0.69 | ||
| Q2 24 | $-0.23 | $0.66 | ||
| Q1 24 | $0.03 | $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 | $136.9M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $910.9M |
| 总资产 | $8.1B | $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COLDSCSC
| Q4 25 | $136.9M | $83.5M | ||
| Q3 25 | $33.3M | $124.9M | ||
| Q2 25 | $101.4M | $126.2M | ||
| Q1 25 | $38.9M | $146.3M | ||
| Q4 24 | $47.7M | $110.5M | ||
| Q3 24 | $61.3M | $145.0M | ||
| Q2 24 | $44.2M | $185.5M | ||
| Q1 24 | $59.2M | $159.1M |
股东权益COLDSCSC
| Q4 25 | $2.9B | $910.9M | ||
| Q3 25 | $3.0B | $914.0M | ||
| Q2 25 | $3.1B | $906.4M | ||
| Q1 25 | $3.2B | $901.7M | ||
| Q4 24 | $3.3B | $900.7M | ||
| Q3 24 | $3.4B | $920.9M | ||
| Q2 24 | $3.4B | $924.3M | ||
| Q1 24 | $3.6B | $944.1M |
总资产COLDSCSC
| Q4 25 | $8.1B | $1.7B | ||
| Q3 25 | $8.1B | $1.7B | ||
| Q2 25 | $8.1B | $1.8B | ||
| Q1 25 | $7.8B | $1.7B | ||
| Q4 24 | $7.7B | $1.7B | ||
| Q3 24 | $7.9B | $1.8B | ||
| Q2 24 | $7.8B | $1.8B | ||
| Q1 24 | $7.8B | $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 | $130.2M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $28.9M |
| 自由现金流率自由现金流/营收 | -1.9% | 3.8% |
| 资本支出强度资本支出/营收 | 22.1% | 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 | $-217.2M | — |
8季度趋势，按日历期对齐
经营现金流COLDSCSC
| Q4 25 | $130.2M | $30.8M | ||
| Q3 25 | $78.9M | $23.2M | ||
| Q2 25 | $120.3M | — | ||
| Q1 25 | $30.2M | $66.1M | ||
| Q4 24 | $162.6M | $-6.2M | ||
| Q3 24 | $50.6M | $44.8M | ||
| Q2 24 | $136.7M | — | ||
| Q1 24 | $62.0M | $160.2M |
自由现金流COLDSCSC
| Q4 25 | $-12.2M | $28.9M | ||
| Q3 25 | $-65.4M | $20.8M | ||
| Q2 25 | $-57.4M | — | ||
| Q1 25 | $-82.3M | $64.6M | ||
| Q4 24 | $57.4M | $-8.2M | ||
| Q3 24 | $-44.5M | $42.5M | ||
| Q2 24 | $73.3M | — | ||
| Q1 24 | $16.2M | $157.7M |
自由现金流率COLDSCSC
| Q4 25 | -1.9% | 3.8% | ||
| Q3 25 | -10.1% | 2.8% | ||
| Q2 25 | -9.0% | — | ||
| Q1 25 | -13.4% | 9.2% | ||
| Q4 24 | 8.9% | -1.1% | ||
| Q3 24 | -6.7% | 5.5% | ||
| Q2 24 | 11.4% | — | ||
| Q1 24 | 2.5% | 21.0% |
资本支出强度COLDSCSC
| Q4 25 | 22.1% | 0.3% | ||
| Q3 25 | 22.2% | 0.3% | ||
| Q2 25 | 28.0% | 0.3% | ||
| Q1 25 | 18.3% | 0.2% | ||
| Q4 24 | 16.3% | 0.3% | ||
| Q3 24 | 14.4% | 0.3% | ||
| Q2 24 | 9.8% | 0.2% | ||
| Q1 24 | 7.0% | 0.3% |
现金转化率COLDSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 78.18× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.36× | 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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
