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德纳（DAN）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
德纳的季度营收约是SCANSOURCE, INC.的1.7倍（$1.3B vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -3.9%，领先6.0%），SCANSOURCE, INC.同比增速更快（2.5% vs -44.5%），德纳自由现金流更多（$345.0M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -31.2%）
德纳（Dana Inc.）是美国知名汽车零部件供应商，创立于1904年，总部位于俄亥俄州莫米。公司为传统燃油车、混合动力车及电动车提供车桥、传动轴，以及电驱动、热管理、密封、数字设备等产品，服务于轻型车、商用车市场，业务遍及33个国家，员工近2.8万人，2022年销售额达102亿美元，位列财富世界500强。
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。
DAN vs SCSC — 直观对比
营收规模更大
DAN
是对方的1.7倍
$766.5M
营收增速更快
SCSC
高出47.0%
-44.5%
净利率更高
SCSC
高出6.0%
-3.9%
自由现金流更多
DAN
多$316.1M
$28.9M
两年增速更快
SCSC
近两年复合增速
-31.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $766.5M |
| 净利润 | $-50.0M | $16.5M |
| 毛利率 | 6.0% | 13.4% |
| 营业利润率 | -0.2% | 2.3% |
| 净利率 | -3.9% | 2.2% |
| 营收同比 | -44.5% | 2.5% |
| 净利润同比 | 37.5% | -3.3% |
| 每股收益（稀释后） | $-0.36 | $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DANSCSC
| Q4 25 | $1.3B | $766.5M | ||
| Q3 25 | $1.9B | $739.6M | ||
| Q2 25 | $1.9B | $812.9M | ||
| Q1 25 | $2.4B | $704.8M | ||
| Q4 24 | $2.3B | $747.5M | ||
| Q3 24 | $2.5B | $775.6M | ||
| Q2 24 | $2.7B | $746.1M | ||
| Q1 24 | $2.7B | $752.6M |
净利润DANSCSC
| Q4 25 | $-50.0M | $16.5M | ||
| Q3 25 | $83.0M | $19.9M | ||
| Q2 25 | $27.0M | $20.1M | ||
| Q1 25 | $25.0M | $17.4M | ||
| Q4 24 | $-80.0M | $17.1M | ||
| Q3 24 | $4.0M | $17.0M | ||
| Q2 24 | $16.0M | $16.1M | ||
| Q1 24 | $3.0M | $12.8M |
毛利率DANSCSC
| Q4 25 | 6.0% | 13.4% | ||
| Q3 25 | 8.7% | 14.5% | ||
| Q2 25 | 7.1% | 12.9% | ||
| Q1 25 | 9.4% | 14.2% | ||
| Q4 24 | 5.7% | 13.6% | ||
| Q3 24 | 9.9% | 13.1% | ||
| Q2 24 | 9.3% | 13.0% | ||
| Q1 24 | 8.9% | 12.6% |
营业利润率DANSCSC
| Q4 25 | -0.2% | 2.3% | ||
| Q3 25 | 2.8% | 3.5% | ||
| Q2 25 | 0.8% | 3.3% | ||
| Q1 25 | 3.1% | 3.2% | ||
| Q4 24 | -1.5% | 2.5% | ||
| Q3 24 | 3.6% | 2.3% | ||
| Q2 24 | 3.8% | 2.9% | ||
| Q1 24 | 2.6% | 2.3% |
净利率DANSCSC
| Q4 25 | -3.9% | 2.2% | ||
| Q3 25 | 4.3% | 2.7% | ||
| Q2 25 | 1.4% | 2.5% | ||
| Q1 25 | 1.1% | 2.5% | ||
| Q4 24 | -3.4% | 2.3% | ||
| Q3 24 | 0.2% | 2.2% | ||
| Q2 24 | 0.6% | 2.2% | ||
| Q1 24 | 0.1% | 1.7% |
每股收益（稀释后）DANSCSC
| Q4 25 | $-0.36 | $0.75 | ||
| Q3 25 | $0.64 | $0.89 | ||
| Q2 25 | $0.19 | $0.87 | ||
| Q1 25 | $0.17 | $0.74 | ||
| Q4 24 | $-0.55 | $0.70 | ||
| Q3 24 | $0.03 | $0.69 | ||
| Q2 24 | $0.11 | $0.66 | ||
| Q1 24 | $0.02 | $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 | $469.0M | $83.5M |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $840.0M | $910.9M |
| 总资产 | $7.8B | $1.7B |
| 负债/权益比越低杠杆越低 | 3.05× | — |
8季度趋势，按日历期对齐
现金及短期投资DANSCSC
| Q4 25 | $469.0M | $83.5M | ||
| Q3 25 | $414.0M | $124.9M | ||
| Q2 25 | $486.0M | $126.2M | ||
| Q1 25 | $507.0M | $146.3M | ||
| Q4 24 | $494.0M | $110.5M | ||
| Q3 24 | $419.0M | $145.0M | ||
| Q2 24 | $419.0M | $185.5M | ||
| Q1 24 | $351.0M | $159.1M |
总债务DANSCSC
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
股东权益DANSCSC
| Q4 25 | $840.0M | $910.9M | ||
| Q3 25 | $1.1B | $914.0M | ||
| Q2 25 | $1.2B | $906.4M | ||
| Q1 25 | $1.4B | $901.7M | ||
| Q4 24 | $1.3B | $900.7M | ||
| Q3 24 | $1.5B | $920.9M | ||
| Q2 24 | $1.5B | $924.3M | ||
| Q1 24 | $1.5B | $944.1M |
总资产DANSCSC
| Q4 25 | $7.8B | $1.7B | ||
| Q3 25 | $8.1B | $1.7B | ||
| Q2 25 | $8.1B | $1.8B | ||
| Q1 25 | $7.8B | $1.7B | ||
| Q4 24 | $7.5B | $1.7B | ||
| Q3 24 | $7.9B | $1.8B | ||
| Q2 24 | $7.8B | $1.8B | ||
| Q1 24 | $7.9B | $1.8B |
负债/权益比DANSCSC
| Q4 25 | 3.05× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.68× | — |
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 | $406.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $345.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 26.6% | 3.8% |
| 资本支出强度资本支出/营收 | 4.7% | 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 | $298.0M | — |
8季度趋势，按日历期对齐
经营现金流DANSCSC
| Q4 25 | $406.0M | $30.8M | ||
| Q3 25 | $111.0M | $23.2M | ||
| Q2 25 | $32.0M | — | ||
| Q1 25 | $-37.0M | $66.1M | ||
| Q4 24 | $302.0M | $-6.2M | ||
| Q3 24 | $35.0M | $44.8M | ||
| Q2 24 | $215.0M | — | ||
| Q1 24 | $-102.0M | $160.2M |
自由现金流DANSCSC
| Q4 25 | $345.0M | $28.9M | ||
| Q3 25 | $62.0M | $20.8M | ||
| Q2 25 | $3.0M | — | ||
| Q1 25 | $-112.0M | $64.6M | ||
| Q4 24 | $149.0M | $-8.2M | ||
| Q3 24 | $-11.0M | $42.5M | ||
| Q2 24 | $104.0M | — | ||
| Q1 24 | $-172.0M | $157.7M |
自由现金流率DANSCSC
| Q4 25 | 26.6% | 3.8% | ||
| Q3 25 | 3.2% | 2.8% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -4.8% | 9.2% | ||
| Q4 24 | 6.4% | -1.1% | ||
| Q3 24 | -0.4% | 5.5% | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | -6.3% | 21.0% |
资本支出强度DANSCSC
| Q4 25 | 4.7% | 0.3% | ||
| Q3 25 | 2.6% | 0.3% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 3.2% | 0.2% | ||
| Q4 24 | 6.6% | 0.3% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 4.1% | 0.2% | ||
| Q1 24 | 2.6% | 0.3% |
现金转化率DANSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 1.34× | 1.17× | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | -1.48× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 8.75× | 2.64× | ||
| Q2 24 | 13.44× | — | ||
| Q1 24 | -34.00× | 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
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
