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Designer Brands Inc.（DBI）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Designer Brands Inc.的1.0倍（$766.5M vs $752.4M），Designer Brands Inc.净利率更高（2.4% vs 2.2%，领先0.3%），SCANSOURCE, INC.同比增速更快（2.5% vs -3.2%），Designer Brands Inc.自由现金流更多（$57.5M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -0.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
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。
DBI vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.0倍
$752.4M
营收增速更快
SCSC
高出5.7%
-3.2%
净利率更高
DBI
高出0.3%
2.2%
自由现金流更多
DBI
多$28.6M
$28.9M
两年增速更快
SCSC
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $766.5M |
| 净利润 | $18.2M | $16.5M |
| 毛利率 | 45.1% | 13.4% |
| 营业利润率 | 5.7% | 2.3% |
| 净利率 | 2.4% | 2.2% |
| 营收同比 | -3.2% | 2.5% |
| 净利润同比 | 40.0% | -3.3% |
| 每股收益（稀释后） | $0.35 | $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DBISCSC
| Q4 25 | $752.4M | $766.5M | ||
| Q3 25 | $739.8M | $739.6M | ||
| Q2 25 | $686.9M | $812.9M | ||
| Q1 25 | $713.6M | $704.8M | ||
| Q4 24 | $777.2M | $747.5M | ||
| Q3 24 | $771.9M | $775.6M | ||
| Q2 24 | $746.6M | $746.1M | ||
| Q1 24 | $754.3M | $752.6M |
净利润DBISCSC
| Q4 25 | $18.2M | $16.5M | ||
| Q3 25 | $10.8M | $19.9M | ||
| Q2 25 | $-17.4M | $20.1M | ||
| Q1 25 | $-38.2M | $17.4M | ||
| Q4 24 | $13.0M | $17.1M | ||
| Q3 24 | $13.8M | $17.0M | ||
| Q2 24 | $783.0K | $16.1M | ||
| Q1 24 | $-29.6M | $12.8M |
毛利率DBISCSC
| Q4 25 | 45.1% | 13.4% | ||
| Q3 25 | 43.7% | 14.5% | ||
| Q2 25 | 43.0% | 12.9% | ||
| Q1 25 | 75.7% | 14.2% | ||
| Q4 24 | 43.0% | 13.6% | ||
| Q3 24 | 44.0% | 13.1% | ||
| Q2 24 | 44.2% | 13.0% | ||
| Q1 24 | 38.8% | 12.6% |
营业利润率DBISCSC
| Q4 25 | 5.7% | 2.3% | ||
| Q3 25 | 3.6% | 3.5% | ||
| Q2 25 | -1.1% | 3.3% | ||
| Q1 25 | -3.6% | 3.2% | ||
| Q4 24 | 2.9% | 2.5% | ||
| Q3 24 | 3.7% | 2.3% | ||
| Q2 24 | 1.3% | 2.9% | ||
| Q1 24 | -4.8% | 2.3% |
净利率DBISCSC
| Q4 25 | 2.4% | 2.2% | ||
| Q3 25 | 1.5% | 2.7% | ||
| Q2 25 | -2.5% | 2.5% | ||
| Q1 25 | -5.3% | 2.5% | ||
| Q4 24 | 1.7% | 2.3% | ||
| Q3 24 | 1.8% | 2.2% | ||
| Q2 24 | 0.1% | 2.2% | ||
| Q1 24 | -3.9% | 1.7% |
每股收益（稀释后）DBISCSC
| Q4 25 | $0.35 | $0.75 | ||
| Q3 25 | $0.22 | $0.89 | ||
| Q2 25 | $-0.36 | $0.87 | ||
| Q1 25 | $-0.69 | $0.74 | ||
| Q4 24 | $0.24 | $0.70 | ||
| Q3 24 | $0.24 | $0.69 | ||
| Q2 24 | $0.01 | $0.66 | ||
| Q1 24 | $-899.54 | $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 | $51.4M | $83.5M |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $910.9M |
| 总资产 | $2.1B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBISCSC
| Q4 25 | $51.4M | $83.5M | ||
| Q3 25 | $44.9M | $124.9M | ||
| Q2 25 | $46.0M | $126.2M | ||
| Q1 25 | $44.8M | $146.3M | ||
| Q4 24 | $36.2M | $110.5M | ||
| Q3 24 | $38.8M | $145.0M | ||
| Q2 24 | $43.4M | $185.5M | ||
| Q1 24 | $49.2M | $159.1M |
总债务DBISCSC
| Q4 25 | $463.1M | — | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | — | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — | ||
| Q1 24 | $420.3M | — |
股东权益DBISCSC
| Q4 25 | $298.6M | $910.9M | ||
| Q3 25 | $280.8M | $914.0M | ||
| Q2 25 | $266.9M | $906.4M | ||
| Q1 25 | $278.5M | $901.7M | ||
| Q4 24 | $318.5M | $900.7M | ||
| Q3 24 | $355.5M | $920.9M | ||
| Q2 24 | $358.5M | $924.3M | ||
| Q1 24 | $359.2M | $944.1M |
总资产DBISCSC
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.2B | $1.8B | ||
| Q1 24 | $2.1B | $1.8B |
负债/权益比DBISCSC
| Q4 25 | 1.55× | — | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | — |
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 | $66.5M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $28.9M |
| 自由现金流率自由现金流/营收 | 7.6% | 3.8% |
| 资本支出强度资本支出/营收 | 1.2% | 0.3% |
| 现金转化率经营现金流/净利润 | 3.65× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $99.9M | — |
8季度趋势，按日历期对齐
经营现金流DBISCSC
| Q4 25 | $66.5M | $30.8M | ||
| Q3 25 | $21.4M | $23.2M | ||
| Q2 25 | $-20.4M | — | ||
| Q1 25 | $70.1M | $66.1M | ||
| Q4 24 | $-9.8M | $-6.2M | ||
| Q3 24 | $41.6M | $44.8M | ||
| Q2 24 | $-19.7M | — | ||
| Q1 24 | $-40.1M | $160.2M |
自由现金流DBISCSC
| Q4 25 | $57.5M | $28.9M | ||
| Q3 25 | $11.9M | $20.8M | ||
| Q2 25 | $-27.6M | — | ||
| Q1 25 | $58.1M | $64.6M | ||
| Q4 24 | $-19.2M | $-8.2M | ||
| Q3 24 | $28.0M | $42.5M | ||
| Q2 24 | $-35.6M | — | ||
| Q1 24 | $-52.8M | $157.7M |
自由现金流率DBISCSC
| Q4 25 | 7.6% | 3.8% | ||
| Q3 25 | 1.6% | 2.8% | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | 8.1% | 9.2% | ||
| Q4 24 | -2.5% | -1.1% | ||
| Q3 24 | 3.6% | 5.5% | ||
| Q2 24 | -4.8% | — | ||
| Q1 24 | -7.0% | 21.0% |
资本支出强度DBISCSC
| Q4 25 | 1.2% | 0.3% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 1.2% | 0.3% | ||
| Q3 24 | 1.8% | 0.3% | ||
| Q2 24 | 2.1% | 0.2% | ||
| Q1 24 | 1.7% | 0.3% |
现金转化率DBISCSC
| Q4 25 | 3.65× | 1.87× | ||
| Q3 25 | 1.98× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | -0.75× | -0.36× | ||
| Q3 24 | 3.01× | 2.64× | ||
| Q2 24 | -25.13× | — | ||
| Q1 24 | — | 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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
