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Datadog（DDOG）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Datadog的季度营收约是SCANSOURCE, INC.的1.2倍（$953.2M vs $766.5M），Datadog净利率更高（4.9% vs 2.2%，领先2.7%），Datadog同比增速更快（29.2% vs 2.5%），Datadog自由现金流更多（$318.2M vs $28.9M），过去两年Datadog的营收复合增速更高（24.9% vs 0.9%）
Datadog是一家美国企业，为云级应用提供可观测性服务，旗下SaaS数据分析平台可实现对服务器、数据库、各类工具及服务的统一监控。公司成立并总部位于纽约，目前在纳斯达克证券交易所公开上市。
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。
DDOG vs SCSC — 直观对比
营收规模更大
DDOG
是对方的1.2倍
$766.5M
营收增速更快
DDOG
高出26.7%
2.5%
净利率更高
DDOG
高出2.7%
2.2%
自由现金流更多
DDOG
多$289.3M
$28.9M
两年增速更快
DDOG
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $953.2M | $766.5M |
| 净利润 | $46.6M | $16.5M |
| 毛利率 | 80.4% | 13.4% |
| 营业利润率 | 1.0% | 2.3% |
| 净利率 | 4.9% | 2.2% |
| 营收同比 | 29.2% | 2.5% |
| 净利润同比 | 2.1% | -3.3% |
| 每股收益（稀释后） | $0.13 | $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DDOGSCSC
| Q4 25 | $953.2M | $766.5M | ||
| Q3 25 | $885.7M | $739.6M | ||
| Q2 25 | $826.8M | $812.9M | ||
| Q1 25 | $761.6M | $704.8M | ||
| Q4 24 | $737.7M | $747.5M | ||
| Q3 24 | $690.0M | $775.6M | ||
| Q2 24 | $645.3M | $746.1M | ||
| Q1 24 | $611.3M | $752.6M |
净利润DDOGSCSC
| Q4 25 | $46.6M | $16.5M | ||
| Q3 25 | $33.9M | $19.9M | ||
| Q2 25 | $2.6M | $20.1M | ||
| Q1 25 | $24.6M | $17.4M | ||
| Q4 24 | $45.6M | $17.1M | ||
| Q3 24 | $51.7M | $17.0M | ||
| Q2 24 | $43.8M | $16.1M | ||
| Q1 24 | $42.6M | $12.8M |
毛利率DDOGSCSC
| Q4 25 | 80.4% | 13.4% | ||
| Q3 25 | 80.1% | 14.5% | ||
| Q2 25 | 79.9% | 12.9% | ||
| Q1 25 | 79.3% | 14.2% | ||
| Q4 24 | 80.5% | 13.6% | ||
| Q3 24 | 80.0% | 13.1% | ||
| Q2 24 | 80.9% | 13.0% | ||
| Q1 24 | 82.0% | 12.6% |
营业利润率DDOGSCSC
| Q4 25 | 1.0% | 2.3% | ||
| Q3 25 | -0.7% | 3.5% | ||
| Q2 25 | -4.3% | 3.3% | ||
| Q1 25 | -1.6% | 3.2% | ||
| Q4 24 | 1.3% | 2.5% | ||
| Q3 24 | 2.9% | 2.3% | ||
| Q2 24 | 2.0% | 2.9% | ||
| Q1 24 | 2.0% | 2.3% |
净利率DDOGSCSC
| Q4 25 | 4.9% | 2.2% | ||
| Q3 25 | 3.8% | 2.7% | ||
| Q2 25 | 0.3% | 2.5% | ||
| Q1 25 | 3.2% | 2.5% | ||
| Q4 24 | 6.2% | 2.3% | ||
| Q3 24 | 7.5% | 2.2% | ||
| Q2 24 | 6.8% | 2.2% | ||
| Q1 24 | 7.0% | 1.7% |
每股收益（稀释后）DDOGSCSC
| Q4 25 | $0.13 | $0.75 | ||
| Q3 25 | $0.10 | $0.89 | ||
| Q2 25 | $0.01 | $0.87 | ||
| Q1 25 | $0.07 | $0.74 | ||
| Q4 24 | $0.14 | $0.70 | ||
| Q3 24 | $0.14 | $0.69 | ||
| Q2 24 | $0.12 | $0.66 | ||
| Q1 24 | $0.12 | $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 | $401.3M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $910.9M |
| 总资产 | $6.6B | $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DDOGSCSC
| Q4 25 | $401.3M | $83.5M | ||
| Q3 25 | $540.6M | $124.9M | ||
| Q2 25 | $489.0M | $126.2M | ||
| Q1 25 | $1.1B | $146.3M | ||
| Q4 24 | $1.2B | $110.5M | ||
| Q3 24 | $337.4M | $145.0M | ||
| Q2 24 | $411.0M | $185.5M | ||
| Q1 24 | $282.2M | $159.1M |
股东权益DDOGSCSC
| Q4 25 | $3.7B | $910.9M | ||
| Q3 25 | $3.4B | $914.0M | ||
| Q2 25 | $3.2B | $906.4M | ||
| Q1 25 | $2.9B | $901.7M | ||
| Q4 24 | $2.7B | $900.7M | ||
| Q3 24 | $2.6B | $920.9M | ||
| Q2 24 | $2.4B | $924.3M | ||
| Q1 24 | $2.2B | $944.1M |
总资产DDOGSCSC
| Q4 25 | $6.6B | $1.7B | ||
| Q3 25 | $6.1B | $1.7B | ||
| Q2 25 | $5.8B | $1.8B | ||
| Q1 25 | $6.0B | $1.7B | ||
| Q4 24 | $5.8B | $1.7B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.4B | $1.8B | ||
| Q1 24 | $4.1B | $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 | $327.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $318.2M | $28.9M |
| 自由现金流率自由现金流/营收 | 33.4% | 3.8% |
| 资本支出强度资本支出/营收 | 0.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 7.02× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流DDOGSCSC
| Q4 25 | $327.1M | $30.8M | ||
| Q3 25 | $251.5M | $23.2M | ||
| Q2 25 | $200.1M | — | ||
| Q1 25 | $271.5M | $66.1M | ||
| Q4 24 | $265.2M | $-6.2M | ||
| Q3 24 | $228.7M | $44.8M | ||
| Q2 24 | $164.4M | — | ||
| Q1 24 | $212.3M | $160.2M |
自由现金流DDOGSCSC
| Q4 25 | $318.2M | $28.9M | ||
| Q3 25 | $234.7M | $20.8M | ||
| Q2 25 | $184.9M | — | ||
| Q1 25 | $262.8M | $64.6M | ||
| Q4 24 | $257.5M | $-8.2M | ||
| Q3 24 | $220.3M | $42.5M | ||
| Q2 24 | $160.0M | — | ||
| Q1 24 | $198.1M | $157.7M |
自由现金流率DDOGSCSC
| Q4 25 | 33.4% | 3.8% | ||
| Q3 25 | 26.5% | 2.8% | ||
| Q2 25 | 22.4% | — | ||
| Q1 25 | 34.5% | 9.2% | ||
| Q4 24 | 34.9% | -1.1% | ||
| Q3 24 | 31.9% | 5.5% | ||
| Q2 24 | 24.8% | — | ||
| Q1 24 | 32.4% | 21.0% |
资本支出强度DDOGSCSC
| Q4 25 | 0.9% | 0.3% | ||
| Q3 25 | 1.9% | 0.3% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 2.3% | 0.3% |
现金转化率DDOGSCSC
| Q4 25 | 7.02× | 1.87× | ||
| Q3 25 | 7.42× | 1.17× | ||
| Q2 25 | 75.58× | — | ||
| Q1 25 | 11.02× | 3.79× | ||
| Q4 24 | 5.82× | -0.36× | ||
| Q3 24 | 4.42× | 2.64× | ||
| Q2 24 | 3.75× | — | ||
| Q1 24 | 4.98× | 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
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
