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达尔科技（DIOD）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.的季度营收约是达尔科技的2.0倍（$766.5M vs $391.6M），达尔科技净利率更高（2.6% vs 2.2%，领先0.5%），达尔科技同比增速更快（15.4% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $12.4M），过去两年达尔科技的营收复合增速更高（13.9% vs 0.9%）
达尔科技是一家全球性半导体制造商，主营分立器件、模拟及混合信号半导体产品的设计、生产与销售，产品广泛应用于汽车、工业、消费电子、计算及通信基础设施等核心领域，服务全球各地客户。
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。
DIOD vs SCSC — 直观对比
营收规模更大
SCSC
是对方的2.0倍
$391.6M
营收增速更快
DIOD
高出12.9%
2.5%
净利率更高
DIOD
高出0.5%
2.2%
自由现金流更多
SCSC
多$16.5M
$12.4M
两年增速更快
DIOD
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $766.5M |
| 净利润 | $10.2M | $16.5M |
| 毛利率 | 31.1% | 13.4% |
| 营业利润率 | 3.4% | 2.3% |
| 净利率 | 2.6% | 2.2% |
| 营收同比 | 15.4% | 2.5% |
| 净利润同比 | 23.8% | -3.3% |
| 每股收益（稀释后） | $0.23 | $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DIODSCSC
| Q4 25 | $391.6M | $766.5M | ||
| Q3 25 | $392.2M | $739.6M | ||
| Q2 25 | $366.2M | $812.9M | ||
| Q1 25 | $332.1M | $704.8M | ||
| Q4 24 | $339.3M | $747.5M | ||
| Q3 24 | $350.1M | $775.6M | ||
| Q2 24 | $319.8M | $746.1M | ||
| Q1 24 | $302.0M | $752.6M |
净利润DIODSCSC
| Q4 25 | $10.2M | $16.5M | ||
| Q3 25 | $14.3M | $19.9M | ||
| Q2 25 | $46.1M | $20.1M | ||
| Q1 25 | $-4.4M | $17.4M | ||
| Q4 24 | $8.2M | $17.1M | ||
| Q3 24 | $13.7M | $17.0M | ||
| Q2 24 | $8.0M | $16.1M | ||
| Q1 24 | $14.0M | $12.8M |
毛利率DIODSCSC
| Q4 25 | 31.1% | 13.4% | ||
| Q3 25 | 30.7% | 14.5% | ||
| Q2 25 | 31.5% | 12.9% | ||
| Q1 25 | 31.5% | 14.2% | ||
| Q4 24 | 32.7% | 13.6% | ||
| Q3 24 | 33.7% | 13.1% | ||
| Q2 24 | 33.6% | 13.0% | ||
| Q1 24 | 33.0% | 12.6% |
营业利润率DIODSCSC
| Q4 25 | 3.4% | 2.3% | ||
| Q3 25 | 3.0% | 3.5% | ||
| Q2 25 | 2.6% | 3.3% | ||
| Q1 25 | 0.4% | 3.2% | ||
| Q4 24 | 3.5% | 2.5% | ||
| Q3 24 | 6.2% | 2.3% | ||
| Q2 24 | 1.2% | 2.9% | ||
| Q1 24 | 4.3% | 2.3% |
净利率DIODSCSC
| Q4 25 | 2.6% | 2.2% | ||
| Q3 25 | 3.6% | 2.7% | ||
| Q2 25 | 12.6% | 2.5% | ||
| Q1 25 | -1.3% | 2.5% | ||
| Q4 24 | 2.4% | 2.3% | ||
| Q3 24 | 3.9% | 2.2% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | 4.6% | 1.7% |
每股收益（稀释后）DIODSCSC
| Q4 25 | $0.23 | $0.75 | ||
| Q3 25 | $0.31 | $0.89 | ||
| Q2 25 | $0.99 | $0.87 | ||
| Q1 25 | $-0.10 | $0.74 | ||
| Q4 24 | $0.18 | $0.70 | ||
| Q3 24 | $0.30 | $0.69 | ||
| Q2 24 | $0.17 | $0.66 | ||
| Q1 24 | $0.30 | $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 | $377.0M | $83.5M |
| 总债务越低越好 | $25.7M | — |
| 股东权益账面价值 | $1.9B | $910.9M |
| 总资产 | $2.4B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资DIODSCSC
| Q4 25 | $377.0M | $83.5M | ||
| Q3 25 | $386.4M | $124.9M | ||
| Q2 25 | $327.3M | $126.2M | ||
| Q1 25 | $343.9M | $146.3M | ||
| Q4 24 | $316.1M | $110.5M | ||
| Q3 24 | $319.3M | $145.0M | ||
| Q2 24 | $273.9M | $185.5M | ||
| Q1 24 | $276.0M | $159.1M |
总债务DIODSCSC
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | — | ||
| Q2 25 | $26.4M | — | ||
| Q1 25 | $20.5M | — | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $20.9M | — |
股东权益DIODSCSC
| Q4 25 | $1.9B | $910.9M | ||
| Q3 25 | $1.9B | $914.0M | ||
| Q2 25 | $1.9B | $906.4M | ||
| Q1 25 | $1.8B | $901.7M | ||
| Q4 24 | $1.8B | $900.7M | ||
| Q3 24 | $1.8B | $920.9M | ||
| Q2 24 | $1.8B | $924.3M | ||
| Q1 24 | $1.7B | $944.1M |
总资产DIODSCSC
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.4B | $1.8B | ||
| Q1 24 | $2.4B | $1.8B |
负债/权益比DIODSCSC
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.01× | — |
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 | $38.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $12.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 3.2% | 3.8% |
| 资本支出强度资本支出/营收 | 6.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 3.74× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $137.2M | — |
8季度趋势，按日历期对齐
经营现金流DIODSCSC
| Q4 25 | $38.1M | $30.8M | ||
| Q3 25 | $79.1M | $23.2M | ||
| Q2 25 | $41.5M | — | ||
| Q1 25 | $56.7M | $66.1M | ||
| Q4 24 | $81.8M | $-6.2M | ||
| Q3 24 | $54.4M | $44.8M | ||
| Q2 24 | $14.4M | — | ||
| Q1 24 | $-31.1M | $160.2M |
自由现金流DIODSCSC
| Q4 25 | $12.4M | $28.9M | ||
| Q3 25 | $62.8M | $20.8M | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $40.8M | $64.6M | ||
| Q4 24 | $62.1M | $-8.2M | ||
| Q3 24 | $39.4M | $42.5M | ||
| Q2 24 | $-3.5M | — | ||
| Q1 24 | $-51.5M | $157.7M |
自由现金流率DIODSCSC
| Q4 25 | 3.2% | 3.8% | ||
| Q3 25 | 16.0% | 2.8% | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 12.3% | 9.2% | ||
| Q4 24 | 18.3% | -1.1% | ||
| Q3 24 | 11.2% | 5.5% | ||
| Q2 24 | -1.1% | — | ||
| Q1 24 | -17.1% | 21.0% |
资本支出强度DIODSCSC
| Q4 25 | 6.6% | 0.3% | ||
| Q3 25 | 4.2% | 0.3% | ||
| Q2 25 | 5.6% | 0.3% | ||
| Q1 25 | 4.8% | 0.2% | ||
| Q4 24 | 5.8% | 0.3% | ||
| Q3 24 | 4.3% | 0.3% | ||
| Q2 24 | 5.6% | 0.2% | ||
| Q1 24 | 6.7% | 0.3% |
现金转化率DIODSCSC
| Q4 25 | 3.74× | 1.87× | ||
| Q3 25 | 5.54× | 1.17× | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 9.93× | -0.36× | ||
| Q3 24 | 3.95× | 2.64× | ||
| Q2 24 | 1.80× | — | ||
| Q1 24 | -2.22× | 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
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
