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杜比实验室（DLB）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.的季度营收约是杜比实验室的1.9倍（$766.5M vs $395.6M），杜比实验室净利率更高（24.0% vs 2.2%，领先21.8%），杜比实验室同比增速更快（7.1% vs 2.5%），过去两年杜比实验室的营收复合增速更高（13.9% vs 0.9%）
杜比实验室是一家美国科技企业，专注于音频降噪、音频编码压缩、空间音频及高动态范围（HDR）影像等技术的研发，旗下技术广泛授权给全球各地的消费电子制造商使用，助力终端产品为用户带来更出色的视听体验。
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。
DLB vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.9倍
$395.6M
营收增速更快
DLB
高出4.5%
2.5%
净利率更高
DLB
高出21.8%
2.2%
两年增速更快
DLB
近两年复合增速
0.9%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $395.6M | $766.5M |
| 净利润 | $94.9M | $16.5M |
| 毛利率 | 88.7% | 13.4% |
| 营业利润率 | 28.5% | 2.3% |
| 净利率 | 24.0% | 2.2% |
| 营收同比 | 7.1% | 2.5% |
| 净利润同比 | 3.4% | -3.3% |
| 每股收益（稀释后） | $0.99 | $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DLBSCSC
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $766.5M | ||
| Q3 25 | $307.0M | $739.6M | ||
| Q2 25 | $315.5M | $812.9M | ||
| Q1 25 | $369.6M | $704.8M | ||
| Q4 24 | $357.0M | $747.5M | ||
| Q3 24 | $304.8M | $775.6M |
净利润DLBSCSC
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $16.5M | ||
| Q3 25 | $49.3M | $19.9M | ||
| Q2 25 | $46.1M | $20.1M | ||
| Q1 25 | $91.8M | $17.4M | ||
| Q4 24 | $67.8M | $17.1M | ||
| Q3 24 | $58.6M | $17.0M |
毛利率DLBSCSC
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 13.4% | ||
| Q3 25 | 87.1% | 14.5% | ||
| Q2 25 | 86.1% | 12.9% | ||
| Q1 25 | 90.3% | 14.2% | ||
| Q4 24 | 88.6% | 13.6% | ||
| Q3 24 | 88.8% | 13.1% |
营业利润率DLBSCSC
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 2.3% | ||
| Q3 25 | 9.7% | 3.5% | ||
| Q2 25 | 15.1% | 3.3% | ||
| Q1 25 | 29.2% | 3.2% | ||
| Q4 24 | 22.4% | 2.5% | ||
| Q3 24 | 15.2% | 2.3% |
净利率DLBSCSC
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 2.2% | ||
| Q3 25 | 16.1% | 2.7% | ||
| Q2 25 | 14.6% | 2.5% | ||
| Q1 25 | 24.8% | 2.5% | ||
| Q4 24 | 19.0% | 2.3% | ||
| Q3 24 | 19.2% | 2.2% |
每股收益（稀释后）DLBSCSC
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.75 | ||
| Q3 25 | $0.50 | $0.89 | ||
| Q2 25 | $0.48 | $0.87 | ||
| Q1 25 | $0.94 | $0.74 | ||
| Q4 24 | $0.70 | $0.70 | ||
| Q3 24 | $0.59 | $0.69 |
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 | $594.7M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $910.9M |
| 总资产 | $3.2B | $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DLBSCSC
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $83.5M | ||
| Q3 25 | $702.6M | $124.9M | ||
| Q2 25 | $699.3M | $126.2M | ||
| Q1 25 | $626.6M | $146.3M | ||
| Q4 24 | $520.8M | $110.5M | ||
| Q3 24 | $482.0M | $145.0M |
股东权益DLBSCSC
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $910.9M | ||
| Q3 25 | $2.6B | $914.0M | ||
| Q2 25 | $2.6B | $906.4M | ||
| Q1 25 | $2.6B | $901.7M | ||
| Q4 24 | $2.5B | $900.7M | ||
| Q3 24 | $2.5B | $920.9M |
总资产DLBSCSC
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.1B | $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 | $147.3M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 1.55× | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DLBSCSC
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $30.8M | ||
| Q3 25 | $472.2M | $23.2M | ||
| Q2 25 | $67.7M | — | ||
| Q1 25 | $174.9M | $66.1M | ||
| Q4 24 | $106.8M | $-6.2M | ||
| Q3 24 | $327.3M | $44.8M |
自由现金流DLBSCSC
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $28.9M | ||
| Q3 25 | $435.9M | $20.8M | ||
| Q2 25 | $61.3M | — | ||
| Q1 25 | $168.0M | $64.6M | ||
| Q4 24 | $100.0M | $-8.2M | ||
| Q3 24 | $297.2M | $42.5M |
自由现金流率DLBSCSC
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 3.8% | ||
| Q3 25 | 142.0% | 2.8% | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 45.5% | 9.2% | ||
| Q4 24 | 28.0% | -1.1% | ||
| Q3 24 | 97.5% | 5.5% |
资本支出强度DLBSCSC
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.3% | ||
| Q3 25 | 11.8% | 0.3% | ||
| Q2 25 | 2.0% | 0.3% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | 1.9% | 0.3% | ||
| Q3 24 | 9.8% | 0.3% |
现金转化率DLBSCSC
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 1.87× | ||
| Q3 25 | 9.57× | 1.17× | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.91× | 3.79× | ||
| Q4 24 | 1.57× | -0.36× | ||
| Q3 24 | 5.59× | 2.64× |
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
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
