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DELUXE CORP（DLX）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DELUXE CORP的1.4倍（$766.5M vs $535.2M），DELUXE CORP净利率更高（2.2% vs 2.2%，领先0.1%），DELUXE CORP同比增速更快（2.8% vs 2.5%），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs 0.0%）
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
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。
DLX vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.4倍
$535.2M
营收增速更快
DLX
高出0.3%
2.5%
净利率更高
DLX
高出0.1%
2.2%
两年增速更快
SCSC
近两年复合增速
0.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $535.2M | $766.5M |
| 净利润 | $12.0M | $16.5M |
| 毛利率 | 52.2% | 13.4% |
| 营业利润率 | 8.9% | 2.3% |
| 净利率 | 2.2% | 2.2% |
| 营收同比 | 2.8% | 2.5% |
| 净利润同比 | -5.0% | -3.3% |
| 每股收益（稀释后） | $0.25 | $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DLXSCSC
| Q4 25 | $535.2M | $766.5M | ||
| Q3 25 | $540.2M | $739.6M | ||
| Q2 25 | $521.3M | $812.9M | ||
| Q1 25 | $536.5M | $704.8M | ||
| Q4 24 | $520.6M | $747.5M | ||
| Q3 24 | $528.4M | $775.6M | ||
| Q2 24 | $537.8M | $746.1M | ||
| Q1 24 | $535.0M | $752.6M |
净利润DLXSCSC
| Q4 25 | $12.0M | $16.5M | ||
| Q3 25 | $33.7M | $19.9M | ||
| Q2 25 | $22.4M | $20.1M | ||
| Q1 25 | $14.0M | $17.4M | ||
| Q4 24 | $12.6M | $17.1M | ||
| Q3 24 | $8.9M | $17.0M | ||
| Q2 24 | $20.5M | $16.1M | ||
| Q1 24 | $10.8M | $12.8M |
毛利率DLXSCSC
| Q4 25 | 52.2% | 13.4% | ||
| Q3 25 | 53.9% | 14.5% | ||
| Q2 25 | 53.6% | 12.9% | ||
| Q1 25 | 52.4% | 14.2% | ||
| Q4 24 | 52.3% | 13.6% | ||
| Q3 24 | 53.3% | 13.1% | ||
| Q2 24 | 53.7% | 13.0% | ||
| Q1 24 | 53.0% | 12.6% |
营业利润率DLXSCSC
| Q4 25 | 8.9% | 2.3% | ||
| Q3 25 | 14.0% | 3.5% | ||
| Q2 25 | 11.7% | 3.3% | ||
| Q1 25 | 9.0% | 3.2% | ||
| Q4 24 | 9.0% | 2.5% | ||
| Q3 24 | 7.9% | 2.3% | ||
| Q2 24 | 11.0% | 2.9% | ||
| Q1 24 | 8.3% | 2.3% |
净利率DLXSCSC
| Q4 25 | 2.2% | 2.2% | ||
| Q3 25 | 6.2% | 2.7% | ||
| Q2 25 | 4.3% | 2.5% | ||
| Q1 25 | 2.6% | 2.5% | ||
| Q4 24 | 2.4% | 2.3% | ||
| Q3 24 | 1.7% | 2.2% | ||
| Q2 24 | 3.8% | 2.2% | ||
| Q1 24 | 2.0% | 1.7% |
每股收益（稀释后）DLXSCSC
| Q4 25 | $0.25 | $0.75 | ||
| Q3 25 | $0.74 | $0.89 | ||
| Q2 25 | $0.50 | $0.87 | ||
| Q1 25 | $0.31 | $0.74 | ||
| Q4 24 | $0.28 | $0.70 | ||
| Q3 24 | $0.20 | $0.69 | ||
| Q2 24 | $0.46 | $0.66 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $680.7M | $910.9M |
| 总资产 | $2.9B | $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DLXSCSC
| Q4 25 | $36.9M | $83.5M | ||
| Q3 25 | $25.8M | $124.9M | ||
| Q2 25 | $26.0M | $126.2M | ||
| Q1 25 | $30.3M | $146.3M | ||
| Q4 24 | $34.4M | $110.5M | ||
| Q3 24 | $41.3M | $145.0M | ||
| Q2 24 | $23.1M | $185.5M | ||
| Q1 24 | $23.5M | $159.1M |
股东权益DLXSCSC
| Q4 25 | $680.7M | $910.9M | ||
| Q3 25 | $664.1M | $914.0M | ||
| Q2 25 | $638.7M | $906.4M | ||
| Q1 25 | $622.5M | $901.7M | ||
| Q4 24 | $620.9M | $900.7M | ||
| Q3 24 | $612.7M | $920.9M | ||
| Q2 24 | $620.5M | $924.3M | ||
| Q1 24 | $608.4M | $944.1M |
总资产DLXSCSC
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.7B | $1.8B | ||
| Q1 24 | $2.7B | $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 | $102.1M | $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 | 8.53× | 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DLXSCSC
| Q4 25 | $102.1M | $30.8M | ||
| Q3 25 | $67.1M | $23.2M | ||
| Q2 25 | $51.1M | — | ||
| Q1 25 | $50.3M | $66.1M | ||
| Q4 24 | $60.2M | $-6.2M | ||
| Q3 24 | $67.9M | $44.8M | ||
| Q2 24 | $39.6M | — | ||
| Q1 24 | $26.6M | $160.2M |
自由现金流DLXSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | $27.8M | — | ||
| Q1 25 | $24.3M | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | $46.7M | $42.5M | ||
| Q2 24 | $11.4M | — | ||
| Q1 24 | $6.1M | $157.7M |
自由现金流率DLXSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 4.5% | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | 8.8% | 5.5% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 1.1% | 21.0% |
资本支出强度DLXSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | 4.5% | 0.3% | ||
| Q1 25 | 4.8% | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 4.0% | 0.3% | ||
| Q2 24 | 5.2% | 0.2% | ||
| Q1 24 | 3.8% | 0.3% |
现金转化率DLXSCSC
| Q4 25 | 8.53× | 1.87× | ||
| Q3 25 | 1.99× | 1.17× | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 3.59× | 3.79× | ||
| Q4 24 | 4.77× | -0.36× | ||
| Q3 24 | 7.60× | 2.64× | ||
| Q2 24 | 1.94× | — | ||
| Q1 24 | 2.46× | 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
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
