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Leonardo DRS, Inc.（DRS）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Leonardo DRS, Inc.的季度营收约是SCANSOURCE, INC.的1.4倍（$1.1B vs $766.5M），Leonardo DRS, Inc.净利率更高（9.6% vs 2.2%，领先7.5%），Leonardo DRS, Inc.同比增速更快（8.1% vs 2.5%），Leonardo DRS, Inc.自由现金流更多（$376.0M vs $28.9M），过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs 0.9%）
莱昂纳多DRS公司是美国本土国防承包商，前身为DRS技术公司，曾于纽约证券交易所挂牌交易，2008年被莱昂纳多的前身芬梅卡尼卡收购，核心业务为向美国军方提供先进国防技术及配套系统产品。
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。
DRS vs SCSC — 直观对比
营收规模更大
DRS
是对方的1.4倍
$766.5M
营收增速更快
DRS
高出5.5%
2.5%
净利率更高
DRS
高出7.5%
2.2%
自由现金流更多
DRS
多$347.1M
$28.9M
两年增速更快
DRS
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $766.5M |
| 净利润 | $102.0M | $16.5M |
| 毛利率 | 25.4% | 13.4% |
| 营业利润率 | 11.9% | 2.3% |
| 净利率 | 9.6% | 2.2% |
| 营收同比 | 8.1% | 2.5% |
| 净利润同比 | 14.6% | -3.3% |
| 每股收益（稀释后） | $0.38 | $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DRSSCSC
| Q4 25 | $1.1B | $766.5M | ||
| Q3 25 | $960.0M | $739.6M | ||
| Q2 25 | $829.0M | $812.9M | ||
| Q1 25 | $799.0M | $704.8M | ||
| Q4 24 | $981.0M | $747.5M | ||
| Q3 24 | $812.0M | $775.6M | ||
| Q2 24 | $753.0M | $746.1M | ||
| Q1 24 | $688.0M | $752.6M |
净利润DRSSCSC
| Q4 25 | $102.0M | $16.5M | ||
| Q3 25 | $72.0M | $19.9M | ||
| Q2 25 | $54.0M | $20.1M | ||
| Q1 25 | $50.0M | $17.4M | ||
| Q4 24 | $89.0M | $17.1M | ||
| Q3 24 | $57.0M | $17.0M | ||
| Q2 24 | $38.0M | $16.1M | ||
| Q1 24 | $29.0M | $12.8M |
毛利率DRSSCSC
| Q4 25 | 25.4% | 13.4% | ||
| Q3 25 | 23.1% | 14.5% | ||
| Q2 25 | 23.8% | 12.9% | ||
| Q1 25 | 22.7% | 14.2% | ||
| Q4 24 | 24.0% | 13.6% | ||
| Q3 24 | 22.0% | 13.1% | ||
| Q2 24 | 22.4% | 13.0% | ||
| Q1 24 | 22.2% | 12.6% |
营业利润率DRSSCSC
| Q4 25 | 11.9% | 2.3% | ||
| Q3 25 | 9.7% | 3.5% | ||
| Q2 25 | 8.4% | 3.3% | ||
| Q1 25 | 7.4% | 3.2% | ||
| Q4 24 | 12.2% | 2.5% | ||
| Q3 24 | 9.2% | 2.3% | ||
| Q2 24 | 7.3% | 2.9% | ||
| Q1 24 | 6.3% | 2.3% |
净利率DRSSCSC
| Q4 25 | 9.6% | 2.2% | ||
| Q3 25 | 7.5% | 2.7% | ||
| Q2 25 | 6.5% | 2.5% | ||
| Q1 25 | 6.3% | 2.5% | ||
| Q4 24 | 9.1% | 2.3% | ||
| Q3 24 | 7.0% | 2.2% | ||
| Q2 24 | 5.0% | 2.2% | ||
| Q1 24 | 4.2% | 1.7% |
每股收益（稀释后）DRSSCSC
| Q4 25 | $0.38 | $0.75 | ||
| Q3 25 | $0.26 | $0.89 | ||
| Q2 25 | $0.20 | $0.87 | ||
| Q1 25 | $0.19 | $0.74 | ||
| Q4 24 | $0.34 | $0.70 | ||
| Q3 24 | $0.21 | $0.69 | ||
| Q2 24 | $0.14 | $0.66 | ||
| Q1 24 | $0.11 | $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 | $647.0M | $83.5M |
| 总债务越低越好 | $321.0M | — |
| 股东权益账面价值 | $2.7B | $910.9M |
| 总资产 | $4.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.12× | — |
8季度趋势，按日历期对齐
现金及短期投资DRSSCSC
| Q4 25 | $647.0M | $83.5M | ||
| Q3 25 | $309.0M | $124.9M | ||
| Q2 25 | $278.0M | $126.2M | ||
| Q1 25 | $380.0M | $146.3M | ||
| Q4 24 | $598.0M | $110.5M | ||
| Q3 24 | $198.0M | $145.0M | ||
| Q2 24 | $149.0M | $185.5M | ||
| Q1 24 | $160.0M | $159.1M |
总债务DRSSCSC
| Q4 25 | $321.0M | — | ||
| Q3 25 | $326.0M | — | ||
| Q2 25 | $331.0M | — | ||
| Q1 25 | $335.0M | — | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $345.0M | — | ||
| Q2 24 | $351.0M | — | ||
| Q1 24 | $356.0M | — |
股东权益DRSSCSC
| Q4 25 | $2.7B | $910.9M | ||
| Q3 25 | $2.6B | $914.0M | ||
| Q2 25 | $2.6B | $906.4M | ||
| Q1 25 | $2.6B | $901.7M | ||
| Q4 24 | $2.6B | $900.7M | ||
| Q3 24 | $2.5B | $920.9M | ||
| Q2 24 | $2.4B | $924.3M | ||
| Q1 24 | $2.4B | $944.1M |
总资产DRSSCSC
| Q4 25 | $4.5B | $1.7B | ||
| Q3 25 | $4.2B | $1.7B | ||
| Q2 25 | $4.1B | $1.8B | ||
| Q1 25 | $4.1B | $1.7B | ||
| Q4 24 | $4.2B | $1.7B | ||
| Q3 24 | $3.9B | $1.8B | ||
| Q2 24 | $3.8B | $1.8B | ||
| Q1 24 | $3.8B | $1.8B |
负债/权益比DRSSCSC
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
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 | $425.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $376.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 35.5% | 3.8% |
| 资本支出强度资本支出/营收 | 4.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 4.17× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $227.0M | — |
8季度趋势，按日历期对齐
经营现金流DRSSCSC
| Q4 25 | $425.0M | $30.8M | ||
| Q3 25 | $107.0M | $23.2M | ||
| Q2 25 | $-28.0M | — | ||
| Q1 25 | $-138.0M | $66.1M | ||
| Q4 24 | $443.0M | $-6.2M | ||
| Q3 24 | $59.0M | $44.8M | ||
| Q2 24 | $34.0M | — | ||
| Q1 24 | $-265.0M | $160.2M |
自由现金流DRSSCSC
| Q4 25 | $376.0M | $28.9M | ||
| Q3 25 | $77.0M | $20.8M | ||
| Q2 25 | $-56.0M | — | ||
| Q1 25 | $-170.0M | $64.6M | ||
| Q4 24 | $414.0M | $-8.2M | ||
| Q3 24 | $47.0M | $42.5M | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $-275.0M | $157.7M |
自由现金流率DRSSCSC
| Q4 25 | 35.5% | 3.8% | ||
| Q3 25 | 8.0% | 2.8% | ||
| Q2 25 | -6.8% | — | ||
| Q1 25 | -21.3% | 9.2% | ||
| Q4 24 | 42.2% | -1.1% | ||
| Q3 24 | 5.8% | 5.5% | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | -40.0% | 21.0% |
资本支出强度DRSSCSC
| Q4 25 | 4.6% | 0.3% | ||
| Q3 25 | 3.1% | 0.3% | ||
| Q2 25 | 3.4% | 0.3% | ||
| Q1 25 | 4.0% | 0.2% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 4.5% | 0.2% | ||
| Q1 24 | 1.5% | 0.3% |
现金转化率DRSSCSC
| Q4 25 | 4.17× | 1.87× | ||
| Q3 25 | 1.49× | 1.17× | ||
| Q2 25 | -0.52× | — | ||
| Q1 25 | -2.76× | 3.79× | ||
| Q4 24 | 4.98× | -0.36× | ||
| Q3 24 | 1.04× | 2.64× | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | -9.14× | 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
DRS
暂无分部数据
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
