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ExlService Holdings, Inc.（EXLS）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ExlService Holdings, Inc.的1.4倍（$766.5M vs $542.6M），ExlService Holdings, Inc.净利率更高（11.1% vs 2.2%，领先9.0%），ExlService Holdings, Inc.同比增速更快（12.7% vs 2.5%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $28.9M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs 0.9%）
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
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。
EXLS vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.4倍
$542.6M
营收增速更快
EXLS
高出10.2%
2.5%
净利率更高
EXLS
高出9.0%
2.2%
自由现金流更多
EXLS
多$77.6M
$28.9M
两年增速更快
EXLS
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $766.5M |
| 净利润 | $60.2M | $16.5M |
| 毛利率 | 38.6% | 13.4% |
| 营业利润率 | 14.4% | 2.3% |
| 净利率 | 11.1% | 2.2% |
| 营收同比 | 12.7% | 2.5% |
| 净利润同比 | 18.9% | -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EXLSSCSC
| Q4 25 | $542.6M | $766.5M | ||
| Q3 25 | $529.6M | $739.6M | ||
| Q2 25 | $514.5M | $812.9M | ||
| Q1 25 | $501.0M | $704.8M | ||
| Q4 24 | $481.4M | $747.5M | ||
| Q3 24 | $472.1M | $775.6M | ||
| Q2 24 | $448.4M | $746.1M | ||
| Q1 24 | $436.5M | $752.6M |
净利润EXLSSCSC
| Q4 25 | $60.2M | $16.5M | ||
| Q3 25 | $58.2M | $19.9M | ||
| Q2 25 | $66.1M | $20.1M | ||
| Q1 25 | $66.6M | $17.4M | ||
| Q4 24 | $50.7M | $17.1M | ||
| Q3 24 | $53.0M | $17.0M | ||
| Q2 24 | $45.8M | $16.1M | ||
| Q1 24 | $48.8M | $12.8M |
毛利率EXLSSCSC
| Q4 25 | 38.6% | 13.4% | ||
| Q3 25 | 38.5% | 14.5% | ||
| Q2 25 | 37.7% | 12.9% | ||
| Q1 25 | 38.6% | 14.2% | ||
| Q4 24 | 38.1% | 13.6% | ||
| Q3 24 | 37.8% | 13.1% | ||
| Q2 24 | 37.1% | 13.0% | ||
| Q1 24 | 37.4% | 12.6% |
营业利润率EXLSSCSC
| Q4 25 | 14.4% | 2.3% | ||
| Q3 25 | 14.4% | 3.5% | ||
| Q2 25 | 15.8% | 3.3% | ||
| Q1 25 | 15.7% | 3.2% | ||
| Q4 24 | 14.8% | 2.5% | ||
| Q3 24 | 14.7% | 2.3% | ||
| Q2 24 | 13.7% | 2.9% | ||
| Q1 24 | 14.1% | 2.3% |
净利率EXLSSCSC
| Q4 25 | 11.1% | 2.2% | ||
| Q3 25 | 11.0% | 2.7% | ||
| Q2 25 | 12.8% | 2.5% | ||
| Q1 25 | 13.3% | 2.5% | ||
| Q4 24 | 10.5% | 2.3% | ||
| Q3 24 | 11.2% | 2.2% | ||
| Q2 24 | 10.2% | 2.2% | ||
| Q1 24 | 11.2% | 1.7% |
每股收益（稀释后）EXLSSCSC
| Q4 25 | $0.38 | $0.75 | ||
| Q3 25 | $0.36 | $0.89 | ||
| Q2 25 | $0.40 | $0.87 | ||
| Q1 25 | $0.40 | $0.74 | ||
| Q4 24 | $0.31 | $0.70 | ||
| Q3 24 | $0.33 | $0.69 | ||
| Q2 24 | $0.28 | $0.66 | ||
| Q1 24 | $0.29 | $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 | $328.4M | $83.5M |
| 总债务越低越好 | $298.6M | — |
| 股东权益账面价值 | $912.7M | $910.9M |
| 总资产 | $1.7B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资EXLSSCSC
| Q4 25 | $328.4M | $83.5M | ||
| Q3 25 | $390.1M | $124.9M | ||
| Q2 25 | $353.3M | $126.2M | ||
| Q1 25 | $331.4M | $146.3M | ||
| Q4 24 | $340.6M | $110.5M | ||
| Q3 24 | $325.8M | $145.0M | ||
| Q2 24 | $276.1M | $185.5M | ||
| Q1 24 | $246.2M | $159.1M |
总债务EXLSSCSC
| Q4 25 | $298.6M | — | ||
| Q3 25 | $354.8M | — | ||
| Q2 25 | $260.0M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $288.5M | — | ||
| Q3 24 | $344.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXLSSCSC
| Q4 25 | $912.7M | $910.9M | ||
| Q3 25 | $952.4M | $914.0M | ||
| Q2 25 | $1.1B | $906.4M | ||
| Q1 25 | $1.0B | $901.7M | ||
| Q4 24 | $929.9M | $900.7M | ||
| Q3 24 | $907.6M | $920.9M | ||
| Q2 24 | $852.6M | $924.3M | ||
| Q1 24 | $803.3M | $944.1M |
总资产EXLSSCSC
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.4B | $1.8B |
负债/权益比EXLSSCSC
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $117.4M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $28.9M |
| 自由现金流率自由现金流/营收 | 19.6% | 3.8% |
| 资本支出强度资本支出/营收 | 2.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $298.1M | — |
8季度趋势，按日历期对齐
经营现金流EXLSSCSC
| Q4 25 | $117.4M | $30.8M | ||
| Q3 25 | $120.7M | $23.2M | ||
| Q2 25 | $109.4M | — | ||
| Q1 25 | $3.2M | $66.1M | ||
| Q4 24 | $105.3M | $-6.2M | ||
| Q3 24 | $110.1M | $44.8M | ||
| Q2 24 | $74.9M | — | ||
| Q1 24 | $-21.9M | $160.2M |
自由现金流EXLSSCSC
| Q4 25 | $106.5M | $28.9M | ||
| Q3 25 | $106.4M | $20.8M | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-9.7M | $64.6M | ||
| Q4 24 | $95.3M | $-8.2M | ||
| Q3 24 | $97.3M | $42.5M | ||
| Q2 24 | $62.8M | — | ||
| Q1 24 | $-33.1M | $157.7M |
自由现金流率EXLSSCSC
| Q4 25 | 19.6% | 3.8% | ||
| Q3 25 | 20.1% | 2.8% | ||
| Q2 25 | 18.5% | — | ||
| Q1 25 | -1.9% | 9.2% | ||
| Q4 24 | 19.8% | -1.1% | ||
| Q3 24 | 20.6% | 5.5% | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | -7.6% | 21.0% |
资本支出强度EXLSSCSC
| Q4 25 | 2.0% | 0.3% | ||
| Q3 25 | 2.7% | 0.3% | ||
| Q2 25 | 2.8% | 0.3% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 2.1% | 0.3% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 2.7% | 0.2% | ||
| Q1 24 | 2.6% | 0.3% |
现金转化率EXLSSCSC
| Q4 25 | 1.95× | 1.87× | ||
| Q3 25 | 2.08× | 1.17× | ||
| Q2 25 | 1.66× | — | ||
| Q1 25 | 0.05× | 3.79× | ||
| Q4 24 | 2.08× | -0.36× | ||
| Q3 24 | 2.08× | 2.64× | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | -0.45× | 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
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
