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FactSet（FDS）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FactSet的1.3倍（$766.5M vs $607.6M），FactSet净利率更高（25.1% vs 2.2%，领先23.0%），FactSet同比增速更快（6.9% vs 2.5%），FactSet自由现金流更多（$90.4M vs $28.9M），过去两年FactSet的营收复合增速更高（5.5% vs 0.9%）
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
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。
FDS vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.3倍
$607.6M
营收增速更快
FDS
高出4.3%
2.5%
净利率更高
FDS
高出23.0%
2.2%
自由现金流更多
FDS
多$61.6M
$28.9M
两年增速更快
FDS
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $607.6M | $766.5M |
| 净利润 | $152.6M | $16.5M |
| 毛利率 | 52.6% | 13.4% |
| 营业利润率 | 31.6% | 2.3% |
| 净利率 | 25.1% | 2.2% |
| 营收同比 | 6.9% | 2.5% |
| 净利润同比 | 1.7% | -3.3% |
| 每股收益（稀释后） | $4.06 | $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FDSSCSC
| Q4 25 | $607.6M | $766.5M | ||
| Q3 25 | $596.9M | $739.6M | ||
| Q2 25 | $585.5M | $812.9M | ||
| Q1 25 | $570.7M | $704.8M | ||
| Q4 24 | $568.7M | $747.5M | ||
| Q3 24 | $562.2M | $775.6M | ||
| Q2 24 | $552.7M | $746.1M | ||
| Q1 24 | $545.9M | $752.6M |
净利润FDSSCSC
| Q4 25 | $152.6M | $16.5M | ||
| Q3 25 | $153.6M | $19.9M | ||
| Q2 25 | $148.5M | $20.1M | ||
| Q1 25 | $144.9M | $17.4M | ||
| Q4 24 | $150.0M | $17.1M | ||
| Q3 24 | $89.5M | $17.0M | ||
| Q2 24 | $158.1M | $16.1M | ||
| Q1 24 | $140.9M | $12.8M |
毛利率FDSSCSC
| Q4 25 | 52.6% | 13.4% | ||
| Q3 25 | 51.6% | 14.5% | ||
| Q2 25 | 52.1% | 12.9% | ||
| Q1 25 | 52.8% | 14.2% | ||
| Q4 24 | 54.5% | 13.6% | ||
| Q3 24 | 54.1% | 13.1% | ||
| Q2 24 | 55.3% | 13.0% | ||
| Q1 24 | 53.3% | 12.6% |
营业利润率FDSSCSC
| Q4 25 | 31.6% | 2.3% | ||
| Q3 25 | 29.7% | 3.5% | ||
| Q2 25 | 33.2% | 3.3% | ||
| Q1 25 | 32.5% | 3.2% | ||
| Q4 24 | 33.6% | 2.5% | ||
| Q3 24 | 22.7% | 2.3% | ||
| Q2 24 | 36.6% | 2.9% | ||
| Q1 24 | 33.3% | 2.3% |
净利率FDSSCSC
| Q4 25 | 25.1% | 2.2% | ||
| Q3 25 | 25.7% | 2.7% | ||
| Q2 25 | 25.4% | 2.5% | ||
| Q1 25 | 25.4% | 2.5% | ||
| Q4 24 | 26.4% | 2.3% | ||
| Q3 24 | 15.9% | 2.2% | ||
| Q2 24 | 28.6% | 2.2% | ||
| Q1 24 | 25.8% | 1.7% |
每股收益（稀释后）FDSSCSC
| Q4 25 | $4.06 | $0.75 | ||
| Q3 25 | $4.03 | $0.89 | ||
| Q2 25 | $3.87 | $0.87 | ||
| Q1 25 | $3.76 | $0.74 | ||
| Q4 24 | $3.89 | $0.70 | ||
| Q3 24 | $2.33 | $0.69 | ||
| Q2 24 | $4.09 | $0.66 | ||
| Q1 24 | $3.65 | $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 | $292.7M | $83.5M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $910.9M |
| 总资产 | $4.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资FDSSCSC
| Q4 25 | $292.7M | $83.5M | ||
| Q3 25 | $355.1M | $124.9M | ||
| Q2 25 | $364.0M | $126.2M | ||
| Q1 25 | $287.0M | $146.3M | ||
| Q4 24 | $358.8M | $110.5M | ||
| Q3 24 | $492.6M | $145.0M | ||
| Q2 24 | $522.0M | $185.5M | ||
| Q1 24 | $450.2M | $159.1M |
总债务FDSSCSC
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
股东权益FDSSCSC
| Q4 25 | $2.2B | $910.9M | ||
| Q3 25 | $2.2B | $914.0M | ||
| Q2 25 | $2.2B | $906.4M | ||
| Q1 25 | $2.1B | $901.7M | ||
| Q4 24 | $2.0B | $900.7M | ||
| Q3 24 | $1.9B | $920.9M | ||
| Q2 24 | $1.9B | $924.3M | ||
| Q1 24 | $1.8B | $944.1M |
总资产FDSSCSC
| Q4 25 | $4.2B | $1.7B | ||
| Q3 25 | $4.3B | $1.7B | ||
| Q2 25 | $4.3B | $1.8B | ||
| Q1 25 | $4.2B | $1.7B | ||
| Q4 24 | $4.0B | $1.7B | ||
| Q3 24 | $4.1B | $1.8B | ||
| Q2 24 | $4.0B | $1.8B | ||
| Q1 24 | $4.0B | $1.8B |
负债/权益比FDSSCSC
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.71× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $121.3M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $90.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 14.9% | 3.8% |
| 资本支出强度资本支出/营收 | 5.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.79× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $647.4M | — |
8季度趋势，按日历期对齐
经营现金流FDSSCSC
| Q4 25 | $121.3M | $30.8M | ||
| Q3 25 | $212.1M | $23.2M | ||
| Q2 25 | $253.8M | — | ||
| Q1 25 | $174.0M | $66.1M | ||
| Q4 24 | $86.4M | $-6.2M | ||
| Q3 24 | $163.2M | $44.8M | ||
| Q2 24 | $238.2M | — | ||
| Q1 24 | $143.8M | $160.2M |
自由现金流FDSSCSC
| Q4 25 | $90.4M | $28.9M | ||
| Q3 25 | $178.1M | $20.8M | ||
| Q2 25 | $228.6M | — | ||
| Q1 25 | $150.2M | $64.6M | ||
| Q4 24 | $60.5M | $-8.2M | ||
| Q3 24 | $137.2M | $42.5M | ||
| Q2 24 | $216.9M | — | ||
| Q1 24 | $121.9M | $157.7M |
自由现金流率FDSSCSC
| Q4 25 | 14.9% | 3.8% | ||
| Q3 25 | 29.8% | 2.8% | ||
| Q2 25 | 39.0% | — | ||
| Q1 25 | 26.3% | 9.2% | ||
| Q4 24 | 10.6% | -1.1% | ||
| Q3 24 | 24.4% | 5.5% | ||
| Q2 24 | 39.2% | — | ||
| Q1 24 | 22.3% | 21.0% |
资本支出强度FDSSCSC
| Q4 25 | 5.1% | 0.3% | ||
| Q3 25 | 5.7% | 0.3% | ||
| Q2 25 | 4.3% | 0.3% | ||
| Q1 25 | 4.2% | 0.2% | ||
| Q4 24 | 4.5% | 0.3% | ||
| Q3 24 | 4.6% | 0.3% | ||
| Q2 24 | 3.9% | 0.2% | ||
| Q1 24 | 4.0% | 0.3% |
现金转化率FDSSCSC
| Q4 25 | 0.79× | 1.87× | ||
| Q3 25 | 1.38× | 1.17× | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.20× | 3.79× | ||
| Q4 24 | 0.58× | -0.36× | ||
| Q3 24 | 1.82× | 2.64× | ||
| Q2 24 | 1.51× | — | ||
| Q1 24 | 1.02× | 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
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
