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Shift4 Payments, Inc.（FOUR）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是SCANSOURCE, INC.的1.6倍（$1.2B vs $766.5M），Shift4 Payments, Inc.净利率更高（3.4% vs 2.2%，领先1.2%），Shift4 Payments, Inc.同比增速更快（34.0% vs 2.5%），Shift4 Payments, Inc.自由现金流更多（$222.5M vs $28.9M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 0.9%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs SCSC — 直观对比
营收规模更大
FOUR
是对方的1.6倍
$766.5M
营收增速更快
FOUR
高出31.5%
2.5%
净利率更高
FOUR
高出1.2%
2.2%
自由现金流更多
FOUR
多$193.6M
$28.9M
两年增速更快
FOUR
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $766.5M |
| 净利润 | $40.2M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 10.8% | 2.3% |
| 净利率 | 3.4% | 2.2% |
| 营收同比 | 34.0% | 2.5% |
| 净利润同比 | -65.3% | -3.3% |
| 每股收益（稀释后） | — | $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FOURSCSC
| Q4 25 | $1.2B | $766.5M | ||
| Q3 25 | $1.2B | $739.6M | ||
| Q2 25 | $966.2M | $812.9M | ||
| Q1 25 | $848.3M | $704.8M | ||
| Q4 24 | $887.0M | $747.5M | ||
| Q3 24 | $909.2M | $775.6M | ||
| Q2 24 | $827.0M | $746.1M | ||
| Q1 24 | $707.4M | $752.6M |
净利润FOURSCSC
| Q4 25 | $40.2M | $16.5M | ||
| Q3 25 | $28.1M | $19.9M | ||
| Q2 25 | $34.0M | $20.1M | ||
| Q1 25 | $16.7M | $17.4M | ||
| Q4 24 | $116.0M | $17.1M | ||
| Q3 24 | $53.8M | $17.0M | ||
| Q2 24 | $39.2M | $16.1M | ||
| Q1 24 | $20.6M | $12.8M |
毛利率FOURSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率FOURSCSC
| Q4 25 | 10.8% | 2.3% | ||
| Q3 25 | 9.7% | 3.5% | ||
| Q2 25 | 8.6% | 3.3% | ||
| Q1 25 | 3.0% | 3.2% | ||
| Q4 24 | 9.7% | 2.5% | ||
| Q3 24 | 8.8% | 2.3% | ||
| Q2 24 | 7.2% | 2.9% | ||
| Q1 24 | 3.0% | 2.3% |
净利率FOURSCSC
| Q4 25 | 3.4% | 2.2% | ||
| Q3 25 | 2.4% | 2.7% | ||
| Q2 25 | 3.5% | 2.5% | ||
| Q1 25 | 2.0% | 2.5% | ||
| Q4 24 | 13.1% | 2.3% | ||
| Q3 24 | 5.9% | 2.2% | ||
| Q2 24 | 4.7% | 2.2% | ||
| Q1 24 | 2.9% | 1.7% |
每股收益（稀释后）FOURSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 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 | $964.0M | $83.5M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $910.9M |
| 总资产 | $8.7B | $1.7B |
| 负债/权益比越低杠杆越低 | 3.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FOURSCSC
| Q4 25 | $964.0M | $83.5M | ||
| Q3 25 | $1.5B | $124.9M | ||
| Q2 25 | $3.0B | $126.2M | ||
| Q1 25 | $1.2B | $146.3M | ||
| Q4 24 | $1.2B | $110.5M | ||
| Q3 24 | $1.4B | $145.0M | ||
| Q2 24 | $205.0M | $185.5M | ||
| Q1 24 | $522.9M | $159.1M |
总债务FOURSCSC
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FOURSCSC
| Q4 25 | $1.4B | $910.9M | ||
| Q3 25 | $1.7B | $914.0M | ||
| Q2 25 | $1.6B | $906.4M | ||
| Q1 25 | $805.2M | $901.7M | ||
| Q4 24 | $806.6M | $900.7M | ||
| Q3 24 | $811.8M | $920.9M | ||
| Q2 24 | $700.8M | $924.3M | ||
| Q1 24 | $674.5M | $944.1M |
总资产FOURSCSC
| Q4 25 | $8.7B | $1.7B | ||
| Q3 25 | $9.0B | $1.7B | ||
| Q2 25 | $7.0B | $1.8B | ||
| Q1 25 | $5.0B | $1.7B | ||
| Q4 24 | $5.0B | $1.7B | ||
| Q3 24 | $5.0B | $1.8B | ||
| Q2 24 | $3.5B | $1.8B | ||
| Q1 24 | $3.4B | $1.8B |
负债/权益比FOURSCSC
| Q4 25 | 3.15× | — | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | — | ||
| Q3 24 | — | — | ||
| 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 | $223.7M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $28.9M |
| 自由现金流率自由现金流/营收 | 18.7% | 3.8% |
| 资本支出强度资本支出/营收 | 0.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 5.56× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $624.0M | — |
8季度趋势，按日历期对齐
经营现金流FOURSCSC
| Q4 25 | $223.7M | $30.8M | ||
| Q3 25 | $171.8M | $23.2M | ||
| Q2 25 | $141.9M | — | ||
| Q1 25 | $96.6M | $66.1M | ||
| Q4 24 | $145.4M | $-6.2M | ||
| Q3 24 | $182.1M | $44.8M | ||
| Q2 24 | $116.1M | — | ||
| Q1 24 | $56.7M | $160.2M |
自由现金流FOURSCSC
| Q4 25 | $222.5M | $28.9M | ||
| Q3 25 | $165.4M | $20.8M | ||
| Q2 25 | $141.0M | — | ||
| Q1 25 | $95.1M | $64.6M | ||
| Q4 24 | $143.8M | $-8.2M | ||
| Q3 24 | $180.1M | $42.5M | ||
| Q2 24 | $113.9M | — | ||
| Q1 24 | $55.4M | $157.7M |
自由现金流率FOURSCSC
| Q4 25 | 18.7% | 3.8% | ||
| Q3 25 | 14.1% | 2.8% | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 11.2% | 9.2% | ||
| Q4 24 | 16.2% | -1.1% | ||
| Q3 24 | 19.8% | 5.5% | ||
| Q2 24 | 13.8% | — | ||
| Q1 24 | 7.8% | 21.0% |
资本支出强度FOURSCSC
| Q4 25 | 0.1% | 0.3% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 0.1% | 0.3% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 0.2% | 0.3% |
现金转化率FOURSCSC
| Q4 25 | 5.56× | 1.87× | ||
| Q3 25 | 6.11× | 1.17× | ||
| Q2 25 | 4.17× | — | ||
| Q1 25 | 5.78× | 3.79× | ||
| Q4 24 | 1.25× | -0.36× | ||
| Q3 24 | 3.38× | 2.64× | ||
| Q2 24 | 2.96× | — | ||
| Q1 24 | 2.75× | 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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
