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第一太阳能（FSLR）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是SCANSOURCE, INC.的1.4倍（$1.0B vs $766.5M），第一太阳能净利率更高（33.2% vs 2.2%，领先31.0%），第一太阳能同比增速更快（23.6% vs 2.5%），过去两年第一太阳能的营收复合增速更高（1.7% vs 0.9%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
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。
FSLR vs SCSC — 直观对比
营收规模更大
FSLR
是对方的1.4倍
$766.5M
营收增速更快
FSLR
高出21.1%
2.5%
净利率更高
FSLR
高出31.0%
2.2%
两年增速更快
FSLR
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $766.5M |
| 净利润 | $346.6M | $16.5M |
| 毛利率 | 46.6% | 13.4% |
| 营业利润率 | 33.1% | 2.3% |
| 净利率 | 33.2% | 2.2% |
| 营收同比 | 23.6% | 2.5% |
| 净利润同比 | 65.4% | -3.3% |
| 每股收益（稀释后） | $3.22 | $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FSLRSCSC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.7B | $766.5M | ||
| Q3 25 | $1.6B | $739.6M | ||
| Q2 25 | $1.1B | $812.9M | ||
| Q1 25 | $844.6M | $704.8M | ||
| Q4 24 | $1.5B | $747.5M | ||
| Q3 24 | $887.7M | $775.6M | ||
| Q2 24 | $1.0B | $746.1M |
净利润FSLRSCSC
| Q1 26 | $346.6M | — | ||
| Q4 25 | $520.9M | $16.5M | ||
| Q3 25 | $455.9M | $19.9M | ||
| Q2 25 | $341.9M | $20.1M | ||
| Q1 25 | $209.5M | $17.4M | ||
| Q4 24 | $393.1M | $17.1M | ||
| Q3 24 | $313.0M | $17.0M | ||
| Q2 24 | $349.4M | $16.1M |
毛利率FSLRSCSC
| Q1 26 | 46.6% | — | ||
| Q4 25 | 39.5% | 13.4% | ||
| Q3 25 | 38.3% | 14.5% | ||
| Q2 25 | 45.6% | 12.9% | ||
| Q1 25 | 40.8% | 14.2% | ||
| Q4 24 | 37.5% | 13.6% | ||
| Q3 24 | 50.2% | 13.1% | ||
| Q2 24 | 49.4% | 13.0% |
营业利润率FSLRSCSC
| Q1 26 | 33.1% | — | ||
| Q4 25 | 32.6% | 2.3% | ||
| Q3 25 | 29.2% | 3.5% | ||
| Q2 25 | 33.0% | 3.3% | ||
| Q1 25 | 26.2% | 3.2% | ||
| Q4 24 | 30.2% | 2.5% | ||
| Q3 24 | 36.3% | 2.3% | ||
| Q2 24 | 36.9% | 2.9% |
净利率FSLRSCSC
| Q1 26 | 33.2% | — | ||
| Q4 25 | 31.0% | 2.2% | ||
| Q3 25 | 28.6% | 2.7% | ||
| Q2 25 | 31.2% | 2.5% | ||
| Q1 25 | 24.8% | 2.5% | ||
| Q4 24 | 26.0% | 2.3% | ||
| Q3 24 | 35.3% | 2.2% | ||
| Q2 24 | 34.6% | 2.2% |
每股收益（稀释后）FSLRSCSC
| Q1 26 | $3.22 | — | ||
| Q4 25 | $4.84 | $0.75 | ||
| Q3 25 | $4.24 | $0.89 | ||
| Q2 25 | $3.18 | $0.87 | ||
| Q1 25 | $1.95 | $0.74 | ||
| Q4 24 | $3.66 | $0.70 | ||
| Q3 24 | $2.91 | $0.69 | ||
| Q2 24 | $3.25 | $0.66 |
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 | $2.4B | $83.5M |
| 总债务越低越好 | $425.8M | — |
| 股东权益账面价值 | $9.9B | $910.9M |
| 总资产 | $13.4B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资FSLRSCSC
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.8B | $83.5M | ||
| Q3 25 | $2.0B | $124.9M | ||
| Q2 25 | $1.1B | $126.2M | ||
| Q1 25 | $837.6M | $146.3M | ||
| Q4 24 | $1.6B | $110.5M | ||
| Q3 24 | $1.0B | $145.0M | ||
| Q2 24 | $1.7B | $185.5M |
总债务FSLRSCSC
| Q1 26 | $425.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FSLRSCSC
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.5B | $910.9M | ||
| Q3 25 | $9.0B | $914.0M | ||
| Q2 25 | $8.5B | $906.4M | ||
| Q1 25 | $8.2B | $901.7M | ||
| Q4 24 | $8.0B | $900.7M | ||
| Q3 24 | $7.6B | $920.9M | ||
| Q2 24 | $7.3B | $924.3M |
总资产FSLRSCSC
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.3B | $1.7B | ||
| Q3 25 | $13.5B | $1.7B | ||
| Q2 25 | $12.9B | $1.8B | ||
| Q1 25 | $12.1B | $1.7B | ||
| Q4 24 | $12.1B | $1.7B | ||
| Q3 24 | $11.4B | $1.8B | ||
| Q2 24 | $11.0B | $1.8B |
负债/权益比FSLRSCSC
| Q1 26 | 0.04× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $-214.9M | $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 | -0.62× | 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FSLRSCSC
| Q1 26 | $-214.9M | — | ||
| Q4 25 | $1.2B | $30.8M | ||
| Q3 25 | $1.3B | $23.2M | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $-608.0M | $66.1M | ||
| Q4 24 | $811.0M | $-6.2M | ||
| Q3 24 | $-53.7M | $44.8M | ||
| Q2 24 | $193.0M | — |
自由现金流FSLRSCSC
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $28.9M | ||
| Q3 25 | $1.1B | $20.8M | ||
| Q2 25 | $-138.6M | — | ||
| Q1 25 | $-813.9M | $64.6M | ||
| Q4 24 | $497.5M | $-8.2M | ||
| Q3 24 | $-487.7M | $42.5M | ||
| Q2 24 | $-172.1M | — |
自由现金流率FSLRSCSC
| Q1 26 | — | — | ||
| Q4 25 | 63.6% | 3.8% | ||
| Q3 25 | 67.1% | 2.8% | ||
| Q2 25 | -12.6% | — | ||
| Q1 25 | -96.4% | 9.2% | ||
| Q4 24 | 32.9% | -1.1% | ||
| Q3 24 | -54.9% | 5.5% | ||
| Q2 24 | -17.0% | — |
资本支出强度FSLRSCSC
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 0.3% | ||
| Q3 25 | 12.8% | 0.3% | ||
| Q2 25 | 26.3% | 0.3% | ||
| Q1 25 | 24.4% | 0.2% | ||
| Q4 24 | 20.7% | 0.3% | ||
| Q3 24 | 48.9% | 0.3% | ||
| Q2 24 | 36.1% | 0.2% |
现金转化率FSLRSCSC
| Q1 26 | -0.62× | — | ||
| Q4 25 | 2.38× | 1.87× | ||
| Q3 25 | 2.79× | 1.17× | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | -2.90× | 3.79× | ||
| Q4 24 | 2.06× | -0.36× | ||
| Q3 24 | -0.17× | 2.64× | ||
| Q2 24 | 0.55× | — |
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
FSLR
暂无分部数据
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
