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Fortrea Holdings Inc.（FTRE）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Fortrea Holdings Inc.的1.2倍（$766.5M vs $660.5M），SCANSOURCE, INC.净利率更高（2.2% vs -4.9%，领先7.1%），SCANSOURCE, INC.同比增速更快（2.5% vs -5.2%），Fortrea Holdings Inc.自由现金流更多（$121.6M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -0.1%）
Fortrea Holdings Inc.是一家总部位于美国北卡罗来纳州达勒姆、注册地为特拉华州的合同研究组织，业务覆盖90个国家，主要服务制药、生物技术和医疗器械行业客户，为相关领域的研发提供专业支持。
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。
FTRE vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.2倍
$660.5M
营收增速更快
SCSC
高出7.8%
-5.2%
净利率更高
SCSC
高出7.1%
-4.9%
自由现金流更多
FTRE
多$92.7M
$28.9M
两年增速更快
SCSC
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $660.5M | $766.5M |
| 净利润 | $-32.5M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | -2.1% | 2.3% |
| 净利率 | -4.9% | 2.2% |
| 营收同比 | -5.2% | 2.5% |
| 净利润同比 | 46.9% | -3.3% |
| 每股收益（稀释后） | $-0.25 | $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FTRESCSC
| Q4 25 | $660.5M | $766.5M | ||
| Q3 25 | $701.3M | $739.6M | ||
| Q2 25 | $710.3M | $812.9M | ||
| Q1 25 | $651.3M | $704.8M | ||
| Q4 24 | $697.0M | $747.5M | ||
| Q3 24 | $674.9M | $775.6M | ||
| Q2 24 | $662.4M | $746.1M | ||
| Q1 24 | $662.1M | $752.6M |
净利润FTRESCSC
| Q4 25 | $-32.5M | $16.5M | ||
| Q3 25 | $-15.9M | $19.9M | ||
| Q2 25 | $-374.9M | $20.1M | ||
| Q1 25 | $-562.9M | $17.4M | ||
| Q4 24 | $-61.2M | $17.1M | ||
| Q3 24 | $-27.9M | $17.0M | ||
| Q2 24 | $-138.4M | $16.1M | ||
| Q1 24 | $-101.0M | $12.8M |
毛利率FTRESCSC
| 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FTRESCSC
| Q4 25 | -2.1% | 2.3% | ||
| Q3 25 | -1.2% | 3.5% | ||
| Q2 25 | -46.5% | 3.3% | ||
| Q1 25 | -79.9% | 3.2% | ||
| Q4 24 | -8.0% | 2.5% | ||
| Q3 24 | -2.7% | 2.3% | ||
| Q2 24 | -7.7% | 2.9% | ||
| Q1 24 | -5.6% | 2.3% |
净利率FTRESCSC
| Q4 25 | -4.9% | 2.2% | ||
| Q3 25 | -2.3% | 2.7% | ||
| Q2 25 | -52.8% | 2.5% | ||
| Q1 25 | -86.4% | 2.5% | ||
| Q4 24 | -8.8% | 2.3% | ||
| Q3 24 | -4.1% | 2.2% | ||
| Q2 24 | -20.9% | 2.2% | ||
| Q1 24 | -15.3% | 1.7% |
每股收益（稀释后）FTRESCSC
| Q4 25 | $-0.25 | $0.75 | ||
| Q3 25 | $-0.17 | $0.89 | ||
| Q2 25 | $-4.14 | $0.87 | ||
| Q1 25 | $-6.25 | $0.74 | ||
| Q4 24 | $-0.68 | $0.70 | ||
| Q3 24 | $-0.31 | $0.69 | ||
| Q2 24 | $-1.55 | $0.66 | ||
| Q1 24 | $-1.13 | $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 | $174.6M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $563.5M | $910.9M |
| 总资产 | $2.7B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FTRESCSC
| Q4 25 | $174.6M | $83.5M | ||
| Q3 25 | $131.3M | $124.9M | ||
| Q2 25 | $81.2M | $126.2M | ||
| Q1 25 | $101.6M | $146.3M | ||
| Q4 24 | $118.5M | $110.5M | ||
| Q3 24 | $105.3M | $145.0M | ||
| Q2 24 | $126.2M | $185.5M | ||
| Q1 24 | $92.8M | $159.1M |
股东权益FTRESCSC
| Q4 25 | $563.5M | $910.9M | ||
| Q3 25 | $580.8M | $914.0M | ||
| Q2 25 | $589.2M | $906.4M | ||
| Q1 25 | $858.8M | $901.7M | ||
| Q4 24 | $1.4B | $900.7M | ||
| Q3 24 | $1.5B | $920.9M | ||
| Q2 24 | $1.5B | $924.3M | ||
| Q1 24 | $1.6B | $944.1M |
总资产FTRESCSC
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $3.7B | $1.8B | ||
| Q2 24 | $3.6B | $1.8B | ||
| Q1 24 | $4.2B | $1.8B |
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 | $129.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $121.6M | $28.9M |
| 自由现金流率自由现金流/营收 | 18.4% | 3.8% |
| 资本支出强度资本支出/营收 | 1.1% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $88.3M | — |
8季度趋势，按日历期对齐
经营现金流FTRESCSC
| Q4 25 | $129.1M | $30.8M | ||
| Q3 25 | $86.8M | $23.2M | ||
| Q2 25 | $21.8M | — | ||
| Q1 25 | $-124.2M | $66.1M | ||
| Q4 24 | $17.1M | $-6.2M | ||
| Q3 24 | $-2.4M | $44.8M | ||
| Q2 24 | $273.7M | — | ||
| Q1 24 | $-25.6M | $160.2M |
自由现金流FTRESCSC
| Q4 25 | $121.6M | $28.9M | ||
| Q3 25 | $79.5M | $20.8M | ||
| Q2 25 | $14.3M | — | ||
| Q1 25 | $-127.1M | $64.6M | ||
| Q4 24 | $13.9M | $-8.2M | ||
| Q3 24 | $-10.6M | $42.5M | ||
| Q2 24 | $262.5M | — | ||
| Q1 24 | $-34.9M | $157.7M |
自由现金流率FTRESCSC
| Q4 25 | 18.4% | 3.8% | ||
| Q3 25 | 11.3% | 2.8% | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -19.5% | 9.2% | ||
| Q4 24 | 2.0% | -1.1% | ||
| Q3 24 | -1.6% | 5.5% | ||
| Q2 24 | 39.6% | — | ||
| Q1 24 | -5.3% | 21.0% |
资本支出强度FTRESCSC
| Q4 25 | 1.1% | 0.3% | ||
| Q3 25 | 1.0% | 0.3% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 1.7% | 0.2% | ||
| Q1 24 | 1.4% | 0.3% |
现金转化率FTRESCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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
FTRE
暂无分部数据
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
