vs
盖尔斯（GES）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
盖尔斯的季度营收约是SCANSOURCE, INC.的1.0倍（$791.4M vs $766.5M），盖尔斯净利率更高（3.2% vs 2.2%，领先1.1%），盖尔斯同比增速更快（7.2% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-56.3M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -5.8%）
盖尔斯是美国知名服饰品牌企业，以标志性的黑白风格广告广为人知。除核心服饰产品外，品牌还通过品牌授权模式推出腕表、珠宝、香水、包袋、鞋履等各类时尚配饰，在全球时尚消费市场拥有较高知名度。
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。
GES vs SCSC — 直观对比
营收规模更大
GES
是对方的1.0倍
$766.5M
营收增速更快
GES
高出4.6%
2.5%
净利率更高
GES
高出1.1%
2.2%
自由现金流更多
SCSC
多$85.2M
$-56.3M
两年增速更快
SCSC
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $791.4M | $766.5M |
| 净利润 | $25.6M | $16.5M |
| 毛利率 | 42.5% | 13.4% |
| 营业利润率 | 2.9% | 2.3% |
| 净利率 | 3.2% | 2.2% |
| 营收同比 | 7.2% | 2.5% |
| 净利润同比 | 209.6% | -3.3% |
| 每股收益（稀释后） | $0.48 | $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GESSCSC
| Q4 25 | $791.4M | $766.5M | ||
| Q3 25 | $772.9M | $739.6M | ||
| Q2 25 | $647.8M | $812.9M | ||
| Q1 25 | $932.3M | $704.8M | ||
| Q4 24 | $738.5M | $747.5M | ||
| Q3 24 | $732.6M | $775.6M | ||
| Q2 24 | $591.9M | $746.1M | ||
| Q1 24 | $891.0M | $752.6M |
净利润GESSCSC
| Q4 25 | $25.6M | $16.5M | ||
| Q3 25 | $6.2M | $19.9M | ||
| Q2 25 | $-32.9M | $20.1M | ||
| Q1 25 | $81.4M | $17.4M | ||
| Q4 24 | $-23.4M | $17.1M | ||
| Q3 24 | $-10.6M | $17.0M | ||
| Q2 24 | $13.0M | $16.1M | ||
| Q1 24 | $115.3M | $12.8M |
毛利率GESSCSC
| Q4 25 | 42.5% | 13.4% | ||
| Q3 25 | 42.5% | 14.5% | ||
| Q2 25 | 39.9% | 12.9% | ||
| Q1 25 | 44.1% | 14.2% | ||
| Q4 24 | 43.6% | 13.6% | ||
| Q3 24 | 43.7% | 13.1% | ||
| Q2 24 | 41.9% | 13.0% | ||
| Q1 24 | 45.4% | 12.6% |
营业利润率GESSCSC
| Q4 25 | 2.9% | 2.3% | ||
| Q3 25 | 2.3% | 3.5% | ||
| Q2 25 | -5.1% | 3.3% | ||
| Q1 25 | 11.1% | 3.2% | ||
| Q4 24 | 5.7% | 2.5% | ||
| Q3 24 | 6.5% | 2.3% | ||
| Q2 24 | -3.4% | 2.9% | ||
| Q1 24 | 16.3% | 2.3% |
净利率GESSCSC
| Q4 25 | 3.2% | 2.2% | ||
| Q3 25 | 0.8% | 2.7% | ||
| Q2 25 | -5.1% | 2.5% | ||
| Q1 25 | 8.7% | 2.5% | ||
| Q4 24 | -3.2% | 2.3% | ||
| Q3 24 | -1.4% | 2.2% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 12.9% | 1.7% |
每股收益（稀释后）GESSCSC
| Q4 25 | $0.48 | $0.75 | ||
| Q3 25 | $0.12 | $0.89 | ||
| Q2 25 | $-0.65 | $0.87 | ||
| Q1 25 | $1.29 | $0.74 | ||
| Q4 24 | $-0.47 | $0.70 | ||
| Q3 24 | $-0.28 | $0.69 | ||
| Q2 24 | $0.23 | $0.66 | ||
| Q1 24 | $1.90 | $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 | $154.2M | $83.5M |
| 总债务越低越好 | $299.5M | — |
| 股东权益账面价值 | $508.5M | $910.9M |
| 总资产 | $3.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资GESSCSC
| Q4 25 | $154.2M | $83.5M | ||
| Q3 25 | $189.6M | $124.9M | ||
| Q2 25 | $151.2M | $126.2M | ||
| Q1 25 | $187.7M | $146.3M | ||
| Q4 24 | $140.9M | $110.5M | ||
| Q3 24 | $218.9M | $145.0M | ||
| Q2 24 | $241.7M | $185.5M | ||
| Q1 24 | $360.3M | $159.1M |
总债务GESSCSC
| Q4 25 | $299.5M | — | ||
| Q3 25 | $258.4M | — | ||
| Q2 25 | $241.7M | — | ||
| Q1 25 | $150.7M | — | ||
| Q4 24 | $238.3M | — | ||
| Q3 24 | $187.8M | — | ||
| Q2 24 | $196.9M | — | ||
| Q1 24 | $28.2M | — |
股东权益GESSCSC
| Q4 25 | $508.5M | $910.9M | ||
| Q3 25 | $487.6M | $914.0M | ||
| Q2 25 | $483.6M | $906.4M | ||
| Q1 25 | $505.0M | $901.7M | ||
| Q4 24 | $450.7M | $900.7M | ||
| Q3 24 | $491.2M | $920.9M | ||
| Q2 24 | $565.5M | $924.3M | ||
| Q1 24 | $684.9M | $944.1M |
总资产GESSCSC
| Q4 25 | $3.0B | $1.7B | ||
| Q3 25 | $3.0B | $1.7B | ||
| Q2 25 | $2.9B | $1.8B | ||
| Q1 25 | $2.8B | $1.7B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.7B | $1.8B | ||
| Q1 24 | $2.6B | $1.8B |
负债/权益比GESSCSC
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.04× | — |
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 | $-39.5M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $-56.3M | $28.9M |
| 自由现金流率自由现金流/营收 | -7.1% | 3.8% |
| 资本支出强度资本支出/营收 | 2.1% | 0.3% |
| 现金转化率经营现金流/净利润 | -1.54× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $62.5M | — |
8季度趋势，按日历期对齐
经营现金流GESSCSC
| Q4 25 | $-39.5M | $30.8M | ||
| Q3 25 | $74.9M | $23.2M | ||
| Q2 25 | $-73.4M | — | ||
| Q1 25 | $183.2M | $66.1M | ||
| Q4 24 | $-83.3M | $-6.2M | ||
| Q3 24 | $44.7M | $44.8M | ||
| Q2 24 | $-22.9M | — | ||
| Q1 24 | $289.5M | $160.2M |
自由现金流GESSCSC
| Q4 25 | $-56.3M | $28.9M | ||
| Q3 25 | $53.4M | $20.8M | ||
| Q2 25 | $-95.3M | — | ||
| Q1 25 | $160.7M | $64.6M | ||
| Q4 24 | $-105.4M | $-8.2M | ||
| Q3 24 | $24.3M | $42.5M | ||
| Q2 24 | $-44.0M | — | ||
| Q1 24 | $267.8M | $157.7M |
自由现金流率GESSCSC
| Q4 25 | -7.1% | 3.8% | ||
| Q3 25 | 6.9% | 2.8% | ||
| Q2 25 | -14.7% | — | ||
| Q1 25 | 17.2% | 9.2% | ||
| Q4 24 | -14.3% | -1.1% | ||
| Q3 24 | 3.3% | 5.5% | ||
| Q2 24 | -7.4% | — | ||
| Q1 24 | 30.1% | 21.0% |
资本支出强度GESSCSC
| Q4 25 | 2.1% | 0.3% | ||
| Q3 25 | 2.8% | 0.3% | ||
| Q2 25 | 3.4% | 0.3% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 2.8% | 0.3% | ||
| Q2 24 | 3.6% | 0.2% | ||
| Q1 24 | 2.4% | 0.3% |
现金转化率GESSCSC
| Q4 25 | -1.54× | 1.87× | ||
| Q3 25 | 12.00× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.25× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | -1.76× | — | ||
| Q1 24 | 2.51× | 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
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
