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亨斯迈（HUN）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是SCANSOURCE, INC.的1.8倍（$1.4B vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -7.1%，领先9.2%），SCANSOURCE, INC.同比增速更快（2.5% vs -6.7%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $19.0M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
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。
HUN vs SCSC — 直观对比
营收规模更大
HUN
是对方的1.8倍
$766.5M
营收增速更快
SCSC
高出9.2%
-6.7%
净利率更高
SCSC
高出9.2%
-7.1%
自由现金流更多
SCSC
多$9.9M
$19.0M
两年增速更快
SCSC
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $766.5M |
| 净利润 | $-96.0M | $16.5M |
| 毛利率 | 12.1% | 13.4% |
| 营业利润率 | -4.4% | 2.3% |
| 净利率 | -7.1% | 2.2% |
| 营收同比 | -6.7% | 2.5% |
| 净利润同比 | 31.9% | -3.3% |
| 每股收益（稀释后） | $-0.56 | $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HUNSCSC
| Q4 25 | $1.4B | $766.5M | ||
| Q3 25 | $1.5B | $739.6M | ||
| Q2 25 | $1.5B | $812.9M | ||
| Q1 25 | $1.4B | $704.8M | ||
| Q4 24 | $1.5B | $747.5M | ||
| Q3 24 | $1.5B | $775.6M | ||
| Q2 24 | $1.6B | $746.1M | ||
| Q1 24 | $1.5B | $752.6M |
净利润HUNSCSC
| Q4 25 | $-96.0M | $16.5M | ||
| Q3 25 | $-25.0M | $19.9M | ||
| Q2 25 | $-158.0M | $20.1M | ||
| Q1 25 | $-5.0M | $17.4M | ||
| Q4 24 | $-141.0M | $17.1M | ||
| Q3 24 | $-33.0M | $17.0M | ||
| Q2 24 | $22.0M | $16.1M | ||
| Q1 24 | $-37.0M | $12.8M |
毛利率HUNSCSC
| Q4 25 | 12.1% | 13.4% | ||
| Q3 25 | 14.0% | 14.5% | ||
| Q2 25 | 12.5% | 12.9% | ||
| Q1 25 | 14.3% | 14.2% | ||
| Q4 24 | 12.9% | 13.6% | ||
| Q3 24 | 15.2% | 13.1% | ||
| Q2 24 | 15.4% | 13.0% | ||
| Q1 24 | 13.7% | 12.6% |
营业利润率HUNSCSC
| Q4 25 | -4.4% | 2.3% | ||
| Q3 25 | 0.4% | 3.5% | ||
| Q2 25 | -8.2% | 3.3% | ||
| Q1 25 | 3.0% | 3.2% | ||
| Q4 24 | -4.3% | 2.5% | ||
| Q3 24 | 2.7% | 2.3% | ||
| Q2 24 | 2.2% | 2.9% | ||
| Q1 24 | -2.6% | 2.3% |
净利率HUNSCSC
| Q4 25 | -7.1% | 2.2% | ||
| Q3 25 | -1.7% | 2.7% | ||
| Q2 25 | -10.8% | 2.5% | ||
| Q1 25 | -0.4% | 2.5% | ||
| Q4 24 | -9.7% | 2.3% | ||
| Q3 24 | -2.1% | 2.2% | ||
| Q2 24 | 1.4% | 2.2% | ||
| Q1 24 | -2.5% | 1.7% |
每股收益（稀释后）HUNSCSC
| Q4 25 | $-0.56 | $0.75 | ||
| Q3 25 | $-0.14 | $0.89 | ||
| Q2 25 | $-0.92 | $0.87 | ||
| Q1 25 | $-0.03 | $0.74 | ||
| Q4 24 | $-0.82 | $0.70 | ||
| Q3 24 | $-0.19 | $0.69 | ||
| Q2 24 | $0.13 | $0.66 | ||
| Q1 24 | $-0.22 | $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 | $429.0M | $83.5M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.8B | $910.9M |
| 总资产 | $7.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNSCSC
| Q4 25 | $429.0M | $83.5M | ||
| Q3 25 | $468.0M | $124.9M | ||
| Q2 25 | $399.0M | $126.2M | ||
| Q1 25 | $334.0M | $146.3M | ||
| Q4 24 | $340.0M | $110.5M | ||
| Q3 24 | $330.0M | $145.0M | ||
| Q2 24 | $335.0M | $185.5M | ||
| Q1 24 | $552.0M | $159.1M |
总债务HUNSCSC
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益HUNSCSC
| Q4 25 | $2.8B | $910.9M | ||
| Q3 25 | $2.8B | $914.0M | ||
| Q2 25 | $2.8B | $906.4M | ||
| Q1 25 | $3.0B | $901.7M | ||
| Q4 24 | $3.0B | $900.7M | ||
| Q3 24 | $3.1B | $920.9M | ||
| Q2 24 | $3.1B | $924.3M | ||
| Q1 24 | $3.2B | $944.1M |
总资产HUNSCSC
| Q4 25 | $7.0B | $1.7B | ||
| Q3 25 | $7.1B | $1.7B | ||
| Q2 25 | $7.1B | $1.8B | ||
| Q1 25 | $7.2B | $1.7B | ||
| Q4 24 | $7.1B | $1.7B | ||
| Q3 24 | $7.3B | $1.8B | ||
| Q2 24 | $7.3B | $1.8B | ||
| Q1 24 | $7.6B | $1.8B |
负债/权益比HUNSCSC
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $76.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 1.4% | 3.8% |
| 资本支出强度资本支出/营收 | 4.2% | 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 | $116.0M | — |
8季度趋势，按日历期对齐
经营现金流HUNSCSC
| Q4 25 | $76.0M | $30.8M | ||
| Q3 25 | $196.0M | $23.2M | ||
| Q2 25 | $91.0M | — | ||
| Q1 25 | $-74.0M | $66.1M | ||
| Q4 24 | $153.0M | $-6.2M | ||
| Q3 24 | $129.0M | $44.8M | ||
| Q2 24 | $46.0M | — | ||
| Q1 24 | $-65.0M | $160.2M |
自由现金流HUNSCSC
| Q4 25 | $19.0M | $28.9M | ||
| Q3 25 | $153.0M | $20.8M | ||
| Q2 25 | $54.0M | — | ||
| Q1 25 | $-110.0M | $64.6M | ||
| Q4 24 | $102.0M | $-8.2M | ||
| Q3 24 | $88.0M | $42.5M | ||
| Q2 24 | $-4.0M | — | ||
| Q1 24 | $-107.0M | $157.7M |
自由现金流率HUNSCSC
| Q4 25 | 1.4% | 3.8% | ||
| Q3 25 | 10.5% | 2.8% | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | -7.8% | 9.2% | ||
| Q4 24 | 7.0% | -1.1% | ||
| Q3 24 | 5.7% | 5.5% | ||
| Q2 24 | -0.3% | — | ||
| Q1 24 | -7.3% | 21.0% |
资本支出强度HUNSCSC
| Q4 25 | 4.2% | 0.3% | ||
| Q3 25 | 2.9% | 0.3% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 3.5% | 0.3% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 3.2% | 0.2% | ||
| Q1 24 | 2.9% | 0.3% |
现金转化率HUNSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | 2.09× | — | ||
| 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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
