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IAC Inc.（IAC）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IAC Inc.的1.8倍（$766.5M vs $422.9M），SCANSOURCE, INC.净利率更高（2.2% vs -17.0%，领先19.2%），SCANSOURCE, INC.同比增速更快（2.5% vs -12.2%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $2.0M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -18.4%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
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。
IAC vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.8倍
$422.9M
营收增速更快
SCSC
高出14.8%
-12.2%
净利率更高
SCSC
高出19.2%
-17.0%
自由现金流更多
SCSC
多$26.9M
$2.0M
两年增速更快
SCSC
近两年复合增速
-18.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $422.9M | $766.5M |
| 净利润 | $-71.9M | $16.5M |
| 毛利率 | 99.9% | 13.4% |
| 营业利润率 | — | 2.3% |
| 净利率 | -17.0% | 2.2% |
| 营收同比 | -12.2% | 2.5% |
| 净利润同比 | 67.1% | -3.3% |
| 每股收益（稀释后） | $-0.94 | $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IACSCSC
| Q1 26 | $422.9M | — | ||
| Q4 25 | $646.0M | $766.5M | ||
| Q3 25 | $589.8M | $739.6M | ||
| Q2 25 | $586.9M | $812.9M | ||
| Q1 25 | $570.5M | $704.8M | ||
| Q4 24 | $721.4M | $747.5M | ||
| Q3 24 | $642.0M | $775.6M | ||
| Q2 24 | $634.4M | $746.1M |
净利润IACSCSC
| Q1 26 | $-71.9M | — | ||
| Q4 25 | $-76.8M | $16.5M | ||
| Q3 25 | $-21.9M | $19.9M | ||
| Q2 25 | $211.5M | $20.1M | ||
| Q1 25 | $-216.8M | $17.4M | ||
| Q4 24 | $-199.0M | $17.1M | ||
| Q3 24 | $-243.7M | $17.0M | ||
| Q2 24 | $-142.2M | $16.1M |
毛利率IACSCSC
| Q1 26 | 99.9% | — | ||
| Q4 25 | 69.8% | 13.4% | ||
| Q3 25 | 64.8% | 14.5% | ||
| Q2 25 | 65.6% | 12.9% | ||
| Q1 25 | 64.0% | 14.2% | ||
| Q4 24 | 65.8% | 13.6% | ||
| Q3 24 | 62.1% | 13.1% | ||
| Q2 24 | 60.1% | 13.0% |
营业利润率IACSCSC
| Q1 26 | — | — | ||
| Q4 25 | -17.5% | 2.3% | ||
| Q3 25 | -3.5% | 3.5% | ||
| Q2 25 | 0.1% | 3.3% | ||
| Q1 25 | 6.3% | 3.2% | ||
| Q4 24 | 6.7% | 2.5% | ||
| Q3 24 | 1.3% | 2.3% | ||
| Q2 24 | -3.4% | 2.9% |
净利率IACSCSC
| Q1 26 | -17.0% | — | ||
| Q4 25 | -11.9% | 2.2% | ||
| Q3 25 | -3.7% | 2.7% | ||
| Q2 25 | 36.0% | 2.5% | ||
| Q1 25 | -38.0% | 2.5% | ||
| Q4 24 | -27.6% | 2.3% | ||
| Q3 24 | -38.0% | 2.2% | ||
| Q2 24 | -22.4% | 2.2% |
每股收益（稀释后）IACSCSC
| Q1 26 | $-0.94 | — | ||
| Q4 25 | $-0.96 | $0.75 | ||
| Q3 25 | $-0.27 | $0.89 | ||
| Q2 25 | $2.57 | $0.87 | ||
| Q1 25 | $-2.64 | $0.74 | ||
| Q4 24 | $-2.36 | $0.70 | ||
| Q3 24 | $-2.93 | $0.69 | ||
| Q2 24 | $-1.71 | $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 | $1.1B | $83.5M |
| 总债务越低越好 | $24.5M | — |
| 股东权益账面价值 | $4.6B | $910.9M |
| 总资产 | $6.8B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资IACSCSC
| Q1 26 | $1.1B | — | ||
| Q4 25 | $960.2M | $83.5M | ||
| Q3 25 | $1.0B | $124.9M | ||
| Q2 25 | $1.1B | $126.2M | ||
| Q1 25 | $1.2B | $146.3M | ||
| Q4 24 | $1.4B | $110.5M | ||
| Q3 24 | $1.3B | $145.0M | ||
| Q2 24 | $1.3B | $185.5M |
总债务IACSCSC
| Q1 26 | $24.5M | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IACSCSC
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.7B | $910.9M | ||
| Q3 25 | $4.8B | $914.0M | ||
| Q2 25 | $4.9B | $906.4M | ||
| Q1 25 | $4.7B | $901.7M | ||
| Q4 24 | $5.6B | $900.7M | ||
| Q3 24 | $5.8B | $920.9M | ||
| Q2 24 | $6.0B | $924.3M |
总资产IACSCSC
| Q1 26 | $6.8B | — | ||
| Q4 25 | $7.1B | $1.7B | ||
| Q3 25 | $7.2B | $1.7B | ||
| Q2 25 | $7.4B | $1.8B | ||
| Q1 25 | $7.2B | $1.7B | ||
| Q4 24 | $9.7B | $1.7B | ||
| Q3 24 | $9.8B | $1.8B | ||
| Q2 24 | $10.2B | $1.8B |
负债/权益比IACSCSC
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.30× | — | ||
| 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 | $5.4M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $2.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 0.5% | 3.8% |
| 资本支出强度资本支出/营收 | 1.9% | 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 | $51.4M | — |
8季度趋势，按日历期对齐
经营现金流IACSCSC
| Q1 26 | $5.4M | — | ||
| Q4 25 | $36.6M | $30.8M | ||
| Q3 25 | $30.1M | $23.2M | ||
| Q2 25 | $-2.8M | — | ||
| Q1 25 | $63.0K | $66.1M | ||
| Q4 24 | $110.1M | $-6.2M | ||
| Q3 24 | $95.3M | $44.8M | ||
| Q2 24 | $85.0M | — |
自由现金流IACSCSC
| Q1 26 | $2.0M | — | ||
| Q4 25 | $31.4M | $28.9M | ||
| Q3 25 | $25.3M | $20.8M | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $-4.6M | $64.6M | ||
| Q4 24 | $104.8M | $-8.2M | ||
| Q3 24 | $92.0M | $42.5M | ||
| Q2 24 | $81.6M | — |
自由现金流率IACSCSC
| Q1 26 | 0.5% | — | ||
| Q4 25 | 4.9% | 3.8% | ||
| Q3 25 | 4.3% | 2.8% | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -0.8% | 9.2% | ||
| Q4 24 | 14.5% | -1.1% | ||
| Q3 24 | 14.3% | 5.5% | ||
| Q2 24 | 12.9% | — |
资本支出强度IACSCSC
| Q1 26 | 1.9% | — | ||
| Q4 25 | 0.8% | 0.3% | ||
| Q3 25 | 0.8% | 0.3% | ||
| Q2 25 | 0.8% | 0.3% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.7% | 0.3% | ||
| Q3 24 | 0.5% | 0.3% | ||
| Q2 24 | 0.5% | 0.2% |
现金转化率IACSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — |
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
IAC
| People Inc. (a) | $385.7M | 91% |
| Emerging & Other | $20.1M | 5% |
| Search | $17.1M | 4% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
