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KIRBY CORP（KEX）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
KIRBY CORP的季度营收约是SCANSOURCE, INC.的1.1倍（$851.8M vs $766.5M），KIRBY CORP净利率更高（10.8% vs 2.2%，领先8.6%），KIRBY CORP同比增速更快（6.2% vs 2.5%），KIRBY CORP自由现金流更多（$265.2M vs $28.9M），过去两年KIRBY CORP的营收复合增速更高（2.7% vs 0.9%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
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。
KEX vs SCSC — 直观对比
营收规模更大
KEX
是对方的1.1倍
$766.5M
营收增速更快
KEX
高出3.6%
2.5%
净利率更高
KEX
高出8.6%
2.2%
自由现金流更多
KEX
多$236.3M
$28.9M
两年增速更快
KEX
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $766.5M |
| 净利润 | $91.8M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 15.2% | 2.3% |
| 净利率 | 10.8% | 2.2% |
| 营收同比 | 6.2% | 2.5% |
| 净利润同比 | 114.4% | -3.3% |
| 每股收益（稀释后） | $1.68 | $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KEXSCSC
| Q4 25 | $851.8M | $766.5M | ||
| Q3 25 | $871.2M | $739.6M | ||
| Q2 25 | $855.5M | $812.9M | ||
| Q1 25 | $785.7M | $704.8M | ||
| Q4 24 | $802.3M | $747.5M | ||
| Q3 24 | $831.1M | $775.6M | ||
| Q2 24 | $824.4M | $746.1M | ||
| Q1 24 | $808.0M | $752.6M |
净利润KEXSCSC
| Q4 25 | $91.8M | $16.5M | ||
| Q3 25 | $92.5M | $19.9M | ||
| Q2 25 | $94.3M | $20.1M | ||
| Q1 25 | $76.0M | $17.4M | ||
| Q4 24 | $42.8M | $17.1M | ||
| Q3 24 | $90.0M | $17.0M | ||
| Q2 24 | $83.9M | $16.1M | ||
| Q1 24 | $70.1M | $12.8M |
毛利率KEXSCSC
| 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KEXSCSC
| Q4 25 | 15.2% | 2.3% | ||
| Q3 25 | 14.8% | 3.5% | ||
| Q2 25 | 15.4% | 3.3% | ||
| Q1 25 | 13.4% | 3.2% | ||
| Q4 24 | 6.3% | 2.5% | ||
| Q3 24 | 15.3% | 2.3% | ||
| Q2 24 | 14.6% | 2.9% | ||
| Q1 24 | 12.6% | 2.3% |
净利率KEXSCSC
| Q4 25 | 10.8% | 2.2% | ||
| Q3 25 | 10.6% | 2.7% | ||
| Q2 25 | 11.0% | 2.5% | ||
| Q1 25 | 9.7% | 2.5% | ||
| Q4 24 | 5.3% | 2.3% | ||
| Q3 24 | 10.8% | 2.2% | ||
| Q2 24 | 10.2% | 2.2% | ||
| Q1 24 | 8.7% | 1.7% |
每股收益（稀释后）KEXSCSC
| Q4 25 | $1.68 | $0.75 | ||
| Q3 25 | $1.65 | $0.89 | ||
| Q2 25 | $1.67 | $0.87 | ||
| Q1 25 | $1.33 | $0.74 | ||
| Q4 24 | $0.74 | $0.70 | ||
| Q3 24 | $1.55 | $0.69 | ||
| Q2 24 | $1.43 | $0.66 | ||
| Q1 24 | $1.19 | $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 | $78.8M | $83.5M |
| 总债务越低越好 | $919.3M | — |
| 股东权益账面价值 | $3.4B | $910.9M |
| 总资产 | $6.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资KEXSCSC
| Q4 25 | $78.8M | $83.5M | ||
| Q3 25 | $47.0M | $124.9M | ||
| Q2 25 | $68.4M | $126.2M | ||
| Q1 25 | $51.1M | $146.3M | ||
| Q4 24 | $74.4M | $110.5M | ||
| Q3 24 | $67.1M | $145.0M | ||
| Q2 24 | $53.5M | $185.5M | ||
| Q1 24 | $75.2M | $159.1M |
总债务KEXSCSC
| Q4 25 | $919.3M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $874.9M | — | ||
| Q3 24 | $978.6M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.1B | — |
股东权益KEXSCSC
| Q4 25 | $3.4B | $910.9M | ||
| Q3 25 | $3.4B | $914.0M | ||
| Q2 25 | $3.4B | $906.4M | ||
| Q1 25 | $3.3B | $901.7M | ||
| Q4 24 | $3.4B | $900.7M | ||
| Q3 24 | $3.3B | $920.9M | ||
| Q2 24 | $3.3B | $924.3M | ||
| Q1 24 | $3.2B | $944.1M |
总资产KEXSCSC
| Q4 25 | $6.0B | $1.7B | ||
| Q3 25 | $6.1B | $1.7B | ||
| Q2 25 | $6.1B | $1.8B | ||
| Q1 25 | $6.0B | $1.7B | ||
| Q4 24 | $5.9B | $1.7B | ||
| Q3 24 | $5.9B | $1.8B | ||
| Q2 24 | $5.9B | $1.8B | ||
| Q1 24 | $5.8B | $1.8B |
负债/权益比KEXSCSC
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | 0.33× | — |
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 | $312.2M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $28.9M |
| 自由现金流率自由现金流/营收 | 31.1% | 3.8% |
| 资本支出强度资本支出/营收 | 5.5% | 0.3% |
| 现金转化率经营现金流/净利润 | 3.40× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $405.7M | — |
8季度趋势，按日历期对齐
经营现金流KEXSCSC
| Q4 25 | $312.2M | $30.8M | ||
| Q3 25 | $227.5M | $23.2M | ||
| Q2 25 | $93.9M | — | ||
| Q1 25 | $36.5M | $66.1M | ||
| Q4 24 | $247.4M | $-6.2M | ||
| Q3 24 | $206.5M | $44.8M | ||
| Q2 24 | $179.3M | — | ||
| Q1 24 | $123.3M | $160.2M |
自由现金流KEXSCSC
| Q4 25 | $265.2M | $28.9M | ||
| Q3 25 | $160.3M | $20.8M | ||
| Q2 25 | $22.4M | — | ||
| Q1 25 | $-42.1M | $64.6M | ||
| Q4 24 | $150.7M | $-8.2M | ||
| Q3 24 | $130.1M | $42.5M | ||
| Q2 24 | $90.8M | — | ||
| Q1 24 | $42.2M | $157.7M |
自由现金流率KEXSCSC
| Q4 25 | 31.1% | 3.8% | ||
| Q3 25 | 18.4% | 2.8% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | -5.4% | 9.2% | ||
| Q4 24 | 18.8% | -1.1% | ||
| Q3 24 | 15.7% | 5.5% | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 5.2% | 21.0% |
资本支出强度KEXSCSC
| Q4 25 | 5.5% | 0.3% | ||
| Q3 25 | 7.7% | 0.3% | ||
| Q2 25 | 8.4% | 0.3% | ||
| Q1 25 | 10.0% | 0.2% | ||
| Q4 24 | 12.0% | 0.3% | ||
| Q3 24 | 9.2% | 0.3% | ||
| Q2 24 | 10.7% | 0.2% | ||
| Q1 24 | 10.0% | 0.3% |
现金转化率KEXSCSC
| Q4 25 | 3.40× | 1.87× | ||
| Q3 25 | 2.46× | 1.17× | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 0.48× | 3.79× | ||
| Q4 24 | 5.78× | -0.36× | ||
| Q3 24 | 2.30× | 2.64× | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 1.76× | 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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 3% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
