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肯纳金属（KMT）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.的季度营收约是肯纳金属的1.4倍（$766.5M vs $529.5M），肯纳金属净利率更高（6.4% vs 2.2%，领先4.2%），肯纳金属同比增速更快（9.8% vs 2.5%），肯纳金属自由现金流更多（$42.4M vs $28.9M），过去两年肯纳金属的营收复合增速更高（1.3% vs 0.9%）
肯纳金属是高性能切削工具及工程部件制造商，产品广泛应用于航空航天、国防、交通运输、油气钻探等领域，业务覆盖全球市场，为各行业客户提供适配高要求作业场景的专业解决方案。
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。
KMT vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.4倍
$529.5M
营收增速更快
KMT
高出7.3%
2.5%
净利率更高
KMT
高出4.2%
2.2%
自由现金流更多
KMT
多$13.5M
$28.9M
两年增速更快
KMT
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $529.5M | $766.5M |
| 净利润 | $33.9M | $16.5M |
| 毛利率 | 32.8% | 13.4% |
| 营业利润率 | 9.9% | 2.3% |
| 净利率 | 6.4% | 2.2% |
| 营收同比 | 9.8% | 2.5% |
| 净利润同比 | 89.0% | -3.3% |
| 每股收益（稀释后） | $0.44 | $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KMTSCSC
| Q4 25 | $529.5M | $766.5M | ||
| Q3 25 | $498.0M | $739.6M | ||
| Q2 25 | $516.4M | $812.9M | ||
| Q1 25 | $486.4M | $704.8M | ||
| Q4 24 | $482.1M | $747.5M | ||
| Q3 24 | $481.9M | $775.6M | ||
| Q2 24 | $543.3M | $746.1M | ||
| Q1 24 | $515.8M | $752.6M |
净利润KMTSCSC
| Q4 25 | $33.9M | $16.5M | ||
| Q3 25 | $23.3M | $19.9M | ||
| Q2 25 | $21.6M | $20.1M | ||
| Q1 25 | $31.5M | $17.4M | ||
| Q4 24 | $17.9M | $17.1M | ||
| Q3 24 | $22.1M | $17.0M | ||
| Q2 24 | $37.2M | $16.1M | ||
| Q1 24 | $19.0M | $12.8M |
毛利率KMTSCSC
| Q4 25 | 32.8% | 13.4% | ||
| Q3 25 | 31.0% | 14.5% | ||
| Q2 25 | 28.2% | 12.9% | ||
| Q1 25 | 32.1% | 14.2% | ||
| Q4 24 | 30.1% | 13.6% | ||
| Q3 24 | 31.3% | 13.1% | ||
| Q2 24 | 31.5% | 13.0% | ||
| Q1 24 | 29.7% | 12.6% |
营业利润率KMTSCSC
| Q4 25 | 9.9% | 2.3% | ||
| Q3 25 | 7.5% | 3.5% | ||
| Q2 25 | 6.1% | 3.3% | ||
| Q1 25 | 9.1% | 3.2% | ||
| Q4 24 | 6.6% | 2.5% | ||
| Q3 24 | 7.5% | 2.3% | ||
| Q2 24 | 11.3% | 2.9% | ||
| Q1 24 | 6.8% | 2.3% |
净利率KMTSCSC
| Q4 25 | 6.4% | 2.2% | ||
| Q3 25 | 4.7% | 2.7% | ||
| Q2 25 | 4.2% | 2.5% | ||
| Q1 25 | 6.5% | 2.5% | ||
| Q4 24 | 3.7% | 2.3% | ||
| Q3 24 | 4.6% | 2.2% | ||
| Q2 24 | 6.8% | 2.2% | ||
| Q1 24 | 3.7% | 1.7% |
每股收益（稀释后）KMTSCSC
| Q4 25 | $0.44 | $0.75 | ||
| Q3 25 | $0.30 | $0.89 | ||
| Q2 25 | $0.28 | $0.87 | ||
| Q1 25 | $0.41 | $0.74 | ||
| Q4 24 | $0.23 | $0.70 | ||
| Q3 24 | $0.28 | $0.69 | ||
| Q2 24 | $0.47 | $0.66 | ||
| Q1 24 | $0.24 | $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 | $129.3M | $83.5M |
| 总债务越低越好 | $597.2M | — |
| 股东权益账面价值 | $1.3B | $910.9M |
| 总资产 | $2.6B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资KMTSCSC
| Q4 25 | $129.3M | $83.5M | ||
| Q3 25 | $103.5M | $124.9M | ||
| Q2 25 | $140.5M | $126.2M | ||
| Q1 25 | $97.5M | $146.3M | ||
| Q4 24 | $121.2M | $110.5M | ||
| Q3 24 | $119.6M | $145.0M | ||
| Q2 24 | $128.0M | $185.5M | ||
| Q1 24 | $92.1M | $159.1M |
总债务KMTSCSC
| Q4 25 | $597.2M | — | ||
| Q3 25 | $597.0M | — | ||
| Q2 25 | $596.8M | — | ||
| Q1 25 | $596.6M | — | ||
| Q4 24 | $596.4M | — | ||
| Q3 24 | $596.2M | — | ||
| Q2 24 | $596.0M | — | ||
| Q1 24 | $595.8M | — |
股东权益KMTSCSC
| Q4 25 | $1.3B | $910.9M | ||
| Q3 25 | $1.3B | $914.0M | ||
| Q2 25 | $1.3B | $906.4M | ||
| Q1 25 | $1.2B | $901.7M | ||
| Q4 24 | $1.2B | $900.7M | ||
| Q3 24 | $1.3B | $920.9M | ||
| Q2 24 | $1.2B | $924.3M | ||
| Q1 24 | $1.3B | $944.1M |
总资产KMTSCSC
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.5B | $1.8B | ||
| Q1 24 | $2.5B | $1.8B |
负债/权益比KMTSCSC
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.49× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.47× | — |
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 | $55.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $42.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 8.0% | 3.8% |
| 资本支出强度资本支出/营收 | 2.4% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.63× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $99.3M | — |
8季度趋势，按日历期对齐
经营现金流KMTSCSC
| Q4 25 | $55.1M | $30.8M | ||
| Q3 25 | $17.5M | $23.2M | ||
| Q2 25 | $78.6M | — | ||
| Q1 25 | $28.8M | $66.1M | ||
| Q4 24 | $55.2M | $-6.2M | ||
| Q3 24 | $45.7M | $44.8M | ||
| Q2 24 | $113.6M | — | ||
| Q1 24 | $75.2M | $160.2M |
自由现金流KMTSCSC
| Q4 25 | $42.4M | $28.9M | ||
| Q3 25 | $-5.5M | $20.8M | ||
| Q2 25 | $57.1M | — | ||
| Q1 25 | $5.3M | $64.6M | ||
| Q4 24 | $35.9M | $-8.2M | ||
| Q3 24 | $21.0M | $42.5M | ||
| Q2 24 | $90.3M | — | ||
| Q1 24 | $48.4M | $157.7M |
自由现金流率KMTSCSC
| Q4 25 | 8.0% | 3.8% | ||
| Q3 25 | -1.1% | 2.8% | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 1.1% | 9.2% | ||
| Q4 24 | 7.5% | -1.1% | ||
| Q3 24 | 4.4% | 5.5% | ||
| Q2 24 | 16.6% | — | ||
| Q1 24 | 9.4% | 21.0% |
资本支出强度KMTSCSC
| Q4 25 | 2.4% | 0.3% | ||
| Q3 25 | 4.6% | 0.3% | ||
| Q2 25 | 4.2% | 0.3% | ||
| Q1 25 | 4.8% | 0.2% | ||
| Q4 24 | 4.0% | 0.3% | ||
| Q3 24 | 5.1% | 0.3% | ||
| Q2 24 | 4.3% | 0.2% | ||
| Q1 24 | 5.2% | 0.3% |
现金转化率KMTSCSC
| Q4 25 | 1.63× | 1.87× | ||
| Q3 25 | 0.75× | 1.17× | ||
| Q2 25 | 3.64× | — | ||
| Q1 25 | 0.92× | 3.79× | ||
| Q4 24 | 3.08× | -0.36× | ||
| Q3 24 | 2.07× | 2.64× | ||
| Q2 24 | 3.06× | — | ||
| Q1 24 | 3.96× | 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
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
