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Koppers Holdings Inc.（KOP）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Koppers Holdings Inc.的1.8倍（$766.5M vs $432.7M），Koppers Holdings Inc.净利率更高（6.9% vs 2.2%，领先4.7%），SCANSOURCE, INC.同比增速更快（2.5% vs -9.3%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $28.5M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -6.7%）
科佩斯控股是一家全球性化工与材料企业，总部位于美国宾夕法尼亚州匹兹堡，入驻建于1920年代的装饰艺术风格摩天大楼科佩斯大厦，在全球范围内开展相关业务经营。
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。
KOP vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.8倍
$432.7M
营收增速更快
SCSC
高出11.8%
-9.3%
净利率更高
KOP
高出4.7%
2.2%
自由现金流更多
SCSC
多$366.0K
$28.5M
两年增速更快
SCSC
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $432.7M | $766.5M |
| 净利润 | $29.7M | $16.5M |
| 毛利率 | 25.6% | 13.4% |
| 营业利润率 | 11.5% | 2.3% |
| 净利率 | 6.9% | 2.2% |
| 营收同比 | -9.3% | 2.5% |
| 净利润同比 | 391.2% | -3.3% |
| 每股收益（稀释后） | $1.44 | $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KOPSCSC
| Q4 25 | $432.7M | $766.5M | ||
| Q3 25 | $485.3M | $739.6M | ||
| Q2 25 | $504.8M | $812.9M | ||
| Q1 25 | $456.5M | $704.8M | ||
| Q4 24 | $477.0M | $747.5M | ||
| Q3 24 | $554.3M | $775.6M | ||
| Q2 24 | $563.2M | $746.1M | ||
| Q1 24 | $497.6M | $752.6M |
净利润KOPSCSC
| Q4 25 | $29.7M | $16.5M | ||
| Q3 25 | $23.8M | $19.9M | ||
| Q2 25 | $16.4M | $20.1M | ||
| Q1 25 | $-13.9M | $17.4M | ||
| Q4 24 | $-10.2M | $17.1M | ||
| Q3 24 | $22.8M | $17.0M | ||
| Q2 24 | $26.8M | $16.1M | ||
| Q1 24 | $13.0M | $12.8M |
毛利率KOPSCSC
| Q4 25 | 25.6% | 13.4% | ||
| Q3 25 | 24.1% | 14.5% | ||
| Q2 25 | 22.6% | 12.9% | ||
| Q1 25 | 23.2% | 14.2% | ||
| Q4 24 | 17.5% | 13.6% | ||
| Q3 24 | 21.9% | 13.1% | ||
| Q2 24 | 21.6% | 13.0% | ||
| Q1 24 | 19.3% | 12.6% |
营业利润率KOPSCSC
| Q4 25 | 11.5% | 2.3% | ||
| Q3 25 | 10.7% | 3.5% | ||
| Q2 25 | 7.7% | 3.3% | ||
| Q1 25 | 5.9% | 3.2% | ||
| Q4 24 | 1.3% | 2.5% | ||
| Q3 24 | 9.0% | 2.3% | ||
| Q2 24 | 10.2% | 2.9% | ||
| Q1 24 | 7.0% | 2.3% |
净利率KOPSCSC
| Q4 25 | 6.9% | 2.2% | ||
| Q3 25 | 4.9% | 2.7% | ||
| Q2 25 | 3.2% | 2.5% | ||
| Q1 25 | -3.0% | 2.5% | ||
| Q4 24 | -2.1% | 2.3% | ||
| Q3 24 | 4.1% | 2.2% | ||
| Q2 24 | 4.8% | 2.2% | ||
| Q1 24 | 2.6% | 1.7% |
每股收益（稀释后）KOPSCSC
| Q4 25 | $1.44 | $0.75 | ||
| Q3 25 | $1.17 | $0.89 | ||
| Q2 25 | $0.81 | $0.87 | ||
| Q1 25 | $-0.68 | $0.74 | ||
| Q4 24 | $-0.47 | $0.70 | ||
| Q3 24 | $1.09 | $0.69 | ||
| Q2 24 | $1.25 | $0.66 | ||
| Q1 24 | $0.59 | $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 | — | $83.5M |
| 总债务越低越好 | $928.3M | — |
| 股东权益账面价值 | $574.0M | $910.9M |
| 总资产 | $1.9B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.62× | — |
8季度趋势，按日历期对齐
现金及短期投资KOPSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | — | $124.9M | ||
| Q2 25 | — | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | — | $185.5M | ||
| Q1 24 | — | $159.1M |
总债务KOPSCSC
| Q4 25 | $928.3M | — | ||
| Q3 25 | $932.9M | — | ||
| Q2 25 | $977.5M | — | ||
| Q1 25 | $989.0M | — | ||
| Q4 24 | $939.5M | — | ||
| Q3 24 | $989.4M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $877.6M | — |
股东权益KOPSCSC
| Q4 25 | $574.0M | $910.9M | ||
| Q3 25 | $545.6M | $914.0M | ||
| Q2 25 | $526.8M | $906.4M | ||
| Q1 25 | $498.0M | $901.7M | ||
| Q4 24 | $488.7M | $900.7M | ||
| Q3 24 | $532.3M | $920.9M | ||
| Q2 24 | $509.2M | $924.3M | ||
| Q1 24 | $505.8M | $944.1M |
总资产KOPSCSC
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $1.8B | $1.8B |
负债/权益比KOPSCSC
| Q4 25 | 1.62× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 1.92× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 1.97× | — | ||
| Q1 24 | 1.74× | — |
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 | $45.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $28.5M | $28.9M |
| 自由现金流率自由现金流/营收 | 6.6% | 3.8% |
| 资本支出强度资本支出/营收 | 3.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.52× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $67.5M | — |
8季度趋势，按日历期对齐
经营现金流KOPSCSC
| Q4 25 | $45.1M | $30.8M | ||
| Q3 25 | $49.6M | $23.2M | ||
| Q2 25 | $50.5M | — | ||
| Q1 25 | $-22.7M | $66.1M | ||
| Q4 24 | $74.7M | $-6.2M | ||
| Q3 24 | $29.8M | $44.8M | ||
| Q2 24 | $27.2M | — | ||
| Q1 24 | $-12.3M | $160.2M |
自由现金流KOPSCSC
| Q4 25 | $28.5M | $28.9M | ||
| Q3 25 | $37.6M | $20.8M | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $-37.0M | $64.6M | ||
| Q4 24 | $56.1M | $-8.2M | ||
| Q3 24 | $14.4M | $42.5M | ||
| Q2 24 | $10.1M | — | ||
| Q1 24 | $-38.6M | $157.7M |
自由现金流率KOPSCSC
| Q4 25 | 6.6% | 3.8% | ||
| Q3 25 | 7.7% | 2.8% | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.1% | 9.2% | ||
| Q4 24 | 11.8% | -1.1% | ||
| Q3 24 | 2.6% | 5.5% | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | -7.8% | 21.0% |
资本支出强度KOPSCSC
| Q4 25 | 3.8% | 0.3% | ||
| Q3 25 | 2.5% | 0.3% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | 3.1% | 0.2% | ||
| Q4 24 | 3.9% | 0.3% | ||
| Q3 24 | 2.8% | 0.3% | ||
| Q2 24 | 3.0% | 0.2% | ||
| Q1 24 | 5.3% | 0.3% |
现金转化率KOPSCSC
| Q4 25 | 1.52× | 1.87× | ||
| Q3 25 | 2.08× | 1.17× | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 1.31× | 2.64× | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | -0.95× | 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
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
