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Loews Corporation（L）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Loews Corporation的季度营收约是SCANSOURCE, INC.的1.1倍（$827.0M vs $766.5M），Loews Corporation净利率更高（48.6% vs 2.2%，领先46.5%），Loews Corporation同比增速更快（4.8% vs 2.5%），Loews Corporation自由现金流更多（$426.0M vs $28.9M），过去两年Loews Corporation的营收复合增速更高（7.9% vs 0.9%）
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
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。
L vs SCSC — 直观对比
营收规模更大
L
是对方的1.1倍
$766.5M
营收增速更快
L
高出2.3%
2.5%
净利率更高
L
高出46.5%
2.2%
自由现金流更多
L
多$397.1M
$28.9M
两年增速更快
L
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $827.0M | $766.5M |
| 净利润 | $402.0M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 65.4% | 2.3% |
| 净利率 | 48.6% | 2.2% |
| 营收同比 | 4.8% | 2.5% |
| 净利润同比 | 115.0% | -3.3% |
| 每股收益（稀释后） | $1.93 | $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LSCSC
| Q4 25 | $827.0M | $766.5M | ||
| Q3 25 | $732.0M | $739.6M | ||
| Q2 25 | $769.0M | $812.9M | ||
| Q1 25 | $846.0M | $704.8M | ||
| Q4 24 | $789.0M | $747.5M | ||
| Q3 24 | $683.0M | $775.6M | ||
| Q2 24 | $711.0M | $746.1M | ||
| Q1 24 | $710.0M | $752.6M |
净利润LSCSC
| Q4 25 | $402.0M | $16.5M | ||
| Q3 25 | $504.0M | $19.9M | ||
| Q2 25 | $391.0M | $20.1M | ||
| Q1 25 | $370.0M | $17.4M | ||
| Q4 24 | $187.0M | $17.1M | ||
| Q3 24 | $401.0M | $17.0M | ||
| Q2 24 | $369.0M | $16.1M | ||
| Q1 24 | $457.0M | $12.8M |
毛利率LSCSC
| 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LSCSC
| Q4 25 | 65.4% | 2.3% | ||
| Q3 25 | 94.1% | 3.5% | ||
| Q2 25 | 70.1% | 3.3% | ||
| Q1 25 | 60.8% | 3.2% | ||
| Q4 24 | 23.8% | 2.5% | ||
| Q3 24 | 80.5% | 2.3% | ||
| Q2 24 | 71.3% | 2.9% | ||
| Q1 24 | 88.6% | 2.3% |
净利率LSCSC
| Q4 25 | 48.6% | 2.2% | ||
| Q3 25 | 68.9% | 2.7% | ||
| Q2 25 | 50.8% | 2.5% | ||
| Q1 25 | 43.7% | 2.5% | ||
| Q4 24 | 23.7% | 2.3% | ||
| Q3 24 | 58.7% | 2.2% | ||
| Q2 24 | 51.9% | 2.2% | ||
| Q1 24 | 64.4% | 1.7% |
每股收益（稀释后）LSCSC
| Q4 25 | $1.93 | $0.75 | ||
| Q3 25 | $2.43 | $0.89 | ||
| Q2 25 | $1.87 | $0.87 | ||
| Q1 25 | $1.74 | $0.74 | ||
| Q4 24 | $0.87 | $0.70 | ||
| Q3 24 | $1.82 | $0.69 | ||
| Q2 24 | $1.67 | $0.66 | ||
| Q1 24 | $2.05 | $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 | $6.0B | $83.5M |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $18.7B | $910.9M |
| 总资产 | $86.3B | $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LSCSC
| Q4 25 | $6.0B | $83.5M | ||
| Q3 25 | $5.4B | $124.9M | ||
| Q2 25 | $4.5B | $126.2M | ||
| Q1 25 | $4.4B | $146.3M | ||
| Q4 24 | $4.6B | $110.5M | ||
| Q3 24 | $5.2B | $145.0M | ||
| Q2 24 | $4.9B | $185.5M | ||
| Q1 24 | $5.4B | $159.1M |
总债务LSCSC
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.8B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.4B | — |
股东权益LSCSC
| Q4 25 | $18.7B | $910.9M | ||
| Q3 25 | $18.3B | $914.0M | ||
| Q2 25 | $17.5B | $906.4M | ||
| Q1 25 | $17.2B | $901.7M | ||
| Q4 24 | $17.1B | $900.7M | ||
| Q3 24 | $17.4B | $920.9M | ||
| Q2 24 | $16.4B | $924.3M | ||
| Q1 24 | $16.2B | $944.1M |
总资产LSCSC
| Q4 25 | $86.3B | $1.7B | ||
| Q3 25 | $85.9B | $1.7B | ||
| Q2 25 | $84.7B | $1.8B | ||
| Q1 25 | $83.1B | $1.7B | ||
| Q4 24 | $81.9B | $1.7B | ||
| Q3 24 | $83.6B | $1.8B | ||
| Q2 24 | $81.1B | $1.8B | ||
| Q1 24 | $80.9B | $1.8B |
负债/权益比LSCSC
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.52× | — | ||
| Q1 24 | 0.52× | — |
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 | $617.0M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $426.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 51.5% | 3.8% |
| 资本支出强度资本支出/营收 | 23.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.53× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $2.7B | — |
8季度趋势，按日历期对齐
经营现金流LSCSC
| Q4 25 | $617.0M | $30.8M | ||
| Q3 25 | $920.0M | $23.2M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $736.0M | $66.1M | ||
| Q4 24 | $941.0M | $-6.2M | ||
| Q3 24 | $934.0M | $44.8M | ||
| Q2 24 | $952.0M | — | ||
| Q1 24 | $198.0M | $160.2M |
自由现金流LSCSC
| Q4 25 | $426.0M | $28.9M | ||
| Q3 25 | $764.0M | $20.8M | ||
| Q2 25 | $872.0M | — | ||
| Q1 25 | $638.0M | $64.6M | ||
| Q4 24 | $767.0M | $-8.2M | ||
| Q3 24 | $794.0M | $42.5M | ||
| Q2 24 | $793.0M | — | ||
| Q1 24 | $39.0M | $157.7M |
自由现金流率LSCSC
| Q4 25 | 51.5% | 3.8% | ||
| Q3 25 | 104.4% | 2.8% | ||
| Q2 25 | 113.4% | — | ||
| Q1 25 | 75.4% | 9.2% | ||
| Q4 24 | 97.2% | -1.1% | ||
| Q3 24 | 116.3% | 5.5% | ||
| Q2 24 | 111.5% | — | ||
| Q1 24 | 5.5% | 21.0% |
资本支出强度LSCSC
| Q4 25 | 23.1% | 0.3% | ||
| Q3 25 | 21.3% | 0.3% | ||
| Q2 25 | 17.4% | 0.3% | ||
| Q1 25 | 11.6% | 0.2% | ||
| Q4 24 | 22.1% | 0.3% | ||
| Q3 24 | 20.5% | 0.3% | ||
| Q2 24 | 22.4% | 0.2% | ||
| Q1 24 | 22.4% | 0.3% |
现金转化率LSCSC
| Q4 25 | 1.53× | 1.87× | ||
| Q3 25 | 1.83× | 1.17× | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | 1.99× | 3.79× | ||
| Q4 24 | 5.03× | -0.36× | ||
| Q3 24 | 2.33× | 2.64× | ||
| Q2 24 | 2.58× | — | ||
| Q1 24 | 0.43× | 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
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
