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LCI INDUSTRIES（LCII）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
LCI INDUSTRIES的季度营收约是SCANSOURCE, INC.的1.2倍（$932.7M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs 2.0%，领先0.1%），LCI INDUSTRIES同比增速更快（16.1% vs 2.5%），LCI INDUSTRIES自由现金流更多（$64.3M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -1.8%）
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
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。
LCII vs SCSC — 直观对比
营收规模更大
LCII
是对方的1.2倍
$766.5M
营收增速更快
LCII
高出13.6%
2.5%
净利率更高
SCSC
高出0.1%
2.0%
自由现金流更多
LCII
多$35.4M
$28.9M
两年增速更快
SCSC
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $766.5M |
| 净利润 | $18.7M | $16.5M |
| 毛利率 | 22.1% | 13.4% |
| 营业利润率 | 3.8% | 2.3% |
| 净利率 | 2.0% | 2.2% |
| 营收同比 | 16.1% | 2.5% |
| 净利润同比 | 95.7% | -3.3% |
| 每股收益（稀释后） | $0.79 | $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LCIISCSC
| Q4 25 | $932.7M | $766.5M | ||
| Q3 25 | $1.0B | $739.6M | ||
| Q2 25 | $1.1B | $812.9M | ||
| Q1 25 | $1.0B | $704.8M | ||
| Q4 24 | $803.1M | $747.5M | ||
| Q3 24 | $915.5M | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | $968.0M | $752.6M |
净利润LCIISCSC
| Q4 25 | $18.7M | $16.5M | ||
| Q3 25 | $62.5M | $19.9M | ||
| Q2 25 | $57.6M | $20.1M | ||
| Q1 25 | $49.4M | $17.4M | ||
| Q4 24 | $9.5M | $17.1M | ||
| Q3 24 | $35.6M | $17.0M | ||
| Q2 24 | $61.2M | $16.1M | ||
| Q1 24 | $36.5M | $12.8M |
毛利率LCIISCSC
| Q4 25 | 22.1% | 13.4% | ||
| Q3 25 | 24.4% | 14.5% | ||
| Q2 25 | 24.4% | 12.9% | ||
| Q1 25 | 24.1% | 14.2% | ||
| Q4 24 | 21.1% | 13.6% | ||
| Q3 24 | 24.0% | 13.1% | ||
| Q2 24 | 25.3% | 13.0% | ||
| Q1 24 | 23.1% | 12.6% |
营业利润率LCIISCSC
| Q4 25 | 3.8% | 2.3% | ||
| Q3 25 | 7.3% | 3.5% | ||
| Q2 25 | 7.9% | 3.3% | ||
| Q1 25 | 7.8% | 3.2% | ||
| Q4 24 | 2.0% | 2.5% | ||
| Q3 24 | 5.9% | 2.3% | ||
| Q2 24 | 8.6% | 2.9% | ||
| Q1 24 | 6.0% | 2.3% |
净利率LCIISCSC
| Q4 25 | 2.0% | 2.2% | ||
| Q3 25 | 6.0% | 2.7% | ||
| Q2 25 | 5.2% | 2.5% | ||
| Q1 25 | 4.7% | 2.5% | ||
| Q4 24 | 1.2% | 2.3% | ||
| Q3 24 | 3.9% | 2.2% | ||
| Q2 24 | 5.8% | 2.2% | ||
| Q1 24 | 3.8% | 1.7% |
每股收益（稀释后）LCIISCSC
| Q4 25 | $0.79 | $0.75 | ||
| Q3 25 | $2.55 | $0.89 | ||
| Q2 25 | $2.29 | $0.87 | ||
| Q1 25 | $1.94 | $0.74 | ||
| Q4 24 | $0.37 | $0.70 | ||
| Q3 24 | $1.39 | $0.69 | ||
| Q2 24 | $2.40 | $0.66 | ||
| Q1 24 | $1.44 | $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 | $222.6M | $83.5M |
| 总债务越低越好 | $945.2M | — |
| 股东权益账面价值 | $1.4B | $910.9M |
| 总资产 | $3.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资LCIISCSC
| Q4 25 | $222.6M | $83.5M | ||
| Q3 25 | $199.7M | $124.9M | ||
| Q2 25 | $191.9M | $126.2M | ||
| Q1 25 | $231.2M | $146.3M | ||
| Q4 24 | $165.8M | $110.5M | ||
| Q3 24 | $161.2M | $145.0M | ||
| Q2 24 | $130.4M | $185.5M | ||
| Q1 24 | $22.6M | $159.1M |
总债务LCIISCSC
| Q4 25 | $945.2M | — | ||
| Q3 25 | $947.8M | — | ||
| Q2 25 | $948.0M | — | ||
| Q1 25 | $938.3M | — | ||
| Q4 24 | $757.3M | — | ||
| Q3 24 | $822.5M | — | ||
| Q2 24 | $829.7M | — | ||
| Q1 24 | $855.3M | — |
股东权益LCIISCSC
| Q4 25 | $1.4B | $910.9M | ||
| Q3 25 | $1.4B | $914.0M | ||
| Q2 25 | $1.4B | $906.4M | ||
| Q1 25 | $1.4B | $901.7M | ||
| Q4 24 | $1.4B | $900.7M | ||
| Q3 24 | $1.4B | $920.9M | ||
| Q2 24 | $1.4B | $924.3M | ||
| Q1 24 | $1.4B | $944.1M |
总资产LCIISCSC
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B | ||
| Q1 24 | $3.0B | $1.8B |
负债/权益比LCIISCSC
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.63× | — |
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 | $78.9M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $28.9M |
| 自由现金流率自由现金流/营收 | 6.9% | 3.8% |
| 资本支出强度资本支出/营收 | 1.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 4.22× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $278.3M | — |
8季度趋势，按日历期对齐
经营现金流LCIISCSC
| Q4 25 | $78.9M | $30.8M | ||
| Q3 25 | $97.2M | $23.2M | ||
| Q2 25 | $112.2M | — | ||
| Q1 25 | $42.7M | $66.1M | ||
| Q4 24 | $106.6M | $-6.2M | ||
| Q3 24 | $78.4M | $44.8M | ||
| Q2 24 | $192.9M | — | ||
| Q1 24 | $-7.7M | $160.2M |
自由现金流LCIISCSC
| Q4 25 | $64.3M | $28.9M | ||
| Q3 25 | $80.9M | $20.8M | ||
| Q2 25 | $99.5M | — | ||
| Q1 25 | $33.7M | $64.6M | ||
| Q4 24 | $95.7M | $-8.2M | ||
| Q3 24 | $68.3M | $42.5M | ||
| Q2 24 | $180.2M | — | ||
| Q1 24 | $-16.3M | $157.7M |
自由现金流率LCIISCSC
| Q4 25 | 6.9% | 3.8% | ||
| Q3 25 | 7.8% | 2.8% | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 3.2% | 9.2% | ||
| Q4 24 | 11.9% | -1.1% | ||
| Q3 24 | 7.5% | 5.5% | ||
| Q2 24 | 17.1% | — | ||
| Q1 24 | -1.7% | 21.0% |
资本支出强度LCIISCSC
| Q4 25 | 1.6% | 0.3% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.1% | 0.3% | ||
| Q2 24 | 1.2% | 0.2% | ||
| Q1 24 | 0.9% | 0.3% |
现金转化率LCIISCSC
| Q4 25 | 4.22× | 1.87× | ||
| Q3 25 | 1.55× | 1.17× | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 0.86× | 3.79× | ||
| Q4 24 | 11.17× | -0.36× | ||
| Q3 24 | 2.20× | 2.64× | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.21× | 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
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
