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力特（LFUS）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.的季度营收约是力特的1.3倍（$766.5M vs $593.9M），SCANSOURCE, INC.净利率更高（2.2% vs -40.8%，领先42.9%），力特同比增速更快（12.2% vs 2.5%），力特自由现金流更多（$119.7M vs $28.9M），过去两年力特的营收复合增速更高（5.3% vs 0.9%）
力特是全球领先的电路保护、传感及控制组件制造商，主营保险丝、半导体保护器件、功率开关、传感器、断路器等产品，服务汽车、工业电子、消费电子、通信及可再生能源等领域，为全球客户提供提升设备安全可靠性的解决方案。
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。
LFUS vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.3倍
$593.9M
营收增速更快
LFUS
高出9.6%
2.5%
净利率更高
SCSC
高出42.9%
-40.8%
自由现金流更多
LFUS
多$90.9M
$28.9M
两年增速更快
LFUS
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $593.9M | $766.5M |
| 净利润 | $-242.1M | $16.5M |
| 毛利率 | 38.0% | 13.4% |
| 营业利润率 | -37.5% | 2.3% |
| 净利率 | -40.8% | 2.2% |
| 营收同比 | 12.2% | 2.5% |
| 净利润同比 | -367.6% | -3.3% |
| 每股收益（稀释后） | $-9.71 | $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LFUSSCSC
| Q4 25 | $593.9M | $766.5M | ||
| Q3 25 | $624.6M | $739.6M | ||
| Q2 25 | $613.4M | $812.9M | ||
| Q1 25 | $554.3M | $704.8M | ||
| Q4 24 | $529.5M | $747.5M | ||
| Q3 24 | $567.4M | $775.6M | ||
| Q2 24 | $558.5M | $746.1M | ||
| Q1 24 | $535.4M | $752.6M |
净利润LFUSSCSC
| Q4 25 | $-242.1M | $16.5M | ||
| Q3 25 | $69.5M | $19.9M | ||
| Q2 25 | $57.3M | $20.1M | ||
| Q1 25 | $43.6M | $17.4M | ||
| Q4 24 | $-51.8M | $17.1M | ||
| Q3 24 | $58.1M | $17.0M | ||
| Q2 24 | $45.5M | $16.1M | ||
| Q1 24 | $48.5M | $12.8M |
毛利率LFUSSCSC
| Q4 25 | 38.0% | 13.4% | ||
| Q3 25 | 38.6% | 14.5% | ||
| Q2 25 | 37.8% | 12.9% | ||
| Q1 25 | 37.4% | 14.2% | ||
| Q4 24 | 33.4% | 13.6% | ||
| Q3 24 | 38.1% | 13.1% | ||
| Q2 24 | 37.1% | 13.0% | ||
| Q1 24 | 35.1% | 12.6% |
营业利润率LFUSSCSC
| Q4 25 | -37.5% | 2.3% | ||
| Q3 25 | 15.6% | 3.5% | ||
| Q2 25 | 15.1% | 3.3% | ||
| Q1 25 | 12.7% | 3.2% | ||
| Q4 24 | -9.3% | 2.5% | ||
| Q3 24 | 15.5% | 2.3% | ||
| Q2 24 | 11.7% | 2.9% | ||
| Q1 24 | 10.3% | 2.3% |
净利率LFUSSCSC
| Q4 25 | -40.8% | 2.2% | ||
| Q3 25 | 11.1% | 2.7% | ||
| Q2 25 | 9.3% | 2.5% | ||
| Q1 25 | 7.9% | 2.5% | ||
| Q4 24 | -9.8% | 2.3% | ||
| Q3 24 | 10.2% | 2.2% | ||
| Q2 24 | 8.1% | 2.2% | ||
| Q1 24 | 9.0% | 1.7% |
每股收益（稀释后）LFUSSCSC
| Q4 25 | $-9.71 | $0.75 | ||
| Q3 25 | $2.77 | $0.89 | ||
| Q2 25 | $2.30 | $0.87 | ||
| Q1 25 | $1.75 | $0.74 | ||
| Q4 24 | $-2.07 | $0.70 | ||
| Q3 24 | $2.32 | $0.69 | ||
| Q2 24 | $1.82 | $0.66 | ||
| Q1 24 | $1.93 | $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 | $563.7M | $83.5M |
| 总债务越低越好 | $802.6M | — |
| 股东权益账面价值 | $2.4B | $910.9M |
| 总资产 | $4.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资LFUSSCSC
| Q4 25 | $563.7M | $83.5M | ||
| Q3 25 | $815.0M | $124.9M | ||
| Q2 25 | $685.5M | $126.2M | ||
| Q1 25 | $619.7M | $146.3M | ||
| Q4 24 | $725.9M | $110.5M | ||
| Q3 24 | $630.7M | $145.0M | ||
| Q2 24 | $562.7M | $185.5M | ||
| Q1 24 | $562.4M | $159.1M |
总债务LFUSSCSC
| Q4 25 | $802.6M | — | ||
| Q3 25 | $805.8M | — | ||
| Q2 25 | $810.2M | — | ||
| Q1 25 | $805.7M | — | ||
| Q4 24 | $856.1M | — | ||
| Q3 24 | $867.7M | — | ||
| Q2 24 | $863.5M | — | ||
| Q1 24 | $866.7M | — |
股东权益LFUSSCSC
| Q4 25 | $2.4B | $910.9M | ||
| Q3 25 | $2.7B | $914.0M | ||
| Q2 25 | $2.6B | $906.4M | ||
| Q1 25 | $2.5B | $901.7M | ||
| Q4 24 | $2.4B | $900.7M | ||
| Q3 24 | $2.6B | $920.9M | ||
| Q2 24 | $2.5B | $924.3M | ||
| Q1 24 | $2.5B | $944.1M |
总资产LFUSSCSC
| Q4 25 | $4.0B | $1.7B | ||
| Q3 25 | $4.2B | $1.7B | ||
| Q2 25 | $4.1B | $1.8B | ||
| Q1 25 | $3.9B | $1.7B | ||
| Q4 24 | $3.9B | $1.7B | ||
| Q3 24 | $4.1B | $1.8B | ||
| Q2 24 | $3.9B | $1.8B | ||
| Q1 24 | $3.9B | $1.8B |
负债/权益比LFUSSCSC
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.35× | — |
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 | $138.7M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $119.7M | $28.9M |
| 自由现金流率自由现金流/营收 | 20.2% | 3.8% |
| 资本支出强度资本支出/营收 | 3.2% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $366.1M | — |
8季度趋势，按日历期对齐
经营现金流LFUSSCSC
| Q4 25 | $138.7M | $30.8M | ||
| Q3 25 | $146.9M | $23.2M | ||
| Q2 25 | $82.5M | — | ||
| Q1 25 | $65.8M | $66.1M | ||
| Q4 24 | $160.6M | $-6.2M | ||
| Q3 24 | $80.4M | $44.8M | ||
| Q2 24 | $69.4M | — | ||
| Q1 24 | $57.1M | $160.2M |
自由现金流LFUSSCSC
| Q4 25 | $119.7M | $28.9M | ||
| Q3 25 | $131.2M | $20.8M | ||
| Q2 25 | $72.6M | — | ||
| Q1 25 | $42.7M | $64.6M | ||
| Q4 24 | $134.8M | $-8.2M | ||
| Q3 24 | $65.0M | $42.5M | ||
| Q2 24 | $50.3M | — | ||
| Q1 24 | $41.6M | $157.7M |
自由现金流率LFUSSCSC
| Q4 25 | 20.2% | 3.8% | ||
| Q3 25 | 21.0% | 2.8% | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 7.7% | 9.2% | ||
| Q4 24 | 25.5% | -1.1% | ||
| Q3 24 | 11.5% | 5.5% | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 7.8% | 21.0% |
资本支出强度LFUSSCSC
| Q4 25 | 3.2% | 0.3% | ||
| Q3 25 | 2.5% | 0.3% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 4.2% | 0.2% | ||
| Q4 24 | 4.9% | 0.3% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 3.4% | 0.2% | ||
| Q1 24 | 2.9% | 0.3% |
现金转化率LFUSSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 2.11× | 1.17× | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 1.51× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 1.39× | 2.64× | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.18× | 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
LFUS
| Electronics Passive Products And Sensors | $174.9M | 29% |
| Electronics Semiconductor | $170.3M | 29% |
| Industrial Products | $85.0M | 14% |
| Commercial Vehicle Products | $76.2M | 13% |
| Passenger Car Products | $72.8M | 12% |
| Automotive Sensors | $14.7M | 2% |
| Dortmund Fab | $12.5M | 2% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
