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Liberty Latin America Ltd.（LILA）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Liberty Latin America Ltd.的季度营收约是SCANSOURCE, INC.的1.5倍（$1.2B vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -4.7%，领先6.9%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.7%），Liberty Latin America Ltd.自由现金流更多（$320.1M vs $28.9M），过去两年Liberty Latin America Ltd.的营收复合增速更高（2.7% vs 0.9%）
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
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。
LILA vs SCSC — 直观对比
营收规模更大
LILA
是对方的1.5倍
$766.5M
营收增速更快
SCSC
高出0.9%
1.7%
净利率更高
SCSC
高出6.9%
-4.7%
自由现金流更多
LILA
多$291.2M
$28.9M
两年增速更快
LILA
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $766.5M |
| 净利润 | $-54.8M | $16.5M |
| 毛利率 | 77.3% | 13.4% |
| 营业利润率 | 10.8% | 2.3% |
| 净利率 | -4.7% | 2.2% |
| 营收同比 | 1.7% | 2.5% |
| 净利润同比 | 74.0% | -3.3% |
| 每股收益（稀释后） | $-0.27 | $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LILASCSC
| Q4 25 | $1.2B | $766.5M | ||
| Q3 25 | $1.1B | $739.6M | ||
| Q2 25 | $1.1B | $812.9M | ||
| Q1 25 | $1.1B | $704.8M | ||
| Q4 24 | $1.1B | $747.5M | ||
| Q3 24 | $1.1B | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | $1.1B | $752.6M |
净利润LILASCSC
| Q4 25 | $-54.8M | $16.5M | ||
| Q3 25 | $3.3M | $19.9M | ||
| Q2 25 | $-423.3M | $20.1M | ||
| Q1 25 | $-136.4M | $17.4M | ||
| Q4 24 | $-210.4M | $17.1M | ||
| Q3 24 | $-435.8M | $17.0M | ||
| Q2 24 | $-42.7M | $16.1M | ||
| Q1 24 | $-500.0K | $12.8M |
毛利率LILASCSC
| Q4 25 | 77.3% | 13.4% | ||
| Q3 25 | 77.7% | 14.5% | ||
| Q2 25 | 78.6% | 12.9% | ||
| Q1 25 | 78.5% | 14.2% | ||
| Q4 24 | 76.1% | 13.6% | ||
| Q3 24 | 78.7% | 13.1% | ||
| Q2 24 | 78.1% | 13.0% | ||
| Q1 24 | 78.2% | 12.6% |
营业利润率LILASCSC
| Q4 25 | 10.8% | 2.3% | ||
| Q3 25 | 16.9% | 3.5% | ||
| Q2 25 | -30.6% | 3.3% | ||
| Q1 25 | 11.8% | 3.2% | ||
| Q4 24 | 8.7% | 2.5% | ||
| Q3 24 | -34.9% | 2.3% | ||
| Q2 24 | 9.9% | 2.9% | ||
| Q1 24 | 8.4% | 2.3% |
净利率LILASCSC
| Q4 25 | -4.7% | 2.2% | ||
| Q3 25 | 0.3% | 2.7% | ||
| Q2 25 | -39.0% | 2.5% | ||
| Q1 25 | -12.6% | 2.5% | ||
| Q4 24 | -18.5% | 2.3% | ||
| Q3 24 | -40.0% | 2.2% | ||
| Q2 24 | -3.8% | 2.2% | ||
| Q1 24 | -0.0% | 1.7% |
每股收益（稀释后）LILASCSC
| Q4 25 | $-0.27 | $0.75 | ||
| Q3 25 | $0.02 | $0.89 | ||
| Q2 25 | $-2.12 | $0.87 | ||
| Q1 25 | $-0.69 | $0.74 | ||
| Q4 24 | $-1.03 | $0.70 | ||
| Q3 24 | $-2.22 | $0.69 | ||
| Q2 24 | $-0.22 | $0.66 | ||
| Q1 24 | $0.00 | $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 | $783.9M | $83.5M |
| 总债务越低越好 | $7.9B | — |
| 股东权益账面价值 | $555.6M | $910.9M |
| 总资产 | $12.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 14.17× | — |
8季度趋势，按日历期对齐
现金及短期投资LILASCSC
| Q4 25 | $783.9M | $83.5M | ||
| Q3 25 | $596.7M | $124.9M | ||
| Q2 25 | $514.4M | $126.2M | ||
| Q1 25 | $575.5M | $146.3M | ||
| Q4 24 | $654.3M | $110.5M | ||
| Q3 24 | $588.6M | $145.0M | ||
| Q2 24 | $598.6M | $185.5M | ||
| Q1 24 | $668.5M | $159.1M |
总债务LILASCSC
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.6B | — | ||
| Q1 24 | $7.6B | — |
股东权益LILASCSC
| Q4 25 | $555.6M | $910.9M | ||
| Q3 25 | $628.9M | $914.0M | ||
| Q2 25 | $608.4M | $906.4M | ||
| Q1 25 | $1.0B | $901.7M | ||
| Q4 24 | $1.1B | $900.7M | ||
| Q3 24 | $1.2B | $920.9M | ||
| Q2 24 | $1.7B | $924.3M | ||
| Q1 24 | $1.7B | $944.1M |
总资产LILASCSC
| Q4 25 | $12.2B | $1.7B | ||
| Q3 25 | $12.0B | $1.7B | ||
| Q2 25 | $12.0B | $1.8B | ||
| Q1 25 | $12.6B | $1.7B | ||
| Q4 24 | $12.8B | $1.7B | ||
| Q3 24 | $12.7B | $1.8B | ||
| Q2 24 | $13.2B | $1.8B | ||
| Q1 24 | $13.3B | $1.8B |
负债/权益比LILASCSC
| Q4 25 | 14.17× | — | ||
| Q3 25 | 12.45× | — | ||
| Q2 25 | 12.50× | — | ||
| Q1 25 | 7.47× | — | ||
| Q4 24 | 6.99× | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 4.59× | — | ||
| Q1 24 | 4.38× | — |
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 | $461.9M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $320.1M | $28.9M |
| 自由现金流率自由现金流/营收 | 27.6% | 3.8% |
| 资本支出强度资本支出/营收 | 12.2% | 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 | $305.9M | — |
8季度趋势，按日历期对齐
经营现金流LILASCSC
| Q4 25 | $461.9M | $30.8M | ||
| Q3 25 | $178.2M | $23.2M | ||
| Q2 25 | $141.2M | — | ||
| Q1 25 | $24.6M | $66.1M | ||
| Q4 24 | $398.6M | $-6.2M | ||
| Q3 24 | $177.5M | $44.8M | ||
| Q2 24 | $156.9M | — | ||
| Q1 24 | $23.3M | $160.2M |
自由现金流LILASCSC
| Q4 25 | $320.1M | $28.9M | ||
| Q3 25 | $56.0M | $20.8M | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $-72.1M | $64.6M | ||
| Q4 24 | $234.9M | $-8.2M | ||
| Q3 24 | $51.0M | $42.5M | ||
| Q2 24 | $16.4M | — | ||
| Q1 24 | $-86.4M | $157.7M |
自由现金流率LILASCSC
| Q4 25 | 27.6% | 3.8% | ||
| Q3 25 | 5.0% | 2.8% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -6.7% | 9.2% | ||
| Q4 24 | 20.6% | -1.1% | ||
| Q3 24 | 4.7% | 5.5% | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | -7.9% | 21.0% |
资本支出强度LILASCSC
| Q4 25 | 12.2% | 0.3% | ||
| Q3 25 | 11.0% | 0.3% | ||
| Q2 25 | 12.8% | 0.3% | ||
| Q1 25 | 8.9% | 0.2% | ||
| Q4 24 | 14.4% | 0.3% | ||
| Q3 24 | 11.6% | 0.3% | ||
| Q2 24 | 12.6% | 0.2% | ||
| Q1 24 | 10.0% | 0.3% |
现金转化率LILASCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 54.00× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
