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Mid-America Apartment Communities（MAA）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Mid-America Apartment Communities的1.4倍（$766.5M vs $553.7M），Mid-America Apartment Communities同比增速更快（438.7% vs 2.5%），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs 0.7%）
Mid-America Apartment Communities（股票代码：MAA）是一家公开上市的房地产投资信托基金，总部位于美国田纳西州孟菲斯市，核心业务为投资美国东南部及西南部地区的公寓物业，深耕美国高增长区域住宅不动产赛道，为股东创造稳定的长期投资回报。
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。
MAA vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.4倍
$553.7M
营收增速更快
MAA
高出436.2%
2.5%
两年增速更快
SCSC
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $553.7M | $766.5M |
| 净利润 | — | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | — | 2.3% |
| 净利率 | — | 2.2% |
| 营收同比 | 438.7% | 2.5% |
| 净利润同比 | — | -3.3% |
| 每股收益（稀释后） | $4.34 | $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MAASCSC
| Q1 26 | $553.7M | — | ||
| Q4 25 | $555.6M | $766.5M | ||
| Q3 25 | $554.4M | $739.6M | ||
| Q2 25 | $549.9M | $812.9M | ||
| Q1 25 | $549.3M | $704.8M | ||
| Q4 24 | $549.8M | $747.5M | ||
| Q3 24 | $551.1M | $775.6M | ||
| Q2 24 | $546.4M | $746.1M |
净利润MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $16.5M | ||
| Q3 25 | $99.5M | $19.9M | ||
| Q2 25 | $108.1M | $20.1M | ||
| Q1 25 | $181.7M | $17.4M | ||
| Q4 24 | $166.6M | $17.1M | ||
| Q3 24 | $115.2M | $17.0M | ||
| Q2 24 | $102.0M | $16.1M |
毛利率MAASCSC
| Q1 26 | — | — | ||
| 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% |
营业利润率MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 2.3% | ||
| Q3 25 | 18.7% | 3.5% | ||
| Q2 25 | 20.2% | 3.3% | ||
| Q1 25 | 34.0% | 3.2% | ||
| Q4 24 | 31.3% | 2.5% | ||
| Q3 24 | 21.5% | 2.3% | ||
| Q2 24 | 19.3% | 2.9% |
净利率MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 2.2% | ||
| Q3 25 | 18.0% | 2.7% | ||
| Q2 25 | 19.7% | 2.5% | ||
| Q1 25 | 33.1% | 2.5% | ||
| Q4 24 | 30.3% | 2.3% | ||
| Q3 24 | 20.9% | 2.2% | ||
| Q2 24 | 18.7% | 2.2% |
每股收益（稀释后）MAASCSC
| Q1 26 | $4.34 | — | ||
| Q4 25 | $0.48 | $0.75 | ||
| Q3 25 | $0.84 | $0.89 | ||
| Q2 25 | $0.92 | $0.87 | ||
| Q1 25 | $1.54 | $0.74 | ||
| Q4 24 | $1.43 | $0.70 | ||
| Q3 24 | $0.98 | $0.69 | ||
| Q2 24 | $0.86 | $0.66 |
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 | — | — |
| 股东权益账面价值 | — | $910.9M |
| 总资产 | — | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | $60.3M | $83.5M | ||
| Q3 25 | $32.2M | $124.9M | ||
| Q2 25 | $54.5M | $126.2M | ||
| Q1 25 | $55.8M | $146.3M | ||
| Q4 24 | $43.0M | $110.5M | ||
| Q3 24 | $50.2M | $145.0M | ||
| Q2 24 | $62.8M | $185.5M |
股东权益MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | $5.7B | $910.9M | ||
| Q3 25 | $5.8B | $914.0M | ||
| Q2 25 | $5.9B | $906.4M | ||
| Q1 25 | $5.9B | $901.7M | ||
| Q4 24 | $5.9B | $900.7M | ||
| Q3 24 | $5.9B | $920.9M | ||
| Q2 24 | $6.0B | $924.3M |
总资产MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | $12.0B | $1.7B | ||
| Q3 25 | $11.9B | $1.7B | ||
| Q2 25 | $11.8B | $1.8B | ||
| Q1 25 | $11.8B | $1.7B | ||
| Q4 24 | $11.8B | $1.7B | ||
| Q3 24 | $11.8B | $1.8B | ||
| Q2 24 | $11.6B | $1.8B |
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 | — | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | $261.7M | $30.8M | ||
| Q3 25 | $266.4M | $23.2M | ||
| Q2 25 | $353.4M | — | ||
| Q1 25 | $196.6M | $66.1M | ||
| Q4 24 | $239.1M | $-6.2M | ||
| Q3 24 | $309.5M | $44.8M | ||
| Q2 24 | $349.4M | — |
自由现金流MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | $158.6M | $28.9M | ||
| Q3 25 | $170.8M | $20.8M | ||
| Q2 25 | $264.5M | — | ||
| Q1 25 | $124.0M | $64.6M | ||
| Q4 24 | $152.6M | $-8.2M | ||
| Q3 24 | $215.5M | $42.5M | ||
| Q2 24 | $259.7M | — |
自由现金流率MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | 28.5% | 3.8% | ||
| Q3 25 | 30.8% | 2.8% | ||
| Q2 25 | 48.1% | — | ||
| Q1 25 | 22.6% | 9.2% | ||
| Q4 24 | 27.8% | -1.1% | ||
| Q3 24 | 39.1% | 5.5% | ||
| Q2 24 | 47.5% | — |
资本支出强度MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 0.3% | ||
| Q3 25 | 17.2% | 0.3% | ||
| Q2 25 | 16.2% | 0.3% | ||
| Q1 25 | 13.2% | 0.2% | ||
| Q4 24 | 15.7% | 0.3% | ||
| Q3 24 | 17.1% | 0.3% | ||
| Q2 24 | 16.4% | 0.2% |
现金转化率MAASCSC
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 1.87× | ||
| Q3 25 | 2.68× | 1.17× | ||
| Q2 25 | 3.27× | — | ||
| Q1 25 | 1.08× | 3.79× | ||
| Q4 24 | 1.43× | -0.36× | ||
| Q3 24 | 2.69× | 2.64× | ||
| Q2 24 | 3.43× | — |
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
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
