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美泰（MAT）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是SCANSOURCE, INC.的1.1倍（$862.2M vs $766.5M），美泰净利率更高（7.1% vs 2.2%，领先4.9%），美泰同比增速更快（4.3% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-88.1M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -10.6%）
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
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。
MAT vs SCSC — 直观对比
营收规模更大
MAT
是对方的1.1倍
$766.5M
营收增速更快
MAT
高出1.8%
2.5%
净利率更高
MAT
高出4.9%
2.2%
自由现金流更多
SCSC
多$117.0M
$-88.1M
两年增速更快
SCSC
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $766.5M |
| 净利润 | $61.0M | $16.5M |
| 毛利率 | 44.9% | 13.4% |
| 营业利润率 | — | 2.3% |
| 净利率 | 7.1% | 2.2% |
| 营收同比 | 4.3% | 2.5% |
| 净利润同比 | 251.4% | -3.3% |
| 每股收益（稀释后） | $0.20 | $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MATSCSC
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $766.5M | ||
| Q3 25 | $1.7B | $739.6M | ||
| Q2 25 | $1.0B | $812.9M | ||
| Q1 25 | $826.6M | $704.8M | ||
| Q4 24 | $1.6B | $747.5M | ||
| Q3 24 | $1.8B | $775.6M | ||
| Q2 24 | $1.1B | $746.1M |
净利润MATSCSC
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $16.5M | ||
| Q3 25 | $278.4M | $19.9M | ||
| Q2 25 | $53.4M | $20.1M | ||
| Q1 25 | $-40.3M | $17.4M | ||
| Q4 24 | $140.9M | $17.1M | ||
| Q3 24 | $372.4M | $17.0M | ||
| Q2 24 | $56.9M | $16.1M |
毛利率MATSCSC
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 13.4% | ||
| Q3 25 | 50.0% | 14.5% | ||
| Q2 25 | 50.9% | 12.9% | ||
| Q1 25 | 49.4% | 14.2% | ||
| Q4 24 | 50.7% | 13.6% | ||
| Q3 24 | 53.1% | 13.1% | ||
| Q2 24 | 49.2% | 13.0% |
营业利润率MATSCSC
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 2.3% | ||
| Q3 25 | 21.9% | 3.5% | ||
| Q2 25 | 7.7% | 3.3% | ||
| Q1 25 | -6.4% | 3.2% | ||
| Q4 24 | 9.6% | 2.5% | ||
| Q3 24 | 26.5% | 2.3% | ||
| Q2 24 | 7.7% | 2.9% |
净利率MATSCSC
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 2.2% | ||
| Q3 25 | 16.0% | 2.7% | ||
| Q2 25 | 5.2% | 2.5% | ||
| Q1 25 | -4.9% | 2.5% | ||
| Q4 24 | 8.6% | 2.3% | ||
| Q3 24 | 20.2% | 2.2% | ||
| Q2 24 | 5.3% | 2.2% |
每股收益（稀释后）MATSCSC
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.75 | ||
| Q3 25 | $0.88 | $0.89 | ||
| Q2 25 | $0.16 | $0.87 | ||
| Q1 25 | $-0.12 | $0.74 | ||
| Q4 24 | $0.40 | $0.70 | ||
| Q3 24 | $1.09 | $0.69 | ||
| Q2 24 | $0.17 | $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 | $866.0M | $83.5M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $910.9M |
| 总资产 | $6.3B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资MATSCSC
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $83.5M | ||
| Q3 25 | $691.9M | $124.9M | ||
| Q2 25 | $870.5M | $126.2M | ||
| Q1 25 | $1.2B | $146.3M | ||
| Q4 24 | $1.4B | $110.5M | ||
| Q3 24 | $723.5M | $145.0M | ||
| Q2 24 | $722.4M | $185.5M |
总债务MATSCSC
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATSCSC
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $910.9M | ||
| Q3 25 | $2.3B | $914.0M | ||
| Q2 25 | $2.2B | $906.4M | ||
| Q1 25 | $2.1B | $901.7M | ||
| Q4 24 | $2.3B | $900.7M | ||
| Q3 24 | $2.3B | $920.9M | ||
| Q2 24 | $2.0B | $924.3M |
总资产MATSCSC
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $1.7B | ||
| Q3 25 | $6.6B | $1.7B | ||
| Q2 25 | $6.2B | $1.8B | ||
| Q1 25 | $6.2B | $1.7B | ||
| Q4 24 | $6.5B | $1.7B | ||
| Q3 24 | $6.5B | $1.8B | ||
| Q2 24 | $5.9B | $1.8B |
负债/权益比MATSCSC
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | — |
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 | $-88.1M | $28.9M |
| 自由现金流率自由现金流/营收 | -10.2% | 3.8% |
| 资本支出强度资本支出/营收 | 7.6% | 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MATSCSC
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $30.8M | ||
| Q3 25 | $72.0M | $23.2M | ||
| Q2 25 | $-300.1M | — | ||
| Q1 25 | $24.8M | $66.1M | ||
| Q4 24 | $862.1M | $-6.2M | ||
| Q3 24 | $155.8M | $44.8M | ||
| Q2 24 | $-252.9M | — |
自由现金流MATSCSC
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — |
自由现金流率MATSCSC
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — |
资本支出强度MATSCSC
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% |
现金转化率MATSCSC
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.87× | ||
| Q3 25 | 0.26× | 1.17× | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 6.12× | -0.36× | ||
| Q3 24 | 0.42× | 2.64× | ||
| Q2 24 | -4.45× | — |
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
MAT
暂无分部数据
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
