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Mativ Holdings, Inc.（MATV）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Mativ Holdings, Inc.的1.7倍（$766.5M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 2.2%，领先19.6%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.0%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $8.0M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -3.8%）
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
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。
MATV vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.7倍
$463.1M
营收增速更快
SCSC
高出1.6%
1.0%
净利率更高
MATV
高出19.6%
2.2%
自由现金流更多
SCSC
多$20.9M
$8.0M
两年增速更快
SCSC
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $766.5M |
| 净利润 | $100.8M | $16.5M |
| 毛利率 | 18.8% | 13.4% |
| 营业利润率 | 2.2% | 2.3% |
| 净利率 | 21.8% | 2.2% |
| 营收同比 | 1.0% | 2.5% |
| 净利润同比 | 6620.0% | -3.3% |
| 每股收益（稀释后） | $1.87 | $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MATVSCSC
| Q4 25 | $463.1M | $766.5M | ||
| Q3 25 | $513.7M | $739.6M | ||
| Q2 25 | $525.4M | $812.9M | ||
| Q1 25 | $484.8M | $704.8M | ||
| Q4 24 | $458.6M | $747.5M | ||
| Q3 24 | $498.5M | $775.6M | ||
| Q2 24 | $523.8M | $746.1M | ||
| Q1 24 | $500.2M | $752.6M |
净利润MATVSCSC
| Q4 25 | $100.8M | $16.5M | ||
| Q3 25 | $-3.2M | $19.9M | ||
| Q2 25 | $-9.5M | $20.1M | ||
| Q1 25 | $-425.5M | $17.4M | ||
| Q4 24 | $1.5M | $17.1M | ||
| Q3 24 | $-20.8M | $17.0M | ||
| Q2 24 | $-1.4M | $16.1M | ||
| Q1 24 | $-28.0M | $12.8M |
毛利率MATVSCSC
| Q4 25 | 18.8% | 13.4% | ||
| Q3 25 | 19.3% | 14.5% | ||
| Q2 25 | 19.7% | 12.9% | ||
| Q1 25 | 15.0% | 14.2% | ||
| Q4 24 | 16.9% | 13.6% | ||
| Q3 24 | 18.8% | 13.1% | ||
| Q2 24 | 20.8% | 13.0% | ||
| Q1 24 | 16.8% | 12.6% |
营业利润率MATVSCSC
| Q4 25 | 2.2% | 2.3% | ||
| Q3 25 | 3.1% | 3.5% | ||
| Q2 25 | 3.8% | 3.3% | ||
| Q1 25 | -88.8% | 3.2% | ||
| Q4 24 | 0.6% | 2.5% | ||
| Q3 24 | 1.4% | 2.3% | ||
| Q2 24 | 2.0% | 2.9% | ||
| Q1 24 | -2.8% | 2.3% |
净利率MATVSCSC
| Q4 25 | 21.8% | 2.2% | ||
| Q3 25 | -0.6% | 2.7% | ||
| Q2 25 | -1.8% | 2.5% | ||
| Q1 25 | -87.8% | 2.5% | ||
| Q4 24 | 0.3% | 2.3% | ||
| Q3 24 | -4.2% | 2.2% | ||
| Q2 24 | -0.3% | 2.2% | ||
| Q1 24 | -5.6% | 1.7% |
每股收益（稀释后）MATVSCSC
| Q4 25 | $1.87 | $0.75 | ||
| Q3 25 | $-0.06 | $0.89 | ||
| Q2 25 | $-0.18 | $0.87 | ||
| Q1 25 | $-7.82 | $0.74 | ||
| Q4 24 | $0.03 | $0.70 | ||
| Q3 24 | $-0.38 | $0.69 | ||
| Q2 24 | $-0.03 | $0.66 | ||
| Q1 24 | $-0.52 | $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 | $84.2M | $83.5M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $910.9M |
| 总资产 | $2.1B | $1.7B |
| 负债/权益比越低杠杆越低 | 2.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MATVSCSC
| Q4 25 | $84.2M | $83.5M | ||
| Q3 25 | $97.1M | $124.9M | ||
| Q2 25 | $95.6M | $126.2M | ||
| Q1 25 | $84.0M | $146.3M | ||
| Q4 24 | $94.3M | $110.5M | ||
| Q3 24 | $162.2M | $145.0M | ||
| Q2 24 | $133.4M | $185.5M | ||
| Q1 24 | $128.9M | $159.1M |
总债务MATVSCSC
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVSCSC
| Q4 25 | $498.7M | $910.9M | ||
| Q3 25 | $397.4M | $914.0M | ||
| Q2 25 | $416.6M | $906.4M | ||
| Q1 25 | $428.2M | $901.7M | ||
| Q4 24 | $858.5M | $900.7M | ||
| Q3 24 | $882.3M | $920.9M | ||
| Q2 24 | $898.0M | $924.3M | ||
| Q1 24 | $906.9M | $944.1M |
总资产MATVSCSC
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.7B | $1.8B |
负债/权益比MATVSCSC
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.29× | — | ||
| Q1 24 | 1.30× | — |
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 | $19.3M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 1.7% | 3.8% |
| 资本支出强度资本支出/营收 | 2.4% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.19× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $93.8M | — |
8季度趋势，按日历期对齐
经营现金流MATVSCSC
| Q4 25 | $19.3M | $30.8M | ||
| Q3 25 | $72.8M | $23.2M | ||
| Q2 25 | $57.6M | — | ||
| Q1 25 | $-15.9M | $66.1M | ||
| Q4 24 | $24.1M | $-6.2M | ||
| Q3 24 | $37.6M | $44.8M | ||
| Q2 24 | $46.1M | — | ||
| Q1 24 | $-13.0M | $160.2M |
自由现金流MATVSCSC
| Q4 25 | $8.0M | $28.9M | ||
| Q3 25 | $66.7M | $20.8M | ||
| Q2 25 | $48.9M | — | ||
| Q1 25 | $-29.8M | $64.6M | ||
| Q4 24 | $2.0M | $-8.2M | ||
| Q3 24 | $25.5M | $42.5M | ||
| Q2 24 | $37.4M | — | ||
| Q1 24 | $-25.1M | $157.7M |
自由现金流率MATVSCSC
| Q4 25 | 1.7% | 3.8% | ||
| Q3 25 | 13.0% | 2.8% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | -6.1% | 9.2% | ||
| Q4 24 | 0.4% | -1.1% | ||
| Q3 24 | 5.1% | 5.5% | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | -5.0% | 21.0% |
资本支出强度MATVSCSC
| Q4 25 | 2.4% | 0.3% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 1.7% | 0.3% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 4.8% | 0.3% | ||
| Q3 24 | 2.4% | 0.3% | ||
| Q2 24 | 1.7% | 0.2% | ||
| Q1 24 | 2.4% | 0.3% |
现金转化率MATVSCSC
| Q4 25 | 0.19× | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 16.07× | -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
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
