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摩丁制造（MOD）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是SCANSOURCE, INC.的1.1倍（$805.0M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -5.9%，领先8.0%），摩丁制造同比增速更快（30.5% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 0.9%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs SCSC — 直观对比
营收规模更大
MOD
是对方的1.1倍
$766.5M
营收增速更快
MOD
高出28.0%
2.5%
净利率更高
SCSC
高出8.0%
-5.9%
自由现金流更多
SCSC
多$46.0M
$-17.1M
两年增速更快
MOD
近两年复合增速
0.9%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $766.5M |
| 净利润 | $-47.4M | $16.5M |
| 毛利率 | 23.1% | 13.4% |
| 营业利润率 | 11.1% | 2.3% |
| 净利率 | -5.9% | 2.2% |
| 营收同比 | 30.5% | 2.5% |
| 净利润同比 | -215.6% | -3.3% |
| 每股收益（稀释后） | $-0.90 | $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MODSCSC
| Q4 25 | $805.0M | $766.5M | ||
| Q3 25 | $738.9M | $739.6M | ||
| Q2 25 | $682.8M | $812.9M | ||
| Q1 25 | $647.2M | $704.8M | ||
| Q4 24 | $616.8M | $747.5M | ||
| Q3 24 | $658.0M | $775.6M | ||
| Q2 24 | $661.5M | $746.1M | ||
| Q1 24 | $603.5M | $752.6M |
净利润MODSCSC
| Q4 25 | $-47.4M | $16.5M | ||
| Q3 25 | $44.4M | $19.9M | ||
| Q2 25 | $51.2M | $20.1M | ||
| Q1 25 | $49.6M | $17.4M | ||
| Q4 24 | $41.0M | $17.1M | ||
| Q3 24 | $46.1M | $17.0M | ||
| Q2 24 | $47.3M | $16.1M | ||
| Q1 24 | $25.8M | $12.8M |
毛利率MODSCSC
| Q4 25 | 23.1% | 13.4% | ||
| Q3 25 | 22.3% | 14.5% | ||
| Q2 25 | 24.2% | 12.9% | ||
| Q1 25 | 25.6% | 14.2% | ||
| Q4 24 | 24.3% | 13.6% | ||
| Q3 24 | 25.2% | 13.1% | ||
| Q2 24 | 24.6% | 13.0% | ||
| Q1 24 | 22.4% | 12.6% |
营业利润率MODSCSC
| Q4 25 | 11.1% | 2.3% | ||
| Q3 25 | 9.9% | 3.5% | ||
| Q2 25 | 11.1% | 3.3% | ||
| Q1 25 | 11.5% | 3.2% | ||
| Q4 24 | 9.6% | 2.5% | ||
| Q3 24 | 11.4% | 2.3% | ||
| Q2 24 | 11.2% | 2.9% | ||
| Q1 24 | 7.8% | 2.3% |
净利率MODSCSC
| Q4 25 | -5.9% | 2.2% | ||
| Q3 25 | 6.0% | 2.7% | ||
| Q2 25 | 7.5% | 2.5% | ||
| Q1 25 | 7.7% | 2.5% | ||
| Q4 24 | 6.6% | 2.3% | ||
| Q3 24 | 7.0% | 2.2% | ||
| Q2 24 | 7.2% | 2.2% | ||
| Q1 24 | 4.3% | 1.7% |
每股收益（稀释后）MODSCSC
| Q4 25 | $-0.90 | $0.75 | ||
| Q3 25 | $0.83 | $0.89 | ||
| Q2 25 | $0.95 | $0.87 | ||
| Q1 25 | $0.92 | $0.74 | ||
| Q4 24 | $0.76 | $0.70 | ||
| Q3 24 | $0.86 | $0.69 | ||
| Q2 24 | $0.88 | $0.66 | ||
| Q1 24 | $0.48 | $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 | $98.7M | $83.5M |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $910.9M |
| 总资产 | $2.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODSCSC
| Q4 25 | $98.7M | $83.5M | ||
| Q3 25 | $83.8M | $124.9M | ||
| Q2 25 | $124.5M | $126.2M | ||
| Q1 25 | $71.6M | $146.3M | ||
| Q4 24 | $83.8M | $110.5M | ||
| Q3 24 | $78.6M | $145.0M | ||
| Q2 24 | $72.9M | $185.5M | ||
| Q1 24 | $60.1M | $159.1M |
总债务MODSCSC
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
股东权益MODSCSC
| Q4 25 | $1.1B | $910.9M | ||
| Q3 25 | $1.1B | $914.0M | ||
| Q2 25 | $1.0B | $906.4M | ||
| Q1 25 | $910.2M | $901.7M | ||
| Q4 24 | $855.1M | $900.7M | ||
| Q3 24 | $858.8M | $920.9M | ||
| Q2 24 | $788.4M | $924.3M | ||
| Q1 24 | $747.6M | $944.1M |
总资产MODSCSC
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $1.9B | $1.8B |
负债/权益比MODSCSC
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $28.9M |
| 自由现金流率自由现金流/营收 | -2.1% | 3.8% |
| 资本支出强度资本支出/营收 | 5.2% | 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 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODSCSC
| Q4 25 | $24.7M | $30.8M | ||
| Q3 25 | $1.4M | $23.2M | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $54.8M | $66.1M | ||
| Q4 24 | $60.7M | $-6.2M | ||
| Q3 24 | $57.3M | $44.8M | ||
| Q2 24 | $40.5M | — | ||
| Q1 24 | $39.6M | $160.2M |
自由现金流MODSCSC
| Q4 25 | $-17.1M | $28.9M | ||
| Q3 25 | $-30.5M | $20.8M | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | $64.6M | ||
| Q4 24 | $44.7M | $-8.2M | ||
| Q3 24 | $43.8M | $42.5M | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | $157.7M |
自由现金流率MODSCSC
| Q4 25 | -2.1% | 3.8% | ||
| Q3 25 | -4.1% | 2.8% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | 9.2% | ||
| Q4 24 | 7.2% | -1.1% | ||
| Q3 24 | 6.7% | 5.5% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | 21.0% |
资本支出强度MODSCSC
| Q4 25 | 5.2% | 0.3% | ||
| Q3 25 | 4.3% | 0.3% | ||
| Q2 25 | 4.0% | 0.3% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 2.6% | 0.3% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 4.1% | 0.2% | ||
| Q1 24 | 7.3% | 0.3% |
现金转化率MODSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | 0.03× | 1.17× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | 3.79× | ||
| Q4 24 | 1.48× | -0.36× | ||
| Q3 24 | 1.24× | 2.64× | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | 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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
