vs
巴诺书店（NE）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.的季度营收约是巴诺书店的1.0倍（$766.5M vs $764.4M），巴诺书店净利率更高（11.3% vs 2.2%，领先9.2%），SCANSOURCE, INC.同比增速更快（2.5% vs -17.6%），巴诺书店自由现金流更多（$35.4M vs $28.9M），过去两年巴诺书店的营收复合增速更高（9.5% vs 0.9%）
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
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。
NE vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.0倍
$764.4M
营收增速更快
SCSC
高出20.1%
-17.6%
净利率更高
NE
高出9.2%
2.2%
自由现金流更多
NE
多$6.5M
$28.9M
两年增速更快
NE
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $764.4M | $766.5M |
| 净利润 | $86.6M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 5.6% | 2.3% |
| 净利率 | 11.3% | 2.2% |
| 营收同比 | -17.6% | 2.5% |
| 净利润同比 | -10.4% | -3.3% |
| 每股收益（稀释后） | $0.54 | $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NESCSC
| Q4 25 | $764.4M | $766.5M | ||
| Q3 25 | $798.0M | $739.6M | ||
| Q2 25 | $848.7M | $812.9M | ||
| Q1 25 | $874.5M | $704.8M | ||
| Q4 24 | $927.3M | $747.5M | ||
| Q3 24 | $800.5M | $775.6M | ||
| Q2 24 | $692.8M | $746.1M | ||
| Q1 24 | $637.1M | $752.6M |
净利润NESCSC
| Q4 25 | $86.6M | $16.5M | ||
| Q3 25 | $-21.1M | $19.9M | ||
| Q2 25 | $42.9M | $20.1M | ||
| Q1 25 | $108.3M | $17.4M | ||
| Q4 24 | $96.6M | $17.1M | ||
| Q3 24 | $61.2M | $17.0M | ||
| Q2 24 | $195.0M | $16.1M | ||
| Q1 24 | $95.5M | $12.8M |
毛利率NESCSC
| 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% | ||
| Q1 24 | — | 12.6% |
营业利润率NESCSC
| Q4 25 | 5.6% | 2.3% | ||
| Q3 25 | 6.3% | 3.5% | ||
| Q2 25 | 15.9% | 3.3% | ||
| Q1 25 | 21.4% | 3.2% | ||
| Q4 24 | 18.4% | 2.5% | ||
| Q3 24 | 14.4% | 2.3% | ||
| Q2 24 | 30.3% | 2.9% | ||
| Q1 24 | 16.9% | 2.3% |
净利率NESCSC
| Q4 25 | 11.3% | 2.2% | ||
| Q3 25 | -2.6% | 2.7% | ||
| Q2 25 | 5.1% | 2.5% | ||
| Q1 25 | 12.4% | 2.5% | ||
| Q4 24 | 10.4% | 2.3% | ||
| Q3 24 | 7.6% | 2.2% | ||
| Q2 24 | 28.1% | 2.2% | ||
| Q1 24 | 15.0% | 1.7% |
每股收益（稀释后）NESCSC
| Q4 25 | $0.54 | $0.75 | ||
| Q3 25 | $-0.13 | $0.89 | ||
| Q2 25 | $0.27 | $0.87 | ||
| Q1 25 | $0.67 | $0.74 | ||
| Q4 24 | $0.56 | $0.70 | ||
| Q3 24 | $0.40 | $0.69 | ||
| Q2 24 | $1.34 | $0.66 | ||
| Q1 24 | $0.66 | $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 | $471.4M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5B | $910.9M |
| 总资产 | $7.5B | $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NESCSC
| Q4 25 | $471.4M | $83.5M | ||
| Q3 25 | $477.9M | $124.9M | ||
| Q2 25 | $338.2M | $126.2M | ||
| Q1 25 | $303.8M | $146.3M | ||
| Q4 24 | $247.3M | $110.5M | ||
| Q3 24 | $391.9M | $145.0M | ||
| Q2 24 | $162.9M | $185.5M | ||
| Q1 24 | $212.5M | $159.1M |
股东权益NESCSC
| Q4 25 | $4.5B | $910.9M | ||
| Q3 25 | $4.5B | $914.0M | ||
| Q2 25 | $4.6B | $906.4M | ||
| Q1 25 | $4.7B | $901.7M | ||
| Q4 24 | $4.7B | $900.7M | ||
| Q3 24 | $4.7B | $920.9M | ||
| Q2 24 | $4.0B | $924.3M | ||
| Q1 24 | $3.9B | $944.1M |
总资产NESCSC
| Q4 25 | $7.5B | $1.7B | ||
| Q3 25 | $7.6B | $1.7B | ||
| Q2 25 | $7.7B | $1.8B | ||
| Q1 25 | $7.9B | $1.7B | ||
| Q4 24 | $8.0B | $1.7B | ||
| Q3 24 | $8.0B | $1.8B | ||
| Q2 24 | $5.6B | $1.8B | ||
| Q1 24 | $5.4B | $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 | $187.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 4.6% | 3.8% |
| 资本支出强度资本支出/营收 | 19.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.16× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $432.2M | — |
8季度趋势，按日历期对齐
经营现金流NESCSC
| Q4 25 | $187.1M | $30.8M | ||
| Q3 25 | $277.1M | $23.2M | ||
| Q2 25 | $216.4M | — | ||
| Q1 25 | $271.1M | $66.1M | ||
| Q4 24 | $136.2M | $-6.2M | ||
| Q3 24 | $283.8M | $44.8M | ||
| Q2 24 | $106.8M | — | ||
| Q1 24 | $128.7M | $160.2M |
自由现金流NESCSC
| Q4 25 | $35.4M | $28.9M | ||
| Q3 25 | $139.5M | $20.8M | ||
| Q2 25 | $99.8M | — | ||
| Q1 25 | $157.5M | $64.6M | ||
| Q4 24 | $-4.4M | $-8.2M | ||
| Q3 24 | $156.8M | $42.5M | ||
| Q2 24 | $-34.3M | — | ||
| Q1 24 | $-37.9M | $157.7M |
自由现金流率NESCSC
| Q4 25 | 4.6% | 3.8% | ||
| Q3 25 | 17.5% | 2.8% | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 18.0% | 9.2% | ||
| Q4 24 | -0.5% | -1.1% | ||
| Q3 24 | 19.6% | 5.5% | ||
| Q2 24 | -4.9% | — | ||
| Q1 24 | -6.0% | 21.0% |
资本支出强度NESCSC
| Q4 25 | 19.9% | 0.3% | ||
| Q3 25 | 17.3% | 0.3% | ||
| Q2 25 | 13.7% | 0.3% | ||
| Q1 25 | 13.0% | 0.2% | ||
| Q4 24 | 15.2% | 0.3% | ||
| Q3 24 | 15.9% | 0.3% | ||
| Q2 24 | 20.4% | 0.2% | ||
| Q1 24 | 26.2% | 0.3% |
现金转化率NESCSC
| Q4 25 | 2.16× | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 2.50× | 3.79× | ||
| Q4 24 | 1.41× | -0.36× | ||
| Q3 24 | 4.64× | 2.64× | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.35× | 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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
