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NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的1.8倍（$766.5M vs $425.9M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 2.2%，领先33.5%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.7%），过去两年NATIONAL FUEL GAS CO的营收复合增速更高（12.1% vs 0.9%）
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
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。
NFG vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.8倍
$425.9M
营收增速更快
SCSC
高出0.8%
1.7%
净利率更高
NFG
高出33.5%
2.2%
两年增速更快
NFG
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $425.9M | $766.5M |
| 净利润 | $152.0M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 81.5% | 2.3% |
| 净利率 | 35.7% | 2.2% |
| 营收同比 | 1.7% | 2.5% |
| 净利润同比 | — | -3.3% |
| 每股收益（稀释后） | $1.59 | $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NFGSCSC
| Q1 26 | $425.9M | — | ||
| Q4 25 | $637.9M | $766.5M | ||
| Q3 25 | $443.1M | $739.6M | ||
| Q2 25 | $527.4M | $812.9M | ||
| Q1 25 | $734.8M | $704.8M | ||
| Q4 24 | $513.8M | $747.5M | ||
| Q3 24 | $310.0M | $775.6M | ||
| Q2 24 | $338.6M | $746.1M |
净利润NFGSCSC
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $16.5M | ||
| Q3 25 | $107.3M | $19.9M | ||
| Q2 25 | $149.8M | $20.1M | ||
| Q1 25 | $216.4M | $17.4M | ||
| Q4 24 | $45.0M | $17.1M | ||
| Q3 24 | $-167.6M | $17.0M | ||
| Q2 24 | $-54.2M | $16.1M |
毛利率NFGSCSC
| Q1 26 | — | — | ||
| Q4 25 | 86.6% | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | 94.7% | 12.9% | ||
| Q1 25 | 81.6% | 14.2% | ||
| Q4 24 | 87.3% | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | 98.5% | 13.0% |
营业利润率NFGSCSC
| Q1 26 | 81.5% | — | ||
| Q4 25 | 43.3% | 2.3% | ||
| Q3 25 | 40.6% | 3.5% | ||
| Q2 25 | 43.7% | 3.3% | ||
| Q1 25 | 43.2% | 3.2% | ||
| Q4 24 | 16.8% | 2.5% | ||
| Q3 24 | -63.4% | 2.3% | ||
| Q2 24 | -15.2% | 2.9% |
净利率NFGSCSC
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | 2.2% | ||
| Q3 25 | 24.2% | 2.7% | ||
| Q2 25 | 28.4% | 2.5% | ||
| Q1 25 | 29.4% | 2.5% | ||
| Q4 24 | 8.8% | 2.3% | ||
| Q3 24 | -54.1% | 2.2% | ||
| Q2 24 | -16.0% | 2.2% |
每股收益（稀释后）NFGSCSC
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $0.75 | ||
| Q3 25 | $1.18 | $0.89 | ||
| Q2 25 | $1.64 | $0.87 | ||
| Q1 25 | $2.37 | $0.74 | ||
| Q4 24 | $0.49 | $0.70 | ||
| Q3 24 | $-1.81 | $0.69 | ||
| Q2 24 | $-0.59 | $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 | $300.0M | — |
| 股东权益账面价值 | — | $910.9M |
| 总资产 | $9.1B | $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NFGSCSC
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $83.5M | ||
| Q3 25 | $43.2M | $124.9M | ||
| Q2 25 | $39.3M | $126.2M | ||
| Q1 25 | $40.0M | $146.3M | ||
| Q4 24 | $48.7M | $110.5M | ||
| Q3 24 | $38.2M | $145.0M | ||
| Q2 24 | $81.4M | $185.5M |
总债务NFGSCSC
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — |
股东权益NFGSCSC
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $910.9M | ||
| Q3 25 | $3.1B | $914.0M | ||
| Q2 25 | $3.0B | $906.4M | ||
| Q1 25 | $2.8B | $901.7M | ||
| Q4 24 | $-76.2M | $900.7M | ||
| Q3 24 | $-15.5M | $920.9M | ||
| Q2 24 | $5.0M | $924.3M |
总资产NFGSCSC
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $1.7B | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.4B | $1.8B | ||
| Q1 25 | $8.5B | $1.7B | ||
| Q4 24 | $8.3B | $1.7B | ||
| Q3 24 | $8.3B | $1.8B | ||
| Q2 24 | $8.5B | $1.8B |
负债/权益比NFGSCSC
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 532.10× | — |
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 | $657.3M | $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 | 117.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 4.32× | 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NFGSCSC
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $30.8M | ||
| Q3 25 | $237.8M | $23.2M | ||
| Q2 25 | $388.4M | — | ||
| Q1 25 | $253.8M | $66.1M | ||
| Q4 24 | $220.1M | $-6.2M | ||
| Q3 24 | $197.9M | $44.8M | ||
| Q2 24 | $281.8M | — |
自由现金流NFGSCSC
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $28.9M | ||
| Q3 25 | $-47.8M | $20.8M | ||
| Q2 25 | $195.3M | — | ||
| Q1 25 | $59.9M | $64.6M | ||
| Q4 24 | $-20.3M | $-8.2M | ||
| Q3 24 | $-49.1M | $42.5M | ||
| Q2 24 | $79.5M | — |
自由现金流率NFGSCSC
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 3.8% | ||
| Q3 25 | -10.8% | 2.8% | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | 8.2% | 9.2% | ||
| Q4 24 | -4.0% | -1.1% | ||
| Q3 24 | -15.8% | 5.5% | ||
| Q2 24 | 23.5% | — |
资本支出强度NFGSCSC
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 0.3% | ||
| Q3 25 | 64.4% | 0.3% | ||
| Q2 25 | 36.6% | 0.3% | ||
| Q1 25 | 26.4% | 0.2% | ||
| Q4 24 | 46.8% | 0.3% | ||
| Q3 24 | 79.7% | 0.3% | ||
| Q2 24 | 59.7% | 0.2% |
现金转化率NFGSCSC
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 1.87× | ||
| Q3 25 | 2.21× | 1.17× | ||
| Q2 25 | 2.59× | — | ||
| Q1 25 | 1.17× | 3.79× | ||
| Q4 24 | 4.89× | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — |
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
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
