vs
Realty Income（O）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Realty Income的季度营收约是SCANSOURCE, INC.的1.9倍（$1.5B vs $766.5M），Realty Income净利率更高（19.9% vs 2.2%，领先17.7%），Realty Income同比增速更快（11.0% vs 2.5%），Realty Income自由现金流更多（$1.2B vs $28.9M），过去两年Realty Income的营收复合增速更高（8.6% vs 0.9%）
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
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。
O vs SCSC — 直观对比
营收规模更大
O
是对方的1.9倍
$766.5M
营收增速更快
O
高出8.5%
2.5%
净利率更高
O
高出17.7%
2.2%
自由现金流更多
O
多$1.1B
$28.9M
两年增速更快
O
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $766.5M |
| 净利润 | $296.1M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 21.7% | 2.3% |
| 净利率 | 19.9% | 2.2% |
| 营收同比 | 11.0% | 2.5% |
| 净利润同比 | 48.3% | -3.3% |
| 每股收益（稀释后） | $0.32 | $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OSCSC
| Q4 25 | $1.5B | $766.5M | ||
| Q3 25 | $1.5B | $739.6M | ||
| Q2 25 | $1.4B | $812.9M | ||
| Q1 25 | $1.4B | $704.8M | ||
| Q4 24 | $1.3B | $747.5M | ||
| Q3 24 | $1.3B | $775.6M | ||
| Q2 24 | $1.3B | $746.1M | ||
| Q1 24 | $1.3B | $752.6M |
净利润OSCSC
| Q4 25 | $296.1M | $16.5M | ||
| Q3 25 | $315.8M | $19.9M | ||
| Q2 25 | $196.9M | $20.1M | ||
| Q1 25 | $249.8M | $17.4M | ||
| Q4 24 | $199.6M | $17.1M | ||
| Q3 24 | $269.5M | $17.0M | ||
| Q2 24 | $259.4M | $16.1M | ||
| Q1 24 | $132.3M | $12.8M |
毛利率OSCSC
| 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OSCSC
| Q4 25 | 21.7% | 2.3% | ||
| Q3 25 | 23.2% | 3.5% | ||
| Q2 25 | 15.8% | 3.3% | ||
| Q1 25 | 19.3% | 3.2% | ||
| Q4 24 | 16.5% | 2.5% | ||
| Q3 24 | 21.5% | 2.3% | ||
| Q2 24 | 20.7% | 2.9% | ||
| Q1 24 | 11.9% | 2.3% |
净利率OSCSC
| Q4 25 | 19.9% | 2.2% | ||
| Q3 25 | 21.5% | 2.7% | ||
| Q2 25 | 14.0% | 2.5% | ||
| Q1 25 | 18.1% | 2.5% | ||
| Q4 24 | 14.9% | 2.3% | ||
| Q3 24 | 20.2% | 2.2% | ||
| Q2 24 | 19.4% | 2.2% | ||
| Q1 24 | 10.5% | 1.7% |
每股收益（稀释后）OSCSC
| Q4 25 | $0.32 | $0.75 | ||
| Q3 25 | $0.35 | $0.89 | ||
| Q2 25 | $0.22 | $0.87 | ||
| Q1 25 | $0.28 | $0.74 | ||
| Q4 24 | $0.23 | $0.70 | ||
| Q3 24 | $0.30 | $0.69 | ||
| Q2 24 | $0.29 | $0.66 | ||
| Q1 24 | $0.16 | $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 | $434.8M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.4B | $910.9M |
| 总资产 | $72.8B | $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OSCSC
| Q4 25 | $434.8M | $83.5M | ||
| Q3 25 | $417.2M | $124.9M | ||
| Q2 25 | $800.4M | $126.2M | ||
| Q1 25 | $319.0M | $146.3M | ||
| Q4 24 | $445.0M | $110.5M | ||
| Q3 24 | $397.0M | $145.0M | ||
| Q2 24 | $442.8M | $185.5M | ||
| Q1 24 | $680.2M | $159.1M |
股东权益OSCSC
| Q4 25 | $39.4B | $910.9M | ||
| Q3 25 | $39.1B | $914.0M | ||
| Q2 25 | $39.2B | $906.4M | ||
| Q1 25 | $39.0B | $901.7M | ||
| Q4 24 | $38.8B | $900.7M | ||
| Q3 24 | $38.5B | $920.9M | ||
| Q2 24 | $38.6B | $924.3M | ||
| Q1 24 | $39.0B | $944.1M |
总资产OSCSC
| Q4 25 | $72.8B | $1.7B | ||
| Q3 25 | $71.3B | $1.7B | ||
| Q2 25 | $71.4B | $1.8B | ||
| Q1 25 | $69.8B | $1.7B | ||
| Q4 24 | $68.8B | $1.7B | ||
| Q3 24 | $68.5B | $1.8B | ||
| Q2 24 | $68.1B | $1.8B | ||
| Q1 24 | $68.3B | $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 | $1.2B | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $28.9M |
| 自由现金流率自由现金流/营收 | 77.6% | 3.8% |
| 资本支出强度资本支出/营收 | 3.3% | 0.3% |
| 现金转化率经营现金流/净利润 | 4.06× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $3.9B | — |
8季度趋势，按日历期对齐
经营现金流OSCSC
| Q4 25 | $1.2B | $30.8M | ||
| Q3 25 | $943.1M | $23.2M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $787.5M | $66.1M | ||
| Q4 24 | $972.0M | $-6.2M | ||
| Q3 24 | $841.5M | $44.8M | ||
| Q2 24 | $981.2M | — | ||
| Q1 24 | $778.7M | $160.2M |
自由现金流OSCSC
| Q4 25 | $1.2B | $28.9M | ||
| Q3 25 | $909.9M | $20.8M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $764.6M | $64.6M | ||
| Q4 24 | $935.8M | $-8.2M | ||
| Q3 24 | $807.9M | $42.5M | ||
| Q2 24 | $939.2M | — | ||
| Q1 24 | $769.0M | $157.7M |
自由现金流率OSCSC
| Q4 25 | 77.6% | 3.8% | ||
| Q3 25 | 61.9% | 2.8% | ||
| Q2 25 | 73.3% | — | ||
| Q1 25 | 55.4% | 9.2% | ||
| Q4 24 | 69.8% | -1.1% | ||
| Q3 24 | 60.7% | 5.5% | ||
| Q2 24 | 70.1% | — | ||
| Q1 24 | 61.0% | 21.0% |
资本支出强度OSCSC
| Q4 25 | 3.3% | 0.3% | ||
| Q3 25 | 2.3% | 0.3% | ||
| Q2 25 | 1.9% | 0.3% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 2.7% | 0.3% | ||
| Q3 24 | 2.5% | 0.3% | ||
| Q2 24 | 3.1% | 0.2% | ||
| Q1 24 | 0.8% | 0.3% |
现金转化率OSCSC
| Q4 25 | 4.06× | 1.87× | ||
| Q3 25 | 2.99× | 1.17× | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 3.15× | 3.79× | ||
| Q4 24 | 4.87× | -0.36× | ||
| Q3 24 | 3.12× | 2.64× | ||
| Q2 24 | 3.78× | — | ||
| Q1 24 | 5.89× | 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
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
