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OPEN TEXT CORP（OTEX）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是SCANSOURCE, INC.的1.7倍（$1.3B vs $766.5M），OPEN TEXT CORP净利率更高（12.7% vs 2.2%，领先10.5%），SCANSOURCE, INC.同比增速更快（2.5% vs -0.6%），OPEN TEXT CORP自由现金流更多（$279.4M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -4.3%）
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
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。
OTEX vs SCSC — 直观对比
营收规模更大
OTEX
是对方的1.7倍
$766.5M
营收增速更快
SCSC
高出3.1%
-0.6%
净利率更高
OTEX
高出10.5%
2.2%
自由现金流更多
OTEX
多$250.6M
$28.9M
两年增速更快
SCSC
近两年复合增速
-4.3%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $766.5M |
| 净利润 | $168.1M | $16.5M |
| 毛利率 | 74.0% | 13.4% |
| 营业利润率 | 22.0% | 2.3% |
| 净利率 | 12.7% | 2.2% |
| 营收同比 | -0.6% | 2.5% |
| 净利润同比 | -26.9% | -3.3% |
| 每股收益（稀释后） | $0.66 | $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OTEXSCSC
| Q4 25 | $1.3B | $766.5M | ||
| Q3 25 | $1.3B | $739.6M | ||
| Q2 25 | $1.3B | $812.9M | ||
| Q1 25 | $1.3B | $704.8M | ||
| Q4 24 | $1.3B | $747.5M | ||
| Q3 24 | $1.3B | $775.6M | ||
| Q2 24 | $1.4B | $746.1M | ||
| Q1 24 | $1.4B | $752.6M |
净利润OTEXSCSC
| Q4 25 | $168.1M | $16.5M | ||
| Q3 25 | $146.6M | $19.9M | ||
| Q2 25 | $28.8M | $20.1M | ||
| Q1 25 | $92.8M | $17.4M | ||
| Q4 24 | $229.9M | $17.1M | ||
| Q3 24 | $84.4M | $17.0M | ||
| Q2 24 | $248.2M | $16.1M | ||
| Q1 24 | $98.3M | $12.8M |
毛利率OTEXSCSC
| Q4 25 | 74.0% | 13.4% | ||
| Q3 25 | 72.8% | 14.5% | ||
| Q2 25 | 72.3% | 12.9% | ||
| Q1 25 | 71.6% | 14.2% | ||
| Q4 24 | 73.3% | 13.6% | ||
| Q3 24 | 71.7% | 13.1% | ||
| Q2 24 | 72.5% | 13.0% | ||
| Q1 24 | 73.0% | 12.6% |
营业利润率OTEXSCSC
| Q4 25 | 22.0% | 2.3% | ||
| Q3 25 | 21.0% | 3.5% | ||
| Q2 25 | 13.9% | 3.3% | ||
| Q1 25 | 16.7% | 3.2% | ||
| Q4 24 | 22.2% | 2.5% | ||
| Q3 24 | 16.3% | 2.3% | ||
| Q2 24 | 14.2% | 2.9% | ||
| Q1 24 | 15.7% | 2.3% |
净利率OTEXSCSC
| Q4 25 | 12.7% | 2.2% | ||
| Q3 25 | 11.4% | 2.7% | ||
| Q2 25 | 2.2% | 2.5% | ||
| Q1 25 | 7.4% | 2.5% | ||
| Q4 24 | 17.2% | 2.3% | ||
| Q3 24 | 6.6% | 2.2% | ||
| Q2 24 | 18.2% | 2.2% | ||
| Q1 24 | 6.8% | 1.7% |
每股收益（稀释后）OTEXSCSC
| Q4 25 | $0.66 | $0.75 | ||
| Q3 25 | $0.58 | $0.89 | ||
| Q2 25 | $0.11 | $0.87 | ||
| Q1 25 | $0.35 | $0.74 | ||
| Q4 24 | $0.87 | $0.70 | ||
| Q3 24 | $0.32 | $0.69 | ||
| Q2 24 | $0.91 | $0.66 | ||
| Q1 24 | $0.36 | $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 | $1.3B | $83.5M |
| 总债务越低越好 | $6.4B | — |
| 股东权益账面价值 | $4.0B | $910.9M |
| 总资产 | $13.6B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.58× | — |
8季度趋势，按日历期对齐
现金及短期投资OTEXSCSC
| Q4 25 | $1.3B | $83.5M | ||
| Q3 25 | $1.1B | $124.9M | ||
| Q2 25 | $1.2B | $126.2M | ||
| Q1 25 | $1.3B | $146.3M | ||
| Q4 24 | $1.1B | $110.5M | ||
| Q3 24 | $1.0B | $145.0M | ||
| Q2 24 | $1.3B | $185.5M | ||
| Q1 24 | $1.1B | $159.1M |
总债务OTEXSCSC
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.4B | — | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $8.4B | — |
股东权益OTEXSCSC
| Q4 25 | $4.0B | $910.9M | ||
| Q3 25 | $4.0B | $914.0M | ||
| Q2 25 | $3.9B | $906.4M | ||
| Q1 25 | $4.1B | $901.7M | ||
| Q4 24 | $4.2B | $900.7M | ||
| Q3 24 | $4.1B | $920.9M | ||
| Q2 24 | $4.2B | $924.3M | ||
| Q1 24 | $4.1B | $944.1M |
总资产OTEXSCSC
| Q4 25 | $13.6B | $1.7B | ||
| Q3 25 | $13.5B | $1.7B | ||
| Q2 25 | $13.8B | $1.8B | ||
| Q1 25 | $13.8B | $1.7B | ||
| Q4 24 | $13.7B | $1.7B | ||
| Q3 24 | $13.8B | $1.8B | ||
| Q2 24 | $14.2B | $1.8B | ||
| Q1 24 | $16.4B | $1.8B |
负债/权益比OTEXSCSC
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 1.62× | — | ||
| Q1 25 | 1.55× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.52× | — | ||
| Q1 24 | 2.02× | — |
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 | $318.7M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $279.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 21.1% | 3.8% |
| 资本支出强度资本支出/营收 | 3.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.90× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $878.5M | — |
8季度趋势，按日历期对齐
经营现金流OTEXSCSC
| Q4 25 | $318.7M | $30.8M | ||
| Q3 25 | $147.8M | $23.2M | ||
| Q2 25 | $158.2M | — | ||
| Q1 25 | $402.2M | $66.1M | ||
| Q4 24 | $348.0M | $-6.2M | ||
| Q3 24 | $-77.8M | $44.8M | ||
| Q2 24 | $185.2M | — | ||
| Q1 24 | $384.7M | $160.2M |
自由现金流OTEXSCSC
| Q4 25 | $279.4M | $28.9M | ||
| Q3 25 | $101.2M | $20.8M | ||
| Q2 25 | $124.0M | — | ||
| Q1 25 | $373.8M | $64.6M | ||
| Q4 24 | $306.7M | $-8.2M | ||
| Q3 24 | $-117.1M | $42.5M | ||
| Q2 24 | $145.2M | — | ||
| Q1 24 | $348.2M | $157.7M |
自由现金流率OTEXSCSC
| Q4 25 | 21.1% | 3.8% | ||
| Q3 25 | 7.9% | 2.8% | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 29.8% | 9.2% | ||
| Q4 24 | 23.0% | -1.1% | ||
| Q3 24 | -9.2% | 5.5% | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 24.1% | 21.0% |
资本支出强度OTEXSCSC
| Q4 25 | 3.0% | 0.3% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 2.6% | 0.3% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 3.1% | 0.3% | ||
| Q2 24 | 2.9% | 0.2% | ||
| Q1 24 | 2.5% | 0.3% |
现金转化率OTEXSCSC
| Q4 25 | 1.90× | 1.87× | ||
| Q3 25 | 1.01× | 1.17× | ||
| Q2 25 | 5.49× | — | ||
| Q1 25 | 4.33× | 3.79× | ||
| Q4 24 | 1.51× | -0.36× | ||
| Q3 24 | -0.92× | 2.64× | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 3.91× | 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
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
