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BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.0倍（$766.5M vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs 2.2%，领先4.2%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 2.5%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $28.9M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs 0.9%）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
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。
OWL vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.0倍
$755.6M
营收增速更快
OWL
高出17.1%
2.5%
净利率更高
OWL
高出4.2%
2.2%
自由现金流更多
OWL
多$330.3M
$28.9M
两年增速更快
OWL
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $766.5M |
| 净利润 | $47.7M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 22.2% | 2.3% |
| 净利率 | 6.3% | 2.2% |
| 营收同比 | 19.7% | 2.5% |
| 净利润同比 | 129.8% | -3.3% |
| 每股收益（稀释后） | $0.07 | $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OWLSCSC
| Q4 25 | $755.6M | $766.5M | ||
| Q3 25 | $728.0M | $739.6M | ||
| Q2 25 | $703.1M | $812.9M | ||
| Q1 25 | $683.5M | $704.8M | ||
| Q4 24 | $631.4M | $747.5M | ||
| Q3 24 | $600.9M | $775.6M | ||
| Q2 24 | $549.8M | $746.1M | ||
| Q1 24 | $513.3M | $752.6M |
净利润OWLSCSC
| Q4 25 | $47.7M | $16.5M | ||
| Q3 25 | $6.3M | $19.9M | ||
| Q2 25 | $17.4M | $20.1M | ||
| Q1 25 | $7.4M | $17.4M | ||
| Q4 24 | $20.7M | $17.1M | ||
| Q3 24 | $29.8M | $17.0M | ||
| Q2 24 | $33.9M | $16.1M | ||
| Q1 24 | $25.1M | $12.8M |
毛利率OWLSCSC
| 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OWLSCSC
| Q4 25 | 22.2% | 2.3% | ||
| Q3 25 | 7.6% | 3.5% | ||
| Q2 25 | 12.0% | 3.3% | ||
| Q1 25 | 5.9% | 3.2% | ||
| Q4 24 | 11.7% | 2.5% | ||
| Q3 24 | 18.7% | 2.3% | ||
| Q2 24 | 28.4% | 2.9% | ||
| Q1 24 | 24.7% | 2.3% |
净利率OWLSCSC
| Q4 25 | 6.3% | 2.2% | ||
| Q3 25 | 0.9% | 2.7% | ||
| Q2 25 | 2.5% | 2.5% | ||
| Q1 25 | 1.1% | 2.5% | ||
| Q4 24 | 3.3% | 2.3% | ||
| Q3 24 | 5.0% | 2.2% | ||
| Q2 24 | 6.2% | 2.2% | ||
| Q1 24 | 4.9% | 1.7% |
每股收益（稀释后）OWLSCSC
| Q4 25 | $0.07 | $0.75 | ||
| Q3 25 | $0.01 | $0.89 | ||
| Q2 25 | $0.02 | $0.87 | ||
| Q1 25 | $0.00 | $0.74 | ||
| Q4 24 | $0.06 | $0.70 | ||
| Q3 24 | $0.04 | $0.69 | ||
| Q2 24 | $0.06 | $0.66 | ||
| Q1 24 | $0.04 | $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 | $194.5M | $83.5M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $2.2B | $910.9M |
| 总资产 | $12.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.51× | — |
8季度趋势，按日历期对齐
现金及短期投资OWLSCSC
| Q4 25 | $194.5M | $83.5M | ||
| Q3 25 | $137.3M | $124.9M | ||
| Q2 25 | $117.6M | $126.2M | ||
| Q1 25 | $97.6M | $146.3M | ||
| Q4 24 | $152.1M | $110.5M | ||
| Q3 24 | $115.9M | $145.0M | ||
| Q2 24 | $436.8M | $185.5M | ||
| Q1 24 | $155.8M | $159.1M |
总债务OWLSCSC
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
股东权益OWLSCSC
| Q4 25 | $2.2B | $910.9M | ||
| Q3 25 | $2.3B | $914.0M | ||
| Q2 25 | $2.4B | $906.4M | ||
| Q1 25 | $2.3B | $901.7M | ||
| Q4 24 | $2.1B | $900.7M | ||
| Q3 24 | $2.0B | $920.9M | ||
| Q2 24 | $1.7B | $924.3M | ||
| Q1 24 | $1.6B | $944.1M |
总资产OWLSCSC
| Q4 25 | $12.5B | $1.7B | ||
| Q3 25 | $12.5B | $1.7B | ||
| Q2 25 | $12.3B | $1.8B | ||
| Q1 25 | $12.3B | $1.7B | ||
| Q4 24 | $11.0B | $1.7B | ||
| Q3 24 | $10.8B | $1.8B | ||
| Q2 24 | $9.7B | $1.8B | ||
| Q1 24 | $9.0B | $1.8B |
负债/权益比OWLSCSC
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
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 | $382.9M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $28.9M |
| 自由现金流率自由现金流/营收 | 47.5% | 3.8% |
| 资本支出强度资本支出/营收 | 3.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 8.03× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流OWLSCSC
| Q4 25 | $382.9M | $30.8M | ||
| Q3 25 | $433.1M | $23.2M | ||
| Q2 25 | $422.5M | — | ||
| Q1 25 | $17.6M | $66.1M | ||
| Q4 24 | $324.0M | $-6.2M | ||
| Q3 24 | $326.0M | $44.8M | ||
| Q2 24 | $302.3M | — | ||
| Q1 24 | $47.2M | $160.2M |
自由现金流OWLSCSC
| Q4 25 | $359.1M | $28.9M | ||
| Q3 25 | $422.5M | $20.8M | ||
| Q2 25 | $412.5M | — | ||
| Q1 25 | $4.2M | $64.6M | ||
| Q4 24 | $310.1M | $-8.2M | ||
| Q3 24 | $314.8M | $42.5M | ||
| Q2 24 | $269.4M | — | ||
| Q1 24 | $41.1M | $157.7M |
自由现金流率OWLSCSC
| Q4 25 | 47.5% | 3.8% | ||
| Q3 25 | 58.0% | 2.8% | ||
| Q2 25 | 58.7% | — | ||
| Q1 25 | 0.6% | 9.2% | ||
| Q4 24 | 49.1% | -1.1% | ||
| Q3 24 | 52.4% | 5.5% | ||
| Q2 24 | 49.0% | — | ||
| Q1 24 | 8.0% | 21.0% |
资本支出强度OWLSCSC
| Q4 25 | 3.1% | 0.3% | ||
| Q3 25 | 1.5% | 0.3% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 2.2% | 0.3% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 6.0% | 0.2% | ||
| Q1 24 | 1.2% | 0.3% |
现金转化率OWLSCSC
| Q4 25 | 8.03× | 1.87× | ||
| Q3 25 | 68.64× | 1.17× | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | 3.79× | ||
| Q4 24 | 15.62× | -0.36× | ||
| Q3 24 | 10.94× | 2.64× | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | 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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
