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PINTEREST, INC.（PINS）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
PINTEREST, INC.的季度营收约是SCANSOURCE, INC.的1.7倍（$1.3B vs $766.5M），PINTEREST, INC.净利率更高（21.0% vs 2.2%，领先18.8%），PINTEREST, INC.同比增速更快（14.3% vs 2.5%），PINTEREST, INC.自由现金流更多（$380.4M vs $28.9M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 0.9%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
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。
PINS vs SCSC — 直观对比
营收规模更大
PINS
是对方的1.7倍
$766.5M
营收增速更快
PINS
高出11.8%
2.5%
净利率更高
PINS
高出18.8%
2.2%
自由现金流更多
PINS
多$351.5M
$28.9M
两年增速更快
PINS
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $766.5M |
| 净利润 | $277.1M | $16.5M |
| 毛利率 | 82.8% | 13.4% |
| 营业利润率 | 22.8% | 2.3% |
| 净利率 | 21.0% | 2.2% |
| 营收同比 | 14.3% | 2.5% |
| 净利润同比 | -85.0% | -3.3% |
| 每股收益（稀释后） | $0.41 | $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PINSSCSC
| Q4 25 | $1.3B | $766.5M | ||
| Q3 25 | $1.0B | $739.6M | ||
| Q2 25 | $998.2M | $812.9M | ||
| Q1 25 | $855.0M | $704.8M | ||
| Q4 24 | $1.2B | $747.5M | ||
| Q3 24 | $898.4M | $775.6M | ||
| Q2 24 | $853.7M | $746.1M | ||
| Q1 24 | $740.0M | $752.6M |
净利润PINSSCSC
| Q4 25 | $277.1M | $16.5M | ||
| Q3 25 | $92.1M | $19.9M | ||
| Q2 25 | $38.8M | $20.1M | ||
| Q1 25 | $8.9M | $17.4M | ||
| Q4 24 | $1.8B | $17.1M | ||
| Q3 24 | $30.6M | $17.0M | ||
| Q2 24 | $8.9M | $16.1M | ||
| Q1 24 | $-24.8M | $12.8M |
毛利率PINSSCSC
| Q4 25 | 82.8% | 13.4% | ||
| Q3 25 | 79.8% | 14.5% | ||
| Q2 25 | 79.7% | 12.9% | ||
| Q1 25 | 76.7% | 14.2% | ||
| Q4 24 | 82.9% | 13.6% | ||
| Q3 24 | 79.1% | 13.1% | ||
| Q2 24 | 78.3% | 13.0% | ||
| Q1 24 | 75.5% | 12.6% |
营业利润率PINSSCSC
| Q4 25 | 22.8% | 2.3% | ||
| Q3 25 | 5.6% | 3.5% | ||
| Q2 25 | -0.4% | 3.3% | ||
| Q1 25 | -4.1% | 3.2% | ||
| Q4 24 | 22.7% | 2.5% | ||
| Q3 24 | -0.7% | 2.3% | ||
| Q2 24 | -2.5% | 2.9% | ||
| Q1 24 | -7.4% | 2.3% |
净利率PINSSCSC
| Q4 25 | 21.0% | 2.2% | ||
| Q3 25 | 8.8% | 2.7% | ||
| Q2 25 | 3.9% | 2.5% | ||
| Q1 25 | 1.0% | 2.5% | ||
| Q4 24 | 160.1% | 2.3% | ||
| Q3 24 | 3.4% | 2.2% | ||
| Q2 24 | 1.0% | 2.2% | ||
| Q1 24 | -3.4% | 1.7% |
每股收益（稀释后）PINSSCSC
| Q4 25 | $0.41 | $0.75 | ||
| Q3 25 | $0.13 | $0.89 | ||
| Q2 25 | $0.06 | $0.87 | ||
| Q1 25 | $0.01 | $0.74 | ||
| Q4 24 | $2.66 | $0.70 | ||
| Q3 24 | $0.04 | $0.69 | ||
| Q2 24 | $0.01 | $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 | $969.3M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $910.9M |
| 总资产 | $5.5B | $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PINSSCSC
| Q4 25 | $969.3M | $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 | $1.4B | $185.5M | ||
| Q1 24 | $1.6B | $159.1M |
股东权益PINSSCSC
| Q4 25 | $4.7B | $910.9M | ||
| Q3 25 | $4.8B | $914.0M | ||
| Q2 25 | $4.8B | $906.4M | ||
| Q1 25 | $4.7B | $901.7M | ||
| Q4 24 | $4.8B | $900.7M | ||
| Q3 24 | $2.9B | $920.9M | ||
| Q2 24 | $3.2B | $924.3M | ||
| Q1 24 | $3.1B | $944.1M |
总资产PINSSCSC
| Q4 25 | $5.5B | $1.7B | ||
| Q3 25 | $5.5B | $1.7B | ||
| Q2 25 | $5.4B | $1.8B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.3B | $1.7B | ||
| Q3 24 | $3.5B | $1.8B | ||
| Q2 24 | $3.7B | $1.8B | ||
| Q1 24 | $3.7B | $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 | $391.2M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 28.8% | 3.8% |
| 资本支出强度资本支出/营收 | 0.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流PINSSCSC
| Q4 25 | $391.2M | $30.8M | ||
| Q3 25 | $321.7M | $23.2M | ||
| Q2 25 | $207.7M | — | ||
| Q1 25 | $363.7M | $66.1M | ||
| Q4 24 | $254.0M | $-6.2M | ||
| Q3 24 | $248.0M | $44.8M | ||
| Q2 24 | $106.4M | — | ||
| Q1 24 | $356.1M | $160.2M |
自由现金流PINSSCSC
| Q4 25 | $380.4M | $28.9M | ||
| Q3 25 | $318.4M | $20.8M | ||
| Q2 25 | $196.7M | — | ||
| Q1 25 | $356.4M | $64.6M | ||
| Q4 24 | $250.2M | $-8.2M | ||
| Q3 24 | $244.1M | $42.5M | ||
| Q2 24 | $101.6M | — | ||
| Q1 24 | $344.0M | $157.7M |
自由现金流率PINSSCSC
| Q4 25 | 28.8% | 3.8% | ||
| Q3 25 | 30.3% | 2.8% | ||
| Q2 25 | 19.7% | — | ||
| Q1 25 | 41.7% | 9.2% | ||
| Q4 24 | 21.7% | -1.1% | ||
| Q3 24 | 27.2% | 5.5% | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 46.5% | 21.0% |
资本支出强度PINSSCSC
| Q4 25 | 0.8% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 0.6% | 0.2% | ||
| Q1 24 | 1.6% | 0.3% |
现金转化率PINSSCSC
| Q4 25 | 1.41× | 1.87× | ||
| Q3 25 | 3.49× | 1.17× | ||
| Q2 25 | 5.36× | — | ||
| Q1 25 | 40.77× | 3.79× | ||
| Q4 24 | 0.14× | -0.36× | ||
| Q3 24 | 8.12× | 2.64× | ||
| Q2 24 | 11.98× | — | ||
| Q1 24 | — | 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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
