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先锋自然资源公司（PR）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是SCANSOURCE, INC.的1.5倍（$1.2B vs $766.5M），先锋自然资源公司净利率更高（29.0% vs 2.2%，领先26.9%），SCANSOURCE, INC.同比增速更快（2.5% vs -9.8%），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -3.0%）
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
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。
PR vs SCSC — 直观对比
营收规模更大
PR
是对方的1.5倍
$766.5M
营收增速更快
SCSC
高出12.3%
-9.8%
净利率更高
PR
高出26.9%
2.2%
两年增速更快
SCSC
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $766.5M |
| 净利润 | $339.5M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 23.1% | 2.3% |
| 净利率 | 29.0% | 2.2% |
| 营收同比 | -9.8% | 2.5% |
| 净利润同比 | 56.7% | -3.3% |
| 每股收益（稀释后） | $0.48 | $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PRSCSC
| Q4 25 | $1.2B | $766.5M | ||
| Q3 25 | $1.3B | $739.6M | ||
| Q2 25 | $1.2B | $812.9M | ||
| Q1 25 | $1.4B | $704.8M | ||
| Q4 24 | $1.3B | $747.5M | ||
| Q3 24 | $1.2B | $775.6M | ||
| Q2 24 | $1.2B | $746.1M | ||
| Q1 24 | $1.2B | $752.6M |
净利润PRSCSC
| Q4 25 | $339.5M | $16.5M | ||
| Q3 25 | $59.2M | $19.9M | ||
| Q2 25 | $207.1M | $20.1M | ||
| Q1 25 | $329.3M | $17.4M | ||
| Q4 24 | $216.7M | $17.1M | ||
| Q3 24 | $386.4M | $17.0M | ||
| Q2 24 | $235.1M | $16.1M | ||
| Q1 24 | $146.6M | $12.8M |
毛利率PRSCSC
| 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PRSCSC
| Q4 25 | 23.1% | 2.3% | ||
| Q3 25 | 29.6% | 3.5% | ||
| Q2 25 | 24.8% | 3.3% | ||
| Q1 25 | 36.6% | 3.2% | ||
| Q4 24 | 32.8% | 2.5% | ||
| Q3 24 | 32.5% | 2.3% | ||
| Q2 24 | 36.5% | 2.9% | ||
| Q1 24 | 37.7% | 2.3% |
净利率PRSCSC
| Q4 25 | 29.0% | 2.2% | ||
| Q3 25 | 4.5% | 2.7% | ||
| Q2 25 | 17.3% | 2.5% | ||
| Q1 25 | 23.9% | 2.5% | ||
| Q4 24 | 16.7% | 2.3% | ||
| Q3 24 | 31.8% | 2.2% | ||
| Q2 24 | 18.9% | 2.2% | ||
| Q1 24 | 11.8% | 1.7% |
每股收益（稀释后）PRSCSC
| Q4 25 | $0.48 | $0.75 | ||
| Q3 25 | $0.08 | $0.89 | ||
| Q2 25 | $0.28 | $0.87 | ||
| Q1 25 | $0.44 | $0.74 | ||
| Q4 24 | $0.31 | $0.70 | ||
| Q3 24 | $0.53 | $0.69 | ||
| Q2 24 | $0.36 | $0.66 | ||
| Q1 24 | $0.25 | $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 | $153.7M | $83.5M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $10.3B | $910.9M |
| 总资产 | $17.9B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.34× | — |
8季度趋势，按日历期对齐
现金及短期投资PRSCSC
| Q4 25 | $153.7M | $83.5M | ||
| Q3 25 | $111.8M | $124.9M | ||
| Q2 25 | $451.0M | $126.2M | ||
| Q1 25 | $702.2M | $146.3M | ||
| Q4 24 | $479.3M | $110.5M | ||
| Q3 24 | $272.0M | $145.0M | ||
| Q2 24 | $47.8M | $185.5M | ||
| Q1 24 | $12.7M | $159.1M |
总债务PRSCSC
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.9B | — |
股东权益PRSCSC
| Q4 25 | $10.3B | $910.9M | ||
| Q3 25 | $10.0B | $914.0M | ||
| Q2 25 | $9.5B | $906.4M | ||
| Q1 25 | $9.4B | $901.7M | ||
| Q4 24 | $9.1B | $900.7M | ||
| Q3 24 | $9.0B | $920.9M | ||
| Q2 24 | $8.3B | $924.3M | ||
| Q1 24 | $7.0B | $944.1M |
总资产PRSCSC
| Q4 25 | $17.9B | $1.7B | ||
| Q3 25 | $17.3B | $1.7B | ||
| Q2 25 | $17.5B | $1.8B | ||
| Q1 25 | $17.1B | $1.7B | ||
| Q4 24 | $16.9B | $1.7B | ||
| Q3 24 | $16.6B | $1.8B | ||
| Q2 24 | $15.4B | $1.8B | ||
| Q1 24 | $15.1B | $1.8B |
负债/权益比PRSCSC
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.56× | — |
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 | $904.3M | $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 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 2.66× | 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PRSCSC
| Q4 25 | $904.3M | $30.8M | ||
| Q3 25 | $766.5M | $23.2M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $898.0M | $66.1M | ||
| Q4 24 | $871.6M | $-6.2M | ||
| Q3 24 | $954.4M | $44.8M | ||
| Q2 24 | $938.4M | — | ||
| Q1 24 | $647.6M | $160.2M |
自由现金流PRSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
自由现金流率PRSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
资本支出强度PRSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率PRSCSC
| Q4 25 | 2.66× | 1.87× | ||
| Q3 25 | 12.94× | 1.17× | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | 2.73× | 3.79× | ||
| Q4 24 | 4.02× | -0.36× | ||
| Q3 24 | 2.47× | 2.64× | ||
| Q2 24 | 3.99× | — | ||
| Q1 24 | 4.42× | 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
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
