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Public Storage（PSA）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
Public Storage的季度营收约是SCANSOURCE, INC.的1.6倍（$1.2B vs $766.5M），Public Storage净利率更高（41.7% vs 2.2%，领先39.6%），Public Storage同比增速更快（3.3% vs 2.5%），过去两年Public Storage的营收复合增速更高（2.5% vs 0.9%）
Public Storage总部位于美国加利福尼亚州格伦代尔，是主营自助仓储业务的房地产投资信托，也是美国最大的自助仓储服务品牌，持有美国约9%的自助仓储面积。截至2024年12月31日，公司运营3073处自助仓储设施，总可出租净面积达2.21亿平方英尺。
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。
PSA vs SCSC — 直观对比
营收规模更大
PSA
是对方的1.6倍
$766.5M
营收增速更快
PSA
高出0.7%
2.5%
净利率更高
PSA
高出39.6%
2.2%
两年增速更快
PSA
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $766.5M |
| 净利润 | $507.1M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 40.7% | 2.3% |
| 净利率 | 41.7% | 2.2% |
| 营收同比 | 3.3% | 2.5% |
| 净利润同比 | -17.5% | -3.3% |
| 每股收益（稀释后） | $2.59 | $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PSASCSC
| Q4 25 | $1.2B | $766.5M | ||
| Q3 25 | $1.2B | $739.6M | ||
| Q2 25 | $1.2B | $812.9M | ||
| Q1 25 | $1.2B | $704.8M | ||
| Q4 24 | $1.2B | $747.5M | ||
| Q3 24 | $1.2B | $775.6M | ||
| Q2 24 | $1.2B | $746.1M | ||
| Q1 24 | $1.2B | $752.6M |
净利润PSASCSC
| Q4 25 | $507.1M | $16.5M | ||
| Q3 25 | $511.1M | $19.9M | ||
| Q2 25 | $358.4M | $20.1M | ||
| Q1 25 | $407.8M | $17.4M | ||
| Q4 24 | $614.6M | $17.1M | ||
| Q3 24 | $430.3M | $17.0M | ||
| Q2 24 | $518.1M | $16.1M | ||
| Q1 24 | $508.9M | $12.8M |
毛利率PSASCSC
| 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PSASCSC
| Q4 25 | 40.7% | 2.3% | ||
| Q3 25 | 42.3% | 3.5% | ||
| Q2 25 | 30.4% | 3.3% | ||
| Q1 25 | 34.8% | 3.2% | ||
| Q4 24 | 52.4% | 2.5% | ||
| Q3 24 | 36.7% | 2.3% | ||
| Q2 24 | 44.6% | 2.9% | ||
| Q1 24 | 44.3% | 2.3% |
净利率PSASCSC
| Q4 25 | 41.7% | 2.2% | ||
| Q3 25 | 41.8% | 2.7% | ||
| Q2 25 | 29.8% | 2.5% | ||
| Q1 25 | 34.5% | 2.5% | ||
| Q4 24 | 52.2% | 2.3% | ||
| Q3 24 | 36.2% | 2.2% | ||
| Q2 24 | 44.2% | 2.2% | ||
| Q1 24 | 44.0% | 1.7% |
每股收益（稀释后）PSASCSC
| Q4 25 | $2.59 | $0.75 | ||
| Q3 25 | $2.62 | $0.89 | ||
| Q2 25 | $1.76 | $0.87 | ||
| Q1 25 | $2.04 | $0.74 | ||
| Q4 24 | $3.22 | $0.70 | ||
| Q3 24 | $2.16 | $0.69 | ||
| Q2 24 | $2.66 | $0.66 | ||
| Q1 24 | $2.60 | $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 | $318.1M | $83.5M |
| 总债务越低越好 | $10.3B | — |
| 股东权益账面价值 | $9.2B | $910.9M |
| 总资产 | $20.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资PSASCSC
| Q4 25 | $318.1M | $83.5M | ||
| Q3 25 | $296.5M | $124.9M | ||
| Q2 25 | $1.1B | $126.2M | ||
| Q1 25 | $287.2M | $146.3M | ||
| Q4 24 | $447.4M | $110.5M | ||
| Q3 24 | $599.0M | $145.0M | ||
| Q2 24 | $542.3M | $185.5M | ||
| Q1 24 | $271.6M | $159.1M |
总债务PSASCSC
| Q4 25 | $10.3B | — | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $10.4B | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $9.4B | — | ||
| Q3 24 | $9.5B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.1B | — |
股东权益PSASCSC
| Q4 25 | $9.2B | $910.9M | ||
| Q3 25 | $9.3B | $914.0M | ||
| Q2 25 | $9.4B | $906.4M | ||
| Q1 25 | $9.6B | $901.7M | ||
| Q4 24 | $9.7B | $900.7M | ||
| Q3 24 | $9.6B | $920.9M | ||
| Q2 24 | $9.7B | $924.3M | ||
| Q1 24 | $9.9B | $944.1M |
总资产PSASCSC
| Q4 25 | $20.2B | $1.7B | ||
| Q3 25 | $20.1B | $1.7B | ||
| Q2 25 | $20.5B | $1.8B | ||
| Q1 25 | $19.6B | $1.7B | ||
| Q4 24 | $19.8B | $1.7B | ||
| Q3 24 | $19.8B | $1.8B | ||
| Q2 24 | $19.8B | $1.8B | ||
| Q1 24 | $19.6B | $1.8B |
负债/权益比PSASCSC
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.96× | — | ||
| Q3 24 | 0.99× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | 0.91× | — |
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 | $733.6M | $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 | 1.45× | 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PSASCSC
| Q4 25 | $733.6M | $30.8M | ||
| Q3 25 | $875.1M | $23.2M | ||
| Q2 25 | $872.7M | — | ||
| Q1 25 | $705.1M | $66.1M | ||
| Q4 24 | $768.6M | $-6.2M | ||
| Q3 24 | $798.8M | $44.8M | ||
| Q2 24 | $895.3M | — | ||
| Q1 24 | $665.6M | $160.2M |
自由现金流PSASCSC
| 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PSASCSC
| 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PSASCSC
| 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PSASCSC
| Q4 25 | 1.45× | 1.87× | ||
| Q3 25 | 1.71× | 1.17× | ||
| Q2 25 | 2.43× | — | ||
| Q1 25 | 1.73× | 3.79× | ||
| Q4 24 | 1.25× | -0.36× | ||
| Q3 24 | 1.86× | 2.64× | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | 1.31× | 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
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
