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RBC Bearings INC（RBC）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RBC Bearings INC的1.7倍（$766.5M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 2.2%，领先12.4%），RBC Bearings INC同比增速更快（17.0% vs 2.5%），RBC Bearings INC自由现金流更多（$99.1M vs $28.9M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 0.9%）
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
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。
RBC vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.7倍
$461.6M
营收增速更快
RBC
高出14.5%
2.5%
净利率更高
RBC
高出12.4%
2.2%
自由现金流更多
RBC
多$70.2M
$28.9M
两年增速更快
RBC
近两年复合增速
0.9%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $461.6M | $766.5M |
| 净利润 | $67.4M | $16.5M |
| 毛利率 | 44.3% | 13.4% |
| 营业利润率 | 22.3% | 2.3% |
| 净利率 | 14.6% | 2.2% |
| 营收同比 | 17.0% | 2.5% |
| 净利润同比 | 16.4% | -3.3% |
| 每股收益（稀释后） | $2.13 | $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RBCSCSC
| Q4 25 | $461.6M | $766.5M | ||
| Q3 25 | $455.3M | $739.6M | ||
| Q2 25 | $436.0M | $812.9M | ||
| Q1 25 | $437.7M | $704.8M | ||
| Q4 24 | $394.4M | $747.5M | ||
| Q3 24 | $397.9M | $775.6M | ||
| Q2 24 | $406.3M | $746.1M | ||
| Q1 24 | $413.7M | $752.6M |
净利润RBCSCSC
| Q4 25 | $67.4M | $16.5M | ||
| Q3 25 | $60.0M | $19.9M | ||
| Q2 25 | $68.5M | $20.1M | ||
| Q1 25 | $72.7M | $17.4M | ||
| Q4 24 | $57.9M | $17.1M | ||
| Q3 24 | $54.2M | $17.0M | ||
| Q2 24 | $61.4M | $16.1M | ||
| Q1 24 | — | $12.8M |
毛利率RBCSCSC
| Q4 25 | 44.3% | 13.4% | ||
| Q3 25 | 44.1% | 14.5% | ||
| Q2 25 | 44.8% | 12.9% | ||
| Q1 25 | 44.2% | 14.2% | ||
| Q4 24 | 44.3% | 13.6% | ||
| Q3 24 | 43.7% | 13.1% | ||
| Q2 24 | 45.3% | 13.0% | ||
| Q1 24 | 43.1% | 12.6% |
营业利润率RBCSCSC
| Q4 25 | 22.3% | 2.3% | ||
| Q3 25 | 21.5% | 3.5% | ||
| Q2 25 | 23.2% | 3.3% | ||
| Q1 25 | 23.0% | 3.2% | ||
| Q4 24 | 21.7% | 2.5% | ||
| Q3 24 | 21.6% | 2.3% | ||
| Q2 24 | 24.0% | 2.9% | ||
| Q1 24 | 22.8% | 2.3% |
净利率RBCSCSC
| Q4 25 | 14.6% | 2.2% | ||
| Q3 25 | 13.2% | 2.7% | ||
| Q2 25 | 15.7% | 2.5% | ||
| Q1 25 | 16.6% | 2.5% | ||
| Q4 24 | 14.7% | 2.3% | ||
| Q3 24 | 13.6% | 2.2% | ||
| Q2 24 | 15.1% | 2.2% | ||
| Q1 24 | — | 1.7% |
每股收益（稀释后）RBCSCSC
| Q4 25 | $2.13 | $0.75 | ||
| Q3 25 | $1.90 | $0.89 | ||
| Q2 25 | $2.17 | $0.87 | ||
| Q1 25 | $2.33 | $0.74 | ||
| Q4 24 | $1.82 | $0.70 | ||
| Q3 24 | $1.65 | $0.69 | ||
| Q2 24 | $1.90 | $0.66 | ||
| Q1 24 | $1.92 | $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 | $107.6M | $83.5M |
| 总债务越低越好 | $990.2M | — |
| 股东权益账面价值 | $3.3B | $910.9M |
| 总资产 | $5.1B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资RBCSCSC
| Q4 25 | $107.6M | $83.5M | ||
| Q3 25 | $91.2M | $124.9M | ||
| Q2 25 | $132.9M | $126.2M | ||
| Q1 25 | $36.8M | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | $76.8M | $185.5M | ||
| Q1 24 | $63.5M | $159.1M |
总债务RBCSCSC
| Q4 25 | $990.2M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $915.6M | — | ||
| Q1 25 | $920.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.2B | — |
股东权益RBCSCSC
| Q4 25 | $3.3B | $910.9M | ||
| Q3 25 | $3.2B | $914.0M | ||
| Q2 25 | $3.1B | $906.4M | ||
| Q1 25 | $3.0B | $901.7M | ||
| Q4 24 | $2.9B | $900.7M | ||
| Q3 24 | $2.9B | $920.9M | ||
| Q2 24 | $2.8B | $924.3M | ||
| Q1 24 | $2.8B | $944.1M |
总资产RBCSCSC
| Q4 25 | $5.1B | $1.7B | ||
| Q3 25 | $5.1B | $1.7B | ||
| Q2 25 | $4.8B | $1.8B | ||
| Q1 25 | $4.7B | $1.7B | ||
| Q4 24 | $4.7B | $1.7B | ||
| Q3 24 | $4.7B | $1.8B | ||
| Q2 24 | $4.7B | $1.8B | ||
| Q1 24 | $4.7B | $1.8B |
负债/权益比RBCSCSC
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.43× | — |
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 | $122.1M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $99.1M | $28.9M |
| 自由现金流率自由现金流/营收 | 21.5% | 3.8% |
| 资本支出强度资本支出/营收 | 5.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.81× | 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RBCSCSC
| Q4 25 | $122.1M | $30.8M | ||
| Q3 25 | $88.4M | $23.2M | ||
| Q2 25 | $120.0M | — | ||
| Q1 25 | — | $66.1M | ||
| Q4 24 | $84.0M | $-6.2M | ||
| Q3 24 | — | $44.8M | ||
| Q2 24 | $97.4M | — | ||
| Q1 24 | — | $160.2M |
自由现金流RBCSCSC
| Q4 25 | $99.1M | $28.9M | ||
| Q3 25 | $71.7M | $20.8M | ||
| Q2 25 | $104.3M | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | $73.6M | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | $88.4M | — | ||
| Q1 24 | — | $157.7M |
自由现金流率RBCSCSC
| Q4 25 | 21.5% | 3.8% | ||
| Q3 25 | 15.7% | 2.8% | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | 18.7% | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | 21.8% | — | ||
| Q1 24 | — | 21.0% |
资本支出强度RBCSCSC
| Q4 25 | 5.0% | 0.3% | ||
| Q3 25 | 3.7% | 0.3% | ||
| Q2 25 | 3.6% | 0.3% | ||
| Q1 25 | 3.2% | 0.2% | ||
| Q4 24 | 2.6% | 0.3% | ||
| Q3 24 | 4.1% | 0.3% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率RBCSCSC
| Q4 25 | 1.81× | 1.87× | ||
| Q3 25 | 1.47× | 1.17× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 1.45× | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | 1.59× | — | ||
| 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
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
