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Real Brokerage Inc（REAX）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Real Brokerage Inc的1.3倍（$766.5M vs $568.5M），SCANSOURCE, INC.净利率更高（2.2% vs -0.1%，领先2.2%），Real Brokerage Inc同比增速更快（52.6% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $8.4M）
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.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。
REAX vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.3倍
$568.5M
营收增速更快
REAX
高出50.1%
2.5%
净利率更高
SCSC
高出2.2%
-0.1%
自由现金流更多
SCSC
多$20.5M
$8.4M
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $568.5M | $766.5M |
| 净利润 | $-447.0K | $16.5M |
| 毛利率 | 7.9% | 13.4% |
| 营业利润率 | -0.1% | 2.3% |
| 净利率 | -0.1% | 2.2% |
| 营收同比 | 52.6% | 2.5% |
| 净利润同比 | 82.7% | -3.3% |
| 每股收益（稀释后） | $0.00 | $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REAXSCSC
| Q4 25 | — | $766.5M | ||
| Q3 25 | $568.5M | $739.6M | ||
| Q2 25 | $540.7M | $812.9M | ||
| Q1 25 | $354.0M | $704.8M | ||
| Q4 24 | — | $747.5M | ||
| Q3 24 | $372.5M | $775.6M | ||
| Q2 24 | — | $746.1M | ||
| Q1 24 | $200.7M | $752.6M |
净利润REAXSCSC
| Q4 25 | — | $16.5M | ||
| Q3 25 | $-447.0K | $19.9M | ||
| Q2 25 | $1.5M | $20.1M | ||
| Q1 25 | $-5.0M | $17.4M | ||
| Q4 24 | — | $17.1M | ||
| Q3 24 | $-2.6M | $17.0M | ||
| Q2 24 | — | $16.1M | ||
| Q1 24 | $-16.1M | $12.8M |
毛利率REAXSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | 7.9% | 14.5% | ||
| Q2 25 | 8.9% | 12.9% | ||
| Q1 25 | 9.6% | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 8.6% | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | 10.3% | 12.6% |
营业利润率REAXSCSC
| Q4 25 | — | 2.3% | ||
| Q3 25 | -0.1% | 3.5% | ||
| Q2 25 | 0.3% | 3.3% | ||
| Q1 25 | -1.5% | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | -0.7% | 2.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | -7.8% | 2.3% |
净利率REAXSCSC
| Q4 25 | — | 2.2% | ||
| Q3 25 | -0.1% | 2.7% | ||
| Q2 25 | 0.3% | 2.5% | ||
| Q1 25 | -1.4% | 2.5% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | -0.7% | 2.2% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | -8.0% | 1.7% |
每股收益（稀释后）REAXSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | $0.00 | $0.89 | ||
| Q2 25 | $0.01 | $0.87 | ||
| Q1 25 | $-0.02 | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | $-0.01 | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | $-0.09 | $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 | $38.7M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $53.6M | $910.9M |
| 总资产 | $145.2M | $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REAXSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | $38.7M | $124.9M | ||
| Q2 25 | $49.7M | $126.2M | ||
| Q1 25 | $24.7M | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | $22.6M | $145.0M | ||
| Q2 24 | — | $185.5M | ||
| Q1 24 | $20.1M | $159.1M |
股东权益REAXSCSC
| Q4 25 | — | $910.9M | ||
| Q3 25 | $53.6M | $914.0M | ||
| Q2 25 | $49.2M | $906.4M | ||
| Q1 25 | $32.8M | $901.7M | ||
| Q4 24 | — | $900.7M | ||
| Q3 24 | $29.8M | $920.9M | ||
| Q2 24 | — | $924.3M | ||
| Q1 24 | $25.6M | $944.1M |
总资产REAXSCSC
| Q4 25 | — | $1.7B | ||
| Q3 25 | $145.2M | $1.7B | ||
| Q2 25 | $149.4M | $1.8B | ||
| Q1 25 | $100.5M | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $102.5M | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $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 | $8.8M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $8.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 1.5% | 3.8% |
| 资本支出强度资本支出/营收 | 0.1% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $71.7M | — |
8季度趋势，按日历期对齐
经营现金流REAXSCSC
| Q4 25 | — | $30.8M | ||
| Q3 25 | $8.8M | $23.2M | ||
| Q2 25 | $41.0M | — | ||
| Q1 25 | $15.9M | $66.1M | ||
| Q4 24 | — | $-6.2M | ||
| Q3 24 | $7.2M | $44.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | $21.5M | $160.2M |
自由现金流REAXSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | $8.4M | $20.8M | ||
| Q2 25 | $40.8M | — | ||
| Q1 25 | $15.7M | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | $6.8M | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | $21.4M | $157.7M |
自由现金流率REAXSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | 1.5% | 2.8% | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 4.4% | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | 1.8% | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.7% | 21.0% |
资本支出强度REAXSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.0% | 0.3% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | 0.0% | 0.3% |
现金转化率REAXSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 27.13× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| 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
REAX
暂无分部数据
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
