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Regency Centers（REG）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Regency Centers的1.9倍（$766.5M vs $404.2M），Regency Centers净利率更高（50.1% vs 2.2%，领先47.9%），Regency Centers同比增速更快（8.5% vs 2.5%），过去两年Regency Centers的营收复合增速更高（5.4% vs 0.9%）
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
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。
REG vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.9倍
$404.2M
营收增速更快
REG
高出6.0%
2.5%
净利率更高
REG
高出47.9%
2.2%
两年增速更快
REG
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $766.5M |
| 净利润 | $202.5M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 71.0% | 2.3% |
| 净利率 | 50.1% | 2.2% |
| 营收同比 | 8.5% | 2.5% |
| 净利润同比 | 134.1% | -3.3% |
| 每股收益（稀释后） | — | $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REGSCSC
| Q4 25 | $404.2M | $766.5M | ||
| Q3 25 | $387.6M | $739.6M | ||
| Q2 25 | $380.8M | $812.9M | ||
| Q1 25 | $380.9M | $704.8M | ||
| Q4 24 | $372.5M | $747.5M | ||
| Q3 24 | $360.3M | $775.6M | ||
| Q2 24 | $357.3M | $746.1M | ||
| Q1 24 | $363.9M | $752.6M |
净利润REGSCSC
| Q4 25 | $202.5M | $16.5M | ||
| Q3 25 | $109.4M | $19.9M | ||
| Q2 25 | $106.0M | $20.1M | ||
| Q1 25 | $109.6M | $17.4M | ||
| Q4 24 | $86.5M | $17.1M | ||
| Q3 24 | $101.5M | $17.0M | ||
| Q2 24 | $102.7M | $16.1M | ||
| Q1 24 | $109.8M | $12.8M |
毛利率REGSCSC
| 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REGSCSC
| Q4 25 | 71.0% | 2.3% | ||
| Q3 25 | 72.7% | 3.5% | ||
| Q2 25 | 73.8% | 3.3% | ||
| Q1 25 | 71.8% | 3.2% | ||
| Q4 24 | 71.1% | 2.5% | ||
| Q3 24 | 72.5% | 2.3% | ||
| Q2 24 | 72.3% | 2.9% | ||
| Q1 24 | 72.3% | 2.3% |
净利率REGSCSC
| Q4 25 | 50.1% | 2.2% | ||
| Q3 25 | 28.2% | 2.7% | ||
| Q2 25 | 27.8% | 2.5% | ||
| Q1 25 | 28.8% | 2.5% | ||
| Q4 24 | 23.2% | 2.3% | ||
| Q3 24 | 28.2% | 2.2% | ||
| Q2 24 | 28.7% | 2.2% | ||
| Q1 24 | 30.2% | 1.7% |
每股收益（稀释后）REGSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $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 | — | $83.5M |
| 总债务越低越好 | $4.7B | — |
| 股东权益账面价值 | $6.9B | $910.9M |
| 总资产 | $13.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资REGSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | — | $124.9M | ||
| Q2 25 | — | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | — | $185.5M | ||
| Q1 24 | — | $159.1M |
总债务REGSCSC
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | — |
股东权益REGSCSC
| Q4 25 | $6.9B | $910.9M | ||
| Q3 25 | $6.8B | $914.0M | ||
| Q2 25 | $6.7B | $906.4M | ||
| Q1 25 | $6.7B | $901.7M | ||
| Q4 24 | $6.7B | $900.7M | ||
| Q3 24 | $6.8B | $920.9M | ||
| Q2 24 | $6.8B | $924.3M | ||
| Q1 24 | $7.0B | $944.1M |
总资产REGSCSC
| Q4 25 | $13.0B | $1.7B | ||
| Q3 25 | $13.1B | $1.7B | ||
| Q2 25 | $12.7B | $1.8B | ||
| Q1 25 | $12.6B | $1.7B | ||
| Q4 24 | $12.4B | $1.7B | ||
| Q3 24 | $12.4B | $1.8B | ||
| Q2 24 | $12.4B | $1.8B | ||
| Q1 24 | $12.7B | $1.8B |
负债/权益比REGSCSC
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.63× | — |
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 | $203.9M | $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 | 1.01× | 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REGSCSC
| Q4 25 | $203.9M | $30.8M | ||
| Q3 25 | $218.7M | $23.2M | ||
| Q2 25 | $244.0M | — | ||
| Q1 25 | $161.0M | $66.1M | ||
| Q4 24 | $191.4M | $-6.2M | ||
| Q3 24 | $227.6M | $44.8M | ||
| Q2 24 | $203.5M | — | ||
| Q1 24 | $167.8M | $160.2M |
自由现金流REGSCSC
| 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REGSCSC
| 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REGSCSC
| 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REGSCSC
| Q4 25 | 1.01× | 1.87× | ||
| Q3 25 | 2.00× | 1.17× | ||
| Q2 25 | 2.30× | — | ||
| Q1 25 | 1.47× | 3.79× | ||
| Q4 24 | 2.21× | -0.36× | ||
| Q3 24 | 2.24× | 2.64× | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 1.53× | 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
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
