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RLI CORP（RLI）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RLI CORP的1.6倍（$766.5M vs $465.7M），RLI CORP净利率更高（19.6% vs 2.2%，领先17.4%），RLI CORP同比增速更快（6.1% vs 2.5%），RLI CORP自由现金流更多（$155.0M vs $28.9M），过去两年RLI CORP的营收复合增速更高（2.3% vs 0.9%）
RLI Corp是一家总部位于美国伊利诺伊州皮奥里亚的专业保险公司，主营财产保险与意外伤害保险业务，深耕保险领域多年，凭借成熟的风险管控体系与定制化产品矩阵，为不同类型的客户提供全面可靠的风险保障服务。
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。
RLI vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.6倍
$465.7M
营收增速更快
RLI
高出3.5%
2.5%
净利率更高
RLI
高出17.4%
2.2%
自由现金流更多
RLI
多$126.1M
$28.9M
两年增速更快
RLI
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $465.7M | $766.5M |
| 净利润 | $91.2M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 24.4% | 2.3% |
| 净利率 | 19.6% | 2.2% |
| 营收同比 | 6.1% | 2.5% |
| 净利润同比 | 123.1% | -3.3% |
| 每股收益（稀释后） | $1.00 | $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RLISCSC
| Q4 25 | $465.7M | $766.5M | ||
| Q3 25 | $509.3M | $739.6M | ||
| Q2 25 | $499.8M | $812.9M | ||
| Q1 25 | $407.7M | $704.8M | ||
| Q4 24 | $439.1M | $747.5M | ||
| Q3 24 | $470.0M | $775.6M | ||
| Q2 24 | $416.4M | $746.1M | ||
| Q1 24 | $444.8M | $752.6M |
净利润RLISCSC
| Q4 25 | $91.2M | $16.5M | ||
| Q3 25 | $124.6M | $19.9M | ||
| Q2 25 | $124.3M | $20.1M | ||
| Q1 25 | $63.2M | $17.4M | ||
| Q4 24 | $40.9M | $17.1M | ||
| Q3 24 | $95.0M | $17.0M | ||
| Q2 24 | $82.0M | $16.1M | ||
| Q1 24 | $127.9M | $12.8M |
毛利率RLISCSC
| 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RLISCSC
| Q4 25 | 24.4% | 2.3% | ||
| Q3 25 | 30.9% | 3.5% | ||
| Q2 25 | 31.3% | 3.3% | ||
| Q1 25 | 19.3% | 3.2% | ||
| Q4 24 | 10.8% | 2.5% | ||
| Q3 24 | 24.9% | 2.3% | ||
| Q2 24 | 24.8% | 2.9% | ||
| Q1 24 | 36.0% | 2.3% |
净利率RLISCSC
| Q4 25 | 19.6% | 2.2% | ||
| Q3 25 | 24.5% | 2.7% | ||
| Q2 25 | 24.9% | 2.5% | ||
| Q1 25 | 15.5% | 2.5% | ||
| Q4 24 | 9.3% | 2.3% | ||
| Q3 24 | 20.2% | 2.2% | ||
| Q2 24 | 19.7% | 2.2% | ||
| Q1 24 | 28.8% | 1.7% |
每股收益（稀释后）RLISCSC
| Q4 25 | $1.00 | $0.75 | ||
| Q3 25 | $1.35 | $0.89 | ||
| Q2 25 | $1.34 | $0.87 | ||
| Q1 25 | $0.68 | $0.74 | ||
| Q4 24 | $-2.87 | $0.70 | ||
| Q3 24 | $2.06 | $0.69 | ||
| Q2 24 | $1.78 | $0.66 | ||
| Q1 24 | $2.77 | $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 | — | — |
| 股东权益账面价值 | $1.8B | $910.9M |
| 总资产 | $6.2B | $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RLISCSC
| 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RLISCSC
| Q4 25 | — | — | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $100.0M | — |
股东权益RLISCSC
| Q4 25 | $1.8B | $910.9M | ||
| Q3 25 | $1.9B | $914.0M | ||
| Q2 25 | $1.7B | $906.4M | ||
| Q1 25 | $1.6B | $901.7M | ||
| Q4 24 | $1.5B | $900.7M | ||
| Q3 24 | $1.7B | $920.9M | ||
| Q2 24 | $1.6B | $924.3M | ||
| Q1 24 | $1.5B | $944.1M |
总资产RLISCSC
| Q4 25 | $6.2B | $1.7B | ||
| Q3 25 | $6.2B | $1.7B | ||
| Q2 25 | $6.0B | $1.8B | ||
| Q1 25 | $5.7B | $1.7B | ||
| Q4 24 | $5.6B | $1.7B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.5B | $1.8B | ||
| Q1 24 | $5.3B | $1.8B |
负债/权益比RLISCSC
| Q4 25 | — | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.07× | — |
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 | $156.8M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $155.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 33.3% | 3.8% |
| 资本支出强度资本支出/营收 | 0.4% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.72× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $608.7M | — |
8季度趋势，按日历期对齐
经营现金流RLISCSC
| Q4 25 | $156.8M | $30.8M | ||
| Q3 25 | $179.2M | $23.2M | ||
| Q2 25 | $174.7M | — | ||
| Q1 25 | $103.5M | $66.1M | ||
| Q4 24 | $128.1M | $-6.2M | ||
| Q3 24 | $219.4M | $44.8M | ||
| Q2 24 | $141.8M | — | ||
| Q1 24 | $70.9M | $160.2M |
自由现金流RLISCSC
| Q4 25 | $155.0M | $28.9M | ||
| Q3 25 | $177.8M | $20.8M | ||
| Q2 25 | $173.4M | — | ||
| Q1 25 | $102.5M | $64.6M | ||
| Q4 24 | $127.6M | $-8.2M | ||
| Q3 24 | $219.0M | $42.5M | ||
| Q2 24 | $139.1M | — | ||
| Q1 24 | $69.9M | $157.7M |
自由现金流率RLISCSC
| Q4 25 | 33.3% | 3.8% | ||
| Q3 25 | 34.9% | 2.8% | ||
| Q2 25 | 34.7% | — | ||
| Q1 25 | 25.1% | 9.2% | ||
| Q4 24 | 29.0% | -1.1% | ||
| Q3 24 | 46.6% | 5.5% | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 15.7% | 21.0% |
资本支出强度RLISCSC
| Q4 25 | 0.4% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.3% | 0.3% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 0.2% | 0.3% |
现金转化率RLISCSC
| Q4 25 | 1.72× | 1.87× | ||
| Q3 25 | 1.44× | 1.17× | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.64× | 3.79× | ||
| Q4 24 | 3.13× | -0.36× | ||
| Q3 24 | 2.31× | 2.64× | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | 0.55× | 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
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
