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怡安集团（RYAN）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
怡安集团的季度营收约是SCANSOURCE, INC.的1.0倍（$795.2M vs $766.5M），怡安集团净利率更高（5.1% vs 2.2%，领先3.0%），怡安集团同比增速更快（15.2% vs 2.5%），过去两年怡安集团的营收复合增速更高（8.1% vs 0.9%）
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
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。
RYAN vs SCSC — 直观对比
营收规模更大
RYAN
是对方的1.0倍
$766.5M
营收增速更快
RYAN
高出12.7%
2.5%
净利率更高
RYAN
高出3.0%
2.2%
两年增速更快
RYAN
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $795.2M | $766.5M |
| 净利润 | $40.6M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 11.9% | 2.3% |
| 净利率 | 5.1% | 2.2% |
| 营收同比 | 15.2% | 2.5% |
| 净利润同比 | 1025.0% | -3.3% |
| 每股收益（稀释后） | $0.13 | $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RYANSCSC
| Q1 26 | $795.2M | — | ||
| Q4 25 | $738.0M | $766.5M | ||
| Q3 25 | $739.6M | $739.6M | ||
| Q2 25 | $840.9M | $812.9M | ||
| Q1 25 | $676.1M | $704.8M | ||
| Q4 24 | $649.4M | $747.5M | ||
| Q3 24 | $588.1M | $775.6M | ||
| Q2 24 | $680.2M | $746.1M |
净利润RYANSCSC
| Q1 26 | $40.6M | — | ||
| Q4 25 | $8.0M | $16.5M | ||
| Q3 25 | $31.1M | $19.9M | ||
| Q2 25 | $52.0M | $20.1M | ||
| Q1 25 | $-27.6M | $17.4M | ||
| Q4 24 | $13.8M | $17.1M | ||
| Q3 24 | $17.6M | $17.0M | ||
| Q2 24 | $46.8M | $16.1M |
毛利率RYANSCSC
| Q1 26 | — | — | ||
| 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% |
营业利润率RYANSCSC
| Q1 26 | 11.9% | — | ||
| Q4 25 | 12.4% | 2.3% | ||
| Q3 25 | 15.0% | 3.5% | ||
| Q2 25 | 22.7% | 3.3% | ||
| Q1 25 | 14.8% | 3.2% | ||
| Q4 24 | 16.8% | 2.5% | ||
| Q3 24 | 13.9% | 2.3% | ||
| Q2 24 | 24.2% | 2.9% |
净利率RYANSCSC
| Q1 26 | 5.1% | — | ||
| Q4 25 | 1.1% | 2.2% | ||
| Q3 25 | 4.2% | 2.7% | ||
| Q2 25 | 6.2% | 2.5% | ||
| Q1 25 | -4.1% | 2.5% | ||
| Q4 24 | 2.1% | 2.3% | ||
| Q3 24 | 3.0% | 2.2% | ||
| Q2 24 | 6.9% | 2.2% |
每股收益（稀释后）RYANSCSC
| Q1 26 | $0.13 | — | ||
| 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 |
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 | $154.7M | $83.5M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $1.2B | $910.9M |
| 总资产 | $11.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 2.90× | — |
8季度趋势，按日历期对齐
现金及短期投资RYANSCSC
| Q1 26 | $154.7M | — | ||
| Q4 25 | $158.3M | $83.5M | ||
| Q3 25 | $153.5M | $124.9M | ||
| Q2 25 | $172.6M | $126.2M | ||
| Q1 25 | $203.5M | $146.3M | ||
| Q4 24 | $540.2M | $110.5M | ||
| Q3 24 | $235.2M | $145.0M | ||
| Q2 24 | $1.7B | $185.5M |
总债务RYANSCSC
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益RYANSCSC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $648.1M | $910.9M | ||
| Q3 25 | $630.5M | $914.0M | ||
| Q2 25 | $610.1M | $906.4M | ||
| Q1 25 | $542.5M | $901.7M | ||
| Q4 24 | $627.7M | $900.7M | ||
| Q3 24 | $632.8M | $920.9M | ||
| Q2 24 | $605.9M | $924.3M |
总资产RYANSCSC
| Q1 26 | $11.0B | — | ||
| Q4 25 | $10.6B | $1.7B | ||
| Q3 25 | $9.9B | $1.7B | ||
| Q2 25 | $10.6B | $1.8B | ||
| Q1 25 | $9.9B | $1.7B | ||
| Q4 24 | $9.6B | $1.7B | ||
| Q3 24 | $8.5B | $1.8B | ||
| Q2 24 | $8.3B | $1.8B |
负债/权益比RYANSCSC
| Q1 26 | 2.90× | — | ||
| Q4 25 | 5.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $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 | 1.7% | 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 | — | — |
8季度趋势，按日历期对齐
经营现金流RYANSCSC
| Q1 26 | — | — | ||
| Q4 25 | $263.2M | $30.8M | ||
| Q3 25 | $169.7M | $23.2M | ||
| Q2 25 | $353.6M | — | ||
| Q1 25 | $-142.8M | $66.1M | ||
| Q4 24 | $259.6M | $-6.2M | ||
| Q3 24 | $100.9M | $44.8M | ||
| Q2 24 | $270.8M | — |
自由现金流RYANSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | $28.9M | ||
| Q3 25 | $167.3M | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | $-143.5M | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — |
自由现金流率RYANSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | 22.6% | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | -21.2% | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — |
资本支出强度RYANSCSC
| Q1 26 | 1.7% | — | ||
| Q4 25 | 0.0% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.0% | 0.3% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.2% |
现金转化率RYANSCSC
| Q1 26 | — | — | ||
| Q4 25 | 32.99× | 1.87× | ||
| Q3 25 | 5.46× | 1.17× | ||
| Q2 25 | 6.80× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 18.88× | -0.36× | ||
| Q3 24 | 5.74× | 2.64× | ||
| Q2 24 | 5.79× | — |
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
RYAN
| Compensation and benefits | $495.2M | 62% |
| Other | $260.4M | 33% |
| Change in contingent consideration | $27.3M | 3% |
| Fiduciary investment income | $12.3M | 2% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
