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SAIA INC（SAIA）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SAIA INC的季度营收约是SCANSOURCE, INC.的1.0倍（$790.0M vs $766.5M），SAIA INC净利率更高（6.0% vs 2.2%，领先3.9%），SCANSOURCE, INC.同比增速更快（2.5% vs 0.1%），SAIA INC自由现金流更多（$37.5M vs $28.9M），过去两年SAIA INC的营收复合增速更高（2.3% vs 0.9%）
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
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。
SAIA vs SCSC — 直观对比
营收规模更大
SAIA
是对方的1.0倍
$766.5M
营收增速更快
SCSC
高出2.4%
0.1%
净利率更高
SAIA
高出3.9%
2.2%
自由现金流更多
SAIA
多$8.6M
$28.9M
两年增速更快
SAIA
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $790.0M | $766.5M |
| 净利润 | $47.5M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 8.1% | 2.3% |
| 净利率 | 6.0% | 2.2% |
| 营收同比 | 0.1% | 2.5% |
| 净利润同比 | -37.6% | -3.3% |
| 每股收益（稀释后） | $1.77 | $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SAIASCSC
| Q4 25 | $790.0M | $766.5M | ||
| Q3 25 | $839.6M | $739.6M | ||
| Q2 25 | $817.1M | $812.9M | ||
| Q1 25 | $787.6M | $704.8M | ||
| Q4 24 | $789.0M | $747.5M | ||
| Q3 24 | $842.1M | $775.6M | ||
| Q2 24 | $823.2M | $746.1M | ||
| Q1 24 | $754.8M | $752.6M |
净利润SAIASCSC
| Q4 25 | $47.5M | $16.5M | ||
| Q3 25 | $86.3M | $19.9M | ||
| Q2 25 | $71.4M | $20.1M | ||
| Q1 25 | $49.8M | $17.4M | ||
| Q4 24 | $76.1M | $17.1M | ||
| Q3 24 | $92.7M | $17.0M | ||
| Q2 24 | $102.5M | $16.1M | ||
| Q1 24 | $90.7M | $12.8M |
毛利率SAIASCSC
| 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SAIASCSC
| Q4 25 | 8.1% | 2.3% | ||
| Q3 25 | 14.1% | 3.5% | ||
| Q2 25 | 12.2% | 3.3% | ||
| Q1 25 | 8.9% | 3.2% | ||
| Q4 24 | 12.9% | 2.5% | ||
| Q3 24 | 14.9% | 2.3% | ||
| Q2 24 | 16.7% | 2.9% | ||
| Q1 24 | 15.6% | 2.3% |
净利率SAIASCSC
| Q4 25 | 6.0% | 2.2% | ||
| Q3 25 | 10.3% | 2.7% | ||
| Q2 25 | 8.7% | 2.5% | ||
| Q1 25 | 6.3% | 2.5% | ||
| Q4 24 | 9.6% | 2.3% | ||
| Q3 24 | 11.0% | 2.2% | ||
| Q2 24 | 12.5% | 2.2% | ||
| Q1 24 | 12.0% | 1.7% |
每股收益（稀释后）SAIASCSC
| Q4 25 | $1.77 | $0.75 | ||
| Q3 25 | $3.22 | $0.89 | ||
| Q2 25 | $2.67 | $0.87 | ||
| Q1 25 | $1.86 | $0.74 | ||
| Q4 24 | $2.84 | $0.70 | ||
| Q3 24 | $3.46 | $0.69 | ||
| Q2 24 | $3.83 | $0.66 | ||
| Q1 24 | $3.38 | $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 | $19.7M | $83.5M |
| 总债务越低越好 | $163.0M | — |
| 股东权益账面价值 | $2.6B | $910.9M |
| 总资产 | $3.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.06× | — |
8季度趋势，按日历期对齐
现金及短期投资SAIASCSC
| Q4 25 | $19.7M | $83.5M | ||
| Q3 25 | $35.5M | $124.9M | ||
| Q2 25 | $18.8M | $126.2M | ||
| Q1 25 | $16.5M | $146.3M | ||
| Q4 24 | $19.5M | $110.5M | ||
| Q3 24 | $14.4M | $145.0M | ||
| Q2 24 | $11.2M | $185.5M | ||
| Q1 24 | $12.3M | $159.1M |
总债务SAIASCSC
| Q4 25 | $163.0M | — | ||
| Q3 25 | $218.0M | — | ||
| Q2 25 | $307.1M | — | ||
| Q1 25 | $291.8M | — | ||
| Q4 24 | $195.0M | — | ||
| Q3 24 | $184.2M | — | ||
| Q2 24 | $169.1M | — | ||
| Q1 24 | $76.6M | — |
股东权益SAIASCSC
| Q4 25 | $2.6B | $910.9M | ||
| Q3 25 | $2.5B | $914.0M | ||
| Q2 25 | $2.4B | $906.4M | ||
| Q1 25 | $2.4B | $901.7M | ||
| Q4 24 | $2.3B | $900.7M | ||
| Q3 24 | $2.2B | $920.9M | ||
| Q2 24 | $2.1B | $924.3M | ||
| Q1 24 | $2.0B | $944.1M |
总资产SAIASCSC
| Q4 25 | $3.5B | $1.7B | ||
| Q3 25 | $3.5B | $1.7B | ||
| Q2 25 | $3.5B | $1.8B | ||
| Q1 25 | $3.4B | $1.7B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B | ||
| Q1 24 | $2.8B | $1.8B |
负债/权益比SAIASCSC
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.09× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | 0.08× | — | ||
| Q1 24 | 0.04× | — |
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 | $137.3M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $37.5M | $28.9M |
| 自由现金流率自由现金流/营收 | 4.7% | 3.8% |
| 资本支出强度资本支出/营收 | 12.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.89× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $27.3M | — |
8季度趋势，按日历期对齐
经营现金流SAIASCSC
| Q4 25 | $137.3M | $30.8M | ||
| Q3 25 | $177.8M | $23.2M | ||
| Q2 25 | $170.7M | — | ||
| Q1 25 | $109.1M | $66.1M | ||
| Q4 24 | $164.7M | $-6.2M | ||
| Q3 24 | $181.7M | $44.8M | ||
| Q2 24 | $130.8M | — | ||
| Q1 24 | $106.5M | $160.2M |
自由现金流SAIASCSC
| Q4 25 | $37.5M | $28.9M | ||
| Q3 25 | $87.6M | $20.8M | ||
| Q2 25 | $-3.9M | — | ||
| Q1 25 | $-93.8M | $64.6M | ||
| Q4 24 | $-3.5M | $-8.2M | ||
| Q3 24 | $-11.7M | $42.5M | ||
| Q2 24 | $-94.0M | — | ||
| Q1 24 | $-350.7M | $157.7M |
自由现金流率SAIASCSC
| Q4 25 | 4.7% | 3.8% | ||
| Q3 25 | 10.4% | 2.8% | ||
| Q2 25 | -0.5% | — | ||
| Q1 25 | -11.9% | 9.2% | ||
| Q4 24 | -0.4% | -1.1% | ||
| Q3 24 | -1.4% | 5.5% | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | -46.5% | 21.0% |
资本支出强度SAIASCSC
| Q4 25 | 12.6% | 0.3% | ||
| Q3 25 | 10.8% | 0.3% | ||
| Q2 25 | 21.4% | 0.3% | ||
| Q1 25 | 25.8% | 0.2% | ||
| Q4 24 | 21.3% | 0.3% | ||
| Q3 24 | 23.0% | 0.3% | ||
| Q2 24 | 27.3% | 0.2% | ||
| Q1 24 | 60.6% | 0.3% |
现金转化率SAIASCSC
| Q4 25 | 2.89× | 1.87× | ||
| Q3 25 | 2.06× | 1.17× | ||
| Q2 25 | 2.39× | — | ||
| Q1 25 | 2.19× | 3.79× | ||
| Q4 24 | 2.16× | -0.36× | ||
| Q3 24 | 1.96× | 2.64× | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.17× | 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
SAIA
暂无分部数据
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
