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STEPAN CO（SCL）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STEPAN CO的1.3倍（$766.5M vs $604.5M），STEPAN CO净利率更高（3.3% vs 2.2%，领先1.1%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.9%），过去两年STEPAN CO的营收复合增速更高（4.2% vs 0.9%）
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
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。
SCL vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.3倍
$604.5M
营收增速更快
SCSC
高出0.6%
1.9%
净利率更高
SCL
高出1.1%
2.2%
两年增速更快
SCL
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $604.5M | $766.5M |
| 净利润 | $19.7M | $16.5M |
| 毛利率 | 10.7% | 13.4% |
| 营业利润率 | 4.7% | 2.3% |
| 净利率 | 3.3% | 2.2% |
| 营收同比 | 1.9% | 2.5% |
| 净利润同比 | — | -3.3% |
| 每股收益（稀释后） | $0.86 | $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SCLSCSC
| Q1 26 | $604.5M | — | ||
| Q4 25 | $553.9M | $766.5M | ||
| Q3 25 | $590.3M | $739.6M | ||
| Q2 25 | $594.7M | $812.9M | ||
| Q1 25 | $593.3M | $704.8M | ||
| Q4 24 | $525.6M | $747.5M | ||
| Q3 24 | $546.8M | $775.6M | ||
| Q2 24 | $556.4M | $746.1M |
净利润SCLSCSC
| Q1 26 | $19.7M | — | ||
| Q4 25 | $5.0M | $16.5M | ||
| Q3 25 | $10.8M | $19.9M | ||
| Q2 25 | $11.3M | $20.1M | ||
| Q1 25 | $19.7M | $17.4M | ||
| Q4 24 | $3.4M | $17.1M | ||
| Q3 24 | $23.6M | $17.0M | ||
| Q2 24 | $9.5M | $16.1M |
毛利率SCLSCSC
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.3% | 13.4% | ||
| Q3 25 | 12.0% | 14.5% | ||
| Q2 25 | 12.1% | 12.9% | ||
| Q1 25 | 12.7% | 14.2% | ||
| Q4 24 | 10.8% | 13.6% | ||
| Q3 24 | 13.8% | 13.1% | ||
| Q2 24 | 12.5% | 13.0% |
营业利润率SCLSCSC
| Q1 26 | 4.7% | — | ||
| Q4 25 | 1.9% | 2.3% | ||
| Q3 25 | 3.7% | 3.5% | ||
| Q2 25 | 3.0% | 3.3% | ||
| Q1 25 | 4.8% | 3.2% | ||
| Q4 24 | 1.5% | 2.5% | ||
| Q3 24 | 4.4% | 2.3% | ||
| Q2 24 | 3.4% | 2.9% |
净利率SCLSCSC
| Q1 26 | 3.3% | — | ||
| Q4 25 | 0.9% | 2.2% | ||
| Q3 25 | 1.8% | 2.7% | ||
| Q2 25 | 1.9% | 2.5% | ||
| Q1 25 | 3.3% | 2.5% | ||
| Q4 24 | 0.6% | 2.3% | ||
| Q3 24 | 4.3% | 2.2% | ||
| Q2 24 | 1.7% | 2.2% |
每股收益（稀释后）SCLSCSC
| Q1 26 | $0.86 | — | ||
| Q4 25 | $0.22 | $0.75 | ||
| Q3 25 | $0.47 | $0.89 | ||
| Q2 25 | $0.50 | $0.87 | ||
| Q1 25 | $0.86 | $0.74 | ||
| Q4 24 | $0.14 | $0.70 | ||
| Q3 24 | $1.03 | $0.69 | ||
| Q2 24 | $0.42 | $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 | — | $83.5M |
| 总债务越低越好 | $328.4M | — |
| 股东权益账面价值 | $1.2B | $910.9M |
| 总资产 | $2.3B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资SCLSCSC
| Q1 26 | — | — | ||
| Q4 25 | $132.7M | $83.5M | ||
| Q3 25 | $118.5M | $124.9M | ||
| Q2 25 | $88.9M | $126.2M | ||
| Q1 25 | $107.5M | $146.3M | ||
| Q4 24 | $99.7M | $110.5M | ||
| Q3 24 | $147.3M | $145.0M | ||
| Q2 24 | $124.7M | $185.5M |
总债务SCLSCSC
| Q1 26 | $328.4M | — | ||
| Q4 25 | $626.7M | — | ||
| Q3 25 | $655.5M | — | ||
| Q2 25 | $658.0M | — | ||
| Q1 25 | $659.3M | — | ||
| Q4 24 | $625.4M | — | ||
| Q3 24 | $688.5M | — | ||
| Q2 24 | $657.1M | — |
股东权益SCLSCSC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $910.9M | ||
| Q3 25 | $1.2B | $914.0M | ||
| Q2 25 | $1.2B | $906.4M | ||
| Q1 25 | $1.2B | $901.7M | ||
| Q4 24 | $1.2B | $900.7M | ||
| Q3 24 | $1.2B | $920.9M | ||
| Q2 24 | $1.2B | $924.3M |
总资产SCLSCSC
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B |
负债/权益比SCLSCSC
| Q1 26 | 0.28× | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.55× | — |
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 | — | 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SCLSCSC
| Q1 26 | — | — | ||
| Q4 25 | $60.0M | $30.8M | ||
| Q3 25 | $69.8M | $23.2M | ||
| Q2 25 | $11.2M | — | ||
| Q1 25 | $6.9M | $66.1M | ||
| Q4 24 | $68.3M | $-6.2M | ||
| Q3 24 | $22.7M | $44.8M | ||
| Q2 24 | $29.5M | — |
自由现金流SCLSCSC
| Q1 26 | — | — | ||
| Q4 25 | $25.4M | $28.9M | ||
| Q3 25 | $40.2M | $20.8M | ||
| Q2 25 | $-14.4M | — | ||
| Q1 25 | $-25.8M | $64.6M | ||
| Q4 24 | $32.1M | $-8.2M | ||
| Q3 24 | $-4.0M | $42.5M | ||
| Q2 24 | $-208.0K | — |
自由现金流率SCLSCSC
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 3.8% | ||
| Q3 25 | 6.8% | 2.8% | ||
| Q2 25 | -2.4% | — | ||
| Q1 25 | -4.3% | 9.2% | ||
| Q4 24 | 6.1% | -1.1% | ||
| Q3 24 | -0.7% | 5.5% | ||
| Q2 24 | -0.0% | — |
资本支出强度SCLSCSC
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 0.3% | ||
| Q3 25 | 5.0% | 0.3% | ||
| Q2 25 | 4.3% | 0.3% | ||
| Q1 25 | 5.5% | 0.2% | ||
| Q4 24 | 6.9% | 0.3% | ||
| Q3 24 | 4.9% | 0.3% | ||
| Q2 24 | 5.3% | 0.2% |
现金转化率SCLSCSC
| Q1 26 | — | — | ||
| Q4 25 | 11.99× | 1.87× | ||
| Q3 25 | 6.44× | 1.17× | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 0.35× | 3.79× | ||
| Q4 24 | 20.38× | -0.36× | ||
| Q3 24 | 0.96× | 2.64× | ||
| Q2 24 | 3.10× | — |
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
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
