vs
SCANSOURCE, INC.（SCSC）与SLM Corp（SLM）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SLM Corp的1.4倍（$766.5M vs $560.0M），SLM Corp净利率更高（55.0% vs 2.2%，领先52.8%），过去两年SLM Corp的营收复合增速更高（22.7% vs 0.9%）
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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
SCSC vs SLM — 直观对比
营收规模更大
SCSC
是对方的1.4倍
$560.0M
净利率更高
SLM
高出52.8%
2.2%
两年增速更快
SLM
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $560.0M |
| 净利润 | $16.5M | $308.0M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 2.3% | 69.6% |
| 净利率 | 2.2% | 55.0% |
| 营收同比 | 2.5% | — |
| 净利润同比 | -3.3% | 1.0% |
| 每股收益（稀释后） | $0.75 | $1.54 |
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SCSCSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $766.5M | $377.1M | ||
| Q3 25 | $739.6M | $373.0M | ||
| Q2 25 | $812.9M | $376.8M | ||
| Q1 25 | $704.8M | $375.0M | ||
| Q4 24 | $747.5M | $362.2M | ||
| Q3 24 | $775.6M | $359.4M | ||
| Q2 24 | $746.1M | $372.2M |
净利润SCSCSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $16.5M | $233.2M | ||
| Q3 25 | $19.9M | $135.8M | ||
| Q2 25 | $20.1M | $71.3M | ||
| Q1 25 | $17.4M | $304.5M | ||
| Q4 24 | $17.1M | $111.6M | ||
| Q3 24 | $17.0M | $-45.2M | ||
| Q2 24 | $16.1M | $252.0M |
毛利率SCSCSLM
| 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SCSCSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 2.3% | 83.8% | ||
| Q3 25 | 3.5% | 49.8% | ||
| Q2 25 | 3.3% | 23.3% | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.5% | 36.5% | ||
| Q3 24 | 2.3% | -16.6% | ||
| Q2 24 | 2.9% | 91.0% |
净利率SCSCSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 2.2% | 61.8% | ||
| Q3 25 | 2.7% | 36.4% | ||
| Q2 25 | 2.5% | 18.9% | ||
| Q1 25 | 2.5% | 81.2% | ||
| Q4 24 | 2.3% | 30.8% | ||
| Q3 24 | 2.2% | -12.6% | ||
| Q2 24 | 2.2% | 67.7% |
每股收益（稀释后）SCSCSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $0.75 | $1.11 | ||
| Q3 25 | $0.89 | $0.63 | ||
| Q2 25 | $0.87 | $0.32 | ||
| Q1 25 | $0.74 | $1.40 | ||
| Q4 24 | $0.70 | $0.53 | ||
| Q3 24 | $0.69 | $-0.23 | ||
| Q2 24 | $0.66 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $910.9M | $2.4B |
| 总资产 | $1.7B | $29.4B |
| 负债/权益比越低杠杆越低 | — | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资SCSCSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $83.5M | $4.2B | ||
| Q3 25 | $124.9M | $3.5B | ||
| Q2 25 | $126.2M | $4.1B | ||
| Q1 25 | $146.3M | $3.7B | ||
| Q4 24 | $110.5M | $4.7B | ||
| Q3 24 | $145.0M | $4.5B | ||
| Q2 24 | $185.5M | $5.3B |
总债务SCSCSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.4B |
股东权益SCSCSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $910.9M | $2.5B | ||
| Q3 25 | $914.0M | $2.3B | ||
| Q2 25 | $906.4M | $2.4B | ||
| Q1 25 | $901.7M | $2.4B | ||
| Q4 24 | $900.7M | $2.2B | ||
| Q3 24 | $920.9M | $2.1B | ||
| Q2 24 | $924.3M | $2.3B |
总资产SCSCSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $1.7B | $29.7B | ||
| Q3 25 | $1.7B | $29.6B | ||
| Q2 25 | $1.8B | $29.6B | ||
| Q1 25 | $1.7B | $28.9B | ||
| Q4 24 | $1.7B | $30.1B | ||
| Q3 24 | $1.8B | $30.0B | ||
| Q2 24 | $1.8B | $28.8B |
负债/权益比SCSCSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 2.70× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 2.37× |
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SCSCSLM
| Q1 26 | — | — | ||
| Q4 25 | $30.8M | $-64.5M | ||
| Q3 25 | $23.2M | $-49.3M | ||
| Q2 25 | — | $-138.7M | ||
| Q1 25 | $66.1M | $-146.1M | ||
| Q4 24 | $-6.2M | $4.5M | ||
| Q3 24 | $44.8M | $-113.4M | ||
| Q2 24 | — | $-143.8M |
自由现金流SCSCSLM
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | — | ||
| Q3 25 | $20.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $64.6M | — | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $42.5M | — | ||
| Q2 24 | — | — |
自由现金流率SCSCSLM
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | — | — |
资本支出强度SCSCSLM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率SCSCSLM
| Q1 26 | — | — | ||
| Q4 25 | 1.87× | -0.28× | ||
| Q3 25 | 1.17× | -0.36× | ||
| Q2 25 | — | -1.95× | ||
| Q1 25 | 3.79× | -0.48× | ||
| Q4 24 | -0.36× | 0.04× | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | — | -0.57× |
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
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
