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SCANSOURCE, INC.（SCSC）与Spectrum Brands Holdings, Inc.（SPB）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Spectrum Brands Holdings, Inc.的1.1倍（$766.5M vs $677.0M），Spectrum Brands Holdings, Inc.净利率更高（4.2% vs 2.2%，领先2.0%），SCANSOURCE, INC.同比增速更快（2.5% vs -3.3%），Spectrum Brands Holdings, Inc.自由现金流更多（$59.3M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -2.9%）
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。
盛谱品牌控股有限公司是总部位于美国威斯康星州米德尔顿的跨国消费品集团，前身为雷诺瓦克公司，2005年正式成立，业务覆盖多个消费品品类，在全球消费市场拥有广泛布局。
SCSC vs SPB — 直观对比
营收规模更大
SCSC
是对方的1.1倍
$677.0M
营收增速更快
SCSC
高出5.9%
-3.3%
净利率更高
SPB
高出2.0%
2.2%
自由现金流更多
SPB
多$30.4M
$28.9M
两年增速更快
SCSC
近两年复合增速
-2.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $677.0M |
| 净利润 | $16.5M | $28.4M |
| 毛利率 | 13.4% | 35.7% |
| 营业利润率 | 2.3% | 4.0% |
| 净利率 | 2.2% | 4.2% |
| 营收同比 | 2.5% | -3.3% |
| 净利润同比 | -3.3% | 20.9% |
| 每股收益（稀释后） | $0.75 | $1.21 |
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SCSCSPB
| Q4 25 | $766.5M | $677.0M | ||
| Q3 25 | $739.6M | $733.5M | ||
| Q2 25 | $812.9M | $699.6M | ||
| Q1 25 | $704.8M | $675.7M | ||
| Q4 24 | $747.5M | $700.2M | ||
| Q3 24 | $775.6M | $773.8M | ||
| Q2 24 | $746.1M | $779.4M | ||
| Q1 24 | $752.6M | $718.5M |
净利润SCSCSPB
| Q4 25 | $16.5M | $28.4M | ||
| Q3 25 | $19.9M | $55.6M | ||
| Q2 25 | $20.1M | $19.9M | ||
| Q1 25 | $17.4M | $900.0K | ||
| Q4 24 | $17.1M | $23.5M | ||
| Q3 24 | $17.0M | $28.5M | ||
| Q2 24 | $16.1M | $6.1M | ||
| Q1 24 | $12.8M | $61.1M |
毛利率SCSCSPB
| Q4 25 | 13.4% | 35.7% | ||
| Q3 25 | 14.5% | 35.0% | ||
| Q2 25 | 12.9% | 37.8% | ||
| Q1 25 | 14.2% | 37.5% | ||
| Q4 24 | 13.6% | 36.8% | ||
| Q3 24 | 13.1% | 37.2% | ||
| Q2 24 | 13.0% | 38.9% | ||
| Q1 24 | 12.6% | 38.1% |
营业利润率SCSCSPB
| Q4 25 | 2.3% | 4.0% | ||
| Q3 25 | 3.5% | 4.0% | ||
| Q2 25 | 3.3% | 4.5% | ||
| Q1 25 | 3.2% | 2.9% | ||
| Q4 24 | 2.5% | 6.4% | ||
| Q3 24 | 2.3% | 2.8% | ||
| Q2 24 | 2.9% | 6.1% | ||
| Q1 24 | 2.3% | 10.6% |
净利率SCSCSPB
| Q4 25 | 2.2% | 4.2% | ||
| Q3 25 | 2.7% | 7.6% | ||
| Q2 25 | 2.5% | 2.8% | ||
| Q1 25 | 2.5% | 0.1% | ||
| Q4 24 | 2.3% | 3.4% | ||
| Q3 24 | 2.2% | 3.7% | ||
| Q2 24 | 2.2% | 0.8% | ||
| Q1 24 | 1.7% | 8.5% |
每股收益（稀释后）SCSCSPB
| Q4 25 | $0.75 | $1.21 | ||
| Q3 25 | $0.89 | $2.19 | ||
| Q2 25 | $0.87 | $0.80 | ||
| Q1 25 | $0.74 | $0.03 | ||
| Q4 24 | $0.70 | $0.84 | ||
| Q3 24 | $0.69 | $1.03 | ||
| Q2 24 | $0.66 | $0.21 | ||
| Q1 24 | $0.50 | $2.01 |
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 | $126.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $1.9B |
| 总资产 | $1.7B | $3.4B |
| 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SCSCSPB
| Q4 25 | $83.5M | $126.6M | ||
| Q3 25 | $124.9M | $123.6M | ||
| Q2 25 | $126.2M | $122.0M | ||
| Q1 25 | $146.3M | $96.0M | ||
| Q4 24 | $110.5M | $179.9M | ||
| Q3 24 | $145.0M | $368.9M | ||
| Q2 24 | $185.5M | $306.8M | ||
| Q1 24 | $159.1M | $1.2B |
总债务SCSCSPB
| Q4 25 | — | — | ||
| Q3 25 | — | $496.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $496.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SCSCSPB
| Q4 25 | $910.9M | $1.9B | ||
| Q3 25 | $914.0M | $1.9B | ||
| Q2 25 | $906.4M | $1.9B | ||
| Q1 25 | $901.7M | $1.9B | ||
| Q4 24 | $900.7M | $2.0B | ||
| Q3 24 | $920.9M | $2.1B | ||
| Q2 24 | $924.3M | $2.1B | ||
| Q1 24 | $944.1M | $2.3B |
总资产SCSCSPB
| Q4 25 | $1.7B | $3.4B | ||
| Q3 25 | $1.7B | $3.4B | ||
| Q2 25 | $1.8B | $3.5B | ||
| Q1 25 | $1.7B | $3.5B | ||
| Q4 24 | $1.7B | $3.6B | ||
| Q3 24 | $1.8B | $3.8B | ||
| Q2 24 | $1.8B | $3.8B | ||
| Q1 24 | $1.8B | $4.8B |
负债/权益比SCSCSPB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | — | ||
| Q1 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 | $67.4M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $59.3M |
| 自由现金流率自由现金流/营收 | 3.8% | 8.8% |
| 资本支出强度资本支出/营收 | 0.3% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.87× | 2.37× |
| 过去12个月自由现金流最近4个季度 | — | $302.9M |
8季度趋势，按日历期对齐
经营现金流SCSCSPB
| Q4 25 | $30.8M | $67.4M | ||
| Q3 25 | $23.2M | $171.1M | ||
| Q2 25 | — | $81.8M | ||
| Q1 25 | $66.1M | $23.1M | ||
| Q4 24 | $-6.2M | $-72.4M | ||
| Q3 24 | $44.8M | $80.7M | ||
| Q2 24 | — | $82.7M | ||
| Q1 24 | $160.2M | $3.5M |
自由现金流SCSCSPB
| Q4 25 | $28.9M | $59.3M | ||
| Q3 25 | $20.8M | $157.9M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | $64.6M | $13.9M | ||
| Q4 24 | $-8.2M | $-78.3M | ||
| Q3 24 | $42.5M | $67.7M | ||
| Q2 24 | — | $72.6M | ||
| Q1 24 | $157.7M | $-9.0M |
自由现金流率SCSCSPB
| Q4 25 | 3.8% | 8.8% | ||
| Q3 25 | 2.8% | 21.5% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | 9.2% | 2.1% | ||
| Q4 24 | -1.1% | -11.2% | ||
| Q3 24 | 5.5% | 8.7% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | 21.0% | -1.3% |
资本支出强度SCSCSPB
| Q4 25 | 0.3% | 1.2% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.3% | 1.4% | ||
| Q1 25 | 0.2% | 1.4% | ||
| Q4 24 | 0.3% | 0.8% | ||
| Q3 24 | 0.3% | 1.7% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.3% | 1.7% |
现金转化率SCSCSPB
| Q4 25 | 1.87× | 2.37× | ||
| Q3 25 | 1.17× | 3.08× | ||
| Q2 25 | — | 4.11× | ||
| Q1 25 | 3.79× | 25.67× | ||
| Q4 24 | -0.36× | -3.08× | ||
| Q3 24 | 2.64× | 2.83× | ||
| Q2 24 | — | 13.56× | ||
| Q1 24 | 12.51× | 0.06× |
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% |
SPB
| HPC Segment | $321.5M | 47% |
| Global Pet Supplies | $168.7M | 25% |
| Home And Personal Care | $109.8M | 16% |
| HG Segment | $73.9M | 11% |
