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SCANSOURCE, INC.（SCSC）与SPX Technologies, Inc.（SPXC）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SPX Technologies, Inc.的1.2倍（$766.5M vs $637.3M），SPX Technologies, Inc.净利率更高（12.2% vs 2.2%，领先10.1%），SPX Technologies, Inc.同比增速更快（19.4% vs 2.5%），SPX Technologies, Inc.自由现金流更多（$126.7M vs $28.9M），过去两年SPX Technologies, Inc.的营收复合增速更高（17.0% 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。
SPX Technologies是美国头部制造企业，总部位于北卡罗来纳州夏洛特市，业务布局暖通空调、检测测量、输发电及工程解决方案四大核心领域，产品涵盖冷却塔、锅炉、地下管线定位仪、电力变压器、热交换器等，旗下拥有Waukesha、Dielectric、Genfare等多个知名品牌。
SCSC vs SPXC — 直观对比
营收规模更大
SCSC
是对方的1.2倍
$637.3M
营收增速更快
SPXC
高出16.9%
2.5%
净利率更高
SPXC
高出10.1%
2.2%
自由现金流更多
SPXC
多$97.8M
$28.9M
两年增速更快
SPXC
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $637.3M |
| 净利润 | $16.5M | $77.9M |
| 毛利率 | 13.4% | 39.8% |
| 营业利润率 | 2.3% | 15.7% |
| 净利率 | 2.2% | 12.2% |
| 营收同比 | 2.5% | 19.4% |
| 净利润同比 | -3.3% | 36.4% |
| 每股收益（稀释后） | $0.75 | $1.56 |
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SCSCSPXC
| Q4 25 | $766.5M | $637.3M | ||
| Q3 25 | $739.6M | $592.8M | ||
| Q2 25 | $812.9M | $552.4M | ||
| Q1 25 | $704.8M | $482.6M | ||
| Q4 24 | $747.5M | $533.7M | ||
| Q3 24 | $775.6M | $483.7M | ||
| Q2 24 | $746.1M | $501.3M | ||
| Q1 24 | $752.6M | $465.2M |
净利润SCSCSPXC
| Q4 25 | $16.5M | $77.9M | ||
| Q3 25 | $19.9M | $62.7M | ||
| Q2 25 | $20.1M | $52.2M | ||
| Q1 25 | $17.4M | $51.2M | ||
| Q4 24 | $17.1M | $57.1M | ||
| Q3 24 | $17.0M | $50.2M | ||
| Q2 24 | $16.1M | $44.2M | ||
| Q1 24 | $12.8M | $49.0M |
毛利率SCSCSPXC
| Q4 25 | 13.4% | 39.8% | ||
| Q3 25 | 14.5% | 40.4% | ||
| Q2 25 | 12.9% | 41.4% | ||
| Q1 25 | 14.2% | 40.6% | ||
| Q4 24 | 13.6% | 40.9% | ||
| Q3 24 | 13.1% | 40.9% | ||
| Q2 24 | 13.0% | 40.1% | ||
| Q1 24 | 12.6% | 39.3% |
营业利润率SCSCSPXC
| Q4 25 | 2.3% | 15.7% | ||
| Q3 25 | 3.5% | 16.4% | ||
| Q2 25 | 3.3% | 15.7% | ||
| Q1 25 | 3.2% | 13.8% | ||
| Q4 24 | 2.5% | 16.9% | ||
| Q3 24 | 2.3% | 16.3% | ||
| Q2 24 | 2.9% | 14.9% | ||
| Q1 24 | 2.3% | 13.9% |
净利率SCSCSPXC
| Q4 25 | 2.2% | 12.2% | ||
| Q3 25 | 2.7% | 10.6% | ||
| Q2 25 | 2.5% | 9.4% | ||
| Q1 25 | 2.5% | 10.6% | ||
| Q4 24 | 2.3% | 10.7% | ||
| Q3 24 | 2.2% | 10.4% | ||
| Q2 24 | 2.2% | 8.8% | ||
| Q1 24 | 1.7% | 10.5% |
每股收益（稀释后）SCSCSPXC
| Q4 25 | $0.75 | $1.56 | ||
| Q3 25 | $0.89 | $1.28 | ||
| Q2 25 | $0.87 | $1.10 | ||
| Q1 25 | $0.74 | $1.09 | ||
| Q4 24 | $0.70 | $1.21 | ||
| Q3 24 | $0.69 | $1.06 | ||
| Q2 24 | $0.66 | $0.94 | ||
| Q1 24 | $0.50 | $1.05 |
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 | $364.0M |
| 总债务越低越好 | — | $496.7M |
| 股东权益账面价值 | $910.9M | $2.2B |
| 总资产 | $1.7B | $3.6B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资SCSCSPXC
| Q4 25 | $83.5M | $364.0M | ||
| Q3 25 | $124.9M | $229.4M | ||
| Q2 25 | $126.2M | $132.8M | ||
| Q1 25 | $146.3M | $177.8M | ||
| Q4 24 | $110.5M | $156.9M | ||
| Q3 24 | $145.0M | $124.8M | ||
| Q2 24 | $185.5M | $128.1M | ||
| Q1 24 | $159.1M | $100.5M |
总债务SCSCSPXC
| Q4 25 | — | $496.7M | ||
| Q3 25 | — | $499.8M | ||
| Q2 25 | — | $950.3M | ||
| Q1 25 | — | $872.0M | ||
| Q4 24 | — | $577.0M | ||
| Q3 24 | — | $665.2M | ||
| Q2 24 | — | $509.9M | ||
| Q1 24 | — | $516.6M |
股东权益SCSCSPXC
| Q4 25 | $910.9M | $2.2B | ||
| Q3 25 | $914.0M | $2.1B | ||
| Q2 25 | $906.4M | $1.5B | ||
| Q1 25 | $901.7M | $1.4B | ||
| Q4 24 | $900.7M | $1.4B | ||
| Q3 24 | $920.9M | $1.4B | ||
| Q2 24 | $924.3M | $1.3B | ||
| Q1 24 | $944.1M | $1.2B |
总资产SCSCSPXC
| Q4 25 | $1.7B | $3.6B | ||
| Q3 25 | $1.7B | $3.4B | ||
| Q2 25 | $1.8B | $3.3B | ||
| Q1 25 | $1.7B | $3.1B | ||
| Q4 24 | $1.7B | $2.7B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.8B | $2.8B | ||
| Q1 24 | $1.8B | $2.8B |
负债/权益比SCSCSPXC
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | 0.42× |
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 | $195.2M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $126.7M |
| 自由现金流率自由现金流/营收 | 3.8% | 19.9% |
| 资本支出强度资本支出/营收 | 0.3% | 10.7% |
| 现金转化率经营现金流/净利润 | 1.87× | 2.51× |
| 过去12个月自由现金流最近4个季度 | — | $241.2M |
8季度趋势，按日历期对齐
经营现金流SCSCSPXC
| Q4 25 | $30.8M | $195.2M | ||
| Q3 25 | $23.2M | $106.5M | ||
| Q2 25 | — | $42.5M | ||
| Q1 25 | $66.1M | $-10.9M | ||
| Q4 24 | $-6.2M | $166.5M | ||
| Q3 24 | $44.8M | $51.4M | ||
| Q2 24 | — | $57.5M | ||
| Q1 24 | $160.2M | $10.5M |
自由现金流SCSCSPXC
| Q4 25 | $28.9M | $126.7M | ||
| Q3 25 | $20.8M | $96.1M | ||
| Q2 25 | — | $34.8M | ||
| Q1 25 | $64.6M | $-16.4M | ||
| Q4 24 | $-8.2M | $156.7M | ||
| Q3 24 | $42.5M | $43.5M | ||
| Q2 24 | — | $47.1M | ||
| Q1 24 | $157.7M | $600.0K |
自由现金流率SCSCSPXC
| Q4 25 | 3.8% | 19.9% | ||
| Q3 25 | 2.8% | 16.2% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | 9.2% | -3.4% | ||
| Q4 24 | -1.1% | 29.4% | ||
| Q3 24 | 5.5% | 9.0% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | 21.0% | 0.1% |
资本支出强度SCSCSPXC
| Q4 25 | 0.3% | 10.7% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.3% | 1.4% | ||
| Q1 25 | 0.2% | 1.1% | ||
| Q4 24 | 0.3% | 1.8% | ||
| Q3 24 | 0.3% | 1.6% | ||
| Q2 24 | 0.2% | 2.1% | ||
| Q1 24 | 0.3% | 2.1% |
现金转化率SCSCSPXC
| Q4 25 | 1.87× | 2.51× | ||
| Q3 25 | 1.17× | 1.70× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | 3.79× | -0.21× | ||
| Q4 24 | -0.36× | 2.92× | ||
| Q3 24 | 2.64× | 1.02× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | 12.51× | 0.21× |
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% |
SPXC
| Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions | $258.5M | 41% |
| Detectionand Measurement Reportable Segment | $206.2M | 32% |
| CA | $57.7M | 9% |
| Kranze Technology Solutions Inc | $37.9M | 6% |
| GB | $32.0M | 5% |
| Other Foreign Countries | $28.6M | 4% |
| Other | $16.4M | 3% |
