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SCANSOURCE, INC.（SCSC）与SPIRE INC（SR）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SPIRE INC的1.0倍（$766.5M vs $762.2M），SPIRE INC净利率更高（12.5% vs 2.2%，领先10.3%），SPIRE INC同比增速更快（13.9% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-121.8M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -17.8%）
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。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
SCSC vs SR — 直观对比
营收规模更大
SCSC
是对方的1.0倍
$762.2M
营收增速更快
SR
高出11.4%
2.5%
净利率更高
SR
高出10.3%
2.2%
自由现金流更多
SCSC
多$150.7M
$-121.8M
两年增速更快
SCSC
近两年复合增速
-17.8%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $762.2M |
| 净利润 | $16.5M | $95.0M |
| 毛利率 | 13.4% | 55.1% |
| 营业利润率 | 2.3% | 22.8% |
| 净利率 | 2.2% | 12.5% |
| 营收同比 | 2.5% | 13.9% |
| 净利润同比 | -3.3% | 16.9% |
| 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SCSCSR
| Q4 25 | $766.5M | $762.2M | ||
| Q3 25 | $739.6M | $334.1M | ||
| Q2 25 | $812.9M | $421.9M | ||
| Q1 25 | $704.8M | $1.1B | ||
| Q4 24 | $747.5M | $669.1M | ||
| Q3 24 | $775.6M | $293.8M | ||
| Q2 24 | $746.1M | $414.1M | ||
| Q1 24 | $752.6M | $1.1B |
净利润SCSCSR
| Q4 25 | $16.5M | $95.0M | ||
| Q3 25 | $19.9M | $-39.8M | ||
| Q2 25 | $20.1M | $20.9M | ||
| Q1 25 | $17.4M | $209.3M | ||
| Q4 24 | $17.1M | $81.3M | ||
| Q3 24 | $17.0M | $-25.9M | ||
| Q2 24 | $16.1M | $-12.6M | ||
| Q1 24 | $12.8M | $204.3M |
毛利率SCSCSR
| Q4 25 | 13.4% | 55.1% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 13.6% | 55.6% | ||
| Q3 24 | 13.1% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 12.6% | — |
营业利润率SCSCSR
| Q4 25 | 2.3% | 22.8% | ||
| Q3 25 | 3.5% | -0.1% | ||
| Q2 25 | 3.3% | 16.4% | ||
| Q1 25 | 3.2% | 29.1% | ||
| Q4 24 | 2.5% | 22.2% | ||
| Q3 24 | 2.3% | 6.7% | ||
| Q2 24 | 2.9% | 7.4% | ||
| Q1 24 | 2.3% | 26.5% |
净利率SCSCSR
| Q4 25 | 2.2% | 12.5% | ||
| Q3 25 | 2.7% | -11.9% | ||
| Q2 25 | 2.5% | 5.0% | ||
| Q1 25 | 2.5% | 19.9% | ||
| Q4 24 | 2.3% | 12.2% | ||
| Q3 24 | 2.2% | -8.8% | ||
| Q2 24 | 2.2% | -3.0% | ||
| Q1 24 | 1.7% | 18.1% |
每股收益（稀释后）SCSCSR
| Q4 25 | $0.75 | $1.54 | ||
| Q3 25 | $0.89 | $-0.77 | ||
| Q2 25 | $0.87 | $0.29 | ||
| Q1 25 | $0.74 | $3.51 | ||
| Q4 24 | $0.70 | $1.34 | ||
| Q3 24 | $0.69 | $-0.63 | ||
| Q2 24 | $0.66 | $-0.28 | ||
| Q1 24 | $0.50 | $3.58 |
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 | $4.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $3.4B |
| 总资产 | $1.7B | $11.9B |
| 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SCSCSR
| Q4 25 | $83.5M | $4.1M | ||
| Q3 25 | $124.9M | $5.7M | ||
| Q2 25 | $126.2M | $13.1M | ||
| Q1 25 | $146.3M | $15.2M | ||
| Q4 24 | $110.5M | $11.5M | ||
| Q3 24 | $145.0M | $4.5M | ||
| Q2 24 | $185.5M | $7.4M | ||
| Q1 24 | $159.1M | $25.6M |
股东权益SCSCSR
| Q4 25 | $910.9M | $3.4B | ||
| Q3 25 | $914.0M | $3.4B | ||
| Q2 25 | $906.4M | $3.5B | ||
| Q1 25 | $901.7M | $3.5B | ||
| Q4 24 | $900.7M | $3.3B | ||
| Q3 24 | $920.9M | $3.2B | ||
| Q2 24 | $924.3M | $3.3B | ||
| Q1 24 | $944.1M | $3.4B |
总资产SCSCSR
| Q4 25 | $1.7B | $11.9B | ||
| Q3 25 | $1.7B | $11.6B | ||
| Q2 25 | $1.8B | $11.4B | ||
| Q1 25 | $1.7B | $11.3B | ||
| Q4 24 | $1.7B | $11.3B | ||
| Q3 24 | $1.8B | $10.9B | ||
| Q2 24 | $1.8B | $10.7B | ||
| Q1 24 | $1.8B | $10.7B |
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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $-121.8M |
| 自由现金流率自由现金流/营收 | 3.8% | -16.0% |
| 资本支出强度资本支出/营收 | 0.3% | 26.6% |
| 现金转化率经营现金流/净利润 | 1.87× | 0.85× |
| 过去12个月自由现金流最近4个季度 | — | $-286.7M |
8季度趋势，按日历期对齐
经营现金流SCSCSR
| Q4 25 | $30.8M | $81.0M | ||
| Q3 25 | $23.2M | $-4.9M | ||
| Q2 25 | — | $129.1M | ||
| Q1 25 | $66.1M | $372.7M | ||
| Q4 24 | $-6.2M | $81.1M | ||
| Q3 24 | $44.8M | $82.9M | ||
| Q2 24 | — | $270.1M | ||
| Q1 24 | $160.2M | $489.4M |
自由现金流SCSCSR
| Q4 25 | $28.9M | $-121.8M | ||
| Q3 25 | $20.8M | $-227.6M | ||
| Q2 25 | — | $-91.4M | ||
| Q1 25 | $64.6M | $154.1M | ||
| Q4 24 | $-8.2M | $-179.5M | ||
| Q3 24 | $42.5M | $-146.9M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | $157.7M | $306.6M |
自由现金流率SCSCSR
| Q4 25 | 3.8% | -16.0% | ||
| Q3 25 | 2.8% | -68.1% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | 9.2% | 14.7% | ||
| Q4 24 | -1.1% | -26.8% | ||
| Q3 24 | 5.5% | -50.0% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | 21.0% | 27.2% |
资本支出强度SCSCSR
| Q4 25 | 0.3% | 26.6% | ||
| Q3 25 | 0.3% | 66.7% | ||
| Q2 25 | 0.3% | 52.3% | ||
| Q1 25 | 0.2% | 20.8% | ||
| Q4 24 | 0.3% | 38.9% | ||
| Q3 24 | 0.3% | 78.2% | ||
| Q2 24 | 0.2% | 53.7% | ||
| Q1 24 | 0.3% | 16.2% |
现金转化率SCSCSR
| Q4 25 | 1.87× | 0.85× | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | 6.18× | ||
| Q1 25 | 3.79× | 1.78× | ||
| Q4 24 | -0.36× | 1.00× | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.51× | 2.40× |
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% |
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
