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SCANSOURCE, INC.（SCSC）与STERLING INFRASTRUCTURE, INC.（STRL）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STERLING INFRASTRUCTURE, INC.的1.0倍（$766.5M vs $755.6M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs 2.2%，领先9.4%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 2.5%），STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $28.9M），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
SCSC vs STRL — 直观对比
营收规模更大
SCSC
是对方的1.0倍
$755.6M
营收增速更快
STRL
高出48.9%
2.5%
净利率更高
STRL
高出9.4%
2.2%
自由现金流更多
STRL
多$130.8M
$28.9M
两年增速更快
STRL
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $755.6M |
| 净利润 | $16.5M | $87.6M |
| 毛利率 | 13.4% | 21.7% |
| 营业利润率 | 2.3% | 15.9% |
| 净利率 | 2.2% | 11.6% |
| 营收同比 | 2.5% | 51.5% |
| 净利润同比 | -3.3% | -22.6% |
| 每股收益（稀释后） | $0.75 | $2.82 |
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SCSCSTRL
| Q4 25 | $766.5M | $755.6M | ||
| Q3 25 | $739.6M | $689.0M | ||
| Q2 25 | $812.9M | $614.5M | ||
| Q1 25 | $704.8M | $430.9M | ||
| Q4 24 | $747.5M | $498.8M | ||
| Q3 24 | $775.6M | $593.7M | ||
| Q2 24 | $746.1M | $582.8M | ||
| Q1 24 | $752.6M | $440.4M |
净利润SCSCSTRL
| Q4 25 | $16.5M | $87.6M | ||
| Q3 25 | $19.9M | $92.1M | ||
| Q2 25 | $20.1M | $71.0M | ||
| Q1 25 | $17.4M | $39.5M | ||
| Q4 24 | $17.1M | $113.2M | ||
| Q3 24 | $17.0M | $61.3M | ||
| Q2 24 | $16.1M | $51.9M | ||
| Q1 24 | $12.8M | $31.0M |
毛利率SCSCSTRL
| Q4 25 | 13.4% | 21.7% | ||
| Q3 25 | 14.5% | 24.7% | ||
| Q2 25 | 12.9% | 23.3% | ||
| Q1 25 | 14.2% | 22.0% | ||
| Q4 24 | 13.6% | 21.4% | ||
| Q3 24 | 13.1% | 21.9% | ||
| Q2 24 | 13.0% | 19.3% | ||
| Q1 24 | 12.6% | 17.5% |
营业利润率SCSCSTRL
| Q4 25 | 2.3% | 15.9% | ||
| Q3 25 | 3.5% | 18.2% | ||
| Q2 25 | 3.3% | 17.0% | ||
| Q1 25 | 3.2% | 13.0% | ||
| Q4 24 | 2.5% | 12.5% | ||
| Q3 24 | 2.3% | 14.7% | ||
| Q2 24 | 2.9% | 12.5% | ||
| Q1 24 | 2.3% | 9.6% |
净利率SCSCSTRL
| Q4 25 | 2.2% | 11.6% | ||
| Q3 25 | 2.7% | 13.4% | ||
| Q2 25 | 2.5% | 11.6% | ||
| Q1 25 | 2.5% | 9.2% | ||
| Q4 24 | 2.3% | 22.7% | ||
| Q3 24 | 2.2% | 10.3% | ||
| Q2 24 | 2.2% | 8.9% | ||
| Q1 24 | 1.7% | 7.1% |
每股收益（稀释后）SCSCSTRL
| Q4 25 | $0.75 | $2.82 | ||
| Q3 25 | $0.89 | $2.97 | ||
| Q2 25 | $0.87 | $2.31 | ||
| Q1 25 | $0.74 | $1.28 | ||
| Q4 24 | $0.70 | $3.63 | ||
| Q3 24 | $0.69 | $1.97 | ||
| Q2 24 | $0.66 | $1.67 | ||
| Q1 24 | $0.50 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $1.1B |
| 总资产 | $1.7B | $2.6B |
| 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SCSCSTRL
| Q4 25 | $83.5M | $390.7M | ||
| Q3 25 | $124.9M | $306.4M | ||
| Q2 25 | $126.2M | $699.4M | ||
| Q1 25 | $146.3M | $638.6M | ||
| Q4 24 | $110.5M | $664.2M | ||
| Q3 24 | $145.0M | $648.1M | ||
| Q2 24 | $185.5M | $540.0M | ||
| Q1 24 | $159.1M | $480.4M |
股东权益SCSCSTRL
| Q4 25 | $910.9M | $1.1B | ||
| Q3 25 | $914.0M | $1.1B | ||
| Q2 25 | $906.4M | $881.7M | ||
| Q1 25 | $901.7M | $805.4M | ||
| Q4 24 | $900.7M | $808.1M | ||
| Q3 24 | $920.9M | $716.5M | ||
| Q2 24 | $924.3M | $670.7M | ||
| Q1 24 | $944.1M | $644.6M |
总资产SCSCSTRL
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $1.7B | $2.0B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.8B | $2.0B | ||
| Q1 24 | $1.8B | $1.8B |
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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $159.7M |
| 自由现金流率自由现金流/营收 | 3.8% | 21.1% |
| 资本支出强度资本支出/营收 | 0.3% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.87× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流SCSCSTRL
| Q4 25 | $30.8M | $186.1M | ||
| Q3 25 | $23.2M | $83.6M | ||
| Q2 25 | — | $85.4M | ||
| Q1 25 | $66.1M | $84.9M | ||
| Q4 24 | $-6.2M | $174.3M | ||
| Q3 24 | $44.8M | $152.3M | ||
| Q2 24 | — | $121.0M | ||
| Q1 24 | $160.2M | $49.6M |
自由现金流SCSCSTRL
| Q4 25 | $28.9M | $159.7M | ||
| Q3 25 | $20.8M | $64.0M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | $64.6M | $67.0M | ||
| Q4 24 | $-8.2M | $158.6M | ||
| Q3 24 | $42.5M | $138.3M | ||
| Q2 24 | — | $92.1M | ||
| Q1 24 | $157.7M | $27.2M |
自由现金流率SCSCSTRL
| Q4 25 | 3.8% | 21.1% | ||
| Q3 25 | 2.8% | 9.3% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | 9.2% | 15.5% | ||
| Q4 24 | -1.1% | 31.8% | ||
| Q3 24 | 5.5% | 23.3% | ||
| Q2 24 | — | 15.8% | ||
| Q1 24 | 21.0% | 6.2% |
资本支出强度SCSCSTRL
| Q4 25 | 0.3% | 3.5% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | 0.3% | 3.1% | ||
| Q3 24 | 0.3% | 2.4% | ||
| Q2 24 | 0.2% | 5.0% | ||
| Q1 24 | 0.3% | 5.1% |
现金转化率SCSCSTRL
| Q4 25 | 1.87× | 2.12× | ||
| Q3 25 | 1.17× | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | 3.79× | 2.15× | ||
| Q4 24 | -0.36× | 1.54× | ||
| Q3 24 | 2.64× | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | 12.51× | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
