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SCANSOURCE, INC.（SCSC）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是SCANSOURCE, INC.的1.4倍（$1.0B vs $766.5M），思佳讯净利率更高（7.6% vs 2.2%，领先5.5%），思佳讯同比增速更快（8.6% vs 2.5%），思佳讯自由现金流更多（$339.0M vs $28.9M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
SCSC vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.4倍
$766.5M
营收增速更快
SWKS
高出6.1%
2.5%
净利率更高
SWKS
高出5.5%
2.2%
自由现金流更多
SWKS
多$310.1M
$28.9M
两年增速更快
SCSC
近两年复合增速
-0.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $1.0B |
| 净利润 | $16.5M | $79.2M |
| 毛利率 | 13.4% | 41.3% |
| 营业利润率 | 2.3% | 10.0% |
| 净利率 | 2.2% | 7.6% |
| 营收同比 | 2.5% | 8.6% |
| 净利润同比 | -3.3% | 15.3% |
| 每股收益（稀释后） | $0.75 | $0.53 |
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SCSCSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $766.5M | $1.1B | ||
| Q3 25 | $739.6M | — | ||
| Q2 25 | $812.9M | $965.0M | ||
| Q1 25 | $704.8M | $953.2M | ||
| Q4 24 | $747.5M | $1.1B | ||
| Q3 24 | $775.6M | $1.0B | ||
| Q2 24 | $746.1M | $905.5M |
净利润SCSCSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $16.5M | $141.4M | ||
| Q3 25 | $19.9M | — | ||
| Q2 25 | $20.1M | $105.0M | ||
| Q1 25 | $17.4M | $68.7M | ||
| Q4 24 | $17.1M | $162.0M | ||
| Q3 24 | $17.0M | $60.5M | ||
| Q2 24 | $16.1M | $120.9M |
毛利率SCSCSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 13.4% | 40.7% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 12.9% | 41.6% | ||
| Q1 25 | 14.2% | 41.1% | ||
| Q4 24 | 13.6% | 41.4% | ||
| Q3 24 | 13.1% | 41.9% | ||
| Q2 24 | 13.0% | 40.2% |
营业利润率SCSCSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 2.3% | 10.1% | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.3% | 11.5% | ||
| Q1 25 | 3.2% | 10.2% | ||
| Q4 24 | 2.5% | 16.9% | ||
| Q3 24 | 2.3% | 5.8% | ||
| Q2 24 | 2.9% | 14.4% |
净利率SCSCSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 2.2% | 12.9% | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.5% | 10.9% | ||
| Q1 25 | 2.5% | 7.2% | ||
| Q4 24 | 2.3% | 15.2% | ||
| Q3 24 | 2.2% | 5.9% | ||
| Q2 24 | 2.2% | 13.4% |
每股收益（稀释后）SCSCSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.75 | $0.95 | ||
| Q3 25 | $0.89 | — | ||
| Q2 25 | $0.87 | $0.70 | ||
| Q1 25 | $0.74 | $0.43 | ||
| Q4 24 | $0.70 | $1.00 | ||
| Q3 24 | $0.69 | $0.36 | ||
| Q2 24 | $0.66 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $910.9M | $5.8B |
| 总资产 | $1.7B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资SCSCSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $83.5M | $1.4B | ||
| Q3 25 | $124.9M | — | ||
| Q2 25 | $126.2M | $1.3B | ||
| Q1 25 | $146.3M | $1.5B | ||
| Q4 24 | $110.5M | $1.7B | ||
| Q3 24 | $145.0M | $1.6B | ||
| Q2 24 | $185.5M | $1.3B |
总债务SCSCSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益SCSCSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $910.9M | $5.8B | ||
| Q3 25 | $914.0M | — | ||
| Q2 25 | $906.4M | $5.7B | ||
| Q1 25 | $901.7M | $5.9B | ||
| Q4 24 | $900.7M | $6.4B | ||
| Q3 24 | $920.9M | $6.3B | ||
| Q2 24 | $924.3M | $6.3B |
总资产SCSCSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $1.7B | $7.9B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | $7.7B | ||
| Q1 25 | $1.7B | $7.9B | ||
| Q4 24 | $1.7B | $8.3B | ||
| Q3 24 | $1.8B | $8.3B | ||
| Q2 24 | $1.8B | $8.2B |
负债/权益比SCSCSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $339.0M |
| 自由现金流率自由现金流/营收 | 3.8% | 32.7% |
| 资本支出强度资本支出/营收 | 0.3% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.87× | 4.99× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流SCSCSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $30.8M | $200.0M | ||
| Q3 25 | $23.2M | — | ||
| Q2 25 | — | $314.2M | ||
| Q1 25 | $66.1M | $409.4M | ||
| Q4 24 | $-6.2M | $377.2M | ||
| Q3 24 | $44.8M | $476.1M | ||
| Q2 24 | — | $273.4M |
自由现金流SCSCSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $28.9M | $144.0M | ||
| Q3 25 | $20.8M | — | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | $64.6M | $370.9M | ||
| Q4 24 | $-8.2M | $338.2M | ||
| Q3 24 | $42.5M | $393.3M | ||
| Q2 24 | — | $249.0M |
自由现金流率SCSCSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 3.8% | 13.1% | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | 9.2% | 38.9% | ||
| Q4 24 | -1.1% | 31.7% | ||
| Q3 24 | 5.5% | 38.4% | ||
| Q2 24 | — | 27.5% |
资本支出强度SCSCSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 0.3% | 5.1% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | 6.4% | ||
| Q1 25 | 0.2% | 4.0% | ||
| Q4 24 | 0.3% | 3.6% | ||
| Q3 24 | 0.3% | 8.1% | ||
| Q2 24 | 0.2% | 2.7% |
现金转化率SCSCSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.87× | 1.41× | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | 2.99× | ||
| Q1 25 | 3.79× | 5.96× | ||
| Q4 24 | -0.36× | 2.33× | ||
| Q3 24 | 2.64× | 7.87× | ||
| Q2 24 | — | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
