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SCANSOURCE, INC.（SCSC）与TEREX CORP（TEX）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是SCANSOURCE, INC.的1.7倍（$1.3B vs $766.5M），TEREX CORP净利率更高（4.8% vs 2.2%，领先2.6%），TEREX CORP同比增速更快（6.2% vs 2.5%），TEREX CORP自由现金流更多（$171.0M vs $28.9M），过去两年TEREX CORP的营收复合增速更高（1.0% 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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
SCSC vs TEX — 直观对比
营收规模更大
TEX
是对方的1.7倍
$766.5M
营收增速更快
TEX
高出3.7%
2.5%
净利率更高
TEX
高出2.6%
2.2%
自由现金流更多
TEX
多$142.1M
$28.9M
两年增速更快
TEX
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $1.3B |
| 净利润 | $16.5M | $63.0M |
| 毛利率 | 13.4% | 18.8% |
| 营业利润率 | 2.3% | 10.4% |
| 净利率 | 2.2% | 4.8% |
| 营收同比 | 2.5% | 6.2% |
| 净利润同比 | -3.3% | 2963.6% |
| 每股收益（稀释后） | $0.75 | $0.95 |
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SCSCTEX
| Q4 25 | $766.5M | $1.3B | ||
| Q3 25 | $739.6M | $1.4B | ||
| Q2 25 | $812.9M | $1.5B | ||
| Q1 25 | $704.8M | $1.2B | ||
| Q4 24 | $747.5M | $1.2B | ||
| Q3 24 | $775.6M | $1.2B | ||
| Q2 24 | $746.1M | $1.4B | ||
| Q1 24 | $752.6M | $1.3B |
净利润SCSCTEX
| Q4 25 | $16.5M | $63.0M | ||
| Q3 25 | $19.9M | $65.0M | ||
| Q2 25 | $20.1M | $72.0M | ||
| Q1 25 | $17.4M | $21.0M | ||
| Q4 24 | $17.1M | $-2.2M | ||
| Q3 24 | $17.0M | $88.0M | ||
| Q2 24 | $16.1M | $140.7M | ||
| Q1 24 | $12.8M | $108.5M |
毛利率SCSCTEX
| Q4 25 | 13.4% | 18.8% | ||
| Q3 25 | 14.5% | 20.3% | ||
| Q2 25 | 12.9% | 19.6% | ||
| Q1 25 | 14.2% | 18.7% | ||
| Q4 24 | 13.6% | 15.9% | ||
| Q3 24 | 13.1% | 20.2% | ||
| Q2 24 | 13.0% | 23.8% | ||
| Q1 24 | 12.6% | 23.0% |
营业利润率SCSCTEX
| Q4 25 | 2.3% | 10.4% | ||
| Q3 25 | 3.5% | 10.1% | ||
| Q2 25 | 3.3% | 8.7% | ||
| Q1 25 | 3.2% | 5.6% | ||
| Q4 24 | 2.5% | 4.2% | ||
| Q3 24 | 2.3% | 10.1% | ||
| Q2 24 | 2.9% | 14.0% | ||
| Q1 24 | 2.3% | 12.2% |
净利率SCSCTEX
| Q4 25 | 2.2% | 4.8% | ||
| Q3 25 | 2.7% | 4.7% | ||
| Q2 25 | 2.5% | 4.8% | ||
| Q1 25 | 2.5% | 1.7% | ||
| Q4 24 | 2.3% | -0.2% | ||
| Q3 24 | 2.2% | 7.3% | ||
| Q2 24 | 2.2% | 10.2% | ||
| Q1 24 | 1.7% | 8.4% |
每股收益（稀释后）SCSCTEX
| Q4 25 | $0.75 | $0.95 | ||
| Q3 25 | $0.89 | $0.98 | ||
| Q2 25 | $0.87 | $1.09 | ||
| Q1 25 | $0.74 | $0.31 | ||
| Q4 24 | $0.70 | $-0.03 | ||
| Q3 24 | $0.69 | $1.31 | ||
| Q2 24 | $0.66 | $2.08 | ||
| Q1 24 | $0.50 | $1.60 |
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 | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $910.9M | $2.1B |
| 总资产 | $1.7B | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资SCSCTEX
| Q4 25 | $83.5M | $772.0M | ||
| Q3 25 | $124.9M | $509.0M | ||
| Q2 25 | $126.2M | $374.0M | ||
| Q1 25 | $146.3M | $298.0M | ||
| Q4 24 | $110.5M | $388.0M | ||
| Q3 24 | $145.0M | $352.0M | ||
| Q2 24 | $185.5M | $319.3M | ||
| Q1 24 | $159.1M | $364.9M |
总债务SCSCTEX
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SCSCTEX
| Q4 25 | $910.9M | $2.1B | ||
| Q3 25 | $914.0M | $2.0B | ||
| Q2 25 | $906.4M | $2.0B | ||
| Q1 25 | $901.7M | $1.8B | ||
| Q4 24 | $900.7M | $1.8B | ||
| Q3 24 | $920.9M | $2.0B | ||
| Q2 24 | $924.3M | $1.8B | ||
| Q1 24 | $944.1M | $1.7B |
总资产SCSCTEX
| Q4 25 | $1.7B | $6.1B | ||
| Q3 25 | $1.7B | $6.2B | ||
| Q2 25 | $1.8B | $6.2B | ||
| Q1 25 | $1.7B | $5.8B | ||
| Q4 24 | $1.7B | $5.7B | ||
| Q3 24 | $1.8B | $3.8B | ||
| Q2 24 | $1.8B | $3.8B | ||
| Q1 24 | $1.8B | $3.8B |
负债/权益比SCSCTEX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | — | ||
| 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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $171.0M |
| 自由现金流率自由现金流/营收 | 3.8% | 13.0% |
| 资本支出强度资本支出/营收 | 0.3% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.87× | 3.25× |
| 过去12个月自由现金流最近4个季度 | — | $322.0M |
8季度趋势，按日历期对齐
经营现金流SCSCTEX
| Q4 25 | $30.8M | $205.0M | ||
| Q3 25 | $23.2M | $154.0M | ||
| Q2 25 | — | $102.0M | ||
| Q1 25 | $66.1M | $-21.0M | ||
| Q4 24 | $-6.2M | $177.0M | ||
| Q3 24 | $44.8M | $116.4M | ||
| Q2 24 | — | $66.5M | ||
| Q1 24 | $160.2M | $-33.9M |
自由现金流SCSCTEX
| Q4 25 | $28.9M | $171.0M | ||
| Q3 25 | $20.8M | $130.0M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | $64.6M | $-57.0M | ||
| Q4 24 | $-8.2M | $128.0M | ||
| Q3 24 | $42.5M | $87.4M | ||
| Q2 24 | — | $42.5M | ||
| Q1 24 | $157.7M | $-68.9M |
自由现金流率SCSCTEX
| Q4 25 | 3.8% | 13.0% | ||
| Q3 25 | 2.8% | 9.4% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | 9.2% | -4.6% | ||
| Q4 24 | -1.1% | 10.3% | ||
| Q3 24 | 5.5% | 7.2% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 21.0% | -5.3% |
资本支出强度SCSCTEX
| Q4 25 | 0.3% | 2.6% | ||
| Q3 25 | 0.3% | 1.7% | ||
| Q2 25 | 0.3% | 1.6% | ||
| Q1 25 | 0.2% | 2.9% | ||
| Q4 24 | 0.3% | 3.9% | ||
| Q3 24 | 0.3% | 2.4% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.3% | 2.7% |
现金转化率SCSCTEX
| Q4 25 | 1.87× | 3.25× | ||
| Q3 25 | 1.17× | 2.37× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 3.79× | -1.00× | ||
| Q4 24 | -0.36× | — | ||
| Q3 24 | 2.64× | 1.32× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 12.51× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
