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SCANSOURCE, INC.（SCSC）与TreeHouse Foods, Inc.（THS）财务数据对比。点击上方公司名可切换其他公司
TreeHouse Foods, Inc.的季度营收约是SCANSOURCE, INC.的1.1倍（$840.3M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -31.6%，领先33.8%），SCANSOURCE, INC.同比增速更快（2.5% vs 0.1%），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
SCSC vs THS — 直观对比
营收规模更大
THS
是对方的1.1倍
$766.5M
营收增速更快
SCSC
高出2.4%
0.1%
净利率更高
SCSC
高出33.8%
-31.6%
两年增速更快
SCSC
近两年复合增速
-3.9%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $840.3M |
| 净利润 | $16.5M | $-265.8M |
| 毛利率 | 13.4% | 18.8% |
| 营业利润率 | 2.3% | -30.2% |
| 净利率 | 2.2% | -31.6% |
| 营收同比 | 2.5% | 0.1% |
| 净利润同比 | -3.3% | -7717.6% |
| 每股收益（稀释后） | $0.75 | $-5.26 |
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SCSCTHS
| Q4 25 | $766.5M | — | ||
| Q3 25 | $739.6M | $840.3M | ||
| Q2 25 | $812.9M | $798.0M | ||
| Q1 25 | $704.8M | $792.0M | ||
| Q4 24 | $747.5M | $905.7M | ||
| Q3 24 | $775.6M | $839.1M | ||
| Q2 24 | $746.1M | $788.5M | ||
| Q1 24 | $752.6M | $820.7M |
净利润SCSCTHS
| Q4 25 | $16.5M | — | ||
| Q3 25 | $19.9M | $-265.8M | ||
| Q2 25 | $20.1M | $-2.9M | ||
| Q1 25 | $17.4M | $-31.8M | ||
| Q4 24 | $17.1M | $58.7M | ||
| Q3 24 | $17.0M | $-3.4M | ||
| Q2 24 | $16.1M | $-16.7M | ||
| Q1 24 | $12.8M | $-11.7M |
毛利率SCSCTHS
| Q4 25 | 13.4% | — | ||
| Q3 25 | 14.5% | 18.8% | ||
| Q2 25 | 12.9% | 17.4% | ||
| Q1 25 | 14.2% | 14.5% | ||
| Q4 24 | 13.6% | 19.5% | ||
| Q3 24 | 13.1% | 15.6% | ||
| Q2 24 | 13.0% | 16.3% | ||
| Q1 24 | 12.6% | 13.6% |
营业利润率SCSCTHS
| Q4 25 | 2.3% | — | ||
| Q3 25 | 3.5% | -30.2% | ||
| Q2 25 | 3.3% | 3.4% | ||
| Q1 25 | 3.2% | -0.7% | ||
| Q4 24 | 2.5% | 8.9% | ||
| Q3 24 | 2.3% | 3.8% | ||
| Q2 24 | 2.9% | -0.5% | ||
| Q1 24 | 2.3% | -0.6% |
净利率SCSCTHS
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.7% | -31.6% | ||
| Q2 25 | 2.5% | -0.4% | ||
| Q1 25 | 2.5% | -4.0% | ||
| Q4 24 | 2.3% | 6.5% | ||
| Q3 24 | 2.2% | -0.4% | ||
| Q2 24 | 2.2% | -2.1% | ||
| Q1 24 | 1.7% | -1.4% |
每股收益（稀释后）SCSCTHS
| Q4 25 | $0.75 | — | ||
| Q3 25 | $0.89 | $-5.26 | ||
| Q2 25 | $0.87 | $-0.06 | ||
| Q1 25 | $0.74 | $-0.63 | ||
| Q4 24 | $0.70 | $1.12 | ||
| Q3 24 | $0.69 | $-0.07 | ||
| Q2 24 | $0.66 | $-0.32 | ||
| Q1 24 | $0.50 | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $910.9M | $1.3B |
| 总资产 | $1.7B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资SCSCTHS
| Q4 25 | $83.5M | — | ||
| Q3 25 | $124.9M | $21.0M | ||
| Q2 25 | $126.2M | $17.1M | ||
| Q1 25 | $146.3M | $16.4M | ||
| Q4 24 | $110.5M | $289.6M | ||
| Q3 24 | $145.0M | $102.0M | ||
| Q2 24 | $185.5M | $105.8M | ||
| Q1 24 | $159.1M | $191.8M |
总债务SCSCTHS
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益SCSCTHS
| Q4 25 | $910.9M | — | ||
| Q3 25 | $914.0M | $1.3B | ||
| Q2 25 | $906.4M | $1.5B | ||
| Q1 25 | $901.7M | $1.5B | ||
| Q4 24 | $900.7M | $1.5B | ||
| Q3 24 | $920.9M | $1.6B | ||
| Q2 24 | $924.3M | $1.6B | ||
| Q1 24 | $944.1M | $1.6B |
总资产SCSCTHS
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $3.8B | ||
| Q2 25 | $1.8B | $4.0B | ||
| Q1 25 | $1.7B | $3.9B | ||
| Q4 24 | $1.7B | $4.0B | ||
| Q3 24 | $1.8B | $4.0B | ||
| Q2 24 | $1.8B | $3.9B | ||
| Q1 24 | $1.8B | $4.0B |
负债/权益比SCSCTHS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.87× |
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 | $38.2M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | — |
| 自由现金流率自由现金流/营收 | 3.8% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流SCSCTHS
| Q4 25 | $30.8M | — | ||
| Q3 25 | $23.2M | $38.2M | ||
| Q2 25 | — | $-47.2M | ||
| Q1 25 | $66.1M | $-53.5M | ||
| Q4 24 | $-6.2M | $296.2M | ||
| Q3 24 | $44.8M | $41.4M | ||
| Q2 24 | — | $-19.4M | ||
| Q1 24 | $160.2M | $-52.4M |
自由现金流SCSCTHS
| Q4 25 | $28.9M | — | ||
| Q3 25 | $20.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $64.6M | — | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $42.5M | — | ||
| Q2 24 | — | $-42.2M | ||
| Q1 24 | $157.7M | $-80.7M |
自由现金流率SCSCTHS
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | 21.0% | -9.8% |
资本支出强度SCSCTHS
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.2% | 2.9% | ||
| Q1 24 | 0.3% | 3.4% |
现金转化率SCSCTHS
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.79× | — | ||
| Q4 24 | -0.36× | 5.05× | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.51× | — |
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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
