vs
SCANSOURCE, INC.（SCSC）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是SCANSOURCE, INC.的1.8倍（$1.4B vs $766.5M），Taylor Morrison Home Corp净利率更高（7.1% vs 2.2%，领先5.0%），SCANSOURCE, INC.同比增速更快（2.5% vs -26.8%），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
SCSC vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.8倍
$766.5M
营收增速更快
SCSC
高出29.4%
-26.8%
净利率更高
TMHC
高出5.0%
2.2%
两年增速更快
SCSC
近两年复合增速
-16.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $1.4B |
| 净利润 | $16.5M | $98.6M |
| 毛利率 | 13.4% | 21.0% |
| 营业利润率 | 2.3% | — |
| 净利率 | 2.2% | 7.1% |
| 营收同比 | 2.5% | -26.8% |
| 净利润同比 | -3.3% | -53.8% |
| 每股收益（稀释后） | $0.75 | $1.12 |
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SCSCTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $766.5M | $2.1B | ||
| Q3 25 | $739.6M | $2.1B | ||
| Q2 25 | $812.9M | $2.0B | ||
| Q1 25 | $704.8M | $1.9B | ||
| Q4 24 | $747.5M | $2.4B | ||
| Q3 24 | $775.6M | $2.1B | ||
| Q2 24 | $746.1M | $2.0B |
净利润SCSCTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $16.5M | $174.0M | ||
| Q3 25 | $19.9M | $201.4M | ||
| Q2 25 | $20.1M | $193.6M | ||
| Q1 25 | $17.4M | $213.5M | ||
| Q4 24 | $17.1M | $242.5M | ||
| Q3 24 | $17.0M | $251.1M | ||
| Q2 24 | $16.1M | $199.5M |
毛利率SCSCTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 13.4% | 22.0% | ||
| Q3 25 | 14.5% | 22.7% | ||
| Q2 25 | 12.9% | 23.0% | ||
| Q1 25 | 14.2% | 24.4% | ||
| Q4 24 | 13.6% | 23.9% | ||
| Q3 24 | 13.1% | 25.0% | ||
| Q2 24 | 13.0% | 23.7% |
营业利润率SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 2.9% | — |
净利率SCSCTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 2.2% | 8.3% | ||
| Q3 25 | 2.7% | 9.6% | ||
| Q2 25 | 2.5% | 9.5% | ||
| Q1 25 | 2.5% | 11.3% | ||
| Q4 24 | 2.3% | 10.3% | ||
| Q3 24 | 2.2% | 11.8% | ||
| Q2 24 | 2.2% | 10.0% |
每股收益（稀释后）SCSCTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $0.75 | $1.77 | ||
| Q3 25 | $0.89 | $2.01 | ||
| Q2 25 | $0.87 | $1.92 | ||
| Q1 25 | $0.74 | $2.07 | ||
| Q4 24 | $0.70 | $2.29 | ||
| Q3 24 | $0.69 | $2.37 | ||
| Q2 24 | $0.66 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $6.2B |
| 总资产 | $1.7B | $9.8B |
| 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SCSCTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $83.5M | $850.0M | ||
| Q3 25 | $124.9M | $370.6M | ||
| Q2 25 | $126.2M | $130.2M | ||
| Q1 25 | $146.3M | $377.8M | ||
| Q4 24 | $110.5M | $487.2M | ||
| Q3 24 | $145.0M | $256.4M | ||
| Q2 24 | $185.5M | $246.8M |
总债务SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益SCSCTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $910.9M | $6.3B | ||
| Q3 25 | $914.0M | $6.2B | ||
| Q2 25 | $906.4M | $6.1B | ||
| Q1 25 | $901.7M | $6.0B | ||
| Q4 24 | $900.7M | $5.9B | ||
| Q3 24 | $920.9M | $5.7B | ||
| Q2 24 | $924.3M | $5.5B |
总资产SCSCTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $1.7B | $9.8B | ||
| Q3 25 | $1.7B | $9.6B | ||
| Q2 25 | $1.8B | $9.5B | ||
| Q1 25 | $1.7B | $9.4B | ||
| Q4 24 | $1.7B | $9.3B | ||
| Q3 24 | $1.8B | $9.3B | ||
| Q2 24 | $1.8B | $9.1B |
负债/权益比SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | — |
| 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SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | $30.8M | $646.4M | ||
| Q3 25 | $23.2M | $219.6M | ||
| Q2 25 | — | $-126.0M | ||
| Q1 25 | $66.1M | $77.2M | ||
| Q4 24 | $-6.2M | $438.2M | ||
| Q3 24 | $44.8M | $135.9M | ||
| Q2 24 | — | $-233.3M |
自由现金流SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $635.3M | ||
| Q3 25 | $20.8M | $206.6M | ||
| Q2 25 | — | $-133.6M | ||
| Q1 25 | $64.6M | $68.7M | ||
| Q4 24 | $-8.2M | $428.2M | ||
| Q3 24 | $42.5M | $127.1M | ||
| Q2 24 | — | $-241.7M |
自由现金流率SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 30.3% | ||
| Q3 25 | 2.8% | 9.9% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | 9.2% | 3.6% | ||
| Q4 24 | -1.1% | 18.2% | ||
| Q3 24 | 5.5% | 6.0% | ||
| Q2 24 | — | -12.1% |
资本支出强度SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.3% | 0.4% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.3% | 0.4% | ||
| Q3 24 | 0.3% | 0.4% | ||
| Q2 24 | 0.2% | 0.4% |
现金转化率SCSCTMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.87× | 3.71× | ||
| Q3 25 | 1.17× | 1.09× | ||
| Q2 25 | — | -0.65× | ||
| Q1 25 | 3.79× | 0.36× | ||
| Q4 24 | -0.36× | 1.81× | ||
| Q3 24 | 2.64× | 0.54× | ||
| Q2 24 | — | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
