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SCANSOURCE, INC.（SCSC）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是猫途鹰的1.9倍（$766.5M vs $411.0M），SCANSOURCE, INC.净利率更高（2.2% vs -9.2%，领先11.4%），SCANSOURCE, INC.同比增速更快（2.5% vs 0.0%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-122.0M），过去两年猫途鹰的营收复合增速更高（2.0% 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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
SCSC vs TRIP — 直观对比
营收规模更大
SCSC
是对方的1.9倍
$411.0M
营收增速更快
SCSC
高出2.5%
0.0%
净利率更高
SCSC
高出11.4%
-9.2%
自由现金流更多
SCSC
多$150.9M
$-122.0M
两年增速更快
TRIP
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $411.0M |
| 净利润 | $16.5M | $-38.0M |
| 毛利率 | 13.4% | 91.5% |
| 营业利润率 | 2.3% | -8.3% |
| 净利率 | 2.2% | -9.2% |
| 营收同比 | 2.5% | 0.0% |
| 净利润同比 | -3.3% | -3900.0% |
| 每股收益（稀释后） | $0.75 | $-0.32 |
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SCSCTRIP
| Q4 25 | $766.5M | $411.0M | ||
| Q3 25 | $739.6M | $553.0M | ||
| Q2 25 | $812.9M | $529.0M | ||
| Q1 25 | $704.8M | $398.0M | ||
| Q4 24 | $747.5M | $411.0M | ||
| Q3 24 | $775.6M | $532.0M | ||
| Q2 24 | $746.1M | $497.0M | ||
| Q1 24 | $752.6M | $395.0M |
净利润SCSCTRIP
| Q4 25 | $16.5M | $-38.0M | ||
| Q3 25 | $19.9M | $53.0M | ||
| Q2 25 | $20.1M | $36.0M | ||
| Q1 25 | $17.4M | $-11.0M | ||
| Q4 24 | $17.1M | $1.0M | ||
| Q3 24 | $17.0M | $39.0M | ||
| Q2 24 | $16.1M | $24.0M | ||
| Q1 24 | $12.8M | $-59.0M |
毛利率SCSCTRIP
| Q4 25 | 13.4% | 91.5% | ||
| Q3 25 | 14.5% | 92.6% | ||
| Q2 25 | 12.9% | 92.1% | ||
| Q1 25 | 14.2% | 93.2% | ||
| Q4 24 | 13.6% | 93.4% | ||
| Q3 24 | 13.1% | 92.5% | ||
| Q2 24 | 13.0% | 92.8% | ||
| Q1 24 | 12.6% | 93.7% |
营业利润率SCSCTRIP
| Q4 25 | 2.3% | -8.3% | ||
| Q3 25 | 3.5% | 12.7% | ||
| Q2 25 | 3.3% | 11.2% | ||
| Q1 25 | 3.2% | -3.8% | ||
| Q4 24 | 2.5% | 0.2% | ||
| Q3 24 | 2.3% | 13.2% | ||
| Q2 24 | 2.9% | 7.2% | ||
| Q1 24 | 2.3% | -3.8% |
净利率SCSCTRIP
| Q4 25 | 2.2% | -9.2% | ||
| Q3 25 | 2.7% | 9.6% | ||
| Q2 25 | 2.5% | 6.8% | ||
| Q1 25 | 2.5% | -2.8% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 2.2% | 7.3% | ||
| Q2 24 | 2.2% | 4.8% | ||
| Q1 24 | 1.7% | -14.9% |
每股收益（稀释后）SCSCTRIP
| Q4 25 | $0.75 | $-0.32 | ||
| Q3 25 | $0.89 | $0.43 | ||
| Q2 25 | $0.87 | $0.28 | ||
| Q1 25 | $0.74 | $-0.08 | ||
| Q4 24 | $0.70 | $0.03 | ||
| Q3 24 | $0.69 | $0.27 | ||
| Q2 24 | $0.66 | $0.17 | ||
| Q1 24 | $0.50 | $-0.43 |
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 | $1.0B |
| 总债务越低越好 | — | $819.0M |
| 股东权益账面价值 | $910.9M | $645.0M |
| 总资产 | $1.7B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资SCSCTRIP
| Q4 25 | $83.5M | $1.0B | ||
| Q3 25 | $124.9M | $1.2B | ||
| Q2 25 | $126.2M | $1.2B | ||
| Q1 25 | $146.3M | $1.2B | ||
| Q4 24 | $110.5M | $1.1B | ||
| Q3 24 | $145.0M | $1.1B | ||
| Q2 24 | $185.5M | $1.2B | ||
| Q1 24 | $159.1M | $1.2B |
总债务SCSCTRIP
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SCSCTRIP
| Q4 25 | $910.9M | $645.0M | ||
| Q3 25 | $914.0M | $707.0M | ||
| Q2 25 | $906.4M | $627.0M | ||
| Q1 25 | $901.7M | $643.0M | ||
| Q4 24 | $900.7M | $943.0M | ||
| Q3 24 | $920.9M | $944.0M | ||
| Q2 24 | $924.3M | $857.0M | ||
| Q1 24 | $944.1M | $825.0M |
总资产SCSCTRIP
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.8B | $2.9B | ||
| Q1 25 | $1.7B | $2.8B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.8B | $2.8B | ||
| Q1 24 | $1.8B | $2.7B |
负债/权益比SCSCTRIP
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $-122.0M |
| 自由现金流率自由现金流/营收 | 3.8% | -29.7% |
| 资本支出强度资本支出/营收 | 0.3% | 4.6% |
| 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 | — | $163.0M |
8季度趋势，按日历期对齐
经营现金流SCSCTRIP
| Q4 25 | $30.8M | $-103.0M | ||
| Q3 25 | $23.2M | $44.0M | ||
| Q2 25 | — | $202.0M | ||
| Q1 25 | $66.1M | $102.0M | ||
| Q4 24 | $-6.2M | $-3.0M | ||
| Q3 24 | $44.8M | $-43.0M | ||
| Q2 24 | — | $51.0M | ||
| Q1 24 | $160.2M | $139.0M |
自由现金流SCSCTRIP
| Q4 25 | $28.9M | $-122.0M | ||
| Q3 25 | $20.8M | $25.0M | ||
| Q2 25 | — | $177.0M | ||
| Q1 25 | $64.6M | $83.0M | ||
| Q4 24 | $-8.2M | $-26.0M | ||
| Q3 24 | $42.5M | $-63.0M | ||
| Q2 24 | — | $36.0M | ||
| Q1 24 | $157.7M | $123.0M |
自由现金流率SCSCTRIP
| Q4 25 | 3.8% | -29.7% | ||
| Q3 25 | 2.8% | 4.5% | ||
| Q2 25 | — | 33.5% | ||
| Q1 25 | 9.2% | 20.9% | ||
| Q4 24 | -1.1% | -6.3% | ||
| Q3 24 | 5.5% | -11.8% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | 21.0% | 31.1% |
资本支出强度SCSCTRIP
| Q4 25 | 0.3% | 4.6% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.3% | 4.7% | ||
| Q1 25 | 0.2% | 4.8% | ||
| Q4 24 | 0.3% | 5.6% | ||
| Q3 24 | 0.3% | 3.8% | ||
| Q2 24 | 0.2% | 3.0% | ||
| Q1 24 | 0.3% | 4.1% |
现金转化率SCSCTRIP
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.17× | 0.83× | ||
| Q2 25 | — | 5.61× | ||
| Q1 25 | 3.79× | — | ||
| Q4 24 | -0.36× | -3.00× | ||
| Q3 24 | 2.64× | -1.10× | ||
| Q2 24 | — | 2.13× | ||
| 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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
