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SCANSOURCE, INC.（SCSC）与Unity Software Inc.（U）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Unity Software Inc.的1.5倍（$766.5M vs $503.1M），SCANSOURCE, INC.净利率更高（2.2% vs -17.9%，领先20.0%），Unity Software Inc.同比增速更快（10.1% vs 2.5%），Unity Software Inc.自由现金流更多（$118.7M vs $28.9M），过去两年Unity Software Inc.的营收复合增速更高（4.5% 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。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
SCSC vs U — 直观对比
营收规模更大
SCSC
是对方的1.5倍
$503.1M
营收增速更快
U
高出7.5%
2.5%
净利率更高
SCSC
高出20.0%
-17.9%
自由现金流更多
U
多$89.8M
$28.9M
两年增速更快
U
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $503.1M |
| 净利润 | $16.5M | $-90.0M |
| 毛利率 | 13.4% | 74.3% |
| 营业利润率 | 2.3% | -21.2% |
| 净利率 | 2.2% | -17.9% |
| 营收同比 | 2.5% | 10.1% |
| 净利润同比 | -3.3% | 26.7% |
| 每股收益（稀释后） | $0.75 | $-0.21 |
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SCSCU
| Q4 25 | $766.5M | $503.1M | ||
| Q3 25 | $739.6M | $470.6M | ||
| Q2 25 | $812.9M | $440.9M | ||
| Q1 25 | $704.8M | $435.0M | ||
| Q4 24 | $747.5M | $457.1M | ||
| Q3 24 | $775.6M | $446.5M | ||
| Q2 24 | $746.1M | $449.3M | ||
| Q1 24 | $752.6M | $460.4M |
净利润SCSCU
| Q4 25 | $16.5M | $-90.0M | ||
| Q3 25 | $19.9M | $-126.4M | ||
| Q2 25 | $20.1M | $-108.8M | ||
| Q1 25 | $17.4M | $-77.6M | ||
| Q4 24 | $17.1M | $-122.7M | ||
| Q3 24 | $17.0M | $-124.7M | ||
| Q2 24 | $16.1M | $-125.6M | ||
| Q1 24 | $12.8M | $-291.1M |
毛利率SCSCU
| Q4 25 | 13.4% | 74.3% | ||
| Q3 25 | 14.5% | 74.4% | ||
| Q2 25 | 12.9% | 74.1% | ||
| Q1 25 | 14.2% | 73.8% | ||
| Q4 24 | 13.6% | 74.7% | ||
| Q3 24 | 13.1% | 74.9% | ||
| Q2 24 | 13.0% | 75.8% | ||
| Q1 24 | 12.6% | 68.6% |
营业利润率SCSCU
| Q4 25 | 2.3% | -21.2% | ||
| Q3 25 | 3.5% | -26.7% | ||
| Q2 25 | 3.3% | -26.9% | ||
| Q1 25 | 3.2% | -29.4% | ||
| Q4 24 | 2.5% | -27.1% | ||
| Q3 24 | 2.3% | -28.5% | ||
| Q2 24 | 2.9% | -28.8% | ||
| Q1 24 | 2.3% | -81.4% |
净利率SCSCU
| Q4 25 | 2.2% | -17.9% | ||
| Q3 25 | 2.7% | -26.9% | ||
| Q2 25 | 2.5% | -24.7% | ||
| Q1 25 | 2.5% | -17.8% | ||
| Q4 24 | 2.3% | -26.8% | ||
| Q3 24 | 2.2% | -27.9% | ||
| Q2 24 | 2.2% | -28.0% | ||
| Q1 24 | 1.7% | -63.2% |
每股收益（稀释后）SCSCU
| Q4 25 | $0.75 | $-0.21 | ||
| Q3 25 | $0.89 | $-0.30 | ||
| Q2 25 | $0.87 | $-0.26 | ||
| Q1 25 | $0.74 | $-0.19 | ||
| Q4 24 | $0.70 | $-0.30 | ||
| Q3 24 | $0.69 | $-0.31 | ||
| Q2 24 | $0.66 | $-0.32 | ||
| Q1 24 | $0.50 | $-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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $3.2B |
| 总资产 | $1.7B | $6.8B |
| 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SCSCU
| Q4 25 | $83.5M | $2.1B | ||
| Q3 25 | $124.9M | $1.9B | ||
| Q2 25 | $126.2M | $1.7B | ||
| Q1 25 | $146.3M | $1.5B | ||
| Q4 24 | $110.5M | $1.5B | ||
| Q3 24 | $145.0M | $1.4B | ||
| Q2 24 | $185.5M | $1.3B | ||
| Q1 24 | $159.1M | $1.2B |
股东权益SCSCU
| Q4 25 | $910.9M | $3.2B | ||
| Q3 25 | $914.0M | $3.2B | ||
| Q2 25 | $906.4M | $3.2B | ||
| Q1 25 | $901.7M | $3.2B | ||
| Q4 24 | $900.7M | $3.2B | ||
| Q3 24 | $920.9M | $3.2B | ||
| Q2 24 | $924.3M | $3.2B | ||
| Q1 24 | $944.1M | $3.2B |
总资产SCSCU
| Q4 25 | $1.7B | $6.8B | ||
| Q3 25 | $1.7B | $6.8B | ||
| Q2 25 | $1.8B | $6.7B | ||
| Q1 25 | $1.7B | $6.6B | ||
| Q4 24 | $1.7B | $6.7B | ||
| Q3 24 | $1.8B | $6.7B | ||
| Q2 24 | $1.8B | $6.7B | ||
| Q1 24 | $1.8B | $6.8B |
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 | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $118.7M |
| 自由现金流率自由现金流/营收 | 3.8% | 23.6% |
| 资本支出强度资本支出/营收 | 0.3% | 0.5% |
| 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 | — | $403.9M |
8季度趋势，按日历期对齐
经营现金流SCSCU
| Q4 25 | $30.8M | $121.4M | ||
| Q3 25 | $23.2M | $155.4M | ||
| Q2 25 | — | $133.1M | ||
| Q1 25 | $66.1M | $13.0M | ||
| Q4 24 | $-6.2M | $112.2M | ||
| Q3 24 | $44.8M | $122.4M | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | $160.2M | $-7.4M |
自由现金流SCSCU
| Q4 25 | $28.9M | $118.7M | ||
| Q3 25 | $20.8M | $151.3M | ||
| Q2 25 | — | $126.7M | ||
| Q1 25 | $64.6M | $7.3M | ||
| Q4 24 | $-8.2M | $105.8M | ||
| Q3 24 | $42.5M | $115.2M | ||
| Q2 24 | — | $79.6M | ||
| Q1 24 | $157.7M | $-14.6M |
自由现金流率SCSCU
| Q4 25 | 3.8% | 23.6% | ||
| Q3 25 | 2.8% | 32.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | 9.2% | 1.7% | ||
| Q4 24 | -1.1% | 23.1% | ||
| Q3 24 | 5.5% | 25.8% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | 21.0% | -3.2% |
资本支出强度SCSCU
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.3% | 1.5% | ||
| Q1 25 | 0.2% | 1.3% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.3% | 1.6% | ||
| Q2 24 | 0.2% | 2.0% | ||
| Q1 24 | 0.3% | 1.6% |
现金转化率SCSCU
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.79× | — | ||
| Q4 24 | -0.36× | — | ||
| 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% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
