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SCANSOURCE, INC.（SCSC）与Frontier Group Holdings, Inc.（ULCC）财务数据对比。点击上方公司名可切换其他公司
Frontier Group Holdings, Inc.的季度营收约是SCANSOURCE, INC.的1.3倍（$997.0M vs $766.5M），Frontier Group Holdings, Inc.净利率更高（5.3% vs 2.2%，领先3.2%），SCANSOURCE, INC.同比增速更快（2.5% vs -0.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $-113.0M），过去两年Frontier Group Holdings, Inc.的营收复合增速更高（7.4% 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。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
SCSC vs ULCC — 直观对比
营收规模更大
ULCC
是对方的1.3倍
$766.5M
营收增速更快
SCSC
高出3.0%
-0.5%
净利率更高
ULCC
高出3.2%
2.2%
自由现金流更多
SCSC
多$141.9M
$-113.0M
两年增速更快
ULCC
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $997.0M |
| 净利润 | $16.5M | $53.0M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 2.3% | 4.9% |
| 净利率 | 2.2% | 5.3% |
| 营收同比 | 2.5% | -0.5% |
| 净利润同比 | -3.3% | -1.9% |
| 每股收益（稀释后） | $0.75 | $0.24 |
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SCSCULCC
| Q4 25 | $766.5M | $997.0M | ||
| Q3 25 | $739.6M | $886.0M | ||
| Q2 25 | $812.9M | $929.0M | ||
| Q1 25 | $704.8M | $912.0M | ||
| Q4 24 | $747.5M | $1.0B | ||
| Q3 24 | $775.6M | $935.0M | ||
| Q2 24 | $746.1M | $973.0M | ||
| Q1 24 | $752.6M | $865.0M |
净利润SCSCULCC
| Q4 25 | $16.5M | $53.0M | ||
| Q3 25 | $19.9M | $-77.0M | ||
| Q2 25 | $20.1M | $-70.0M | ||
| Q1 25 | $17.4M | $-43.0M | ||
| Q4 24 | $17.1M | $54.0M | ||
| Q3 24 | $17.0M | $26.0M | ||
| Q2 24 | $16.1M | $31.0M | ||
| Q1 24 | $12.8M | $-26.0M |
毛利率SCSCULCC
| Q4 25 | 13.4% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 13.1% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 12.6% | — |
营业利润率SCSCULCC
| Q4 25 | 2.3% | 4.9% | ||
| Q3 25 | 3.5% | -8.7% | ||
| Q2 25 | 3.3% | -8.1% | ||
| Q1 25 | 3.2% | -5.0% | ||
| Q4 24 | 2.5% | 4.5% | ||
| Q3 24 | 2.3% | 2.0% | ||
| Q2 24 | 2.9% | 2.6% | ||
| Q1 24 | 2.3% | -3.6% |
净利率SCSCULCC
| Q4 25 | 2.2% | 5.3% | ||
| Q3 25 | 2.7% | -8.7% | ||
| Q2 25 | 2.5% | -7.5% | ||
| Q1 25 | 2.5% | -4.7% | ||
| Q4 24 | 2.3% | 5.4% | ||
| Q3 24 | 2.2% | 2.8% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 1.7% | -3.0% |
每股收益（稀释后）SCSCULCC
| Q4 25 | $0.75 | $0.24 | ||
| Q3 25 | $0.89 | $-0.34 | ||
| Q2 25 | $0.87 | $-0.31 | ||
| Q1 25 | $0.74 | $-0.19 | ||
| Q4 24 | $0.70 | $0.24 | ||
| Q3 24 | $0.69 | $0.11 | ||
| Q2 24 | $0.66 | $0.14 | ||
| Q1 24 | $0.50 | $-0.12 |
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 | $671.0M |
| 总债务越低越好 | — | $620.0M |
| 股东权益账面价值 | $910.9M | $491.0M |
| 总资产 | $1.7B | $7.2B |
| 负债/权益比越低杠杆越低 | — | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资SCSCULCC
| Q4 25 | $83.5M | $671.0M | ||
| Q3 25 | $124.9M | $566.0M | ||
| Q2 25 | $126.2M | $563.0M | ||
| Q1 25 | $146.3M | $686.0M | ||
| Q4 24 | $110.5M | $740.0M | ||
| Q3 24 | $145.0M | $576.0M | ||
| Q2 24 | $185.5M | $658.0M | ||
| Q1 24 | $159.1M | $622.0M |
总债务SCSCULCC
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $673.0M | ||
| Q2 25 | — | $565.0M | ||
| Q1 25 | — | $512.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | — | $474.0M | ||
| Q2 24 | — | $455.0M | ||
| Q1 24 | — | $469.0M |
股东权益SCSCULCC
| Q4 25 | $910.9M | $491.0M | ||
| Q3 25 | $914.0M | $434.0M | ||
| Q2 25 | $906.4M | $506.0M | ||
| Q1 25 | $901.7M | $570.0M | ||
| Q4 24 | $900.7M | $604.0M | ||
| Q3 24 | $920.9M | $549.0M | ||
| Q2 24 | $924.3M | $520.0M | ||
| Q1 24 | $944.1M | $484.0M |
总资产SCSCULCC
| Q4 25 | $1.7B | $7.2B | ||
| Q3 25 | $1.7B | $6.7B | ||
| Q2 25 | $1.8B | $6.5B | ||
| Q1 25 | $1.7B | $6.5B | ||
| Q4 24 | $1.7B | $6.2B | ||
| Q3 24 | $1.8B | $5.8B | ||
| Q2 24 | $1.8B | $5.7B | ||
| Q1 24 | $1.8B | $5.2B |
负债/权益比SCSCULCC
| Q4 25 | — | 1.26× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.97× |
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 | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $-113.0M |
| 自由现金流率自由现金流/营收 | 3.8% | -11.3% |
| 资本支出强度资本支出/营收 | 0.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.87× | -1.72× |
| 过去12个月自由现金流最近4个季度 | — | $-600.0M |
8季度趋势，按日历期对齐
经营现金流SCSCULCC
| Q4 25 | $30.8M | $-91.0M | ||
| Q3 25 | $23.2M | $-215.0M | ||
| Q2 25 | — | $-133.0M | ||
| Q1 25 | $66.1M | $-86.0M | ||
| Q4 24 | $-6.2M | $87.0M | ||
| Q3 24 | $44.8M | $-156.0M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | $160.2M | $-22.0M |
自由现金流SCSCULCC
| Q4 25 | $28.9M | $-113.0M | ||
| Q3 25 | $20.8M | $-217.0M | ||
| Q2 25 | — | $-166.0M | ||
| Q1 25 | $64.6M | $-104.0M | ||
| Q4 24 | $-8.2M | $73.0M | ||
| Q3 24 | $42.5M | $-170.0M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | $157.7M | $-39.0M |
自由现金流率SCSCULCC
| Q4 25 | 3.8% | -11.3% | ||
| Q3 25 | 2.8% | -24.5% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | 9.2% | -11.4% | ||
| Q4 24 | -1.1% | 7.3% | ||
| Q3 24 | 5.5% | -18.2% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | 21.0% | -4.5% |
资本支出强度SCSCULCC
| Q4 25 | 0.3% | 2.2% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 0.3% | 3.6% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.3% | 1.5% | ||
| Q2 24 | 0.2% | 3.2% | ||
| Q1 24 | 0.3% | 2.0% |
现金转化率SCSCULCC
| Q4 25 | 1.87× | -1.72× | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.79× | — | ||
| Q4 24 | -0.36× | 1.61× | ||
| Q3 24 | 2.64× | -6.00× | ||
| Q2 24 | — | 0.29× | ||
| 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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
