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SCANSOURCE, INC.（SCSC）与Victory Capital Holdings, Inc.（VCTR）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Victory Capital Holdings, Inc.的2.0倍（$766.5M vs $388.0M），Victory Capital Holdings, Inc.净利率更高（28.9% vs 2.2%，领先26.7%），Victory Capital Holdings, Inc.同比增速更快（76.7% vs 2.5%），过去两年Victory Capital Holdings, Inc.的营收复合增速更高（32.9% 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。
Victory Capital Holdings是一家总部位于美国得克萨斯州圣安东尼奥的金融服务企业，核心业务为投资管理。除美国本土外，公司在伦敦、中国香港、新加坡三地均配备了专业投资团队，为全球客户提供资产管理相关服务。
SCSC vs VCTR — 直观对比
营收规模更大
SCSC
是对方的2.0倍
$388.0M
营收增速更快
VCTR
高出74.1%
2.5%
净利率更高
VCTR
高出26.7%
2.2%
两年增速更快
VCTR
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $388.0M |
| 净利润 | $16.5M | $112.1M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 2.3% | 41.0% |
| 净利率 | 2.2% | 28.9% |
| 营收同比 | 2.5% | 76.7% |
| 净利润同比 | -3.3% | 80.8% |
| 每股收益（稀释后） | $0.75 | — |
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SCSCVCTR
| Q1 26 | — | $388.0M | ||
| Q4 25 | $766.5M | $374.1M | ||
| Q3 25 | $739.6M | $361.2M | ||
| Q2 25 | $812.9M | $351.2M | ||
| Q1 25 | $704.8M | $219.6M | ||
| Q4 24 | $747.5M | $232.4M | ||
| Q3 24 | $775.6M | $225.6M | ||
| Q2 24 | $746.1M | $219.6M |
净利润SCSCVCTR
| Q1 26 | — | $112.1M | ||
| Q4 25 | $16.5M | $112.8M | ||
| Q3 25 | $19.9M | $96.5M | ||
| Q2 25 | $20.1M | $58.7M | ||
| Q1 25 | $17.4M | $62.0M | ||
| Q4 24 | $17.1M | $76.9M | ||
| Q3 24 | $17.0M | $82.0M | ||
| Q2 24 | $16.1M | $74.3M |
毛利率SCSCVCTR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率SCSCVCTR
| Q1 26 | — | 41.0% | ||
| Q4 25 | 2.3% | 40.9% | ||
| Q3 25 | 3.5% | 38.2% | ||
| Q2 25 | 3.3% | 26.8% | ||
| Q1 25 | 3.2% | 42.3% | ||
| Q4 24 | 2.5% | 48.1% | ||
| Q3 24 | 2.3% | 53.3% | ||
| Q2 24 | 2.9% | 50.4% |
净利率SCSCVCTR
| Q1 26 | — | 28.9% | ||
| Q4 25 | 2.2% | 30.2% | ||
| Q3 25 | 2.7% | 26.7% | ||
| Q2 25 | 2.5% | 16.7% | ||
| Q1 25 | 2.5% | 28.2% | ||
| Q4 24 | 2.3% | 33.1% | ||
| Q3 24 | 2.2% | 36.3% | ||
| Q2 24 | 2.2% | 33.8% |
每股收益（稀释后）SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | $0.75 | $1.33 | ||
| Q3 25 | $0.89 | $1.11 | ||
| Q2 25 | $0.87 | $0.68 | ||
| Q1 25 | $0.74 | $0.96 | ||
| Q4 24 | $0.70 | $1.18 | ||
| Q3 24 | $0.69 | $1.24 | ||
| Q2 24 | $0.66 | $1.12 |
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 | $75.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $2.4B |
| 总资产 | $1.7B | $4.1B |
| 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SCSCVCTR
| Q1 26 | — | $75.8M | ||
| Q4 25 | $83.5M | $163.7M | ||
| Q3 25 | $124.9M | $115.7M | ||
| Q2 25 | $126.2M | $107.9M | ||
| Q1 25 | $146.3M | $175.6M | ||
| Q4 24 | $110.5M | $126.7M | ||
| Q3 24 | $145.0M | $188.2M | ||
| Q2 24 | $185.5M | $119.0M |
总债务SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $972.0M | ||
| Q2 25 | — | $965.7M | ||
| Q1 25 | — | $964.8M | ||
| Q4 24 | — | $963.9M | ||
| Q3 24 | — | $982.7M | ||
| Q2 24 | — | $981.7M |
股东权益SCSCVCTR
| Q1 26 | — | $2.4B | ||
| Q4 25 | $910.9M | $2.4B | ||
| Q3 25 | $914.0M | $2.4B | ||
| Q2 25 | $906.4M | $2.5B | ||
| Q1 25 | $901.7M | $1.1B | ||
| Q4 24 | $900.7M | $1.1B | ||
| Q3 24 | $920.9M | $1.2B | ||
| Q2 24 | $924.3M | $1.1B |
总资产SCSCVCTR
| Q1 26 | — | $4.1B | ||
| Q4 25 | $1.7B | $4.2B | ||
| Q3 25 | $1.7B | $4.2B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.5B | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $1.8B | $2.5B |
负债/权益比SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.84× | ||
| Q2 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 | — |
| 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SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | $30.8M | $145.1M | ||
| Q3 25 | $23.2M | $165.9M | ||
| Q2 25 | — | $-6.6M | ||
| Q1 25 | $66.1M | $81.1M | ||
| Q4 24 | $-6.2M | $91.8M | ||
| Q3 24 | $44.8M | $99.8M | ||
| Q2 24 | — | $79.7M |
自由现金流SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $144.5M | ||
| Q3 25 | $20.8M | $164.8M | ||
| Q2 25 | — | $-7.5M | ||
| Q1 25 | $64.6M | $79.5M | ||
| Q4 24 | $-8.2M | $91.7M | ||
| Q3 24 | $42.5M | $99.4M | ||
| Q2 24 | — | $79.5M |
自由现金流率SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 38.6% | ||
| Q3 25 | 2.8% | 45.6% | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | 9.2% | 36.2% | ||
| Q4 24 | -1.1% | 39.4% | ||
| Q3 24 | 5.5% | 44.0% | ||
| Q2 24 | — | 36.2% |
资本支出强度SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.2% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.3% | 0.3% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 0.3% | 0.1% | ||
| Q3 24 | 0.3% | 0.2% | ||
| Q2 24 | 0.2% | 0.1% |
现金转化率SCSCVCTR
| Q1 26 | — | — | ||
| Q4 25 | 1.87× | 1.29× | ||
| Q3 25 | 1.17× | 1.72× | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | 3.79× | 1.31× | ||
| Q4 24 | -0.36× | 1.19× | ||
| Q3 24 | 2.64× | 1.22× | ||
| Q2 24 | — | 1.07× |
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% |
VCTR
| Investment management fees | $316.4M | 82% |
| Fund administration and distribution fees | $71.6M | 18% |
