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SCANSOURCE, INC.（SCSC）与VinFast Auto Ltd.（VFS）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VinFast Auto Ltd.的1.1倍（$766.5M vs $718.6M），SCANSOURCE, INC.净利率更高（2.2% vs -2.8%，领先4.9%）
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。
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
SCSC vs VFS — 直观对比
营收规模更大
SCSC
是对方的1.1倍
$718.6M
净利率更高
SCSC
高出4.9%
-2.8%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $718.6M |
| 净利润 | $16.5M | $-20.0M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 2.3% | -96.1% |
| 净利率 | 2.2% | -2.8% |
| 营收同比 | 2.5% | — |
| 净利润同比 | -3.3% | — |
| 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SCSCVFS
| Q4 25 | $766.5M | — | ||
| Q3 25 | $739.6M | $718.6M | ||
| Q2 25 | $812.9M | $663.0M | ||
| Q1 25 | $704.8M | $656.5M | ||
| Q4 24 | $747.5M | — | ||
| Q3 24 | $775.6M | $511.6M | ||
| Q2 24 | $746.1M | — | ||
| Q1 24 | $752.6M | $302.6M |
净利润SCSCVFS
| Q4 25 | $16.5M | — | ||
| Q3 25 | $19.9M | $-20.0M | ||
| Q2 25 | $20.1M | $-51.8M | ||
| Q1 25 | $17.4M | $-26.1M | ||
| Q4 24 | $17.1M | — | ||
| Q3 24 | $17.0M | $-10.4M | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $12.8M | $-618.3M |
毛利率SCSCVFS
| 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SCSCVFS
| Q4 25 | 2.3% | — | ||
| Q3 25 | 3.5% | -96.1% | ||
| Q2 25 | 3.3% | -79.0% | ||
| Q1 25 | 3.2% | -74.0% | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 2.3% | -65.9% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 2.3% | -139.4% |
净利率SCSCVFS
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.7% | -2.8% | ||
| Q2 25 | 2.5% | -7.8% | ||
| Q1 25 | 2.5% | -4.0% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.2% | -2.0% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.7% | -204.3% |
每股收益（稀释后）SCSCVFS
| Q4 25 | $0.75 | — | ||
| Q3 25 | $0.89 | — | ||
| Q2 25 | $0.87 | — | ||
| Q1 25 | $0.74 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $0.69 | — | ||
| Q2 24 | $0.66 | — | ||
| Q1 24 | $0.50 | — |
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 | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | — |
| 总资产 | $1.7B | $183.2M |
| 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SCSCVFS
| Q4 25 | $83.5M | — | ||
| Q3 25 | $124.9M | $8.8M | ||
| Q2 25 | $126.2M | $650.0M | ||
| Q1 25 | $146.3M | $2.4M | ||
| Q4 24 | $110.5M | — | ||
| Q3 24 | $145.0M | $1.9M | ||
| Q2 24 | $185.5M | — | ||
| Q1 24 | $159.1M | $3.0M |
股东权益SCSCVFS
| Q4 25 | $910.9M | — | ||
| Q3 25 | $914.0M | — | ||
| Q2 25 | $906.4M | $-7.2B | ||
| Q1 25 | $901.7M | — | ||
| Q4 24 | $900.7M | — | ||
| Q3 24 | $920.9M | — | ||
| Q2 24 | $924.3M | — | ||
| Q1 24 | $944.1M | — |
总资产SCSCVFS
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $183.2M | ||
| Q2 25 | $1.8B | $7.2B | ||
| Q1 25 | $1.7B | $158.2M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.8B | $151.8M | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | $145.6M |
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SCSCVFS
| Q4 25 | $30.8M | — | ||
| Q3 25 | $23.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $66.1M | — | ||
| Q4 24 | $-6.2M | — | ||
| Q3 24 | $44.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $160.2M | — |
自由现金流SCSCVFS
| Q4 25 | $28.9M | — | ||
| Q3 25 | $20.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $64.6M | — | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $42.5M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $157.7M | — |
自由现金流率SCSCVFS
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 21.0% | — |
资本支出强度SCSCVFS
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
现金转化率SCSCVFS
| 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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
