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SCANSOURCE, INC.（SCSC）与威世（VSH）财务数据对比。点击上方公司名可切换其他公司
威世的季度营收约是SCANSOURCE, INC.的1.0倍（$800.9M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs 0.1%，领先2.0%），威世同比增速更快（12.1% vs 2.5%），威世自由现金流更多（$54.6M vs $28.9M），过去两年威世的营收复合增速更高（3.6% 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。
威世（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
SCSC vs VSH — 直观对比
营收规模更大
VSH
是对方的1.0倍
$766.5M
营收增速更快
VSH
高出9.5%
2.5%
净利率更高
SCSC
高出2.0%
0.1%
自由现金流更多
VSH
多$25.7M
$28.9M
两年增速更快
VSH
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $800.9M |
| 净利润 | $16.5M | $986.0K |
| 毛利率 | 13.4% | 19.6% |
| 营业利润率 | 2.3% | 1.8% |
| 净利率 | 2.2% | 0.1% |
| 营收同比 | 2.5% | 12.1% |
| 净利润同比 | -3.3% | 101.5% |
| 每股收益（稀释后） | $0.75 | $0.01 |
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SCSCVSH
| Q4 25 | $766.5M | $800.9M | ||
| Q3 25 | $739.6M | $790.6M | ||
| Q2 25 | $812.9M | $762.3M | ||
| Q1 25 | $704.8M | $715.2M | ||
| Q4 24 | $747.5M | $714.7M | ||
| Q3 24 | $775.6M | $735.4M | ||
| Q2 24 | $746.1M | $741.2M | ||
| Q1 24 | $752.6M | $746.3M |
净利润SCSCVSH
| Q4 25 | $16.5M | $986.0K | ||
| Q3 25 | $19.9M | $-7.9M | ||
| Q2 25 | $20.1M | $2.0M | ||
| Q1 25 | $17.4M | $-4.1M | ||
| Q4 24 | $17.1M | $-66.1M | ||
| Q3 24 | $17.0M | $-19.3M | ||
| Q2 24 | $16.1M | $23.5M | ||
| Q1 24 | $12.8M | $30.9M |
毛利率SCSCVSH
| Q4 25 | 13.4% | 19.6% | ||
| Q3 25 | 14.5% | 19.5% | ||
| Q2 25 | 12.9% | 19.5% | ||
| Q1 25 | 14.2% | 19.0% | ||
| Q4 24 | 13.6% | 19.9% | ||
| Q3 24 | 13.1% | 20.5% | ||
| Q2 24 | 13.0% | 22.0% | ||
| Q1 24 | 12.6% | 22.8% |
营业利润率SCSCVSH
| Q4 25 | 2.3% | 1.8% | ||
| Q3 25 | 3.5% | 2.4% | ||
| Q2 25 | 3.3% | 2.9% | ||
| Q1 25 | 3.2% | 0.1% | ||
| Q4 24 | 2.5% | -7.9% | ||
| Q3 24 | 2.3% | -2.5% | ||
| Q2 24 | 2.9% | 5.1% | ||
| Q1 24 | 2.3% | 5.7% |
净利率SCSCVSH
| Q4 25 | 2.2% | 0.1% | ||
| Q3 25 | 2.7% | -1.0% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | 2.5% | -0.6% | ||
| Q4 24 | 2.3% | -9.2% | ||
| Q3 24 | 2.2% | -2.6% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 1.7% | 4.1% |
每股收益（稀释后）SCSCVSH
| Q4 25 | $0.75 | $0.01 | ||
| Q3 25 | $0.89 | $-0.06 | ||
| Q2 25 | $0.87 | $0.01 | ||
| Q1 25 | $0.74 | $-0.03 | ||
| Q4 24 | $0.70 | $-0.48 | ||
| Q3 24 | $0.69 | $-0.14 | ||
| Q2 24 | $0.66 | $0.17 | ||
| Q1 24 | $0.50 | $0.22 |
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 | $515.0M |
| 总债务越低越好 | — | $950.9M |
| 股东权益账面价值 | $910.9M | $2.1B |
| 总资产 | $1.7B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资SCSCVSH
| Q4 25 | $83.5M | $515.0M | ||
| Q3 25 | $124.9M | $443.9M | ||
| Q2 25 | $126.2M | $473.9M | ||
| Q1 25 | $146.3M | $609.4M | ||
| Q4 24 | $110.5M | $590.3M | ||
| Q3 24 | $145.0M | $643.8M | ||
| Q2 24 | $185.5M | $672.7M | ||
| Q1 24 | $159.1M | $796.5M |
总债务SCSCVSH
| Q4 25 | — | $950.9M | ||
| Q3 25 | — | $919.7M | ||
| Q2 25 | — | $914.5M | ||
| Q1 25 | — | $988.2M | ||
| Q4 24 | — | $905.0M | ||
| Q3 24 | — | $820.8M | ||
| Q2 24 | — | $820.6M | ||
| Q1 24 | — | $819.4M |
股东权益SCSCVSH
| Q4 25 | $910.9M | $2.1B | ||
| Q3 25 | $914.0M | $2.1B | ||
| Q2 25 | $906.4M | $2.1B | ||
| Q1 25 | $901.7M | $2.0B | ||
| Q4 24 | $900.7M | $2.0B | ||
| Q3 24 | $920.9M | $2.2B | ||
| Q2 24 | $924.3M | $2.2B | ||
| Q1 24 | $944.1M | $2.2B |
总资产SCSCVSH
| Q4 25 | $1.7B | $4.2B | ||
| Q3 25 | $1.7B | $4.2B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.7B | $4.2B | ||
| Q4 24 | $1.7B | $4.1B | ||
| Q3 24 | $1.8B | $4.2B | ||
| Q2 24 | $1.8B | $4.2B | ||
| Q1 24 | $1.8B | $4.3B |
负债/权益比SCSCVSH
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
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 | $149.4M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $54.6M |
| 自由现金流率自由现金流/营收 | 3.8% | 6.8% |
| 资本支出强度资本支出/营收 | 0.3% | 11.8% |
| 现金转化率经营现金流/净利润 | 1.87× | 151.48× |
| 过去12个月自由现金流最近4个季度 | — | $-89.0M |
8季度趋势，按日历期对齐
经营现金流SCSCVSH
| Q4 25 | $30.8M | $149.4M | ||
| Q3 25 | $23.2M | $27.6M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | $66.1M | $16.1M | ||
| Q4 24 | $-6.2M | $67.7M | ||
| Q3 24 | $44.8M | $50.6M | ||
| Q2 24 | — | $-24.7M | ||
| Q1 24 | $160.2M | $80.2M |
自由现金流SCSCVSH
| Q4 25 | $28.9M | $54.6M | ||
| Q3 25 | $20.8M | $-24.7M | ||
| Q2 25 | — | $-73.4M | ||
| Q1 25 | $64.6M | $-45.5M | ||
| Q4 24 | $-8.2M | $-77.2M | ||
| Q3 24 | $42.5M | $-9.0M | ||
| Q2 24 | — | $-87.3M | ||
| Q1 24 | $157.7M | $27.1M |
自由现金流率SCSCVSH
| Q4 25 | 3.8% | 6.8% | ||
| Q3 25 | 2.8% | -3.1% | ||
| Q2 25 | — | -9.6% | ||
| Q1 25 | 9.2% | -6.4% | ||
| Q4 24 | -1.1% | -10.8% | ||
| Q3 24 | 5.5% | -1.2% | ||
| Q2 24 | — | -11.8% | ||
| Q1 24 | 21.0% | 3.6% |
资本支出强度SCSCVSH
| Q4 25 | 0.3% | 11.8% | ||
| Q3 25 | 0.3% | 6.6% | ||
| Q2 25 | 0.3% | 8.5% | ||
| Q1 25 | 0.2% | 8.6% | ||
| Q4 24 | 0.3% | 20.3% | ||
| Q3 24 | 0.3% | 8.1% | ||
| Q2 24 | 0.2% | 8.4% | ||
| Q1 24 | 0.3% | 7.1% |
现金转化率SCSCVSH
| Q4 25 | 1.87× | 151.48× | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | -4.39× | ||
| Q1 25 | 3.79× | — | ||
| Q4 24 | -0.36× | — | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | — | -1.05× | ||
| Q1 24 | 12.51× | 2.59× |
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% |
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
