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SCANSOURCE, INC.（SCSC）与WESTERN ALLIANCE BANCORPORATION（WAL）财务数据对比。点击上方公司名可切换其他公司
WESTERN ALLIANCE BANCORPORATION的季度营收约是SCANSOURCE, INC.的1.3倍（$1.0B vs $766.5M），WESTERN ALLIANCE BANCORPORATION净利率更高（18.6% vs 2.2%，领先16.4%），WESTERN ALLIANCE BANCORPORATION同比增速更快（31.0% vs 2.5%），过去两年WESTERN ALLIANCE BANCORPORATION的营收复合增速更高（14.9% 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。
Western Alliance Bancorporation是总部位于美国菲尼克斯的区域性银行控股公司，长期深耕美国本土区域金融服务市场，目前已跻身美国最大银行行列，在福布斯发布的美国最佳银行榜单中排名第97位。
SCSC vs WAL — 直观对比
营收规模更大
WAL
是对方的1.3倍
$766.5M
营收增速更快
WAL
高出28.4%
2.5%
净利率更高
WAL
高出16.4%
2.2%
两年增速更快
WAL
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $1.0B |
| 净利润 | $16.5M | $189.2M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 2.3% | — |
| 净利率 | 2.2% | 18.6% |
| 营收同比 | 2.5% | 31.0% |
| 净利润同比 | -3.3% | -5.0% |
| 每股收益（稀释后） | $0.75 | $1.65 |
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SCSCWAL
| Q1 26 | — | $1.0B | ||
| Q4 25 | $766.5M | $980.9M | ||
| Q3 25 | $739.6M | $938.2M | ||
| Q2 25 | $812.9M | $845.9M | ||
| Q1 25 | $704.8M | $778.0M | ||
| Q4 24 | $747.5M | $838.4M | ||
| Q3 24 | $775.6M | $823.1M | ||
| Q2 24 | $746.1M | $771.8M |
净利润SCSCWAL
| Q1 26 | — | $189.2M | ||
| Q4 25 | $16.5M | $286.1M | ||
| Q3 25 | $19.9M | $253.4M | ||
| Q2 25 | $20.1M | $230.4M | ||
| Q1 25 | $17.4M | $199.1M | ||
| Q4 24 | $17.1M | $216.9M | ||
| Q3 24 | $17.0M | $199.8M | ||
| Q2 24 | $16.1M | $193.6M |
毛利率SCSCWAL
| 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SCSCWAL
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 36.3% | ||
| Q3 25 | 3.5% | 33.4% | ||
| Q2 25 | 3.3% | 34.4% | ||
| Q1 25 | 3.2% | 31.7% | ||
| Q4 24 | 2.5% | 30.9% | ||
| Q3 24 | 2.3% | 30.6% | ||
| Q2 24 | 2.9% | 32.1% |
净利率SCSCWAL
| Q1 26 | — | 18.6% | ||
| Q4 25 | 2.2% | 29.2% | ||
| Q3 25 | 2.7% | 27.0% | ||
| Q2 25 | 2.5% | 27.2% | ||
| Q1 25 | 2.5% | 25.6% | ||
| Q4 24 | 2.3% | 25.9% | ||
| Q3 24 | 2.2% | 24.3% | ||
| Q2 24 | 2.2% | 25.1% |
每股收益（稀释后）SCSCWAL
| Q1 26 | — | $1.65 | ||
| Q4 25 | $0.75 | $2.59 | ||
| Q3 25 | $0.89 | $2.28 | ||
| Q2 25 | $0.87 | $2.07 | ||
| Q1 25 | $0.74 | $1.79 | ||
| Q4 24 | $0.70 | $1.94 | ||
| Q3 24 | $0.69 | $1.80 | ||
| Q2 24 | $0.66 | $1.75 |
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 | — |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $910.9M | $7.9B |
| 总资产 | $1.7B | $98.9B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资SCSCWAL
| Q1 26 | — | — | ||
| Q4 25 | $83.5M | — | ||
| Q3 25 | $124.9M | — | ||
| Q2 25 | $126.2M | — | ||
| Q1 25 | $146.3M | — | ||
| Q4 24 | $110.5M | — | ||
| Q3 24 | $145.0M | — | ||
| Q2 24 | $185.5M | — |
总债务SCSCWAL
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $436.0M |
股东权益SCSCWAL
| Q1 26 | — | $7.9B | ||
| Q4 25 | $910.9M | $7.7B | ||
| Q3 25 | $914.0M | $7.4B | ||
| Q2 25 | $906.4M | $7.1B | ||
| Q1 25 | $901.7M | $6.9B | ||
| Q4 24 | $900.7M | $6.7B | ||
| Q3 24 | $920.9M | $6.7B | ||
| Q2 24 | $924.3M | $6.3B |
总资产SCSCWAL
| Q1 26 | — | $98.9B | ||
| Q4 25 | $1.7B | $92.8B | ||
| Q3 25 | $1.7B | $91.0B | ||
| Q2 25 | $1.8B | $86.7B | ||
| Q1 25 | $1.7B | $83.0B | ||
| Q4 24 | $1.7B | $80.9B | ||
| Q3 24 | $1.8B | $80.1B | ||
| Q2 24 | $1.8B | $80.6B |
负债/权益比SCSCWAL
| Q1 26 | — | 0.54× | ||
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.23× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.07× |
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SCSCWAL
| Q1 26 | — | — | ||
| Q4 25 | $30.8M | $-2.7B | ||
| Q3 25 | $23.2M | $-597.4M | ||
| Q2 25 | — | $-357.7M | ||
| Q1 25 | $66.1M | $-1.7B | ||
| Q4 24 | $-6.2M | $-2.7B | ||
| Q3 24 | $44.8M | $-1.1B | ||
| Q2 24 | — | $-745.8M |
自由现金流SCSCWAL
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | — | ||
| Q3 25 | $20.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $64.6M | — | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $42.5M | — | ||
| Q2 24 | — | — |
自由现金流率SCSCWAL
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | — | — |
资本支出强度SCSCWAL
| Q1 26 | — | — | ||
| 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% | — |
现金转化率SCSCWAL
| Q1 26 | — | — | ||
| Q4 25 | 1.87× | -9.36× | ||
| Q3 25 | 1.17× | -2.36× | ||
| Q2 25 | — | -1.55× | ||
| Q1 25 | 3.79× | -8.31× | ||
| Q4 24 | -0.36× | -12.64× | ||
| Q3 24 | 2.64× | -5.35× | ||
| Q2 24 | — | -3.85× |
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% |
WAL
暂无分部数据
