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SCANSOURCE, INC.（SCSC）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
微博公司的季度营收约是SCANSOURCE, INC.的1.7倍（$1.3B vs $766.5M），微博公司净利率更高（35.7% vs 2.2%，领先33.5%），过去两年微博公司的营收复合增速更高（22.6% 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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
SCSC vs WB — 直观对比
营收规模更大
WB
是对方的1.7倍
$766.5M
净利率更高
WB
高出33.5%
2.2%
两年增速更快
WB
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $1.3B |
| 净利润 | $16.5M | $458.3M |
| 毛利率 | 13.4% | — |
| 营业利润率 | 2.3% | 29.1% |
| 净利率 | 2.2% | 35.7% |
| 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SCSCWB
| Q4 25 | $766.5M | — | ||
| Q3 25 | $739.6M | $1.3B | ||
| Q2 25 | $812.9M | $841.7M | ||
| Q1 25 | $704.8M | $396.9M | ||
| Q4 24 | $747.5M | — | ||
| Q3 24 | $775.6M | $1.3B | ||
| Q2 24 | $746.1M | $833.4M | ||
| Q1 24 | $752.6M | $395.5M |
净利润SCSCWB
| Q4 25 | $16.5M | — | ||
| Q3 25 | $19.9M | $458.3M | ||
| Q2 25 | $20.1M | $234.8M | ||
| Q1 25 | $17.4M | $108.1M | ||
| Q4 24 | $17.1M | — | ||
| Q3 24 | $17.0M | $297.4M | ||
| Q2 24 | $16.1M | $164.6M | ||
| Q1 24 | $12.8M | $51.1M |
毛利率SCSCWB
| 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SCSCWB
| Q4 25 | 2.3% | — | ||
| Q3 25 | 3.5% | 29.1% | ||
| Q2 25 | 3.3% | 30.4% | ||
| Q1 25 | 3.2% | 27.8% | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 2.3% | 29.0% | ||
| Q2 24 | 2.9% | 28.2% | ||
| Q1 24 | 2.3% | 25.2% |
净利率SCSCWB
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.7% | 35.7% | ||
| Q2 25 | 2.5% | 27.9% | ||
| Q1 25 | 2.5% | 27.2% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.2% | 22.9% | ||
| Q2 24 | 2.2% | 19.8% | ||
| Q1 24 | 1.7% | 12.9% |
每股收益（稀释后）SCSCWB
| 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 | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $3.9B |
| 总资产 | $1.7B | $6.9B |
| 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SCSCWB
| Q4 25 | $83.5M | — | ||
| Q3 25 | $124.9M | $1.1B | ||
| Q2 25 | $126.2M | $1.2B | ||
| Q1 25 | $146.3M | $1.2B | ||
| Q4 24 | $110.5M | — | ||
| Q3 24 | $145.0M | — | ||
| Q2 24 | $185.5M | $1.9B | ||
| Q1 24 | $159.1M | $2.1B |
股东权益SCSCWB
| Q4 25 | $910.9M | — | ||
| Q3 25 | $914.0M | $3.9B | ||
| Q2 25 | $906.4M | $3.6B | ||
| Q1 25 | $901.7M | $3.5B | ||
| Q4 24 | $900.7M | — | ||
| Q3 24 | $920.9M | — | ||
| Q2 24 | $924.3M | $3.4B | ||
| Q1 24 | $944.1M | $3.3B |
总资产SCSCWB
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $6.9B | ||
| Q2 25 | $1.8B | $6.5B | ||
| Q1 25 | $1.7B | $6.7B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | $7.1B | ||
| Q1 24 | $1.8B | $7.3B |
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SCSCWB
| 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SCSCWB
| 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SCSCWB
| 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SCSCWB
| 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SCSCWB
| 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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
