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SCANSOURCE, INC.（SCSC）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）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ADVANCED DRAINAGE SYSTEMS, INC.的1.1倍（$766.5M vs $693.4M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs 2.2%，领先11.4%），SCANSOURCE, INC.同比增速更快（2.5% vs 0.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $28.9M），过去两年ADVANCED DRAINAGE SYSTEMS, INC.的营收复合增速更高（3.0% 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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
SCSC vs WMS — 直观对比
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $693.4M |
| 净利润 | $16.5M | $93.6M |
| 毛利率 | 13.4% | 37.4% |
| 营业利润率 | 2.3% | 19.7% |
| 净利率 | 2.2% | 13.5% |
| 营收同比 | 2.5% | 0.4% |
| 净利润同比 | -3.3% | 15.3% |
| 每股收益（稀释后） | $0.75 | $1.19 |
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
| Q4 25 | $766.5M | $693.4M | ||
| Q3 25 | $739.6M | $850.4M | ||
| Q2 25 | $812.9M | $829.9M | ||
| Q1 25 | $704.8M | $615.8M | ||
| Q4 24 | $747.5M | $690.5M | ||
| Q3 24 | $775.6M | $782.6M | ||
| Q2 24 | $746.1M | $815.3M | ||
| Q1 24 | $752.6M | $653.8M |
| Q4 25 | $16.5M | $93.6M | ||
| Q3 25 | $19.9M | $156.0M | ||
| Q2 25 | $20.1M | $143.9M | ||
| Q1 25 | $17.4M | $77.2M | ||
| Q4 24 | $17.1M | $81.2M | ||
| Q3 24 | $17.0M | $130.4M | ||
| Q2 24 | $16.1M | $161.4M | ||
| Q1 24 | $12.8M | $94.8M |
| Q4 25 | 13.4% | 37.4% | ||
| Q3 25 | 14.5% | 40.0% | ||
| Q2 25 | 12.9% | 39.8% | ||
| Q1 25 | 14.2% | 36.7% | ||
| Q4 24 | 13.6% | 35.0% | ||
| Q3 24 | 13.1% | 37.6% | ||
| Q2 24 | 13.0% | 40.8% | ||
| Q1 24 | 12.6% | 38.5% |
| Q4 25 | 2.3% | 19.7% | ||
| Q3 25 | 3.5% | 26.3% | ||
| Q2 25 | 3.3% | 24.8% | ||
| Q1 25 | 3.2% | 19.0% | ||
| Q4 24 | 2.5% | 18.4% | ||
| Q3 24 | 2.3% | 23.9% | ||
| Q2 24 | 2.9% | 27.7% | ||
| Q1 24 | 2.3% | 20.7% |
| Q4 25 | 2.2% | 13.5% | ||
| Q3 25 | 2.7% | 18.3% | ||
| Q2 25 | 2.5% | 17.3% | ||
| Q1 25 | 2.5% | 12.5% | ||
| Q4 24 | 2.3% | 11.8% | ||
| Q3 24 | 2.2% | 16.7% | ||
| Q2 24 | 2.2% | 19.8% | ||
| Q1 24 | 1.7% | 14.5% |
| Q4 25 | $0.75 | $1.19 | ||
| Q3 25 | $0.89 | $1.99 | ||
| Q2 25 | $0.87 | $1.84 | ||
| Q1 25 | $0.74 | $0.99 | ||
| Q4 24 | $0.70 | $1.04 | ||
| Q3 24 | $0.69 | $1.67 | ||
| Q2 24 | $0.66 | $2.06 | ||
| Q1 24 | $0.50 | $1.22 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $1.9B |
| 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
| Q4 25 | $83.5M | $1.0B | ||
| Q3 25 | $124.9M | $812.9M | ||
| Q2 25 | $126.2M | $638.3M | ||
| Q1 25 | $146.3M | $463.3M | ||
| Q4 24 | $110.5M | $488.9M | ||
| Q3 24 | $145.0M | $613.0M | ||
| Q2 24 | $185.5M | $541.6M | ||
| Q1 24 | $159.1M | $490.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $910.9M | $1.9B | ||
| Q3 25 | $914.0M | $1.8B | ||
| Q2 25 | $906.4M | $1.7B | ||
| Q1 25 | $901.7M | $1.5B | ||
| Q4 24 | $900.7M | $1.5B | ||
| Q3 24 | $920.9M | $1.4B | ||
| Q2 24 | $924.3M | $1.3B | ||
| Q1 24 | $944.1M | $1.2B |
| Q4 25 | $1.7B | $4.1B | ||
| Q3 25 | $1.7B | $4.1B | ||
| Q2 25 | $1.8B | $3.9B | ||
| Q1 25 | $1.7B | $3.7B | ||
| Q4 24 | $1.7B | $3.6B | ||
| Q3 24 | $1.8B | $3.5B | ||
| Q2 24 | $1.8B | $3.4B | ||
| Q1 24 | $1.8B | $3.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $183.6M |
| 自由现金流率自由现金流/营收 | 3.8% | 26.5% |
| 资本支出强度资本支出/营收 | 0.3% | 12.4% |
| 现金转化率经营现金流/净利润 | 1.87× | 2.88× |
| 过去12个月自由现金流最近4个季度 | — | $577.1M |
8季度趋势，按日历期对齐
| Q4 25 | $30.8M | $269.3M | ||
| Q3 25 | $23.2M | $234.9M | ||
| Q2 25 | — | $275.0M | ||
| Q1 25 | $66.1M | $41.2M | ||
| Q4 24 | $-6.2M | $189.9M | ||
| Q3 24 | $44.8M | $166.9M | ||
| Q2 24 | — | $183.4M | ||
| Q1 24 | $160.2M | $17.7M |
| Q4 25 | $28.9M | $183.6M | ||
| Q3 25 | $20.8M | $176.4M | ||
| Q2 25 | — | $222.4M | ||
| Q1 25 | $64.6M | $-5.3M | ||
| Q4 24 | $-8.2M | $135.7M | ||
| Q3 24 | $42.5M | $112.4M | ||
| Q2 24 | — | $125.7M | ||
| Q1 24 | $157.7M | $-29.8M |
| Q4 25 | 3.8% | 26.5% | ||
| Q3 25 | 2.8% | 20.7% | ||
| Q2 25 | — | 26.8% | ||
| Q1 25 | 9.2% | -0.9% | ||
| Q4 24 | -1.1% | 19.7% | ||
| Q3 24 | 5.5% | 14.4% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | 21.0% | -4.6% |
| Q4 25 | 0.3% | 12.4% | ||
| Q3 25 | 0.3% | 6.9% | ||
| Q2 25 | 0.3% | 6.3% | ||
| Q1 25 | 0.2% | 7.6% | ||
| Q4 24 | 0.3% | 7.9% | ||
| Q3 24 | 0.3% | 7.0% | ||
| Q2 24 | 0.2% | 7.1% | ||
| Q1 24 | 0.3% | 7.3% |
| Q4 25 | 1.87× | 2.88× | ||
| Q3 25 | 1.17× | 1.51× | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | 3.79× | 0.53× | ||
| Q4 24 | -0.36× | 2.34× | ||
| Q3 24 | 2.64× | 1.28× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | 12.51× | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
