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SCANSOURCE, INC.（SCSC）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是SCANSOURCE, INC.的1.1倍（$871.9M vs $766.5M），Worthington Steel, Inc.净利率更高（2.2% vs 2.2%，领先0.0%），Worthington Steel, Inc.同比增速更快（18.0% vs 2.5%），Worthington Steel, Inc.自由现金流更多（$74.6M vs $28.9M），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
SCSC vs WS — 直观对比
营收规模更大
WS
是对方的1.1倍
$766.5M
营收增速更快
WS
高出15.4%
2.5%
净利率更高
WS
高出0.0%
2.2%
自由现金流更多
WS
多$45.7M
$28.9M
两年增速更快
WS
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $871.9M |
| 净利润 | $16.5M | $18.8M |
| 毛利率 | 13.4% | 10.7% |
| 营业利润率 | 2.3% | 2.5% |
| 净利率 | 2.2% | 2.2% |
| 营收同比 | 2.5% | 18.0% |
| 净利润同比 | -3.3% | 46.9% |
| 每股收益（稀释后） | $0.75 | $0.37 |
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SCSCWS
| Q4 25 | $766.5M | $871.9M | ||
| Q3 25 | $739.6M | $872.9M | ||
| Q2 25 | $812.9M | $832.9M | ||
| Q1 25 | $704.8M | $687.4M | ||
| Q4 24 | $747.5M | $739.0M | ||
| Q3 24 | $775.6M | $834.0M | ||
| Q2 24 | $746.1M | — | ||
| Q1 24 | $752.6M | $805.8M |
净利润SCSCWS
| Q4 25 | $16.5M | $18.8M | ||
| Q3 25 | $19.9M | $36.8M | ||
| Q2 25 | $20.1M | $55.7M | ||
| Q1 25 | $17.4M | $13.8M | ||
| Q4 24 | $17.1M | $12.8M | ||
| Q3 24 | $17.0M | $28.4M | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $12.8M | $49.0M |
毛利率SCSCWS
| Q4 25 | 13.4% | 10.7% | ||
| Q3 25 | 14.5% | 13.2% | ||
| Q2 25 | 12.9% | 15.2% | ||
| Q1 25 | 14.2% | 11.8% | ||
| Q4 24 | 13.6% | 10.8% | ||
| Q3 24 | 13.1% | 12.0% | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 12.6% | 14.9% |
营业利润率SCSCWS
| Q4 25 | 2.3% | 2.5% | ||
| Q3 25 | 3.5% | 5.5% | ||
| Q2 25 | 3.3% | 8.0% | ||
| Q1 25 | 3.2% | 2.7% | ||
| Q4 24 | 2.5% | 2.6% | ||
| Q3 24 | 2.3% | 5.2% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 2.3% | 8.2% |
净利率SCSCWS
| Q4 25 | 2.2% | 2.2% | ||
| Q3 25 | 2.7% | 4.2% | ||
| Q2 25 | 2.5% | 6.7% | ||
| Q1 25 | 2.5% | 2.0% | ||
| Q4 24 | 2.3% | 1.7% | ||
| Q3 24 | 2.2% | 3.4% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.7% | 6.1% |
每股收益（稀释后）SCSCWS
| Q4 25 | $0.75 | $0.37 | ||
| Q3 25 | $0.89 | $0.72 | ||
| Q2 25 | $0.87 | $1.11 | ||
| Q1 25 | $0.74 | $0.27 | ||
| Q4 24 | $0.70 | $0.25 | ||
| Q3 24 | $0.69 | $0.56 | ||
| Q2 24 | $0.66 | — | ||
| Q1 24 | $0.50 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $910.9M | $1.1B |
| 总资产 | $1.7B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资SCSCWS
| Q4 25 | $83.5M | $89.8M | ||
| Q3 25 | $124.9M | $78.3M | ||
| Q2 25 | $126.2M | $38.0M | ||
| Q1 25 | $146.3M | $63.3M | ||
| Q4 24 | $110.5M | $52.0M | ||
| Q3 24 | $145.0M | $36.0M | ||
| Q2 24 | $185.5M | — | ||
| Q1 24 | $159.1M | $60.8M |
总债务SCSCWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益SCSCWS
| Q4 25 | $910.9M | $1.1B | ||
| Q3 25 | $914.0M | $1.1B | ||
| Q2 25 | $906.4M | $1.1B | ||
| Q1 25 | $901.7M | $1.0B | ||
| Q4 24 | $900.7M | $1.0B | ||
| Q3 24 | $920.9M | $1.0B | ||
| Q2 24 | $924.3M | — | ||
| Q1 24 | $944.1M | $937.6M |
总资产SCSCWS
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | $1.8B |
负债/权益比SCSCWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $74.6M |
| 自由现金流率自由现金流/营收 | 3.8% | 8.6% |
| 资本支出强度资本支出/营收 | 0.3% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.87× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流SCSCWS
| Q4 25 | $30.8M | $99.3M | ||
| Q3 25 | $23.2M | $-6.3M | ||
| Q2 25 | — | $53.9M | ||
| Q1 25 | $66.1M | $53.8M | ||
| Q4 24 | $-6.2M | $68.0M | ||
| Q3 24 | $44.8M | $54.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | $160.2M | $44.7M |
自由现金流SCSCWS
| Q4 25 | $28.9M | $74.6M | ||
| Q3 25 | $20.8M | $-35.7M | ||
| Q2 25 | — | $8.4M | ||
| Q1 25 | $64.6M | $25.2M | ||
| Q4 24 | $-8.2M | $33.2M | ||
| Q3 24 | $42.5M | $33.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | $157.7M | $22.3M |
自由现金流率SCSCWS
| Q4 25 | 3.8% | 8.6% | ||
| Q3 25 | 2.8% | -4.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | 9.2% | 3.7% | ||
| Q4 24 | -1.1% | 4.5% | ||
| Q3 24 | 5.5% | 4.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | 21.0% | 2.8% |
资本支出强度SCSCWS
| Q4 25 | 0.3% | 2.8% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.3% | 5.5% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | 0.3% | 4.7% | ||
| Q3 24 | 0.3% | 2.6% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | 2.8% |
现金转化率SCSCWS
| Q4 25 | 1.87× | 5.28× | ||
| Q3 25 | 1.17× | -0.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 3.79× | 3.90× | ||
| Q4 24 | -0.36× | 5.31× | ||
| Q3 24 | 2.64× | 1.92× | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.51× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
