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SCANSOURCE, INC.（SCSC）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是沃茨水工业的1.2倍（$766.5M vs $625.1M），沃茨水工业净利率更高（13.4% vs 2.2%，领先11.2%），沃茨水工业同比增速更快（15.7% vs 2.5%），沃茨水工业自由现金流更多（$140.3M vs $28.9M），过去两年沃茨水工业的营收复合增速更高（4.6% 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。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
SCSC vs WTS — 直观对比
营收规模更大
SCSC
是对方的1.2倍
$625.1M
营收增速更快
WTS
高出13.1%
2.5%
净利率更高
WTS
高出11.2%
2.2%
自由现金流更多
WTS
多$111.4M
$28.9M
两年增速更快
WTS
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $625.1M |
| 净利润 | $16.5M | $83.7M |
| 毛利率 | 13.4% | 49.5% |
| 营业利润率 | 2.3% | 18.2% |
| 净利率 | 2.2% | 13.4% |
| 营收同比 | 2.5% | 15.7% |
| 净利润同比 | -3.3% | 24.0% |
| 每股收益（稀释后） | $0.75 | $2.50 |
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SCSCWTS
| Q4 25 | $766.5M | $625.1M | ||
| Q3 25 | $739.6M | $611.7M | ||
| Q2 25 | $812.9M | $643.7M | ||
| Q1 25 | $704.8M | $558.0M | ||
| Q4 24 | $747.5M | $540.4M | ||
| Q3 24 | $775.6M | $543.6M | ||
| Q2 24 | $746.1M | $597.3M | ||
| Q1 24 | $752.6M | $570.9M |
净利润SCSCWTS
| Q4 25 | $16.5M | $83.7M | ||
| Q3 25 | $19.9M | $82.2M | ||
| Q2 25 | $20.1M | $100.9M | ||
| Q1 25 | $17.4M | $74.0M | ||
| Q4 24 | $17.1M | $67.5M | ||
| Q3 24 | $17.0M | $69.1M | ||
| Q2 24 | $16.1M | $82.0M | ||
| Q1 24 | $12.8M | $72.6M |
毛利率SCSCWTS
| Q4 25 | 13.4% | 49.5% | ||
| Q3 25 | 14.5% | 48.8% | ||
| Q2 25 | 12.9% | 50.6% | ||
| Q1 25 | 14.2% | 48.8% | ||
| Q4 24 | 13.6% | 46.7% | ||
| Q3 24 | 13.1% | 47.3% | ||
| Q2 24 | 13.0% | 47.7% | ||
| Q1 24 | 12.6% | 46.9% |
营业利润率SCSCWTS
| Q4 25 | 2.3% | 18.2% | ||
| Q3 25 | 3.5% | 18.2% | ||
| Q2 25 | 3.3% | 21.0% | ||
| Q1 25 | 3.2% | 15.7% | ||
| Q4 24 | 2.5% | 16.5% | ||
| Q3 24 | 2.3% | 17.1% | ||
| Q2 24 | 2.9% | 18.7% | ||
| Q1 24 | 2.3% | 16.9% |
净利率SCSCWTS
| Q4 25 | 2.2% | 13.4% | ||
| Q3 25 | 2.7% | 13.4% | ||
| Q2 25 | 2.5% | 15.7% | ||
| Q1 25 | 2.5% | 13.3% | ||
| Q4 24 | 2.3% | 12.5% | ||
| Q3 24 | 2.2% | 12.7% | ||
| Q2 24 | 2.2% | 13.7% | ||
| Q1 24 | 1.7% | 12.7% |
每股收益（稀释后）SCSCWTS
| Q4 25 | $0.75 | $2.50 | ||
| Q3 25 | $0.89 | $2.45 | ||
| Q2 25 | $0.87 | $3.01 | ||
| Q1 25 | $0.74 | $2.21 | ||
| Q4 24 | $0.70 | $2.02 | ||
| Q3 24 | $0.69 | $2.06 | ||
| Q2 24 | $0.66 | $2.44 | ||
| Q1 24 | $0.50 | $2.17 |
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 | $405.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $2.0B |
| 总资产 | $1.7B | $2.9B |
| 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SCSCWTS
| Q4 25 | $83.5M | $405.5M | ||
| Q3 25 | $124.9M | $457.7M | ||
| Q2 25 | $126.2M | $369.3M | ||
| Q1 25 | $146.3M | $336.8M | ||
| Q4 24 | $110.5M | $386.9M | ||
| Q3 24 | $145.0M | $303.9M | ||
| Q2 24 | $185.5M | $279.4M | ||
| Q1 24 | $159.1M | $237.1M |
股东权益SCSCWTS
| Q4 25 | $910.9M | $2.0B | ||
| Q3 25 | $914.0M | $2.0B | ||
| Q2 25 | $906.4M | $1.9B | ||
| Q1 25 | $901.7M | $1.8B | ||
| Q4 24 | $900.7M | $1.7B | ||
| Q3 24 | $920.9M | $1.7B | ||
| Q2 24 | $924.3M | $1.6B | ||
| Q1 24 | $944.1M | $1.6B |
总资产SCSCWTS
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $1.8B | $2.3B |
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 | $154.7M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $140.3M |
| 自由现金流率自由现金流/营收 | 3.8% | 22.4% |
| 资本支出强度资本支出/营收 | 0.3% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.87× | 1.85× |
| 过去12个月自由现金流最近4个季度 | — | $356.3M |
8季度趋势，按日历期对齐
经营现金流SCSCWTS
| Q4 25 | $30.8M | $154.7M | ||
| Q3 25 | $23.2M | $122.4M | ||
| Q2 25 | — | $69.7M | ||
| Q1 25 | $66.1M | $55.2M | ||
| Q4 24 | $-6.2M | $139.5M | ||
| Q3 24 | $44.8M | $90.7M | ||
| Q2 24 | — | $85.3M | ||
| Q1 24 | $160.2M | $45.6M |
自由现金流SCSCWTS
| Q4 25 | $28.9M | $140.3M | ||
| Q3 25 | $20.8M | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | $64.6M | $45.6M | ||
| Q4 24 | $-8.2M | $127.5M | ||
| Q3 24 | $42.5M | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | $157.7M | $35.5M |
自由现金流率SCSCWTS
| Q4 25 | 3.8% | 22.4% | ||
| Q3 25 | 2.8% | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | 9.2% | 8.2% | ||
| Q4 24 | -1.1% | 23.6% | ||
| Q3 24 | 5.5% | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | 21.0% | 6.2% |
资本支出强度SCSCWTS
| Q4 25 | 0.3% | 2.3% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.3% | 1.6% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | 0.2% | 1.1% | ||
| Q1 24 | 0.3% | 1.8% |
现金转化率SCSCWTS
| Q4 25 | 1.87× | 1.85× | ||
| Q3 25 | 1.17× | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | 3.79× | 0.75× | ||
| Q4 24 | -0.36× | 2.07× | ||
| Q3 24 | 2.64× | 1.31× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | 12.51× | 0.63× |
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% |
WTS
暂无分部数据
