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SCANSOURCE, INC.（SCSC）与Zeta Global Holdings Corp.（ZETA）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Zeta Global Holdings Corp.的1.9倍（$766.5M vs $394.6M），SCANSOURCE, INC.净利率更高（2.2% vs 1.7%，领先0.5%），Zeta Global Holdings Corp.同比增速更快（25.4% vs 2.5%），Zeta Global Holdings Corp.自由现金流更多（$60.9M vs $28.9M），过去两年Zeta Global Holdings Corp.的营收复合增速更高（42.3% 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。
Zeta Global Holdings Corp是一家2007年成立的美国营销科技企业，为各公司提供多渠道营销工具矩阵，核心业务围绕客户关系的构建、维护与价值变现展开。该公司于2021年6月10日在纽约证券交易所上市，上市时估值达17亿美元。
SCSC vs ZETA — 直观对比
营收规模更大
SCSC
是对方的1.9倍
$394.6M
营收增速更快
ZETA
高出22.9%
2.5%
净利率更高
SCSC
高出0.5%
1.7%
自由现金流更多
ZETA
多$32.0M
$28.9M
两年增速更快
ZETA
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $394.6M |
| 净利润 | $16.5M | $6.5M |
| 毛利率 | 13.4% | 59.5% |
| 营业利润率 | 2.3% | 4.5% |
| 净利率 | 2.2% | 1.7% |
| 营收同比 | 2.5% | 25.4% |
| 净利润同比 | -3.3% | -57.1% |
| 每股收益（稀释后） | $0.75 | $0.04 |
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SCSCZETA
| Q4 25 | $766.5M | $394.6M | ||
| Q3 25 | $739.6M | $337.2M | ||
| Q2 25 | $812.9M | $308.4M | ||
| Q1 25 | $704.8M | $264.4M | ||
| Q4 24 | $747.5M | $314.7M | ||
| Q3 24 | $775.6M | $268.3M | ||
| Q2 24 | $746.1M | $227.8M | ||
| Q1 24 | $752.6M | $194.9M |
净利润SCSCZETA
| Q4 25 | $16.5M | $6.5M | ||
| Q3 25 | $19.9M | $-3.6M | ||
| Q2 25 | $20.1M | $-12.8M | ||
| Q1 25 | $17.4M | $-21.6M | ||
| Q4 24 | $17.1M | $15.2M | ||
| Q3 24 | $17.0M | $-17.4M | ||
| Q2 24 | $16.1M | $-28.1M | ||
| Q1 24 | $12.8M | $-39.6M |
毛利率SCSCZETA
| Q4 25 | 13.4% | 59.5% | ||
| Q3 25 | 14.5% | 60.5% | ||
| Q2 25 | 12.9% | 62.1% | ||
| Q1 25 | 14.2% | 60.9% | ||
| Q4 24 | 13.6% | 60.0% | ||
| Q3 24 | 13.1% | 60.6% | ||
| Q2 24 | 13.0% | 60.0% | ||
| Q1 24 | 12.6% | 60.6% |
营业利润率SCSCZETA
| Q4 25 | 2.3% | 4.5% | ||
| Q3 25 | 3.5% | 2.6% | ||
| Q2 25 | 3.3% | -1.7% | ||
| Q1 25 | 3.2% | -6.1% | ||
| Q4 24 | 2.5% | 2.2% | ||
| Q3 24 | 2.3% | -4.6% | ||
| Q2 24 | 2.9% | -11.7% | ||
| Q1 24 | 2.3% | -18.4% |
净利率SCSCZETA
| Q4 25 | 2.2% | 1.7% | ||
| Q3 25 | 2.7% | -1.1% | ||
| Q2 25 | 2.5% | -4.2% | ||
| Q1 25 | 2.5% | -8.2% | ||
| Q4 24 | 2.3% | 4.8% | ||
| Q3 24 | 2.2% | -6.5% | ||
| Q2 24 | 2.2% | -12.3% | ||
| Q1 24 | 1.7% | -20.3% |
每股收益（稀释后）SCSCZETA
| Q4 25 | $0.75 | $0.04 | ||
| Q3 25 | $0.89 | $-0.02 | ||
| Q2 25 | $0.87 | $-0.06 | ||
| Q1 25 | $0.74 | $-0.10 | ||
| Q4 24 | $0.70 | $0.10 | ||
| Q3 24 | $0.69 | $-0.09 | ||
| Q2 24 | $0.66 | $-0.16 | ||
| Q1 24 | $0.50 | $-0.23 |
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 | $319.8M |
| 总债务越低越好 | — | $197.1M |
| 股东权益账面价值 | $910.9M | $804.6M |
| 总资产 | $1.7B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资SCSCZETA
| Q4 25 | $83.5M | $319.8M | ||
| Q3 25 | $124.9M | $385.2M | ||
| Q2 25 | $126.2M | $365.3M | ||
| Q1 25 | $146.3M | $364.4M | ||
| Q4 24 | $110.5M | $366.2M | ||
| Q3 24 | $145.0M | $418.5M | ||
| Q2 24 | $185.5M | $154.7M | ||
| Q1 24 | $159.1M | $141.6M |
总债务SCSCZETA
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
股东权益SCSCZETA
| Q4 25 | $910.9M | $804.6M | ||
| Q3 25 | $914.0M | $689.2M | ||
| Q2 25 | $906.4M | $673.3M | ||
| Q1 25 | $901.7M | $676.6M | ||
| Q4 24 | $900.7M | $676.8M | ||
| Q3 24 | $920.9M | $474.9M | ||
| Q2 24 | $924.3M | $217.0M | ||
| Q1 24 | $944.1M | $191.6M |
总资产SCSCZETA
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.8B | $869.1M | ||
| Q2 24 | $1.8B | $583.9M | ||
| Q1 24 | $1.8B | $550.3M |
负债/权益比SCSCZETA
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $64.1M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $60.9M |
| 自由现金流率自由现金流/营收 | 3.8% | 15.4% |
| 资本支出强度资本支出/营收 | 0.3% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.87× | 9.81× |
| 过去12个月自由现金流最近4个季度 | — | $185.1M |
8季度趋势，按日历期对齐
经营现金流SCSCZETA
| Q4 25 | $30.8M | $64.1M | ||
| Q3 25 | $23.2M | $57.9M | ||
| Q2 25 | — | $42.0M | ||
| Q1 25 | $66.1M | $34.8M | ||
| Q4 24 | $-6.2M | $43.7M | ||
| Q3 24 | $44.8M | $34.4M | ||
| Q2 24 | — | $31.1M | ||
| Q1 24 | $160.2M | $24.7M |
自由现金流SCSCZETA
| Q4 25 | $28.9M | $60.9M | ||
| Q3 25 | $20.8M | $52.4M | ||
| Q2 25 | — | $39.7M | ||
| Q1 25 | $64.6M | $32.1M | ||
| Q4 24 | $-8.2M | $35.4M | ||
| Q3 24 | $42.5M | $29.5M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | $157.7M | $18.9M |
自由现金流率SCSCZETA
| Q4 25 | 3.8% | 15.4% | ||
| Q3 25 | 2.8% | 15.6% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | 9.2% | 12.1% | ||
| Q4 24 | -1.1% | 11.3% | ||
| Q3 24 | 5.5% | 11.0% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | 21.0% | 9.7% |
资本支出强度SCSCZETA
| Q4 25 | 0.3% | 0.8% | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.3% | 0.8% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | 0.3% | 2.6% | ||
| Q3 24 | 0.3% | 1.8% | ||
| Q2 24 | 0.2% | 3.0% | ||
| Q1 24 | 0.3% | 3.0% |
现金转化率SCSCZETA
| Q4 25 | 1.87× | 9.81× | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.79× | — | ||
| Q4 24 | -0.36× | 2.87× | ||
| 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% |
ZETA
暂无分部数据
