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SCANSOURCE, INC.（SCSC）与Zscaler, Inc.（ZS）财务数据对比。点击上方公司名可切换其他公司
Zscaler, Inc.的季度营收约是SCANSOURCE, INC.的1.0倍（$788.1M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -1.5%，领先3.6%），Zscaler, Inc.同比增速更快（25.5% vs 2.5%），Zscaler, Inc.自由现金流更多（$431.0M vs $28.9M），过去两年Zscaler, Inc.的营收复合增速更高（22.5% 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。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
SCSC vs ZS — 直观对比
营收规模更大
ZS
是对方的1.0倍
$766.5M
营收增速更快
ZS
高出23.0%
2.5%
净利率更高
SCSC
高出3.6%
-1.5%
自由现金流更多
ZS
多$402.1M
$28.9M
两年增速更快
ZS
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $766.5M | $788.1M |
| 净利润 | $16.5M | $-11.6M |
| 毛利率 | 13.4% | 76.6% |
| 营业利润率 | 2.3% | -4.6% |
| 净利率 | 2.2% | -1.5% |
| 营收同比 | 2.5% | 25.5% |
| 净利润同比 | -3.3% | 3.6% |
| 每股收益（稀释后） | $0.75 | $-0.07 |
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SCSCZS
| Q4 25 | $766.5M | $788.1M | ||
| Q3 25 | $739.6M | $719.2M | ||
| Q2 25 | $812.9M | $678.0M | ||
| Q1 25 | $704.8M | $647.9M | ||
| Q4 24 | $747.5M | $628.0M | ||
| Q3 24 | $775.6M | $592.9M | ||
| Q2 24 | $746.1M | $553.2M | ||
| Q1 24 | $752.6M | $525.0M |
净利润SCSCZS
| Q4 25 | $16.5M | $-11.6M | ||
| Q3 25 | $19.9M | $-17.6M | ||
| Q2 25 | $20.1M | $-4.1M | ||
| Q1 25 | $17.4M | $-7.7M | ||
| Q4 24 | $17.1M | $-12.1M | ||
| Q3 24 | $17.0M | $-14.9M | ||
| Q2 24 | $16.1M | $19.1M | ||
| Q1 24 | $12.8M | $-28.5M |
毛利率SCSCZS
| Q4 25 | 13.4% | 76.6% | ||
| Q3 25 | 14.5% | 76.1% | ||
| Q2 25 | 12.9% | 77.0% | ||
| Q1 25 | 14.2% | 77.1% | ||
| Q4 24 | 13.6% | 77.5% | ||
| Q3 24 | 13.1% | 78.0% | ||
| Q2 24 | 13.0% | 78.6% | ||
| Q1 24 | 12.6% | 77.7% |
营业利润率SCSCZS
| Q4 25 | 2.3% | -4.6% | ||
| Q3 25 | 3.5% | -4.5% | ||
| Q2 25 | 3.3% | -3.7% | ||
| Q1 25 | 3.2% | -6.2% | ||
| Q4 24 | 2.5% | -4.9% | ||
| Q3 24 | 2.3% | -4.5% | ||
| Q2 24 | 2.9% | -0.5% | ||
| Q1 24 | 2.3% | -8.7% |
净利率SCSCZS
| Q4 25 | 2.2% | -1.5% | ||
| Q3 25 | 2.7% | -2.4% | ||
| Q2 25 | 2.5% | -0.6% | ||
| Q1 25 | 2.5% | -1.2% | ||
| Q4 24 | 2.3% | -1.9% | ||
| Q3 24 | 2.2% | -2.5% | ||
| Q2 24 | 2.2% | 3.5% | ||
| Q1 24 | 1.7% | -5.4% |
每股收益（稀释后）SCSCZS
| Q4 25 | $0.75 | $-0.07 | ||
| Q3 25 | $0.89 | $-0.11 | ||
| Q2 25 | $0.87 | $-0.03 | ||
| Q1 25 | $0.74 | $-0.05 | ||
| Q4 24 | $0.70 | $-0.08 | ||
| Q3 24 | $0.69 | $-0.09 | ||
| Q2 24 | $0.66 | $0.12 | ||
| Q1 24 | $0.50 | $-0.19 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.9M | $2.0B |
| 总资产 | $1.7B | $6.5B |
| 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SCSCZS
| Q4 25 | $83.5M | $1.3B | ||
| Q3 25 | $124.9M | $2.4B | ||
| Q2 25 | $126.2M | $2.0B | ||
| Q1 25 | $146.3M | $1.8B | ||
| Q4 24 | $110.5M | $1.6B | ||
| Q3 24 | $145.0M | $1.4B | ||
| Q2 24 | $185.5M | $1.3B | ||
| Q1 24 | $159.1M | $1.4B |
总债务SCSCZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益SCSCZS
| Q4 25 | $910.9M | $2.0B | ||
| Q3 25 | $914.0M | $1.8B | ||
| Q2 25 | $906.4M | $1.8B | ||
| Q1 25 | $901.7M | $1.6B | ||
| Q4 24 | $900.7M | $1.4B | ||
| Q3 24 | $920.9M | $1.3B | ||
| Q2 24 | $924.3M | $1.1B | ||
| Q1 24 | $944.1M | $958.9M |
总资产SCSCZS
| Q4 25 | $1.7B | $6.5B | ||
| Q3 25 | $1.7B | $6.4B | ||
| Q2 25 | $1.8B | $5.3B | ||
| Q1 25 | $1.7B | $5.0B | ||
| Q4 24 | $1.7B | $4.7B | ||
| Q3 24 | $1.8B | $4.7B | ||
| Q2 24 | $1.8B | $4.2B | ||
| Q1 24 | $1.8B | $3.9B |
负债/权益比SCSCZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
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 | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $28.9M | $431.0M |
| 自由现金流率自由现金流/营收 | 3.8% | 54.7% |
| 资本支出强度资本支出/营收 | 0.3% | 2.2% |
| 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 | — | $924.9M |
8季度趋势，按日历期对齐
经营现金流SCSCZS
| Q4 25 | $30.8M | $448.3M | ||
| Q3 25 | $23.2M | $250.6M | ||
| Q2 25 | — | $211.1M | ||
| Q1 25 | $66.1M | $179.4M | ||
| Q4 24 | $-6.2M | $331.3M | ||
| Q3 24 | $44.8M | $203.6M | ||
| Q2 24 | — | $173.4M | ||
| Q1 24 | $160.2M | $142.1M |
自由现金流SCSCZS
| Q4 25 | $28.9M | $431.0M | ||
| Q3 25 | $20.8M | $190.6M | ||
| Q2 25 | — | $138.9M | ||
| Q1 25 | $64.6M | $164.4M | ||
| Q4 24 | $-8.2M | $314.3M | ||
| Q3 24 | $42.5M | $154.2M | ||
| Q2 24 | — | $137.8M | ||
| Q1 24 | $157.7M | $111.2M |
自由现金流率SCSCZS
| Q4 25 | 3.8% | 54.7% | ||
| Q3 25 | 2.8% | 26.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | 9.2% | 25.4% | ||
| Q4 24 | -1.1% | 50.1% | ||
| Q3 24 | 5.5% | 26.0% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | 21.0% | 21.2% |
资本支出强度SCSCZS
| Q4 25 | 0.3% | 2.2% | ||
| Q3 25 | 0.3% | 8.3% | ||
| Q2 25 | 0.3% | 10.6% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | 0.3% | 2.7% | ||
| Q3 24 | 0.3% | 8.3% | ||
| Q2 24 | 0.2% | 6.4% | ||
| Q1 24 | 0.3% | 5.9% |
现金转化率SCSCZS
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.79× | — | ||
| Q4 24 | -0.36× | — | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | — | 9.07× | ||
| 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% |
ZS
暂无分部数据
