ScanSource, Inc. (SCSC) 10-Year Financial Performance & Capital Metrics

SCSC • • Industrial / General

TechnologyTech DistributorsSpecialized Technology DistributionCommunications & Cloud Technology Distributors

AboutScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies. This segment offers data capture and POS solutions to automate the collection, processing, and communication of information for commercial and industrial applications, including retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications. It also provides electronic physical security products, such as identification, access control, video surveillance, intrusion-related, and wireless and networking infrastructure products. The Modern Communications & Cloud segment offers a portfolio of solutions primarily for communications technologies and services comprising voice, video conferencing, wireless, data networking, cable, unified communications and collaboration, cloud, and technology services, as well as IP networks and other solutions for various vertical markets, such as education, healthcare, and government. The company serves manufacturing, warehouse and distribution, retail and e-commerce, hospitality, transportation and logistics, government, education and healthcare, and other industries. ScanSource, Inc. was incorporated in 1992 and is headquartered in Greenville, South Carolina.Show more

Revenue $3.04B -6.7%
EBITDA $115M -2.5%
Net Income $72M -7.2%
EPS (Diluted) 3.00 -2.0%
Gross Margin 13.44% +9.8%
EBITDA Margin 3.79% +4.5%
Operating Margin 2.8% +1.1%
Net Margin 2.35% -0.5%
ROE 7.82% -7.2%
ROIC 7.02% +9.1%
Debt/Equity 0.16 -2.6%
Interest Coverage 10.63 +53.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 5.5% through buybacks
✓Trading at only 1.1x book value
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Thin 5Y average net margin of 2.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.57%

5Y-0.05%

3Y-4.85%

TTM-4.88%

Profit (Net Income) CAGR

10Y0.9%

5Y-

3Y-6.95%

TTM-5.28%

EPS CAGR

10Y2.83%

5Y-

3Y-4.46%

TTM1.92%

ROCE

10Y Avg7.19%

5Y Avg8.97%

3Y Avg8.85%

Latest7.7%

Peer Comparison

Communications & Cloud Technology Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SCSCScanSource, Inc.	922.46M	42.04	14.01	-6.72%	2.48%	8.15%	11.28%	0.16

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	3.54B	3.57B	3.85B	3.87B	3.05B	3.15B	3.53B	3.79B	3.26B	3.04B
Revenue Growth %	0.1%	0.01%	0.08%	0.01%	-0.21%	0.03%	0.12%	0.07%	-0.14%	-0.07%
Cost of Goods Sold+	3.18B	3.18B	3.41B	3.42B	2.69B	2.8B	3.1B	3.34B	2.86B	2.63B
COGS % of Revenue	0.9%	0.89%	0.89%	0.88%	0.88%	0.89%	0.88%	0.88%	0.88%	0.87%
Gross Profit+	355.44M	383.6M	436.13M	452.57M	355.57M	350.72M	426.52M	449.24M	399.05M	408.65M
Gross Margin %	0.1%	0.11%	0.11%	0.12%	0.12%	0.11%	0.12%	0.12%	0.12%	0.13%
Gross Profit Growth %	0.09%	0.08%	0.14%	0.04%	-0.21%	-0.01%	0.22%	0.05%	-0.11%	0.02%
Operating Expenses+	257.27M	290.15M	331.44M	347.41M	420.54M	289.23M	304.36M	313.35M	308.73M	323.45M
OpEx % of Revenue	0.07%	0.08%	0.09%	0.09%	0.14%	0.09%	0.09%	0.08%	0.09%	0.11%
Selling, General & Admin	257.27M	265.18M	297.48M	314.52M	0	0	275.44M	0	277.43M	286.93M
SG&A % of Revenue	0.07%	0.07%	0.08%	0.08%	-	-	0.08%	-	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-2.19M	11.14M	-1.28M	32.89M	420.54M	289.23M	28.91M	313.35M	31.3M	36.51M
Operating Income+	96.88M	88.24M	67.64M	89.96M	-64.97M	61.48M	122.17M	135.89M	90.32M	85.2M
Operating Margin %	0.03%	0.02%	0.02%	0.02%	-0.02%	0.02%	0.03%	0.04%	0.03%	0.03%
Operating Income Growth %	-0.04%	-0.09%	-0.23%	0.33%	-1.72%	1.95%	0.99%	0.11%	-0.34%	-0.06%
EBITDA+	114.03M	113.21M	105.11M	123.62M	-29.64M	94.99M	152.08M	164.5M	118.33M	115.39M
EBITDA Margin %	0.03%	0.03%	0.03%	0.03%	-0.01%	0.03%	0.04%	0.04%	0.04%	0.04%
EBITDA Growth %	0.01%	-0.01%	-0.07%	0.18%	-1.24%	4.2%	0.6%	0.08%	-0.28%	-0.02%
D&A (Non-Cash Add-back)	17.15M	24.97M	37.47M	33.65M	35.33M	33.51M	29.91M	28.61M	28.01M	30.2M
EBIT	98.47M	93.45M	70.07M	118.89M	63.35M	71.26M	125.15M	135.89M	112.87M	102.41M
Net Interest Income+	1.32M	2.11M	-5.41M	-11.34M	-6.4M	-3.83M	-2.19M	-12.37M	-3.65M	3.23M
Interest Income	3.45M	5.33M	3.71M	1.82M	5.83M	3.1M	4.33M	7.41M	9.38M	11.25M
Interest Expense	2.12M	3.21M	9.15M	13.16M	12.22M	6.93M	6.52M	19.79M	13.03M	8.01M
Other Income/Expense	-867K	13.26M	-8.08M	-11.1M	-6.81M	-3.95M	-3.54M	-14.04M	9.52M	9.2M
Pretax Income+	96.01M	101.5M	60.92M	77.91M	-71.78M	57.53M	118.62M	121.85M	99.84M	94.4M
Pretax Margin %	0.03%	0.03%	0.02%	0.02%	-0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
Income Tax+	32.39M	32.25M	27.77M	20.31M	7.45M	12.15M	29.93M	33.76M	22.78M	22.85M
Effective Tax Rate %	0.66%	0.68%	0.54%	0.74%	2.68%	0.19%	0.75%	0.74%	0.77%	0.76%
Net Income+	63.62M	69.25M	33.15M	57.6M	-192.65M	10.79M	88.8M	89.81M	77.06M	71.55M
Net Margin %	0.02%	0.02%	0.01%	0.01%	-0.06%	0%	0.03%	0.02%	0.02%	0.02%
Net Income Growth %	-0.03%	0.09%	-0.52%	0.74%	-4.34%	1.06%	7.23%	0.01%	-0.14%	-0.07%
Net Income (Continuing)	63.62M	69.25M	35.46M	64.86M	-79.23M	45.39M	88.7M	88.09M	77.06M	71.55M
Discontinued Operations	0	0	0	0	-113.43M	-34.59M	100K	1.72M	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.38	2.71	1.29	2.24	-3.12	1.78	3.44	3.47	3.06	3.00
EPS Growth %	0.05%	0.14%	-0.52%	0.74%	-2.39%	1.57%	0.93%	0.01%	-0.12%	-0.02%
EPS (Basic)	2.40	2.74	1.30	2.25	-3.12	1.79	3.48	3.50	3.10	3.05
Diluted Shares Outstanding	26.69M	25.52M	25.62M	25.73M	25.38M	25.52M	25.76M	25.36M	25.22M	23.84M
Basic Shares Outstanding	26.47M	25.32M	25.52M	25.64M	25.38M	25.42M	25.5M	25.14M	24.87M	23.44M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	1.23B	1.28B	1.36B	1.48B	1.2B	1.22B	1.52B	1.66B	1.4B	1.37B
Cash & Short-Term Investments	61.4M	56.09M	25.53M	23.82M	29.48M	62.72M	37.99M	36.18M	185.46M	126.16M
Cash Only	61.4M	56.09M	25.53M	23.82M	29.48M	62.72M	37.99M	36.18M	185.46M	126.16M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	559.56M	637.29M	678.94M	583.85M	504.71M	651.57M	804.72M	833.27M	581.52M	734.98M
Days Sales Outstanding	57.69	65.19	64.43	55.02	60.44	75.48	83.21	80.3	65.11	88.22
Inventory	558.58M	531.31M	595.95M	697.34M	454.88M	470.08M	614.81M	757.57M	512.63M	483.81M
Days Inventory Outstanding	64.02	60.9	63.79	74.41	61.67	61.28	72.31	82.83	65.41	67.09
Other Current Assets	49.37M	0	61.74M	369.53M	197.73M	11.63M	15.27M	15.5M	113.31M	12.02M
Total Non-Current Assets+	262.28M	437.28M	583.13M	589.95M	488.63M	452.04M	413.62M	411.09M	374.33M	415.15M
Property, Plant & Equipment	52.39M	56.57M	73.04M	63.36M	79.22M	62.08M	53.69M	49.92M	42.56M	31.17M
Fixed Asset Turnover	67.58x	63.08x	52.66x	61.13x	38.47x	50.75x	65.74x	75.88x	76.60x	97.56x
Goodwill	92.72M	200.88M	298.17M	319.54M	214.29M	218.88M	214.44M	216.71M	206.3M	230.82M
Intangible Assets	51.13M	101.51M	136.81M	127.94M	121.55M	104.86M	84.43M	68.5M	37.63M	62.91M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	37.24M	48.83M	52.91M	54.38M	48.94M	44.37M	45.4M	58.21M	67.94M	71.49M
Total Assets+	1.49B	1.72B	1.95B	2.07B	1.69B	1.67B	1.94B	2.07B	1.78B	1.79B
Asset Turnover	2.37x	2.08x	1.98x	1.87x	1.80x	1.88x	1.82x	1.83x	1.83x	1.70x
Asset Growth %	0.01%	0.15%	0.13%	0.06%	-0.18%	-0.01%	0.16%	0.07%	-0.14%	0%
Total Current Liabilities+	585.11M	656.27M	710.31M	700.89M	719.01M	732.94M	814.26M	786.8M	669.35M	682.96M
Accounts Payable	471.49M	513.15M	562.56M	488.29M	454.24M	634.8M	714.18M	691.12M	587.98M	598.6M
Days Payables Outstanding	54.04	58.81	60.21	52.1	61.59	82.75	84	75.56	75.02	83.01
Short-Term Debt	0	0	551K	8.68M	7.84M	7.84M	11.6M	6.92M	7.86M	7.86M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	60.82M	66.72M	78.19M	120.65M	187.97M	27.34M	25.18M	24.4M	36.08M	24.4M
Current Ratio	2.10x	1.95x	1.92x	2.11x	1.67x	1.66x	1.87x	2.11x	2.10x	2.01x
Quick Ratio	1.15x	1.14x	1.08x	1.11x	1.04x	1.02x	1.12x	1.14x	1.33x	1.30x
Cash Conversion Cycle	67.67	67.27	68	77.33	60.53	54.01	71.52	87.56	55.5	72.31
Total Non-Current Liabilities+	131.58M	224.88M	368.61M	452.25M	294.84M	207.55M	316.64M	376.07M	185.43M	196.23M
Long-Term Debt	76.86M	97.3M	248.88M	323.4M	210.89M	135.33M	259.57M	322.99M	136.2M	128.29M
Capital Lease Obligations	0	0	0	0	20.76M	16.55M	13.09M	9.33M	6.51M	6.97M
Deferred Tax Liabilities	2.56M	2.01M	1.77M	1.4M	3.88M	3.95M	3.14M	3.82M	0	0
Other Non-Current Liabilities	52.17M	125.58M	117.96M	127.45M	55.28M	48.76M	36.13M	39.94M	42.72M	58.21M
Total Liabilities	716.69M	881.16M	1.08B	1.15B	1.01B	940.49M	1.13B	1.16B	854.78M	879.2M
Total Debt+	76.86M	97.3M	249.43M	360.51M	243.96M	164.01M	288.75M	343.58M	153.96M	147.11M
Net Debt	15.46M	41.21M	223.9M	336.69M	214.48M	101.29M	250.77M	307.41M	-31.5M	20.95M
Debt / Equity	0.10x	0.12x	0.29x	0.39x	0.36x	0.22x	0.36x	0.38x	0.17x	0.16x
Debt / EBITDA	0.67x	0.86x	2.37x	2.92x	-	1.73x	1.90x	2.09x	1.30x	1.27x
Net Debt / EBITDA	0.14x	0.36x	2.13x	2.72x	-	1.07x	1.65x	1.87x	-0.27x	0.18x
Interest Coverage	45.61x	27.45x	7.39x	6.84x	-5.31x	8.87x	18.73x	6.87x	6.93x	10.63x
Total Equity+	774.5M	837.14M	866.38M	914.13M	678.25M	731.19M	806.53M	905.3M	924.25M	906.41M
Equity Growth %	-0.04%	0.08%	0.03%	0.06%	-0.26%	0.08%	0.1%	0.12%	0.02%	-0.02%
Book Value per Share	29.02	32.81	33.81	35.52	26.73	28.65	31.31	35.70	36.64	38.02
Total Shareholders' Equity	774.5M	837.14M	866.38M	914.13M	678.25M	731.19M	806.53M	905.3M	924.25M	906.41M
Common Stock	67.25M	61.17M	68.22M	64.29M	63.77M	71.25M	64.3M	58.24M	26.37M	0
Retained Earnings	779.93M	849.18M	882.33M	939.93M	747.28M	758.07M	846.87M	936.68M	1.01B	1.02B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-72.69M	-73.2M	-84.18M	-90.09M	-132.79M	-98.13M	-104.64M	-89.62M	-115.85M	-114.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	52.21M	94.88M	27.87M	-27.13M	226.27M	140.94M	-124.35M	-35.77M	371.65M	112.35M
Operating CF Margin %	0.01%	0.03%	0.01%	-0.01%	0.07%	0.04%	-0.04%	-0.01%	0.11%	0.04%
Operating CF Growth %	-0.31%	0.82%	-0.71%	-1.97%	9.34%	-0.38%	-1.88%	0.71%	11.39%	-0.7%
Net Income	63.62M	69.25M	33.15M	57.6M	-79.23M	45.39M	88.7M	88.09M	77.06M	71.55M
Depreciation & Amortization	17.15M	24.97M	37.49M	36.62M	35.33M	33.51M	29.88M	28.61M	28.01M	30.2M
Stock-Based Compensation	7.09M	6.6M	6.46M	6.12M	5.48M	8.04M	11.66M	11.22M	9.54M	11.06M
Deferred Taxes	1.85M	-1.86M	-22.29M	-2.9M	-12.19M	2.92M	5.74M	-1.5M	-2.47M	1.13M
Other Non-Cash Items	9.06M	14.31M	44.44M	7.64M	170.72M	20.11M	1.97M	3.41M	-5.35M	10.72M
Working Capital Changes	-46.56M	-18.39M	-71.39M	-132.21M	106.16M	30.98M	-262.3M	-165.6M	264.86M	-12.31M
Change in Receivables	14.17M	-66.13M	-46.77M	-12.6M	57.48M	-118.86M	-165.94M	-17.37M	138.26M	-55.01M
Change in Inventory	3M	28.45M	-59.5M	-104.59M	86.18M	-12.3M	-145.96M	-138.31M	239.16M	28.87M
Change in Payables	-71.71M	19.86M	44.46M	-2.73M	-20.85M	175.12M	82.97M	-30.66M	-78.17M	3.67M
Cash from Investing+	-73.56M	-96.24M	-151.93M	-39.38M	-55.38M	31.93M	-3.72M	-8.26M	9.04M	-62.39M
Capital Expenditures	-12.08M	-12.43M	-8.16M	-7.21M	-6.39M	-2.36M	-6.85M	-9.98M	-8.55M	-8.29M
CapEx % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-3.58M	-1.16M	-1.42M	-77K	-58K	0	0	0	0
Cash from Financing+	-36.3M	-3.51M	97.51M	64.23M	-156.61M	-148.32M	108.11M	39.53M	-227.77M	-110.91M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.96M	-1.06M	-56.3M	-3.68M	-38.65M	-70.44M	2.3M	-497K	1.94M	4.62M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	40.13M	82.44M	19.71M	-34.34M	219.88M	138.58M	-131.2M	-45.75M	363.09M	104.06M
FCF Margin %	0.01%	0.02%	0.01%	-0.01%	0.07%	0.04%	-0.04%	-0.01%	0.11%	0.03%
FCF Growth %	-0.27%	1.05%	-0.76%	-2.74%	7.4%	-0.37%	-1.95%	0.65%	8.94%	-0.71%
FCF per Share	1.50	3.23	0.77	-1.33	8.66	5.43	-5.09	-1.80	14.40	4.37
FCF Conversion (FCF/Net Income)	0.82x	1.37x	0.84x	-0.47x	-1.17x	13.06x	-1.40x	-0.40x	4.82x	1.57x
Interest Paid	1.71M	2.83M	8.61M	13.16M	11.96M	6.41M	6.07M	18.79M	12.95M	7.57M
Taxes Paid	33.86M	31.13M	36.02M	30.61M	16.87M	12M	29.42M	28.55M	27.13M	27.83M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	8.04%	8.59%	3.89%	6.47%	-24.2%	1.53%	11.55%	10.49%	8.42%	7.82%
Return on Invested Capital (ROIC)	9.78%	7.93%	5.15%	5.76%	-4.55%	5.35%	9.7%	8.98%	6.44%	7.02%
Gross Margin	10.04%	10.75%	11.34%	11.68%	11.67%	11.13%	12.08%	11.86%	12.24%	13.44%
Net Margin	1.8%	1.94%	0.86%	1.49%	-6.32%	0.34%	2.52%	2.37%	2.36%	2.35%
Debt / Equity	0.10x	0.12x	0.29x	0.39x	0.36x	0.22x	0.36x	0.38x	0.17x	0.16x
Interest Coverage	45.61x	27.45x	7.39x	6.84x	-5.31x	8.87x	18.73x	6.87x	6.93x	10.63x
FCF Conversion	0.82x	1.37x	0.84x	-0.47x	-1.17x	13.06x	-1.40x	-0.40x	4.82x	1.57x
Revenue Growth	9.99%	0.79%	7.79%	0.7%	-21.31%	3.38%	12.03%	7.3%	-13.94%	-6.72%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Products and Services	-	-	-	-	-	-	-	-	-	2.9B
Products and Services Growth	-	-	-	-	-	-	-	-	-	-
Recurring Revenue	-	-	-	-	-	-	-	-	-	145.7M
Recurring Revenue Growth	-	-	-	-	-	-	-	-	-	-
Technology Solutions	-	-	-	-	-	-	-	3.71B	3.18B	-
Technology Solutions Growth	-	-	-	-	-	-	-	-	-14.38%	-
Specialty Technology Solutions	-	-	-	-	-	-	2.08B	-	-	-
Specialty Technology Solutions Growth	-	-	-	-	-	-	-	-	-	-
Modern Communications & Cloud	-	-	-	-	-	-	1.45B	-	-	-
Modern Communications & Cloud Growth	-	-	-	-	-	-	-	-	-	-
Barcode, Networking and Security Products	-	2.39B	-	-	2.09B	2.18B	-	-	-	-
Barcode, Networking and Security Products Growth	-	-	-	-	-	3.91%	-	-	-	-
Communications and Services Products	1.16B	1.18B	-	1.23B	954.52M	975.66M	-	-	-	-
Communications and Services Products Growth	-	1.73%	-	-	-22.27%	2.22%	-	-	-	-
Shipping and Handling	-	-	19.9M	-	-	-	-	-	-	-
Shipping and Handling Growth	-	-	-	-	-	-	-	-	-	-
Barcode and Security Products	2.38B	-	-	-	-	-	-	-	-	-
Barcode and Security Products Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	2.66B	2.72B	2.88B	2.95B	2.79B	2.85B	3.18B	3.44B	2.93B	2.81B
UNITED STATES Growth	-	2.40%	5.80%	2.41%	-5.40%	2.39%	11.37%	8.33%	-14.95%	-4.07%
BRAZIL	-	-	-	-	-	-	-	-	-	240.07M
BRAZIL Growth	-	-	-	-	-	-	-	-	-	-
Non-US	-	882.45M	999.25M	955.32M	292.6M	310.07M	356.24M	355.65M	338.64M	-
Non-US Growth	-	-	13.24%	-4.40%	-69.37%	5.97%	14.89%	-0.17%	-4.78%	-

Frequently Asked Questions

Valuation & Price

ScanSource, Inc. (SCSC) has a price-to-earnings (P/E) ratio of 14.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

ScanSource, Inc. (SCSC) reported $3.00B in revenue for fiscal year 2025. This represents a 0% decrease from $3.02B in 2012.

ScanSource, Inc. (SCSC) saw revenue decline by 6.7% over the past year.

Yes, ScanSource, Inc. (SCSC) is profitable, generating $74.5M in net income for fiscal year 2025 (2.4% net margin).

Dividend & Returns

ScanSource, Inc. (SCSC) has a return on equity (ROE) of 7.8%. This is below average, suggesting room for improvement.

ScanSource, Inc. (SCSC) generated $82.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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