Revenue growth remains inconsistent, fluctuating between a 21.2% decline in 2024Q4 and an 8.9% expansion in 2025Q4, while gross margins have stabilized around 13.3% as of 2026Q3.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Sales/Revenue | 3.09B | 3.04B | 3.26B | 3.79B | 3.53B | 3.15B | 3.05B | 3.87B | 3.85B | 3.57B | 3.54B | 3.22B | 2.91B | 2.88B | 3.02B | 2.67B | 2.11B | 1.85B | 2.18B | 1.99B | 1.67B | 1.47B | 1.19B | 991.19M | 841.89M | 630.74M | 497.42M | 297.7M | 182.8M | 93.9M | 55.7M |
| Revenue Growth % | 3.76% | -6.72% | -13.94% | 7.3% | 12.03% | 3.38% | -21.31% | 0.7% | 7.79% | 0.79% | 9.99% | 10.47% | 1.27% | -4.59% | 13.08% | 26.08% | 14.45% | -15.05% | 9.49% | 19.29% | 13.38% | 23.24% | 20.27% | 17.73% | 33.48% | 26.8% | 67.09% | 62.86% | 94.68% | 68.58% | 62.87% |
| Cost of Goods Sold | 2.67B | 2.63B | 2.86B | 3.34B | 3.1B | 2.8B | 2.69B | 3.42B | 3.41B | 3.18B | 3.18B | 2.89B | 2.61B | 2.58B | 2.71B | 2.39B | 1.9B | 1.64B | 1.95B | 1.78B | 1.5B | 1.32B | 1.06B | 879.31M | 750.31M | 556.92M | 441.19M | 262.8M | 158.6M | 81M | 47.7M |
| COGS % of Revenue | - | 86.56% | 87.76% | 88.14% | 87.92% | 88.87% | 88.33% | 88.31% | 88.66% | 89.25% | 89.96% | 89.84% | 89.67% | 89.82% | 89.98% | 89.71% | 89.65% | 88.7% | 89.54% | 89.4% | 89.89% | 89.81% | 88.95% | 88.71% | 89.12% | 88.3% | 88.69% | 88.28% | 86.76% | 86.26% | 85.64% |
| Gross Profit | 411.39M | 408.65M | 399.05M | 449.24M | 426.52M | 350.72M | 355.57M | 452.57M | 436.13M | 383.6M | 355.44M | 327.09M | 301.1M | 292.87M | 302.02M | 274.31M | 218.93M | 208.85M | 227.62M | 210.67M | 168.35M | 149.73M | 131.78M | 111.88M | 91.58M | 73.83M | 56.24M | 34.9M | 24.2M | 12.9M | 8M |
| Gross Margin % | 13.33% | 13.44% | 12.24% | 11.86% | 12.08% | 11.13% | 11.67% | 11.68% | 11.34% | 10.75% | 10.04% | 10.16% | 10.33% | 10.18% | 10.02% | 10.29% | 10.35% | 11.3% | 10.46% | 10.6% | 10.11% | 10.19% | 11.05% | 11.29% | 10.88% | 11.7% | 11.31% | 11.72% | 13.24% | 13.74% | 14.36% |
| Gross Profit Growth % | - | 2.4% | -11.17% | 5.33% | 21.62% | -1.36% | -21.43% | 3.77% | 13.69% | 7.92% | 8.67% | 8.63% | 2.81% | -3.03% | 10.1% | 25.3% | 4.83% | -8.25% | 8.04% | 25.14% | 12.44% | 13.62% | 17.78% | 22.17% | 24.05% | 31.28% | 61.13% | 44.21% | 87.6% | 61.25% | 66.67% |
| Operating Expenses | 316.06M | 323.45M | 308.73M | 313.35M | 304.36M | 289.23M | 420.54M | 347.41M | 331.44M | 290.15M | 257.27M | 222.98M | 192.49M | 191.22M | 188.39M | 161.2M | 143.15M | 134.73M | 133.65M | 135.34M | 104.76M | 90.98M | 82.52M | 71.36M | 59.77M | 45.03M | 33.36M | 22.6M | 16.5M | 8.4M | 5.3M |
| OpEx % of Revenue | - | 10.64% | 9.47% | 8.27% | 8.62% | 9.18% | 13.8% | 8.97% | 8.62% | 8.13% | 7.27% | 6.93% | 6.61% | 6.65% | 6.25% | 6.05% | 6.77% | 7.29% | 6.14% | 6.81% | 6.29% | 6.19% | 6.92% | 7.2% | 7.1% | 7.14% | 6.71% | 7.59% | 9.03% | 8.95% | 9.52% |
| Selling, General & Admin | 303.06M | 286.93M | 277.43M | 0 | 275.44M | 0 | 0 | 314.52M | 297.48M | 265.18M | 257.27M | 222.98M | 192.49M | 191.22M | 188.39M | 161.2M | 143.15M | 134.73M | 133.65M | 135.34M | 104.76M | 90.98M | 82.52M | 71.36M | 58.93M | 44.86M | 30.68M | 21.4M | 15.6M | 7.9M | 5M |
| SG&A % of Revenue | - | 9.44% | 8.51% | - | 7.8% | - | - | 8.12% | 7.73% | 7.43% | 7.27% | 6.93% | 6.61% | 6.65% | 6.25% | 6.05% | 6.77% | 7.29% | 6.14% | 6.81% | 6.29% | 6.19% | 6.92% | 7.2% | 7% | 7.11% | 6.17% | 7.19% | 8.53% | 8.41% | 8.98% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | 36.51M | 31.3M | 313.35M | 28.91M | 289.23M | 420.54M | 32.89M | -1.28M | 11.14M | -2.19M | 0 | -312K | 520K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 840K | 170K | 2.68M | 1.2M | 900K | 500K | 300K |
| Operating Income | 95.33M | 85.2M | 90.32M | 135.89M | 122.17M | 61.48M | -64.97M | 89.96M | 67.64M | 88.24M | 96.88M | 101.44M | 121.79M | 51.04M | 113.52M | 113.11M | 75.78M | 74.12M | 93.97M | 75.33M | 63.59M | 58.75M | 49.26M | 40.52M | 31.81M | 28.8M | 22.87M | 12.3M | 7.7M | 4.5M | 2.7M |
| Operating Margin % | 3.09% | 2.8% | 2.77% | 3.59% | 3.46% | 1.95% | -2.13% | 2.32% | 1.76% | 2.47% | 2.74% | 3.15% | 4.18% | 1.77% | 3.76% | 4.24% | 3.58% | 4.01% | 4.32% | 3.79% | 3.82% | 4% | 4.13% | 4.09% | 3.78% | 4.57% | 4.6% | 4.13% | 4.21% | 4.79% | 4.85% |
| Operating Income Growth % | - | -5.67% | -33.53% | 11.23% | 98.7% | 194.64% | -172.21% | 33.01% | -23.35% | -8.92% | -4.5% | -16.71% | 138.59% | -55.03% | 0.36% | 49.27% | 2.24% | -21.12% | 24.73% | 18.46% | 8.25% | 19.27% | 21.55% | 27.39% | 10.46% | 25.9% | 85.96% | 59.74% | 71.11% | 66.67% | 68.75% |
| EBITDA | 120.24M | 115.39M | 118.33M | 164.5M | 152.08M | 94.99M | -29.64M | 123.62M | 105.11M | 113.21M | 114.03M | 113.44M | 129.16M | 59.5M | 123.44M | 119.77M | 81.84M | 80.9M | 101.09M | 82.26M | 69.36M | 64.25M | 54.61M | 45.55M | 36.47M | 33.23M | 25.55M | 13.5M | 8.6M | 5M | 3M |
| EBITDA Margin % | 3.9% | 3.79% | 3.63% | 4.34% | 4.31% | 3.01% | -0.97% | 3.19% | 2.73% | 3.17% | 3.22% | 3.52% | 4.43% | 2.07% | 4.09% | 4.49% | 3.87% | 4.38% | 4.65% | 4.14% | 4.16% | 4.37% | 4.58% | 4.6% | 4.33% | 5.27% | 5.14% | 4.53% | 4.7% | 5.32% | 5.39% |
| EBITDA Growth % | 9.14% | -2.48% | -28.07% | 8.17% | 60.1% | 420.49% | -123.98% | 17.61% | -7.16% | -0.72% | 0.52% | -12.17% | 117.08% | -51.8% | 3.06% | 46.35% | 1.16% | -19.97% | 22.89% | 18.6% | 7.95% | 17.67% | 19.89% | 24.91% | 9.73% | 30.06% | 89.27% | 56.98% | 72% | 66.67% | 76.47% |
| D&A (Non-Cash Add-back) | 24.92M | 30.2M | 28.01M | 28.61M | 29.91M | 33.51M | 35.33M | 33.65M | 37.47M | 24.97M | 17.15M | 12M | 7.38M | 8.46M | 9.92M | 6.66M | 6.06M | 6.78M | 7.13M | 6.93M | 5.77M | 5.5M | 5.35M | 5.02M | 4.66M | 4.43M | 2.68M | 1.2M | 900K | 500K | 300K |
| EBIT | 103.43M | 102.41M | 112.87M | 135.89M | 125.15M | 71.26M | 63.35M | 118.89M | 70.07M | 93.45M | 98.47M | 104.11M | 108.61M | 53.8M | 112.85M | 113.61M | 77.21M | 77.83M | 95.69M | 75.33M | 63.31M | 58.75M | 49.26M | 40.52M | 31.81M | 28.8M | 22.87M | 12.3M | 7.7M | 4.8M | 2.8M |
| Net Interest Income | 4.79M | 3.23M | -3.65M | -12.37M | -2.19M | -3.83M | -6.4M | -11.34M | -5.41M | 2.11M | 1.32M | 841K | 1.63M | 1.46M | 1.25M | -511K | -85K | -771K | -3.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 12.05M | 11.25M | 9.38M | 7.41M | 4.33M | 3.1M | 5.83M | 1.82M | 3.71M | 5.33M | 3.45M | 2.64M | 2.36M | 2.24M | 2.89M | 1.21M | 1.39M | 1.41M | 1.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 7.26M | 8.01M | 13.03M | 19.79M | 6.52M | 6.93M | 12.22M | 13.16M | 9.15M | 3.21M | 2.12M | 1.8M | 731K | 775K | 1.64M | 1.72M | 1.47M | 2.18M | 5.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.64M | 9.2M | 9.52M | -14.04M | -3.54M | -3.95M | -6.81M | -11.1M | -8.08M | 13.26M | -867K | -1.53M | 1.32M | 1.98M | -2.31M | -1.22M | -35K | 1.54M | -3.75M | -6.66M | -1.23M | -798K | -437K | -1.9M | -1.43M | -2.24M | -639K | -400K | -200K | -700K | 400K |
| Pretax Income | 97.97M | 94.4M | 99.84M | 121.85M | 118.62M | 57.53M | -71.78M | 77.91M | 60.92M | 101.5M | 96.01M | 99.91M | 123.11M | 53.03M | 111.21M | 111.89M | 75.74M | 75.65M | 90.22M | 68.67M | 62.08M | 57.95M | 48.82M | 38.62M | 30.38M | 26.56M | 22.23M | 11.9M | 7.5M | 4.1M | 3.1M |
| Pretax Margin % | 3.17% | 3.1% | 3.06% | 3.22% | 3.36% | 1.83% | -2.36% | 2.01% | 1.58% | 2.84% | 2.71% | 3.1% | 4.23% | 1.84% | 3.69% | 4.2% | 3.58% | 4.09% | 4.15% | 3.46% | 3.73% | 3.94% | 4.1% | 3.9% | 3.61% | 4.21% | 4.47% | 4% | 4.1% | 4.37% | 5.57% |
| Income Tax | 24.62M | 22.85M | 22.78M | 33.76M | 29.93M | 12.15M | 7.45M | 20.31M | 27.77M | 32.25M | 32.39M | 34.49M | 41.32M | 18.36M | 36.92M | 38.36M | 26.93M | 27.97M | 34.59M | 25.99M | 21.75M | 21.93M | 18.7M | 16.05M | 11.27M | 10.09M | 8.45M | 4.4M | 2.7M | 1.6M | 1.2M |
| Effective Tax Rate % | 25.13% | 24.2% | 22.82% | 27.7% | 25.23% | 21.11% | -10.38% | 26.07% | 45.58% | 31.77% | 33.74% | 34.52% | 33.56% | 34.63% | 33.2% | 34.29% | 35.55% | 36.97% | 38.34% | 37.84% | 35.03% | 37.84% | 38.3% | 41.55% | 37.09% | 38.01% | 38% | 36.97% | 36% | 39.02% | 38.71% |
| Net Income | 73.35M | 71.55M | 77.06M | 89.81M | 88.8M | 10.79M | -192.65M | 57.6M | 33.15M | 69.25M | 63.62M | 65.42M | 81.79M | 34.66M | 74.29M | 73.52M | 48.81M | 47.69M | 55.63M | 42.63M | 40.11M | 35.73M | 29.98M | 22.57M | 19.94M | 16.46M | 13.79M | 7.5M | 4.8M | 2.5M | 1.9M |
| Net Margin % | 2.38% | 2.35% | 2.36% | 2.37% | 2.52% | 0.34% | -6.32% | 1.49% | 0.86% | 1.94% | 1.8% | 2.03% | 2.81% | 1.2% | 2.46% | 2.76% | 2.31% | 2.58% | 2.56% | 2.15% | 2.41% | 2.43% | 2.52% | 2.28% | 2.37% | 2.61% | 2.77% | 2.52% | 2.63% | 2.66% | 3.41% |
| Net Income Growth % | 8.57% | -7.15% | -14.2% | 1.14% | 722.58% | 105.6% | -434.49% | 73.73% | -52.12% | 8.84% | -2.75% | -20.01% | 135.96% | -53.34% | 1.04% | 50.62% | 2.36% | -14.28% | 30.51% | 6.28% | 12.25% | 19.18% | 32.82% | 13.2% | 21.12% | 19.43% | 83.8% | 56.25% | 92% | 31.58% | 26.67% |
| Net Income (Continuing) | 73.35M | 71.55M | 77.06M | 88.09M | 88.7M | 45.39M | -79.23M | 64.86M | 35.46M | 69.25M | 63.62M | 65.42M | 81.79M | 34.66M | 74.29M | 73.52M | 48.81M | 47.69M | 55.63M | 42.69M | 40.33M | 36.02M | 29.98M | 22.57M | 19.11M | 16.46M | 13.79M | 7.5M | 4.8M | 2.8M | 1.9M |
| Discontinued Operations | 0 | 0 | 0 | 1.72M | 100K | -34.59M | -113.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 516K | 910K | 1.09M | 1.07M | 1.67M | 1.44M | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.40 | 3.00 | 3.06 | 3.47 | 3.44 | 1.78 | -3.12 | 2.24 | 1.29 | 2.71 | 2.38 | 2.27 | 2.86 | 1.24 | 2.68 | 2.70 | 1.82 | 1.79 | 2.10 | 1.63 | 1.53 | 1.37 | 1.13 | 0.87 | 0.80 | 0.67 | 0.58 | 0.33 | 0.24 | 0.19 | 0.13 |
| EPS Growth % | 18.05% | -1.96% | -11.82% | 0.87% | 93.26% | 157.05% | -239.29% | 73.64% | -52.4% | 13.87% | 4.85% | -20.63% | 130.65% | -53.73% | -0.74% | 48.35% | 1.68% | -14.76% | 28.83% | 6.54% | 11.68% | 21.24% | 29.89% | 8.75% | 19.4% | 15.52% | 75.76% | 37.5% | 26.32% | 46.15% | 0% |
| EPS (Basic) | - | 3.05 | 3.10 | 3.50 | 3.48 | 1.79 | -3.12 | 2.25 | 1.30 | 2.74 | 2.40 | 2.29 | 2.89 | 1.25 | 2.72 | 2.74 | 1.83 | 1.80 | 2.13 | 1.65 | 1.56 | 1.41 | 1.17 | 0.89 | 0.87 | 0.73 | 0.62 | 0.34 | 0.25 | 0.20 | 0.14 |
| Diluted Shares Outstanding | 21.58M | 23.84M | 25.22M | 25.36M | 25.76M | 25.52M | 25.38M | 25.73M | 25.62M | 25.52M | 26.69M | 28.8M | 28.6M | 27.99M | 27.75M | 27.25M | 26.87M | 26.59M | 26.45M | 26.21M | 26.03M | 25.93M | 25.77M | 24.57M | 24.86M | 24.5M | 23.88M | 22.73M | 20.14M | 14.93M | 14.55M |
| Basic Shares Outstanding | 21.3M | 23.44M | 24.87M | 25.14M | 25.5M | 25.42M | 25.38M | 25.64M | 25.52M | 25.32M | 26.47M | 28.56M | 28.34M | 27.77M | 27.36M | 26.87M | 26.61M | 26.45M | 26.1M | 25.77M | 25.49M | 25.25M | 24.97M | 24.03M | 23.05M | 22.73M | 22.22M | 21.9M | 19.33M | 14M | 14.55M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Hardware OEM concentration risk
As indicated by recent quarterly filings, ScanSource's top-line performance remains inconsistent, with revenue growth fluctuating between a 21.2% contraction in 2024Q4 and an 8.9% expansion in 2025Q4, reflecting the inherent cyclicality of hardware refresh cycles within the Specialty Technology Solutions segment.
The revenue trajectory suggests a business struggling to find a consistent growth floor as it balances legacy hardware distribution with its cloud-based commission model. Investors should monitor whether the recent 8.8% growth in 2026Q3 represents a sustainable recovery or merely a temporary rebound from prior period weakness.
Based on reported financial data, ScanSource maintains a gross margin profile averaging approximately 13.4%, which appears structurally superior to broad-line distributors like TD SYNNEX, suggesting that the company's technical value-add services provide a degree of pricing power that protects against commodity-level margin erosion.
The ability to sustain these margins despite revenue volatility implies that the company's specialized engineering and configuration services are highly valued by its reseller base. However, the reliance on vendor rebates and MDFs to bolster these figures warrants further investigation into the underlying organic pricing strength.
According to the income statement, operating income has failed to scale linearly with gross profit, as evidenced by the 2026Q2 period where gross profit of $97.2M yielded only $19.1M in operating income, highlighting the significant fixed cost burden inherent in the company's technical support infrastructure.
The company's operating margin, which hovers around 2.8%, indicates that any meaningful expansion in profitability is likely dependent on achieving greater scale within the higher-margin MCC segment. Without significant revenue growth, the current cost structure may continue to limit the company's ability to translate gross profit gains into bottom-line earnings.
As reported in recent filings, ScanSource's net income is periodically impacted by stock-based compensation expenses, which reached $3.7M in 2026Q2, representing a non-trivial drag on reported earnings that investors should adjust for when evaluating the company's true operational cash-generating capability.
The variability in EPS growth, ranging from a 45.7% decline in 2025Q2 to a 32.8% increase in 2025Q4, suggests that reported net income is sensitive to non-operating items and accounting adjustments. A closer look at the tax rate and non-recurring charges is necessary to determine if the current earnings quality is sufficient to support a higher valuation multiple.
Quick answers to the most common questions about buying SCSC stock.
For fiscal year 2025, ScanSource, Inc. (SCSC) reported total revenue of $3.04B. This represents a 5359.3% increase compared to $55.7M in 1996.
ScanSource, Inc. (SCSC) is profitable, generating $71.5M in net income for the fiscal year ending 2025 with a net profit margin of 2.4%.
ScanSource, Inc. (SCSC) reported an operating income of $85.2M, resulting in an operating profit margin of 2.8%. This margin reflects the operational efficiency of the business before interest and taxes.
ScanSource, Inc. (SCSC) generated $408.6M in gross profit for the year, representing a gross profit margin of 13.4%. This demonstrates the company's core pricing power and production efficiency.