SCANSOURCE, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SCANSOURCE, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	3,568	3,846	3,250	3,048	3,151	3,530	3,788	3,260	3,041	3,226
Cost of revenue	3,185	2,795	2,857	2,692	2,800	3,103	3,338	2,861	2,632	2,789
Gross profit	384	369	393	356	351	427	449	399	409	437
Selling, general and administrative	265	232	244	260	247	275	286	277	287	313
Operating income	88.2	69	94.7	-65	61.5	122	136	90.3	85.2	98.6
Interest expense	3.22	9.12	13.2	12.2	6.93	6.52	19.8	13	8.01	6.59
Interest income	5.33	3.71	1.82	5.83	3.1	4.33	7.41	9.38	11.2	12.3
Other non-operating income	11.1	-0.55	0.25	-0.41	-0.12	-1.35	-1.66	-0.99	5.96	-0.56
Pre-tax income	101	63	83.6	-71.8	57.5	119	122	99.8	94.4	104
Income tax	32.2	27.6	18.8	7.45	12.1	29.9	33.8	22.8	22.8	24.9
Income from continuing operations		35.5	64.9	-79.2	45.4	88.7	88.1	77.1	71.5
Net income	69.2	33.2	57.6	-193	10.8	88.8	89.8	77.1	71.5	78.9
EBITDA	113	103	128	-29.6	95	152	165	118	115	122
EPS, basic	2.74	1.30	2.25	-7.59	0.42	3.48	3.57	3.10	3.05	3.69
EPS, diluted	2.71	1.29	2.24	-7.59	0.42	3.45	3.54	3.06	3.00	3.64
Shares, basic (weighted)	25.3	25.5	25.6	25.4	25.4	25.5	25.1	24.9	23.4	21.4
Shares, diluted (weighted)	25.5	25.6	25.7	25.4	25.5	25.8	25.4	25.2	23.8	21.7

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	56.1	25.5	19.3	29.5	62.7	38	36.2	185	126	88.4
Receivables	637	646	523	443	569	729	753	582	636	770
Inventory	531	596	554	455	470	615	758	513	484	522
Other current assets	56.3	21.3	12.3	16.5	11.6	15.3	15.5	12.3	9.2	12.3
Total current assets	1,281	1,362	1,477	1,203	1,220	1,524	1,657	1,405	1,370	1,508
Property, plant and equipment	56.6	73	60.6	55.6	42.8	37.5	37.4	33.5	31.2	34.9
Lease right-of-use assets				23.6	19.2	16.2	12.5	9.06	10.3	8.85
Goodwill	201	289	311	214	219	214	217	206	231	245
Intangible assets	102	137	121	122	105	84.4	68.5	37.6	62.9	64.4
Other non-current assets	48.8	52.9	52.9	72.5	63.6	61.6	70.8	77	71.5	69.7
Total assets	1,718	1,945	2,067	1,692	1,672	1,937	2,068	1,779	1,786	1,932
Accounts payable	513	563	488	454	635	714	691	588	599	753
Accrued liabilities	105	90.9	64.6	76.7	87.8	88.5	78.9	65.6	71.3	86.5
Deferred revenue		20.5	13.8	12.1	9.75	9.64	8.64	7.06	5.56	5.02
Short-term debt	0	0.55	4.09	7.84	7.84	11.6	6.92	7.86	7.86	2.87
Total current liabilities	656	710	701	719	733	814	787	669	683	859
Long-term debt	5.43	4.88	151	143	135	124	144	136	128	98.5
Lease liabilities				20.8	16.6	13.1	9.33	6.51	6.97	4.93
Other non-current liabilities	42.2	52.7	57.2	80.1	68.3	53.9	49.3	49.2	50.2	51.8
Total liabilities	881	1,079	1,153	1,014	940	1,131	1,163	855	879	1,022
Total debt	97.3	249	155	151	143	135	151	144	136	101
Paid-in capital	61.2	68.2	64.3
Retained earnings	849	882	940	747	758	847	937	1,014	1,021	1,018
Other comprehensive income	-73.2	-84.2	-90.1	-133	-98.1	-105	-89.6	-116	-114	-107
Shareholders' equity	837	866	914	678	731	807	905	924	906	911
Total equity	837	866	914	678	731	807	905	924	906	911
Total liabilities and equity	1,718	1,945	2,067	1,692	1,672	1,937	2,068	1,779	1,786	1,932
Shares outstanding	25.4	25.6	25.4	25.4	25.5	25.2	24.8	24.2	22.2	20.2

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	69.2	33.2	57.6	-193	10.8	88.8	89.8	77.1	71.5	78.9
Depreciation and amortization	25	34.5	33.7	35.3	33.5	29.9	28.6	28	30.2	23.6
Stock-based compensation	6.6	6.38	6.05	5.48	8.04	11.7	11.2	9.54	11.1	14.1
Deferred income tax	-1.78	-21.9	-1.56	-10.9	0.88	3.9	-2.24	-2.03	2.81	4.57
Change in receivables	-62.7	-35.9	-5.49	57.5	-119	-166	-17.4	138	-55	-133
Change in inventory	28.4	-53.2	-85.9	86.2	-12.3	-146	-138	239	28.9	-36.7
Change in payables	19.9	37.3	16.1	-20.8	175	83	-30.7	-78.2	3.67	151
Cash from operations	94.9	24.8	-27.1	182	117	-124	-35.8	372	112	123
Capital expenditures	-8.85	-7	-5.8	-6.39	-2.36	-6.85	-9.98	-8.56	-8.29	-9.29
Acquisitions	-83.8	-144	-32.2	-48.9	0	0	0	0	-56.7	-18.2
Cash from investing	-96.2	-152	-39.4	-55.3	32	-3.72	-8.26	9.05	-62.4	-27.5
Debt issued	0	0	150
Debt repaid	0	0
Stock issued	9.97	2.27	1.51	0.75	0.45	2.3	0.91	4.81	9.51	4.96
Share buybacks	-20.9	0	-9.48	-6.08	0	-18.2	-15.7	-42.9	-107	-97.9
Cash from financing	-3.51	101	64.2	-153	-119	108	39.5	-228	-111	-134
Exchange rate effect	-0.44	-4.02	0.56
Net change in cash	-5.31	-30.6	-1.71	10.6	28.3	-24.7	-1.81	149	-59.3	-37.8
Free cash flow	86	17.8	-32.9	176	114	-131	-45.7	363	104	114
Interest paid	2.83	8.61	13.2	12	6.41	6.07	18.8	13	7.57	6.1
Income taxes paid	31.1	36	30.6	16.9	12	29.4	28.5	27.1	27.8	28.9

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $58.30 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	13.6%	Gross profit / revenue.
Operating margin	3.1%	Operating income / revenue.
EBITDA margin	3.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.2%	Pre-tax income / revenue.
Net margin	2.4%	Net income / revenue.
FCF margin	3.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	3.8%	Cash from operations / revenue.
Effective tax rate	24.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.2%	Net income / average total assets.
Return on invested capital (ROIC)	8.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	9.7%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.3%	Capital expenditures / revenue.
D&A / revenue	0.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-5.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	0.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	7.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-0.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	4.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	15.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-10.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	9.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	5.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-9.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	5.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	10.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-4.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	48.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	21.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	0.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	54.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	9.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	1.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	9.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-0.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	0.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	0.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-9.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-5.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-3.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.76x	Current assets / current liabilities.
Quick ratio	1.00x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.10x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.11x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	5.2%	Total debt / total assets.
Liabilities / assets	52.9%	Total liabilities / total assets.
Net debt	$13.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.11x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	15.0x	Operating income / interest expense.
Working capital	$648.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	16.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$601.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.74x	Revenue / average total assets.
Fixed asset turnover	97.7x	Revenue / average property, plant and equipment.
Inventory turnover	5.54x	Cost of revenue / average inventory.
Days inventory	66 days	365 x average inventory / cost of revenue.
Receivables turnover	4.59x	Revenue / average receivables.
Days sales outstanding	79 days	365 x average receivables / revenue.
Days payables	88 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	57 days	Days inventory + days sales outstanding - days payables.
FCF conversion	144.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	7.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.64	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$3.69	Net income per basic share, as reported (split-adjusted).
Revenue per share	$148.72	Revenue / diluted weighted shares.
FCF per share	$5.25	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.68	Cash from operations / diluted weighted shares.
Book value per share	$45.17	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$29.83	Tangible book value / shares outstanding.
Cash per share	$4.38	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	86.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.18B	Share price x shares outstanding.
Enterprise value	$1.20B	Market cap + total debt - cash - short-term investments.
P/E	15.0x	Market cap / net income. Only when net income is positive.
P/S	0.37x	Market cap / revenue.
P/B	1.30x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.97x	Market cap / tangible book value, when positive.
P/FCF	10.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.62x	Market cap / cash from operations, when positive.
EV/Sales	0.37x	Enterprise value / revenue.
EV/EBIT	12.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	9.80x	Enterprise value / EBITDA, when both are positive.
EV/FCF	10.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	9.6%	Free cash flow / market cap.
Earnings yield	6.7%	Net income / market cap (the inverse of P/E).
Shareholder yield	8.3%	(Dividends paid + share buybacks) / market cap.
PEG	16.1x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was SCANSOURCE, INC.'s revenue in fiscal 2026?

SCANSOURCE, INC. reported revenue of $3.23B for fiscal 2026, 6.1% higher than the year before.

Was SCANSOURCE, INC. profitable in fiscal 2026?

Yes. Net income was $78.9M, a net margin of 2.4%.

How much free cash flow did SCANSOURCE, INC. generate in fiscal 2026?

Cash from operations of $123.1M minus capital expenditures of $9.3M left free cash flow of $113.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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