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ScanSource, Inc. (together with its subsidiaries referred to as the Company, ScanSource, we, us, or our ) is a leading technology distributor connecting devices to the cloud and accelerating growth for channel sales partners across hardware, software as a service ( SaaS ), connectivity and cloud services. ScanSource enables channel sales partners to deliver solutions for their end users to addr…
Operating margin is thin at 2.80%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 71% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$3.09B
▼ -6.7% YoY
Net Income (TTM)
$73M
▼ -7.2% YoY
Op. Margin
3.04%
ROIC
6.65%
▼ -0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$124M
▼ -71.3% YoY
Op. Cash Flow (TTM)
$133M
▼ -69.8% YoY
Net Debt
-$8M
Net Cash Position
Cash & Equiv.
$120M
5Y CAGR: -0.0%
5Y CAGR: -9.9%
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