# ScanSource, Inc. (SCSC)

> Source: Nexqual · https://nexqual.com/SCSC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, ScanSource, Inc. (SCSC), nexqual.com/SCSC" · informational, not investment advice.

**Price:** USD 59.96 (-1.79% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 61.05 · day 58.76–61.17 · 52w 33.76–66.78 · market cap $1.21B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.23B, net income $78.9M (2.4% margin), free cash flow $114M (SEC filings).
- Valuation: P/E 15.3x (avg 14.2x at the last 3 fiscal year-ends), EV/EBITDA 10.0x, net debt $13.0M.
- 1 of 80 tracked superinvestors hold SCSC (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $5.5M; 4 not under a Rule 10b5-1 plan ($5.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.75 on a 1–5 scale) (4 analysts), mean target USD 64.5 (range 51–78).
- Total return with dividends: 1Y +39.8% vs S&P 500 +14.9%; 5Y +62.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.11, revenue estimate $853M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.53B | $3.79B | $3.26B | $3.04B | $3.23B | $3.23B |
| Gross profit | $427M | $449M | $399M | $409M | $437M | — |
| Operating income | $122M | $136M | $90.3M | $85.2M | $98.6M | $98.6M |
| Net income | $88.8M | $89.8M | $77.1M | $71.5M | $78.9M | $78.9M |
| EPS (diluted) | $3.45 | $3.54 | $3.06 | $3.00 | $3.64 | — |
| Free cash flow | -$131M | -$45.7M | $363M | $104M | $114M | $114M |
| Gross margin | 12.1% | 11.9% | 12.2% | 13.4% | 13.6% | — |
| Operating margin | 3.5% | 3.6% | 2.8% | 2.8% | 3.1% | 3.1% |
| Net margin | 2.5% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% |
| Revenue growth | +12.0% | +7.3% | -13.9% | -6.7% | +6.1% | — |
| Cash + short-term investments | $38.0M | $36.2M | $185M | $126M | $88.4M | — |
| Total debt | $271M | $330M | $144M | $136M | $101M | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 15.3x · P/S 0.4x · EV/EBITDA 10.0x · EV/Sales 0.4x · P/FCF 10.6x · P/B 1.3x · FCF yield 9.43% · Earnings yield 6.53% · Buyback yield (TTM) 8.11% · Net debt $13.0M · EV $1.22B
P/E at fiscal year-ends: Jun 2026 14.3x, Jun 2025 13.9x, Jun 2024 14.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SCSC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.17% | $57.8M | Added +21.5% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-11 | Mathis Charles Alexander | Director | 3,000 | $174K | 10.7% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-10…2026-09-11 | Baur Michael L | CEO, President, BOD Chair | 77,339 | $4.4M | 27.8% | No | Too little history (no open-market trades in 2023) |
| 2026-09-04 | Ford Brandy | SVP & Chief Accounting Officer | 5,293 | $304K | 34.8% | No | Too little history (no open-market trades in 2025) |
| 2026-09-03 | Jones Stephen | SEVP & CFO | 10,000 | $568K | 10.3% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.75 on a 1–5 scale), 4 analysts; mean target USD 64.5 (low 51, high 78).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Barclays | Target raised | Equal-Weight | $43 → $51 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +39.8% | +62.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +40.0% | +10.2% |
| Volatility (annualized) | 38.3% | 35.0% |
| Max drawdown | -22.7% (Feb 2026→Mar 2026) | -42.4% (Dec 2024→Mar 2025) |

## Peers (Electronics & Computer Distribution)
CNXN (PC Connection, Inc.) USD 88.51 +0.89% · CLMB (Climb Global Solutions, Inc.) USD 31.95 +1.98% · NSIT (Insight Enterprises, Inc.) USD 171.27 +0.05% · AVT (Avnet, Inc.) USD 88.64 -4.82% · ARW (Arrow Electronics, Inc.) USD 209.4 -4.44% · SNX (TD SYNNEX Corporation) USD 247.08 -1.62%

## More
Full page: https://nexqual.com/SCSC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SCSC's own 10-K filed 2026-08-20 (https://www.sec.gov/Archives/edgar/data/918965/000091896526000044/scsc-20260630.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Cisco (CSCO) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |
| Supplier | AT&T (T) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |
| Supplier | Comcast (CMCSA) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |
| Supplier | Dell Technologies (DELL) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |
| Supplier | Honeywell (HON) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |
| Supplier | Hewlett Packard Enterprise (HPE) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |
| Supplier | Microsoft (MSFT) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |
| Supplier | Verizon (VZ) | "We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Junip…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Specialty Technology Solutions | $927.2M | 97.3% | +17.6% | $27.6M | 3.0% |
| Intelisys & Advisory | $25.9M | 2.7% | +7.2% | $7.1M | 27.4% |
| Corporate costs (not allocated) | — | — | — | -$3.0M | — |
| Total revenue | $953.1M | 100% | — | $31.7M | 3.3% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Products and non-recurring services | $910.7M | 95.5% | +17.3% |
| Recurring Revenue | $16.5M | 1.7% | +31.9% |
| Total revenue | $953.1M | 100% | — |
The lines above cover 97.3% of total revenue.

## Company outlook (8-K filed 2026-08-20)

- "Financial Outlook for Fiscal Year 2027 The following guidance is based on ScanSource's current expectations for the full fiscal year ended June 30, 2027."
- "Fiscal year 2027 guidance excludes the pending acquisition of MicroAge and related purchase accounting impacts."
- "FY27 Annual Outlook Net sales growth, Y/Y 6% to 10% Adjusted EBITDA (non-GAAP) $158 million to $165 million Free cash flow (non-GAAP) At least $85 million Adjusted EBITDA is a non-GAAP measure, which excludes estimates for amortization of intangible assets, depreciation expense, and non-cash shared-based compensation expense."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.11 | $1.04 | +7.1% | $853.4M | 4 |
| Next quarter (ends 2026-12-31) | $1.12 | $1.08 | +3.4% | $891.9M | 4 |
| Current fiscal year (ends 2027-06-30) | $4.84 | $4.41 | +9.7% | $3.56B | 4 |
| Next fiscal year (ends 2028-06-30) | $5.70 | $5.21 | +9.4% | $3.76B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±12.3%; last 8 reports averaged ±8.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 54.7% | ±12.3% |
| 2026-12-18 | 56 | 47.3% | ±14.8% |
| 2027-03-19 | 147 | 45.5% | ±22.9% |
| 2027-06-17 | 237 | 42.6% | ±27.1% |