Scansource
SCSC on Nasdaq. ScanSource sells technology hardware, software, and cloud services to resellers. Market value $1.2bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to June 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $9.27 of spare cash in the past 12 months. A savings account pays about $4.
You pay 12.6 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 8 cents a year. Above 10 is good.
Quality score: 49 of 100. Price score: 98 of 100. Our list needs 70 on quality and 60 on price.
$60.94 a share, 81% above its 1-year low
Over the past year the price has ranged from $33.76 to $66.78.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $3.5bn | $3.8bn | $3.3bn | $3.0bn | $3.2bn |
| Operating margin | |||||
| Operating margin | 3.5% | 3.6% | 2.8% | 2.8% | 3.1% |
| Debt to equity | |||||
| Debt to equity | 0.34 | 0.36 | 0.16 | 0.15 | 0.11 |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)7 of 9
- Profit backed by cash (accruals)Yes
- Debt0.11× equity
- Revenue growth, five yearsSlow, 0.5% a year
- Buying back its own sharesYes, 19% fewer since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $953 million last quarter, up 17% on a year ago.
- Profit: $26 million, up 28% on a year ago.
- It keeps 3 cents of each $1 of sales as operating profit, about the same as a year earlier.
- Spare cash over the past 12 months: $114 million, up from $104 million.
- Debt is $13 million more than cash, up from $10 million a year ago.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $776m |
| December 2024 | $747m |
| March 2025 | $705m |
| June 2025 | $813m |
| September 2025 | $740m |
| December 2025 | $767m |
| March 2026 | $767m |
| June 2026 | $953m |
| Quarter to | Amount |
|---|---|
| September 2024 | $17m |
| December 2024 | $17m |
| March 2025 | $17m |
| June 2025 | $20m |
| September 2025 | $20m |
| December 2025 | $16m |
| March 2026 | $17m |
| June 2026 | $26m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 20 August 2026
- Next quarterly (estimated, 10-Q)
- 6 August 2026
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 213 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $45m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Pzena Investment ManagementRichard Pzena | $58m | 0.2% | Added |
| LSV Asset ManagementJosef Lakonishok | $45m | <0.1% | |
| Hotchkis & WileyHotchkis & Wiley team | $13m | <0.1% | Cut |
| Royce & AssociatesChuck Royce | $2m | <0.1% | Added |
| Barrow HanleyBarrow Hanley team | $11,304 | <0.1% | Added |
Largest holders overall
- BlackRock$200mAdded
- Vanguard Portfolio Management$89mCut
- Dimensional Fund Advisors LP$85m
- Pzena Investment Management$58mAdded
- Wasatch Advisors LP$56mCut
- State Street$47mAdded
- LSV Asset Management$45m
- Vanguard Capital Management$44mCut
- American Century Companies$36mAdded
- Geode Capital Management$30mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor16.3%+1.1 ptsSince 30 June 2026
- Vanguard Portfolio ManagementPassive investor8.4%Since 31 March 2026
- Pzena Investment ManagementPassive investor5.5%Since 30 June 2026
- Wasatch Advisors LPPassive investor5.2%Since 30 September 2025
- Pacer Advisors, Inc.Passive investorSold down below 5%Since 31 March 2025
- Victory Capital Management, Inc.Passive investorSold down below 5%Since 30 September 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- Alma Consulting & Investments S.L.Passive investorSold down below 5%Since 8 July 2025
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 16.3%+1.1 pts | 30 June 2026 | |
Vanguard Portfolio Management Passive investor | 8.4% | 31 March 2026 | |
Pzena Investment Management Passive investor | 5.5% | 30 June 2026 | |
Wasatch Advisors LP Passive investor | 5.2% | 30 September 2025 | |
Pacer Advisors, Inc. Passive investor | Sold down below 5% | 31 March 2025 | |
Victory Capital Management, Inc. Passive investor | Sold down below 5% | 30 September 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
Alma Consulting & Investments S.L. Passive investor | Sold down below 5% | 8 July 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $211,230 of shares on the open market. 4 sold $7m.
- Mathis Charles AlexanderDirectorSold
- Date
- 11 September 2026
- Shares
- 3,000
- Price
- $58.00
- Value
- $174,000
- BAUR MICHAEL LCEO, President, BOD Chair, DirectorSold
- Date
- 11 September 2026
- Shares
- 57,359
- Price
- $58.04
- Value
- $3m
- BAUR MICHAEL LCEO, President, BOD Chair, DirectorSold
- Date
- 10 September 2026
- Shares
- 19,980
- Price
- $55.55
- Value
- $1m
- Ford BrandySVP & Chief Accounting OfficerSold
- Date
- 4 September 2026
- Shares
- 5,293
- Price
- $57.43
- Value
- $303,998
- Jones StephenSEVP & CFOSold
- Date
- 3 September 2026
- Shares
- 10,000
- Price
- $56.76
- Value
- $567,574
- BAUR MICHAEL LCEO, President, BOD Chair, DirectorSold
- Date
- 16 March 2026
- Shares
- 3,827
- Price
- $35.89
- Value
- $137,351
- BAUR MICHAEL LCEO, President, BOD Chair, DirectorSold
- Date
- 13 March 2026
- Shares
- 21,173
- Price
- $35.76
- Value
- $757,191
- Mathis Charles AlexanderDirectorBought
- Date
- 11 February 2026
- Shares
- 6,000
- Price
- $35.20
- Value
- $211,230
- BAUR MICHAEL LCEO, President, BOD Chair, DirectorSold
- Date
- 16 December 2025
- Shares
- 9,459
- Price
- $41.42
- Value
- $391,809
- BAUR MICHAEL LCEO, President, BOD Chair, DirectorSold
- Date
- 15 December 2025
- Shares
- 9,559
- Price
- $40.82
- Value
- $390,227
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 September 2026 | Mathis Charles Alexander Director | Sold | 3,000 | $58.00 | $174,000 |
| 11 September 2026 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sold | 57,359 | $58.04 | $3m |
| 10 September 2026 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sold | 19,980 | $55.55 | $1m |
| 4 September 2026 | Ford Brandy SVP & Chief Accounting Officer | Sold | 5,293 | $57.43 | $303,998 |
| 3 September 2026 | Jones Stephen SEVP & CFO | Sold | 10,000 | $56.76 | $567,574 |
| 16 March 2026 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sold | 3,827 | $35.89 | $137,351 |
| 13 March 2026 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sold | 21,173 | $35.76 | $757,191 |
| 11 February 2026 | Mathis Charles Alexander Director | Bought | 6,000 | $35.20 | $211,230 |
| 16 December 2025 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sold | 9,459 | $41.42 | $391,809 |
| 15 December 2025 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sold | 9,559 | $40.82 | $390,227 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have barely grown: 0.5% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.