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Side-by-side financial comparison of ACCO BRANDS Corp (ACCO) and EPLUS INC (PLUS). Click either name above to swap in a different company.

EPLUS INC is the larger business by last-quarter revenue ($614.8M vs $428.8M, roughly 1.4× ACCO BRANDS Corp). EPLUS INC runs the higher net margin — 5.7% vs 5.0%, a 0.7% gap on every dollar of revenue. On growth, EPLUS INC posted the faster year-over-year revenue change (20.3% vs -4.3%). Over the past eight quarters, ACCO BRANDS Corp's revenue compounded faster (9.3% CAGR vs 2.3%).

ACCO Brands Corporation is an American multinational company. It was created by the merger of ACCO World from Fortune Brands with General Binding Corporation (GBC). As of 2025, its president and CEO is Thomas W. Tedford.

ePlus Inc.(Nasdaq: PLUS) is an American consultative technology solutions provider that provides solutions and advisory and managed services across the technology spectrum, including security, cloud, networking, collaboration, artificial intelligence, and emerging solutions to more than 5,000 customers.

ACCO vs PLUS — Head-to-Head

Bigger by revenue
PLUS
PLUS
1.4× larger
PLUS
$614.8M
$428.8M
ACCO
Growing faster (revenue YoY)
PLUS
PLUS
+24.6% gap
PLUS
20.3%
-4.3%
ACCO
Higher net margin
PLUS
PLUS
0.7% more per $
PLUS
5.7%
5.0%
ACCO
Faster 2-yr revenue CAGR
ACCO
ACCO
Annualised
ACCO
9.3%
2.3%
PLUS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ACCO
ACCO
PLUS
PLUS
Revenue
$428.8M
$614.8M
Net Profit
$21.3M
$35.1M
Gross Margin
33.6%
25.8%
Operating Margin
9.3%
7.1%
Net Margin
5.0%
5.7%
Revenue YoY
-4.3%
20.3%
Net Profit YoY
3.4%
45.2%
EPS (diluted)
$0.23
$1.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACCO
ACCO
PLUS
PLUS
Q4 25
$428.8M
$614.8M
Q3 25
$383.7M
$608.8M
Q2 25
$394.8M
$637.3M
Q1 25
$317.4M
Q4 24
$448.1M
$493.2M
Q3 24
$420.9M
$493.4M
Q2 24
$438.3M
$535.7M
Q1 24
$358.9M
Net Profit
ACCO
ACCO
PLUS
PLUS
Q4 25
$21.3M
$35.1M
Q3 25
$4.0M
$34.9M
Q2 25
$29.2M
$37.7M
Q1 25
$-13.2M
Q4 24
$20.6M
$24.1M
Q3 24
$9.3M
$31.3M
Q2 24
$-125.2M
$27.3M
Q1 24
$-6.3M
Gross Margin
ACCO
ACCO
PLUS
PLUS
Q4 25
33.6%
25.8%
Q3 25
33.0%
26.6%
Q2 25
32.9%
23.3%
Q1 25
31.4%
Q4 24
34.7%
25.4%
Q3 24
32.5%
25.8%
Q2 24
34.8%
23.7%
Q1 24
30.8%
Operating Margin
ACCO
ACCO
PLUS
PLUS
Q4 25
9.3%
7.1%
Q3 25
6.8%
8.0%
Q2 25
8.4%
5.7%
Q1 25
-2.1%
Q4 24
9.4%
3.3%
Q3 24
6.2%
5.5%
Q2 24
-25.4%
5.9%
Q1 24
1.6%
Net Margin
ACCO
ACCO
PLUS
PLUS
Q4 25
5.0%
5.7%
Q3 25
1.0%
5.7%
Q2 25
7.4%
5.9%
Q1 25
-4.2%
Q4 24
4.6%
4.9%
Q3 24
2.2%
6.3%
Q2 24
-28.6%
5.1%
Q1 24
-1.8%
EPS (diluted)
ACCO
ACCO
PLUS
PLUS
Q4 25
$0.23
$1.33
Q3 25
$0.04
$1.32
Q2 25
$0.31
$1.43
Q1 25
$-0.14
Q4 24
$0.21
$0.91
Q3 24
$0.09
$1.17
Q2 24
$-1.29
$1.02
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACCO
ACCO
PLUS
PLUS
Cash + ST InvestmentsLiquidity on hand
$326.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$664.6M
$1.1B
Total Assets
$2.3B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACCO
ACCO
PLUS
PLUS
Q4 25
$326.3M
Q3 25
$402.2M
Q2 25
$480.2M
Q1 25
Q4 24
$253.1M
Q3 24
$187.5M
Q2 24
$349.9M
Q1 24
Stockholders' Equity
ACCO
ACCO
PLUS
PLUS
Q4 25
$664.6M
$1.1B
Q3 25
$644.0M
$1.0B
Q2 25
$637.3M
$1.0B
Q1 25
$606.1M
Q4 24
$606.1M
$962.3M
Q3 24
$615.5M
$947.0M
Q2 24
$617.1M
$921.9M
Q1 24
$758.5M
Total Assets
ACCO
ACCO
PLUS
PLUS
Q4 25
$2.3B
$1.8B
Q3 25
$2.3B
$1.8B
Q2 25
$2.4B
$1.8B
Q1 25
$2.3B
Q4 24
$2.2B
$1.8B
Q3 24
$2.4B
$1.7B
Q2 24
$2.4B
$1.7B
Q1 24
$2.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACCO
ACCO
PLUS
PLUS
Operating Cash FlowLast quarter
$30.6M
$-87.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.44×
-2.49×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACCO
ACCO
PLUS
PLUS
Q4 25
$30.6M
$-87.4M
Q3 25
$71.5M
$-34.8M
Q2 25
$-38.9M
$-99.0M
Q1 25
$5.5M
Q4 24
$52.7M
$65.7M
Q3 24
$92.9M
$-21.6M
Q2 24
$-25.6M
$97.1M
Q1 24
$28.2M
Cash Conversion
ACCO
ACCO
PLUS
PLUS
Q4 25
1.44×
-2.49×
Q3 25
17.88×
-1.00×
Q2 25
-1.33×
-2.63×
Q1 25
Q4 24
2.56×
2.72×
Q3 24
9.99×
-0.69×
Q2 24
3.55×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACCO
ACCO

Transferred At Point In Time$421.6M98%
Transferred Over Time$7.2M2%

PLUS
PLUS

All Others Customer End Market$107.0M17%
Technology Customer End Market$89.4M15%
Health Care Customer End Market$81.5M13%
Financial Services Customer End Market$66.1M11%
Professional Services Reporting Unit$64.1M10%
Security$61.1M10%
State And Local Government And Educational Institutions$59.9M10%
Managed Services Reporting Unit$48.8M8%
Other Product$21.1M3%
Collaboration$13.4M2%

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