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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) 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 $327.6M, roughly 1.9× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 5.7%, a 15.7% gap on every dollar of revenue. On growth, EPLUS INC posted the faster year-over-year revenue change (20.3% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs PLUS — Head-to-Head

Bigger by revenue
PLUS
PLUS
1.9× larger
PLUS
$614.8M
$327.6M
NMM
Growing faster (revenue YoY)
PLUS
PLUS
+24.6% gap
PLUS
20.3%
-4.3%
NMM
Higher net margin
NMM
NMM
15.7% more per $
NMM
21.4%
5.7%
PLUS

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
NMM
NMM
PLUS
PLUS
Revenue
$327.6M
$614.8M
Net Profit
$69.9M
$35.1M
Gross Margin
90.5%
25.8%
Operating Margin
7.1%
Net Margin
21.4%
5.7%
Revenue YoY
-4.3%
20.3%
Net Profit YoY
-31.1%
45.2%
EPS (diluted)
$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
NMM
NMM
PLUS
PLUS
Q4 25
$614.8M
Q3 25
$608.8M
Q2 25
$327.6M
$637.3M
Q4 24
$493.2M
Q3 24
$493.4M
Q2 24
$342.2M
$535.7M
Q4 23
$509.1M
Q3 23
$587.6M
Net Profit
NMM
NMM
PLUS
PLUS
Q4 25
$35.1M
Q3 25
$34.9M
Q2 25
$69.9M
$37.7M
Q4 24
$24.1M
Q3 24
$31.3M
Q2 24
$101.5M
$27.3M
Q4 23
$27.3M
Q3 23
$32.7M
Gross Margin
NMM
NMM
PLUS
PLUS
Q4 25
25.8%
Q3 25
26.6%
Q2 25
90.5%
23.3%
Q4 24
25.4%
Q3 24
25.8%
Q2 24
88.3%
23.7%
Q4 23
26.3%
Q3 23
24.6%
Operating Margin
NMM
NMM
PLUS
PLUS
Q4 25
7.1%
Q3 25
8.0%
Q2 25
5.7%
Q4 24
3.3%
Q3 24
5.5%
Q2 24
5.9%
Q4 23
7.5%
Q3 23
7.6%
Net Margin
NMM
NMM
PLUS
PLUS
Q4 25
5.7%
Q3 25
5.7%
Q2 25
21.4%
5.9%
Q4 24
4.9%
Q3 24
6.3%
Q2 24
29.7%
5.1%
Q4 23
5.4%
Q3 23
5.6%
EPS (diluted)
NMM
NMM
PLUS
PLUS
Q4 25
$1.33
Q3 25
$1.32
Q2 25
$1.43
Q4 24
$0.91
Q3 24
$1.17
Q2 24
$1.02
Q4 23
$1.02
Q3 23
$1.22

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
PLUS
PLUS
Cash + ST InvestmentsLiquidity on hand
$377.0M
$326.3M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$1.1B
Total Assets
$5.9B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
PLUS
PLUS
Q4 25
$326.3M
Q3 25
$402.2M
Q2 25
$377.0M
$480.2M
Q4 24
$253.1M
Q3 24
$187.5M
Q2 24
$272.0M
$349.9M
Q4 23
$142.2M
Q3 23
$82.5M
Total Debt
NMM
NMM
PLUS
PLUS
Q4 25
Q3 25
Q2 25
$2.0B
Q4 24
Q3 24
Q2 24
$1.4B
Q4 23
Q3 23
Stockholders' Equity
NMM
NMM
PLUS
PLUS
Q4 25
$1.1B
Q3 25
$1.0B
Q2 25
$1.0B
Q4 24
$962.3M
Q3 24
$947.0M
Q2 24
$921.9M
Q4 23
$877.8M
Q3 23
$845.7M
Total Assets
NMM
NMM
PLUS
PLUS
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$5.9B
$1.8B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$5.3B
$1.7B
Q4 23
$1.6B
Q3 23
$1.6B

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
PLUS
PLUS
Q4 25
$-87.4M
Q3 25
$-34.8M
Q2 25
$-99.0M
Q4 24
$65.7M
Q3 24
$-21.6M
Q2 24
$97.1M
Q4 23
$133.2M
Q3 23
$31.2M
Cash Conversion
NMM
NMM
PLUS
PLUS
Q4 25
-2.49×
Q3 25
-1.00×
Q2 25
-2.63×
Q4 24
2.72×
Q3 24
-0.69×
Q2 24
3.55×
Q4 23
4.88×
Q3 23
0.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

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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