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APOGEE ENTERPRISES, INC.（APOG）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
EPLUS INC的季度营收约是APOGEE ENTERPRISES, INC.的1.7倍（$614.8M vs $351.4M），EPLUS INC净利率更高（5.7% vs 4.7%，领先1.0%），EPLUS INC同比增速更快（20.3% vs 1.6%），过去两年APOGEE ENTERPRISES, INC.的营收复合增速更高（2.9% vs 2.3%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
APOG vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.7倍
$351.4M
营收增速更快
PLUS
高出18.7%
1.6%
净利率更高
PLUS
高出1.0%
4.7%
两年增速更快
APOG
近两年复合增速
2.3%
损益表 — Q4 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $614.8M |
| 净利润 | $16.6M | $35.1M |
| 毛利率 | 22.4% | 25.8% |
| 营业利润率 | 7.3% | 7.1% |
| 净利率 | 4.7% | 5.7% |
| 营收同比 | 1.6% | 20.3% |
| 净利润同比 | 568.8% | 45.2% |
| 每股收益（稀释后） | $0.78 | $1.33 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APOGPLUS
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $614.8M | ||
| Q3 25 | $358.2M | $608.8M | ||
| Q2 25 | $346.6M | $637.3M | ||
| Q1 25 | $345.7M | — | ||
| Q4 24 | $341.3M | $493.2M | ||
| Q3 24 | $342.4M | $493.4M | ||
| Q2 24 | $331.5M | $535.7M |
净利润APOGPLUS
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $35.1M | ||
| Q3 25 | $23.6M | $34.9M | ||
| Q2 25 | $-2.7M | $37.7M | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $21.0M | $24.1M | ||
| Q3 24 | $30.6M | $31.3M | ||
| Q2 24 | $31.0M | $27.3M |
毛利率APOGPLUS
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 25.8% | ||
| Q3 25 | 23.1% | 26.6% | ||
| Q2 25 | 21.7% | 23.3% | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | 25.4% | ||
| Q3 24 | 28.4% | 25.8% | ||
| Q2 24 | 29.8% | 23.7% |
营业利润率APOGPLUS
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 7.1% | ||
| Q3 25 | 7.5% | 8.0% | ||
| Q2 25 | 2.0% | 5.7% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 8.4% | 3.3% | ||
| Q3 24 | 12.3% | 5.5% | ||
| Q2 24 | 12.5% | 5.9% |
净利率APOGPLUS
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 5.7% | ||
| Q3 25 | 6.6% | 5.7% | ||
| Q2 25 | -0.8% | 5.9% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 6.1% | 4.9% | ||
| Q3 24 | 8.9% | 6.3% | ||
| Q2 24 | 9.4% | 5.1% |
每股收益（稀释后）APOGPLUS
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $1.33 | ||
| Q3 25 | $1.10 | $1.32 | ||
| Q2 25 | $-0.13 | $1.43 | ||
| Q1 25 | $0.12 | — | ||
| Q4 24 | $0.96 | $0.91 | ||
| Q3 24 | $1.40 | $1.17 | ||
| Q2 24 | $1.41 | $1.02 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $39.5M | $326.3M |
| 总债务越低越好 | $232.3M | — |
| 股东权益账面价值 | $511.8M | $1.1B |
| 总资产 | $1.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资APOGPLUS
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $326.3M | ||
| Q3 25 | $39.5M | $402.2M | ||
| Q2 25 | $32.8M | $480.2M | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $43.9M | $253.1M | ||
| Q3 24 | $51.0M | $187.5M | ||
| Q2 24 | $30.4M | $349.9M |
总债务APOGPLUS
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APOGPLUS
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.1B | ||
| Q3 25 | $500.2M | $1.0B | ||
| Q2 25 | $481.8M | $1.0B | ||
| Q1 25 | $487.9M | — | ||
| Q4 24 | $522.1M | $962.3M | ||
| Q3 24 | $506.4M | $947.0M | ||
| Q2 24 | $480.0M | $921.9M |
总资产APOGPLUS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $917.1M | $1.7B | ||
| Q2 24 | $889.0M | $1.7B |
负债/权益比APOGPLUS
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $122.5M | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 7.8% | — |
| 现金转化率经营现金流/净利润 | 7.37× | -2.49× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APOGPLUS
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-87.4M | ||
| Q3 25 | $57.1M | $-34.8M | ||
| Q2 25 | $-19.8M | $-99.0M | ||
| Q1 25 | $30.0M | — | ||
| Q4 24 | $31.0M | $65.7M | ||
| Q3 24 | $58.7M | $-21.6M | ||
| Q2 24 | $5.5M | $97.1M |
自由现金流APOGPLUS
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
自由现金流率APOGPLUS
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
资本支出强度APOGPLUS
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
现金转化率APOGPLUS
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | -2.49× | ||
| Q3 25 | 2.41× | -1.00× | ||
| Q2 25 | — | -2.63× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | 2.72× | ||
| Q3 24 | 1.92× | -0.69× | ||
| Q2 24 | 0.18× | 3.55× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
