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ASSOCIATED BANC-CORP（ASB）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ASSOCIATED BANC-CORP的1.6倍（$614.8M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 5.7%，领先25.5%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs 2.3%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
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。
ASB vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.6倍
$383.0M
净利率更高
ASB
高出25.5%
5.7%
两年增速更快
ASB
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $614.8M |
| 净利润 | $119.6M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | — | 7.1% |
| 净利率 | 31.2% | 5.7% |
| 营收同比 | — | 20.3% |
| 净利润同比 | 566.6% | 45.2% |
| 每股收益（稀释后） | $0.70 | $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ASBPLUS
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $614.8M | ||
| Q3 25 | $305.2M | $608.8M | ||
| Q2 25 | $300.0M | $637.3M | ||
| Q1 25 | $285.9M | — | ||
| Q4 24 | $270.3M | $493.2M | ||
| Q3 24 | $329.7M | $493.4M | ||
| Q2 24 | $321.8M | $535.7M |
净利润ASBPLUS
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $35.1M | ||
| Q3 25 | $124.7M | $34.9M | ||
| Q2 25 | $111.2M | $37.7M | ||
| Q1 25 | $101.7M | — | ||
| Q4 24 | $-161.6M | $24.1M | ||
| Q3 24 | $88.0M | $31.3M | ||
| Q2 24 | $115.6M | $27.3M |
毛利率ASBPLUS
| Q1 26 | — | — | ||
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 23.7% |
营业利润率ASBPLUS
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 7.1% | ||
| Q3 25 | 50.5% | 8.0% | ||
| Q2 25 | 46.5% | 5.7% | ||
| Q1 25 | 42.3% | — | ||
| Q4 24 | -65.8% | 3.3% | ||
| Q3 24 | 32.8% | 5.5% | ||
| Q2 24 | 32.0% | 5.9% |
净利率ASBPLUS
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | 5.7% | ||
| Q3 25 | 40.9% | 5.7% | ||
| Q2 25 | 37.1% | 5.9% | ||
| Q1 25 | 35.6% | — | ||
| Q4 24 | -59.8% | 4.9% | ||
| Q3 24 | 26.7% | 6.3% | ||
| Q2 24 | 35.9% | 5.1% |
每股收益（稀释后）ASBPLUS
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $1.33 | ||
| Q3 25 | $0.73 | $1.32 | ||
| Q2 25 | $0.65 | $1.43 | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $-1.10 | $0.91 | ||
| Q3 24 | $0.56 | $1.17 | ||
| Q2 24 | $0.74 | $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 | — | $326.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $1.1B |
| 总资产 | $45.6B | $1.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASBPLUS
| Q1 26 | — | — | ||
| 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 |
总债务ASBPLUS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $594.1M | — | ||
| Q2 25 | $593.5M | — | ||
| Q1 25 | $591.4M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $844.3M | — | ||
| Q2 24 | $536.1M | — |
股东权益ASBPLUS
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $1.1B | ||
| Q3 25 | $4.9B | $1.0B | ||
| Q2 25 | $4.8B | $1.0B | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.6B | $962.3M | ||
| Q3 24 | $4.4B | $947.0M | ||
| Q2 24 | $4.2B | $921.9M |
总资产ASBPLUS
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $1.8B | ||
| Q3 25 | $44.5B | $1.8B | ||
| Q2 25 | $44.0B | $1.8B | ||
| Q1 25 | $43.3B | — | ||
| Q4 24 | $43.0B | $1.8B | ||
| Q3 24 | $42.2B | $1.7B | ||
| Q2 24 | $41.6B | $1.7B |
负债/权益比ASBPLUS
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.13× | — |
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 | — | $-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 | — | — |
| 现金转化率经营现金流/净利润 | — | -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ASBPLUS
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $-87.4M | ||
| Q3 25 | $158.0M | $-34.8M | ||
| Q2 25 | $141.5M | $-99.0M | ||
| Q1 25 | $98.2M | — | ||
| Q4 24 | $207.1M | $65.7M | ||
| Q3 24 | $105.1M | $-21.6M | ||
| Q2 24 | $113.5M | $97.1M |
现金转化率ASBPLUS
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | -2.49× | ||
| Q3 25 | 1.27× | -1.00× | ||
| Q2 25 | 1.27× | -2.63× | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | — | 2.72× | ||
| Q3 24 | 1.19× | -0.69× | ||
| Q2 24 | 0.98× | 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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
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% |
