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COMERICA INC（CMA）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
COMERICA INC的季度营收约是EPLUS INC的1.4倍（$838.0M vs $614.8M），COMERICA INC净利率更高（21.0% vs 5.7%，领先15.3%），EPLUS INC同比增速更快（20.3% vs 3.3%），过去两年COMERICA INC的营收复合增速更高（108.9% vs 2.3%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
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。
CMA vs PLUS — 直观对比
营收规模更大
CMA
是对方的1.4倍
$614.8M
营收增速更快
PLUS
高出17.0%
3.3%
净利率更高
CMA
高出15.3%
5.7%
两年增速更快
CMA
近两年复合增速
2.3%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $838.0M | $614.8M |
| 净利润 | $176.0M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | — | 7.1% |
| 净利率 | 21.0% | 5.7% |
| 营收同比 | 3.3% | 20.3% |
| 净利润同比 | -4.3% | 45.2% |
| 每股收益（稀释后） | $1.35 | $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CMAPLUS
| Q4 25 | — | $614.8M | ||
| Q3 25 | $838.0M | $608.8M | ||
| Q2 25 | $849.0M | $637.3M | ||
| Q1 25 | $829.0M | — | ||
| Q4 24 | $825.0M | $493.2M | ||
| Q3 24 | $811.0M | $493.4M | ||
| Q2 24 | $824.0M | $535.7M | ||
| Q1 24 | $784.0M | — |
净利润CMAPLUS
| Q4 25 | — | $35.1M | ||
| Q3 25 | $176.0M | $34.9M | ||
| Q2 25 | $199.0M | $37.7M | ||
| Q1 25 | $172.0M | — | ||
| Q4 24 | $170.0M | $24.1M | ||
| Q3 24 | $184.0M | $31.3M | ||
| Q2 24 | $206.0M | $27.3M | ||
| Q1 24 | $138.0M | — |
毛利率CMAPLUS
| 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% | ||
| Q1 24 | — | — |
营业利润率CMAPLUS
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | — |
净利率CMAPLUS
| Q4 25 | — | 5.7% | ||
| Q3 25 | 21.0% | 5.7% | ||
| Q2 25 | 23.4% | 5.9% | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 20.6% | 4.9% | ||
| Q3 24 | 22.7% | 6.3% | ||
| Q2 24 | 25.0% | 5.1% | ||
| Q1 24 | 17.6% | — |
每股收益（稀释后）CMAPLUS
| Q4 25 | — | $1.33 | ||
| Q3 25 | $1.35 | $1.32 | ||
| Q2 25 | $1.42 | $1.43 | ||
| Q1 25 | $1.25 | — | ||
| Q4 24 | $1.22 | $0.91 | ||
| Q3 24 | $1.33 | $1.17 | ||
| Q2 24 | $1.49 | $1.02 | ||
| Q1 24 | $0.98 | — |
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 | $5.4B | — |
| 股东权益账面价值 | $7.4B | $1.1B |
| 总资产 | $77.4B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资CMAPLUS
| 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 | — | — |
总债务CMAPLUS
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
股东权益CMAPLUS
| Q4 25 | — | $1.1B | ||
| Q3 25 | $7.4B | $1.0B | ||
| Q2 25 | $6.9B | $1.0B | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $6.5B | $962.3M | ||
| Q3 24 | $7.4B | $947.0M | ||
| Q2 24 | $6.2B | $921.9M | ||
| Q1 24 | $6.0B | — |
总资产CMAPLUS
| Q4 25 | — | $1.8B | ||
| Q3 25 | $77.4B | $1.8B | ||
| Q2 25 | $78.0B | $1.8B | ||
| Q1 25 | $77.6B | — | ||
| Q4 24 | $79.3B | $1.8B | ||
| Q3 24 | $79.7B | $1.7B | ||
| Q2 24 | $79.6B | $1.7B | ||
| Q1 24 | $79.4B | — |
负债/权益比CMAPLUS
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $-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 | -1.53× | -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CMAPLUS
| Q4 25 | — | $-87.4M | ||
| Q3 25 | $-270.0M | $-34.8M | ||
| Q2 25 | $476.0M | $-99.0M | ||
| Q1 25 | $273.0M | — | ||
| Q4 24 | $601.0M | $65.7M | ||
| Q3 24 | $1.0B | $-21.6M | ||
| Q2 24 | $111.0M | $97.1M | ||
| Q1 24 | $-205.0M | — |
现金转化率CMAPLUS
| Q4 25 | — | -2.49× | ||
| Q3 25 | -1.53× | -1.00× | ||
| Q2 25 | 2.39× | -2.63× | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 3.54× | 2.72× | ||
| Q3 24 | 5.70× | -0.69× | ||
| Q2 24 | 0.54× | 3.55× | ||
| Q1 24 | -1.49× | — |
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
CMA
暂无分部数据
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% |
