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Shift4 Payments, Inc.（FOUR）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是EPLUS INC的1.9倍（$1.2B vs $614.8M），EPLUS INC净利率更高（5.7% vs 3.4%，领先2.3%），Shift4 Payments, Inc.同比增速更快（34.0% vs 20.3%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 2.3%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs PLUS — 直观对比
营收规模更大
FOUR
是对方的1.9倍
$614.8M
营收增速更快
FOUR
高出13.7%
20.3%
净利率更高
PLUS
高出2.3%
3.4%
两年增速更快
FOUR
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $614.8M |
| 净利润 | $40.2M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | 10.8% | 7.1% |
| 净利率 | 3.4% | 5.7% |
| 营收同比 | 34.0% | 20.3% |
| 净利润同比 | -65.3% | 45.2% |
| 每股收益（稀释后） | — | $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FOURPLUS
| Q4 25 | $1.2B | $614.8M | ||
| Q3 25 | $1.2B | $608.8M | ||
| Q2 25 | $966.2M | $637.3M | ||
| Q1 25 | $848.3M | — | ||
| Q4 24 | $887.0M | $493.2M | ||
| Q3 24 | $909.2M | $493.4M | ||
| Q2 24 | $827.0M | $535.7M | ||
| Q1 24 | $707.4M | — |
净利润FOURPLUS
| Q4 25 | $40.2M | $35.1M | ||
| Q3 25 | $28.1M | $34.9M | ||
| Q2 25 | $34.0M | $37.7M | ||
| Q1 25 | $16.7M | — | ||
| Q4 24 | $116.0M | $24.1M | ||
| Q3 24 | $53.8M | $31.3M | ||
| Q2 24 | $39.2M | $27.3M | ||
| Q1 24 | $20.6M | — |
毛利率FOURPLUS
| 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FOURPLUS
| Q4 25 | 10.8% | 7.1% | ||
| Q3 25 | 9.7% | 8.0% | ||
| Q2 25 | 8.6% | 5.7% | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 9.7% | 3.3% | ||
| Q3 24 | 8.8% | 5.5% | ||
| Q2 24 | 7.2% | 5.9% | ||
| Q1 24 | 3.0% | — |
净利率FOURPLUS
| Q4 25 | 3.4% | 5.7% | ||
| Q3 25 | 2.4% | 5.7% | ||
| Q2 25 | 3.5% | 5.9% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 13.1% | 4.9% | ||
| Q3 24 | 5.9% | 6.3% | ||
| Q2 24 | 4.7% | 5.1% | ||
| Q1 24 | 2.9% | — |
每股收益（稀释后）FOURPLUS
| Q4 25 | — | $1.33 | ||
| Q3 25 | — | $1.32 | ||
| Q2 25 | — | $1.43 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $1.17 | ||
| Q2 24 | — | $1.02 | ||
| Q1 24 | — | — |
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 | $964.0M | $326.3M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $1.1B |
| 总资产 | $8.7B | $1.8B |
| 负债/权益比越低杠杆越低 | 3.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FOURPLUS
| Q4 25 | $964.0M | $326.3M | ||
| Q3 25 | $1.5B | $402.2M | ||
| Q2 25 | $3.0B | $480.2M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $253.1M | ||
| Q3 24 | $1.4B | $187.5M | ||
| Q2 24 | $205.0M | $349.9M | ||
| Q1 24 | $522.9M | — |
总债务FOURPLUS
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FOURPLUS
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.6B | $1.0B | ||
| Q1 25 | $805.2M | — | ||
| Q4 24 | $806.6M | $962.3M | ||
| Q3 24 | $811.8M | $947.0M | ||
| Q2 24 | $700.8M | $921.9M | ||
| Q1 24 | $674.5M | — |
总资产FOURPLUS
| Q4 25 | $8.7B | $1.8B | ||
| Q3 25 | $9.0B | $1.8B | ||
| Q2 25 | $7.0B | $1.8B | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $5.0B | $1.8B | ||
| Q3 24 | $5.0B | $1.7B | ||
| Q2 24 | $3.5B | $1.7B | ||
| Q1 24 | $3.4B | — |
负债/权益比FOURPLUS
| Q4 25 | 3.15× | — | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $223.7M | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | — |
| 自由现金流率自由现金流/营收 | 18.7% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 5.56× | -2.49× |
| 过去12个月自由现金流最近4个季度 | $624.0M | — |
8季度趋势，按日历期对齐
经营现金流FOURPLUS
| Q4 25 | $223.7M | $-87.4M | ||
| Q3 25 | $171.8M | $-34.8M | ||
| Q2 25 | $141.9M | $-99.0M | ||
| Q1 25 | $96.6M | — | ||
| Q4 24 | $145.4M | $65.7M | ||
| Q3 24 | $182.1M | $-21.6M | ||
| Q2 24 | $116.1M | $97.1M | ||
| Q1 24 | $56.7M | — |
自由现金流FOURPLUS
| Q4 25 | $222.5M | — | ||
| Q3 25 | $165.4M | — | ||
| Q2 25 | $141.0M | — | ||
| Q1 25 | $95.1M | — | ||
| Q4 24 | $143.8M | — | ||
| Q3 24 | $180.1M | — | ||
| Q2 24 | $113.9M | — | ||
| Q1 24 | $55.4M | — |
自由现金流率FOURPLUS
| Q4 25 | 18.7% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 13.8% | — | ||
| Q1 24 | 7.8% | — |
资本支出强度FOURPLUS
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FOURPLUS
| Q4 25 | 5.56× | -2.49× | ||
| Q3 25 | 6.11× | -1.00× | ||
| Q2 25 | 4.17× | -2.63× | ||
| Q1 25 | 5.78× | — | ||
| Q4 24 | 1.25× | 2.72× | ||
| Q3 24 | 3.38× | -0.69× | ||
| Q2 24 | 2.96× | 3.55× | ||
| Q1 24 | 2.75× | — |
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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
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% |
