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KAISER ALUMINUM CORP（KALU）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
KAISER ALUMINUM CORP的季度营收约是EPLUS INC的1.5倍（$929.0M vs $614.8M），EPLUS INC净利率更高（5.7% vs 3.0%，领先2.7%），KAISER ALUMINUM CORP同比增速更快（21.4% vs 20.3%），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% vs 2.3%）
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
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。
KALU vs PLUS — 直观对比
营收规模更大
KALU
是对方的1.5倍
$614.8M
营收增速更快
KALU
高出1.1%
20.3%
净利率更高
PLUS
高出2.7%
3.0%
两年增速更快
KALU
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $929.0M | $614.8M |
| 净利润 | $28.2M | $35.1M |
| 毛利率 | 13.3% | 25.8% |
| 营业利润率 | 6.5% | 7.1% |
| 净利率 | 3.0% | 5.7% |
| 营收同比 | 21.4% | 20.3% |
| 净利润同比 | 42.4% | 45.2% |
| 每股收益（稀释后） | $1.67 | $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KALUPLUS
| Q4 25 | $929.0M | $614.8M | ||
| Q3 25 | $843.5M | $608.8M | ||
| Q2 25 | $823.1M | $637.3M | ||
| Q1 25 | $777.4M | — | ||
| Q4 24 | $765.4M | $493.2M | ||
| Q3 24 | $747.7M | $493.4M | ||
| Q2 24 | $773.4M | $535.7M | ||
| Q1 24 | $737.5M | — |
净利润KALUPLUS
| Q4 25 | $28.2M | $35.1M | ||
| Q3 25 | $39.5M | $34.9M | ||
| Q2 25 | $23.2M | $37.7M | ||
| Q1 25 | $21.6M | — | ||
| Q4 24 | $19.8M | $24.1M | ||
| Q3 24 | $8.8M | $31.3M | ||
| Q2 24 | $18.9M | $27.3M | ||
| Q1 24 | $18.2M | — |
毛利率KALUPLUS
| Q4 25 | 13.3% | 25.8% | ||
| Q3 25 | 13.6% | 26.6% | ||
| Q2 25 | 12.2% | 23.3% | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 12.5% | 25.4% | ||
| Q3 24 | 9.6% | 25.8% | ||
| Q2 24 | 13.4% | 23.7% | ||
| Q1 24 | 11.7% | — |
营业利润率KALUPLUS
| Q4 25 | 6.5% | 7.1% | ||
| Q3 25 | 5.8% | 8.0% | ||
| Q2 25 | 4.6% | 5.7% | ||
| Q1 25 | 5.3% | — | ||
| Q4 24 | 5.0% | 3.3% | ||
| Q3 24 | 1.8% | 5.5% | ||
| Q2 24 | 4.7% | 5.9% | ||
| Q1 24 | 3.3% | — |
净利率KALUPLUS
| Q4 25 | 3.0% | 5.7% | ||
| Q3 25 | 4.7% | 5.7% | ||
| Q2 25 | 2.8% | 5.9% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.6% | 4.9% | ||
| Q3 24 | 1.2% | 6.3% | ||
| Q2 24 | 2.4% | 5.1% | ||
| Q1 24 | 2.5% | — |
每股收益（稀释后）KALUPLUS
| Q4 25 | $1.67 | $1.33 | ||
| Q3 25 | $2.38 | $1.32 | ||
| Q2 25 | $1.41 | $1.43 | ||
| Q1 25 | $1.31 | — | ||
| Q4 24 | $1.21 | $0.91 | ||
| Q3 24 | $0.54 | $1.17 | ||
| Q2 24 | $1.15 | $1.02 | ||
| Q1 24 | $1.12 | — |
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 | $7.0M | $326.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $826.1M | $1.1B |
| 总资产 | $2.6B | $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KALUPLUS
| Q4 25 | $7.0M | $326.3M | ||
| Q3 25 | $17.2M | $402.2M | ||
| Q2 25 | $13.1M | $480.2M | ||
| Q1 25 | $21.3M | — | ||
| Q4 24 | $18.4M | $253.1M | ||
| Q3 24 | $45.7M | $187.5M | ||
| Q2 24 | $70.4M | $349.9M | ||
| Q1 24 | $101.6M | — |
股东权益KALUPLUS
| Q4 25 | $826.1M | $1.1B | ||
| Q3 25 | $806.1M | $1.0B | ||
| Q2 25 | $776.0M | $1.0B | ||
| Q1 25 | $756.8M | — | ||
| Q4 24 | $743.1M | $962.3M | ||
| Q3 24 | $729.4M | $947.0M | ||
| Q2 24 | $727.6M | $921.9M | ||
| Q1 24 | $714.7M | — |
总资产KALUPLUS
| Q4 25 | $2.6B | $1.8B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.3B | $1.7B | ||
| Q1 24 | $2.3B | — |
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 | $-20.6M | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $-51.1M | — |
| 自由现金流率自由现金流/营收 | -5.5% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 现金转化率经营现金流/净利润 | -0.73× | -2.49× |
| 过去12个月自由现金流最近4个季度 | $-25.5M | — |
8季度趋势，按日历期对齐
经营现金流KALUPLUS
| Q4 25 | $-20.6M | $-87.4M | ||
| Q3 25 | $59.1M | $-34.8M | ||
| Q2 25 | $15.9M | $-99.0M | ||
| Q1 25 | $57.0M | — | ||
| Q4 24 | $43.4M | $65.7M | ||
| Q3 24 | $34.1M | $-21.6M | ||
| Q2 24 | $26.3M | $97.1M | ||
| Q1 24 | $63.3M | — |
自由现金流KALUPLUS
| Q4 25 | $-51.1M | — | ||
| Q3 25 | $34.5M | — | ||
| Q2 25 | $-27.7M | — | ||
| Q1 25 | $18.8M | — | ||
| Q4 24 | $-12.6M | — | ||
| Q3 24 | $-17.0M | — | ||
| Q2 24 | $-17.4M | — | ||
| Q1 24 | $33.3M | — |
自由现金流率KALUPLUS
| Q4 25 | -5.5% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | -3.4% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | -1.6% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | -2.2% | — | ||
| Q1 24 | 4.5% | — |
资本支出强度KALUPLUS
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 4.1% | — |
现金转化率KALUPLUS
| Q4 25 | -0.73× | -2.49× | ||
| Q3 25 | 1.50× | -1.00× | ||
| Q2 25 | 0.69× | -2.63× | ||
| Q1 25 | 2.64× | — | ||
| Q4 24 | 2.19× | 2.72× | ||
| Q3 24 | 3.88× | -0.69× | ||
| Q2 24 | 1.39× | 3.55× | ||
| Q1 24 | 3.48× | — |
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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
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% |
