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雷诺士国际（LII）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是EPLUS INC的1.9倍（$1.2B vs $614.8M），雷诺士国际净利率更高（13.6% vs 5.7%，领先7.9%），EPLUS INC同比增速更快（20.3% vs -11.2%），过去两年雷诺士国际的营收复合增速更高（6.8% vs 2.3%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
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。
LII vs PLUS — 直观对比
营收规模更大
LII
是对方的1.9倍
$614.8M
营收增速更快
PLUS
高出31.5%
-11.2%
净利率更高
LII
高出7.9%
5.7%
两年增速更快
LII
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 | $162.1M | $35.1M |
| 毛利率 | 34.7% | 25.8% |
| 营业利润率 | 18.6% | 7.1% |
| 净利率 | 13.6% | 5.7% |
| 营收同比 | -11.2% | 20.3% |
| 净利润同比 | -18.0% | 45.2% |
| 每股收益（稀释后） | $4.62 | $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LIIPLUS
| Q4 25 | $1.2B | $614.8M | ||
| Q3 25 | $1.4B | $608.8M | ||
| Q2 25 | $1.5B | $637.3M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.3B | $493.2M | ||
| Q3 24 | $1.5B | $493.4M | ||
| Q2 24 | $1.5B | $535.7M | ||
| Q1 24 | $1.0B | — |
净利润LIIPLUS
| Q4 25 | $162.1M | $35.1M | ||
| Q3 25 | $245.8M | $34.9M | ||
| Q2 25 | $277.6M | $37.7M | ||
| Q1 25 | $120.3M | — | ||
| Q4 24 | $197.7M | $24.1M | ||
| Q3 24 | $239.0M | $31.3M | ||
| Q2 24 | $245.9M | $27.3M | ||
| Q1 24 | $124.3M | — |
毛利率LIIPLUS
| Q4 25 | 34.7% | 25.8% | ||
| Q3 25 | 32.8% | 26.6% | ||
| Q2 25 | 34.8% | 23.3% | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 33.9% | 25.4% | ||
| Q3 24 | 32.6% | 25.8% | ||
| Q2 24 | 33.6% | 23.7% | ||
| Q1 24 | 32.5% | — |
营业利润率LIIPLUS
| Q4 25 | 18.6% | 7.1% | ||
| Q3 25 | 21.7% | 8.0% | ||
| Q2 25 | 23.6% | 5.7% | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 18.2% | 3.3% | ||
| Q3 24 | 20.2% | 5.5% | ||
| Q2 24 | 22.1% | 5.9% | ||
| Q1 24 | 15.9% | — |
净利率LIIPLUS
| Q4 25 | 13.6% | 5.7% | ||
| Q3 25 | 17.2% | 5.7% | ||
| Q2 25 | 18.5% | 5.9% | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 14.7% | 4.9% | ||
| Q3 24 | 16.0% | 6.3% | ||
| Q2 24 | 16.9% | 5.1% | ||
| Q1 24 | 11.9% | — |
每股收益（稀释后）LIIPLUS
| Q4 25 | $4.62 | $1.33 | ||
| Q3 25 | $6.98 | $1.32 | ||
| Q2 25 | $7.82 | $1.43 | ||
| Q1 25 | $3.37 | — | ||
| Q4 24 | $5.52 | $0.91 | ||
| Q3 24 | $6.68 | $1.17 | ||
| Q2 24 | $6.87 | $1.02 | ||
| Q1 24 | $3.47 | — |
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 | $34.7M | $326.3M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $1.1B |
| 总资产 | $4.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资LIIPLUS
| Q4 25 | $34.7M | $326.3M | ||
| Q3 25 | $59.2M | $402.2M | ||
| Q2 25 | $55.1M | $480.2M | ||
| Q1 25 | $222.9M | — | ||
| Q4 24 | $422.3M | $253.1M | ||
| Q3 24 | $255.7M | $187.5M | ||
| Q2 24 | $57.8M | $349.9M | ||
| Q1 24 | $57.6M | — |
总债务LIIPLUS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | — | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益LIIPLUS
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $900.5M | $1.0B | ||
| Q1 25 | $852.5M | — | ||
| Q4 24 | $850.2M | $962.3M | ||
| Q3 24 | $754.0M | $947.0M | ||
| Q2 24 | $577.4M | $921.9M | ||
| Q1 24 | $368.8M | — |
总资产LIIPLUS
| Q4 25 | $4.1B | $1.8B | ||
| Q3 25 | $3.5B | $1.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | $1.8B | ||
| Q3 24 | $3.3B | $1.7B | ||
| Q2 24 | $3.2B | $1.7B | ||
| Q1 24 | $3.0B | — |
负债/权益比LIIPLUS
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | 3.13× | — |
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 | $405.9M | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | — |
| 自由现金流率自由现金流/营收 | 31.5% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | 2.50× | -2.49× |
| 过去12个月自由现金流最近4个季度 | $638.8M | — |
8季度趋势，按日历期对齐
经营现金流LIIPLUS
| Q4 25 | $405.9M | $-87.4M | ||
| Q3 25 | $300.7M | $-34.8M | ||
| Q2 25 | $86.8M | $-99.0M | ||
| Q1 25 | $-35.8M | — | ||
| Q4 24 | $332.4M | $65.7M | ||
| Q3 24 | $452.1M | $-21.6M | ||
| Q2 24 | $184.0M | $97.1M | ||
| Q1 24 | $-22.8M | — |
自由现金流LIIPLUS
| Q4 25 | $376.7M | — | ||
| Q3 25 | $265.1M | — | ||
| Q2 25 | $58.3M | — | ||
| Q1 25 | $-61.3M | — | ||
| Q4 24 | $272.2M | — | ||
| Q3 24 | $410.9M | — | ||
| Q2 24 | $151.3M | — | ||
| Q1 24 | $-52.3M | — |
自由现金流率LIIPLUS
| Q4 25 | 31.5% | — | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | -5.7% | — | ||
| Q4 24 | 20.2% | — | ||
| Q3 24 | 27.4% | — | ||
| Q2 24 | 10.4% | — | ||
| Q1 24 | -5.0% | — |
资本支出强度LIIPLUS
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 2.8% | — |
现金转化率LIIPLUS
| Q4 25 | 2.50× | -2.49× | ||
| Q3 25 | 1.22× | -1.00× | ||
| Q2 25 | 0.31× | -2.63× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 1.68× | 2.72× | ||
| Q3 24 | 1.89× | -0.69× | ||
| Q2 24 | 0.75× | 3.55× | ||
| Q1 24 | -0.18× | — |
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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
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% |
