vs
迈心诺（MASI）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的季度营收约是迈心诺的1.7倍（$614.8M vs $371.5M），EPLUS INC净利率更高（5.7% vs -27.0%，领先32.7%），EPLUS INC同比增速更快（20.3% vs -26.4%），过去两年EPLUS INC的营收复合增速更高（2.3% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
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。
MASI vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.7倍
$371.5M
营收增速更快
PLUS
高出46.7%
-26.4%
净利率更高
PLUS
高出32.7%
-27.0%
两年增速更快
PLUS
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $614.8M |
| 净利润 | $-100.4M | $35.1M |
| 毛利率 | 62.1% | 25.8% |
| 营业利润率 | 22.5% | 7.1% |
| 净利率 | -27.0% | 5.7% |
| 营收同比 | -26.4% | 20.3% |
| 净利润同比 | -1124.5% | 45.2% |
| 每股收益（稀释后） | $-1.84 | $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MASIPLUS
| Q4 25 | — | $614.8M | ||
| Q3 25 | $371.5M | $608.8M | ||
| Q2 25 | $370.9M | $637.3M | ||
| Q1 25 | $372.0M | — | ||
| Q4 24 | $600.7M | $493.2M | ||
| Q3 24 | $504.6M | $493.4M | ||
| Q2 24 | $496.3M | $535.7M | ||
| Q1 24 | $492.8M | — |
净利润MASIPLUS
| Q4 25 | — | $35.1M | ||
| Q3 25 | $-100.4M | $34.9M | ||
| Q2 25 | $51.3M | $37.7M | ||
| Q1 25 | $-170.7M | — | ||
| Q4 24 | $-349.6M | $24.1M | ||
| Q3 24 | $9.8M | $31.3M | ||
| Q2 24 | $16.0M | $27.3M | ||
| Q1 24 | $18.9M | — |
毛利率MASIPLUS
| Q4 25 | — | 25.8% | ||
| Q3 25 | 62.1% | 26.6% | ||
| Q2 25 | 62.9% | 23.3% | ||
| Q1 25 | 62.9% | — | ||
| Q4 24 | 40.7% | 25.4% | ||
| Q3 24 | 52.2% | 25.8% | ||
| Q2 24 | 51.3% | 23.7% | ||
| Q1 24 | 49.0% | — |
营业利润率MASIPLUS
| Q4 25 | — | 7.1% | ||
| Q3 25 | 22.5% | 8.0% | ||
| Q2 25 | 17.4% | 5.7% | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | -59.8% | 3.3% | ||
| Q3 24 | 6.0% | 5.5% | ||
| Q2 24 | 5.7% | 5.9% | ||
| Q1 24 | 6.9% | — |
净利率MASIPLUS
| Q4 25 | — | 5.7% | ||
| Q3 25 | -27.0% | 5.7% | ||
| Q2 25 | 13.8% | 5.9% | ||
| Q1 25 | -45.9% | — | ||
| Q4 24 | -58.2% | 4.9% | ||
| Q3 24 | 1.9% | 6.3% | ||
| Q2 24 | 3.2% | 5.1% | ||
| Q1 24 | 3.8% | — |
每股收益（稀释后）MASIPLUS
| Q4 25 | — | $1.33 | ||
| Q3 25 | $-1.84 | $1.32 | ||
| Q2 25 | $0.94 | $1.43 | ||
| Q1 25 | $-3.12 | — | ||
| Q4 24 | $-6.54 | $0.91 | ||
| Q3 24 | $0.18 | $1.17 | ||
| Q2 24 | $0.29 | $1.02 | ||
| Q1 24 | $0.35 | — |
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 | $312.3M | $326.3M |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | $1.1B |
| 总资产 | $1.8B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASIPLUS
| Q4 25 | — | $326.3M | ||
| Q3 25 | $312.3M | $402.2M | ||
| Q2 25 | $149.6M | $480.2M | ||
| Q1 25 | $130.8M | — | ||
| Q4 24 | $177.6M | $253.1M | ||
| Q3 24 | $158.5M | $187.5M | ||
| Q2 24 | $129.6M | $349.9M | ||
| Q1 24 | $157.6M | — |
总债务MASIPLUS
| Q4 25 | — | — | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
股东权益MASIPLUS
| Q4 25 | — | $1.1B | ||
| Q3 25 | $810.0M | $1.0B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $946.4M | — | ||
| Q4 24 | $1.1B | $962.3M | ||
| Q3 24 | $1.5B | $947.0M | ||
| Q2 24 | $1.4B | $921.9M | ||
| Q1 24 | $1.4B | — |
总资产MASIPLUS
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $2.9B | $1.7B | ||
| Q1 24 | $3.0B | — |
负债/权益比MASIPLUS
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $56.8M | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | — |
| 自由现金流率自由现金流/营收 | 13.7% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 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 | $191.0M | — |
8季度趋势，按日历期对齐
经营现金流MASIPLUS
| Q4 25 | — | $-87.4M | ||
| Q3 25 | $56.8M | $-34.8M | ||
| Q2 25 | $69.4M | $-99.0M | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $50.5M | $65.7M | ||
| Q3 24 | $25.6M | $-21.6M | ||
| Q2 24 | $74.5M | $97.1M | ||
| Q1 24 | $45.8M | — |
自由现金流MASIPLUS
| Q4 25 | — | — | ||
| Q3 25 | $50.9M | — | ||
| Q2 25 | $65.6M | — | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $46.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $37.6M | — |
自由现金流率MASIPLUS
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 7.6% | — |
资本支出强度MASIPLUS
| Q4 25 | — | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.7% | — |
现金转化率MASIPLUS
| Q4 25 | — | -2.49× | ||
| Q3 25 | — | -1.00× | ||
| Q2 25 | 1.35× | -2.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.72× | ||
| Q3 24 | 2.61× | -0.69× | ||
| Q2 24 | 4.66× | 3.55× | ||
| Q1 24 | 2.42× | — |
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
MASI
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% |
