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摩丁制造（MOD）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是EPLUS INC的1.3倍（$805.0M vs $614.8M），EPLUS INC净利率更高（5.7% vs -5.9%，领先11.6%），摩丁制造同比增速更快（30.5% vs 20.3%），过去两年摩丁制造的营收复合增速更高（15.5% vs 2.3%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs PLUS — 直观对比
营收规模更大
MOD
是对方的1.3倍
$614.8M
营收增速更快
MOD
高出10.2%
20.3%
净利率更高
PLUS
高出11.6%
-5.9%
两年增速更快
MOD
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $614.8M |
| 净利润 | $-47.4M | $35.1M |
| 毛利率 | 23.1% | 25.8% |
| 营业利润率 | 11.1% | 7.1% |
| 净利率 | -5.9% | 5.7% |
| 营收同比 | 30.5% | 20.3% |
| 净利润同比 | -215.6% | 45.2% |
| 每股收益（稀释后） | $-0.90 | $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MODPLUS
| Q4 25 | $805.0M | $614.8M | ||
| Q3 25 | $738.9M | $608.8M | ||
| Q2 25 | $682.8M | $637.3M | ||
| Q1 25 | $647.2M | — | ||
| Q4 24 | $616.8M | $493.2M | ||
| Q3 24 | $658.0M | $493.4M | ||
| Q2 24 | $661.5M | $535.7M | ||
| Q1 24 | $603.5M | — |
净利润MODPLUS
| Q4 25 | $-47.4M | $35.1M | ||
| Q3 25 | $44.4M | $34.9M | ||
| Q2 25 | $51.2M | $37.7M | ||
| Q1 25 | $49.6M | — | ||
| Q4 24 | $41.0M | $24.1M | ||
| Q3 24 | $46.1M | $31.3M | ||
| Q2 24 | $47.3M | $27.3M | ||
| Q1 24 | $25.8M | — |
毛利率MODPLUS
| Q4 25 | 23.1% | 25.8% | ||
| Q3 25 | 22.3% | 26.6% | ||
| Q2 25 | 24.2% | 23.3% | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 24.3% | 25.4% | ||
| Q3 24 | 25.2% | 25.8% | ||
| Q2 24 | 24.6% | 23.7% | ||
| Q1 24 | 22.4% | — |
营业利润率MODPLUS
| Q4 25 | 11.1% | 7.1% | ||
| Q3 25 | 9.9% | 8.0% | ||
| Q2 25 | 11.1% | 5.7% | ||
| Q1 25 | 11.5% | — | ||
| Q4 24 | 9.6% | 3.3% | ||
| Q3 24 | 11.4% | 5.5% | ||
| Q2 24 | 11.2% | 5.9% | ||
| Q1 24 | 7.8% | — |
净利率MODPLUS
| Q4 25 | -5.9% | 5.7% | ||
| Q3 25 | 6.0% | 5.7% | ||
| Q2 25 | 7.5% | 5.9% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 6.6% | 4.9% | ||
| Q3 24 | 7.0% | 6.3% | ||
| Q2 24 | 7.2% | 5.1% | ||
| Q1 24 | 4.3% | — |
每股收益（稀释后）MODPLUS
| Q4 25 | $-0.90 | $1.33 | ||
| Q3 25 | $0.83 | $1.32 | ||
| Q2 25 | $0.95 | $1.43 | ||
| Q1 25 | $0.92 | — | ||
| Q4 24 | $0.76 | $0.91 | ||
| Q3 24 | $0.86 | $1.17 | ||
| Q2 24 | $0.88 | $1.02 | ||
| Q1 24 | $0.48 | — |
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 | $98.7M | $326.3M |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $1.1B |
| 总资产 | $2.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODPLUS
| Q4 25 | $98.7M | $326.3M | ||
| Q3 25 | $83.8M | $402.2M | ||
| Q2 25 | $124.5M | $480.2M | ||
| Q1 25 | $71.6M | — | ||
| Q4 24 | $83.8M | $253.1M | ||
| Q3 24 | $78.6M | $187.5M | ||
| Q2 24 | $72.9M | $349.9M | ||
| Q1 24 | $60.1M | — |
总债务MODPLUS
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
股东权益MODPLUS
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $910.2M | — | ||
| Q4 24 | $855.1M | $962.3M | ||
| Q3 24 | $858.8M | $947.0M | ||
| Q2 24 | $788.4M | $921.9M | ||
| Q1 24 | $747.6M | — |
总资产MODPLUS
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.9B | $1.7B | ||
| Q1 24 | $1.9B | — |
负债/权益比MODPLUS
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 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 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODPLUS
| Q4 25 | $24.7M | $-87.4M | ||
| Q3 25 | $1.4M | $-34.8M | ||
| Q2 25 | $27.7M | $-99.0M | ||
| Q1 25 | $54.8M | — | ||
| Q4 24 | $60.7M | $65.7M | ||
| Q3 24 | $57.3M | $-21.6M | ||
| Q2 24 | $40.5M | $97.1M | ||
| Q1 24 | $39.6M | — |
自由现金流MODPLUS
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | — |
自由现金流率MODPLUS
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | — |
资本支出强度MODPLUS
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 7.3% | — |
现金转化率MODPLUS
| Q4 25 | — | -2.49× | ||
| Q3 25 | 0.03× | -1.00× | ||
| Q2 25 | 0.54× | -2.63× | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | 2.72× | ||
| Q3 24 | 1.24× | -0.69× | ||
| Q2 24 | 0.86× | 3.55× | ||
| Q1 24 | 1.53× | — |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
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% |
