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OPPENHEIMER HOLDINGS INC（OPY）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OPPENHEIMER HOLDINGS INC的1.3倍（$614.8M vs $472.6M），OPPENHEIMER HOLDINGS INC净利率更高（15.7% vs 5.7%，领先10.0%），OPPENHEIMER HOLDINGS INC同比增速更快（25.9% vs 20.3%），过去两年OPPENHEIMER HOLDINGS INC的营收复合增速更高（15.7% vs 2.3%）
奥本海默控股是一家美国跨国独立投资银行与金融服务企业，面向全球客户提供投资银行、财务咨询、资本市场、资产管理及财富管理等相关产品与服务，目前总部设于纽约市宽街85号。
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。
OPY vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.3倍
$472.6M
营收增速更快
OPY
高出5.6%
20.3%
净利率更高
OPY
高出10.0%
5.7%
两年增速更快
OPY
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.6M | $614.8M |
| 净利润 | $74.4M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | 22.4% | 7.1% |
| 净利率 | 15.7% | 5.7% |
| 营收同比 | 25.9% | 20.3% |
| 净利润同比 | 593.1% | 45.2% |
| 每股收益（稀释后） | $6.51 | $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OPYPLUS
| Q4 25 | $472.6M | $614.8M | ||
| Q3 25 | $424.4M | $608.8M | ||
| Q2 25 | $373.2M | $637.3M | ||
| Q1 25 | $367.8M | — | ||
| Q4 24 | $375.4M | $493.2M | ||
| Q3 24 | $373.4M | $493.4M | ||
| Q2 24 | $330.6M | $535.7M | ||
| Q1 24 | $353.1M | — |
净利润OPYPLUS
| Q4 25 | $74.4M | $35.1M | ||
| Q3 25 | $21.7M | $34.9M | ||
| Q2 25 | $21.7M | $37.7M | ||
| Q1 25 | $30.7M | — | ||
| Q4 24 | $10.7M | $24.1M | ||
| Q3 24 | $24.5M | $31.3M | ||
| Q2 24 | $10.3M | $27.3M | ||
| Q1 24 | $26.1M | — |
毛利率OPYPLUS
| 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OPYPLUS
| Q4 25 | 22.4% | 7.1% | ||
| Q3 25 | 7.5% | 8.0% | ||
| Q2 25 | 8.6% | 5.7% | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 4.5% | 3.3% | ||
| Q3 24 | 9.5% | 5.5% | ||
| Q2 24 | 4.8% | 5.9% | ||
| Q1 24 | 10.6% | — |
净利率OPYPLUS
| Q4 25 | 15.7% | 5.7% | ||
| Q3 25 | 5.1% | 5.7% | ||
| Q2 25 | 5.8% | 5.9% | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 2.9% | 4.9% | ||
| Q3 24 | 6.6% | 6.3% | ||
| Q2 24 | 3.1% | 5.1% | ||
| Q1 24 | 7.4% | — |
每股收益（稀释后）OPYPLUS
| Q4 25 | $6.51 | $1.33 | ||
| Q3 25 | $1.90 | $1.32 | ||
| Q2 25 | $1.91 | $1.43 | ||
| Q1 25 | $2.72 | — | ||
| Q4 24 | $0.92 | $0.91 | ||
| Q3 24 | $2.16 | $1.17 | ||
| Q2 24 | $0.92 | $1.02 | ||
| Q1 24 | $2.37 | — |
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 | $38.4M | $326.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $983.8M | $1.1B |
| 总资产 | $3.7B | $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OPYPLUS
| Q4 25 | $38.4M | $326.3M | ||
| Q3 25 | $38.3M | $402.2M | ||
| Q2 25 | $37.6M | $480.2M | ||
| Q1 25 | $36.7M | — | ||
| Q4 24 | $33.1M | $253.1M | ||
| Q3 24 | $32.2M | $187.5M | ||
| Q2 24 | $33.2M | $349.9M | ||
| Q1 24 | $27.7M | — |
总债务OPYPLUS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $112.8M | — | ||
| Q2 24 | $112.8M | — | ||
| Q1 24 | $112.7M | — |
股东权益OPYPLUS
| Q4 25 | $983.8M | $1.1B | ||
| Q3 25 | $920.3M | $1.0B | ||
| Q2 25 | $896.9M | $1.0B | ||
| Q1 25 | $872.3M | — | ||
| Q4 24 | $850.4M | $962.3M | ||
| Q3 24 | $837.8M | $947.0M | ||
| Q2 24 | $812.1M | $921.9M | ||
| Q1 24 | $801.5M | — |
总资产OPYPLUS
| Q4 25 | $3.7B | $1.8B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.4B | $1.8B | ||
| Q3 24 | $3.4B | $1.7B | ||
| Q2 24 | $3.3B | $1.7B | ||
| Q1 24 | $3.3B | — |
负债/权益比OPYPLUS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.14× | — |
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 | $188.8M | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $183.6M | — |
| 自由现金流率自由现金流/营收 | 38.8% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 2.54× | -2.49× |
| 过去12个月自由现金流最近4个季度 | $191.3M | — |
8季度趋势，按日历期对齐
经营现金流OPYPLUS
| Q4 25 | $188.8M | $-87.4M | ||
| Q3 25 | $63.4M | $-34.8M | ||
| Q2 25 | $40.1M | $-99.0M | ||
| Q1 25 | $-91.7M | — | ||
| Q4 24 | $-108.2M | $65.7M | ||
| Q3 24 | $11.4M | $-21.6M | ||
| Q2 24 | $-115.3M | $97.1M | ||
| Q1 24 | $-79.0M | — |
自由现金流OPYPLUS
| Q4 25 | $183.6M | — | ||
| Q3 25 | $62.2M | — | ||
| Q2 25 | $38.9M | — | ||
| Q1 25 | $-93.4M | — | ||
| Q4 24 | $-113.3M | — | ||
| Q3 24 | $11.2M | — | ||
| Q2 24 | $-116.7M | — | ||
| Q1 24 | $-79.3M | — |
自由现金流率OPYPLUS
| Q4 25 | 38.8% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | -25.4% | — | ||
| Q4 24 | -30.2% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | -35.3% | — | ||
| Q1 24 | -22.5% | — |
资本支出强度OPYPLUS
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.1% | — |
现金转化率OPYPLUS
| Q4 25 | 2.54× | -2.49× | ||
| Q3 25 | 2.92× | -1.00× | ||
| Q2 25 | 1.85× | -2.63× | ||
| Q1 25 | -2.99× | — | ||
| Q4 24 | -10.08× | 2.72× | ||
| Q3 24 | 0.47× | -0.69× | ||
| Q2 24 | -11.23× | 3.55× | ||
| Q1 24 | -3.03× | — |
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
OPY
| Advisory Fees | $166.6M | 35% |
| Capital Markets Segment | $155.5M | 33% |
| Other | $57.2M | 12% |
| Commissions From Sales And Trading | $52.9M | 11% |
| Bank Deposit Sweep Income | $27.7M | 6% |
| Mutual Fund Income | $8.9M | 2% |
| Investment Banking Capital Markets | $3.3M | 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% |
