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PennyMac Financial Services, Inc.（PFSI）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PennyMac Financial Services, Inc.的1.1倍（$614.8M vs $538.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 5.7%，领先1746.8%），EPLUS INC同比增速更快（20.3% vs 14.4%），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% vs 2.3%）
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
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。
PFSI vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.1倍
$538.0M
营收增速更快
PLUS
高出5.9%
14.4%
净利率更高
PFSI
高出1746.8%
5.7%
两年增速更快
PFSI
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $538.0M | $614.8M |
| 净利润 | $106.8M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | 25.0% | 7.1% |
| 净利率 | 1752.5% | 5.7% |
| 营收同比 | 14.4% | 20.3% |
| 净利润同比 | 2.2% | 45.2% |
| 每股收益（稀释后） | $1.97 | $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PFSIPLUS
| Q4 25 | $538.0M | $614.8M | ||
| Q3 25 | $632.9M | $608.8M | ||
| Q2 25 | $444.7M | $637.3M | ||
| Q1 25 | $430.9M | — | ||
| Q4 24 | $470.1M | $493.2M | ||
| Q3 24 | $411.8M | $493.4M | ||
| Q2 24 | $406.1M | $535.7M | ||
| Q1 24 | $305.7M | — |
净利润PFSIPLUS
| Q4 25 | $106.8M | $35.1M | ||
| Q3 25 | $181.5M | $34.9M | ||
| Q2 25 | $136.5M | $37.7M | ||
| Q1 25 | $76.3M | — | ||
| Q4 24 | $104.5M | $24.1M | ||
| Q3 24 | $69.4M | $31.3M | ||
| Q2 24 | $98.3M | $27.3M | ||
| Q1 24 | $39.3M | — |
毛利率PFSIPLUS
| 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PFSIPLUS
| Q4 25 | 25.0% | 7.1% | ||
| Q3 25 | 37.3% | 8.0% | ||
| Q2 25 | 17.2% | 5.7% | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | 27.5% | 3.3% | ||
| Q3 24 | 22.8% | 5.5% | ||
| Q2 24 | 33.0% | 5.9% | ||
| Q1 24 | 14.4% | — |
净利率PFSIPLUS
| Q4 25 | 1752.5% | 5.7% | ||
| Q3 25 | 28.7% | 5.7% | ||
| Q2 25 | 30.7% | 5.9% | ||
| Q1 25 | 17.7% | — | ||
| Q4 24 | 2559.8% | 4.9% | ||
| Q3 24 | 16.8% | 6.3% | ||
| Q2 24 | 24.2% | 5.1% | ||
| Q1 24 | 12.9% | — |
每股收益（稀释后）PFSIPLUS
| Q4 25 | $1.97 | $1.33 | ||
| Q3 25 | $3.37 | $1.32 | ||
| Q2 25 | $2.54 | $1.43 | ||
| Q1 25 | $1.42 | — | ||
| Q4 24 | $1.95 | $0.91 | ||
| Q3 24 | $1.30 | $1.17 | ||
| Q2 24 | $1.85 | $1.02 | ||
| Q1 24 | $0.74 | — |
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 | $410.0M | $326.3M |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $4.3B | $1.1B |
| 总资产 | $29.4B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.45× | — |
8季度趋势，按日历期对齐
现金及短期投资PFSIPLUS
| Q4 25 | $410.0M | $326.3M | ||
| Q3 25 | $62.2M | $402.2M | ||
| Q2 25 | $462.3M | $480.2M | ||
| Q1 25 | $443.4M | — | ||
| Q4 24 | $420.6M | $253.1M | ||
| Q3 24 | $667.9M | $187.5M | ||
| Q2 24 | $188.8M | $349.9M | ||
| Q1 24 | $69.0K | — |
总债务PFSIPLUS
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.5B | — |
股东权益PFSIPLUS
| Q4 25 | $4.3B | $1.1B | ||
| Q3 25 | $4.2B | $1.0B | ||
| Q2 25 | $4.0B | $1.0B | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | $962.3M | ||
| Q3 24 | $3.7B | $947.0M | ||
| Q2 24 | $3.7B | $921.9M | ||
| Q1 24 | $3.6B | — |
总资产PFSIPLUS
| Q4 25 | $29.4B | $1.8B | ||
| Q3 25 | $25.4B | $1.8B | ||
| Q2 25 | $24.2B | $1.8B | ||
| Q1 25 | $23.9B | — | ||
| Q4 24 | $26.1B | $1.8B | ||
| Q3 24 | $22.9B | $1.7B | ||
| Q2 24 | $21.6B | $1.7B | ||
| Q1 24 | $19.8B | — |
负债/权益比PFSIPLUS
| Q4 25 | 1.45× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 1.27× | — |
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 | $-1.7B | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.7B | — |
| 自由现金流率自由现金流/营收 | -309.3% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | -15.46× | -2.49× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | — |
8季度趋势，按日历期对齐
经营现金流PFSIPLUS
| Q4 25 | $-1.7B | $-87.4M | ||
| Q3 25 | $-697.4M | $-34.8M | ||
| Q2 25 | $-131.3M | $-99.0M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $-4.5B | $65.7M | ||
| Q3 24 | $-393.7M | $-21.6M | ||
| Q2 24 | $-1.1B | $97.1M | ||
| Q1 24 | $-897.9M | — |
自由现金流PFSIPLUS
| Q4 25 | $-1.7B | — | ||
| Q3 25 | $-699.4M | — | ||
| Q2 25 | $-132.6M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $-4.5B | — | ||
| Q3 24 | $-393.9M | — | ||
| Q2 24 | $-1.1B | — | ||
| Q1 24 | $-898.9M | — |
自由现金流率PFSIPLUS
| Q4 25 | -309.3% | — | ||
| Q3 25 | -110.5% | — | ||
| Q2 25 | -29.8% | — | ||
| Q1 25 | 247.3% | — | ||
| Q4 24 | -964.7% | — | ||
| Q3 24 | -95.6% | — | ||
| Q2 24 | -269.2% | — | ||
| Q1 24 | -294.1% | — |
资本支出强度PFSIPLUS
| Q4 25 | 2.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.3% | — |
现金转化率PFSIPLUS
| Q4 25 | -15.46× | -2.49× | ||
| Q3 25 | -3.84× | -1.00× | ||
| Q2 25 | -0.96× | -2.63× | ||
| Q1 25 | 13.97× | — | ||
| Q4 24 | -43.39× | 2.72× | ||
| Q3 24 | -5.68× | -0.69× | ||
| Q2 24 | -11.12× | 3.55× | ||
| Q1 24 | -22.84× | — |
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
PFSI
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% |
