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EPLUS INC（PLUS）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是EPLUS INC的2.0倍（$1.2B vs $614.8M），利氏兄弟拍卖行净利率更高（9.1% vs 5.7%，领先3.4%），EPLUS INC同比增速更快（20.3% vs 5.4%），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 2.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
PLUS vs RBA — 直观对比
营收规模更大
RBA
是对方的2.0倍
$614.8M
营收增速更快
PLUS
高出14.9%
5.4%
净利率更高
RBA
高出3.4%
5.7%
两年增速更快
RBA
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $1.2B |
| 净利润 | $35.1M | $109.7M |
| 毛利率 | 25.8% | — |
| 营业利润率 | 7.1% | 14.7% |
| 净利率 | 5.7% | 9.1% |
| 营收同比 | 20.3% | 5.4% |
| 净利润同比 | 45.2% | -7.4% |
| 每股收益（稀释后） | $1.33 | $0.53 |
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PLUSRBA
| Q4 25 | $614.8M | $1.2B | ||
| Q3 25 | $608.8M | $1.1B | ||
| Q2 25 | $637.3M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $493.2M | $1.1B | ||
| Q3 24 | $493.4M | $981.8M | ||
| Q2 24 | $535.7M | $1.1B | ||
| Q1 24 | — | $1.1B |
净利润PLUSRBA
| Q4 25 | $35.1M | $109.7M | ||
| Q3 25 | $34.9M | $95.5M | ||
| Q2 25 | $37.7M | $109.8M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | $24.1M | $118.5M | ||
| Q3 24 | $31.3M | $76.1M | ||
| Q2 24 | $27.3M | $111.1M | ||
| Q1 24 | — | $107.4M |
毛利率PLUSRBA
| 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PLUSRBA
| Q4 25 | 7.1% | 14.7% | ||
| Q3 25 | 8.0% | 14.5% | ||
| Q2 25 | 5.7% | 15.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | 3.3% | 18.1% | ||
| Q3 24 | 5.5% | 15.6% | ||
| Q2 24 | 5.9% | 18.4% | ||
| Q1 24 | — | 18.7% |
净利率PLUSRBA
| Q4 25 | 5.7% | 9.1% | ||
| Q3 25 | 5.7% | 8.7% | ||
| Q2 25 | 5.9% | 9.3% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | 4.9% | 10.4% | ||
| Q3 24 | 6.3% | 7.8% | ||
| Q2 24 | 5.1% | 10.1% | ||
| Q1 24 | — | 10.1% |
每股收益（稀释后）PLUSRBA
| Q4 25 | $1.33 | $0.53 | ||
| Q3 25 | $1.32 | $0.43 | ||
| Q2 25 | $1.43 | $0.53 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | $0.91 | $0.58 | ||
| Q3 24 | $1.17 | $0.36 | ||
| Q2 24 | $1.02 | $0.54 | ||
| Q1 24 | — | $0.53 |
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 | $326.3M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $1.1B | $5.6B |
| 总资产 | $1.8B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资PLUSRBA
| Q4 25 | $326.3M | $531.5M | ||
| Q3 25 | $402.2M | $674.7M | ||
| Q2 25 | $480.2M | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | $253.1M | $533.9M | ||
| Q3 24 | $187.5M | $650.7M | ||
| Q2 24 | $349.9M | $599.5M | ||
| Q1 24 | — | $462.8M |
总债务PLUSRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益PLUSRBA
| Q4 25 | $1.1B | $5.6B | ||
| Q3 25 | $1.0B | $5.5B | ||
| Q2 25 | $1.0B | $5.5B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $962.3M | $5.2B | ||
| Q3 24 | $947.0M | $5.2B | ||
| Q2 24 | $921.9M | $5.2B | ||
| Q1 24 | — | $5.1B |
总资产PLUSRBA
| Q4 25 | $1.8B | $12.1B | ||
| Q3 25 | $1.8B | $12.2B | ||
| Q2 25 | $1.8B | $12.2B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | $1.8B | $11.8B | ||
| Q3 24 | $1.7B | $11.9B | ||
| Q2 24 | $1.7B | $12.1B | ||
| Q1 24 | — | $12.0B |
负债/权益比PLUSRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $-87.4M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | — | $186.5M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 5.7% |
| 现金转化率经营现金流/净利润 | -2.49× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流PLUSRBA
| Q4 25 | $-87.4M | $255.2M | ||
| Q3 25 | $-34.8M | $239.7M | ||
| Q2 25 | $-99.0M | $326.5M | ||
| Q1 25 | — | $156.8M | ||
| Q4 24 | $65.7M | $184.5M | ||
| Q3 24 | $-21.6M | $285.4M | ||
| Q2 24 | $97.1M | $337.3M | ||
| Q1 24 | — | $124.8M |
自由现金流PLUSRBA
| Q4 25 | — | $186.5M | ||
| Q3 25 | — | $188.5M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M | ||
| Q1 24 | — | $79.6M |
自由现金流率PLUSRBA
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 7.5% |
资本支出强度PLUSRBA
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 4.2% |
现金转化率PLUSRBA
| Q4 25 | -2.49× | 2.33× | ||
| Q3 25 | -1.00× | 2.51× | ||
| Q2 25 | -2.63× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | 2.72× | 1.56× | ||
| Q3 24 | -0.69× | 3.75× | ||
| Q2 24 | 3.55× | 3.04× | ||
| Q1 24 | — | 1.16× |
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
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
