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EPLUS INC（PLUS）与RBC Bearings INC（RBC）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RBC Bearings INC的1.3倍（$614.8M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 5.7%，领先8.9%），EPLUS INC同比增速更快（20.3% vs 17.0%），过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
PLUS vs RBC — 直观对比
营收规模更大
PLUS
是对方的1.3倍
$461.6M
营收增速更快
PLUS
高出3.3%
17.0%
净利率更高
RBC
高出8.9%
5.7%
两年增速更快
RBC
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $461.6M |
| 净利润 | $35.1M | $67.4M |
| 毛利率 | 25.8% | 44.3% |
| 营业利润率 | 7.1% | 22.3% |
| 净利率 | 5.7% | 14.6% |
| 营收同比 | 20.3% | 17.0% |
| 净利润同比 | 45.2% | 16.4% |
| 每股收益（稀释后） | $1.33 | $2.13 |
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PLUSRBC
| Q4 25 | $614.8M | $461.6M | ||
| Q3 25 | $608.8M | $455.3M | ||
| Q2 25 | $637.3M | $436.0M | ||
| Q1 25 | — | $437.7M | ||
| Q4 24 | $493.2M | $394.4M | ||
| Q3 24 | $493.4M | $397.9M | ||
| Q2 24 | $535.7M | $406.3M | ||
| Q1 24 | — | $413.7M |
净利润PLUSRBC
| Q4 25 | $35.1M | $67.4M | ||
| Q3 25 | $34.9M | $60.0M | ||
| Q2 25 | $37.7M | $68.5M | ||
| Q1 25 | — | $72.7M | ||
| Q4 24 | $24.1M | $57.9M | ||
| Q3 24 | $31.3M | $54.2M | ||
| Q2 24 | $27.3M | $61.4M | ||
| Q1 24 | — | — |
毛利率PLUSRBC
| Q4 25 | 25.8% | 44.3% | ||
| Q3 25 | 26.6% | 44.1% | ||
| Q2 25 | 23.3% | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | 25.4% | 44.3% | ||
| Q3 24 | 25.8% | 43.7% | ||
| Q2 24 | 23.7% | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率PLUSRBC
| Q4 25 | 7.1% | 22.3% | ||
| Q3 25 | 8.0% | 21.5% | ||
| Q2 25 | 5.7% | 23.2% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | 3.3% | 21.7% | ||
| Q3 24 | 5.5% | 21.6% | ||
| Q2 24 | 5.9% | 24.0% | ||
| Q1 24 | — | 22.8% |
净利率PLUSRBC
| Q4 25 | 5.7% | 14.6% | ||
| Q3 25 | 5.7% | 13.2% | ||
| Q2 25 | 5.9% | 15.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | 4.9% | 14.7% | ||
| Q3 24 | 6.3% | 13.6% | ||
| Q2 24 | 5.1% | 15.1% | ||
| Q1 24 | — | — |
每股收益（稀释后）PLUSRBC
| Q4 25 | $1.33 | $2.13 | ||
| Q3 25 | $1.32 | $1.90 | ||
| Q2 25 | $1.43 | $2.17 | ||
| Q1 25 | — | $2.33 | ||
| Q4 24 | $0.91 | $1.82 | ||
| Q3 24 | $1.17 | $1.65 | ||
| Q2 24 | $1.02 | $1.90 | ||
| Q1 24 | — | $1.92 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.1B | $3.3B |
| 总资产 | $1.8B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资PLUSRBC
| Q4 25 | $326.3M | $107.6M | ||
| Q3 25 | $402.2M | $91.2M | ||
| Q2 25 | $480.2M | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | $253.1M | — | ||
| Q3 24 | $187.5M | — | ||
| Q2 24 | $349.9M | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务PLUSRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益PLUSRBC
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.0B | $3.2B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $962.3M | $2.9B | ||
| Q3 24 | $947.0M | $2.9B | ||
| Q2 24 | $921.9M | $2.8B | ||
| Q1 24 | — | $2.8B |
总资产PLUSRBC
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $1.8B | $4.8B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | $1.8B | $4.7B | ||
| Q3 24 | $1.7B | $4.7B | ||
| Q2 24 | $1.7B | $4.7B | ||
| Q1 24 | — | $4.7B |
负债/权益比PLUSRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | -2.49× | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PLUSRBC
| Q4 25 | $-87.4M | $122.1M | ||
| Q3 25 | $-34.8M | $88.4M | ||
| Q2 25 | $-99.0M | $120.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | $65.7M | $84.0M | ||
| Q3 24 | $-21.6M | — | ||
| Q2 24 | $97.1M | $97.4M | ||
| Q1 24 | — | — |
自由现金流PLUSRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率PLUSRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度PLUSRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率PLUSRBC
| Q4 25 | -2.49× | 1.81× | ||
| Q3 25 | -1.00× | 1.47× | ||
| Q2 25 | -2.63× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.72× | 1.45× | ||
| Q3 24 | -0.69× | — | ||
| Q2 24 | 3.55× | 1.59× | ||
| Q1 24 | — | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
