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EPLUS INC（PLUS）与RAYONIER ADVANCED MATERIALS INC.（RYAM）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RAYONIER ADVANCED MATERIALS INC.的1.5倍（$614.8M vs $417.5M），EPLUS INC净利率更高（5.7% vs -5.0%，领先10.7%），EPLUS INC同比增速更快（20.3% vs -1.2%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% 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。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
PLUS vs RYAM — 直观对比
营收规模更大
PLUS
是对方的1.5倍
$417.5M
营收增速更快
PLUS
高出21.5%
-1.2%
净利率更高
PLUS
高出10.7%
-5.0%
两年增速更快
RYAM
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $417.5M |
| 净利润 | $35.1M | $-21.1M |
| 毛利率 | 25.8% | 8.9% |
| 营业利润率 | 7.1% | 2.6% |
| 净利率 | 5.7% | -5.0% |
| 营收同比 | 20.3% | -1.2% |
| 净利润同比 | 45.2% | -31.9% |
| 每股收益（稀释后） | $1.33 | $-0.33 |
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PLUSRYAM
| Q4 25 | $614.8M | $417.5M | ||
| Q3 25 | $608.8M | $352.8M | ||
| Q2 25 | $637.3M | $340.0M | ||
| Q1 25 | — | $356.0M | ||
| Q4 24 | $493.2M | $422.5M | ||
| Q3 24 | $493.4M | $401.1M | ||
| Q2 24 | $535.7M | $419.0M | ||
| Q1 24 | — | $387.7M |
净利润PLUSRYAM
| Q4 25 | $35.1M | $-21.1M | ||
| Q3 25 | $34.9M | $-4.5M | ||
| Q2 25 | $37.7M | $-363.2M | ||
| Q1 25 | — | $-32.0M | ||
| Q4 24 | $24.1M | $-16.0M | ||
| Q3 24 | $31.3M | $-32.6M | ||
| Q2 24 | $27.3M | $11.4M | ||
| Q1 24 | — | $-1.6M |
毛利率PLUSRYAM
| Q4 25 | 25.8% | 8.9% | ||
| Q3 25 | 26.6% | 9.7% | ||
| Q2 25 | 23.3% | 7.0% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | 25.4% | 8.7% | ||
| Q3 24 | 25.8% | 10.9% | ||
| Q2 24 | 23.7% | 11.5% | ||
| Q1 24 | — | 9.5% |
营业利润率PLUSRYAM
| Q4 25 | 7.1% | 2.6% | ||
| Q3 25 | 8.0% | 2.8% | ||
| Q2 25 | 5.7% | -0.4% | ||
| Q1 25 | — | -4.2% | ||
| Q4 24 | 3.3% | 2.6% | ||
| Q3 24 | 5.5% | -4.2% | ||
| Q2 24 | 5.9% | 6.7% | ||
| Q1 24 | — | 4.4% |
净利率PLUSRYAM
| Q4 25 | 5.7% | -5.0% | ||
| Q3 25 | 5.7% | -1.3% | ||
| Q2 25 | 5.9% | -106.8% | ||
| Q1 25 | — | -9.0% | ||
| Q4 24 | 4.9% | -3.8% | ||
| Q3 24 | 6.3% | -8.1% | ||
| Q2 24 | 5.1% | 2.7% | ||
| Q1 24 | — | -0.4% |
每股收益（稀释后）PLUSRYAM
| Q4 25 | $1.33 | $-0.33 | ||
| Q3 25 | $1.32 | $-0.07 | ||
| Q2 25 | $1.43 | $-5.44 | ||
| Q1 25 | — | $-0.49 | ||
| Q4 24 | $0.91 | $-0.25 | ||
| Q3 24 | $1.17 | $-0.49 | ||
| Q2 24 | $1.02 | $0.17 | ||
| Q1 24 | — | $-0.02 |
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 | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $1.1B | $316.6M |
| 总资产 | $1.8B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资PLUSRYAM
| Q4 25 | $326.3M | $75.4M | ||
| Q3 25 | $402.2M | $77.0M | ||
| Q2 25 | $480.2M | $70.7M | ||
| Q1 25 | — | $129.9M | ||
| Q4 24 | $253.1M | $125.2M | ||
| Q3 24 | $187.5M | $136.1M | ||
| Q2 24 | $349.9M | $114.1M | ||
| Q1 24 | — | $54.6M |
总债务PLUSRYAM
| Q4 25 | — | $758.1M | ||
| Q3 25 | — | $763.5M | ||
| Q2 25 | — | $720.4M | ||
| Q1 25 | — | $707.0M | ||
| Q4 24 | — | $706.4M | ||
| Q3 24 | — | $747.7M | ||
| Q2 24 | — | $752.8M | ||
| Q1 24 | — | $755.6M |
股东权益PLUSRYAM
| Q4 25 | $1.1B | $316.6M | ||
| Q3 25 | $1.0B | $338.2M | ||
| Q2 25 | $1.0B | $342.3M | ||
| Q1 25 | — | $688.1M | ||
| Q4 24 | $962.3M | $713.9M | ||
| Q3 24 | $947.0M | $732.7M | ||
| Q2 24 | $921.9M | $755.1M | ||
| Q1 24 | — | $741.8M |
总资产PLUSRYAM
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.7B | $2.2B | ||
| Q2 24 | $1.7B | $2.2B | ||
| Q1 24 | — | $2.1B |
负债/权益比PLUSRYAM
| Q4 25 | — | 2.39× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.02× |
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 | $32.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流PLUSRYAM
| Q4 25 | $-87.4M | $32.3M | ||
| Q3 25 | $-34.8M | $-17.8M | ||
| Q2 25 | $-99.0M | $-30.2M | ||
| Q1 25 | — | $39.6M | ||
| Q4 24 | $65.7M | $54.9M | ||
| Q3 24 | $-21.6M | $49.8M | ||
| Q2 24 | $97.1M | $87.6M | ||
| Q1 24 | — | $11.3M |
现金转化率PLUSRYAM
| Q4 25 | -2.49× | — | ||
| Q3 25 | -1.00× | — | ||
| Q2 25 | -2.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.72× | — | ||
| Q3 24 | -0.69× | — | ||
| Q2 24 | 3.55× | 7.69× | ||
| 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% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
