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EPLUS INC（PLUS）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是EPLUS INC的1.2倍（$766.5M vs $614.8M）。EPLUS INC净利率更高（5.7% vs 2.2%，领先3.5%）。EPLUS INC同比增速更快（20.3% vs 2.5%）。过去两年EPLUS INC的营收复合增速更高（2.3% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
PLUS vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.2倍
$614.8M
营收增速更快
PLUS
高出17.8%
2.5%
净利率更高
PLUS
高出3.5%
2.2%
两年增速更快
PLUS
近两年复合增速
0.9%
损益表 — Q3 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $766.5M |
| 净利润 | $35.1M | $16.5M |
| 毛利率 | 25.8% | 13.4% |
| 营业利润率 | 7.1% | 2.3% |
| 净利率 | 5.7% | 2.2% |
| 营收同比 | 20.3% | 2.5% |
| 净利润同比 | 45.2% | -3.3% |
| 每股收益（稀释后） | $1.33 | $0.75 |
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PLUSSCSC
| Q4 25 | $614.8M | $766.5M | ||
| Q3 25 | $608.8M | $739.6M | ||
| Q2 25 | $637.3M | $812.9M | ||
| Q1 25 | — | $704.8M | ||
| Q4 24 | $493.2M | $747.5M | ||
| Q3 24 | $493.4M | $775.6M | ||
| Q2 24 | $535.7M | $746.1M | ||
| Q1 24 | — | $752.6M |
净利润PLUSSCSC
| Q4 25 | $35.1M | $16.5M | ||
| Q3 25 | $34.9M | $19.9M | ||
| Q2 25 | $37.7M | $20.1M | ||
| Q1 25 | — | $17.4M | ||
| Q4 24 | $24.1M | $17.1M | ||
| Q3 24 | $31.3M | $17.0M | ||
| Q2 24 | $27.3M | $16.1M | ||
| Q1 24 | — | $12.8M |
毛利率PLUSSCSC
| Q4 25 | 25.8% | 13.4% | ||
| Q3 25 | 26.6% | 14.5% | ||
| Q2 25 | 23.3% | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | 25.4% | 13.6% | ||
| Q3 24 | 25.8% | 13.1% | ||
| Q2 24 | 23.7% | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率PLUSSCSC
| Q4 25 | 7.1% | 2.3% | ||
| Q3 25 | 8.0% | 3.5% | ||
| Q2 25 | 5.7% | 3.3% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | 3.3% | 2.5% | ||
| Q3 24 | 5.5% | 2.3% | ||
| Q2 24 | 5.9% | 2.9% | ||
| Q1 24 | — | 2.3% |
净利率PLUSSCSC
| Q4 25 | 5.7% | 2.2% | ||
| Q3 25 | 5.7% | 2.7% | ||
| Q2 25 | 5.9% | 2.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 4.9% | 2.3% | ||
| Q3 24 | 6.3% | 2.2% | ||
| Q2 24 | 5.1% | 2.2% | ||
| Q1 24 | — | 1.7% |
每股收益（稀释后）PLUSSCSC
| Q4 25 | $1.33 | $0.75 | ||
| Q3 25 | $1.32 | $0.89 | ||
| Q2 25 | $1.43 | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | $0.91 | $0.70 | ||
| Q3 24 | $1.17 | $0.69 | ||
| Q2 24 | $1.02 | $0.66 | ||
| Q1 24 | — | $0.50 |
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 | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $910.9M |
| 总资产 | $1.8B | $1.7B |
| 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PLUSSCSC
| Q4 25 | $326.3M | $83.5M | ||
| Q3 25 | $402.2M | $124.9M | ||
| Q2 25 | $480.2M | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | $253.1M | $110.5M | ||
| Q3 24 | $187.5M | $145.0M | ||
| Q2 24 | $349.9M | $185.5M | ||
| Q1 24 | — | $159.1M |
股东权益PLUSSCSC
| Q4 25 | $1.1B | $910.9M | ||
| Q3 25 | $1.0B | $914.0M | ||
| Q2 25 | $1.0B | $906.4M | ||
| Q1 25 | — | $901.7M | ||
| Q4 24 | $962.3M | $900.7M | ||
| Q3 24 | $947.0M | $920.9M | ||
| Q2 24 | $921.9M | $924.3M | ||
| Q1 24 | — | $944.1M |
总资产PLUSSCSC
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | — | $1.8B |
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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | -2.49× | 1.87× |
| 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PLUSSCSC
| Q4 25 | $-87.4M | $30.8M | ||
| Q3 25 | $-34.8M | $23.2M | ||
| Q2 25 | $-99.0M | — | ||
| Q1 25 | — | $66.1M | ||
| Q4 24 | $65.7M | $-6.2M | ||
| Q3 24 | $-21.6M | $44.8M | ||
| Q2 24 | $97.1M | — | ||
| Q1 24 | — | $160.2M |
自由现金流PLUSSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
自由现金流率PLUSSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
资本支出强度PLUSSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率PLUSSCSC
| Q4 25 | -2.49× | 1.87× | ||
| Q3 25 | -1.00× | 1.17× | ||
| Q2 25 | -2.63× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | 2.72× | -0.36× | ||
| Q3 24 | -0.69× | 2.64× | ||
| Q2 24 | 3.55× | — | ||
| Q1 24 | — | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
