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EPLUS INC（PLUS）与Snowflake Inc.（SNOW）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是EPLUS INC的2.0倍（$1.2B vs $614.8M），EPLUS INC净利率更高（5.7% vs -24.2%，领先29.9%），Snowflake Inc.同比增速更快（28.7% vs 20.3%），过去两年Snowflake Inc.的营收复合增速更高（25.1% 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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
PLUS vs SNOW — 直观对比
营收规模更大
SNOW
是对方的2.0倍
$614.8M
营收增速更快
SNOW
高出8.4%
20.3%
净利率更高
PLUS
高出29.9%
-24.2%
两年增速更快
SNOW
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $1.2B |
| 净利润 | $35.1M | $-294.0M |
| 毛利率 | 25.8% | 67.8% |
| 营业利润率 | 7.1% | -27.2% |
| 净利率 | 5.7% | -24.2% |
| 营收同比 | 20.3% | 28.7% |
| 净利润同比 | 45.2% | 9.4% |
| 每股收益（稀释后） | $1.33 | $-0.87 |
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PLUSSNOW
| Q4 25 | $614.8M | $1.2B | ||
| Q3 25 | $608.8M | $1.1B | ||
| Q2 25 | $637.3M | $1.0B | ||
| Q1 25 | — | $986.8M | ||
| Q4 24 | $493.2M | $942.1M | ||
| Q3 24 | $493.4M | $868.8M | ||
| Q2 24 | $535.7M | $828.7M | ||
| Q1 24 | — | $774.7M |
净利润PLUSSNOW
| Q4 25 | $35.1M | $-294.0M | ||
| Q3 25 | $34.9M | $-298.0M | ||
| Q2 25 | $37.7M | $-430.1M | ||
| Q1 25 | — | $-327.5M | ||
| Q4 24 | $24.1M | $-324.3M | ||
| Q3 24 | $31.3M | $-316.9M | ||
| Q2 24 | $27.3M | $-317.0M | ||
| Q1 24 | — | $-169.4M |
毛利率PLUSSNOW
| Q4 25 | 25.8% | 67.8% | ||
| Q3 25 | 26.6% | 67.5% | ||
| Q2 25 | 23.3% | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | 25.4% | 65.9% | ||
| Q3 24 | 25.8% | 66.8% | ||
| Q2 24 | 23.7% | 67.1% | ||
| Q1 24 | — | 68.8% |
营业利润率PLUSSNOW
| Q4 25 | 7.1% | -27.2% | ||
| Q3 25 | 8.0% | -29.7% | ||
| Q2 25 | 5.7% | -42.9% | ||
| Q1 25 | — | -39.2% | ||
| Q4 24 | 3.3% | -38.8% | ||
| Q3 24 | 5.5% | -40.9% | ||
| Q2 24 | 5.9% | -42.1% | ||
| Q1 24 | — | -35.6% |
净利率PLUSSNOW
| Q4 25 | 5.7% | -24.2% | ||
| Q3 25 | 5.7% | -26.0% | ||
| Q2 25 | 5.9% | -41.3% | ||
| Q1 25 | — | -33.2% | ||
| Q4 24 | 4.9% | -34.4% | ||
| Q3 24 | 6.3% | -36.5% | ||
| Q2 24 | 5.1% | -38.3% | ||
| Q1 24 | — | -21.9% |
每股收益（稀释后）PLUSSNOW
| Q4 25 | $1.33 | $-0.87 | ||
| Q3 25 | $1.32 | $-0.89 | ||
| Q2 25 | $1.43 | $-1.29 | ||
| Q1 25 | — | $-0.98 | ||
| Q4 24 | $0.91 | $-0.98 | ||
| Q3 24 | $1.17 | $-0.95 | ||
| Q2 24 | $1.02 | $-0.95 | ||
| Q1 24 | — | $-0.51 |
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 | $1.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $2.1B |
| 总资产 | $1.8B | $8.2B |
| 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PLUSSNOW
| Q4 25 | $326.3M | $1.9B | ||
| Q3 25 | $402.2M | $1.9B | ||
| Q2 25 | $480.2M | $2.2B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $253.1M | $2.1B | ||
| Q3 24 | $187.5M | $1.3B | ||
| Q2 24 | $349.9M | $1.3B | ||
| Q1 24 | — | $1.8B |
股东权益PLUSSNOW
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.0B | $2.4B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $962.3M | $2.9B | ||
| Q3 24 | $947.0M | $4.1B | ||
| Q2 24 | $921.9M | $4.6B | ||
| Q1 24 | — | $5.2B |
总资产PLUSSNOW
| Q4 25 | $1.8B | $8.2B | ||
| Q3 25 | $1.8B | $8.2B | ||
| Q2 25 | $1.8B | $8.2B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | $1.8B | $8.2B | ||
| Q3 24 | $1.7B | $6.9B | ||
| Q2 24 | $1.7B | $7.3B | ||
| Q1 24 | — | $8.2B |
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 | $137.5M |
| 自由现金流经营现金流 - 资本支出 | — | $113.6M |
| 自由现金流率自由现金流/营收 | — | 9.4% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 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 | — | $776.7M |
8季度趋势，按日历期对齐
经营现金流PLUSSNOW
| Q4 25 | $-87.4M | $137.5M | ||
| Q3 25 | $-34.8M | $74.9M | ||
| Q2 25 | $-99.0M | $228.4M | ||
| Q1 25 | — | $432.7M | ||
| Q4 24 | $65.7M | $101.7M | ||
| Q3 24 | $-21.6M | $69.9M | ||
| Q2 24 | $97.1M | $355.5M | ||
| Q1 24 | — | $344.6M |
自由现金流PLUSSNOW
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M | ||
| Q1 24 | — | $331.5M |
自由现金流率PLUSSNOW
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 42.8% |
资本支出强度PLUSSNOW
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.7% |
现金转化率PLUSSNOW
| 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× | — | ||
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
