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EPLUS INC（PLUS）与STEWART INFORMATION SERVICES CORP（STC）财务数据对比。点击上方公司名可切换其他公司
STEWART INFORMATION SERVICES CORP的季度营收约是EPLUS INC的1.2倍（$764.6M vs $614.8M），EPLUS INC净利率更高（5.7% vs 2.2%，领先3.5%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 20.3%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% 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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
PLUS vs STC — 直观对比
营收规模更大
STC
是对方的1.2倍
$614.8M
营收增速更快
STC
高出7.3%
20.3%
净利率更高
PLUS
高出3.5%
2.2%
两年增速更快
STC
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $764.6M |
| 净利润 | $35.1M | $17.0M |
| 毛利率 | 25.8% | — |
| 营业利润率 | 7.1% | — |
| 净利率 | 5.7% | 2.2% |
| 营收同比 | 20.3% | 27.7% |
| 净利润同比 | 45.2% | 448.4% |
| 每股收益（稀释后） | $1.33 | — |
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PLUSSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $614.8M | $790.6M | ||
| Q3 25 | $608.8M | $796.9M | ||
| Q2 25 | $637.3M | $722.2M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | $493.2M | $665.9M | ||
| Q3 24 | $493.4M | $667.9M | ||
| Q2 24 | $535.7M | $602.2M |
净利润PLUSSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $35.1M | $36.3M | ||
| Q3 25 | $34.9M | $44.3M | ||
| Q2 25 | $37.7M | $31.9M | ||
| Q1 25 | — | $3.1M | ||
| Q4 24 | $24.1M | $22.7M | ||
| Q3 24 | $31.3M | $30.1M | ||
| Q2 24 | $27.3M | $17.3M |
毛利率PLUSSTC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 6.5% | ||
| Q3 25 | 8.0% | 7.7% | ||
| Q2 25 | 5.7% | 6.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 3.3% | 5.3% | ||
| Q3 24 | 5.5% | 6.4% | ||
| Q2 24 | 5.9% | 4.8% |
净利率PLUSSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 5.7% | 4.6% | ||
| Q3 25 | 5.7% | 5.6% | ||
| Q2 25 | 5.9% | 4.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 4.9% | 3.4% | ||
| Q3 24 | 6.3% | 4.5% | ||
| Q2 24 | 5.1% | 2.9% |
每股收益（稀释后）PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | $1.33 | $1.26 | ||
| Q3 25 | $1.32 | $1.55 | ||
| Q2 25 | $1.43 | $1.13 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | $0.91 | $0.81 | ||
| Q3 24 | $1.17 | $1.07 | ||
| Q2 24 | $1.02 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $1.8B | — |
| 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PLUSSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $326.3M | $369.7M | ||
| Q3 25 | $402.2M | $233.2M | ||
| Q2 25 | $480.2M | $223.8M | ||
| Q1 25 | — | $194.2M | ||
| Q4 24 | $253.1M | $257.5M | ||
| Q3 24 | $187.5M | $228.7M | ||
| Q2 24 | $349.9M | $176.7M |
总债务PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $962.3M | $1.4B | ||
| Q3 24 | $947.0M | $1.4B | ||
| Q2 24 | $921.9M | $1.4B |
总资产PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $3.3B | ||
| Q3 25 | $1.8B | $2.8B | ||
| Q2 25 | $1.8B | $2.8B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.7B | $2.7B | ||
| Q2 24 | $1.7B | $2.6B |
负债/权益比PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | $-87.4M | $89.5M | ||
| Q3 25 | $-34.8M | $92.6M | ||
| Q2 25 | $-99.0M | $53.4M | ||
| Q1 25 | — | $-29.9M | ||
| Q4 24 | $65.7M | $68.0M | ||
| Q3 24 | $-21.6M | $76.1M | ||
| Q2 24 | $97.1M | $21.1M |
自由现金流PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | — | $62.3M | ||
| Q3 25 | — | $73.6M | ||
| Q2 25 | — | $38.7M | ||
| Q1 25 | — | $-42.2M | ||
| Q4 24 | — | $55.6M | ||
| Q3 24 | — | $67.4M | ||
| Q2 24 | — | $11.9M |
自由现金流率PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 2.0% |
资本支出强度PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.5% |
现金转化率PLUSSTC
| Q1 26 | — | — | ||
| Q4 25 | -2.49× | 2.47× | ||
| Q3 25 | -1.00× | 2.09× | ||
| Q2 25 | -2.63× | 1.67× | ||
| Q1 25 | — | -9.73× | ||
| Q4 24 | 2.72× | 2.99× | ||
| Q3 24 | -0.69× | 2.53× | ||
| Q2 24 | 3.55× | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
