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EPLUS INC（PLUS）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是EPLUS INC的1.2倍（$755.6M vs $614.8M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs 5.7%，领先5.9%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 20.3%），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
PLUS vs STRL — 直观对比
营收规模更大
STRL
是对方的1.2倍
$614.8M
营收增速更快
STRL
高出31.2%
20.3%
净利率更高
STRL
高出5.9%
5.7%
两年增速更快
STRL
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $755.6M |
| 净利润 | $35.1M | $87.6M |
| 毛利率 | 25.8% | 21.7% |
| 营业利润率 | 7.1% | 15.9% |
| 净利率 | 5.7% | 11.6% |
| 营收同比 | 20.3% | 51.5% |
| 净利润同比 | 45.2% | -22.6% |
| 每股收益（稀释后） | $1.33 | $2.82 |
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PLUSSTRL
| Q4 25 | $614.8M | $755.6M | ||
| Q3 25 | $608.8M | $689.0M | ||
| Q2 25 | $637.3M | $614.5M | ||
| Q1 25 | — | $430.9M | ||
| Q4 24 | $493.2M | $498.8M | ||
| Q3 24 | $493.4M | $593.7M | ||
| Q2 24 | $535.7M | $582.8M | ||
| Q1 24 | — | $440.4M |
净利润PLUSSTRL
| Q4 25 | $35.1M | $87.6M | ||
| Q3 25 | $34.9M | $92.1M | ||
| Q2 25 | $37.7M | $71.0M | ||
| Q1 25 | — | $39.5M | ||
| Q4 24 | $24.1M | $113.2M | ||
| Q3 24 | $31.3M | $61.3M | ||
| Q2 24 | $27.3M | $51.9M | ||
| Q1 24 | — | $31.0M |
毛利率PLUSSTRL
| Q4 25 | 25.8% | 21.7% | ||
| Q3 25 | 26.6% | 24.7% | ||
| Q2 25 | 23.3% | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | 25.4% | 21.4% | ||
| Q3 24 | 25.8% | 21.9% | ||
| Q2 24 | 23.7% | 19.3% | ||
| Q1 24 | — | 17.5% |
营业利润率PLUSSTRL
| Q4 25 | 7.1% | 15.9% | ||
| Q3 25 | 8.0% | 18.2% | ||
| Q2 25 | 5.7% | 17.0% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | 3.3% | 12.5% | ||
| Q3 24 | 5.5% | 14.7% | ||
| Q2 24 | 5.9% | 12.5% | ||
| Q1 24 | — | 9.6% |
净利率PLUSSTRL
| Q4 25 | 5.7% | 11.6% | ||
| Q3 25 | 5.7% | 13.4% | ||
| Q2 25 | 5.9% | 11.6% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | 4.9% | 22.7% | ||
| Q3 24 | 6.3% | 10.3% | ||
| Q2 24 | 5.1% | 8.9% | ||
| Q1 24 | — | 7.1% |
每股收益（稀释后）PLUSSTRL
| Q4 25 | $1.33 | $2.82 | ||
| Q3 25 | $1.32 | $2.97 | ||
| Q2 25 | $1.43 | $2.31 | ||
| Q1 25 | — | $1.28 | ||
| Q4 24 | $0.91 | $3.63 | ||
| Q3 24 | $1.17 | $1.97 | ||
| Q2 24 | $1.02 | $1.67 | ||
| Q1 24 | — | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $1.1B |
| 总资产 | $1.8B | $2.6B |
| 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PLUSSTRL
| Q4 25 | $326.3M | $390.7M | ||
| Q3 25 | $402.2M | $306.4M | ||
| Q2 25 | $480.2M | $699.4M | ||
| Q1 25 | — | $638.6M | ||
| Q4 24 | $253.1M | $664.2M | ||
| Q3 24 | $187.5M | $648.1M | ||
| Q2 24 | $349.9M | $540.0M | ||
| Q1 24 | — | $480.4M |
股东权益PLUSSTRL
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.0B | $881.7M | ||
| Q1 25 | — | $805.4M | ||
| Q4 24 | $962.3M | $808.1M | ||
| Q3 24 | $947.0M | $716.5M | ||
| Q2 24 | $921.9M | $670.7M | ||
| Q1 24 | — | $644.6M |
总资产PLUSSTRL
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.7B | $2.0B | ||
| 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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | — | $159.7M |
| 自由现金流率自由现金流/营收 | — | 21.1% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | -2.49× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流PLUSSTRL
| Q4 25 | $-87.4M | $186.1M | ||
| Q3 25 | $-34.8M | $83.6M | ||
| Q2 25 | $-99.0M | $85.4M | ||
| Q1 25 | — | $84.9M | ||
| Q4 24 | $65.7M | $174.3M | ||
| Q3 24 | $-21.6M | $152.3M | ||
| Q2 24 | $97.1M | $121.0M | ||
| Q1 24 | — | $49.6M |
自由现金流PLUSSTRL
| Q4 25 | — | $159.7M | ||
| Q3 25 | — | $64.0M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | — | $67.0M | ||
| Q4 24 | — | $158.6M | ||
| Q3 24 | — | $138.3M | ||
| Q2 24 | — | $92.1M | ||
| Q1 24 | — | $27.2M |
自由现金流率PLUSSTRL
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 15.8% | ||
| Q1 24 | — | 6.2% |
资本支出强度PLUSSTRL
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 5.1% |
现金转化率PLUSSTRL
| Q4 25 | -2.49× | 2.12× | ||
| Q3 25 | -1.00× | 0.91× | ||
| Q2 25 | -2.63× | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | 2.72× | 1.54× | ||
| Q3 24 | -0.69× | 2.48× | ||
| Q2 24 | 3.55× | 2.33× | ||
| Q1 24 | — | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
