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EPLUS INC（PLUS）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.2倍（$614.8M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 5.7%，领先14.0%），EPLUS INC同比增速更快（20.3% vs 8.5%），过去两年EPLUS INC的营收复合增速更高（2.3% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
PLUS vs STWD — 直观对比
营收规模更大
PLUS
是对方的1.2倍
$492.9M
营收增速更快
PLUS
高出11.8%
8.5%
净利率更高
STWD
高出14.0%
5.7%
两年增速更快
PLUS
近两年复合增速
-2.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $492.9M |
| 净利润 | $35.1M | $96.9M |
| 毛利率 | 25.8% | — |
| 营业利润率 | 7.1% | 26.6% |
| 净利率 | 5.7% | 19.7% |
| 营收同比 | 20.3% | 8.5% |
| 净利润同比 | 45.2% | 87.7% |
| 每股收益（稀释后） | $1.33 | $0.25 |
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PLUSSTWD
| Q4 25 | $614.8M | $492.9M | ||
| Q3 25 | $608.8M | $488.9M | ||
| Q2 25 | $637.3M | $444.3M | ||
| Q1 25 | — | $418.2M | ||
| Q4 24 | $493.2M | $454.4M | ||
| Q3 24 | $493.4M | $479.5M | ||
| Q2 24 | $535.7M | $489.8M | ||
| Q1 24 | — | $523.1M |
净利润PLUSSTWD
| Q4 25 | $35.1M | $96.9M | ||
| Q3 25 | $34.9M | $72.6M | ||
| Q2 25 | $37.7M | $129.8M | ||
| Q1 25 | — | $112.3M | ||
| Q4 24 | $24.1M | $51.6M | ||
| Q3 24 | $31.3M | $76.1M | ||
| Q2 24 | $27.3M | $77.9M | ||
| Q1 24 | — | $154.3M |
毛利率PLUSSTWD
| 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% | — | ||
| Q1 24 | — | — |
营业利润率PLUSSTWD
| Q4 25 | 7.1% | 26.6% | ||
| Q3 25 | 8.0% | 19.1% | ||
| Q2 25 | 5.7% | 30.5% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | 3.3% | 15.1% | ||
| Q3 24 | 5.5% | 17.2% | ||
| Q2 24 | 5.9% | 19.1% | ||
| Q1 24 | — | 30.8% |
净利率PLUSSTWD
| Q4 25 | 5.7% | 19.7% | ||
| Q3 25 | 5.7% | 14.8% | ||
| Q2 25 | 5.9% | 29.2% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | 4.9% | 11.4% | ||
| Q3 24 | 6.3% | 15.9% | ||
| Q2 24 | 5.1% | 15.9% | ||
| Q1 24 | — | 29.5% |
每股收益（稀释后）PLUSSTWD
| Q4 25 | $1.33 | $0.25 | ||
| Q3 25 | $1.32 | $0.19 | ||
| Q2 25 | $1.43 | $0.38 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | $0.91 | $0.15 | ||
| Q3 24 | $1.17 | $0.23 | ||
| Q2 24 | $1.02 | $0.24 | ||
| Q1 24 | — | $0.48 |
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 | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $6.8B |
| 总资产 | $1.8B | $63.2B |
| 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PLUSSTWD
| Q4 25 | $326.3M | $499.5M | ||
| Q3 25 | $402.2M | $301.1M | ||
| Q2 25 | $480.2M | $259.9M | ||
| Q1 25 | — | $440.6M | ||
| Q4 24 | $253.1M | $377.8M | ||
| Q3 24 | $187.5M | $357.9M | ||
| Q2 24 | $349.9M | $259.3M | ||
| Q1 24 | — | $327.4M |
股东权益PLUSSTWD
| Q4 25 | $1.1B | $6.8B | ||
| Q3 25 | $1.0B | $6.9B | ||
| Q2 25 | $1.0B | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | $962.3M | $6.4B | ||
| Q3 24 | $947.0M | $6.5B | ||
| Q2 24 | $921.9M | $6.2B | ||
| Q1 24 | — | $6.3B |
总资产PLUSSTWD
| Q4 25 | $1.8B | $63.2B | ||
| Q3 25 | $1.8B | $62.4B | ||
| Q2 25 | $1.8B | $62.4B | ||
| Q1 25 | — | $62.2B | ||
| Q4 24 | $1.8B | $62.6B | ||
| Q3 24 | $1.7B | $64.2B | ||
| Q2 24 | $1.7B | $64.1B | ||
| Q1 24 | — | $66.2B |
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 | $488.8M |
| 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× | 5.04× |
| 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PLUSSTWD
| Q4 25 | $-87.4M | $488.8M | ||
| Q3 25 | $-34.8M | $337.6M | ||
| Q2 25 | $-99.0M | $-87.4M | ||
| Q1 25 | — | $238.9M | ||
| Q4 24 | $65.7M | $295.6M | ||
| Q3 24 | $-21.6M | $241.8M | ||
| Q2 24 | $97.1M | $53.3M | ||
| Q1 24 | — | $55.9M |
现金转化率PLUSSTWD
| Q4 25 | -2.49× | 5.04× | ||
| Q3 25 | -1.00× | 4.65× | ||
| Q2 25 | -2.63× | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | 2.72× | 5.72× | ||
| Q3 24 | -0.69× | 3.18× | ||
| Q2 24 | 3.55× | 0.68× | ||
| Q1 24 | — | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
