vs
EPLUS INC（PLUS）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是EPLUS INC的1.7倍（$1.0B vs $614.8M），思佳讯净利率更高（7.6% vs 5.7%，领先1.9%），EPLUS INC同比增速更快（20.3% vs 8.6%），过去两年EPLUS INC的营收复合增速更高（2.3% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
PLUS vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.7倍
$614.8M
营收增速更快
PLUS
高出11.7%
8.6%
净利率更高
SWKS
高出1.9%
5.7%
两年增速更快
PLUS
近两年复合增速
-0.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $1.0B |
| 净利润 | $35.1M | $79.2M |
| 毛利率 | 25.8% | 41.3% |
| 营业利润率 | 7.1% | 10.0% |
| 净利率 | 5.7% | 7.6% |
| 营收同比 | 20.3% | 8.6% |
| 净利润同比 | 45.2% | 15.3% |
| 每股收益（稀释后） | $1.33 | $0.53 |
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PLUSSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $614.8M | $1.1B | ||
| Q3 25 | $608.8M | — | ||
| Q2 25 | $637.3M | $965.0M | ||
| Q1 25 | — | $953.2M | ||
| Q4 24 | $493.2M | $1.1B | ||
| Q3 24 | $493.4M | $1.0B | ||
| Q2 24 | $535.7M | $905.5M |
净利润PLUSSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $35.1M | $141.4M | ||
| Q3 25 | $34.9M | — | ||
| Q2 25 | $37.7M | $105.0M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | $24.1M | $162.0M | ||
| Q3 24 | $31.3M | $60.5M | ||
| Q2 24 | $27.3M | $120.9M |
毛利率PLUSSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 25.8% | 40.7% | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 23.3% | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | 25.4% | 41.4% | ||
| Q3 24 | 25.8% | 41.9% | ||
| Q2 24 | 23.7% | 40.2% |
营业利润率PLUSSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 7.1% | 10.1% | ||
| Q3 25 | 8.0% | — | ||
| Q2 25 | 5.7% | 11.5% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | 3.3% | 16.9% | ||
| Q3 24 | 5.5% | 5.8% | ||
| Q2 24 | 5.9% | 14.4% |
净利率PLUSSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.7% | 12.9% | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 5.9% | 10.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 4.9% | 15.2% | ||
| Q3 24 | 6.3% | 5.9% | ||
| Q2 24 | 5.1% | 13.4% |
每股收益（稀释后）PLUSSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $1.33 | $0.95 | ||
| Q3 25 | $1.32 | — | ||
| Q2 25 | $1.43 | $0.70 | ||
| Q1 25 | — | $0.43 | ||
| Q4 24 | $0.91 | $1.00 | ||
| Q3 24 | $1.17 | $0.36 | ||
| Q2 24 | $1.02 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $1.1B | $5.8B |
| 总资产 | $1.8B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资PLUSSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $326.3M | $1.4B | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $480.2M | $1.3B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $253.1M | $1.7B | ||
| Q3 24 | $187.5M | $1.6B | ||
| Q2 24 | $349.9M | $1.3B |
总债务PLUSSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益PLUSSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | $5.7B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $962.3M | $6.4B | ||
| Q3 24 | $947.0M | $6.3B | ||
| Q2 24 | $921.9M | $6.3B |
总资产PLUSSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $1.8B | $7.9B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | $7.7B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | $1.8B | $8.3B | ||
| Q3 24 | $1.7B | $8.3B | ||
| Q2 24 | $1.7B | $8.2B |
负债/权益比PLUSSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | — | $339.0M |
| 自由现金流率自由现金流/营收 | — | 32.7% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | -2.49× | 4.99× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流PLUSSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $-87.4M | $200.0M | ||
| Q3 25 | $-34.8M | — | ||
| Q2 25 | $-99.0M | $314.2M | ||
| Q1 25 | — | $409.4M | ||
| Q4 24 | $65.7M | $377.2M | ||
| Q3 24 | $-21.6M | $476.1M | ||
| Q2 24 | $97.1M | $273.4M |
自由现金流PLUSSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | — | $370.9M | ||
| Q4 24 | — | $338.2M | ||
| Q3 24 | — | $393.3M | ||
| Q2 24 | — | $249.0M |
自由现金流率PLUSSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 27.5% |
资本支出强度PLUSSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 2.7% |
现金转化率PLUSSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | -2.49× | 1.41× | ||
| Q3 25 | -1.00× | — | ||
| Q2 25 | -2.63× | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | 2.72× | 2.33× | ||
| Q3 24 | -0.69× | 7.87× | ||
| Q2 24 | 3.55× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
