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EPLUS INC（PLUS）与VinFast Auto Ltd.（VFS）财务数据对比。点击上方公司名可切换其他公司
VinFast Auto Ltd.的季度营收约是EPLUS INC的1.2倍（$718.6M vs $614.8M），EPLUS INC净利率更高（5.7% vs -2.8%，领先8.5%）
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。
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
PLUS vs VFS — 直观对比
营收规模更大
VFS
是对方的1.2倍
$614.8M
净利率更高
PLUS
高出8.5%
-2.8%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $718.6M |
| 净利润 | $35.1M | $-20.0M |
| 毛利率 | 25.8% | — |
| 营业利润率 | 7.1% | -96.1% |
| 净利率 | 5.7% | -2.8% |
| 营收同比 | 20.3% | — |
| 净利润同比 | 45.2% | — |
| 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PLUSVFS
| Q4 25 | $614.8M | — | ||
| Q3 25 | $608.8M | $718.6M | ||
| Q2 25 | $637.3M | $663.0M | ||
| Q1 25 | — | $656.5M | ||
| Q4 24 | $493.2M | — | ||
| Q3 24 | $493.4M | $511.6M | ||
| Q2 24 | $535.7M | — | ||
| Q1 24 | — | $302.6M |
净利润PLUSVFS
| Q4 25 | $35.1M | — | ||
| Q3 25 | $34.9M | $-20.0M | ||
| Q2 25 | $37.7M | $-51.8M | ||
| Q1 25 | — | $-26.1M | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $31.3M | $-10.4M | ||
| Q2 24 | $27.3M | — | ||
| Q1 24 | — | $-618.3M |
毛利率PLUSVFS
| 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PLUSVFS
| Q4 25 | 7.1% | — | ||
| Q3 25 | 8.0% | -96.1% | ||
| Q2 25 | 5.7% | -79.0% | ||
| Q1 25 | — | -74.0% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 5.5% | -65.9% | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | — | -139.4% |
净利率PLUSVFS
| Q4 25 | 5.7% | — | ||
| Q3 25 | 5.7% | -2.8% | ||
| Q2 25 | 5.9% | -7.8% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 6.3% | -2.0% | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | — | -204.3% |
每股收益（稀释后）PLUSVFS
| Q4 25 | $1.33 | — | ||
| Q3 25 | $1.32 | — | ||
| Q2 25 | $1.43 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.91 | — | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $1.02 | — | ||
| Q1 24 | — | — |
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 | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $1.8B | $183.2M |
| 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PLUSVFS
| Q4 25 | $326.3M | — | ||
| Q3 25 | $402.2M | $8.8M | ||
| Q2 25 | $480.2M | $650.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $253.1M | — | ||
| Q3 24 | $187.5M | $1.9M | ||
| Q2 24 | $349.9M | — | ||
| Q1 24 | — | $3.0M |
股东权益PLUSVFS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | $-7.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | $962.3M | — | ||
| Q3 24 | $947.0M | — | ||
| Q2 24 | $921.9M | — | ||
| Q1 24 | — | — |
总资产PLUSVFS
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $183.2M | ||
| Q2 25 | $1.8B | $7.2B | ||
| Q1 25 | — | $158.2M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $151.8M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | $145.6M |
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PLUSVFS
| Q4 25 | $-87.4M | — | ||
| Q3 25 | $-34.8M | — | ||
| Q2 25 | $-99.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $65.7M | — | ||
| Q3 24 | $-21.6M | — | ||
| Q2 24 | $97.1M | — | ||
| Q1 24 | — | — |
现金转化率PLUSVFS
| 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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
