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EPLUS INC（PLUS）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
EPLUS INC的季度营收约是世纪互联的1.7倍（$614.8M vs $362.7M），EPLUS INC净利率更高（5.7% vs -10.7%，领先16.4%），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
PLUS vs VNET — 直观对比
营收规模更大
PLUS
是对方的1.7倍
$362.7M
净利率更高
PLUS
高出16.4%
-10.7%
两年增速更快
VNET
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $362.7M |
| 净利润 | $35.1M | $-38.7M |
| 毛利率 | 25.8% | 20.9% |
| 营业利润率 | 7.1% | 0.5% |
| 净利率 | 5.7% | -10.7% |
| 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PLUSVNET
| Q4 25 | $614.8M | — | ||
| Q3 25 | $608.8M | $362.7M | ||
| Q2 25 | $637.3M | — | ||
| Q1 25 | — | $309.5M | ||
| Q4 24 | $493.2M | — | ||
| Q3 24 | $493.4M | $302.2M | ||
| Q2 24 | $535.7M | $274.4M | ||
| Q1 24 | — | $262.9M |
净利润PLUSVNET
| Q4 25 | $35.1M | — | ||
| Q3 25 | $34.9M | $-38.7M | ||
| Q2 25 | $37.7M | — | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $31.3M | $-2.1M | ||
| Q2 24 | $27.3M | $-1.1M | ||
| Q1 24 | — | $-22.0M |
毛利率PLUSVNET
| Q4 25 | 25.8% | — | ||
| Q3 25 | 26.6% | 20.9% | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 25.8% | 23.2% | ||
| Q2 24 | 23.7% | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率PLUSVNET
| Q4 25 | 7.1% | — | ||
| Q3 25 | 8.0% | 0.5% | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 5.5% | 24.5% | ||
| Q2 24 | 5.9% | 0.2% | ||
| Q1 24 | — | 0.2% |
净利率PLUSVNET
| Q4 25 | 5.7% | — | ||
| Q3 25 | 5.7% | -10.7% | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 6.3% | -0.7% | ||
| Q2 24 | 5.1% | -0.4% | ||
| Q1 24 | — | -8.4% |
每股收益（稀释后）PLUSVNET
| 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 | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $890.8M |
| 总资产 | $1.8B | $6.1B |
| 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PLUSVNET
| Q4 25 | $326.3M | — | ||
| Q3 25 | $402.2M | $492.1M | ||
| Q2 25 | $480.2M | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $253.1M | — | ||
| Q3 24 | $187.5M | $219.5M | ||
| Q2 24 | $349.9M | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务PLUSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PLUSVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $890.8M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | $962.3M | — | ||
| Q3 24 | $947.0M | $902.9M | ||
| Q2 24 | $921.9M | $900.6M | ||
| Q1 24 | — | $895.1M |
总资产PLUSVNET
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | — | $3.9B |
负债/权益比PLUSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流PLUSVNET
| Q4 25 | $-87.4M | — | ||
| Q3 25 | $-34.8M | $113.8M | ||
| Q2 25 | $-99.0M | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $65.7M | — | ||
| Q3 24 | $-21.6M | $108.3M | ||
| Q2 24 | $97.1M | $55.8M | ||
| Q1 24 | — | $37.1M |
自由现金流PLUSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率PLUSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度PLUSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率PLUSVNET
| 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% |
VNET
暂无分部数据
