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EPLUS INC（PLUS）与Walker & Dunlop, Inc.（WD）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Walker & Dunlop, Inc.的1.8倍（$614.8M vs $340.0M），EPLUS INC净利率更高（5.7% vs -12.9%，领先18.6%），EPLUS INC同比增速更快（20.3% vs -0.4%），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% 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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
PLUS vs WD — 直观对比
营收规模更大
PLUS
是对方的1.8倍
$340.0M
营收增速更快
PLUS
高出20.7%
-0.4%
净利率更高
PLUS
高出18.6%
-12.9%
两年增速更快
WD
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $340.0M |
| 净利润 | $35.1M | $-13.9M |
| 毛利率 | 25.8% | — |
| 营业利润率 | 7.1% | -17.2% |
| 净利率 | 5.7% | -12.9% |
| 营收同比 | 20.3% | -0.4% |
| 净利润同比 | 45.2% | -131.0% |
| 每股收益（稀释后） | $1.33 | $-0.41 |
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PLUSWD
| Q4 25 | $614.8M | $340.0M | ||
| Q3 25 | $608.8M | $337.7M | ||
| Q2 25 | $637.3M | $319.2M | ||
| Q1 25 | — | $237.4M | ||
| Q4 24 | $493.2M | $341.5M | ||
| Q3 24 | $493.4M | $292.3M | ||
| Q2 24 | $535.7M | $270.7M | ||
| Q1 24 | — | $228.1M |
净利润PLUSWD
| Q4 25 | $35.1M | $-13.9M | ||
| Q3 25 | $34.9M | $33.5M | ||
| Q2 25 | $37.7M | $34.0M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | $24.1M | $44.8M | ||
| Q3 24 | $31.3M | $28.8M | ||
| Q2 24 | $27.3M | $22.7M | ||
| Q1 24 | — | $11.9M |
毛利率PLUSWD
| 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PLUSWD
| Q4 25 | 7.1% | -17.2% | ||
| Q3 25 | 8.0% | 13.6% | ||
| Q2 25 | 5.7% | 14.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 3.3% | 15.3% | ||
| Q3 24 | 5.5% | 12.8% | ||
| Q2 24 | 5.9% | 10.4% | ||
| Q1 24 | — | 6.0% |
净利率PLUSWD
| Q4 25 | 5.7% | -12.9% | ||
| Q3 25 | 5.7% | 9.9% | ||
| Q2 25 | 5.9% | 10.6% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 4.9% | 13.1% | ||
| Q3 24 | 6.3% | 9.9% | ||
| Q2 24 | 5.1% | 8.4% | ||
| Q1 24 | — | 5.2% |
每股收益（稀释后）PLUSWD
| Q4 25 | $1.33 | $-0.41 | ||
| Q3 25 | $1.32 | $0.98 | ||
| Q2 25 | $1.43 | $0.99 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | $0.91 | $1.32 | ||
| Q3 24 | $1.17 | $0.85 | ||
| Q2 24 | $1.02 | $0.67 | ||
| Q1 24 | — | $0.35 |
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 | $299.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $1.7B |
| 总资产 | $1.8B | $5.1B |
| 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PLUSWD
| Q4 25 | $326.3M | $299.3M | ||
| Q3 25 | $402.2M | $274.8M | ||
| Q2 25 | $480.2M | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | $253.1M | $279.3M | ||
| Q3 24 | $187.5M | $179.8M | ||
| Q2 24 | $349.9M | $208.1M | ||
| Q1 24 | — | $216.5M |
股东权益PLUSWD
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $962.3M | $1.7B | ||
| Q3 24 | $947.0M | $1.7B | ||
| Q2 24 | $921.9M | $1.7B | ||
| Q1 24 | — | $1.7B |
总资产PLUSWD
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $1.8B | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $1.8B | $4.4B | ||
| Q3 24 | $1.7B | $4.6B | ||
| Q2 24 | $1.7B | $4.2B | ||
| Q1 24 | — | $3.8B |
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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-680.1M |
| 自由现金流率自由现金流/营收 | — | -200.0% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 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 | — | $-2.2B |
8季度趋势，按日历期对齐
经营现金流PLUSWD
| Q4 25 | $-87.4M | $-664.3M | ||
| Q3 25 | $-34.8M | $-948.1M | ||
| Q2 25 | $-99.0M | $-238.5M | ||
| Q1 25 | — | $-281.1M | ||
| Q4 24 | $65.7M | $129.4M | ||
| Q3 24 | $-21.6M | $-202.0M | ||
| Q2 24 | $97.1M | $-237.8M | ||
| Q1 24 | — | $38.4M |
自由现金流PLUSWD
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
自由现金流率PLUSWD
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
资本支出强度PLUSWD
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率PLUSWD
| Q4 25 | -2.49× | — | ||
| Q3 25 | -1.00× | -28.34× | ||
| Q2 25 | -2.63× | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | 2.72× | 2.89× | ||
| Q3 24 | -0.69× | -7.01× | ||
| Q2 24 | 3.55× | -10.49× | ||
| Q1 24 | — | 3.24× |
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% |
WD
暂无分部数据
