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EPLUS INC（PLUS）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是EPLUS INC的1.1倍（$693.4M vs $614.8M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs 5.7%，领先7.8%），EPLUS INC同比增速更快（20.3% vs 0.4%），过去两年ADVANCED DRAINAGE SYSTEMS, INC.的营收复合增速更高（3.0% 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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
PLUS vs WMS — 直观对比
营收规模更大
WMS
是对方的1.1倍
$614.8M
营收增速更快
PLUS
高出19.9%
0.4%
净利率更高
WMS
高出7.8%
5.7%
两年增速更快
WMS
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $693.4M |
| 净利润 | $35.1M | $93.6M |
| 毛利率 | 25.8% | 37.4% |
| 营业利润率 | 7.1% | 19.7% |
| 净利率 | 5.7% | 13.5% |
| 营收同比 | 20.3% | 0.4% |
| 净利润同比 | 45.2% | 15.3% |
| 每股收益（稀释后） | $1.33 | $1.19 |
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PLUSWMS
| Q4 25 | $614.8M | $693.4M | ||
| Q3 25 | $608.8M | $850.4M | ||
| Q2 25 | $637.3M | $829.9M | ||
| Q1 25 | — | $615.8M | ||
| Q4 24 | $493.2M | $690.5M | ||
| Q3 24 | $493.4M | $782.6M | ||
| Q2 24 | $535.7M | $815.3M | ||
| Q1 24 | — | $653.8M |
净利润PLUSWMS
| Q4 25 | $35.1M | $93.6M | ||
| Q3 25 | $34.9M | $156.0M | ||
| Q2 25 | $37.7M | $143.9M | ||
| Q1 25 | — | $77.2M | ||
| Q4 24 | $24.1M | $81.2M | ||
| Q3 24 | $31.3M | $130.4M | ||
| Q2 24 | $27.3M | $161.4M | ||
| Q1 24 | — | $94.8M |
毛利率PLUSWMS
| Q4 25 | 25.8% | 37.4% | ||
| Q3 25 | 26.6% | 40.0% | ||
| Q2 25 | 23.3% | 39.8% | ||
| Q1 25 | — | 36.7% | ||
| Q4 24 | 25.4% | 35.0% | ||
| Q3 24 | 25.8% | 37.6% | ||
| Q2 24 | 23.7% | 40.8% | ||
| Q1 24 | — | 38.5% |
营业利润率PLUSWMS
| Q4 25 | 7.1% | 19.7% | ||
| Q3 25 | 8.0% | 26.3% | ||
| Q2 25 | 5.7% | 24.8% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | 3.3% | 18.4% | ||
| Q3 24 | 5.5% | 23.9% | ||
| Q2 24 | 5.9% | 27.7% | ||
| Q1 24 | — | 20.7% |
净利率PLUSWMS
| Q4 25 | 5.7% | 13.5% | ||
| Q3 25 | 5.7% | 18.3% | ||
| Q2 25 | 5.9% | 17.3% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | 4.9% | 11.8% | ||
| Q3 24 | 6.3% | 16.7% | ||
| Q2 24 | 5.1% | 19.8% | ||
| Q1 24 | — | 14.5% |
每股收益（稀释后）PLUSWMS
| Q4 25 | $1.33 | $1.19 | ||
| Q3 25 | $1.32 | $1.99 | ||
| Q2 25 | $1.43 | $1.84 | ||
| Q1 25 | — | $0.99 | ||
| Q4 24 | $0.91 | $1.04 | ||
| Q3 24 | $1.17 | $1.67 | ||
| Q2 24 | $1.02 | $2.06 | ||
| Q1 24 | — | $1.22 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $1.9B |
| 总资产 | $1.8B | $4.1B |
| 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PLUSWMS
| Q4 25 | $326.3M | $1.0B | ||
| Q3 25 | $402.2M | $812.9M | ||
| Q2 25 | $480.2M | $638.3M | ||
| Q1 25 | — | $463.3M | ||
| Q4 24 | $253.1M | $488.9M | ||
| Q3 24 | $187.5M | $613.0M | ||
| Q2 24 | $349.9M | $541.6M | ||
| Q1 24 | — | $490.2M |
总债务PLUSWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.3B |
股东权益PLUSWMS
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $962.3M | $1.5B | ||
| Q3 24 | $947.0M | $1.4B | ||
| Q2 24 | $921.9M | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产PLUSWMS
| Q4 25 | $1.8B | $4.1B | ||
| Q3 25 | $1.8B | $4.1B | ||
| Q2 25 | $1.8B | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $1.8B | $3.6B | ||
| Q3 24 | $1.7B | $3.5B | ||
| Q2 24 | $1.7B | $3.4B | ||
| Q1 24 | — | $3.3B |
负债/权益比PLUSWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | — | $183.6M |
| 自由现金流率自由现金流/营收 | — | 26.5% |
| 资本支出强度资本支出/营收 | — | 12.4% |
| 现金转化率经营现金流/净利润 | -2.49× | 2.88× |
| 过去12个月自由现金流最近4个季度 | — | $577.1M |
8季度趋势，按日历期对齐
经营现金流PLUSWMS
| Q4 25 | $-87.4M | $269.3M | ||
| Q3 25 | $-34.8M | $234.9M | ||
| Q2 25 | $-99.0M | $275.0M | ||
| Q1 25 | — | $41.2M | ||
| Q4 24 | $65.7M | $189.9M | ||
| Q3 24 | $-21.6M | $166.9M | ||
| Q2 24 | $97.1M | $183.4M | ||
| Q1 24 | — | $17.7M |
自由现金流PLUSWMS
| Q4 25 | — | $183.6M | ||
| Q3 25 | — | $176.4M | ||
| Q2 25 | — | $222.4M | ||
| Q1 25 | — | $-5.3M | ||
| Q4 24 | — | $135.7M | ||
| Q3 24 | — | $112.4M | ||
| Q2 24 | — | $125.7M | ||
| Q1 24 | — | $-29.8M |
自由现金流率PLUSWMS
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 26.8% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 19.7% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | -4.6% |
资本支出强度PLUSWMS
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 7.3% |
现金转化率PLUSWMS
| Q4 25 | -2.49× | 2.88× | ||
| Q3 25 | -1.00× | 1.51× | ||
| Q2 25 | -2.63× | 1.91× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 2.72× | 2.34× | ||
| Q3 24 | -0.69× | 1.28× | ||
| Q2 24 | 3.55× | 1.14× | ||
| Q1 24 | — | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
