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EPLUS INC（PLUS）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是EPLUS INC的1.4倍（$871.9M vs $614.8M），EPLUS INC净利率更高（5.7% vs 2.2%，领先3.5%），EPLUS INC同比增速更快（20.3% vs 18.0%），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
PLUS vs WS — 直观对比
营收规模更大
WS
是对方的1.4倍
$614.8M
营收增速更快
PLUS
高出2.3%
18.0%
净利率更高
PLUS
高出3.5%
2.2%
两年增速更快
WS
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $871.9M |
| 净利润 | $35.1M | $18.8M |
| 毛利率 | 25.8% | 10.7% |
| 营业利润率 | 7.1% | 2.5% |
| 净利率 | 5.7% | 2.2% |
| 营收同比 | 20.3% | 18.0% |
| 净利润同比 | 45.2% | 46.9% |
| 每股收益（稀释后） | $1.33 | $0.37 |
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PLUSWS
| Q4 25 | $614.8M | $871.9M | ||
| Q3 25 | $608.8M | $872.9M | ||
| Q2 25 | $637.3M | $832.9M | ||
| Q1 25 | — | $687.4M | ||
| Q4 24 | $493.2M | $739.0M | ||
| Q3 24 | $493.4M | $834.0M | ||
| Q2 24 | $535.7M | — | ||
| Q1 24 | — | $805.8M |
净利润PLUSWS
| Q4 25 | $35.1M | $18.8M | ||
| Q3 25 | $34.9M | $36.8M | ||
| Q2 25 | $37.7M | $55.7M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | $24.1M | $12.8M | ||
| Q3 24 | $31.3M | $28.4M | ||
| Q2 24 | $27.3M | — | ||
| Q1 24 | — | $49.0M |
毛利率PLUSWS
| Q4 25 | 25.8% | 10.7% | ||
| Q3 25 | 26.6% | 13.2% | ||
| Q2 25 | 23.3% | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | 25.4% | 10.8% | ||
| Q3 24 | 25.8% | 12.0% | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | — | 14.9% |
营业利润率PLUSWS
| Q4 25 | 7.1% | 2.5% | ||
| Q3 25 | 8.0% | 5.5% | ||
| Q2 25 | 5.7% | 8.0% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 3.3% | 2.6% | ||
| Q3 24 | 5.5% | 5.2% | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | — | 8.2% |
净利率PLUSWS
| Q4 25 | 5.7% | 2.2% | ||
| Q3 25 | 5.7% | 4.2% | ||
| Q2 25 | 5.9% | 6.7% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 4.9% | 1.7% | ||
| Q3 24 | 6.3% | 3.4% | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | — | 6.1% |
每股收益（稀释后）PLUSWS
| Q4 25 | $1.33 | $0.37 | ||
| Q3 25 | $1.32 | $0.72 | ||
| Q2 25 | $1.43 | $1.11 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | $0.91 | $0.25 | ||
| Q3 24 | $1.17 | $0.56 | ||
| Q2 24 | $1.02 | — | ||
| Q1 24 | — | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $1.1B | $1.1B |
| 总资产 | $1.8B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PLUSWS
| Q4 25 | $326.3M | $89.8M | ||
| Q3 25 | $402.2M | $78.3M | ||
| Q2 25 | $480.2M | $38.0M | ||
| Q1 25 | — | $63.3M | ||
| Q4 24 | $253.1M | $52.0M | ||
| Q3 24 | $187.5M | $36.0M | ||
| Q2 24 | $349.9M | — | ||
| Q1 24 | — | $60.8M |
总债务PLUSWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益PLUSWS
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $962.3M | $1.0B | ||
| Q3 24 | $947.0M | $1.0B | ||
| Q2 24 | $921.9M | — | ||
| Q1 24 | — | $937.6M |
总资产PLUSWS
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | $1.8B |
负债/权益比PLUSWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | — | $74.6M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | -2.49× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流PLUSWS
| Q4 25 | $-87.4M | $99.3M | ||
| Q3 25 | $-34.8M | $-6.3M | ||
| Q2 25 | $-99.0M | $53.9M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | $65.7M | $68.0M | ||
| Q3 24 | $-21.6M | $54.6M | ||
| Q2 24 | $97.1M | — | ||
| Q1 24 | — | $44.7M |
自由现金流PLUSWS
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $-35.7M | ||
| Q2 25 | — | $8.4M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | — | $33.2M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $22.3M |
自由现金流率PLUSWS
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
资本支出强度PLUSWS
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
现金转化率PLUSWS
| Q4 25 | -2.49× | 5.28× | ||
| Q3 25 | -1.00× | -0.17× | ||
| Q2 25 | -2.63× | 0.97× | ||
| Q1 25 | — | 3.90× | ||
| Q4 24 | 2.72× | 5.31× | ||
| Q3 24 | -0.69× | 1.92× | ||
| Q2 24 | 3.55× | — | ||
| Q1 24 | — | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
