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EPLUS INC（PLUS）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的1.1倍（$614.8M vs $566.0M），EPLUS INC净利率更高（5.7% vs -33.1%，领先38.8%），EPLUS INC同比增速更快（20.3% vs -6.1%），过去两年EPLUS INC的营收复合增速更高（2.3% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
PLUS vs WSC — 直观对比
营收规模更大
PLUS
是对方的1.1倍
$566.0M
营收增速更快
PLUS
高出26.4%
-6.1%
净利率更高
PLUS
高出38.8%
-33.1%
两年增速更快
PLUS
近两年复合增速
-1.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.8M | $566.0M |
| 净利润 | $35.1M | $-187.3M |
| 毛利率 | 25.8% | 50.4% |
| 营业利润率 | 7.1% | -32.5% |
| 净利率 | 5.7% | -33.1% |
| 营收同比 | 20.3% | -6.1% |
| 净利润同比 | 45.2% | -310.0% |
| 每股收益（稀释后） | $1.33 | $-1.02 |
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PLUSWSC
| Q4 25 | $614.8M | $566.0M | ||
| Q3 25 | $608.8M | $566.8M | ||
| Q2 25 | $637.3M | $589.1M | ||
| Q1 25 | — | $559.6M | ||
| Q4 24 | $493.2M | $602.5M | ||
| Q3 24 | $493.4M | $601.4M | ||
| Q2 24 | $535.7M | $604.6M | ||
| Q1 24 | — | $587.2M |
净利润PLUSWSC
| Q4 25 | $35.1M | $-187.3M | ||
| Q3 25 | $34.9M | $43.3M | ||
| Q2 25 | $37.7M | $47.9M | ||
| Q1 25 | — | $43.1M | ||
| Q4 24 | $24.1M | $89.2M | ||
| Q3 24 | $31.3M | $-70.5M | ||
| Q2 24 | $27.3M | $-46.9M | ||
| Q1 24 | — | $56.2M |
毛利率PLUSWSC
| Q4 25 | 25.8% | 50.4% | ||
| Q3 25 | 26.6% | 49.7% | ||
| Q2 25 | 23.3% | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | 25.4% | 55.8% | ||
| Q3 24 | 25.8% | 53.5% | ||
| Q2 24 | 23.7% | 54.1% | ||
| Q1 24 | — | 54.0% |
营业利润率PLUSWSC
| Q4 25 | 7.1% | -32.5% | ||
| Q3 25 | 8.0% | 21.0% | ||
| Q2 25 | 5.7% | 21.5% | ||
| Q1 25 | — | 21.3% | ||
| Q4 24 | 3.3% | 28.9% | ||
| Q3 24 | 5.5% | -5.9% | ||
| Q2 24 | 5.9% | -0.9% | ||
| Q1 24 | — | 22.1% |
净利率PLUSWSC
| Q4 25 | 5.7% | -33.1% | ||
| Q3 25 | 5.7% | 7.6% | ||
| Q2 25 | 5.9% | 8.1% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | 4.9% | 14.8% | ||
| Q3 24 | 6.3% | -11.7% | ||
| Q2 24 | 5.1% | -7.7% | ||
| Q1 24 | — | 9.6% |
每股收益（稀释后）PLUSWSC
| Q4 25 | $1.33 | $-1.02 | ||
| Q3 25 | $1.32 | $0.24 | ||
| Q2 25 | $1.43 | $0.26 | ||
| Q1 25 | — | $0.23 | ||
| Q4 24 | $0.91 | $0.48 | ||
| Q3 24 | $1.17 | $-0.37 | ||
| Q2 24 | $1.02 | $-0.25 | ||
| Q1 24 | — | $0.29 |
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 | $14.6M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $1.1B | $856.3M |
| 总资产 | $1.8B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资PLUSWSC
| Q4 25 | $326.3M | $14.6M | ||
| Q3 25 | $402.2M | $14.8M | ||
| Q2 25 | $480.2M | $12.8M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | $253.1M | $9.0M | ||
| Q3 24 | $187.5M | $11.0M | ||
| Q2 24 | $349.9M | $5.9M | ||
| Q1 24 | — | $13.1M |
总债务PLUSWSC
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
股东权益PLUSWSC
| Q4 25 | $1.1B | $856.3M | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $962.3M | $1.0B | ||
| Q3 24 | $947.0M | $1.1B | ||
| Q2 24 | $921.9M | $1.2B | ||
| Q1 24 | — | $1.3B |
总资产PLUSWSC
| Q4 25 | $1.8B | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | $6.1B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | $1.8B | $6.0B | ||
| Q3 24 | $1.7B | $6.0B | ||
| Q2 24 | $1.7B | $6.0B | ||
| Q1 24 | — | $6.2B |
负债/权益比PLUSWSC
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | — | $149.7M |
| 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 | — | 1.6% |
| 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 | — | $737.7M |
8季度趋势，按日历期对齐
经营现金流PLUSWSC
| Q4 25 | $-87.4M | $158.9M | ||
| Q3 25 | $-34.8M | $191.2M | ||
| Q2 25 | $-99.0M | $205.3M | ||
| Q1 25 | — | $206.6M | ||
| Q4 24 | $65.7M | $178.9M | ||
| Q3 24 | $-21.6M | $-1.6M | ||
| Q2 24 | $97.1M | $175.6M | ||
| Q1 24 | — | $208.7M |
自由现金流PLUSWSC
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | — | $202.1M |
自由现金流率PLUSWSC
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 34.4% |
资本支出强度PLUSWSC
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.1% |
现金转化率PLUSWSC
| Q4 25 | -2.49× | — | ||
| Q3 25 | -1.00× | 4.41× | ||
| Q2 25 | -2.63× | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 2.72× | 2.01× | ||
| Q3 24 | -0.69× | — | ||
| Q2 24 | 3.55× | — | ||
| Q1 24 | — | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
