ePlus Inc. (PLUS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.15	$1.28	+11.3%	—	—	—
Q4 26	$0.98	$1	+2.0%	—	$581.6M	—
Q3 26	$1.01	$1.45	+43.6%	—	$614.8M	—
Q2 26	$0.95	$1.53	+61.1%	—	$608.8M	—
Q1 26	$1.11	$1.26	+13.5%	—	$637.3M	—
Q4 25	$0.87	$1.11	+27.6%	—	$498.1M	—
Q3 25	$1.22	$1.06	-13.1%	—	$511M	—
Q2 25	$1.39	$1.36	-2.2%	—	$515.2M	—
Q1 25	$1.17	$1.13	-3.4%	—	$544.5M	—
Q4 24	$1.11	$0.93	-16.2%	—	$554.5M	—
Q3 24	$1.4	$1.18	-15.7%	—	$509.1M	—
Q2 24	$1.34	$1.4	+4.5%	—	$587.6M	—
Q1 24	$0.99	$1.41	+42.4%	—	$574.2M	—
Q4 23	$1.06	$1.36	+28.3%	—	$492.2M	—
Q3 23	$1.09	$1.38	+26.6%	—	$623.5M	—
Q2 23	$1.07	$1.29	+20.6%	—	$493.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$5.05	—	—	$2.4B	—
FY25	—	$4.07	—	—	$2.1B	—
FY24	—	$4.35	—	—	$2.2B	—
FY23	—	$4.49	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.3B	$1.4B	$1.4B	$1.6B	$1.6B	$1.8B	$2.1B	$2.2B	$2.1B	$2.4B
YoY change	+10.6%	+6.53%	-3.25%	+15.7%	-1.26%	+16.1%	+13.5%	+7.62%	-7.03%	+18.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.3B	1.4B	1.4B	1.6B	1.6B	1.8B	2.1B	2.2B	2.1B	2.4B
Cost of revenue	1B	1.1B	1B	1.2B	1.2B	1.4B	1.6B	1.7B	1.5B	1.8B
Gross profit	299.8M	323.5M	330.4M	391.2M	393.6M	461M	517.5M	550.8M	569.1M	616.1M
Gross margin	22.5%	22.8%	24.1%	24.6%	25.1%	25.3%	25%	24.8%	27.5%	25.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	205.2M	228.1M	237.1M	279.2M	271.3M	297.1M	333.5M	367.7M	399.7M	423.4M
Operating expenses	205.2M	228.1M	237.1M	279.2M	271.3M	297.1M	333.5M	367.7M	399.7M	423.4M
Operating income	87.3M	85.4M	81.5M	97.9M	108.3M	149.2M	170.3M	162M	143.6M	166.1M
Operating margin	6.55%	6.02%	5.94%	6.16%	6.91%	8.19%	8.24%	7.28%	6.94%	6.8%
Non-operating income, net	380K	-348K	6.7M	680K	571K	-432K	-3.2M	2.8M	7.4M	7.3M
Pretax income	86.1M	83.9M	86.2M	96M	106.9M	146.9M	163M	161.1M	148.8M	173.4M
Income tax	35.6M	28.8M	23M	26.9M	32.5M	41.3M	43.6M	45.3M	40.9M	49.3M
Net income	50.6M	55.1M	63.2M	69.1M	74.4M	105.6M	119.4M	115.8M	108M	132.6M
Net margin	3.8%	3.89%	4.6%	4.35%	4.74%	5.8%	5.77%	5.2%	5.22%	5.43%
EBITDA	99.4M	100.9M	106.8M	117.7M	128.9M	173.1M	185.7M	190.8M	180.6M	201.1M
EPS	1.82	2	2.35	2.59	2.79	3.96	4.49	4.35	4.07	5.05
Diluted EPS	1.8	1.98	2.33	2.58	2.77	3.93	4.48	4.33	4.05	5.03

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	587.6M	509.1M	554.5M	544.5M	515.2M	511M	498.1M	637.3M	608.8M	614.8M	581.6M	—
Cost of revenue	443.2M	375.2M	424.1M	410.1M	367.2M	370.1M	352.4M	489.1M	446.7M	456.1M	434.5M	—
Gross profit	144.4M	133.8M	130.3M	134.5M	148M	140.9M	145.8M	148.2M	162.1M	158.7M	147.1M	—
Gross margin	24.6%	26.3%	23.5%	24.7%	28.7%	27.6%	29.3%	23.3%	26.6%	25.8%	25.3%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	92.7M	89.4M	95.4M	93.6M	99M	104.2M	103M	104.9M	106.5M	108.7M	103.3M	—
Operating expenses	92.7M	89.4M	95.4M	93.6M	99M	104.2M	103M	104.9M	106.5M	108.7M	103.3M	—
Operating income	46.1M	39M	29.7M	36.1M	43.3M	29M	35.3M	36.2M	48.8M	43.5M	37.6M	—
Operating margin	7.84%	7.67%	5.36%	6.62%	8.4%	5.68%	7.08%	5.68%	8.02%	7.07%	6.47%	—
Non-operating income, net	117K	366K	2.2M	2.1M	579K	3.6M	1.1M	612K	5.2M	2.1M	-605K	—
Pretax income	45M	38.4M	31.2M	37.5M	43.3M	32.2M	35.8M	36.8M	54M	45.6M	37M	—
Income tax	12.3M	11.1M	9.2M	10.2M	12M	8M	10.6M	9.7M	15.8M	12.2M	11.6M	—
Net income	32.7M	27.3M	22M	27.3M	31.3M	24.1M	25.2M	37.7M	34.9M	35.1M	25M	—
Net margin	5.56%	5.36%	3.96%	5.02%	6.08%	4.72%	5.06%	5.91%	5.72%	5.7%	4.3%	—
EBITDA	52.7M	46.7M	38.3M	44M	51.2M	42.3M	45.1M	43.6M	55.9M	50.1M	51.4M	—
EPS	1.23	1.02	0.83	1.03	1.18	0.91	0.96	1.43	1.32	1.34	0.77	1.17
Diluted EPS	1.22	1.02	0.82	1.02	1.17	0.91	0.95	1.43	1.32	1.33	0.76	1.16

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	936.4M	1.1B	1.2B	834.5M	1.3B	1.5B	1.3B	2.1B	1.6B	2B	2.3B
Enterprise value	996.6M	1.1B	1.3B	961.6M	1.4B	1.5B	1.4B	2B	1.4B	1.7B	2B
Shares outstanding	27.7M	27.6M	26.9M	26.7M	26.7M	26.6M	26.6M	26.6M	26.5M	26.2M	26.2M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	18.5	19.4	18.8	12.1	17.9	14.1	10.9	18.1	15	14.9	18.9
P/S	0.7	0.76	0.87	0.53	0.85	0.82	0.63	0.94	0.78	0.81	0.94
P/B	2.71	2.88	2.81	1.72	2.36	2.26	1.67	2.32	1.65	1.85	2.13
EV/EBITDA	10	11.1	11.9	8.17	10.6	8.77	7.4	10.4	7.51	8.37	10.4
EV/Sales	0.75	0.79	0.93	0.61	0.87	0.83	0.66	0.89	0.66	0.69	0.8
Earnings yield	5.4%	5.14%	5.31%	8.28%	5.6%	7.07%	9.16%	5.54%	6.68%	6.72%	5.29%
FCF yield	2.51%	7.02%	2.33%	-9.73%	8.88%	-2.93%	-1.9%	11.5%	18.3%	-6.11%	1.71%
PEG	—	—	—	—	—	—	—	—	—	—	-1.04

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	22.5%	22.8%	24.1%	24.6%	25.1%	25.3%	25%	24.8%	27.5%	25.2%	23.3%
Operating margin	6.55%	6.02%	5.94%	6.16%	6.91%	8.19%	8.24%	7.28%	6.94%	6.8%	5.98%
Net margin	3.8%	3.89%	4.6%	4.35%	4.74%	5.8%	5.77%	5.2%	5.22%	5.43%	4.91%
ROE	14.6%	14.8%	14.9%	14.2%	13.2%	16%	15.3%	12.8%	11%	12.4%	11.7%
ROA	6.82%	7.3%	8.04%	7.6%	7.08%	9.36%	8.44%	7%	5.73%	7.36%	5.53%
ROIC	12.6%	13.4%	11.7%	11.5%	12.4%	15.7%	14.6%	14.7%	14.5%	15.3%	16.3%
Return on tangible assets	8.15%	10%	13%	11.4%	10.3%	12.9%	10.9%	9.32%	8.21%	10.4%	9.29%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.59	1.61	1.7	1.68	1.69	1.95	1.95	1.94	1.71	2.24	2.13
Quick ratio	1.34	1.5	1.55	1.55	1.54	1.61	1.52	1.73	1.56	1.92	1.92
Debt / equity	0.49	0.44	0.39	0.44	0.31	0.27	0.22	0.16	0.13	0.11	0.11
Debt / assets	0.23	0.22	0.21	0.23	0.16	0.16	0.12	0.09	0.07	0.07	0.06
Net debt / EBITDA	0.61	0.46	0.79	1.08	0.34	0.14	0.39	-0.59	-1.45	-1.45	-1.66
Interest coverage	56.8	71.2	45.3	38.3	54.3	78.2	40.4	43.7	68.3	—	—
Effective tax rate	41.3%	34.3%	26.7%	28%	30.4%	28.1%	26.8%	28.1%	27.5%	28.4%	28.7%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	48	51.4	51	59.6	58.8	68.4	77.8	83.6	78.1	93.1	93.6
EPS (basic)	1.82	2	2.35	2.59	2.79	3.96	4.49	4.35	4.07	5.05	5.05
EPS (diluted)	1.8	1.98	2.33	2.58	2.77	3.93	4.48	4.33	4.05	5.03	4.66
Book value per share	12.5	13.5	15.8	18.2	21.1	24.8	29.4	33.9	36.9	40.7	41.4
FCF per share	0.85	2.73	1.03	-3.05	4.42	-1.64	-0.93	9.02	11.2	-4.6	2.1
Cash per share	3.96	4.29	2.97	3.24	4.86	5.83	3.88	9.51	14.7	15.7	17.4
Capex per share	0.08	0.25	0.3	0.2	0.33	0.05	0.21	0.29	0.15	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.17%	0.48%	0.58%	0.33%	0.56%	0.07%	0.27%	0.35%	0.19%	—	—
Capex / operating cash flow	-15.1%	6.03%	14.1%	-4.84%	9.31%	-4.23%	-9.61%	3.98%	1.37%	—	—
Payout ratio	0%	0%	—	—	—	—	—	—	—	14.8%	21.9%
Dividend yield	0%	0%	—	—	—	—	—	—	—	1%	1.23%

Yield

1.23%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.27

ex-dividend Aug 25, 2026

Payout ratio

22%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 25, 2026	$0.27
Jun 17, 2026	$0.27
Feb 24, 2026	$0.25
Nov 25, 2025	$0.25
Aug 26, 2025	$0.25

Split history

Date	Ratio
Dec 14, 2021	2:1
Apr 3, 2017	2:1

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$587.6M	$509.1M	$554.5M	$544.5M	$515.2M	$511M	$498.1M	$637.3M	$608.8M	$614.8M	$581.6M	—
YoY change	+19%	-18.4%	+12.7%	-5.16%	-12.3%	+0.38%	-10.2%	+17%	+18.2%	+20.3%	+16.8%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	109.8M	118.2M	79.8M	86.2M	129.6M	155.4M	103.1M	253M	389.4M	410.8M
Receivables	266M	268.3M	299.9M	375M	391.6M	430.4M	504.1M	644.6M	507.2M	653M
Inventory	93.6M	39.9M	50.5M	50.3M	70M	155.1M	243.3M	139.7M	120.4M	200.9M
Total current assets	597.3M	564.9M	560.1M	649.8M	777.6M	897.5M	1.1B	1.3B	1.4B	1.4B
Property, plant & equipment	15M	23.2M	18.7M	17.3M	18.3M	13M	75.1M	92.9M	35M	27.8M
Goodwill & intangibles	121.1M	205.9M	299.5M	305.1M	330.5M	307.6M	322.3M	411.2M	569.7M	528.4M
Total assets	741.7M	755.5M	786.2M	909.1M	1.1B	1.1B	1.4B	1.7B	1.9B	1.8B
Accounts payable	113.5M	106.9M	86.8M	82.9M	165.2M	136.2M	220.2M	315.7M	451.7M	264.6M
Short-term debt	159.6M	154.3M	154.2M	199.1M	154.5M	169.7M	165.4M	128.4M	117M	119.7M
Total current liabilities	376.5M	350.1M	328.9M	386.6M	459.4M	460M	561.3M	657M	797.9M	638.1M
Long-term debt	10.4M	10.1M	10.5M	14.2M	18.3M	9.9M	9.5M	12.9M	11.3M	—
Total liabilities	395.8M	382.9M	361.9M	423M	514.4M	505.5M	632.6M	751.7M	907.2M	732M
Shareholders' equity	345.9M	372.6M	424.3M	486.1M	562.4M	660.7M	782.3M	901.8M	977.6M	1.1B
Total debt	170M	164.4M	164.7M	213.3M	172.8M	179.6M	175M	141.3M	128.3M	119.7M
Net debt	60.3M	46.2M	84.9M	127.1M	43.3M	24.2M	71.9M	-111.7M	-261.1M	-291.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	82.5M	142.2M	253M	349.9M	187.5M	253.1M	389.4M	480.2M	402.2M	326.3M	410.8M	448.9M
Receivables	650M	597.4M	644.6M	577M	574.8M	585M	507.2M	687.9M	664.5M	684.9M	653M	749.2M
Inventory	222.1M	218M	139.7M	89.1M	93.9M	99M	120.4M	101.1M	154.1M	241M	200.9M	146M
Total current assets	1.3B	1.2B	1.3B	1.3B	1.2B	1.3B	1.4B	1.4B	1.4B	1.5B	1.4B	1.5B
Property, plant & equipment	76.8M	88.6M	92.9M	94.4M	104.1M	104.8M	35M	107.5M	109.4M	99.4M	27.8M	97.6M
Goodwill & intangibles	410.3M	402.5M	411.2M	403.6M	594.8M	581.2M	569.7M	558.8M	548.1M	538.1M	528.4M	519.3M
Total assets	1.6B	1.6B	1.7B	1.7B	1.7B	1.8B	1.9B	1.8B	1.8B	1.8B	1.8B	1.9B
Accounts payable	295.9M	294.7M	315.7M	270.6M	281.9M	313M	451.7M	320.4M	281.8M	291.4M	264.6M	317.1M
Short-term debt	212.4M	128.7M	128.4M	149.4M	144.6M	139.9M	117M	129.4M	98.5M	133.2M	119.7M	112.5M
Total current liabilities	700.4M	631.5M	657M	628.2M	649.9M	696.8M	797.9M	687.8M	628.1M	682.1M	638.1M	704.3M
Long-term debt	9.7M	12.2M	12.9M	10.9M	9.7M	9.6M	11.3M	—	—	—	—	—
Total liabilities	773.1M	717.8M	751.7M	729M	753.1M	803.4M	907.2M	778.7M	720.7M	768.4M	732M	795M
Shareholders' equity	845.7M	877.8M	901.8M	921.9M	947M	962.3M	977.6M	1B	1B	1.1B	1.1B	1.1B
Total debt	222.2M	140.9M	141.3M	160.3M	154.4M	149.5M	128.3M	129.4M	98.5M	133.2M	119.7M	112.5M
Net debt	139.7M	-1.3M	-111.7M	-189.6M	-33.2M	-103.5M	-261.1M	-350.8M	-303.6M	-193.1M	-291.1M	-336.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	50.6M	55.1M	63.2M	69.1M	74.4M	105.6M	119.4M	115.8M	108M	124.1M
Depreciation & amortization	11.7M	15.8M	18.6M	19.2M	20M	24.3M	18.6M	25.9M	29.6M	27.6M
Stock-based compensation	6M	6.5M	7.2M	8M	7.2M	7.1M	7.8M	9.7M	10M	12.1M
Change in working capital	-80.3M	37M	-35.3M	-203.5M	-3.7M	-163.2M	-206.5M	46.6M	137.1M	-314.9M
Operating cash flow	-14.7M	113M	56.9M	-109.6M	93.6M	-29.8M	-58.6M	195.4M	288.1M	-116.2M
Capital expenditure	-2.2M	6.8M	-8M	-5.3M	-8.7M	-1.3M	-5.6M	-7.8M	-3.9M	—
Investing cash flow	-16.5M	-51.3M	-85.8M	-20.3M	-35.8M	-1.3M	-18.9M	-62M	-128.9M	0
Dividends paid	0	0	—	—	—	—	—	—	—	-19.7M
Share repurchases	-30.5M	-35.2M	-18.8M	-14.4M	-6.9M	-13.6M	-7.2M	-9.9M	-46.9M	-30.6M
Financing cash flow	7.8M	-16.8M	18.5M	100.6M	-49.8M	47.2M	-20.9M	-36.6M	-37.6M	-16.5M
Net change in cash	-23.4M	45M	-10.4M	-29.3M	8.1M	16.2M	-98.5M	96.8M	121.7M	-132.8M
Free cash flow	23.5M	75.2M	27.8M	-81.2M	118M	-43.8M	-24.8M	239.9M	295.5M	-120.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	32.7M	27.3M	22M	27.3M	34.5M	38.8M	25.2M	27.1M	33.3M	33.4M	25.4M	30.3M
Depreciation & amortization	6.5M	7.3M	6.4M	5.9M	7.4M	9.6M	8.7M	7.4M	7.1M	6.7M	6.4M	6.2M
Stock-based compensation	2.4M	2.5M	2.6M	2.9M	2.7M	3.1M	1.6M	3.4M	3.8M	3.4M	2.2M	3.1M
Change in working capital	-13.5M	68.9M	66.5M	55.5M	-75.6M	-59.6M	136.4M	-157.5M	-85.8M	-138.4M	70.8M	36.6M
Operating cash flow	28.1M	106M	95M	91.6M	-31.1M	-8.1M	175.8M	-99M	-34.8M	-87.4M	105M	76.5M
Capital expenditure	-1.7M	-2M	-547K	-1.9M	-2.5M	-462K	-1.6M	—	—	—	—	—
Investing cash flow	9.3M	-2M	-6.1M	-1.9M	-127.1M	-742K	-1.6M	—	—	0	0	—
Dividends paid	—	—	—	—	—	—	—	—	—	-6.5M	-6.5M	-7.1M
Share repurchases	-887K	-1.5M	-37K	-11.6M	-12M	-9.9M	-13.5M	-3.3M	-4M	-17M	-6.3M	-25.5M
Financing cash flow	-78M	-53.2M	59.5M	1.6M	-22.7M	11.4M	-8.6M	38.3M	-4M	-21.7M	-56.5M	-37.8M
Net change in cash	-40.6M	50.8M	148.3M	91.3M	-180.9M	2.5M	165.6M	-60.6M	-38.8M	-109.1M	48.5M	38.6M
Free cash flow	29.3M	131.1M	104.2M	95.2M	-24.3M	62.9M	159.1M	-99.8M	-35.8M	-88.9M	103.8M	75.6M

ePlus Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement