PLUS · Eplus Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · PLUS

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$2.07B	$2.23B	$2.07B	$1.82B	$1.57B	$1.59B
Cost of Revenue	$1.50B	$1.67B	$1.55B	$1.36B	$1.17B	$1.20B
Gross Profit	$569.12M	$550.79M	$517.52M	$460.98M	$393.55M	$391.19M
R&D	-	-	-	-	-	-
SG&A	$399.74M	$367.73M	$333.52M	$297.12M	$271.26M	$279.18M
Total Operating Expenses	$427.71M	$392.54M	$351.36M	$313.67M	$287.22M	$295.91M
D&A	$29.60M	$25.93M	$18.59M	$24.30M	$19.99M	$19.16M
Operating Income	$141.41M	$158.26M	$166.16M	$147.32M	$106.33M	$95.28M
Interest Expense	-	$3.78M	$4.13M	$1.90M	$2.00M	$2.57M
Income Tax	$40.86M	$45.32M	$43.62M	$41.28M	$32.51M	$26.88M
Net Income	$107.98M	$115.78M	$119.36M	$105.60M	$74.40M	$69.08M
EPS - Basic	$4.07	$4.35	$4.49	$3.96	$2.79	$2.59
EPS - Diluted	$4.05	$4.33	$4.48	$3.93	$2.77	$2.58

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$389.38M	$253.02M	$103.09M	$155.38M	$129.56M	$86.23M
Accounts Receivable	$517.11M	$644.62M	$504.12M	$430.38M	$391.57M	$375.00M
Inventory	$120.44M	$139.69M	$243.29M	$155.06M	$69.96M	$50.27M
Accounts Payable	$451.73M	$315.68M	$220.16M	$136.16M	$165.16M	$82.92M
Current Assets	$1.36B	$1.27B	$1.10B	$897.48M	$777.59M	$649.80M
Total Assets	$1.88B	$1.65B	$1.41B	$1.17B	$1.08B	$909.11M
Current Liabilities	$797.88M	$656.99M	$561.33M	$460.04M	$459.36M	$386.64M
Long-term Debt	$38.77M	-	-	-	-	-
Total Liabilities	$907.18M	$751.69M	$632.56M	$505.46M	$514.37M	$422.97M
Stockholders' Equity	$977.62M	$901.78M	$782.26M	$660.74M	$562.41M	$486.14M
Retained Earnings	$850.96M	$742.98M	$627.20M	$507.85M	$484.62M	$410.22M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$302.14M	$248.45M	($15.43M)	($20.57M)	$129.51M	($74.17M)
Investing Cash Flow	($128.87M)	($61.96M)	($18.93M)	($1.26M)	($35.76M)	($20.34M)
Financing Cash Flow	($37.58M)	($36.62M)	($20.95M)	$47.18M	($49.80M)	$100.63M
CapEx	$5.27M	$7.66M	$8.09M	-	-	-
Free Cash Flow	$296.87M	$240.78M	($23.51M)	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	27.5%	24.8%	25.0%	25.3%	25.1%	24.6%
Operating margin	6.8%	7.1%	8.0%	8.1%	6.8%	6.0%
EBITDA margin	8.3%	8.3%	8.9%	9.4%	8.1%	7.2%
Net margin	5.2%	5.2%	5.8%	5.8%	4.7%	4.3%
Free cash flow margin	14.4%	10.8%	-1.1%	-	-	-
FCF / Net income	2.75	2.08	-0.20	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	19.3%	16.5%	16.1%	16.3%	17.3%	17.6%
Effective tax rate	27.5%	28.1%	26.8%	28.1%	30.4%	28.0%
Return on assets	5.7%	7.0%	8.4%	9.1%	6.9%	7.6%
Return on equity	11.0%	12.8%	15.3%	16.0%	13.2%	14.2%
Return on invested capital	10.1%	-	-	-	-	-
Liquidity
Current ratio	1.71	1.94	1.95	1.95	1.69	1.68
Quick ratio	1.56	1.73	1.52	1.61	1.54	1.55
Cash ratio	0.49	0.39	0.18	0.34	0.28	0.22
Leverage
Debt / Equity	0.04	-	-	-	-	-
Debt / Assets	0.02	-	-	-	-	-
Debt / EBITDA	0.23	-	-	-	-	-
Interest coverage	-	41.9x	40.2x	77.4x	53.0x	37.0x
Equity multiplier	1.93	1.83	1.81	1.77	1.91	1.87
Liabilities / Assets	0.48	0.45	0.45	0.43	0.48	0.47
Efficiency
Asset turnover	1.10	1.35	1.46	1.56	1.46	1.75
Inventory turnover	12.45	11.99	6.37	8.77	16.79	23.82
Days sales outstanding	91d	106d	89d	86d	91d	86d
Days inventory outstanding	29d	30d	57d	42d	22d	15d
Days payable outstanding	110d	69d	52d	37d	51d	25d
Cash conversion cycle	11d	67d	94d	91d	62d	76d
Valuation
P / E	15.1x	18.1x	10.9x	14.3x	18.0x	12.2x
P / B	1.7x	2.3x	1.7x	2.3x	1.2x	0.9x
P / S	0.8x	0.9x	0.6x	0.8x	0.4x	0.3x
EV / EBITDA	7.5x	10.0x	6.5x	7.9x	4.3x	2.9x
Growth
Revenue growth (YoY)	-7.0%	7.6%	13.5%	16.1%	-1.3%	15.7%
Revenue CAGR (3y)	4.3%	12.4%	9.2%	9.9%	3.6%	6.1%
Revenue CAGR (5y)	5.4%	10.1%	7.9%	6.5%	5.4%	6.8%
Gross profit growth (YoY)	3.3%	6.4%	12.3%	17.1%	0.6%	18.4%
Operating income growth (YoY)	-10.6%	-4.8%	12.8%	38.5%	11.6%	19.8%
Net income growth (YoY)	-6.7%	-3.0%	13.0%	41.9%	7.7%	9.3%
EPS growth (YoY)	-6.5%	-3.3%	14.0%	41.9%	7.6%	-44.6%
EPS CAGR (3y)	1.0%	16.1%	20.3%	-5.5%	-11.2%	-10.6%
EPS CAGR (5y)	9.5%	-1.4%	2.6%	1.8%	-14.6%	-16.1%
FCF growth (YoY)	23.3%	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	8.4%	15.3%	18.4%	17.5%	15.7%	14.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2026-03-31.

Business segments

$3.16B total

Product Reporting Unit$1.98B · 62.6%

Technology Reporting Unit$720.62M · 22.8%

Professional Services Reporting Unit$273.44M · 8.6%

Managed Services Reporting Unit$189.45M · 6.0%

All Other Segments$376.0K · 0.0%

Product / service

$4.42B total

Product$1.98B · 44.8%

Networking$933.82M · 21.1%

Data Center Cloud$668.47M · 15.1%

Service$462.88M · 10.5%

Security$239.73M · 5.4%

Other Product$85.35M · 1.9%

Collaboration$51.92M · 1.2%

Geographic

$2.44B total

US$2.35B · 96.2%

Non Us$92.67M · 3.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.38

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✓No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Wholesale-Computers & Peripheral Equipment & Software

Company	Revenue (last FY)	Net margin	ROE
SNX	$62.51B	1.3%	9.8%
CLMB	$652.52M	3.3%	18.3%
CNXN	$2.87B	2.9%	9.2%
SCSC	$3.04B	2.4%	7.9%
INGM	$52.56B	0.6%	7.7%

Comparing EPLUS INC against the 5 most active filers in the same SIC group.

Dividends

$0.75/share trailing 12 months

Ex-date	Per share
Feb 24, 2026	$0.2500
Nov 25, 2025	$0.2500
Aug 26, 2025	$0.2500
Dec 13, 2012	$0.6250