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ePlus (PLUS) Financials

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Annual Income Statements for ePlus

Annual Income Statements for ePlus

This table shows ePlus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 46 45 51 55 - 69 74 106 119 116 108
Consolidated Net Income / (Loss)		 46 45 51 55 - 69 74 106 119 116 108
Net Income / (Loss) Continuing Operations		 46 45 51 55 - 69 74 106 119 116 108
Total Pre-Tax Income 		78 76 86 84 - 96 107 147 163 161 149
Total Operating Income		 71 76 86 84 - 95 106 147 166 158 141
Total Gross Profit		 242 260 300 323 - 391 394 461 518 551 569
Total Revenue		 1,143 1,204 1,332 1,419 - 1,588 1,568 1,821 2,068 2,225 2,069
Operating Revenue		 1,143 1,204 1,332 1,419 - 1,588 1,568 1,821 2,068 2,225 2,069
Total Cost of Revenue		 901 944 1,032 1,095 - 1,197 1,175 1,360 1,550 1,675 1,500
Operating Cost of Revenue		 901 944 1,032 1,095 - 1,197 1,175 1,360 1,550 1,675 1,500
Total Operating Expenses		 171 185 214 239 - 296 287 314 347 389 425
Selling, General & Admin Expense		 167 179 205 228 - 279 271 297 334 368 400
Depreciation Expense		 4.33 5.55 7.25 9.92 - 14 14 15 14 21 26
Total Other Income / (Expense), net		 7.60 0.00 0.38 -0.35 - 0.68 0.57 -0.43 -7.32 -0.94 5.22
Interest Expense		 - - - - - - - - 4.13 3.78 2.21
Other Income / (Expense), net		 7.60 0.00 0.38 -0.35 - 0.68 0.57 -0.43 -3.19 2.84 7.43
Income Tax Expense		 32 31 36 29 - 27 33 41 44 45 41
Basic Earnings per Share		 $3.13 $3.08 $3.65 $4.00 - $2.59 $2.79 $3.96 $4.49 $4.35 $4.07
Weighted Average Basic Shares Outstanding		 14.64M 14.51M 13.87M 13.79M 13.45M 26.65M 26.67M 26.64M 26.57M 26.61M 26.50M
Diluted Earnings per Share		 $3.10 $3.05 $3.60 $3.95 - $2.57 $2.77 $3.93 $4.48 $4.33 $4.05
Weighted Average Diluted Shares Outstanding		 14.79M 14.69M 14.03M 13.97M 13.45M 26.83M 26.83M 26.87M 26.65M 26.72M 26.67M

Quarterly Income Statements for ePlus

This table shows ePlus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 34 33 27 22 27 31 24 25 38 35 35
Consolidated Net Income / (Loss)		 34 33 27 22 27 31 24 25 38 35 35
Net Income / (Loss) Continuing Operations		 34 33 27 22 24 20 15 25 27 38 33
Total Pre-Tax Income 		47 45 38 31 33 27 20 36 37 54 46
Total Operating Income		 46 45 38 29 31 27 16 35 36 49 43
Total Gross Profit		 142 144 134 130 127 127 125 146 148 162 159
Total Revenue		 574 588 509 554 536 493 493 498 637 609 615
Operating Revenue		 574 588 509 554 536 493 493 498 637 609 615
Total Cost of Revenue		 432 443 375 424 409 366 368 352 489 447 456
Operating Cost of Revenue		 432 443 375 424 409 366 368 352 489 447 456
Total Operating Expenses		 96 100 95 101 95 100 109 109 112 113 115
Selling, General & Admin Expense		 90 93 89 95 91 95 101 103 105 106 109
Depreciation Expense		 4.79 5.63 5.40 5.20 4.82 5.77 7.68 7.49 7.07 6.81 6.49
Total Other Income / (Expense), net		 0.19 0.12 -0.62 2.16 1.71 0.32 3.45 -0.57 0.61 5.16 2.12
Other Income / (Expense), net		 0.19 0.12 0.37 2.16 1.71 0.32 3.45 1.12 0.61 5.16 2.12
Income Tax Expense		 13 12 11 9.20 8.98 7.51 5.35 11 9.68 16 12
Net Income / (Loss) Discontinued Operations		 - - - - 3.15 12 9.57 - 11 -3.31 1.65
Basic Earnings per Share		 $1.27 $1.23 $1.02 $0.83 $1.03 $1.18 $0.91 $0.95 $1.43 $1.32 $1.34
Weighted Average Basic Shares Outstanding		 26.55M 26.62M 26.62M 26.61M 26.64M 26.57M 26.50M 26.50M 26.27M 26.36M 26.17M
Diluted Earnings per Share		 $1.27 $1.22 $1.02 $0.82 $1.02 $1.17 $0.91 $0.95 $1.43 $1.32 $1.33
Weighted Average Diluted Shares Outstanding		 26.65M 26.68M 26.70M 26.72M 26.80M 26.68M 26.62M 26.67M 26.38M 26.41M 26.29M

Annual Cash Flow Statements for ePlus

This table details how cash moves in and out of ePlus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -4.00 19 15 8.44 -38 6.42 43 26 -52 150 136
Net Cash From Operating Activities		 14 14 33 83 39 -74 130 -21 -15 248 302
Net Cash From Continuing Operating Activities		 14 14 33 83 39 -74 130 -21 -15 248 302
Net Income / (Loss) Continuing Operations		 46 45 51 55 63 69 74 106 119 116 108
Consolidated Net Income / (Loss)		 46 45 51 55 63 69 74 106 119 116 108
Depreciation Expense		 16 16 12 16 19 19 20 24 19 26 30
Non-Cash Adjustments To Reconcile Net Income		 -14 -9.17 -6.71 -10 -3.85 8.07 5.83 2.84 5.01 10 12
Changes in Operating Assets and Liabilities, net		 -33 -37 -23 22 -39 -170 29 -153 -158 96 153
Net Cash From Investing Activities		 -31 -50 -26 -58 -96 -20 -36 -1.26 -19 -62 -129
Net Cash From Continuing Investing Activities		 -31 -50 -26 -58 -96 -20 -36 -1.26 -19 -62 -129
Purchase of Property, Plant & Equipment		 -12 -14 -9.56 -7.59 -12 -7.01 -12 -23 -9.38 -8.50 -6.60
Acquisitions		 -8.06 -17 -9.14 -38 - -15 -27 0.00 -13 -54 -125
Sale of Property, Plant & Equipment		 54 64 76 87 77 1.71 2.79 22 3.74 0.72 2.66
Net Cash From Financing Activities		 12 54 7.81 -17 18 101 -50 47 -21 -37 -38
Net Cash From Continuing Financing Activities		 12 54 7.81 -17 18 101 -50 47 -21 -37 -38
Repayment of Debt		 -2.21 -0.26 -40 -52 -43 -38 -74 -100 -196 -280 -19
Repurchase of Common Equity		 -38 -11 -30 -35 -19 -14 -6.95 -14 -7.22 -9.85 -47
Issuance of Debt		 52 67 80 72 88 153 32 161 182 250 27
Issuance of Common Equity		 - - - - - - - 0.00 0.00 3.02 3.64
Other Financing Activities, net		 0.00 -1.16 -1.14 -2.10 -7.63 - -0.56 - 0.00 0.00 -2.31
Effect of Exchange Rate Changes		 -0.08 0.21 0.51 0.11 -0.04 0.29 -0.62 0.47 3.02 0.06 0.65
Cash Interest Paid		 0.24 0.08 0.04 0.60 1.86 2.26 1.44 1.71 4.07 3.77 2.30
Cash Income Taxes Paid		 35 30 32 32 20 28 32 47 52 42 49

Quarterly Cash Flow Statements for ePlus

This table details how cash moves in and out of ePlus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 -1.52 -19 60 111 97 -162 66 136 91 -78 -76
Net Cash From Operating Activities		 -21 31 133 105 97 -22 66 161 -99 -35 -87
Net Cash From Continuing Operating Activities		 -21 31 133 105 110 -22 66 161 -106 -32 -86
Net Income / (Loss) Continuing Operations		 34 33 27 22 24 31 24 25 27 38 33
Consolidated Net Income / (Loss)		 34 33 27 22 27 31 24 25 38 35 35
Net Income / (Loss) Discontinued Operations		 - - - - 3.15 - - - 11 -3.31 1.65
Depreciation Expense		 5.76 6.53 7.28 6.37 5.21 6.66 8.36 8.66 7.41 7.11 6.67
Non-Cash Adjustments To Reconcile Net Income		 2.52 2.88 2.50 2.54 2.90 3.59 3.19 1.72 4.08 2.67 3.84
Changes in Operating Assets and Liabilities, net		 -63 -11 96 74 78 -63 30 125 -145 -80 -130
Net Cash From Discontinued Operating Activities		 - - - - -13 - - - 7.04 -3.16 -1.65
Net Cash From Investing Activities		 -63 9.26 -2.00 -6.13 -1.91 -126 0.43 -1.55 156 -0.99 -1.39
Net Cash From Continuing Investing Activities		 -63 9.26 -2.00 -6.13 -0.64 -126 0.43 -1.55 -0.82 -0.99 -1.39
Purchase of Property, Plant & Equipment		 -3.70 -1.91 -2.10 -0.80 -0.64 -1.29 -1.49 -1.86 -0.84 -0.99 -1.42
Net Cash From Financing Activities		 83 -60 -71 12 1.61 -16 0.85 -24 32 -42 13
Net Cash From Continuing Financing Activities		 83 -60 -71 12 2.34 -16 0.85 -24 38 -42 13
Repurchase of Common Equity		 -7.47 -0.89 -1.46 -0.04 -12 -12 -9.91 -13 -3.30 -4.05 -17
Payment of Dividends		 - - - - - - - - - - -6.54
Issuance of Debt		 130 79 26 14 14 6.01 12 -8.47 40 -31 35
Issuance of Common Equity		 1.40 - 1.62 - 1.81 - 1.82 - 1.76 - 1.85
Effect of Exchange Rate Changes		 -0.13 0.42 -0.22 -0.01 0.06 0.97 -1.43 1.06 1.99 -0.73 -0.00
Cash Interest Paid		 0.57 1.31 1.05 0.84 0.07 0.56 0.51 0.58 0.07 0.03 0.01
Cash Income Taxes Paid		 3.61 19 10 8.79 10 25 9.43 4.23 3.13 15 13

Annual Balance Sheets for ePlus

This table presents ePlus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Total Assets		 568 617 742 755 786 909 1,077 1,166 1,415 1,653 1,885
Total Current Assets		 441 478 597 565 560 650 778 897 1,095 1,274 1,364
Cash & Equivalents		 76 95 110 118 80 86 130 155 103 253 389
Accounts Receivable		 250 276 291 297 341 412 433 479 560 692 536
Inventories, net		 20 33 94 40 50 50 70 155 243 199 187
Other Current Assets		 28 17 51 40 25 32 39 46 99 27 29
Other Current Nonoperating Assets		 - - - - - - - - - - 222
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 99
Total Noncurrent Assets		 128 139 144 191 226 259 299 269 320 380 422
Goodwill		 41 42 48 77 111 118 127 127 136 162 203
Intangible Assets		 - 12 12 26 39 34 39 27 25 44 82
Noncurrent Deferred & Refundable Income Taxes		 0.60 - - - - 0.00 1.47 5.05 3.68 5.62 3.66
Other Noncurrent Nonoperating Assets		 - - - - - - - - - - 134
Total Liabilities & Shareholders' Equity		 568 617 742 755 786 909 1,077 1,166 1,415 1,653 1,885
Total Liabilities		 289 298 396 383 362 423 514 505 633 752 907
Total Current Liabilities		 258 273 376 350 329 387 459 460 561 657 798
Accounts Payable		 166 199 246 219 203 210 264 281 355 421 414
Current Deferred Revenue		 34 18 65 36 47 55 73 86 114 135 153
Current Employee Benefit Liabilities		 15 15 19 20 21 31 37 40 37 44 42
Other Current Liabilities		 43 41 46 76 57 23 30 28 24 35 22
Other Current Nonoperating Liabilities		 - - - - - - - - - - 166
Total Noncurrent Liabilities		 31 24 19 33 33 36 55 45 71 95 109
Noncurrent Deferred Revenue		 - - - - - - - - - - 82
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 3.00 1.80 1.66 4.92 2.73 - 0.00 0.72 0.00 1.45
Other Noncurrent Operating Liabilities		 31 21 18 31 28 28 37 36 61 82 14
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - - 13
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 279 319 346 373 424 486 562 661 782 902 978
Total Preferred & Common Equity		 279 319 346 373 424 486 562 661 782 902 978
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 279 319 346 373 424 486 562 661 782 902 978
Common Stock		 111 118 124 130 137 145 153 160 168 180 194
Retained Earnings		 286 331 223 278 341 410 485 508 627 743 851
Treasury Stock		 -118 -130 0.00 -36 -54 -68 -75 -6.73 -14 -24 -71
Accumulated Other Comprehensive Income / (Loss)		 -0.24 -0.47 -0.58 0.53 -0.27 -0.99 0.66 -0.12 1.57 2.28 3.44

Quarterly Balance Sheets for ePlus

This table presents ePlus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2022 12/31/2022 6/30/2023 9/30/2023 12/31/2023 6/30/2024 9/30/2024 12/31/2024 6/30/2025 9/30/2025 12/31/2025
Total Assets		 1,371 1,598 1,681 1,619 1,596 1,651 1,700 1,766 1,799 1,767 1,832
Total Current Assets		 1,070 1,293 1,276 1,269 1,219 1,264 1,202 1,277 1,402 1,373 1,454
Cash & Equivalents		 100 99 102 82 142 350 188 253 480 402 326
Accounts Receivable		 569 746 757 723 647 632 664 656 739 721 742
Inventories, net		 275 245 244 222 218 89 94 167 168 225 318
Other Current Assets		 61 98 92 105 101 84 121 51 15 24 69
Other Current Nonoperating Assets		 - - - - - - - - 0.00 0.00 0.00
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 105 108 109 99
Total Noncurrent Assets		 301 304 405 350 376 387 498 384 289 285 278
Goodwill		 136 136 158 158 158 162 203 203 203 203 203
Intangible Assets		 30 28 51 47 43 40 94 88 76 71 66
Noncurrent Deferred & Refundable Income Taxes		 5.06 4.86 3.68 3.68 3.68 5.62 5.63 6.09 9.85 11 9.05
Other Noncurrent Nonoperating Assets		 - - - - - - - - 0.00 0.00 0.00
Total Liabilities & Shareholders' Equity		 1,371 1,598 1,681 1,619 1,596 1,651 1,700 1,766 1,799 1,767 1,832
Total Liabilities		 666 851 868 773 718 729 753 803 779 721 768
Total Current Liabilities		 607 794 801 700 631 628 650 697 688 628 682
Accounts Payable		 329 454 534 464 387 390 398 429 450 380 425
Current Deferred Revenue		 108 126 119 119 130 139 143 154 159 163 168
Current Employee Benefit Liabilities		 34 41 41 39 45 40 45 53 46 46 53
Other Current Liabilities		 33 28 31 35 32 29 35 37 33 39 36
Other Current Nonoperating Liabilities		 - - - - - - - - 0.00 0.00 0.00
Total Noncurrent Liabilities		 58 58 67 73 86 101 103 107 91 93 86
Noncurrent Deferred Revenue		 - - - - - - - - 78 80 75
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.72 0.72 0.56 - - - 0.00 0.00 0.00
Other Noncurrent Operating Liabilities		 46 51 61 62 74 90 93 97 13 12 12
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - 0.00 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 706 746 813 846 878 922 947 962 1,020 1,046 1,063
Total Preferred & Common Equity		 706 746 813 846 878 922 947 962 1,020 1,046 1,063
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 706 746 813 846 878 922 947 962 1,020 1,046 1,063
Common Stock		 163 165 171 174 178 185 188 192 199 202 208
Retained Earnings		 559 594 661 694 721 770 802 826 889 917 945
Treasury Stock		 -14 -14 -21 -22 -24 -36 -47 -58 -74 -78 -95
Accumulated Other Comprehensive Income / (Loss)		 -2.53 0.60 2.52 0.77 2.79 2.35 5.23 1.86 6.60 5.40 5.49

Annual Metrics And Ratios for ePlus

This table displays calculated financial ratios and metrics derived from ePlus' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.11% 5.33% 10.59% 6.53% 0.00% 0.00% -1.26% 16.11% 13.55% 7.62% -7.03%
EBITDA Growth		 25.43% -2.30% 6.66% 1.92% -81.31% 517.60% 10.24% 34.90% 6.06% 3.01% -4.59%
EBIT Growth		 30.31% -3.27% 13.68% -2.58% -100.00% 0.00% 11.41% 37.40% 10.95% -1.15% -7.61%
NOPAT Growth		 17.34% 8.11% 12.48% 9.97% -100.00% 0.00% 7.88% 43.12% 14.90% -6.54% -9.80%
Net Income Growth		 29.96% -2.38% 12.98% 9.03% 0.00% 0.00% 7.69% 41.94% 13.03% -3.00% -6.74%
EPS Growth		 29.96% -2.38% 12.98% 9.72% 0.00% 0.00% 7.69% 41.88% 13.99% -3.35% -6.47%
Operating Cash Flow Growth		 275.25% -2.09% 133.99% 150.68% -52.38% -288.21% 274.60% -115.88% 25.02% 1,710.69% 21.61%
Free Cash Flow Firm Growth		 -27.06% -3.20% 61.40% -3.09% -342.65% 33.75% 166.49% 84.80% -179.38% 354.93% 8.24%
Invested Capital Growth		 9.07% 10.35% 5.38% 7.73% 35.39% 37.23% 7.27% 6.44% 33.33% -4.80% -8.46%
Revenue Q/Q Growth		 0.65% 2.74% 2.76% -0.37% 0.00% 0.00% 0.00% 5.74% 2.01% 2.88% -2.65%
EBITDA Q/Q Growth		 11.74% 0.14% 2.89% 0.97% -81.76% 461.13% 616.89% 6.74% 3.76% -4.66% 4.05%
EBIT Q/Q Growth		 12.48% 1.74% 3.28% -0.67% -100.00% 0.00% 0.00% 8.38% 5.11% -6.48% 3.23%
NOPAT Q/Q Growth		 1.68% 2.40% 1.08% -2.41% -100.00% 0.00% 0.00% 8.57% 7.68% -9.88% 4.03%
Net Income Q/Q Growth		 1.52% 2.40% 1.07% -2.81% 0.00% 0.00% 0.00% 8.97% 7.77% -8.58% 3.07%
EPS Q/Q Growth		 1.52% 2.40% 1.07% -3.42% 0.00% 0.00% 0.00% -66.09% 7.69% -9.03% 3.32%
Operating Cash Flow Q/Q Growth		 67.32% 113.01% -46.34% 58.74% 9.13% -97.86% 2,133.65% -856.01% 66.52% -9.69% 22.75%
Free Cash Flow Firm Q/Q Growth		 -40.63% 93.33% 6.99% 178.42% -329.88% 32.29% -51.09% 165.42% 59.61% 5.42% 15.04%
Invested Capital Q/Q Growth		 -7.13% -10.39% -10.59% -17.27% 6.03% 14.47% 52.78% -0.33% -9.89% -12.63% -15.62%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.18% 21.61% 22.51% 22.80% 0.00% 24.63% 25.09% 25.31% 25.03% 24.75% 27.51%
EBITDA Margin		 8.21% 7.62% 7.35% 7.03% 0.00% 7.25% 8.09% 9.40% 8.78% 8.40% 8.63%
Operating Margin		 6.18% 6.29% 6.44% 5.94% 0.00% 6.00% 6.78% 8.09% 8.04% 7.11% 6.84%
EBIT Margin		 6.85% 6.29% 6.47% 5.91% 0.00% 6.04% 6.82% 8.07% 7.88% 7.24% 7.19%
Profit (Net Income) Margin		 4.01% 3.72% 3.80% 3.89% 0.00% 4.35% 4.74% 5.80% 5.77% 5.20% 5.22%
Tax Burden Percent		 58.53% 59.07% 58.71% 65.71% 0.00% 71.99% 69.59% 71.89% 73.24% 71.87% 72.55%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 41.47% 40.93% 41.29% 34.29% 0.00% 28.01% 30.41% 28.11% 26.76% 28.13% 27.45%
Return on Invested Capital (ROIC)		 21.26% 20.95% 21.87% 22.57% 0.00% 16.79% 15.11% 20.24% 19.33% 16.20% 15.64%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.57% 20.95% 21.65% 22.77% 0.00% 15.74% 13.95% 20.59% 21.87% 14.74% 13.74%
Return on Net Nonoperating Assets (RNNOA)		 -4.46% -5.99% -6.66% -7.22% 0.00% -1.61% -0.92% -2.97% -2.79% -2.45% -4.15%
Return on Equity (ROE)		 16.80% 14.96% 15.21% 15.34% 0.00% 15.18% 14.19% 17.27% 16.54% 13.75% 11.49%
Cash Return on Invested Capital (CROIC)		 12.59% 11.11% 16.64% 15.13% -30.07% -14.60% 8.10% 14.00% -9.24% 21.12% 24.47%
Operating Return on Assets (OROA)		 13.96% 12.79% 12.68% 11.21% 0.00% 11.32% 10.77% 13.10% 12.63% 10.50% 8.41%
Return on Assets (ROA)		 8.17% 7.55% 7.44% 7.36% 0.00% 8.15% 7.49% 9.42% 9.25% 7.55% 6.10%
Return on Common Equity (ROCE)		 16.80% 14.96% 15.21% 15.34% 0.00% 15.18% 14.19% 17.27% 16.54% 13.75% 11.49%
Return on Equity Simple (ROE_SIMPLE)		 16.41% 14.03% 14.62% 14.79% 0.00% 14.21% 13.23% 15.98% 15.26% 12.84% 11.05%
Net Operating Profit after Tax (NOPAT)		 41 45 50 55 0.00 69 74 106 122 114 103
NOPAT Margin		 3.62% 3.72% 3.78% 3.90% 0.00% 4.32% 4.72% 5.82% 5.89% 5.11% 4.96%
Net Nonoperating Expense Percent (NNEP)		 5.69% 0.00% 0.22% -0.20% 0.00% 1.05% 1.15% -0.35% -2.54% 1.46% 1.90%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 10.09%
Cost of Revenue to Revenue		 78.82% 78.39% 77.49% 77.20% 0.00% 75.37% 74.91% 74.69% 74.97% 75.25% 72.49%
SG&A Expenses to Revenue		 14.62% 14.86% 15.41% 16.08% 0.00% 17.58% 17.30% 16.32% 16.13% 16.53% 19.32%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 15.00% 15.32% 16.07% 16.86% 0.00% 18.63% 18.31% 17.22% 16.99% 17.64% 20.57%
Earnings before Interest and Taxes (EBIT)		 78 76 86 84 0.00 96 107 147 163 161 149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 94 92 98 100 19 115 127 171 182 187 178
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.30 1.89 2.76 2.91 2.85 1.74 2.39 2.28 1.69 2.35 1.67
Price to Tangible Book Value (P/TBV)		 2.69 2.28 3.35 4.02 4.40 2.54 3.39 2.97 2.12 3.04 2.36
Price to Revenue (P/Rev)		 0.56 0.50 0.72 0.76 0.00 0.53 0.86 0.83 0.64 0.95 0.79
Price to Earnings (P/E)		 14.01 13.46 18.91 19.66 0.00 12.25 18.09 14.27 11.06 18.29 15.15
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 7.14% 7.43% 5.29% 5.09% 0.00% 8.16% 5.53% 7.01% 9.05% 5.47% 6.60%
Enterprise Value to Invested Capital (EV/IC)		 2.79 2.27 3.58 3.80 3.27 1.76 2.54 2.57 1.75 2.77 2.05
Enterprise Value to Revenue (EV/Rev)		 0.50 0.42 0.64 0.68 0.00 0.52 0.82 0.76 0.61 0.85 0.62
Enterprise Value to EBITDA (EV/EBITDA)		 6.03 5.53 8.65 9.68 60.51 7.23 10.17 8.10 6.92 10.16 7.20
Enterprise Value to EBIT (EV/EBIT)		 7.23 6.70 9.83 11.51 0.00 8.68 12.07 9.44 7.71 11.80 8.63
Enterprise Value to NOPAT (EV/NOPAT)		 13.68 11.34 16.82 17.45 0.00 12.14 17.43 13.09 10.33 16.71 12.53
Enterprise Value to Operating Cash Flow (EV/OCF)		 39.29 35.98 25.64 11.67 28.62 0.00 9.96 0.00 0.00 7.65 4.25
Enterprise Value to Free Cash Flow (EV/FCFF)		 23.11 21.40 22.11 26.02 0.00 0.00 32.53 18.92 0.00 12.81 8.01
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.15 0.13 0.05 0.05 0.04 0.04
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.02 0.01 0.01 0.01
Financial Leverage		 -0.29 -0.29 -0.31 -0.32 -0.25 -0.10 -0.07 -0.14 -0.13 -0.17 -0.30
Leverage Ratio		 2.06 1.98 2.04 2.08 1.93 1.86 1.89 1.83 1.79 1.82 1.88
Compound Leverage Factor		 2.06 1.98 2.04 2.08 0.00 1.86 1.89 1.83 1.79 1.82 1.88
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 13.02% 11.65% 4.93% 4.90% 3.86% 3.81%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 11.97% 8.77% 3.51% 3.75% 2.48% 2.70%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 1.05% 2.88% 1.42% 1.16% 1.38% 1.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 86.98% 88.35% 95.07% 95.10% 96.14% 96.19%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.63 0.58 0.20 0.22 0.19 0.22
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.12 -0.44 -0.71 -0.35 -1.16 -1.96
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.05 0.14 0.06 0.05 0.07 0.06
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.06 1.00 0.32 0.33 0.32 0.38
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.20 -0.75 -1.14 -0.52 -1.91 -3.42
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.09 0.25 0.09 0.08 0.11 0.11
Altman Z-Score		 4.89 4.72 4.41 4.80 2.96 4.27 4.34 4.83 4.17 4.43 3.43
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.71 1.75 1.59 1.61 1.70 1.68 1.69 1.95 1.95 1.94 1.71
Quick Ratio		 1.52 1.56 1.20 1.38 1.47 1.47 1.46 1.51 1.34 1.59 1.42
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 25 24 38 37 -90 -60 40 73 -58 148 161
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% -1,398.45% 1,484.83% -1,633.92% -273.59% 3,192.61% 7,666.71%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72.60
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 136.66
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 134.87
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.04 2.03 1.96 1.90 0.00 1.87 1.58 1.62 1.60 1.45 1.17
Accounts Receivable Turnover		 4.64 4.58 4.69 4.83 0.00 4.22 3.72 3.99 3.98 3.56 3.28
Inventory Turnover		 42.44 35.50 16.27 16.42 0.00 23.76 19.54 12.09 7.78 8.74 7.76
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 5.50 5.18 4.64 4.71 0.00 5.79 4.96 4.99 4.87 4.32 3.12
Days Sales Outstanding (DSO)		 78.70 79.75 77.76 75.60 0.00 86.49 98.24 91.37 91.68 102.61 111.37
Days Inventory Outstanding (DIO)		 8.60 10.28 22.44 22.23 0.00 15.36 18.68 30.20 46.90 41.74 47.02
Days Payable Outstanding (DPO)		 66.42 70.48 78.66 77.51 0.00 62.99 73.66 73.17 74.90 84.53 117.07
Cash Conversion Cycle (CCC)		 20.88 19.55 21.54 20.32 0.00 38.86 43.25 48.39 63.67 59.82 41.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 203 224 236 254 344 473 507 540 720 685 627
Invested Capital Turnover		 5.87 5.64 5.79 5.78 0.00 3.89 3.20 3.48 3.28 3.17 3.15
Increase / (Decrease) in Invested Capital		 17 21 12 18 90 128 34 33 180 -35 -58
Enterprise Value (EV)		 566 508 846 966 1,128 833 1,290 1,386 1,257 1,900 1,285
Market Capitalization		 642 602 956 1,084 1,208 846 1,345 1,507 1,320 2,117 1,636
Book Value per Share		 $37.79 $42.62 $48.85 $26.71 $31.10 $35.98 $41.65 $24.57 $29.07 $33.46 $36.89
Tangible Book Value per Share		 $32.27 $35.38 $40.30 $19.33 $20.13 $24.69 $29.41 $18.85 $23.08 $25.83 $26.14
Total Capital		 279 319 346 373 424 559 637 695 823 938 1,016
Total Debt		 0.00 0.00 0.00 0.00 0.00 73 74 34 40 36 39
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 5.87 18 9.90 9.52 13 11
Net Debt		 -76 -95 -110 -118 -80 -13 -55 -121 -63 -217 -351
Capital Expenditures (CapEx)		 -43 -50 -67 -79 -65 5.30 8.72 1.26 5.64 7.78 3.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 106 110 111 97 151 244 245 306 462 387 204
Debt-free Net Working Capital (DFNWC)		 183 205 221 215 231 330 374 462 565 640 593
Net Working Capital (NWC)		 183 205 221 215 231 263 318 437 534 617 566
Net Nonoperating Expense (NNE)		 -4.45 0.00 -0.22 0.23 0.00 -0.49 -0.40 0.31 2.33 -2.04 -5.39
Net Nonoperating Obligations (NNO)		 -76 -95 -110 -118 -80 -13 -55 -121 -63 -217 -351
Total Depreciation and Amortization (D&A)		 16 16 12 16 19 19 20 24 19 26 30
Debt-free, Cash-free Net Working Capital to Revenue		 9.30% 9.12% 8.34% 6.81% 0.00% 15.35% 15.59% 16.83% 22.32% 17.38% 9.86%
Debt-free Net Working Capital to Revenue		 15.97% 16.98% 16.58% 15.14% 0.00% 20.78% 23.85% 25.36% 27.31% 28.75% 28.68%
Net Working Capital to Revenue		 15.97% 16.98% 16.58% 15.14% 0.00% 16.57% 20.29% 24.02% 25.82% 27.71% 27.35%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $1.54 $1.83 $2.00 $2.35 $2.59 $0.00 $3.96 $4.49 $4.35 $4.07
Adjusted Weighted Average Basic Shares Outstanding		 29.27M 29.02M 27.73M 27.58M 26.90M 26.65M 26.67M 26.64M 26.57M 26.61M 26.50M
Adjusted Diluted Earnings per Share		 $0.00 $1.52 $1.80 $1.98 $2.33 $2.58 $0.00 $3.93 $4.48 $4.33 $4.05
Adjusted Weighted Average Diluted Shares Outstanding		 29.27M 29.38M 28.06M 27.93M 27.16M 26.83M 26.67M 26.87M 26.65M 26.72M 26.67M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.35 $2.59 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.27M 29.93M 28.32M 28.32M 27.22M 27.00M 26.67M 26.82M 26.83M 26.95M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 41 45 50 55 0.00 69 74 106 122 114 103
Normalized NOPAT Margin		 3.62% 3.72% 3.78% 3.90% 0.00% 4.32% 4.72% 5.82% 5.89% 5.11% 4.96%
Pre Tax Income Margin		 6.85% 6.29% 6.47% 5.91% 0.00% 6.04% 6.82% 8.07% 7.88% 7.24% 7.19%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 67.32
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46.40
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 65.54
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44.62
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.20% 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 82.41% 25.52% 60.32% 63.94% 0.00% 20.88% 9.34% 12.89% 6.05% 8.51% 43.47%

Quarterly Metrics And Ratios for ePlus

This table displays calculated financial ratios and metrics derived from ePlus' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 25.27% 19.02% -18.35% 12.65% -5.16% -12.33% 0.38% -10.16% 18.98% 23.40% 24.64%
EBITDA Growth		 47.25% 13.69% -15.51% -19.57% -16.86% -3.02% -11.31% 18.51% 15.23% 82.79% 87.06%
EBIT Growth		 49.93% 11.78% -22.19% -26.36% -19.30% -3.74% -16.28% 14.95% 10.98% 97.71% 128.89%
NOPAT Growth		 41.11% 4.41% -19.56% -37.84% -23.37% -5.18% -20.83% 19.30% 16.26% 76.35% 164.38%
Net Income Growth		 51.52% 14.74% -23.57% -33.09% -19.23% -4.15% -11.54% 14.62% 37.89% 11.32% 45.25%
EPS Growth		 51.19% 14.02% -23.88% -33.87% -19.69% -4.10% -10.78% 15.85% 40.20% 12.82% 46.15%
Operating Cash Flow Growth		 79.70% 286.73% 586.56% -20.25% 564.72% -169.24% -50.66% 53.35% -201.89% -60.79% -233.10%
Free Cash Flow Firm Growth		 -125.29% 49.69% 118.57% 137.44% 226.79% 179.08% 50.18% 49.64% -51.08% 394.59% -28.45%
Invested Capital Growth		 32.83% 13.19% -1.81% -4.80% -22.69% -2.28% -5.22% -8.46% -11.83% -19.32% -0.81%
Revenue Q/Q Growth		 16.66% 2.34% -13.37% 8.92% -1.79% -5.39% -0.82% -2.52% 27.95% -4.47% 0.98%
EBITDA Q/Q Growth		 11.99% -1.47% -11.30% -17.82% 15.77% 14.93% -18.89% 9.81% -0.61% 38.19% -14.49%
EBIT Q/Q Growth		 9.88% -3.31% -14.60% -18.83% 20.41% 15.33% -25.72% 11.44% 2.71% 46.69% -15.57%
NOPAT Q/Q Growth		 2.42% -3.35% -17.06% -24.29% 26.26% 19.60% -30.74% 14.08% 9.31% 29.37% -7.73%
Net Income Q/Q Growth		 3.02% -3.50% -16.48% -19.42% 24.36% 14.53% -22.92% 4.40% 49.62% -7.54% 0.57%
EPS Q/Q Growth		 2.42% -3.94% -16.39% -19.61% 24.39% 14.71% -22.22% 4.40% 50.53% -7.69% 0.76%
Operating Cash Flow Q/Q Growth		 -115.88% 249.45% 326.29% -21.18% -7.46% -122.27% 403.77% 144.98% -161.49% 64.86% -151.45%
Free Cash Flow Firm Q/Q Growth		 -10.37% 61.42% 166.30% 32.61% 273.74% -75.94% 25.93% 32.12% 20.48% 90.28% -79.92%
Invested Capital Q/Q Growth		 10.16% 3.05% -4.01% -12.63% -10.54% 30.25% -6.90% -15.62% -13.84% 19.19% 14.46%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 24.78% 24.57% 26.29% 23.51% 24.70% 28.73% 27.57% 29.26% 23.26% 26.63% 25.81%
EBITDA Margin		 9.10% 8.77% 8.98% 6.77% 7.98% 9.70% 7.93% 8.93% 6.94% 10.04% 8.50%
Operating Margin		 8.07% 7.63% 7.47% 5.23% 6.51% 8.29% 5.58% 6.97% 5.68% 8.02% 7.07%
EBIT Margin		 8.10% 7.65% 7.55% 5.62% 6.89% 8.40% 6.29% 7.19% 5.78% 8.87% 7.42%
Profit (Net Income) Margin		 5.89% 5.56% 5.36% 3.96% 5.02% 6.08% 4.72% 5.06% 5.92% 5.73% 5.70%
Tax Burden Percent		 72.75% 72.62% 71.02% 70.51% 72.82% 72.31% 75.04% 70.30% 102.40% 64.55% 76.89%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 27.25% 27.38% 28.98% 29.49% 27.18% 27.69% 24.96% 29.70% 26.31% 29.33% 26.74%
Return on Invested Capital (ROIC)		 18.45% 16.42% 14.51% 11.69% 14.82% 15.77% 11.65% 15.45% 15.76% 17.97% 16.85%
ROIC Less NNEP Spread (ROIC-NNEP)		 18.18% 15.11% 13.27% 10.60% 13.91% 15.30% 9.90% 15.17% 12.97% 17.85% 15.68%
Return on Net Nonoperating Assets (RNNOA)		 -1.22% -0.13% -0.34% -1.76% -2.64% -1.52% -1.69% -4.58% -5.27% -4.93% -4.22%
Return on Equity (ROE)		 17.23% 16.29% 14.17% 9.93% 12.18% 14.25% 9.97% 10.87% 10.49% 13.04% 12.63%
Cash Return on Invested Capital (CROIC)		 -9.27% 4.89% 17.78% 21.12% 40.66% 15.21% 18.28% 24.47% 31.02% 38.20% 19.87%
Operating Return on Assets (OROA)		 12.05% 11.66% 10.22% 8.16% 9.09% 10.75% 7.96% 8.41% 7.27% 11.70% 9.93%
Return on Assets (ROA)		 8.77% 8.47% 7.26% 5.75% 6.62% 7.78% 5.97% 5.92% 7.44% 7.55% 7.63%
Return on Common Equity (ROCE)		 17.23% 16.29% 14.17% 9.93% 12.18% 14.25% 9.97% 10.87% 10.49% 13.04% 12.63%
Return on Equity Simple (ROE_SIMPLE)		 16.09% 15.97% 14.43% 0.00% 11.85% 11.40% 10.89% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 34 33 27 20 26 31 21 24 27 35 32
NOPAT Margin		 5.87% 5.54% 5.31% 3.69% 4.74% 6.00% 4.19% 4.90% 4.19% 5.67% 5.18%
Net Nonoperating Expense Percent (NNEP)		 0.28% 1.31% 1.25% 1.09% 0.92% 0.47% 1.75% 0.28% 2.79% 0.12% 1.18%
Return On Investment Capital (ROIC_SIMPLE)		 - - 2.92% - - - 2.15% 2.40% 2.61% 3.30% 2.99%
Cost of Revenue to Revenue		 75.22% 75.43% 73.71% 76.49% 75.30% 71.27% 72.43% 70.74% 76.74% 73.37% 74.19%
SG&A Expenses to Revenue		 15.73% 15.77% 17.56% 17.21% 17.19% 19.21% 20.39% 20.67% 16.47% 17.49% 17.68%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 16.71% 16.93% 18.62% 18.28% 18.18% 20.43% 21.89% 21.95% 17.58% 18.61% 18.74%
Earnings before Interest and Taxes (EBIT)		 47 45 38 31 38 43 32 36 37 54 46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 52 52 46 38 43 50 41 44 44 61 52
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.86 2.02 2.45 2.35 2.15 2.79 2.06 1.67 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 2.50 2.67 3.18 3.04 2.76 4.07 2.95 2.36 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.69 0.75 0.99 0.95 0.90 1.24 0.93 0.79 0.00 0.00 0.00
Price to Earnings (P/E)		 11.54 12.67 16.98 18.29 18.17 24.48 18.90 15.15 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 0.57%
Earnings Yield		 8.66% 7.89% 5.89% 5.47% 5.50% 4.08% 5.29% 6.60% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.88 2.06 2.62 2.77 2.74 3.12 2.37 2.05 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.68 0.74 0.95 0.85 0.76 1.17 0.83 0.62 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 7.51 8.22 10.48 10.16 9.41 14.11 10.27 7.20 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.35 9.18 11.94 11.80 11.02 16.57 12.21 8.63 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 11.33 12.67 16.29 16.71 15.84 23.93 17.86 12.53 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.36 14.68 7.48 7.65 4.58 7.95 7.15 4.25 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 44.75 14.62 12.81 5.87 20.30 12.62 8.01 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.10 0.06 0.06 0.04 0.04 0.04 0.04 0.04 0.00 0.00 0.00
Long-Term Debt to Equity		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00
Financial Leverage		 -0.07 -0.01 -0.03 -0.17 -0.19 -0.10 -0.17 -0.30 -0.41 -0.28 -0.27
Leverage Ratio		 1.97 1.93 1.97 1.82 1.92 1.85 1.83 1.88 1.78 1.74 1.78
Compound Leverage Factor		 1.97 1.93 1.97 1.82 1.92 1.85 1.83 1.88 1.78 1.74 1.78
Debt to Total Capital		 9.04% 5.96% 5.23% 3.86% 4.23% 3.93% 3.39% 3.81% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 8.48% 4.88% 3.90% 2.48% 3.11% 2.94% 2.43% 2.70% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.56% 1.08% 1.32% 1.38% 1.13% 0.99% 0.97% 1.11% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 90.96% 94.04% 94.77% 96.14% 95.77% 96.07% 96.61% 96.19% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.41 0.26 0.25 0.19 0.23 0.22 0.20 0.22 0.00 0.00 0.00
Net Debt to EBITDA		 -0.10 -0.14 -0.48 -1.16 -1.73 -0.84 -1.28 -1.96 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.03 0.05 0.06 0.07 0.06 0.06 0.06 0.06 0.00 0.00 0.00
Debt to NOPAT		 0.62 0.40 0.38 0.32 0.38 0.37 0.34 0.38 0.00 0.00 0.00
Net Debt to NOPAT		 -0.16 -0.22 -0.74 -1.91 -2.92 -1.43 -2.22 -3.42 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.04 0.07 0.10 0.11 0.10 0.09 0.10 0.11 0.00 0.00 0.00
Altman Z-Score		 3.33 3.85 4.31 4.17 4.15 4.49 3.79 3.23 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.59 1.81 1.93 1.94 2.01 1.85 1.83 1.71 2.04 2.19 2.13
Quick Ratio		 1.17 1.35 1.43 1.59 1.74 1.52 1.52 1.42 1.77 1.79 1.57
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -162 -63 41 55 206 49 62 82 99 189 38
Operating Cash Flow to CapEx		 -596.80% 1,806.59% 6,644.51% 19,187.75% 5,095.86% -1,811.39% 0.00% 10,363.62% -12,010.56% -3,516.18% -6,153.62%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 42.21 0.00 0.00 0.00 120.53 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 135.46 0.00 0.00 0.00 127.08 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 133.42 0.00 0.00 0.00 128.45 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.49 1.52 1.35 1.45 1.32 1.28 1.26 1.17 1.26 1.32 1.34
Accounts Receivable Turnover		 3.39 3.52 3.11 3.56 3.16 3.06 3.26 3.28 3.17 3.30 3.44
Inventory Turnover		 6.67 6.92 6.96 8.74 9.91 9.98 8.16 7.76 12.29 10.40 7.22
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.58
Accounts Payable Turnover		 3.91 4.34 3.83 4.32 3.58 3.66 3.85 3.12 3.76 4.27 4.10
Days Sales Outstanding (DSO)		 107.52 103.59 117.53 102.61 115.42 119.25 111.97 111.37 115.32 110.59 105.97
Days Inventory Outstanding (DIO)		 54.75 52.73 52.46 41.74 36.82 36.58 44.71 47.02 29.70 35.09 50.56
Days Payable Outstanding (DPO)		 93.42 84.16 95.36 84.53 102.08 99.79 94.77 117.07 97.02 85.50 89.06
Cash Conversion Cycle (CCC)		 68.85 72.17 74.62 59.82 50.17 56.04 61.92 41.31 47.99 60.19 67.48
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 793 817 784 685 613 798 743 627 540 644 737
Invested Capital Turnover		 3.14 2.96 2.73 3.17 3.12 2.63 2.78 3.15 3.76 3.17 3.25
Increase / (Decrease) in Invested Capital		 196 95 -14 -35 -180 -19 -41 -58 -73 -154 -6.05
Enterprise Value (EV)		 1,490 1,682 2,056 1,900 1,677 2,493 1,761 1,285 0.00 0.00 0.00
Market Capitalization		 1,510 1,711 2,150 2,117 1,986 2,642 1,980 1,636 0.00 0.00 0.00
Book Value per Share		 $30.32 $31.39 $32.59 $33.46 $34.21 $35.25 $35.90 $36.89 $38.84 $39.68 $40.62
Tangible Book Value per Share		 $22.51 $23.78 $25.12 $25.83 $26.72 $24.18 $25.06 $26.14 $28.21 $29.29 $30.35
Total Capital		 894 899 926 938 963 986 996 1,016 1,020 1,046 1,063
Total Debt		 81 54 48 36 41 39 34 39 0.00 0.00 0.00
Total Long-Term Debt		 5.01 9.72 12 13 11 9.72 9.62 11 0.00 0.00 0.00
Net Debt		 -21 -29 -94 -217 -309 -149 -219 -351 -480 -402 -326
Capital Expenditures (CapEx)		 3.50 1.73 2.00 0.55 1.91 1.19 -0.71 1.55 0.82 0.99 1.42
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 450 530 482 387 316 394 351 204 234 342 446
Debt-free Net Working Capital (DFNWC)		 551 613 624 640 666 581 604 593 715 745 772
Net Working Capital (NWC)		 475 569 588 617 636 552 580 566 715 745 772
Net Nonoperating Expense (NNE)		 -0.14 -0.08 -0.26 -1.53 -1.51 -0.42 -2.74 -0.79 -11 -0.34 -3.21
Net Nonoperating Obligations (NNO)		 -21 -29 -94 -217 -309 -149 -219 -351 -480 -402 -326
Total Depreciation and Amortization (D&A)		 5.76 6.53 7.28 6.37 5.92 6.66 8.36 8.66 7.41 7.11 6.67
Debt-free, Cash-free Net Working Capital to Revenue		 20.59% 23.28% 22.28% 17.38% 14.39% 18.55% 16.52% 9.86% 10.80% 14.98% 18.52%
Debt-free Net Working Capital to Revenue		 25.24% 26.90% 28.85% 28.75% 30.32% 27.38% 28.42% 28.68% 32.92% 32.57% 32.07%
Net Working Capital to Revenue		 21.77% 24.98% 27.18% 27.71% 28.96% 26.02% 27.29% 27.35% 32.92% 32.57% 32.07%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.27 $1.23 $1.02 $0.83 $1.03 $1.18 $0.91 $0.95 $1.43 $1.32 $1.34
Adjusted Weighted Average Basic Shares Outstanding		 26.55M 26.62M 26.62M 26.61M 26.64M 26.57M 26.50M 26.50M 26.27M 26.36M 26.17M
Adjusted Diluted Earnings per Share		 $1.27 $1.22 $1.02 $0.82 $1.02 $1.17 $0.91 $0.95 $1.43 $1.32 $1.33
Adjusted Weighted Average Diluted Shares Outstanding		 26.65M 26.68M 26.70M 26.72M 26.80M 26.68M 26.62M 26.67M 26.38M 26.41M 26.29M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.94M 26.93M 26.95M 26.95M 26.87M 26.80M 0.00 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 34 33 27 20 26 31 21 24 27 35 32
Normalized NOPAT Margin		 5.87% 5.54% 5.31% 3.69% 4.74% 6.00% 4.19% 4.90% 4.19% 5.67% 5.18%
Pre Tax Income Margin		 8.10% 7.65% 7.55% 5.62% 6.89% 8.40% 6.29% 7.19% 5.78% 8.87% 7.42%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 39.08 0.00 0.00 0.00 62.21 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 27.49 0.00 0.00 0.00 41.38 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 37.04 0.00 0.00 0.00 63.58 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 25.45 0.00 0.00 0.00 42.76 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 5.70% 6.18% 7.75% 8.51% 12.77% 23.21% 31.97% 43.47% 32.68% 25.22% 28.46%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven snapshot of EPLUS INC (NASDAQ: PLUS) using the quarterly statements from the last four years (2023–2026). The focus is on trends in cash flow, income, and the balance sheet, highlighting what may matter to retail investors.

  • Material revenue growth into 2025, with improving margins around late 2024–2025. From 2024 to 2025, quarterly revenue rose from roughly 493–509 million to a Q3 level of about 624 million, with a notable gross margin uptick (late 2024 into 2025 gross margin approached the high-20s to ~29% in Q4 2025).
  • Net income progression and earnings per share gains in 2025–2026. Net income available to common shareholders rose meaningfully from 2024 into 2025 and into 2026, with basic/diluted EPS improving (examples include Q1 2026 basic EPS around 1.43 and Q3 2026 diluted EPS around 1.33).
  • Board-level liquidity remains solid in the four-year window. Cash and equivalents rise across multiple periods (e.g., cash balances near or above the low- to mid-300s million in 2025–2026), and the company maintains a healthy current ratio around 2x in several quarters (current assets versus current liabilities).
  • Balance sheet strength with a solid equity base and manageable leverage. Total assets around 1.8–1.9 billion with total equity near 1.0–1.1 billion in recent quarters; Total liabilities are moderate relative to equity (roughly 0.7–0.8 billion in many periods), implying a reasonable debt level for a services/distributor.
  • Active financing activity supports liquidity and growth capacity. Occasional issuance of debt and equity, along with share repurchases in some quarters, contributed to a dynamic financing mix that helped fund operations and capex when operating cash flow was uneven.
  • Gross margin has fluctuated but generally remained in the mid-20s to high-20s percent range. While not a straight-up trend every quarter, margins have persisted in a healthy band across the four-year window, with a notable peak in late 2024–2025.
  • Debt levels are broadly steady with no dramatic spikes in the observed periods. Debt and interest commitments are present but historically contained relative to equity, suggesting a balanced capital structure over time.
  • Share repurchases and issuance activity indicate active capital management. Quarterly buybacks and occasional issuances show management's willingness to adjust capital allocation, though the exact impact varies by quarter.
  • Operating cash flow remains pressured in 2026 due to working capital needs. Net cash from continuing operating activities turned negative in Q1–Q3 2026 (for example, substantial net outflows from operating activities and large negative changes in working capital), which can stress near-term liquidity if not offset by financing or cash from prior periods.
  • Significant working capital outflows in several 2026 quarters. Large negative changes in operating assets and liabilities (net working capital moves) contributed to continued cash burn from operations in multiple Qs of 2026, a potential concern for investors tracking free cash flow generation.
05/06/26 01:27 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About ePlus' Financials

When does ePlus' fiscal year end?

According to the most recent income statement we have on file, ePlus' financial year ends in March. Their financial year 2025 ended on March 31, 2025.

How has ePlus' net income changed over the last 10 years?

ePlus' net income appears to be on an upward trend, with a most recent value of $107.98 million in 2025, rising from $45.84 million in 2015. The previous period was $115.78 million in 2024.

What is ePlus' operating income?
ePlus' total operating income in 2025 was $141.41 million, based on the following breakdown:
  • Total Gross Profit: $569.12 million
  • Total Operating Expenses: $425.50 million
How has ePlus' revenue changed over the last 10 years?

Over the last 10 years, ePlus' total revenue changed from $1.14 billion in 2015 to $2.07 billion in 2025, a change of 81.0%.

How much debt does ePlus have?

ePlus' total liabilities were at $907.18 million at the end of 2025, a 20.7% increase from 2024, and a 213.9% increase since 2015.

How much cash does ePlus have?

In the past 10 years, ePlus' cash and equivalents has ranged from $76.18 million in 2015 to $389.38 million in 2025, and is currently $389.38 million as of their latest financial filing in 2025.

How has ePlus' book value per share changed over the last 10 years?

Over the last 10 years, ePlus' book value per share changed from 37.79 in 2015 to 36.89 in 2025, a change of -2.4%.


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Financial statements for CNSX:PLUS last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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