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NASDAQ NMS - GLOBAL MARKET · Electrical Equipment · CIK 0001022408
$94.14
+0.06% · delayed ~15 min
Last price from Oct 21, 2026
$2.48B market value
From EPLUS INC's FY2026 10-K, filed May 28, 2026 · read the filing
EPLUS distributes goods wholesale to other businesses. It took in $2.44B last year, which makes it a mid-sized company. Of every dollar it sells, about 5 cents is left as profit.
The financial picture is led by growth and debt, with profitability worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From EPLUS INC's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
$99.7M → $166.1M
Free cash flow
$296.9M → -$120.7M
Dividends paid
$0.00 → $19.7M
Revenue
$2.00B → $2.44B
Measured against FY2025, from the 10-K filed May 28, 2026
Improved: +66.7%
$99.7M to $166.1MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
How the latest move compares (quote delayed ~15 min), and what was published around it
PLUS rose 0.06% on the latest quote. The S&P 500 moved −1.04%. That is 1.1 points above the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 7 analysts covering this company, as of . Their views, not this site's.
Of 7 analysts publishing on this company, 3 say strong buy, 3 say buy and 1 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 5 cents of every dollar of sales as profit, earning $132.6M last year. Note that operations still consumed cash despite the reported profit.
Yes, quickly. Sales grew 22.1% last year.
It does not appear so. For every $1 it owes, it owns $2.46 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 15 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered.
GoodFigures from the FY2026 annual filing
Last year it earned $132.6M and generated -$116.2M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · May 28, 2026Filing for FY2026 | FY202510-K · May 28, 2026Filing for FY2025 | FY202410-K · May 28, 2026Filing for FY2024 | FY202310-K · May 28, 2026Filing for FY2023 | FY202210-K · May 26, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $2.44B | $2.00B | $2.18B | $2.07B | $1.82B | +22.1% |
| Cost of revenue | $1.83B | $1.49B | $1.67B | $1.55B | $1.36B | +22.7% |
| Gross profit | $616.1M | $512.1M | $511.7M | $517.5M | $461.0M | +20.3% |
| Gross marginGross profit ÷ revenueWhat is this? | 25.2% | 25.6% | 23.5% | 25.0% | 25.3% | −0.4 pts |
| Selling, general and administrative | $423.4M | $386.7M | $355.6M | $333.5M | $297.1M | +9.5% |
| Operating income | $166.1M | $99.7M | $133.8M | $166.2M | $147.3M | +66.7% |
| Operating marginOperating income ÷ revenueWhat is this? | 6.8% | 5.0% | 6.1% | 8.0% | 8.1% | +1.8 pts |
| Interest expense | $0.00 | $0.00 | $3.8M | $4.1M | $1.9M | n/m |
| Income before tax | $173.4M | $106.1M | $135.2M | $163.0M | $146.9M | +63.4% |
| Net income | $132.6M | $104.6M | $118.0M | $119.4M | $105.6M | +26.8% |
| Net marginNet income ÷ revenueWhat is this? | 5.4% | 5.2% | 5.4% | 5.8% | 5.8% | +0.2 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $5.04 | $3.94 | $4.38 | $4.44 | $3.93 | +27.9% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 158 shares at $95.04 ($15.0K)
Holds 84,101 shares after this filing.
Sold on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Amended its charter or changed its financial year · Held a shareholder vote
Read the filingPublished results · Reported another event
Read the filingWrite down why you are following EPLUS INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from PLUS's 10-K for fiscal year 2026 (period ending 2026-03-31, filed May 28, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 8.7 | 5/8 | 10-K, filed May 28, 2026 |
| FY2025 | 6.0 | 5/8 | 10-K, filed May 28, 2026 |
| FY2024 | 7.3 | 4/8 | 10-K, filed May 23, 2024 |
| FY2023 | 7.3 | 4/8 | 10-K, filed May 25, 2023 |
| FY2022 | 8.7 | 6/8 | 10-K, filed May 26, 2022 |
| FY2021 | 6.0 | 7/8 | 10-K, filed May 21, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
6.76
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Deteriorated: turned negative
$296.9M to -$120.7MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: turned positive
$0.00 to $19.7MCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Improved: +22.1%
$2.00B to $2.44BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +20.3%
$512.1M to $616.1MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +26.8%
$104.6M to $132.6MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +27.9%
$3.94 to $5.04Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: -16.0%
$5.3M to $4.4MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +1.8 pts
5.0% to 6.8%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +5.5%
$389.4M to $410.8MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q1 FY2027 against Q1 FY2027, from the 10-Q filed Aug 4, 2026 — read it.
Improved: turned positive
-$99.8M to $75.6MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: turned positive
$0.00 to $7.1MCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Deteriorated: -28.9%
$42.6M to $30.3MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -27.6%
$1.60 to $1.16Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -9.6%
$42.9M to $38.8MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: −2.0 pts
6.6% to 4.7%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -6.5%
$480.2M to $448.9MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -1.8%
26.6M to 26.1MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Loading price history…
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 5.2% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 17.3x — investors pay $17.3 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
Holds 81,981 shares after this filing.
Sold on the open market — 2,377 shares at $96.72 ($229.9K)
Holds 79,604 shares after this filing.
Sold on the open market — 345 shares at $97.39 ($33.6K)
Holds 79,259 shares after this filing.
Was granted or awarded shares — 1,201 shares
Holds 6,973 shares after this filing.
Was granted or awarded shares — 1,201 shares
Holds 2,679 shares after this filing.
Was granted or awarded shares — 232 shares
Holds 2,911 shares after this filing.
Was granted or awarded shares — 1,201 shares
Holds 21,849 shares after this filing.
Was granted or awarded shares — 1,201 shares
Holds 29,007 shares after this filing.
Was granted or awarded shares — 1,201 shares
Holds 1,510 shares after this filing.
Was granted or awarded shares — 1,201 shares
Holds 15,039 shares after this filing.
Was granted or awarded shares — 1,201 shares
Holds 2,095 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 158 shares ($15.0K) on or after .
Shares originally obtained via Stock Award.
Filed notice to sell 4,842 shares ($466.4K) on or after .
Shares originally obtained via Stock Award.
Filed notice to sell 6 shares ($558.06) on or after .
Shares originally obtained via Stock Award.
Filed notice to sell 1 shares ($93.44) on or after .
Shares originally obtained via Stock Award.
Filed notice to sell 139 shares ($13.0K) on or after .
Shares originally obtained via Stock Award.
Filed notice to sell 470 shares ($43.8K) on or after .
Shares originally obtained via Stock Award.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q1 FY2027
Profit margin −2.0 pts · Free cash flow turned positive · Dividends paid turned positive — against Q1 FY2027
Proxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2026
Revenue +22.1% · Operating margin +1.8 pts · Operating income +66.7% — against FY2025
Read the filingPublished results · Reported another event
Read the filingAmended its charter or changed its financial year
Read the filingQuarterly report for Q3 FY2026
Revenue +24.6% · Operating margin +3.7 pts · Operating income +163.9% — against Q3 FY2026
Read the filingPublished results · Reported another event
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2026
Revenue +23.4% · Operating margin +2.5 pts · Operating income +80.9% — against Q2 FY2026
Read the filingPublished results · Reported another event
Read the filingHeld a shareholder vote
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2027
Revenue +20.0% · Profit margin +1.5 pts · Profit +55.8% — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingPrimary sources and further research