ePlus (PLUS)


Market Price (11/10/2026): $96.58 | Market Cap: $2.5 BilSector: Information Technology | Industry: Technology Distributors

ePlus (PLUS)


Market Price (11/10/2026): $96.58
Market Cap: $2.5 Bil
Sector: Information Technology
Industry: Technology Distributors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%

Low stock price volatility
Vol 12M is 37%

Megatrend and thematic drivers
Megatrends include Cybersecurity, Cloud Computing, and Artificial Intelligence. Themes include Network Security, Show more.

Trading close to highs
Dist 52W High is -2.5%

Weak multi-year price returns
2Y Excs Rtn is -21%, 3Y Excs Rtn is -20%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 67x

Key risks
PLUS key risks include [1] significant customer concentration, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%
1 Low stock price volatility
Vol 12M is 37%
2 Megatrend and thematic drivers
Megatrends include Cybersecurity, Cloud Computing, and Artificial Intelligence. Themes include Network Security, Show more.
3 Trading close to highs
Dist 52W High is -2.5%
4 Weak multi-year price returns
2Y Excs Rtn is -21%, 3Y Excs Rtn is -20%
5 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 67x
6 Key risks
PLUS key risks include [1] significant customer concentration, Show more.

PLUS in ETFs

Weight = PLUS's share of each fund

VTI0.00%
ITOT0.00%
IWM0.08%
IJR0.14%
SLYG0.18%
IJT0.18%
IWN0.16%
SLYV0.10%
+15 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Prices as of 11/9/2026

Nov 6: up 11.7% the day after its Nov 5 earnings report (S&P 500 up 0.3%)
The stock gained after ePlus reported strong fiscal year 2027 second quarter results, including record gross billings and increased full-year guidance. Revenue rose 10%, net income 16%, and diluted EPS 18% from a year earlier.

Up 32.5% from its Mar 30 low to Oct 13 (S&P 500 up 23.4%)
The stock gained throughout the period, largely reflecting a broader market increase and positive market sentiment on interest rates. This included a rise on September 3, following news of achieving exclusive Everpure partner status, and on May 8 and September 11 without company news.

Show more
Prices as of 11/9/2026

Nov 6: up 11.7% the day after its Nov 5 earnings report (S&P 500 up 0.3%)
The stock gained after ePlus reported strong fiscal year 2027 second quarter results, including record gross billings and increased full-year guidance. Revenue rose 10%, net income 16%, and diluted EPS 18% from a year earlier.

Up 32.5% from its Mar 30 low to Oct 13 (S&P 500 up 23.4%)
The stock gained throughout the period, largely reflecting a broader market increase and positive market sentiment on interest rates. This included a rise on September 3, following news of achieving exclusive Everpure partner status, and on May 8 and September 11 without company news.

Show less
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Stock Movement Drivers

Fundamental Drivers

The 2.5% change in PLUS stock from 7/31/2026 to 11/9/2026 was primarily driven by a 6.6% change in the company's P/E Multiple.
(LTM values as of)731202611092026Change
Stock Price ($)92.1294.462.5%
Change Contribution By: 
Total Revenues ($ Mil)2,4482,5132.7%
Net Income Margin (%)5.6%5.2%-7.4%
P/E Multiple17.518.76.6%
Shares Outstanding (Mil)26261.1%
Cumulative Contribution2.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/9/2026
ReturnCorrelation
PLUS2.5% 
Market (SPY)0.8%56.2%
Sector (XLK)-2.5%53.3%

Fundamental Drivers

The 12.3% change in PLUS stock from 4/30/2026 to 11/9/2026 was primarily driven by a 13.8% change in the company's P/E Multiple.
(LTM values as of)430202611092026Change
Stock Price ($)84.1594.4612.3%
Change Contribution By: 
Total Revenues ($ Mil)2,3442,5137.2%
Net Income Margin (%)5.7%5.2%-9.2%
P/E Multiple16.418.713.8%
Shares Outstanding (Mil)26261.3%
Cumulative Contribution12.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/9/2026
ReturnCorrelation
PLUS12.3% 
Market (SPY)5.0%35.4%
Sector (XLK)7.3%28.9%

Fundamental Drivers

The 30.7% change in PLUS stock from 10/31/2025 to 11/9/2026 was primarily driven by a 19.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511092026Change
Stock Price ($)72.2694.4630.7%
Change Contribution By: 
Total Revenues ($ Mil)2,1072,51319.3%
Net Income Margin (%)5.7%5.2%-8.5%
P/E Multiple15.818.717.8%
Shares Outstanding (Mil)26261.7%
Cumulative Contribution30.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/9/2026
ReturnCorrelation
PLUS30.7% 
Market (SPY)11.3%36.3%
Sector (XLK)14.1%28.4%

Fundamental Drivers

The 53.5% change in PLUS stock from 10/31/2023 to 11/9/2026 was primarily driven by a 49.5% change in the company's P/E Multiple.
(LTM values as of)1031202311092026Change
Stock Price ($)61.5294.4653.5%
Change Contribution By: 
Total Revenues ($ Mil)2,1842,51315.1%
Net Income Margin (%)6.0%5.2%-13.2%
P/E Multiple12.518.749.5%
Shares Outstanding (Mil)27262.8%
Cumulative Contribution53.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/9/2026
ReturnCorrelation
PLUS53.5% 
Market (SPY)86.2%44.6%
Sector (XLK)112.1%37.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PLUS Return23%-18%80%-7%19%9%118%
Peers Return29%-4%42%-1%-21%51%105%
S&P 500 Return27%-19%24%23%16%8%96%

Monthly Win Rates [3]
PLUS Win Rate58%58%67%33%58%55% 
Peers Win Rate67%47%70%45%32%64% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
PLUS Max Drawdown-23%-32%-27%-28%-33%-17% 
Peers Max Drawdown-19%-27%-21%-23%-36%-28% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CDW, NSIT, CNXN, SCSC, AVT. See PLUS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/9/2026 (YTD)

How Low Can It Go

EventPLUSS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven49 days79 days
2023 SVB Regional Banking Crisis
  % Loss-26.1%-6.7%
  % Gain to Breakeven35.3%7.1%
  Time to Breakeven62 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-25.5%-24.5%
  % Gain to Breakeven34.3%32.4%
  Time to Breakeven135 days427 days
2020 COVID-19 Crash
  % Loss-47.3%-33.7%
  % Gain to Breakeven89.6%50.9%
  Time to Breakeven251 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.6%23.8%
  Time to Breakeven53 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-19.4%-17.9%
  % Gain to Breakeven24.1%21.8%
  Time to Breakeven36 days123 days

Compare to CDW, NSIT, CNXN, SCSC, AVT

In The Past

ePlus's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPLUSS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven49 days79 days
2023 SVB Regional Banking Crisis
  % Loss-26.1%-6.7%
  % Gain to Breakeven35.3%7.1%
  Time to Breakeven62 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-25.5%-24.5%
  % Gain to Breakeven34.3%32.4%
  Time to Breakeven135 days427 days
2020 COVID-19 Crash
  % Loss-47.3%-33.7%
  % Gain to Breakeven89.6%50.9%
  Time to Breakeven251 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.6%23.8%
  Time to Breakeven53 days105 days
Summer 2007 Credit Crunch
  % Loss-31.6%-8.6%
  % Gain to Breakeven46.2%9.5%
  Time to Breakeven53 days47 days

Compare to CDW, NSIT, CNXN, SCSC, AVT

In The Past

ePlus's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ePlus (PLUS)

ePlus inc. (PLUS) is a technology solutions provider focused on helping organizations optimize their IT environments and supply chain processes. The company operates through two primary segments: Technology and Financing. Its core mission is to enable businesses and institutions to efficiently manage and leverage their information technology infrastructure, enhancing operational efficiency and strategic capabilities.

The Technology segment offers a comprehensive suite of IT products and services. This includes the sale of essential hardware, perpetual and subscription software, and critical maintenance and software assurance programs. Beyond product sales, ePlus provides extensive professional and managed services, encompassing areas like cybersecurity solutions, cloud consulting, staff augmentation, server and desktop support, and general IT project management, assisting clients in implementing and maintaining complex technological systems.

Complementing its technology offerings, the Financing segment specializes in various financing arrangements, such as sales-type and operating leases, loans, and consumption-based financing. This segment enables clients to acquire necessary IT, communication, medical, and other general business equipment without significant upfront capital outlays. ePlus serves a diverse client base, including commercial entities, state and local government agencies, government contractors, and educational institutions, both domestically and internationally.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe ePlus (PLUS):

  • They are an IT solutions and services provider, similar to CDW, but with their own robust in-house financing division for IT and other business equipment.
  • Imagine a company that not only sells, implements, and manages your business technology (like Insight Enterprises), but also operates a specialized financial services arm for equipment leasing and financing across various industries.

AI Analysis | Feedback

  • Hardware and Software Sales: ePlus provides a range of IT hardware and both perpetual and subscription software solutions.
  • IT Maintenance and Assurance: The company offers maintenance services and software assurance to ensure optimal IT environment performance.
  • Professional and Managed IT Services: ePlus delivers professional and managed services, including security, cloud consulting, staff augmentation, and project management.
  • Equipment Financing: The company specializes in financing arrangements such as sales-type and operating leases, as well as loans for various types of equipment.
  • Asset Management: This service involves the underwriting, management, and disposal of IT and other equipment and assets.

AI Analysis | Feedback

Major Customers of ePlus (PLUS)

ePlus inc. primarily provides IT solutions and financing to other companies and organizations rather than individuals.

The provided company description does not list specific major customer companies by name or their stock symbols. However, it describes its customer base as serving the following categories of organizations:

  • Commercial entities
  • State and local governments
  • Government contractors
  • Educational institutions

AI Analysis | Feedback

  • Cisco Systems, Inc. (CSCO)
  • Microsoft Corporation (MSFT)
  • Dell Technologies Inc. (DELL)
  • HP Inc. (HPQ)
  • Hewlett Packard Enterprise Company (HPE)
  • Broadcom Inc. (AVGO)
  • Palo Alto Networks, Inc. (PANW)
  • Fortinet, Inc. (FTNT)
  • NetApp, Inc. (NTAP)
  • Pure Storage, Inc. (PSTG)
  • CrowdStrike Holdings, Inc. (CRWD)
  • Zscaler, Inc. (ZS)

AI Analysis | Feedback

Mark Marron, Chief Executive Officer and President

Mark Marron became the CEO and President of ePlus inc. on August 1, 2016, and was appointed to the Board on November 14, 2018. He joined ePlus in 2005 and served as Senior Vice President of Sales before becoming Chief Operating Officer in 2010. Prior to his tenure at ePlus, Mr. Marron was the Senior Vice President of Worldwide Sales and Services at NetIQ and served as General Manager of Worldwide Channel Sales for Computer Associates International Inc. He holds a Bachelor of Science degree in Computer Science from Montclair State University and has extensive international experience across North America, Europe, the Middle East, and Africa.

Elaine Marion, Chief Financial Officer and Principal Accounting Officer

Elaine Marion has served as the Chief Financial Officer of ePlus inc. since September 1, 2008, and also holds the title of Principal Accounting Officer. Further detailed background on her involvement with other companies, sales of companies, or private equity backing was not readily available in the search results.

Darren Raiguel, COO and President of ePlus Technology, inc.

Darren Raiguel was promoted to Chief Operating Officer in May 2018, following a 20-year career with ePlus. He began his journey with the company as an account executive in 1997 and progressed through various management roles, most recently holding the position of Executive Vice President of Technology Sales. Mr. Raiguel earned a Bachelor of Business Administration from Temple University, with dual majors in Marketing and Finance.

Erica Stoecker, General Counsel and Chief Compliance Officer

Erica Stoecker serves as the General Counsel and Chief Compliance Officer for ePlus. Further detailed background on her professional history was not readily available in the search results.

Kleyton Parkhurst, SVP and Assistant Secretary

Kleyton Parkhurst holds the position of Senior Vice President and Assistant Secretary at ePlus. Further detailed background on his professional history was not readily available in the search results.

AI Analysis | Feedback

Here are the key risks to ePlus's business:

  1. Rapid Technological Change and Intense Competition: The information technology industry is characterized by rapid technological advancements, including the emergence of new solutions in cloud, artificial intelligence (AI), and cybersecurity. ePlus must continuously adapt its offerings and expertise to remain competitive and avoid obsolescence. Failure to innovate or keep pace with these changes could lead to a loss of market share against numerous competitors, many of whom may have greater brand recognition or more aggressive pricing strategies.
  2. Dependence on Key Vendor Relationships and Supply Chain Risks: ePlus relies significantly on a limited number of key technology vendors for the hardware and software it provides. A notable concentration risk exists with significant sales originating from Cisco Systems products. The absence of long-term supply agreements or guaranteed price agreements with these vendors can lead to volatility in product costs and availability, potentially impacting service delivery and customer satisfaction. Disruptions in the global supply chain could further exacerbate these issues.
  3. Economic Sensitivity and Fluctuations in Customer IT Spending: As a provider of IT solutions and financing arrangements, ePlus's financial performance is closely tied to the economic health and IT spending patterns of its customers, which include commercial entities, state and local governments, and educational institutions. Economic uncertainty, including factors such as national and international political instability, changes in interest rates, tariffs, and inflation, can lead to unpredictable business environments and influence customer spending on technology and related services. Reduced IT budgets or deferred capital expenditures during economic downturns could adversely affect both its technology and financing segments.

AI Analysis | Feedback

The accelerating and comprehensive shift in enterprise information technology towards cloud-native architectures and "everything-as-a-service" (XaaS) consumption models poses a clear emerging threat. This industry-wide transition prioritizes subscription-based cloud services over traditional on-premise hardware, perpetual software licenses, and associated legacy professional services, which could diminish the market for a significant portion of ePlus's established Technology segment offerings. While ePlus provides cloud consulting and subscription software, a rapid and pervasive migration away from legacy infrastructure could challenge its traditional revenue streams and require substantial adaptation to compete with hyperscalers and specialized cloud-native service providers.

AI Analysis | Feedback

Addressable Market Sizes for ePlus's Main Products and Services

ePlus operates in two primary segments: Technology and Financing. The addressable markets for their main products and services, primarily in the U.S. and globally, are substantial.

Technology Segment

  • IT Solutions and Services:
    • Globally, the total IT spending is projected to reach approximately $5.74 trillion in 2025.
    • More specifically, the global IT services market size is estimated to be between $1.5 trillion and $1.65 trillion in 2025.
    • In the U.S., the IT services market size was valued at approximately $490.86 billion in 2025.
  • Managed IT Services:
    • The global managed services market size was estimated at around $401.15 billion to $441 billion in 2025.
    • The U.S. managed services market size is projected to be between $62.91 billion and $128.07 billion in 2025.
  • Cybersecurity Services:
    • The global cybersecurity market size was estimated to be between $271.88 billion and $326.2 billion in 2025.
    • In the U.S., the cybersecurity market was valued at approximately $91.6 billion to $92.73 billion in 2025.
  • Cloud Consulting and Services:
    • The global cloud computing market size (including public cloud services) is projected to be between $721.87 billion and $781.27 billion in 2025.
    • In the U.S., the cloud computing market was valued at approximately $251.64 billion in 2025. The U.S. cloud professional services market, a more specific subset, was valued at $8.4 billion in 2025.

Financing Segment

  • IT Equipment Leasing and Financing:
    • The global IT leasing and financing market size was valued at approximately $533.2 billion in 2025.
  • General Equipment Leasing and Financing:
    • The broader global leasing market was valued at approximately $1.94 trillion to $2.07 trillion in 2025.
    • Specifically, the machinery leasing market size globally was around $530.31 billion in 2025.

AI Analysis | Feedback

ePlus (NASDAQ: PLUS) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:
  1. Strong Demand for AI-Related Infrastructure, Cloud, Networking, and Security Solutions: ePlus is experiencing robust demand in data center, cloud, networking, and security sectors, with demand tied to AI initiatives driving infrastructure modernization across customers of all sizes. The company's ability to integrate these capabilities is resonating in the market, contributing to market share gains and significant product sales growth.
  2. Growth in Managed Services and Shift to Subscription-Based Revenue Models: The company is focused on expanding its managed services segment, which has shown strong growth due to continued demand for cloud and enhanced maintenance support offerings. ePlus aims to build out its recurring revenue base through these services. The evolving industry trend of increased ratable and subscription revenue models is expected to provide long-term benefits and a greater gross-to-net percentage.
  3. Strategic Acquisitions for Geographic Expansion and Technology Enhancement: ePlus actively pursues strategic acquisitions to broaden its geographic reach, gain new technology capabilities, and enhance its existing technology platform. A recent example is the acquisition of assets from Realwave to boost AI capabilities, aligning with its strategy to invest in fast-growing categories.
  4. Up-Selling and Cross-Selling to Existing Customers: A core growth strategy involves up-selling incremental products, services, software, and solutions to its extensive existing customer base. This approach aims to increase recurring and transaction revenues, deepen customer loyalty, and identify additional sales opportunities.
  5. Strengthening Vendor Alliances: ePlus intends to strengthen its vendor alliances to maintain a competitive edge. Leveraging its team of certified engineers and long-standing strategic alliances with key manufacturers positions ePlus to benefit from changes in how enterprises use technology to achieve business objectives.

AI Analysis | Feedback

Share Repurchases

  • ePlus authorized a new share repurchase program for up to 1,500,000 shares of common stock, effective for a 12-month period starting August 11, 2025. This program resulted in the repurchase of 272,900 shares for US$21.01 million by December 31, 2025.
  • During fiscal year 2025 (ended March 31, 2025), ePlus repurchased more than 557,000 shares of common stock.
  • In fiscal year 2024 (ended March 31, 2024), ePlus used $9.9 million to repurchase outstanding shares of its common stock.

Share Issuance

  • In the fiscal year ended March 31, 2024, ePlus generated $3.6 million in proceeds from the issuance of common stock to employees under an employee stock purchase plan.

Outbound Investments

  • ePlus closed the sale of the majority of its U.S. financing business on June 30, 2025, generating $180 million in initial cash proceeds to support continued investments and long-term growth, both organically and through acquisitions.
  • The company continues to actively evaluate acquisitions and investments that expand its solutions portfolio, build professional and managed services capabilities, extend geographic reach, and provide access to new customers, markets, and capabilities.
  • ePlus Technology, inc. acquired SLAIT Consulting, LLC, expanding its end-to-end Services capabilities, which contributed to professional services growth.

Capital Expenditures

  • ePlus maintains a strong cash position and expects cash flow from operations, along with available credit, to be sufficient to finance its capital expenditures for at least the upcoming year.
  • The company's top priority for capital allocation includes strategic investment in its business, focusing on both organic growth and acquisitions that drive long-term value.
  • ePlus continues to invest and align resources in higher-growth areas such as AI, security, and cloud to deliver value-added products and solutions.

Better Bets vs. ePlus (PLUS)

Peer Outperformance in Technology Distributors

PLUS has trailed 63% of its 8 Technology Distributors peers over 5Y. Technology Distributors ranks 2nd of 12 industries in Information Technology by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Technology Distributors constituents that PLUS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
13%
of 8 industry peers · 12.7% return
3Y
63%
of 8 industry peers · 60.7% return
5Y
38%
of 8 industry peers · 58.6% return
No Technology Distributors peer with a comparable growth profile has beaten PLUS by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Technology Distributors is PLUS's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 15.6%110.8%187.8% FLEX 499% · TTMI 428% · JBL 303%
Technology Distributors ← 9 50.7%59.2%59.9% AVT 146% · SNX 118% · CNXN 77%
Semiconductor Materials & Equipment 28 39.5%48.2%43.1% AXTI 370% · KLAC 281% · LRCX 274%
Communications Equipment 36 10.5%99.8%38.1% AAOI 806% · LITE 546% · ANET 461%
Electronic Components 24 20.6%78.5%33.8% CLS 1838% · BELFA 1082% · APH 310%
Electronic Equipment & Instruments 27 -5.1%32.8%-0.4% PI 129% · OSIS 112% · MIR 70%
Semiconductors 55 12.1%44.0%-5.3% MU 893% · AVGO 526% · NVDA 485%
Technology Hardware, Storage & Peripherals 21 13.0%88.7%-8.8% WDC 592% · DELL 581% · SMCI 538%
IT Consulting & Other Services 30 -17.7%-7.7%-25.2% APLD 293% · IBM 142% · GIB -10%
Internet Services & Infrastructure 6 -9.8%38.8%-29.7% GDDY 56% · VRSN 33% · AKAM -27%
Systems Software 70 -7.3%17.7%-52.9% ZETA 227% · CRWD 212% · CVLT 145%
Application Software 126 -11.5%-11.7%-55.7% PLTR 598% · FROG 180% · AGYS 141%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PLUSCDWNSITCNXNSCSCAVTMedian
NameePlus CDW Insight .PC Conne.ScanSour.Avnet  
Mkt Price96.58169.35168.7382.0945.5385.1790.88
Mkt Cap2.521.24.92.10.97.03.7
Rev LTM2,51324,5189,0173,1533,44932,4526,233
Op Inc LTM1761,725427140891,207302
FCF LTM32934274-2149-1,05240
FCF 3Y Avg1431,09539663149-21146
CFO LTM371,052302-1258-97947
CFO 3Y Avg1481,21243071157111152

Growth & Margins

PLUSCDWNSITCNXNSCSCAVTMedian
NameePlus CDW Insight .PC Conne.ScanSour.Avnet  
Rev Chg LTM13.1%10.9%9.0%9.5%14.8%44.3%12.0%
Rev Chg 3Y Avg3.9%4.2%-1.3%3.1%-1.7%10.0%3.5%
Rev Chg Q9.7%17.7%21.8%23.3%30.1%81.7%22.6%
QoQ Delta Rev Chg LTM2.4%4.3%5.1%5.5%6.9%17.4%5.3%
Op Inc Chg LTM32.7%5.6%25.6%30.3%-7.1%99.7%28.0%
Op Inc Chg 3Y Avg6.5%0.7%4.4%9.8%-9.9%14.2%5.4%
Op Mgn LTM7.0%7.0%4.7%4.4%2.6%3.7%4.6%
Op Mgn 3Y Avg6.0%7.5%4.8%4.0%2.9%3.3%4.4%
QoQ Delta Op Mgn LTM0.1%-0.1%-0.3%0.1%-0.6%0.6%0.0%
CFO/Rev LTM1.5%4.3%3.4%-0.4%1.7%-3.0%1.6%
CFO/Rev 3Y Avg7.0%5.5%4.9%2.5%5.0%0.9%5.0%
FCF/Rev LTM1.3%3.8%3.0%-0.7%1.4%-3.2%1.3%
FCF/Rev 3Y Avg6.8%4.9%4.5%2.3%4.7%0.4%4.6%

Valuation

PLUSCDWNSITCNXNSCSCAVTMedian
NameePlus CDW Insight .PC Conne.ScanSour.Avnet  
Mkt Cap2.521.24.92.10.97.03.7
P/S1.00.90.50.70.30.20.6
P/Op Inc14.112.311.614.810.35.811.9
P/EBIT13.612.313.414.89.56.712.8
P/E19.119.327.220.213.612.419.2
P/CFO68.220.116.3-167.116.0-7.216.2
Total Yield6.5%6.9%3.8%6.0%7.6%9.8%6.7%
Dividend Yield1.1%1.6%0.0%0.9%0.0%1.7%1.0%
FCF Yield 3Y Avg6.0%5.0%7.9%3.5%13.2%2.9%5.5%
D/E0.10.30.40.00.40.60.3
Net D/E-0.10.30.3-0.20.30.60.3

Returns

PLUSCDWNSITCNXNSCSCAVTMedian
NameePlus CDW Insight .PC Conne.ScanSour.Avnet  
1M Rtn3.5%19.1%3.1%-11.6%-25.3%-14.3%-4.2%
3M Rtn7.3%24.7%9.0%-0.1%-15.7%-12.2%3.6%
6M Rtn9.2%66.9%91.2%24.1%4.1%3.6%16.7%
12M Rtn15.2%21.3%85.0%42.9%12.1%84.0%32.1%
3Y Rtn64.4%-16.3%17.2%43.1%51.4%96.4%47.3%
1M Excs Rtn9.2%24.8%8.9%-5.8%-19.5%-8.7%1.5%
3M Excs Rtn13.7%30.4%16.5%6.3%-7.5%-6.3%10.0%
6M Excs Rtn9.7%67.4%91.7%24.6%4.6%4.1%17.2%
12M Excs Rtn23.3%12.0%74.3%33.9%0.4%74.5%28.6%
3Y Excs Rtn-18.4%-87.2%-55.0%-23.5%-29.9%30.6%-26.7%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Product1,9791,5991,8861,7511,492
Professional Services273229155152147
Managed Services18917113811394
Other001  
Financing   5288
Total2,4432,0002,1782,0681,821


Operating Income by Segment
$ Mil20252024202320222021
Technology Business10613314010976
Financing3526263831
Total141158166147106


Assets by Segment
$ Mil20232022202120202019
Technology Business1,148942829710608
Financing267224248199178
Total1,4151,1661,077909786


Price Behavior

Price Behavior
Market Price$94.46 
Market Cap ($ Bil)2.4 
First Trading Date11/15/1996 
Distance from 52W High-2.5% 
   50 Days200 Days
DMA Price$92.05$85.48
DMA Trendupindeterminate
Distance from DMA2.6%10.5%
 3M1YR
Volatility38.7%36.7%
Downside Capture122.12113.24
Upside Capture181.35129.28
Correlation (S&P 500)55.2%35.7%
PLUS Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.881.121.190.630.811.01
Up Beta-1.850.971.470.390.361.08
Down Beta1.571.170.69-0.080.380.82
Up Capture110%140%126%98%133%102%
Bmk +ve Days12182862130427
Stock +ve Days12223065126390
Down Capture49%80%124%88%101%103%
Bmk -ve Days10253664121325
Stock -ve Days10213360124361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLUS
PLUS30.5%36.7%0.78-
Sector ETF (XLK)18.7%28.5%0.5928.6%
Equity (SPY)13.3%13.7%0.6536.5%
Gold (GLD)3.7%28.8%0.12-2.9%
Commodities (DBC)38.2%21.3%1.42-9.9%
Real Estate (VNQ)13.7%14.3%0.6523.9%
Bitcoin (BTCUSD)-25.3%43.6%-0.5518.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLUS
PLUS11.2%36.2%0.37-
Sector ETF (XLK)17.1%26.5%0.5842.8%
Equity (SPY)11.8%17.3%0.5148.8%
Gold (GLD)17.8%19.1%0.752.5%
Commodities (DBC)8.0%19.6%0.2911.1%
Real Estate (VNQ)1.5%18.9%-0.0339.5%
Bitcoin (BTCUSD)4.4%51.6%0.2721.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLUS
PLUS15.6%37.5%0.50-
Sector ETF (XLK)23.1%25.3%0.8346.1%
Equity (SPY)15.3%18.0%0.7253.2%
Gold (GLD)12.1%16.5%0.600.6%
Commodities (DBC)7.6%18.1%0.3317.5%
Real Estate (VNQ)6.1%20.7%0.2543.5%
Bitcoin (BTCUSD)60.0%66.3%1.0015.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity1.5 Mil
Short Interest: % Change Since 93020266.2%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest6.8 days
Basic Shares Quantity25.8 Mil
Short % of Basic Shares5.7%

Earnings Returns History

Updated 11/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/202611.7%  
8/4/2026-2.6%-8.5%-9.8%
5/28/2026-7.4%-8.7%-8.9%
2/4/2026-1.7%-2.5%-9.1%
11/6/202515.7%23.4%22.5%
8/7/20259.4%16.4%13.2%
5/22/20251.9%8.6%12.8%
2/5/2025-13.1%-15.4%-19.0%
...
SUMMARY STATS   
# Positive141411
# Negative111013
Median Positive2.6%6.6%12.8%
Median Negative-2.6%-5.6%-8.6%
Max Positive15.7%23.4%22.5%
Max Negative-16.0%-16.5%-19.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/202611.7%  
8/4/2026-2.6%-8.5%-9.8%
5/28/2026-7.4%-8.7%-8.9%
2/4/2026-1.7%-2.5%-9.1%
11/6/202515.7%23.4%22.5%
8/7/20259.4%16.4%13.2%
5/22/20251.9%8.6%12.8%
2/5/2025-13.1%-15.4%-19.0%
11/12/2024-16.0%-16.5%-17.7%
8/6/20246.1%12.3%12.2%
5/22/2024-0.0%-6.7%-7.2%
2/12/2024-3.1%3.1%8.0%
11/9/20231.1%3.2%18.8%
8/9/20230.2%-4.5%-2.6%
5/31/2023-0.4%11.0%14.0%
2/10/20232.3%1.7%-12.2%
11/9/20227.3%11.6%-4.4%
8/9/20223.1%13.2%-1.7%
5/31/20221.0%4.6%-6.4%
2/9/2022-3.1%-0.1%12.7%
11/15/2021-0.7%-1.1%-8.6%
8/6/2021-0.3%1.8%9.4%
5/25/20212.4%-3.4%-7.6%
2/5/20211.3%3.9%14.7%
11/9/20202.9%3.0%8.6%
SUMMARY STATS   
# Positive141411
# Negative111013
Median Positive2.6%6.6%12.8%
Median Negative-2.6%-5.6%-8.6%
Max Positive15.7%23.4%22.5%
Max Negative-16.0%-16.5%-19.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/04/202610-Q
03/31/202605/28/202610-K
12/31/202502/04/202610-Q
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/22/202510-K
12/31/202402/06/202510-Q
09/30/202411/12/202410-Q
06/30/202408/07/202410-Q
03/31/202405/23/202410-K
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202308/07/202310-Q
03/31/202305/25/202310-K
12/31/202202/07/202310-Q
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/04/202610-Q
03/31/202605/28/202610-K
12/31/202502/04/202610-Q
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/22/202510-K
12/31/202402/06/202510-Q
09/30/202411/12/202410-Q
06/30/202408/07/202410-Q
03/31/202405/23/202410-K
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202308/07/202310-Q
03/31/202305/25/202310-K
12/31/202202/07/202310-Q
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/26/202210-K
12/31/202102/04/202210-Q
09/30/202111/09/202110-Q
06/30/202108/05/202110-Q
03/31/202105/21/202110-K
12/31/202002/04/202110-Q
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/22/202010-K
12/31/201902/06/202010-Q

Recent Forward Guidance

Updated 11/6/2026

Latest: Q2 2027 Earnings Reported 11/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2027 DividendsReported 0.27    
2027 Net Sales GrowthReported     RaisedGuidance: 5.0% for 2027
2027 Gross Profit GrowthReported     RaisedGuidance: 5.0% for 2027
2027 Adjusted EBITDA GrowthReported     RaisedGuidance: 5.0% for 2027


Prior: Q1 2027 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Net Sales GrowthReported 5.0%  0.0%AffirmedGuidance: 5.0% for 2027
2027 Gross Profit GrowthReported 5.0%  0.0%AffirmedGuidance: 5.0% for 2027
2027 Adjusted EBITDA GrowthReported 5.0%  0.0%AffirmedGuidance: 5.0% for 2027

Q4 2026 Earnings Reported 5/28/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Net Sales GrowthReported 5.0%  -16.0%Lower NewGuidance: 21.0% for 2026
2027 Gross Profit GrowthReported 5.0%  -15.0%Lower NewGuidance: 20.0% for 2026
2027 Adjusted EBITDA GrowthReported 5.0%  -37.0%Lower NewGuidance: 42.0% for 2026

Q3 2026 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales GrowthReported20.0%21.0%22.0% 6.0%RaisedGuidance: 15.0% for 2026
2026 Gross Profit GrowthReported19.0%20.0%21.0% 5.0%RaisedGuidance: 15.0% for 2026
2026 Adjusted EBITDA GrowthReported41.0%42.0%43.0% 12.0%RaisedGuidance: 30.0% for 2026

Insider Activity

Updated 11/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell1110202694.681,00094,6856,157,920Form
2Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell1110202691.461,00091,4616,039,708Form
3Marion, Elaine DCHIEF FINANCIAL OFFICERElaine D. Marion TrustSell1014202696.334,842466,4407,635,183Form
4Marion, Elaine DCHIEF FINANCIAL OFFICERElaine D. Marion TrustSell1014202695.0415815,0167,992,597Form
5Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell1002202693.0165586,235,018Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell1110202694.681,00094,6856,157,920Form
2Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell1110202691.461,00091,4616,039,708Form
3Marion, Elaine DCHIEF FINANCIAL OFFICERElaine D. Marion TrustSell1014202696.334,842466,4407,635,183Form
4Marion, Elaine DCHIEF FINANCIAL OFFICERElaine D. Marion TrustSell1014202695.0415815,0167,992,597Form
5Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell1002202693.0165586,235,018Form
6Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell924202693.441936,264,404Form
7Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell918202693.3813912,9796,260,218Form
8Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell916202693.1147043,7646,255,578Form
9Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell916202693.1838435,7796,303,489Form
10Callies, John E DirectSell817202688.0950044,0431,818,800Form
11Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell812202690.831,00090,8276,179,518Form
12Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell806202698.0020019,6006,765,528Form
13Marion, Elaine DCHIEF FINANCIAL OFFICERElaine D. Marion TrustSell805202696.415,514531,6278,123,746Form
14Marion, Elaine DCHIEF FINANCIAL OFFICERElaine D. Marion TrustSell805202695.121,668158,6598,539,172Form
15Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell730202694.061,935182,0136,512,577Form
16Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell730202693.11656,0526,626,376Form
17Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell512202689.951,00089,9485,014,413Form
18Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell512202689.3228425,3665,068,604Form
19Raiguel, Darren SCHIEF OPERATING OFFICERDarren S. Raiguel TrustSell508202688.0054405,018,816Form
20Raiguel, Darren SChief Operating OfficerDarren S. Raiguel TrustSell211202688.6931127,5835,058,748Form
21Raiguel, Darren SChief Operating OfficerDarren S. Raiguel TrustSell211202688.0540035,2185,049,262Form
22Callies, John E DirectSell1210202590.0356050,4151,929,084Form

Investor Activity (13F)

Updated Nov 10, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
AltraVue Capital, LLC$69.7 Mil6.0%49TRIM -7.5%13F
Neumeier Poma Investment Counsel LLC$20.5 Mil1.7%41Hold13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Medina Value Partners, LLC$17.2 Mil4.0%24ExitedDec 31, 202513F
AltraVue Capital, LLC$69.7 Mil6.0%49TRIM -7.5%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
AltraVue Capital, LLC$69.7 Mil6.0%49TRIM -7.5%13F
Neumeier Poma Investment Counsel LLC$20.5 Mil1.7%41Hold13F
Core Cache Last Updated: 11/9/2026