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Eplus vs PN Smart Energy: revenue, profit, margins and growth compared

Eplus brought in $2.4B of revenue in fiscal 2026, PN Smart Energy $63.3M in fiscal 2025. Revenue changed by +22.1% at Eplus and +27.0% at PN Smart Energy on the year before, so PN Smart Energy grew faster. Eplus kept 5.4% of its revenue as net profit, PN Smart Energy -4.3%. Free cash flow was -$120.7M at Eplus and $2.4M at PN Smart Energy.

Side by side, latest fiscal year

PLUSPN
Fiscal year endedFY2026 (March 31, 2026)FY2025 (September 30, 2025)
Revenue$2.4B$63.3M
Revenue growth+22.1%+27.0%
Net income$132.6M-$2.7M
Net margin5.4%-4.3%
Free cash flow-$120.7M$2.4M
Free cash flow margin-4.9%3.8%
Earnings per share (diluted)$5.03-$0.10
Cash$410.8M$9.3M
Debtn/an/a
Price to earnings18.0n/a
Market value$2.4B$41.8M
Dividend yield0.83%n/a
Rank by revenue in sector#139 of 530 · Technology#436 of 530 · Technology

Over the years

Revenue
PLUS FY2019: $1.4BPLUS FY2020: $1.6BPLUS FY2021: $1.6BPLUS FY2022: $1.8BPLUS FY2023: $2.1BPLUS FY2024: $2.2BPLUS FY2025: $2BPLUS FY2026: $2.4BPN FY2023: $50.8MPN FY2025: $49.9MPN FY2025: $63.3MFY19FY20FY21FY22FY23FY24FY25FY26
PLUS $2.4BPN $63.3M
Net income
PLUS FY2019: $63.2MPLUS FY2020: $69.1MPLUS FY2021: $74.4MPLUS FY2022: $105.6MPLUS FY2023: $119.4MPLUS FY2024: $118MPLUS FY2025: $104.6MPLUS FY2026: $132.6MPN FY2023: $1.1MPN FY2025: $471KPN FY2025: -$2.7MFY19FY20FY21FY22FY23FY24FY25FY26
PLUS $132.6MPN -$2.7M
Net margin
PLUS FY2019: 4.6%PLUS FY2020: 4.3%PLUS FY2021: 4.7%PLUS FY2022: 5.8%PLUS FY2023: 5.8%PLUS FY2024: 5.4%PLUS FY2025: 5.2%PLUS FY2026: 5.4%PN FY2023: 2.2%PN FY2025: 0.9%PN FY2025: -4.3%FY19FY20FY21FY22FY23FY24FY25FY26
PLUS 5.4%PN -4.3%
Revenue growth
PLUS FY2020: +15.7%PLUS FY2021: -1.3%PLUS FY2022: +16.1%PLUS FY2023: +13.5%PLUS FY2024: +5.3%PLUS FY2025: -8.2%PLUS FY2026: +22.1%PN FY2025: -1.9%PN FY2025: +27.0%FY20FY21FY22FY23FY24FY25FY26
PLUS +22.1%PN +27.0%
Free cash flow
PLUS FY2024: $240.8MPLUS FY2025: $296.9MPLUS FY2026: -$120.7MPN FY2023: $245.9KPN FY2025: $1.4MPN FY2025: $2.4MFY23FY24FY25FY26
PLUS -$120.7MPN $2.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Eplus and PN Smart Energy

Which is bigger by revenue, Eplus or PN Smart Energy?

Eplus is bigger by revenue: $2.4B in fiscal 2026, against $63.3M for PN Smart Energy in fiscal 2025.

Which keeps more of its revenue as profit, Eplus or PN Smart Energy?

Eplus had a net margin of 5.4% in fiscal 2026; PN Smart Energy had -4.3% in fiscal 2025.

Which grew revenue faster, Eplus or PN Smart Energy?

In their latest fiscal years revenue changed by +22.1% at Eplus and +27.0% at PN Smart Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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