vs
APA Corporation（APA）与RUSH ENTERPRISES INC \TX\（RUSHA）财务数据对比。点击上方公司名可切换其他公司
APA Corporation的季度营收约是RUSH ENTERPRISES INC \TX\的1.3倍（$2.2B vs $1.7B），APA Corporation净利率更高（15.0% vs 3.7%，领先11.3%），RUSH ENTERPRISES INC \TX\同比增速更快（-9.0% vs -24.3%），过去两年APA Corporation的营收复合增速更高（1.4% vs -6.8%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
APA vs RUSHA — 直观对比
营收规模更大
APA
是对方的1.3倍
$1.7B
营收增速更快
RUSHA
高出15.3%
-24.3%
净利率更高
APA
高出11.3%
3.7%
两年增速更快
APA
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.7B |
| 净利润 | $331.0M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 32.5% | 4.9% |
| 净利率 | 15.0% | 3.7% |
| 营收同比 | -24.3% | -9.0% |
| 净利润同比 | -22.1% | 1.8% |
| 每股收益（稀释后） | $0.79 | $0.77 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APARUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $2.3B | $1.8B | ||
| Q2 25 | $2.3B | $1.8B | ||
| Q1 25 | $2.7B | $1.8B | ||
| Q4 24 | $2.9B | $1.9B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.9B |
净利润APARUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $331.0M | $64.3M | ||
| Q3 25 | $205.0M | $66.7M | ||
| Q2 25 | $603.0M | $72.4M | ||
| Q1 25 | $418.0M | $60.3M | ||
| Q4 24 | $425.0M | $74.8M | ||
| Q3 24 | $-223.0M | $79.1M | ||
| Q2 24 | $541.0M | $78.7M |
毛利率APARUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 20.2% |
营业利润率APARUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 32.5% | 5.5% | ||
| Q3 25 | 33.7% | 5.6% | ||
| Q2 25 | 31.8% | 6.0% | ||
| Q1 25 | 31.9% | 5.2% | ||
| Q4 24 | 31.4% | 5.8% | ||
| Q3 24 | -5.2% | 6.7% | ||
| Q2 24 | 34.4% | 6.4% |
净利率APARUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 15.0% | 3.8% | ||
| Q3 25 | 9.0% | 3.7% | ||
| Q2 25 | 26.0% | 3.9% | ||
| Q1 25 | 15.4% | 3.4% | ||
| Q4 24 | 14.6% | 3.9% | ||
| Q3 24 | -8.1% | 4.4% | ||
| Q2 24 | 19.0% | 4.1% |
每股收益（稀释后）APARUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.79 | $0.81 | ||
| Q3 25 | $0.57 | $0.83 | ||
| Q2 25 | $1.67 | $0.90 | ||
| Q1 25 | $0.96 | $0.73 | ||
| Q4 24 | $0.97 | $-95.13 | ||
| Q3 24 | $-0.60 | $0.97 | ||
| Q2 24 | $1.46 | $97.00 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $516.0M | — |
| 总债务越低越好 | $4.3B | $277.8M |
| 股东权益账面价值 | $6.1B | $2.3B |
| 总资产 | $17.8B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资APARUSHA
| Q1 26 | — | — | ||
| Q4 25 | $516.0M | $212.6M | ||
| Q3 25 | $475.0M | $242.0M | ||
| Q2 25 | $107.0M | $211.1M | ||
| Q1 25 | $67.0M | $228.7M | ||
| Q4 24 | $625.0M | $228.1M | ||
| Q3 24 | $64.0M | $185.1M | ||
| Q2 24 | $160.0M | $167.3M |
总债务APARUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $4.3B | $274.8M | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | $408.4M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — |
股东权益APARUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $6.1B | $2.2B | ||
| Q3 25 | $6.0B | $2.2B | ||
| Q2 25 | $5.9B | $2.2B | ||
| Q1 25 | $5.4B | $2.2B | ||
| Q4 24 | $5.3B | $2.1B | ||
| Q3 24 | $5.1B | $2.1B | ||
| Q2 24 | $5.4B | $2.0B |
总资产APARUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $17.8B | $4.4B | ||
| Q3 25 | $17.7B | $4.6B | ||
| Q2 25 | $18.1B | $4.7B | ||
| Q1 25 | $18.5B | $4.7B | ||
| Q4 24 | $19.4B | $4.6B | ||
| Q3 24 | $19.4B | $4.6B | ||
| Q2 24 | $20.2B | $4.5B |
负债/权益比APARUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.70× | 0.12× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | 0.19× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $808.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | $411.6M |
| 自由现金流率自由现金流/营收 | — | 24.4% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | 2.44× | — |
| 过去12个月自由现金流最近4个季度 | — | $828.4M |
8季度趋势，按日历期对齐
经营现金流APARUSHA
| Q1 26 | — | — | ||
| Q4 25 | $808.0M | $112.9M | ||
| Q3 25 | $1.5B | $367.8M | ||
| Q2 25 | $1.2B | $227.6M | ||
| Q1 25 | $1.1B | $153.5M | ||
| Q4 24 | $1.0B | $392.3M | ||
| Q3 24 | $1.3B | $111.7M | ||
| Q2 24 | $877.0M | $270.6M |
自由现金流APARUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | — | $31.9M | ||
| Q3 25 | — | $271.2M | ||
| Q2 25 | — | $113.8M | ||
| Q1 25 | — | $45.1M | ||
| Q4 24 | — | $263.5M | ||
| Q3 24 | — | $-20.0M | ||
| Q2 24 | — | $177.2M |
自由现金流率APARUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 9.1% |
资本支出强度APARUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 4.8% |
现金转化率APARUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 1.75× | ||
| Q3 25 | 7.12× | 5.51× | ||
| Q2 25 | 1.96× | 3.14× | ||
| Q1 25 | 2.62× | 2.55× | ||
| Q4 24 | 2.44× | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 1.62× | 3.44× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
