vs
TopBuild Corp（BLD）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
RUSH ENTERPRISES INC \TX\的季度营收约是TopBuild Corp的1.1倍（$1.7B vs $1.5B），TopBuild Corp净利率更高（7.0% vs 3.7%，领先3.4%），TopBuild Corp同比增速更快（13.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $159.4M），过去两年TopBuild Corp的营收复合增速更高（7.8% vs -6.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
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。
BLD vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.1倍
$1.5B
营收增速更快
BLD
高出22.2%
-9.0%
净利率更高
BLD
高出3.4%
3.7%
自由现金流更多
RUSHA
多$252.2M
$159.4M
两年增速更快
BLD
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.7B |
| 净利润 | $104.5M | $61.7M |
| 毛利率 | 27.2% | 20.4% |
| 营业利润率 | 12.1% | 4.9% |
| 净利率 | 7.0% | 3.7% |
| 营收同比 | 13.2% | -9.0% |
| 净利润同比 | -30.6% | 1.8% |
| 每股收益（稀释后） | $3.69 | $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BLDRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.4B | $1.9B |
净利润BLDRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $104.5M | $64.3M | ||
| Q3 25 | $142.2M | $66.7M | ||
| Q2 25 | $151.6M | $72.4M | ||
| Q1 25 | $123.4M | $60.3M | ||
| Q4 24 | $150.5M | $74.8M | ||
| Q3 24 | $169.0M | $79.1M | ||
| Q2 24 | $150.7M | $78.7M |
毛利率BLDRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 27.2% | 20.8% | ||
| Q3 25 | 30.1% | 21.0% | ||
| Q2 25 | 30.4% | 20.7% | ||
| Q1 25 | 28.5% | 20.3% | ||
| Q4 24 | 29.9% | 19.3% | ||
| Q3 24 | 30.7% | 21.0% | ||
| Q2 24 | 31.0% | 20.2% |
营业利润率BLDRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 12.1% | 5.5% | ||
| Q3 25 | 15.4% | 5.6% | ||
| Q2 25 | 16.9% | 6.0% | ||
| Q1 25 | 14.4% | 5.2% | ||
| Q4 24 | 16.6% | 5.8% | ||
| Q3 24 | 17.8% | 6.7% | ||
| Q2 24 | 15.4% | 6.4% |
净利率BLDRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 7.0% | 3.8% | ||
| Q3 25 | 10.2% | 3.7% | ||
| Q2 25 | 11.7% | 3.9% | ||
| Q1 25 | 10.0% | 3.4% | ||
| Q4 24 | 11.5% | 3.9% | ||
| Q3 24 | 12.3% | 4.4% | ||
| Q2 24 | 11.0% | 4.1% |
每股收益（稀释后）BLDRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $3.69 | $0.81 | ||
| Q3 25 | $5.04 | $0.83 | ||
| Q2 25 | $5.32 | $0.90 | ||
| Q1 25 | $4.23 | $0.73 | ||
| Q4 24 | $5.07 | $-95.13 | ||
| Q3 24 | $5.65 | $0.97 | ||
| Q2 24 | $4.78 | $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 | $184.7M | — |
| 总债务越低越好 | $2.8B | $277.8M |
| 股东权益账面价值 | $2.3B | $2.3B |
| 总资产 | $6.6B | $4.5B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资BLDRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $184.7M | $212.6M | ||
| Q3 25 | $1.1B | $242.0M | ||
| Q2 25 | $842.5M | $211.1M | ||
| Q1 25 | $308.8M | $228.7M | ||
| Q4 24 | $400.3M | $228.1M | ||
| Q3 24 | $257.3M | $185.1M | ||
| Q2 24 | $463.2M | $167.3M |
总债务BLDRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $2.8B | $274.8M | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $408.4M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益BLDRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.4B | $2.0B |
总资产BLDRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $6.6B | $4.4B | ||
| Q3 25 | $6.4B | $4.6B | ||
| Q2 25 | $5.1B | $4.7B | ||
| Q1 25 | $4.6B | $4.7B | ||
| Q4 24 | $4.7B | $4.6B | ||
| Q3 24 | $4.7B | $4.6B | ||
| Q2 24 | $4.9B | $4.5B |
负债/权益比BLDRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 1.23× | 0.12× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | 0.19× | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — |
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 | $176.7M | — |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $411.6M |
| 自由现金流率自由现金流/营收 | 10.7% | 24.4% |
| 资本支出强度资本支出/营收 | 1.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.69× | — |
| 过去12个月自由现金流最近4个季度 | $696.9M | $828.4M |
8季度趋势，按日历期对齐
经营现金流BLDRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $176.7M | $112.9M | ||
| Q3 25 | $233.3M | $367.8M | ||
| Q2 25 | $193.7M | $227.6M | ||
| Q1 25 | $152.6M | $153.5M | ||
| Q4 24 | $266.2M | $392.3M | ||
| Q3 24 | $240.7M | $111.7M | ||
| Q2 24 | $90.4M | $270.6M |
自由现金流BLDRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $159.4M | $31.9M | ||
| Q3 25 | $216.2M | $271.2M | ||
| Q2 25 | $182.2M | $113.8M | ||
| Q1 25 | $139.2M | $45.1M | ||
| Q4 24 | $253.7M | $263.5M | ||
| Q3 24 | $219.8M | $-20.0M | ||
| Q2 24 | $74.3M | $177.2M |
自由现金流率BLDRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 10.7% | 1.9% | ||
| Q3 25 | 15.5% | 15.2% | ||
| Q2 25 | 14.0% | 6.2% | ||
| Q1 25 | 11.3% | 2.6% | ||
| Q4 24 | 19.3% | 13.7% | ||
| Q3 24 | 16.0% | -1.1% | ||
| Q2 24 | 5.4% | 9.1% |
资本支出强度BLDRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 1.2% | 4.8% | ||
| Q3 25 | 1.2% | 5.4% | ||
| Q2 25 | 0.9% | 6.2% | ||
| Q1 25 | 1.1% | 6.2% | ||
| Q4 24 | 1.0% | 6.7% | ||
| Q3 24 | 1.5% | 7.3% | ||
| Q2 24 | 1.2% | 4.8% |
现金转化率BLDRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | 1.75× | ||
| Q3 25 | 1.64× | 5.51× | ||
| Q2 25 | 1.28× | 3.14× | ||
| Q1 25 | 1.24× | 2.55× | ||
| Q4 24 | 1.77× | 5.25× | ||
| Q3 24 | 1.42× | 1.41× | ||
| Q2 24 | 0.60× | 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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
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% |
