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Cboe Global Markets（CBOE）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Cboe Global Markets的1.4倍（$1.7B vs $1.2B），Cboe Global Markets净利率更高（26.0% vs 3.7%，领先22.4%），Cboe Global Markets同比增速更快（8.7% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $332.1M），过去两年Cboe Global Markets的营收复合增速更高（12.2% vs -6.8%）
Cboe Global Markets是总部位于美国芝加哥的金融交易所运营集团，旗下拥有并运营多类交易所及交易场所，业务覆盖股票、期权、期货、数字资产等多个交易领域，为全球市场参与者提供专业交易服务支持。
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。
CBOE vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.4倍
$1.2B
营收增速更快
CBOE
高出17.7%
-9.0%
净利率更高
CBOE
高出22.4%
3.7%
自由现金流更多
RUSHA
多$79.5M
$332.1M
两年增速更快
CBOE
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $313.5M | $61.7M |
| 毛利率 | 55.7% | 20.4% |
| 营业利润率 | 33.5% | 4.9% |
| 净利率 | 26.0% | 3.7% |
| 营收同比 | 8.7% | -9.0% |
| 净利润同比 | 59.5% | 1.8% |
| 每股收益（稀释后） | $2.97 | $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CBOERUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $974.0M | $1.9B |
净利润CBOERUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $313.5M | $64.3M | ||
| Q3 25 | $300.8M | $66.7M | ||
| Q2 25 | $235.1M | $72.4M | ||
| Q1 25 | $250.6M | $60.3M | ||
| Q4 24 | $196.5M | $74.8M | ||
| Q3 24 | $218.5M | $79.1M | ||
| Q2 24 | $140.4M | $78.7M |
毛利率CBOERUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 55.7% | 20.8% | ||
| Q3 25 | 53.0% | 21.0% | ||
| Q2 25 | 50.0% | 20.7% | ||
| Q1 25 | 47.3% | 20.3% | ||
| Q4 24 | 47.4% | 19.3% | ||
| Q3 24 | 50.4% | 21.0% | ||
| Q2 24 | 52.8% | 20.2% |
营业利润率CBOERUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 33.5% | 5.5% | ||
| Q3 25 | 32.4% | 5.6% | ||
| Q2 25 | 28.9% | 6.0% | ||
| Q1 25 | 29.6% | 5.2% | ||
| Q4 24 | 27.0% | 5.8% | ||
| Q3 24 | 29.1% | 6.7% | ||
| Q2 24 | 21.6% | 6.4% |
净利率CBOERUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 26.0% | 3.8% | ||
| Q3 25 | 26.3% | 3.7% | ||
| Q2 25 | 20.0% | 3.9% | ||
| Q1 25 | 21.0% | 3.4% | ||
| Q4 24 | 17.7% | 3.9% | ||
| Q3 24 | 20.7% | 4.4% | ||
| Q2 24 | 14.4% | 4.1% |
每股收益（稀释后）CBOERUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $2.97 | $0.81 | ||
| Q3 25 | $2.85 | $0.83 | ||
| Q2 25 | $2.23 | $0.90 | ||
| Q1 25 | $2.37 | $0.73 | ||
| Q4 24 | $1.85 | $-95.13 | ||
| Q3 24 | $2.07 | $0.97 | ||
| Q2 24 | $1.33 | $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 | $2.3B | — |
| 总债务越低越好 | $1.4B | $277.8M |
| 股东权益账面价值 | $5.1B | $2.3B |
| 总资产 | $9.3B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资CBOERUSHA
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $212.6M | ||
| Q3 25 | $1.5B | $242.0M | ||
| Q2 25 | $1.5B | $211.1M | ||
| Q1 25 | $1.2B | $228.7M | ||
| Q4 24 | $1.0B | $228.1M | ||
| Q3 24 | $763.2M | $185.1M | ||
| Q2 24 | $698.3M | $167.3M |
总债务CBOERUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $1.4B | $274.8M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $408.4M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益CBOERUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $4.9B | $2.2B | ||
| Q2 25 | $4.7B | $2.2B | ||
| Q1 25 | $4.5B | $2.2B | ||
| Q4 24 | $4.3B | $2.1B | ||
| Q3 24 | $4.2B | $2.1B | ||
| Q2 24 | $4.0B | $2.0B |
总资产CBOERUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $9.3B | $4.4B | ||
| Q3 25 | $9.1B | $4.6B | ||
| Q2 25 | $9.0B | $4.7B | ||
| Q1 25 | $8.7B | $4.7B | ||
| Q4 24 | $7.8B | $4.6B | ||
| Q3 24 | $8.7B | $4.6B | ||
| Q2 24 | $9.3B | $4.5B |
负债/权益比CBOERUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.28× | 0.12× | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | 0.19× | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.36× | — |
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 | $352.1M | — |
| 自由现金流经营现金流 - 资本支出 | $332.1M | $411.6M |
| 自由现金流率自由现金流/营收 | 27.6% | 24.4% |
| 资本支出强度资本支出/营收 | 1.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.12× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | $828.4M |
8季度趋势，按日历期对齐
经营现金流CBOERUSHA
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $112.9M | ||
| Q3 25 | $153.9M | $367.8M | ||
| Q2 25 | $333.7M | $227.6M | ||
| Q1 25 | $912.9M | $153.5M | ||
| Q4 24 | $-710.4M | $392.3M | ||
| Q3 24 | $-578.5M | $111.7M | ||
| Q2 24 | $1.5B | $270.6M |
自由现金流CBOERUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $332.1M | $31.9M | ||
| Q3 25 | $137.9M | $271.2M | ||
| Q2 25 | $313.4M | $113.8M | ||
| Q1 25 | $898.2M | $45.1M | ||
| Q4 24 | $-734.2M | $263.5M | ||
| Q3 24 | $-590.5M | $-20.0M | ||
| Q2 24 | $1.5B | $177.2M |
自由现金流率CBOERUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 27.6% | 1.9% | ||
| Q3 25 | 12.1% | 15.2% | ||
| Q2 25 | 26.7% | 6.2% | ||
| Q1 25 | 75.2% | 2.6% | ||
| Q4 24 | -66.3% | 13.7% | ||
| Q3 24 | -55.9% | -1.1% | ||
| Q2 24 | 151.6% | 9.1% |
资本支出强度CBOERUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 1.7% | 4.8% | ||
| Q3 25 | 1.4% | 5.4% | ||
| Q2 25 | 1.7% | 6.2% | ||
| Q1 25 | 1.2% | 6.2% | ||
| Q4 24 | 2.1% | 6.7% | ||
| Q3 24 | 1.1% | 7.3% | ||
| Q2 24 | 1.8% | 4.8% |
现金转化率CBOERUSHA
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 1.75× | ||
| Q3 25 | 0.51× | 5.51× | ||
| Q2 25 | 1.42× | 3.14× | ||
| Q1 25 | 3.64× | 2.55× | ||
| Q4 24 | -3.62× | 5.25× | ||
| Q3 24 | -2.65× | 1.41× | ||
| Q2 24 | 10.64× | 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
CBOE
| Liquidity Payments | $443.6M | 37% |
| Cash And Spot Markets | $431.3M | 36% |
| Transferred Over Time | $84.3M | 7% |
| Market Data Fees | $82.7M | 7% |
| Royalty Fees | $68.9M | 6% |
| Futures | $36.1M | 3% |
| Global FX | $24.4M | 2% |
| Other Revenue | $23.1M | 2% |
| Routing And Clearing | $20.1M | 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% |
