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CLEAN HARBORS INC（CLH）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CLEAN HARBORS INC的1.1倍（$1.7B vs $1.5B），CLEAN HARBORS INC净利率更高（5.8% vs 3.7%，领先2.1%），CLEAN HARBORS INC同比增速更快（4.8% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $233.3M），过去两年CLEAN HARBORS INC的营收复合增速更高（4.4% vs -6.8%）
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
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。
CLH 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
CLH
高出13.8%
-9.0%
净利率更高
CLH
高出2.1%
3.7%
自由现金流更多
RUSHA
多$178.2M
$233.3M
两年增速更快
CLH
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 | $86.6M | $61.7M |
| 毛利率 | 30.6% | 20.4% |
| 营业利润率 | 10.6% | 4.9% |
| 净利率 | 5.8% | 3.7% |
| 营收同比 | 4.8% | -9.0% |
| 净利润同比 | 3.1% | 1.8% |
| 每股收益（稀释后） | $1.62 | $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CLHRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.6B | $1.9B |
净利润CLHRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $86.6M | $64.3M | ||
| Q3 25 | $118.8M | $66.7M | ||
| Q2 25 | $126.9M | $72.4M | ||
| Q1 25 | $58.7M | $60.3M | ||
| Q4 24 | $84.0M | $74.8M | ||
| Q3 24 | $115.2M | $79.1M | ||
| Q2 24 | $133.3M | $78.7M |
毛利率CLHRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 30.6% | 20.8% | ||
| Q3 25 | 32.3% | 21.0% | ||
| Q2 25 | 33.3% | 20.7% | ||
| Q1 25 | 28.6% | 20.3% | ||
| Q4 24 | 29.9% | 19.3% | ||
| Q3 24 | 31.0% | 21.0% | ||
| Q2 24 | 33.3% | 20.2% |
营业利润率CLHRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 10.6% | 5.5% | ||
| Q3 25 | 12.5% | 5.6% | ||
| Q2 25 | 13.6% | 6.0% | ||
| Q1 25 | 7.8% | 5.2% | ||
| Q4 24 | 9.6% | 5.8% | ||
| Q3 24 | 12.6% | 6.7% | ||
| Q2 24 | 13.9% | 6.4% |
净利率CLHRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 5.8% | 3.8% | ||
| Q3 25 | 7.7% | 3.7% | ||
| Q2 25 | 8.2% | 3.9% | ||
| Q1 25 | 4.1% | 3.4% | ||
| Q4 24 | 5.9% | 3.9% | ||
| Q3 24 | 7.5% | 4.4% | ||
| Q2 24 | 8.6% | 4.1% |
每股收益（稀释后）CLHRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.62 | $0.81 | ||
| Q3 25 | $2.21 | $0.83 | ||
| Q2 25 | $2.36 | $0.90 | ||
| Q1 25 | $1.09 | $0.73 | ||
| Q4 24 | $1.55 | $-95.13 | ||
| Q3 24 | $2.12 | $0.97 | ||
| Q2 24 | $2.46 | $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 | $127.4M | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $2.7B | $2.3B |
| 总资产 | $7.6B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资CLHRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $127.4M | $212.6M | ||
| Q3 25 | $91.2M | $242.0M | ||
| Q2 25 | $98.9M | $211.1M | ||
| Q1 25 | $105.9M | $228.7M | ||
| Q4 24 | $102.6M | $228.1M | ||
| Q3 24 | $82.4M | $185.1M | ||
| Q2 24 | $91.3M | $167.3M |
总债务CLHRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CLHRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.7B | $2.2B | ||
| Q3 25 | $2.8B | $2.2B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.6B | $2.1B | ||
| Q3 24 | $2.5B | $2.1B | ||
| Q2 24 | $2.4B | $2.0B |
总资产CLHRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $7.6B | $4.4B | ||
| Q3 25 | $7.5B | $4.6B | ||
| Q2 25 | $7.4B | $4.7B | ||
| Q1 25 | $7.2B | $4.7B | ||
| Q4 24 | $7.4B | $4.6B | ||
| Q3 24 | $7.3B | $4.6B | ||
| Q2 24 | $7.1B | $4.5B |
负债/权益比CLHRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 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 | $355.1M | — |
| 自由现金流经营现金流 - 资本支出 | $233.3M | $411.6M |
| 自由现金流率自由现金流/营收 | 15.6% | 24.4% |
| 资本支出强度资本支出/营收 | 8.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 4.10× | — |
| 过去12个月自由现金流最近4个季度 | $441.8M | $828.4M |
8季度趋势，按日历期对齐
经营现金流CLHRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $355.1M | $112.9M | ||
| Q3 25 | $302.0M | $367.8M | ||
| Q2 25 | $208.0M | $227.6M | ||
| Q1 25 | $1.6M | $153.5M | ||
| Q4 24 | $303.9M | $392.3M | ||
| Q3 24 | $239.2M | $111.7M | ||
| Q2 24 | $216.0M | $270.6M |
自由现金流CLHRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $233.3M | $31.9M | ||
| Q3 25 | $207.5M | $271.2M | ||
| Q2 25 | $118.0M | $113.8M | ||
| Q1 25 | $-117.1M | $45.1M | ||
| Q4 24 | $241.5M | $263.5M | ||
| Q3 24 | $142.4M | $-20.0M | ||
| Q2 24 | $80.9M | $177.2M |
自由现金流率CLHRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 15.6% | 1.9% | ||
| Q3 25 | 13.4% | 15.2% | ||
| Q2 25 | 7.6% | 6.2% | ||
| Q1 25 | -8.2% | 2.6% | ||
| Q4 24 | 16.9% | 13.7% | ||
| Q3 24 | 9.3% | -1.1% | ||
| Q2 24 | 5.2% | 9.1% |
资本支出强度CLHRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 8.1% | 4.8% | ||
| Q3 25 | 6.1% | 5.4% | ||
| Q2 25 | 5.8% | 6.2% | ||
| Q1 25 | 8.3% | 6.2% | ||
| Q4 24 | 4.4% | 6.7% | ||
| Q3 24 | 6.3% | 7.3% | ||
| Q2 24 | 8.7% | 4.8% |
现金转化率CLHRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.75× | ||
| Q3 25 | 2.54× | 5.51× | ||
| Q2 25 | 1.64× | 3.14× | ||
| Q1 25 | 0.03× | 2.55× | ||
| Q4 24 | 3.62× | 5.25× | ||
| Q3 24 | 2.08× | 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
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
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% |
