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卡骆驰（CROX）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\的季度营收约是卡骆驰的1.8倍（$1.7B vs $957.6M），卡骆驰净利率更高（11.0% vs 3.7%，领先7.3%），卡骆驰同比增速更快（-3.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $246.4M），过去两年卡骆驰的营收复合增速更高（1.0% vs -6.8%）
卡骆驰（Crocs）是总部位于美国科罗拉多州布鲁姆菲尔德的鞋履企业，主打生产、销售旗下同名品牌的泡沫鞋履产品。其标志性鞋款虽被品牌称为“木屐”，但和传统木屐不同，不含木质材料，凭借舒适轻便的特性受到全球消费者喜爱。
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。
CROX vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.8倍
$957.6M
营收增速更快
CROX
高出5.8%
-9.0%
净利率更高
CROX
高出7.3%
3.7%
自由现金流更多
RUSHA
多$165.1M
$246.4M
两年增速更快
CROX
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $957.6M | $1.7B |
| 净利润 | $105.2M | $61.7M |
| 毛利率 | 54.7% | 20.4% |
| 营业利润率 | 15.3% | 4.9% |
| 净利率 | 11.0% | 3.7% |
| 营收同比 | -3.2% | -9.0% |
| 净利润同比 | -71.5% | 1.8% |
| 每股收益（稀释后） | $1.79 | $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CROXRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $957.6M | $1.7B | ||
| Q3 25 | $996.3M | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $937.3M | $1.8B | ||
| Q4 24 | $989.8M | $1.9B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.9B |
净利润CROXRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $105.2M | $64.3M | ||
| Q3 25 | $145.8M | $66.7M | ||
| Q2 25 | $-492.3M | $72.4M | ||
| Q1 25 | $160.1M | $60.3M | ||
| Q4 24 | $368.9M | $74.8M | ||
| Q3 24 | $199.8M | $79.1M | ||
| Q2 24 | $228.9M | $78.7M |
毛利率CROXRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 54.7% | 20.8% | ||
| Q3 25 | 58.5% | 21.0% | ||
| Q2 25 | 61.7% | 20.7% | ||
| Q1 25 | 57.8% | 20.3% | ||
| Q4 24 | 57.9% | 19.3% | ||
| Q3 24 | 59.6% | 21.0% | ||
| Q2 24 | 61.4% | 20.2% |
营业利润率CROXRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 15.3% | 5.5% | ||
| Q3 25 | 20.8% | 5.6% | ||
| Q2 25 | -37.2% | 6.0% | ||
| Q1 25 | 23.8% | 5.2% | ||
| Q4 24 | 20.2% | 5.8% | ||
| Q3 24 | 25.4% | 6.7% | ||
| Q2 24 | 29.3% | 6.4% |
净利率CROXRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 11.0% | 3.8% | ||
| Q3 25 | 14.6% | 3.7% | ||
| Q2 25 | -42.8% | 3.9% | ||
| Q1 25 | 17.1% | 3.4% | ||
| Q4 24 | 37.3% | 3.9% | ||
| Q3 24 | 18.8% | 4.4% | ||
| Q2 24 | 20.6% | 4.1% |
每股收益（稀释后）CROXRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.79 | $0.81 | ||
| Q3 25 | $2.70 | $0.83 | ||
| Q2 25 | $-8.82 | $0.90 | ||
| Q1 25 | $2.83 | $0.73 | ||
| Q4 24 | $6.25 | $-95.13 | ||
| Q3 24 | $3.36 | $0.97 | ||
| Q2 24 | $3.77 | $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 | $130.4M | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $1.3B | $2.3B |
| 总资产 | $4.2B | $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CROXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $130.4M | $212.6M | ||
| Q3 25 | $154.0M | $242.0M | ||
| Q2 25 | $200.6M | $211.1M | ||
| Q1 25 | $166.5M | $228.7M | ||
| Q4 24 | $180.5M | $228.1M | ||
| Q3 24 | $186.1M | $185.1M | ||
| Q2 24 | $167.7M | $167.3M |
总债务CROXRUSHA
| 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CROXRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.7B | $2.1B | ||
| Q2 24 | $1.7B | $2.0B |
总资产CROXRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.2B | $4.4B | ||
| Q3 25 | $4.3B | $4.6B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $5.1B | $4.7B | ||
| Q4 24 | $4.8B | $4.6B | ||
| Q3 24 | $4.7B | $4.6B | ||
| Q2 24 | $4.7B | $4.5B |
负债/权益比CROXRUSHA
| 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 | $252.5M | — |
| 自由现金流经营现金流 - 资本支出 | $246.4M | $411.6M |
| 自由现金流率自由现金流/营收 | 25.7% | 24.4% |
| 资本支出强度资本支出/营收 | 0.6% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.40× | — |
| 过去12个月自由现金流最近4个季度 | $659.2M | $828.4M |
8季度趋势，按日历期对齐
经营现金流CROXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $252.5M | $112.9M | ||
| Q3 25 | $239.3M | $367.8M | ||
| Q2 25 | $285.8M | $227.6M | ||
| Q1 25 | $-67.2M | $153.5M | ||
| Q4 24 | $321.9M | $392.3M | ||
| Q3 24 | $296.9M | $111.7M | ||
| Q2 24 | $401.2M | $270.6M |
自由现金流CROXRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $246.4M | $31.9M | ||
| Q3 25 | $226.2M | $271.2M | ||
| Q2 25 | $269.2M | $113.8M | ||
| Q1 25 | $-82.6M | $45.1M | ||
| Q4 24 | $303.4M | $263.5M | ||
| Q3 24 | $278.8M | $-20.0M | ||
| Q2 24 | $384.2M | $177.2M |
自由现金流率CROXRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 25.7% | 1.9% | ||
| Q3 25 | 22.7% | 15.2% | ||
| Q2 25 | 23.4% | 6.2% | ||
| Q1 25 | -8.8% | 2.6% | ||
| Q4 24 | 30.7% | 13.7% | ||
| Q3 24 | 26.3% | -1.1% | ||
| Q2 24 | 34.6% | 9.1% |
资本支出强度CROXRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.6% | 4.8% | ||
| Q3 25 | 1.3% | 5.4% | ||
| Q2 25 | 1.4% | 6.2% | ||
| Q1 25 | 1.6% | 6.2% | ||
| Q4 24 | 1.9% | 6.7% | ||
| Q3 24 | 1.7% | 7.3% | ||
| Q2 24 | 1.5% | 4.8% |
现金转化率CROXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 1.75× | ||
| Q3 25 | 1.64× | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | -0.42× | 2.55× | ||
| Q4 24 | 0.87× | 5.25× | ||
| Q3 24 | 1.49× | 1.41× | ||
| Q2 24 | 1.75× | 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
CROX
| Sales Channel Directly To Consumer | $333.2M | 35% |
| Other | $332.1M | 35% |
| HEYDUDE Brand Segment | $189.3M | 20% |
| Sales Channel Through Intermediary Wholesale | $103.1M | 11% |
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% |
