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CoreWeave, Inc.（CRWV）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CoreWeave, Inc.的1.1倍（$1.7B vs $1.6B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -28.7%，领先32.4%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-2.5B）
CoreWeave是总部位于美国新泽西州利文斯顿的人工智能云计算企业，专注为AI开发者及各行业企业客户提供云侧图形处理器（GPU）算力基础设施，同时自主研发芯片管理相关软件。
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。
CRWV vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.1倍
$1.6B
净利率更高
RUSHA
高出32.4%
-28.7%
自由现金流更多
RUSHA
多$2.9B
$-2.5B
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $-451.7M | $61.7M |
| 毛利率 | 67.6% | 20.4% |
| 营业利润率 | -5.7% | 4.9% |
| 净利率 | -28.7% | 3.7% |
| 营收同比 | — | -9.0% |
| 净利润同比 | — | 1.8% |
| 每股收益（稀释后） | $-0.50 | $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CRWVRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $981.6M | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $583.9M | $1.8B | ||
| Q2 24 | $395.4M | $1.9B |
净利润CRWVRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-451.7M | $64.3M | ||
| Q3 25 | $-110.1M | $66.7M | ||
| Q2 25 | $-290.5M | $72.4M | ||
| Q1 25 | $-314.6M | $60.3M | ||
| Q4 24 | — | $74.8M | ||
| Q3 24 | $-359.8M | $79.1M | ||
| Q2 24 | $-323.0M | $78.7M |
毛利率CRWVRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 67.6% | 20.8% | ||
| Q3 25 | 73.0% | 21.0% | ||
| Q2 25 | 74.2% | 20.7% | ||
| Q1 25 | 73.3% | 20.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | 75.5% | 21.0% | ||
| Q2 24 | 72.5% | 20.2% |
营业利润率CRWVRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | -5.7% | 5.5% | ||
| Q3 25 | 3.8% | 5.6% | ||
| Q2 25 | 1.6% | 6.0% | ||
| Q1 25 | -2.8% | 5.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 20.1% | 6.7% | ||
| Q2 24 | 19.7% | 6.4% |
净利率CRWVRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | -28.7% | 3.8% | ||
| Q3 25 | -8.1% | 3.7% | ||
| Q2 25 | -24.0% | 3.9% | ||
| Q1 25 | -32.1% | 3.4% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | -61.6% | 4.4% | ||
| Q2 24 | -81.7% | 4.1% |
每股收益（稀释后）CRWVRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.50 | $0.81 | ||
| Q3 25 | $-0.22 | $0.83 | ||
| Q2 25 | $-0.60 | $0.90 | ||
| Q1 25 | $-1.49 | $0.73 | ||
| Q4 24 | — | $-95.13 | ||
| Q3 24 | $-1.82 | $0.97 | ||
| Q2 24 | $-1.62 | $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 | $3.2B | — |
| 总债务越低越好 | $21.4B | $277.8M |
| 股东权益账面价值 | $3.3B | $2.3B |
| 总资产 | $49.3B | $4.5B |
| 负债/权益比越低杠杆越低 | 6.41× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资CRWVRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $212.6M | ||
| Q3 25 | $1.9B | $242.0M | ||
| Q2 25 | $1.2B | $211.1M | ||
| Q1 25 | $1.3B | $228.7M | ||
| Q4 24 | — | $228.1M | ||
| Q3 24 | $1.4B | $185.1M | ||
| Q2 24 | $1.0B | $167.3M |
总债务CRWVRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $21.4B | $274.8M | ||
| Q3 25 | $14.0B | — | ||
| Q2 25 | $11.1B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CRWVRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $3.3B | $2.2B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $-344.0M | $2.1B | ||
| Q2 24 | $-1.0B | $2.0B |
总资产CRWVRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $49.3B | $4.4B | ||
| Q3 25 | $32.9B | $4.6B | ||
| Q2 25 | $26.2B | $4.7B | ||
| Q1 25 | $21.9B | $4.7B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.5B |
负债/权益比CRWVRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 6.41× | 0.12× | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 4.16× | — | ||
| Q1 25 | 4.57× | — | ||
| 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 | $1.6B | — |
| 自由现金流经营现金流 - 资本支出 | $-2.5B | $411.6M |
| 自由现金流率自由现金流/营收 | -159.1% | 24.4% |
| 资本支出强度资本支出/营收 | 258.3% | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-7.3B | $828.4M |
8季度趋势，按日历期对齐
经营现金流CRWVRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $112.9M | ||
| Q3 25 | $1.7B | $367.8M | ||
| Q2 25 | $-251.3M | $227.6M | ||
| Q1 25 | $61.2M | $153.5M | ||
| Q4 24 | — | $392.3M | ||
| Q3 24 | — | $111.7M | ||
| Q2 24 | — | $270.6M |
自由现金流CRWVRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $-2.5B | $31.9M | ||
| Q3 25 | $-699.8M | $271.2M | ||
| Q2 25 | $-2.7B | $113.8M | ||
| Q1 25 | $-1.3B | $45.1M | ||
| Q4 24 | — | $263.5M | ||
| Q3 24 | — | $-20.0M | ||
| Q2 24 | — | $177.2M |
自由现金流率CRWVRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | -159.1% | 1.9% | ||
| Q3 25 | -51.3% | 15.2% | ||
| Q2 25 | -223.0% | 6.2% | ||
| Q1 25 | -137.1% | 2.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 9.1% |
资本支出强度CRWVRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 258.3% | 4.8% | ||
| Q3 25 | 175.1% | 5.4% | ||
| Q2 25 | 202.3% | 6.2% | ||
| Q1 25 | 143.4% | 6.2% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 4.8% |
现金转化率CRWVRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 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
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
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% |
