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德纳（DAN）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\的季度营收约是德纳的1.3倍（$1.7B vs $1.3B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -3.9%，领先7.5%），RUSH ENTERPRISES INC \TX\同比增速更快（-9.0% vs -44.5%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $345.0M），过去两年RUSH ENTERPRISES INC \TX\的营收复合增速更高（-6.8% vs -31.2%）
德纳（Dana Inc.）是美国知名汽车零部件供应商，创立于1904年，总部位于俄亥俄州莫米。公司为传统燃油车、混合动力车及电动车提供车桥、传动轴，以及电驱动、热管理、密封、数字设备等产品，服务于轻型车、商用车市场，业务遍及33个国家，员工近2.8万人，2022年销售额达102亿美元，位列财富世界500强。
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。
DAN vs RUSHA — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $-50.0M | $61.7M |
| 毛利率 | 6.0% | 20.4% |
| 营业利润率 | -0.2% | 4.9% |
| 净利率 | -3.9% | 3.7% |
| 营收同比 | -44.5% | -9.0% |
| 净利润同比 | 37.5% | 1.8% |
| 每股收益（稀释后） | $-0.36 | $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
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.7B | $1.9B |
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-50.0M | $64.3M | ||
| Q3 25 | $83.0M | $66.7M | ||
| Q2 25 | $27.0M | $72.4M | ||
| Q1 25 | $25.0M | $60.3M | ||
| Q4 24 | $-80.0M | $74.8M | ||
| Q3 24 | $4.0M | $79.1M | ||
| Q2 24 | $16.0M | $78.7M |
| Q1 26 | — | 20.4% | ||
| Q4 25 | 6.0% | 20.8% | ||
| Q3 25 | 8.7% | 21.0% | ||
| Q2 25 | 7.1% | 20.7% | ||
| Q1 25 | 9.4% | 20.3% | ||
| Q4 24 | 5.7% | 19.3% | ||
| Q3 24 | 9.9% | 21.0% | ||
| Q2 24 | 9.3% | 20.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | -0.2% | 5.5% | ||
| Q3 25 | 2.8% | 5.6% | ||
| Q2 25 | 0.8% | 6.0% | ||
| Q1 25 | 3.1% | 5.2% | ||
| Q4 24 | -1.5% | 5.8% | ||
| Q3 24 | 3.6% | 6.7% | ||
| Q2 24 | 3.8% | 6.4% |
| Q1 26 | — | 3.7% | ||
| Q4 25 | -3.9% | 3.8% | ||
| Q3 25 | 4.3% | 3.7% | ||
| Q2 25 | 1.4% | 3.9% | ||
| Q1 25 | 1.1% | 3.4% | ||
| Q4 24 | -3.4% | 3.9% | ||
| Q3 24 | 0.2% | 4.4% | ||
| Q2 24 | 0.6% | 4.1% |
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.36 | $0.81 | ||
| Q3 25 | $0.64 | $0.83 | ||
| Q2 25 | $0.19 | $0.90 | ||
| Q1 25 | $0.17 | $0.73 | ||
| Q4 24 | $-0.55 | $-95.13 | ||
| Q3 24 | $0.03 | $0.97 | ||
| Q2 24 | $0.11 | $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 | $469.0M | — |
| 总债务越低越好 | $2.6B | $277.8M |
| 股东权益账面价值 | $840.0M | $2.3B |
| 总资产 | $7.8B | $4.5B |
| 负债/权益比越低杠杆越低 | 3.05× | 0.12× |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $469.0M | $212.6M | ||
| Q3 25 | $414.0M | $242.0M | ||
| Q2 25 | $486.0M | $211.1M | ||
| Q1 25 | $507.0M | $228.7M | ||
| Q4 24 | $494.0M | $228.1M | ||
| Q3 24 | $419.0M | $185.1M | ||
| Q2 24 | $419.0M | $167.3M |
| Q1 26 | — | $277.8M | ||
| Q4 25 | $2.6B | $274.8M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $408.4M | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $840.0M | $2.2B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.5B | $2.0B |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $7.8B | $4.4B | ||
| Q3 25 | $8.1B | $4.6B | ||
| Q2 25 | $8.1B | $4.7B | ||
| Q1 25 | $7.8B | $4.7B | ||
| Q4 24 | $7.5B | $4.6B | ||
| Q3 24 | $7.9B | $4.6B | ||
| Q2 24 | $7.8B | $4.5B |
| Q1 26 | — | 0.12× | ||
| Q4 25 | 3.05× | 0.12× | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.79× | 0.19× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.62× | — |
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 | $406.0M | — |
| 自由现金流经营现金流 - 资本支出 | $345.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 26.6% | 24.4% |
| 资本支出强度资本支出/营收 | 4.7% | 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 | $298.0M | $828.4M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $406.0M | $112.9M | ||
| Q3 25 | $111.0M | $367.8M | ||
| Q2 25 | $32.0M | $227.6M | ||
| Q1 25 | $-37.0M | $153.5M | ||
| Q4 24 | $302.0M | $392.3M | ||
| Q3 24 | $35.0M | $111.7M | ||
| Q2 24 | $215.0M | $270.6M |
| Q1 26 | — | $411.6M | ||
| Q4 25 | $345.0M | $31.9M | ||
| Q3 25 | $62.0M | $271.2M | ||
| Q2 25 | $3.0M | $113.8M | ||
| Q1 25 | $-112.0M | $45.1M | ||
| Q4 24 | $149.0M | $263.5M | ||
| Q3 24 | $-11.0M | $-20.0M | ||
| Q2 24 | $104.0M | $177.2M |
| Q1 26 | — | 24.4% | ||
| Q4 25 | 26.6% | 1.9% | ||
| Q3 25 | 3.2% | 15.2% | ||
| Q2 25 | 0.2% | 6.2% | ||
| Q1 25 | -4.8% | 2.6% | ||
| Q4 24 | 6.4% | 13.7% | ||
| Q3 24 | -0.4% | -1.1% | ||
| Q2 24 | 3.8% | 9.1% |
| Q1 26 | — | 2.0% | ||
| Q4 25 | 4.7% | 4.8% | ||
| Q3 25 | 2.6% | 5.4% | ||
| Q2 25 | 1.5% | 6.2% | ||
| Q1 25 | 3.2% | 6.2% | ||
| Q4 24 | 6.6% | 6.7% | ||
| Q3 24 | 1.9% | 7.3% | ||
| Q2 24 | 4.1% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | 1.34× | 5.51× | ||
| Q2 25 | 1.19× | 3.14× | ||
| Q1 25 | -1.48× | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | 8.75× | 1.41× | ||
| Q2 24 | 13.44× | 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
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
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% |
