vs
DARLING INGREDIENTS INC.（DAR）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DARLING INGREDIENTS INC.的1.1倍（$1.7B vs $1.6B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs 1.2%，领先2.4%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs -9.0%），过去两年DARLING INGREDIENTS INC.的营收复合增速更高（-1.6% vs -6.8%）
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
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。
DAR vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.1倍
$1.6B
营收增速更快
DAR
高出19.0%
-9.0%
净利率更高
RUSHA
高出2.4%
1.2%
两年增速更快
DAR
近两年复合增速
-6.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $19.4M | $61.7M |
| 毛利率 | 24.7% | 20.4% |
| 营业利润率 | 4.6% | 4.9% |
| 净利率 | 1.2% | 3.7% |
| 营收同比 | 10.0% | -9.0% |
| 净利润同比 | 14.2% | 1.8% |
| 每股收益（稀释后） | $0.12 | $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DARRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.5B | $1.9B |
净利润DARRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | — | $64.3M | ||
| Q3 25 | $19.4M | $66.7M | ||
| Q2 25 | $12.7M | $72.4M | ||
| Q1 25 | $-26.2M | $60.3M | ||
| Q4 24 | $101.9M | $74.8M | ||
| Q3 24 | $16.9M | $79.1M | ||
| Q2 24 | $78.9M | $78.7M |
毛利率DARRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | 24.7% | 21.0% | ||
| Q2 25 | 23.3% | 20.7% | ||
| Q1 25 | 22.6% | 20.3% | ||
| Q4 24 | 23.5% | 19.3% | ||
| Q3 24 | 22.1% | 21.0% | ||
| Q2 24 | 22.5% | 20.2% |
营业利润率DARRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | 4.6% | 5.6% | ||
| Q2 25 | 5.1% | 6.0% | ||
| Q1 25 | 2.1% | 5.2% | ||
| Q4 24 | 8.6% | 5.8% | ||
| Q3 24 | 4.2% | 6.7% | ||
| Q2 24 | 10.2% | 6.4% |
净利率DARRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | 1.2% | 3.7% | ||
| Q2 25 | 0.9% | 3.9% | ||
| Q1 25 | -1.9% | 3.4% | ||
| Q4 24 | 7.2% | 3.9% | ||
| Q3 24 | 1.2% | 4.4% | ||
| Q2 24 | 5.4% | 4.1% |
每股收益（稀释后）DARRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | $0.12 | $0.83 | ||
| Q2 25 | $0.08 | $0.90 | ||
| Q1 25 | $-0.16 | $0.73 | ||
| Q4 24 | $0.63 | $-95.13 | ||
| Q3 24 | $0.11 | $0.97 | ||
| Q2 24 | $0.49 | $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 | $91.5M | — |
| 总债务越低越好 | $4.0B | $277.8M |
| 股东权益账面价值 | $4.7B | $2.3B |
| 总资产 | $10.5B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资DARRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | $212.6M | ||
| Q3 25 | $91.5M | $242.0M | ||
| Q2 25 | $94.6M | $211.1M | ||
| Q1 25 | $81.5M | $228.7M | ||
| Q4 24 | $76.0M | $228.1M | ||
| Q3 24 | $114.8M | $185.1M | ||
| Q2 24 | $121.6M | $167.3M |
总债务DARRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | $408.4M | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | — |
股东权益DARRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.6B | $2.2B | ||
| Q1 25 | $4.4B | $2.2B | ||
| Q4 24 | $4.4B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $2.0B |
总资产DARRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | $10.5B | $4.6B | ||
| Q2 25 | $10.3B | $4.7B | ||
| Q1 25 | $10.0B | $4.7B | ||
| Q4 24 | $10.1B | $4.6B | ||
| Q3 24 | $10.6B | $4.6B | ||
| Q2 24 | $10.6B | $4.5B |
负债/权益比DARRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | 0.19× | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.97× | — |
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 | $224.3M | — |
| 自由现金流经营现金流 - 资本支出 | — | $411.6M |
| 自由现金流率自由现金流/营收 | — | 24.4% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | 11.59× | — |
| 过去12个月自由现金流最近4个季度 | — | $828.4M |
8季度趋势，按日历期对齐
经营现金流DARRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | $112.9M | ||
| Q3 25 | $224.3M | $367.8M | ||
| Q2 25 | $145.8M | $227.6M | ||
| Q1 25 | $249.0M | $153.5M | ||
| Q4 24 | $154.4M | $392.3M | ||
| Q3 24 | $274.5M | $111.7M | ||
| Q2 24 | $146.5M | $270.6M |
自由现金流DARRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | — | $31.9M | ||
| Q3 25 | — | $271.2M | ||
| Q2 25 | — | $113.8M | ||
| Q1 25 | — | $45.1M | ||
| Q4 24 | — | $263.5M | ||
| Q3 24 | — | $-20.0M | ||
| Q2 24 | — | $177.2M |
自由现金流率DARRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 9.1% |
资本支出强度DARRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 4.8% |
现金转化率DARRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | 11.59× | 5.51× | ||
| Q2 25 | 11.52× | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | 1.52× | 5.25× | ||
| Q3 24 | 16.19× | 1.41× | ||
| Q2 24 | 1.86× | 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
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
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% |
