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礼蓝动物保健（ELAN）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\的季度营收约是礼蓝动物保健的1.5倍（$1.7B vs $1.1B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -24.1%，领先27.8%），礼蓝动物保健同比增速更快（12.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $46.0M），过去两年礼蓝动物保健的营收复合增速更高（-2.6% vs -6.8%）
礼蓝动物保健是一家美国动物保健制药企业，专注于生产宠物及家畜用药品与疫苗。该公司原为礼来公司旗下子公司，2019年完成分拆独立，目前是全球第三大动物保健企业。
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。
ELAN vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.5倍
$1.1B
营收增速更快
ELAN
高出21.2%
-9.0%
净利率更高
RUSHA
高出27.8%
-24.1%
自由现金流更多
RUSHA
多$365.6M
$46.0M
两年增速更快
ELAN
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $-276.0M | $61.7M |
| 毛利率 | 51.5% | 20.4% |
| 营业利润率 | -22.6% | 4.9% |
| 净利率 | -24.1% | 3.7% |
| 营收同比 | 12.2% | -9.0% |
| 净利润同比 | -3350.0% | 1.8% |
| 每股收益（稀释后） | $-0.55 | $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ELANRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.2B | $1.9B |
净利润ELANRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-276.0M | $64.3M | ||
| Q3 25 | $-34.0M | $66.7M | ||
| Q2 25 | $11.0M | $72.4M | ||
| Q1 25 | $67.0M | $60.3M | ||
| Q4 24 | $-8.0M | $74.8M | ||
| Q3 24 | $364.0M | $79.1M | ||
| Q2 24 | $-50.0M | $78.7M |
毛利率ELANRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 51.5% | 20.8% | ||
| Q3 25 | 53.4% | 21.0% | ||
| Q2 25 | 57.5% | 20.7% | ||
| Q1 25 | 57.3% | 20.3% | ||
| Q4 24 | 50.9% | 19.3% | ||
| Q3 24 | 52.2% | 21.0% | ||
| Q2 24 | 58.2% | 20.2% |
营业利润率ELANRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | -22.6% | 5.5% | ||
| Q3 25 | -4.4% | 5.6% | ||
| Q2 25 | 2.0% | 6.0% | ||
| Q1 25 | 5.0% | 5.2% | ||
| Q4 24 | -5.0% | 5.8% | ||
| Q3 24 | 54.3% | 6.7% | ||
| Q2 24 | -2.7% | 6.4% |
净利率ELANRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | -24.1% | 3.8% | ||
| Q3 25 | -3.0% | 3.7% | ||
| Q2 25 | 0.9% | 3.9% | ||
| Q1 25 | 5.6% | 3.4% | ||
| Q4 24 | -0.8% | 3.9% | ||
| Q3 24 | 35.3% | 4.4% | ||
| Q2 24 | -4.2% | 4.1% |
每股收益（稀释后）ELANRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.55 | $0.81 | ||
| Q3 25 | $-0.07 | $0.83 | ||
| Q2 25 | $0.02 | $0.90 | ||
| Q1 25 | $0.13 | $0.73 | ||
| Q4 24 | $-0.01 | $-95.13 | ||
| Q3 24 | $0.73 | $0.97 | ||
| Q2 24 | $-0.10 | $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 | $545.0M | — |
| 总债务越低越好 | $3.9B | $277.8M |
| 股东权益账面价值 | $6.5B | $2.3B |
| 总资产 | $13.4B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资ELANRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $545.0M | $212.6M | ||
| Q3 25 | $505.0M | $242.0M | ||
| Q2 25 | $539.0M | $211.1M | ||
| Q1 25 | $487.0M | $228.7M | ||
| Q4 24 | $468.0M | $228.1M | ||
| Q3 24 | $490.0M | $185.1M | ||
| Q2 24 | $416.0M | $167.3M |
总债务ELANRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $3.9B | $274.8M | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | $408.4M | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $5.7B | — |
股东权益ELANRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $6.5B | $2.2B | ||
| Q3 25 | $6.7B | $2.2B | ||
| Q2 25 | $6.8B | $2.2B | ||
| Q1 25 | $6.4B | $2.2B | ||
| Q4 24 | $6.1B | $2.1B | ||
| Q3 24 | $6.5B | $2.1B | ||
| Q2 24 | $5.9B | $2.0B |
总资产ELANRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $13.4B | $4.4B | ||
| Q3 25 | $13.6B | $4.6B | ||
| Q2 25 | $13.7B | $4.7B | ||
| Q1 25 | $12.9B | $4.7B | ||
| Q4 24 | $12.6B | $4.6B | ||
| Q3 24 | $13.3B | $4.6B | ||
| Q2 24 | $13.8B | $4.5B |
负债/权益比ELANRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.60× | 0.12× | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.70× | 0.19× | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.96× | — |
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 | $108.0M | — |
| 自由现金流经营现金流 - 资本支出 | $46.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 4.0% | 24.4% |
| 资本支出强度资本支出/营收 | 5.4% | 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 | $284.0M | $828.4M |
8季度趋势，按日历期对齐
经营现金流ELANRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $108.0M | $112.9M | ||
| Q3 25 | $219.0M | $367.8M | ||
| Q2 25 | $237.0M | $227.6M | ||
| Q1 25 | $-4.0M | $153.5M | ||
| Q4 24 | $177.0M | $392.3M | ||
| Q3 24 | $162.0M | $111.7M | ||
| Q2 24 | $200.0M | $270.6M |
自由现金流ELANRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $46.0M | $31.9M | ||
| Q3 25 | $127.0M | $271.2M | ||
| Q2 25 | $180.0M | $113.8M | ||
| Q1 25 | $-69.0M | $45.1M | ||
| Q4 24 | $130.0M | $263.5M | ||
| Q3 24 | $120.0M | $-20.0M | ||
| Q2 24 | $166.0M | $177.2M |
自由现金流率ELANRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 4.0% | 1.9% | ||
| Q3 25 | 11.2% | 15.2% | ||
| Q2 25 | 14.5% | 6.2% | ||
| Q1 25 | -5.8% | 2.6% | ||
| Q4 24 | 12.7% | 13.7% | ||
| Q3 24 | 11.7% | -1.1% | ||
| Q2 24 | 14.0% | 9.1% |
资本支出强度ELANRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 5.4% | 4.8% | ||
| Q3 25 | 8.1% | 5.4% | ||
| Q2 25 | 4.6% | 6.2% | ||
| Q1 25 | 5.4% | 6.2% | ||
| Q4 24 | 4.6% | 6.7% | ||
| Q3 24 | 4.1% | 7.3% | ||
| Q2 24 | 2.9% | 4.8% |
现金转化率ELANRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | 21.55× | 3.14× | ||
| Q1 25 | -0.06× | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | 0.45× | 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
ELAN
| Pet Health | $489.0M | 43% |
| Cattle | $296.0M | 26% |
| Poultry | $237.0M | 21% |
| Swine | $107.0M | 9% |
| Contract Manufacturing | $15.0M | 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% |
