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ETSY INC（ETSY）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ETSY INC的2.0倍（$1.7B vs $831.5M），ETSY INC净利率更高（12.6% vs 3.7%，领先8.9%），ETSY INC同比增速更快（7.6% vs -9.0%），ETSY INC自由现金流更多（$671.2M vs $411.6M），过去两年ETSY INC的营收复合增速更高（13.3% vs -6.8%）
Etsy是美国电商企业，主打手工制品、复古商品及手工耗材交易，平台品类覆盖珠宝首饰、服饰、家居装饰、家具、玩具、艺术品等。平台规定复古商品需至少有20年历史，卖家可开设独立店铺，每件上架商品收取0.2美元挂牌费，2013年起平台也允许量产商品入驻销售。
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。
ETSY vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的2.0倍
$831.5M
营收增速更快
ETSY
高出16.6%
-9.0%
净利率更高
ETSY
高出8.9%
3.7%
自由现金流更多
ETSY
多$259.6M
$411.6M
两年增速更快
ETSY
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $831.5M | $1.7B |
| 净利润 | $104.7M | $61.7M |
| 毛利率 | 54.8% | 20.4% |
| 营业利润率 | — | 4.9% |
| 净利率 | 12.6% | 3.7% |
| 营收同比 | 7.6% | -9.0% |
| 净利润同比 | 46.4% | 1.8% |
| 每股收益（稀释后） | $0.89 | $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ETSYRUSHA
| Q1 26 | $831.5M | $1.7B | ||
| Q4 25 | $881.6M | $1.7B | ||
| Q3 25 | $678.0M | $1.8B | ||
| Q2 25 | $672.7M | $1.8B | ||
| Q1 25 | $651.2M | $1.8B | ||
| Q4 24 | $852.2M | $1.9B | ||
| Q3 24 | $662.4M | $1.8B | ||
| Q2 24 | $647.8M | $1.9B |
净利润ETSYRUSHA
| Q1 26 | $104.7M | $61.7M | ||
| Q4 25 | $110.7M | $64.3M | ||
| Q3 25 | $75.5M | $66.7M | ||
| Q2 25 | $28.8M | $72.4M | ||
| Q1 25 | $-52.1M | $60.3M | ||
| Q4 24 | $129.9M | $74.8M | ||
| Q3 24 | $57.4M | $79.1M | ||
| Q2 24 | $53.0M | $78.7M |
毛利率ETSYRUSHA
| Q1 26 | 54.8% | 20.4% | ||
| Q4 25 | 73.1% | 20.8% | ||
| Q3 25 | 71.3% | 21.0% | ||
| Q2 25 | 71.2% | 20.7% | ||
| Q1 25 | 70.5% | 20.3% | ||
| Q4 24 | 74.5% | 19.3% | ||
| Q3 24 | 72.0% | 21.0% | ||
| Q2 24 | 71.6% | 20.2% |
营业利润率ETSYRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 14.7% | 5.5% | ||
| Q3 25 | 12.2% | 5.6% | ||
| Q2 25 | 11.4% | 6.0% | ||
| Q1 25 | -3.4% | 5.2% | ||
| Q4 24 | 18.2% | 5.8% | ||
| Q3 24 | 13.1% | 6.7% | ||
| Q2 24 | 10.8% | 6.4% |
净利率ETSYRUSHA
| Q1 26 | 12.6% | 3.7% | ||
| Q4 25 | 12.6% | 3.8% | ||
| Q3 25 | 11.1% | 3.7% | ||
| Q2 25 | 4.3% | 3.9% | ||
| Q1 25 | -8.0% | 3.4% | ||
| Q4 24 | 15.2% | 3.9% | ||
| Q3 24 | 8.7% | 4.4% | ||
| Q2 24 | 8.2% | 4.1% |
每股收益（稀释后）ETSYRUSHA
| Q1 26 | $0.89 | $0.77 | ||
| Q4 25 | $1.00 | $0.81 | ||
| Q3 25 | $0.63 | $0.83 | ||
| Q2 25 | $0.25 | $0.90 | ||
| Q1 25 | $-0.49 | $0.73 | ||
| Q4 24 | $1.01 | $-95.13 | ||
| Q3 24 | $0.45 | $0.97 | ||
| Q2 24 | $0.41 | $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 | $1.4B | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | $2.7B | $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ETSYRUSHA
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $212.6M | ||
| Q3 25 | $1.2B | $242.0M | ||
| Q2 25 | $1.2B | $211.1M | ||
| Q1 25 | $649.2M | $228.7M | ||
| Q4 24 | $811.2M | $228.1M | ||
| Q3 24 | $818.9M | $185.1M | ||
| Q2 24 | $759.2M | $167.3M |
总债务ETSYRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $2.3B | $274.8M | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $408.4M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益ETSYRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $-1.1B | $2.2B | ||
| Q3 25 | $-1.1B | $2.2B | ||
| Q2 25 | $-1.1B | $2.2B | ||
| Q1 25 | $-910.3M | $2.2B | ||
| Q4 24 | $-758.9M | $2.1B | ||
| Q3 24 | $-624.3M | $2.1B | ||
| Q2 24 | $-635.0M | $2.0B |
总资产ETSYRUSHA
| Q1 26 | $2.7B | $4.5B | ||
| Q4 25 | $2.8B | $4.4B | ||
| Q3 25 | $2.7B | $4.6B | ||
| Q2 25 | $2.6B | $4.7B | ||
| Q1 25 | $2.1B | $4.7B | ||
| Q4 24 | $2.4B | $4.6B | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $2.4B | $4.5B |
负债/权益比ETSYRUSHA
| 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 | $725.0M | — |
| 自由现金流经营现金流 - 资本支出 | $671.2M | $411.6M |
| 自由现金流率自由现金流/营收 | 80.7% | 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 | 6.93× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $828.4M |
8季度趋势，按日历期对齐
经营现金流ETSYRUSHA
| Q1 26 | $725.0M | — | ||
| Q4 25 | $317.1M | $112.9M | ||
| Q3 25 | $219.0M | $367.8M | ||
| Q2 25 | $108.1M | $227.6M | ||
| Q1 25 | $49.2M | $153.5M | ||
| Q4 24 | $315.0M | $392.3M | ||
| Q3 24 | $217.4M | $111.7M | ||
| Q2 24 | $151.1M | $270.6M |
自由现金流ETSYRUSHA
| Q1 26 | $671.2M | $411.6M | ||
| Q4 25 | $315.9M | $31.9M | ||
| Q3 25 | $215.0M | $271.2M | ||
| Q2 25 | $101.3M | $113.8M | ||
| Q1 25 | $45.9M | $45.1M | ||
| Q4 24 | $310.9M | $263.5M | ||
| Q3 24 | $213.2M | $-20.0M | ||
| Q2 24 | $147.4M | $177.2M |
自由现金流率ETSYRUSHA
| Q1 26 | 80.7% | 24.4% | ||
| Q4 25 | 35.8% | 1.9% | ||
| Q3 25 | 31.7% | 15.2% | ||
| Q2 25 | 15.1% | 6.2% | ||
| Q1 25 | 7.1% | 2.6% | ||
| Q4 24 | 36.5% | 13.7% | ||
| Q3 24 | 32.2% | -1.1% | ||
| Q2 24 | 22.8% | 9.1% |
资本支出强度ETSYRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.1% | 4.8% | ||
| Q3 25 | 0.6% | 5.4% | ||
| Q2 25 | 1.0% | 6.2% | ||
| Q1 25 | 0.5% | 6.2% | ||
| Q4 24 | 0.5% | 6.7% | ||
| Q3 24 | 0.6% | 7.3% | ||
| Q2 24 | 0.6% | 4.8% |
现金转化率ETSYRUSHA
| Q1 26 | 6.93× | — | ||
| Q4 25 | 2.86× | 1.75× | ||
| Q3 25 | 2.90× | 5.51× | ||
| Q2 25 | 3.75× | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | 2.42× | 5.25× | ||
| Q3 24 | 3.79× | 1.41× | ||
| Q2 24 | 2.85× | 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
ETSY
暂无分部数据
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% |
