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Expand Energy（EXE）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
Expand Energy的季度营收约是RUSH ENTERPRISES INC \TX\的1.9倍（$3.3B vs $1.7B），Expand Energy净利率更高（16.9% vs 3.7%，领先13.2%），Expand Energy同比增速更快（63.5% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $215.0M），过去两年Expand Energy的营收复合增速更高（29.6% vs -6.8%）
Expand Energy是按净日产量统计的美国最大独立天然气生产商，总部位于俄克拉荷马城，运营范围覆盖宾夕法尼亚州、西弗吉尼亚州境内马塞勒斯地层的阿巴拉契亚盆地，以及路易斯安那州西北部的海恩斯维尔页岩区块。
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。
EXE vs RUSHA — 直观对比
营收规模更大
EXE
是对方的1.9倍
$1.7B
营收增速更快
EXE
高出72.5%
-9.0%
净利率更高
EXE
高出13.2%
3.7%
自由现金流更多
RUSHA
多$196.6M
$215.0M
两年增速更快
EXE
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.7B |
| 净利润 | $553.0M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 22.8% | 4.9% |
| 净利率 | 16.9% | 3.7% |
| 营收同比 | 63.5% | -9.0% |
| 净利润同比 | 238.6% | 1.8% |
| 每股收益（稀释后） | $2.33 | $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EXERUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $3.3B | $1.7B | ||
| Q3 25 | $3.0B | $1.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $2.2B | $1.8B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $648.0M | $1.8B | ||
| Q2 24 | — | $1.9B |
净利润EXERUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $553.0M | $64.3M | ||
| Q3 25 | $547.0M | $66.7M | ||
| Q2 25 | $968.0M | $72.4M | ||
| Q1 25 | $-249.0M | $60.3M | ||
| Q4 24 | $-399.0M | $74.8M | ||
| Q3 24 | $-114.0M | $79.1M | ||
| Q2 24 | — | $78.7M |
毛利率EXERUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 20.2% |
营业利润率EXERUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 22.8% | 5.5% | ||
| Q3 25 | 24.4% | 5.6% | ||
| Q2 25 | 34.4% | 6.0% | ||
| Q1 25 | -12.2% | 5.2% | ||
| Q4 24 | -19.3% | 5.8% | ||
| Q3 24 | -23.9% | 6.7% | ||
| Q2 24 | — | 6.4% |
净利率EXERUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 16.9% | 3.8% | ||
| Q3 25 | 18.4% | 3.7% | ||
| Q2 25 | 26.2% | 3.9% | ||
| Q1 25 | -11.3% | 3.4% | ||
| Q4 24 | -19.9% | 3.9% | ||
| Q3 24 | -17.6% | 4.4% | ||
| Q2 24 | — | 4.1% |
每股收益（稀释后）EXERUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $2.33 | $0.81 | ||
| Q3 25 | $2.28 | $0.83 | ||
| Q2 25 | $4.02 | $0.90 | ||
| Q1 25 | $-1.06 | $0.73 | ||
| Q4 24 | $-2.15 | $-95.13 | ||
| Q3 24 | $-0.85 | $0.97 | ||
| Q2 24 | — | $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 | $616.0M | — |
| 总债务越低越好 | $5.0B | $277.8M |
| 股东权益账面价值 | $18.6B | $2.3B |
| 总资产 | $28.3B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资EXERUSHA
| Q1 26 | — | — | ||
| Q4 25 | $616.0M | $212.6M | ||
| Q3 25 | $613.0M | $242.0M | ||
| Q2 25 | $731.0M | $211.1M | ||
| Q1 25 | $349.0M | $228.7M | ||
| Q4 24 | $317.0M | $228.1M | ||
| Q3 24 | $1.0B | $185.1M | ||
| Q2 24 | — | $167.3M |
总债务EXERUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $5.0B | $274.8M | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.7B | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EXERUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $18.6B | $2.2B | ||
| Q3 25 | $18.1B | $2.2B | ||
| Q2 25 | $17.9B | $2.2B | ||
| Q1 25 | $17.2B | $2.2B | ||
| Q4 24 | $17.6B | $2.1B | ||
| Q3 24 | $10.2B | $2.1B | ||
| Q2 24 | — | $2.0B |
总资产EXERUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $28.3B | $4.4B | ||
| Q3 25 | $27.6B | $4.6B | ||
| Q2 25 | $27.8B | $4.7B | ||
| Q1 25 | $27.9B | $4.7B | ||
| Q4 24 | $27.9B | $4.6B | ||
| Q3 24 | $13.4B | $4.6B | ||
| Q2 24 | — | $4.5B |
负债/权益比EXERUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.27× | 0.12× | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.32× | 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 | $956.0M | — |
| 自由现金流经营现金流 - 资本支出 | $215.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 6.6% | 24.4% |
| 资本支出强度资本支出/营收 | 22.6% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.73× | — |
| 过去12个月自由现金流最近4个季度 | $1.8B | $828.4M |
8季度趋势，按日历期对齐
经营现金流EXERUSHA
| Q1 26 | — | — | ||
| Q4 25 | $956.0M | $112.9M | ||
| Q3 25 | $1.2B | $367.8M | ||
| Q2 25 | $1.3B | $227.6M | ||
| Q1 25 | $1.1B | $153.5M | ||
| Q4 24 | $382.0M | $392.3M | ||
| Q3 24 | $422.0M | $111.7M | ||
| Q2 24 | — | $270.6M |
自由现金流EXERUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $215.0M | $31.9M | ||
| Q3 25 | $426.0M | $271.2M | ||
| Q2 25 | $665.0M | $113.8M | ||
| Q1 25 | $533.0M | $45.1M | ||
| Q4 24 | $-154.0M | $263.5M | ||
| Q3 24 | $124.0M | $-20.0M | ||
| Q2 24 | — | $177.2M |
自由现金流率EXERUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 6.6% | 1.9% | ||
| Q3 25 | 14.4% | 15.2% | ||
| Q2 25 | 18.0% | 6.2% | ||
| Q1 25 | 24.3% | 2.6% | ||
| Q4 24 | -7.7% | 13.7% | ||
| Q3 24 | 19.1% | -1.1% | ||
| Q2 24 | — | 9.1% |
资本支出强度EXERUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 22.6% | 4.8% | ||
| Q3 25 | 26.1% | 5.4% | ||
| Q2 25 | 17.8% | 6.2% | ||
| Q1 25 | 25.6% | 6.2% | ||
| Q4 24 | 26.8% | 6.7% | ||
| Q3 24 | 46.0% | 7.3% | ||
| Q2 24 | — | 4.8% |
现金转化率EXERUSHA
| Q1 26 | — | — | ||
| Q4 25 | 1.73× | 1.75× | ||
| Q3 25 | 2.20× | 5.51× | ||
| Q2 25 | 1.37× | 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
EXE
| Oil And Gas | $2.3B | 70% |
| Natural Gas Marketing Sales | $734.0M | 22% |
| Natural Gas Liquids Sales | $174.0M | 5% |
| Natural Gas Liquids Marketing Sales | $34.0M | 1% |
| Oil Marketing Sales | $31.0M | 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% |
