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COMFORT SYSTEMS USA INC（FIX）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
COMFORT SYSTEMS USA INC的季度营收约是RUSH ENTERPRISES INC \TX\的1.6倍（$2.6B vs $1.7B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 3.7%，领先8.8%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $402.4M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs -6.8%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
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。
FIX vs RUSHA — 直观对比
营收规模更大
FIX
是对方的1.6倍
$1.7B
营收增速更快
FIX
高出50.7%
-9.0%
净利率更高
FIX
高出8.8%
3.7%
自由现金流更多
RUSHA
多$9.1M
$402.4M
两年增速更快
FIX
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.7B |
| 净利润 | $330.8M | $61.7M |
| 毛利率 | 25.5% | 20.4% |
| 营业利润率 | 16.1% | 4.9% |
| 净利率 | 12.5% | 3.7% |
| 营收同比 | 41.7% | -9.0% |
| 净利润同比 | 126.8% | 1.8% |
| 每股收益（稀释后） | $9.35 | $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FIXRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.9B | $1.9B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.9B |
净利润FIXRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $330.8M | $64.3M | ||
| Q3 25 | $291.6M | $66.7M | ||
| Q2 25 | $230.8M | $72.4M | ||
| Q1 25 | $169.3M | $60.3M | ||
| Q4 24 | $145.9M | $74.8M | ||
| Q3 24 | $146.2M | $79.1M | ||
| Q2 24 | $134.0M | $78.7M |
毛利率FIXRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 25.5% | 20.8% | ||
| Q3 25 | 24.8% | 21.0% | ||
| Q2 25 | 23.5% | 20.7% | ||
| Q1 25 | 22.0% | 20.3% | ||
| Q4 24 | 23.2% | 19.3% | ||
| Q3 24 | 21.1% | 21.0% | ||
| Q2 24 | 20.1% | 20.2% |
营业利润率FIXRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 16.1% | 5.5% | ||
| Q3 25 | 15.5% | 5.6% | ||
| Q2 25 | 13.8% | 6.0% | ||
| Q1 25 | 11.4% | 5.2% | ||
| Q4 24 | 12.1% | 5.8% | ||
| Q3 24 | 11.2% | 6.7% | ||
| Q2 24 | 10.2% | 6.4% |
净利率FIXRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 12.5% | 3.8% | ||
| Q3 25 | 11.9% | 3.7% | ||
| Q2 25 | 10.6% | 3.9% | ||
| Q1 25 | 9.2% | 3.4% | ||
| Q4 24 | 7.8% | 3.9% | ||
| Q3 24 | 8.1% | 4.4% | ||
| Q2 24 | 7.4% | 4.1% |
每股收益（稀释后）FIXRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $9.35 | $0.81 | ||
| Q3 25 | $8.25 | $0.83 | ||
| Q2 25 | $6.53 | $0.90 | ||
| Q1 25 | $4.75 | $0.73 | ||
| Q4 24 | $4.08 | $-95.13 | ||
| Q3 24 | $4.09 | $0.97 | ||
| Q2 24 | $3.74 | $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 | $981.9M | — |
| 总债务越低越好 | $145.2M | $277.8M |
| 股东权益账面价值 | $2.4B | $2.3B |
| 总资产 | $6.4B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资FIXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $981.9M | $212.6M | ||
| Q3 25 | $860.5M | $242.0M | ||
| Q2 25 | $331.7M | $211.1M | ||
| Q1 25 | $204.8M | $228.7M | ||
| Q4 24 | $549.9M | $228.1M | ||
| Q3 24 | $415.6M | $185.1M | ||
| Q2 24 | $199.4M | $167.3M |
总债务FIXRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $145.2M | $274.8M | ||
| Q3 25 | $136.0M | — | ||
| Q2 25 | $73.0M | — | ||
| Q1 25 | $67.8M | — | ||
| Q4 24 | $68.3M | $408.4M | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $73.4M | — |
股东权益FIXRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.4B | $2.2B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.5B | $2.0B |
总资产FIXRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $6.4B | $4.4B | ||
| Q3 25 | $5.8B | $4.6B | ||
| Q2 25 | $5.1B | $4.7B | ||
| Q1 25 | $4.6B | $4.7B | ||
| Q4 24 | $4.7B | $4.6B | ||
| Q3 24 | $4.4B | $4.6B | ||
| Q2 24 | $4.2B | $4.5B |
负债/权益比FIXRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.06× | 0.12× | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 0.19× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.05× | — |
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 | $468.5M | — |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $411.6M |
| 自由现金流率自由现金流/营收 | 15.2% | 24.4% |
| 资本支出强度资本支出/营收 | 2.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $828.4M |
8季度趋势，按日历期对齐
经营现金流FIXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $468.5M | $112.9M | ||
| Q3 25 | $553.3M | $367.8M | ||
| Q2 25 | $252.5M | $227.6M | ||
| Q1 25 | $-88.0M | $153.5M | ||
| Q4 24 | $210.5M | $392.3M | ||
| Q3 24 | $302.2M | $111.7M | ||
| Q2 24 | $189.9M | $270.6M |
自由现金流FIXRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $402.4M | $31.9M | ||
| Q3 25 | $517.9M | $271.2M | ||
| Q2 25 | $221.2M | $113.8M | ||
| Q1 25 | $-110.2M | $45.1M | ||
| Q4 24 | $169.8M | $263.5M | ||
| Q3 24 | $280.1M | $-20.0M | ||
| Q2 24 | $166.5M | $177.2M |
自由现金流率FIXRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 15.2% | 1.9% | ||
| Q3 25 | 21.1% | 15.2% | ||
| Q2 25 | 10.2% | 6.2% | ||
| Q1 25 | -6.0% | 2.6% | ||
| Q4 24 | 9.1% | 13.7% | ||
| Q3 24 | 15.5% | -1.1% | ||
| Q2 24 | 9.2% | 9.1% |
资本支出强度FIXRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 2.5% | 4.8% | ||
| Q3 25 | 1.4% | 5.4% | ||
| Q2 25 | 1.4% | 6.2% | ||
| Q1 25 | 1.2% | 6.2% | ||
| Q4 24 | 2.2% | 6.7% | ||
| Q3 24 | 1.2% | 7.3% | ||
| Q2 24 | 1.3% | 4.8% |
现金转化率FIXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 1.75× | ||
| Q3 25 | 1.90× | 5.51× | ||
| Q2 25 | 1.09× | 3.14× | ||
| Q1 25 | -0.52× | 2.55× | ||
| Q4 24 | 1.44× | 5.25× | ||
| Q3 24 | 2.07× | 1.41× | ||
| Q2 24 | 1.42× | 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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 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% |
