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Global Payments（GPN）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Global Payments的1.3倍（$1.7B vs $1.3B），Global Payments净利率更高（16.4% vs 3.7%，领先12.7%），RUSH ENTERPRISES INC \TX\同比增速更快（-9.0% vs -47.1%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $347.0M），过去两年RUSH ENTERPRISES INC \TX\的营收复合增速更高（-6.8% vs -25.9%）
Global Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
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。
GPN vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.3倍
$1.3B
营收增速更快
RUSHA
高出38.1%
-47.1%
净利率更高
GPN
高出12.7%
3.7%
自由现金流更多
RUSHA
多$64.6M
$347.0M
两年增速更快
RUSHA
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $217.5M | $61.7M |
| 毛利率 | 89.7% | 20.4% |
| 营业利润率 | 5.9% | 4.9% |
| 净利率 | 16.4% | 3.7% |
| 营收同比 | -47.1% | -9.0% |
| 净利润同比 | -61.6% | 1.8% |
| 每股收益（稀释后） | $0.91 | $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GPNRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.5B | $1.9B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.6B | $1.9B |
净利润GPNRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $217.5M | $64.3M | ||
| Q3 25 | $635.2M | $66.7M | ||
| Q2 25 | $241.6M | $72.4M | ||
| Q1 25 | $305.7M | $60.3M | ||
| Q4 24 | $567.2M | $74.8M | ||
| Q3 24 | $315.1M | $79.1M | ||
| Q2 24 | $374.8M | $78.7M |
毛利率GPNRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 89.7% | 20.8% | ||
| Q3 25 | 72.3% | 21.0% | ||
| Q2 25 | 74.5% | 20.7% | ||
| Q1 25 | 61.8% | 20.3% | ||
| Q4 24 | 62.1% | 19.3% | ||
| Q3 24 | 63.6% | 21.0% | ||
| Q2 24 | 63.5% | 20.2% |
营业利润率GPNRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 5.9% | 5.5% | ||
| Q3 25 | 38.8% | 5.6% | ||
| Q2 25 | 21.8% | 6.0% | ||
| Q1 25 | 19.5% | 5.2% | ||
| Q4 24 | 33.1% | 5.8% | ||
| Q3 24 | 18.3% | 6.7% | ||
| Q2 24 | 22.3% | 6.4% |
净利率GPNRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 16.4% | 3.8% | ||
| Q3 25 | 31.6% | 3.7% | ||
| Q2 25 | 12.3% | 3.9% | ||
| Q1 25 | 12.7% | 3.4% | ||
| Q4 24 | 22.5% | 3.9% | ||
| Q3 24 | 12.1% | 4.4% | ||
| Q2 24 | 14.6% | 4.1% |
每股收益（稀释后）GPNRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.91 | $0.81 | ||
| Q3 25 | $2.64 | $0.83 | ||
| Q2 25 | $0.99 | $0.90 | ||
| Q1 25 | $1.24 | $0.73 | ||
| Q4 24 | $2.23 | $-95.13 | ||
| Q3 24 | $1.24 | $0.97 | ||
| Q2 24 | $1.47 | $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 | $8.3B | — |
| 总债务越低越好 | $19.5B | $277.8M |
| 股东权益账面价值 | $22.9B | $2.3B |
| 总资产 | $53.3B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资GPNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $8.3B | $212.6M | ||
| Q3 25 | $2.6B | $242.0M | ||
| Q2 25 | $2.6B | $211.1M | ||
| Q1 25 | $2.9B | $228.7M | ||
| Q4 24 | $2.5B | $228.1M | ||
| Q3 24 | $2.9B | $185.1M | ||
| Q2 24 | $2.1B | $167.3M |
总债务GPNRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $19.5B | $274.8M | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $14.2B | — | ||
| Q1 25 | $15.0B | — | ||
| Q4 24 | $15.2B | $408.4M | ||
| Q3 24 | $15.2B | — | ||
| Q2 24 | $15.6B | — |
股东权益GPNRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $22.9B | $2.2B | ||
| Q3 25 | $22.7B | $2.2B | ||
| Q2 25 | $22.6B | $2.2B | ||
| Q1 25 | $22.2B | $2.2B | ||
| Q4 24 | $22.3B | $2.1B | ||
| Q3 24 | $22.8B | $2.1B | ||
| Q2 24 | $22.4B | $2.0B |
总资产GPNRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $53.3B | $4.4B | ||
| Q3 25 | $48.0B | $4.6B | ||
| Q2 25 | $48.5B | $4.7B | ||
| Q1 25 | $47.6B | $4.7B | ||
| Q4 24 | $46.9B | $4.6B | ||
| Q3 24 | $50.0B | $4.6B | ||
| Q2 24 | $50.8B | $4.5B |
负债/权益比GPNRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.85× | 0.12× | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 0.68× | 0.19× | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.70× | — |
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 | $515.2M | — |
| 自由现金流经营现金流 - 资本支出 | $347.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 26.1% | 24.4% |
| 资本支出强度资本支出/营收 | 12.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.37× | — |
| 过去12个月自由现金流最近4个季度 | $2.0B | $828.4M |
8季度趋势，按日历期对齐
经营现金流GPNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $515.2M | $112.9M | ||
| Q3 25 | $768.7M | $367.8M | ||
| Q2 25 | $817.5M | $227.6M | ||
| Q1 25 | $555.1M | $153.5M | ||
| Q4 24 | $653.4M | $392.3M | ||
| Q3 24 | $1.7B | $111.7M | ||
| Q2 24 | $736.9M | $270.6M |
自由现金流GPNRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $347.0M | $31.9M | ||
| Q3 25 | $598.9M | $271.2M | ||
| Q2 25 | $665.4M | $113.8M | ||
| Q1 25 | $427.5M | $45.1M | ||
| Q4 24 | $469.4M | $263.5M | ||
| Q3 24 | $1.6B | $-20.0M | ||
| Q2 24 | $557.7M | $177.2M |
自由现金流率GPNRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 26.1% | 1.9% | ||
| Q3 25 | 29.8% | 15.2% | ||
| Q2 25 | 34.0% | 6.2% | ||
| Q1 25 | 17.7% | 2.6% | ||
| Q4 24 | 18.7% | 13.7% | ||
| Q3 24 | 60.0% | -1.1% | ||
| Q2 24 | 21.7% | 9.1% |
资本支出强度GPNRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 12.7% | 4.8% | ||
| Q3 25 | 8.5% | 5.4% | ||
| Q2 25 | 7.8% | 6.2% | ||
| Q1 25 | 5.3% | 6.2% | ||
| Q4 24 | 7.3% | 6.7% | ||
| Q3 24 | 6.4% | 7.3% | ||
| Q2 24 | 7.0% | 4.8% |
现金转化率GPNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.37× | 1.75× | ||
| Q3 25 | 1.21× | 5.51× | ||
| Q2 25 | 3.38× | 3.14× | ||
| Q1 25 | 1.82× | 2.55× | ||
| Q4 24 | 1.15× | 5.25× | ||
| Q3 24 | 5.48× | 1.41× | ||
| Q2 24 | 1.97× | 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
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
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% |
