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亨斯迈（HUN）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\的季度营收约是亨斯迈的1.2倍（$1.7B vs $1.4B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -7.1%，领先10.7%），亨斯迈同比增速更快（-6.7% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $19.0M），过去两年亨斯迈的营收复合增速更高（-4.0% vs -6.8%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
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。
HUN vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.2倍
$1.4B
营收增速更快
HUN
高出2.3%
-9.0%
净利率更高
RUSHA
高出10.7%
-7.1%
自由现金流更多
RUSHA
多$392.6M
$19.0M
两年增速更快
HUN
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $-96.0M | $61.7M |
| 毛利率 | 12.1% | 20.4% |
| 营业利润率 | -4.4% | 4.9% |
| 净利率 | -7.1% | 3.7% |
| 营收同比 | -6.7% | -9.0% |
| 净利润同比 | 31.9% | 1.8% |
| 每股收益（稀释后） | $-0.56 | $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HUNRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.6B | $1.9B |
净利润HUNRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-96.0M | $64.3M | ||
| Q3 25 | $-25.0M | $66.7M | ||
| Q2 25 | $-158.0M | $72.4M | ||
| Q1 25 | $-5.0M | $60.3M | ||
| Q4 24 | $-141.0M | $74.8M | ||
| Q3 24 | $-33.0M | $79.1M | ||
| Q2 24 | $22.0M | $78.7M |
毛利率HUNRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 12.1% | 20.8% | ||
| Q3 25 | 14.0% | 21.0% | ||
| Q2 25 | 12.5% | 20.7% | ||
| Q1 25 | 14.3% | 20.3% | ||
| Q4 24 | 12.9% | 19.3% | ||
| Q3 24 | 15.2% | 21.0% | ||
| Q2 24 | 15.4% | 20.2% |
营业利润率HUNRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | -4.4% | 5.5% | ||
| Q3 25 | 0.4% | 5.6% | ||
| Q2 25 | -8.2% | 6.0% | ||
| Q1 25 | 3.0% | 5.2% | ||
| Q4 24 | -4.3% | 5.8% | ||
| Q3 24 | 2.7% | 6.7% | ||
| Q2 24 | 2.2% | 6.4% |
净利率HUNRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | -7.1% | 3.8% | ||
| Q3 25 | -1.7% | 3.7% | ||
| Q2 25 | -10.8% | 3.9% | ||
| Q1 25 | -0.4% | 3.4% | ||
| Q4 24 | -9.7% | 3.9% | ||
| Q3 24 | -2.1% | 4.4% | ||
| Q2 24 | 1.4% | 4.1% |
每股收益（稀释后）HUNRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.56 | $0.81 | ||
| Q3 25 | $-0.14 | $0.83 | ||
| Q2 25 | $-0.92 | $0.90 | ||
| Q1 25 | $-0.03 | $0.73 | ||
| Q4 24 | $-0.82 | $-95.13 | ||
| Q3 24 | $-0.19 | $0.97 | ||
| Q2 24 | $0.13 | $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 | $429.0M | — |
| 总债务越低越好 | $2.0B | $277.8M |
| 股东权益账面价值 | $2.8B | $2.3B |
| 总资产 | $7.0B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.73× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资HUNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $429.0M | $212.6M | ||
| Q3 25 | $468.0M | $242.0M | ||
| Q2 25 | $399.0M | $211.1M | ||
| Q1 25 | $334.0M | $228.7M | ||
| Q4 24 | $340.0M | $228.1M | ||
| Q3 24 | $330.0M | $185.1M | ||
| Q2 24 | $335.0M | $167.3M |
总债务HUNRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $2.0B | $274.8M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | $408.4M | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — |
股东权益HUNRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $2.8B | $2.2B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $3.0B | $2.2B | ||
| Q4 24 | $3.0B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.1B | $2.0B |
总资产HUNRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $7.0B | $4.4B | ||
| Q3 25 | $7.1B | $4.6B | ||
| Q2 25 | $7.1B | $4.7B | ||
| Q1 25 | $7.2B | $4.7B | ||
| Q4 24 | $7.1B | $4.6B | ||
| Q3 24 | $7.3B | $4.6B | ||
| Q2 24 | $7.3B | $4.5B |
负债/权益比HUNRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.73× | 0.12× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | 0.19× | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — |
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 | $76.0M | — |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 1.4% | 24.4% |
| 资本支出强度资本支出/营收 | 4.2% | 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 | $116.0M | $828.4M |
8季度趋势，按日历期对齐
经营现金流HUNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $76.0M | $112.9M | ||
| Q3 25 | $196.0M | $367.8M | ||
| Q2 25 | $91.0M | $227.6M | ||
| Q1 25 | $-74.0M | $153.5M | ||
| Q4 24 | $153.0M | $392.3M | ||
| Q3 24 | $129.0M | $111.7M | ||
| Q2 24 | $46.0M | $270.6M |
自由现金流HUNRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $19.0M | $31.9M | ||
| Q3 25 | $153.0M | $271.2M | ||
| Q2 25 | $54.0M | $113.8M | ||
| Q1 25 | $-110.0M | $45.1M | ||
| Q4 24 | $102.0M | $263.5M | ||
| Q3 24 | $88.0M | $-20.0M | ||
| Q2 24 | $-4.0M | $177.2M |
自由现金流率HUNRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 1.4% | 1.9% | ||
| Q3 25 | 10.5% | 15.2% | ||
| Q2 25 | 3.7% | 6.2% | ||
| Q1 25 | -7.8% | 2.6% | ||
| Q4 24 | 7.0% | 13.7% | ||
| Q3 24 | 5.7% | -1.1% | ||
| Q2 24 | -0.3% | 9.1% |
资本支出强度HUNRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 4.2% | 4.8% | ||
| Q3 25 | 2.9% | 5.4% | ||
| Q2 25 | 2.5% | 6.2% | ||
| Q1 25 | 2.6% | 6.2% | ||
| Q4 24 | 3.5% | 6.7% | ||
| Q3 24 | 2.7% | 7.3% | ||
| Q2 24 | 3.2% | 4.8% |
现金转化率HUNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 2.09× | 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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 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% |
