vs
高德纳（IT）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
高德纳的季度营收约是RUSH ENTERPRISES INC \TX\的1.0倍（$1.8B vs $1.7B），高德纳净利率更高（13.8% vs 3.7%，领先10.2%），高德纳同比增速更快（2.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $270.7M），过去两年高德纳的营收复合增速更高（9.1% vs -6.8%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
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。
IT vs RUSHA — 直观对比
营收规模更大
IT
是对方的1.0倍
$1.7B
营收增速更快
IT
高出11.2%
-9.0%
净利率更高
IT
高出10.2%
3.7%
自由现金流更多
RUSHA
多$140.8M
$270.7M
两年增速更快
IT
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $242.2M | $61.7M |
| 毛利率 | 67.8% | 20.4% |
| 营业利润率 | 19.1% | 4.9% |
| 净利率 | 13.8% | 3.7% |
| 营收同比 | 2.2% | -9.0% |
| 净利润同比 | -39.2% | 1.8% |
| 每股收益（稀释后） | $3.36 | $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ITRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.6B | $1.9B |
净利润ITRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $242.2M | $64.3M | ||
| Q3 25 | $35.4M | $66.7M | ||
| Q2 25 | $240.8M | $72.4M | ||
| Q1 25 | $210.9M | $60.3M | ||
| Q4 24 | $398.6M | $74.8M | ||
| Q3 24 | $415.0M | $79.1M | ||
| Q2 24 | $229.5M | $78.7M |
毛利率ITRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 67.8% | 20.8% | ||
| Q3 25 | 69.3% | 21.0% | ||
| Q2 25 | 68.6% | 20.7% | ||
| Q1 25 | 69.4% | 20.3% | ||
| Q4 24 | 66.8% | 19.3% | ||
| Q3 24 | 68.4% | 21.0% | ||
| Q2 24 | 68.6% | 20.2% |
营业利润率ITRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 19.1% | 5.5% | ||
| Q3 25 | 5.7% | 5.6% | ||
| Q2 25 | 19.4% | 6.0% | ||
| Q1 25 | 18.1% | 5.2% | ||
| Q4 24 | 18.5% | 5.8% | ||
| Q3 24 | 16.6% | 6.7% | ||
| Q2 24 | 20.0% | 6.4% |
净利率ITRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 13.8% | 3.8% | ||
| Q3 25 | 2.3% | 3.7% | ||
| Q2 25 | 14.3% | 3.9% | ||
| Q1 25 | 13.7% | 3.4% | ||
| Q4 24 | 23.2% | 3.9% | ||
| Q3 24 | 28.0% | 4.4% | ||
| Q2 24 | 14.4% | 4.1% |
每股收益（稀释后）ITRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $3.36 | $0.81 | ||
| Q3 25 | $0.47 | $0.83 | ||
| Q2 25 | $3.11 | $0.90 | ||
| Q1 25 | $2.71 | $0.73 | ||
| Q4 24 | $5.08 | $-95.13 | ||
| Q3 24 | $5.32 | $0.97 | ||
| Q2 24 | $2.93 | $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 | $1.7B | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $319.9M | $2.3B |
| 总资产 | $8.1B | $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ITRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $212.6M | ||
| Q3 25 | $1.4B | $242.0M | ||
| Q2 25 | $2.2B | $211.1M | ||
| Q1 25 | $2.1B | $228.7M | ||
| Q4 24 | $1.9B | $228.1M | ||
| Q3 24 | $1.8B | $185.1M | ||
| Q2 24 | $1.2B | $167.3M |
总债务ITRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ITRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $319.9M | $2.2B | ||
| Q3 25 | $556.6M | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $646.7M | $2.0B |
总资产ITRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $8.1B | $4.4B | ||
| Q3 25 | $7.2B | $4.6B | ||
| Q2 25 | $8.3B | $4.7B | ||
| Q1 25 | $8.5B | $4.7B | ||
| Q4 24 | $8.5B | $4.6B | ||
| Q3 24 | $7.8B | $4.6B | ||
| Q2 24 | $7.4B | $4.5B |
负债/权益比ITRUSHA
| 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 | $294.5M | — |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $411.6M |
| 自由现金流率自由现金流/营收 | 15.4% | 24.4% |
| 资本支出强度资本支出/营收 | 1.4% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.22× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $828.4M |
8季度趋势，按日历期对齐
经营现金流ITRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $294.5M | $112.9M | ||
| Q3 25 | $298.7M | $367.8M | ||
| Q2 25 | $383.6M | $227.6M | ||
| Q1 25 | $313.5M | $153.5M | ||
| Q4 24 | $335.4M | $392.3M | ||
| Q3 24 | $590.8M | $111.7M | ||
| Q2 24 | $370.0M | $270.6M |
自由现金流ITRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $270.7M | $31.9M | ||
| Q3 25 | $269.3M | $271.2M | ||
| Q2 25 | $347.3M | $113.8M | ||
| Q1 25 | $287.9M | $45.1M | ||
| Q4 24 | $311.4M | $263.5M | ||
| Q3 24 | $565.0M | $-20.0M | ||
| Q2 24 | $340.6M | $177.2M |
自由现金流率ITRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 15.4% | 1.9% | ||
| Q3 25 | 17.7% | 15.2% | ||
| Q2 25 | 20.6% | 6.2% | ||
| Q1 25 | 18.8% | 2.6% | ||
| Q4 24 | 18.2% | 13.7% | ||
| Q3 24 | 38.1% | -1.1% | ||
| Q2 24 | 21.4% | 9.1% |
资本支出强度ITRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 1.4% | 4.8% | ||
| Q3 25 | 1.9% | 5.4% | ||
| Q2 25 | 2.1% | 6.2% | ||
| Q1 25 | 1.7% | 6.2% | ||
| Q4 24 | 1.4% | 6.7% | ||
| Q3 24 | 1.7% | 7.3% | ||
| Q2 24 | 1.8% | 4.8% |
现金转化率ITRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 1.22× | 1.75× | ||
| Q3 25 | 8.45× | 5.51× | ||
| Q2 25 | 1.59× | 3.14× | ||
| Q1 25 | 1.49× | 2.55× | ||
| Q4 24 | 0.84× | 5.25× | ||
| Q3 24 | 1.42× | 1.41× | ||
| Q2 24 | 1.61× | 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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
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% |
