vs
骏利亨德森集团（JHG）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\的季度营收约是骏利亨德森集团的1.5倍（$1.7B vs $1.1B），骏利亨德森集团净利率更高（35.3% vs 3.7%，领先31.6%），骏利亨德森集团同比增速更快（61.3% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $320.4M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs -6.8%）
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
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。
JHG vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.5倍
$1.1B
营收增速更快
JHG
高出70.3%
-9.0%
净利率更高
JHG
高出31.6%
3.7%
自由现金流更多
RUSHA
多$91.2M
$320.4M
两年增速更快
JHG
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $403.2M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 42.7% | 4.9% |
| 净利率 | 35.3% | 3.7% |
| 营收同比 | 61.3% | -9.0% |
| 净利润同比 | 231.0% | 1.8% |
| 每股收益（稀释后） | $2.59 | $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JHGRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $700.4M | $1.8B | ||
| Q2 25 | $633.2M | $1.8B | ||
| Q1 25 | $621.4M | $1.8B | ||
| Q4 24 | $708.3M | $1.9B | ||
| Q3 24 | $624.8M | $1.8B | ||
| Q2 24 | $588.4M | $1.9B |
净利润JHGRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $403.2M | $64.3M | ||
| Q3 25 | $142.1M | $66.7M | ||
| Q2 25 | $149.9M | $72.4M | ||
| Q1 25 | $120.7M | $60.3M | ||
| Q4 24 | $121.8M | $74.8M | ||
| Q3 24 | $27.3M | $79.1M | ||
| Q2 24 | $129.7M | $78.7M |
毛利率JHGRUSHA
| 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JHGRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 42.7% | 5.5% | ||
| Q3 25 | 24.6% | 5.6% | ||
| Q2 25 | 25.9% | 6.0% | ||
| Q1 25 | 24.7% | 5.2% | ||
| Q4 24 | 27.9% | 5.8% | ||
| Q3 24 | 26.4% | 6.7% | ||
| Q2 24 | 27.9% | 6.4% |
净利率JHGRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 35.3% | 3.8% | ||
| Q3 25 | 20.3% | 3.7% | ||
| Q2 25 | 23.7% | 3.9% | ||
| Q1 25 | 19.4% | 3.4% | ||
| Q4 24 | 17.2% | 3.9% | ||
| Q3 24 | 4.4% | 4.4% | ||
| Q2 24 | 22.0% | 4.1% |
每股收益（稀释后）JHGRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $2.59 | $0.81 | ||
| Q3 25 | $0.92 | $0.83 | ||
| Q2 25 | $0.95 | $0.90 | ||
| Q1 25 | $0.77 | $0.73 | ||
| Q4 24 | $0.77 | $-95.13 | ||
| Q3 24 | $0.17 | $0.97 | ||
| Q2 24 | $0.81 | $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 | $1.6B | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $5.1B | $2.3B |
| 总资产 | $8.3B | $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JHGRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $212.6M | ||
| Q3 25 | $1.4B | $242.0M | ||
| Q2 25 | $1.3B | $211.1M | ||
| Q1 25 | $1.4B | $228.7M | ||
| Q4 24 | $1.6B | $228.1M | ||
| Q3 24 | $1.8B | $185.1M | ||
| Q2 24 | $1.3B | $167.3M |
总债务JHGRUSHA
| 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JHGRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $4.8B | $2.2B | ||
| Q2 25 | $4.8B | $2.2B | ||
| Q1 25 | $4.7B | $2.2B | ||
| Q4 24 | $4.6B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $2.0B |
总资产JHGRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $8.3B | $4.4B | ||
| Q3 25 | $7.6B | $4.6B | ||
| Q2 25 | $7.5B | $4.7B | ||
| Q1 25 | $7.1B | $4.7B | ||
| Q4 24 | $7.0B | $4.6B | ||
| Q3 24 | $7.3B | $4.6B | ||
| Q2 24 | $6.4B | $4.5B |
负债/权益比JHGRUSHA
| 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 | $322.7M | — |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $411.6M |
| 自由现金流率自由现金流/营收 | 28.0% | 24.4% |
| 资本支出强度资本支出/营收 | 0.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.80× | — |
| 过去12个月自由现金流最近4个季度 | $710.9M | $828.4M |
8季度趋势，按日历期对齐
经营现金流JHGRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $322.7M | $112.9M | ||
| Q3 25 | $258.8M | $367.8M | ||
| Q2 25 | $135.2M | $227.6M | ||
| Q1 25 | $2.8M | $153.5M | ||
| Q4 24 | $247.3M | $392.3M | ||
| Q3 24 | $228.5M | $111.7M | ||
| Q2 24 | $223.8M | $270.6M |
自由现金流JHGRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $320.4M | $31.9M | ||
| Q3 25 | $256.4M | $271.2M | ||
| Q2 25 | $133.2M | $113.8M | ||
| Q1 25 | $900.0K | $45.1M | ||
| Q4 24 | $243.5M | $263.5M | ||
| Q3 24 | $225.9M | $-20.0M | ||
| Q2 24 | $221.9M | $177.2M |
自由现金流率JHGRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 28.0% | 1.9% | ||
| Q3 25 | 36.6% | 15.2% | ||
| Q2 25 | 21.0% | 6.2% | ||
| Q1 25 | 0.1% | 2.6% | ||
| Q4 24 | 34.4% | 13.7% | ||
| Q3 24 | 36.2% | -1.1% | ||
| Q2 24 | 37.7% | 9.1% |
资本支出强度JHGRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.2% | 4.8% | ||
| Q3 25 | 0.3% | 5.4% | ||
| Q2 25 | 0.3% | 6.2% | ||
| Q1 25 | 0.3% | 6.2% | ||
| Q4 24 | 0.5% | 6.7% | ||
| Q3 24 | 0.4% | 7.3% | ||
| Q2 24 | 0.3% | 4.8% |
现金转化率JHGRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.75× | ||
| Q3 25 | 1.82× | 5.51× | ||
| Q2 25 | 0.90× | 3.14× | ||
| Q1 25 | 0.02× | 2.55× | ||
| Q4 24 | 2.03× | 5.25× | ||
| Q3 24 | 8.37× | 1.41× | ||
| Q2 24 | 1.73× | 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
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
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% |
