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KAISER ALUMINUM CORP（KALU）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KAISER ALUMINUM CORP的1.8倍（$1.7B vs $929.0M），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs 3.0%，领先0.6%），KAISER ALUMINUM CORP同比增速更快（21.4% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-51.1M），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% vs -6.8%）
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
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。
KALU vs RUSHA — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $929.0M | $1.7B |
| 净利润 | $28.2M | $61.7M |
| 毛利率 | 13.3% | 20.4% |
| 营业利润率 | 6.5% | 4.9% |
| 净利率 | 3.0% | 3.7% |
| 营收同比 | 21.4% | -9.0% |
| 净利润同比 | 42.4% | 1.8% |
| 每股收益（稀释后） | $1.67 | $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
| Q1 26 | — | $1.7B | ||
| Q4 25 | $929.0M | $1.7B | ||
| Q3 25 | $843.5M | $1.8B | ||
| Q2 25 | $823.1M | $1.8B | ||
| Q1 25 | $777.4M | $1.8B | ||
| Q4 24 | $765.4M | $1.9B | ||
| Q3 24 | $747.7M | $1.8B | ||
| Q2 24 | $773.4M | $1.9B |
| Q1 26 | — | $61.7M | ||
| Q4 25 | $28.2M | $64.3M | ||
| Q3 25 | $39.5M | $66.7M | ||
| Q2 25 | $23.2M | $72.4M | ||
| Q1 25 | $21.6M | $60.3M | ||
| Q4 24 | $19.8M | $74.8M | ||
| Q3 24 | $8.8M | $79.1M | ||
| Q2 24 | $18.9M | $78.7M |
| Q1 26 | — | 20.4% | ||
| Q4 25 | 13.3% | 20.8% | ||
| Q3 25 | 13.6% | 21.0% | ||
| Q2 25 | 12.2% | 20.7% | ||
| Q1 25 | 13.4% | 20.3% | ||
| Q4 24 | 12.5% | 19.3% | ||
| Q3 24 | 9.6% | 21.0% | ||
| Q2 24 | 13.4% | 20.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 6.5% | 5.5% | ||
| Q3 25 | 5.8% | 5.6% | ||
| Q2 25 | 4.6% | 6.0% | ||
| Q1 25 | 5.3% | 5.2% | ||
| Q4 24 | 5.0% | 5.8% | ||
| Q3 24 | 1.8% | 6.7% | ||
| Q2 24 | 4.7% | 6.4% |
| Q1 26 | — | 3.7% | ||
| Q4 25 | 3.0% | 3.8% | ||
| Q3 25 | 4.7% | 3.7% | ||
| Q2 25 | 2.8% | 3.9% | ||
| Q1 25 | 2.8% | 3.4% | ||
| Q4 24 | 2.6% | 3.9% | ||
| Q3 24 | 1.2% | 4.4% | ||
| Q2 24 | 2.4% | 4.1% |
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.67 | $0.81 | ||
| Q3 25 | $2.38 | $0.83 | ||
| Q2 25 | $1.41 | $0.90 | ||
| Q1 25 | $1.31 | $0.73 | ||
| Q4 24 | $1.21 | $-95.13 | ||
| Q3 24 | $0.54 | $0.97 | ||
| Q2 24 | $1.15 | $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 | $7.0M | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $826.1M | $2.3B |
| 总资产 | $2.6B | $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
| Q1 26 | — | — | ||
| Q4 25 | $7.0M | $212.6M | ||
| Q3 25 | $17.2M | $242.0M | ||
| Q2 25 | $13.1M | $211.1M | ||
| Q1 25 | $21.3M | $228.7M | ||
| Q4 24 | $18.4M | $228.1M | ||
| Q3 24 | $45.7M | $185.1M | ||
| Q2 24 | $70.4M | $167.3M |
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $826.1M | $2.2B | ||
| Q3 25 | $806.1M | $2.2B | ||
| Q2 25 | $776.0M | $2.2B | ||
| Q1 25 | $756.8M | $2.2B | ||
| Q4 24 | $743.1M | $2.1B | ||
| Q3 24 | $729.4M | $2.1B | ||
| Q2 24 | $727.6M | $2.0B |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $2.6B | $4.4B | ||
| Q3 25 | $2.6B | $4.6B | ||
| Q2 25 | $2.5B | $4.7B | ||
| Q1 25 | $2.4B | $4.7B | ||
| Q4 24 | $2.4B | $4.6B | ||
| Q3 24 | $2.3B | $4.6B | ||
| Q2 24 | $2.3B | $4.5B |
| 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 | $-20.6M | — |
| 自由现金流经营现金流 - 资本支出 | $-51.1M | $411.6M |
| 自由现金流率自由现金流/营收 | -5.5% | 24.4% |
| 资本支出强度资本支出/营收 | 3.3% | 2.0% |
| 现金转化率经营现金流/净利润 | -0.73× | — |
| 过去12个月自由现金流最近4个季度 | $-25.5M | $828.4M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $-20.6M | $112.9M | ||
| Q3 25 | $59.1M | $367.8M | ||
| Q2 25 | $15.9M | $227.6M | ||
| Q1 25 | $57.0M | $153.5M | ||
| Q4 24 | $43.4M | $392.3M | ||
| Q3 24 | $34.1M | $111.7M | ||
| Q2 24 | $26.3M | $270.6M |
| Q1 26 | — | $411.6M | ||
| Q4 25 | $-51.1M | $31.9M | ||
| Q3 25 | $34.5M | $271.2M | ||
| Q2 25 | $-27.7M | $113.8M | ||
| Q1 25 | $18.8M | $45.1M | ||
| Q4 24 | $-12.6M | $263.5M | ||
| Q3 24 | $-17.0M | $-20.0M | ||
| Q2 24 | $-17.4M | $177.2M |
| Q1 26 | — | 24.4% | ||
| Q4 25 | -5.5% | 1.9% | ||
| Q3 25 | 4.1% | 15.2% | ||
| Q2 25 | -3.4% | 6.2% | ||
| Q1 25 | 2.4% | 2.6% | ||
| Q4 24 | -1.6% | 13.7% | ||
| Q3 24 | -2.3% | -1.1% | ||
| Q2 24 | -2.2% | 9.1% |
| Q1 26 | — | 2.0% | ||
| Q4 25 | 3.3% | 4.8% | ||
| Q3 25 | 2.9% | 5.4% | ||
| Q2 25 | 5.3% | 6.2% | ||
| Q1 25 | 4.9% | 6.2% | ||
| Q4 24 | 7.3% | 6.7% | ||
| Q3 24 | 6.8% | 7.3% | ||
| Q2 24 | 5.7% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | -0.73× | 1.75× | ||
| Q3 25 | 1.50× | 5.51× | ||
| Q2 25 | 0.69× | 3.14× | ||
| Q1 25 | 2.64× | 2.55× | ||
| Q4 24 | 2.19× | 5.25× | ||
| Q3 24 | 3.88× | 1.41× | ||
| Q2 24 | 1.39× | 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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
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% |
