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KB HOME（KBH）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
KB HOME的季度营收约是RUSH ENTERPRISES INC \TX\的1.0倍（$1.7B vs $1.7B），KB HOME净利率更高（6.0% vs 3.7%，领先2.3%），RUSH ENTERPRISES INC \TX\同比增速更快（-9.0% vs -15.3%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $290.1M），过去两年KB HOME的营收复合增速更高（7.4% vs -6.8%）
KB Home是美国知名住宅建造企业，1957年于密歇根州底特律成立，前身为Kaufman & Broad，是首家在纽约证券交易所上市的住宅建造商，总部现位于加利福尼亚州洛杉矶。
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。
KBH vs RUSHA — 直观对比
营收规模更大
KBH
是对方的1.0倍
$1.7B
营收增速更快
RUSHA
高出6.3%
-15.3%
净利率更高
KBH
高出2.3%
3.7%
自由现金流更多
RUSHA
多$121.5M
$290.1M
两年增速更快
KBH
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $101.5M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | — | 4.9% |
| 净利率 | 6.0% | 3.7% |
| 营收同比 | -15.3% | -9.0% |
| 净利润同比 | -46.7% | 1.8% |
| 每股收益（稀释后） | $1.55 | $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KBHRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $1.9B |
净利润KBHRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $101.5M | $64.3M | ||
| Q3 25 | $109.8M | $66.7M | ||
| Q2 25 | $107.9M | $72.4M | ||
| Q1 25 | $109.6M | $60.3M | ||
| Q4 24 | $190.6M | $74.8M | ||
| Q3 24 | $157.3M | $79.1M | ||
| Q2 24 | $168.4M | $78.7M |
毛利率KBHRUSHA
| 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KBHRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.4% |
净利率KBHRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 6.0% | 3.8% | ||
| Q3 25 | 6.8% | 3.7% | ||
| Q2 25 | 7.1% | 3.9% | ||
| Q1 25 | 7.9% | 3.4% | ||
| Q4 24 | 9.5% | 3.9% | ||
| Q3 24 | 9.0% | 4.4% | ||
| Q2 24 | 9.9% | 4.1% |
每股收益（稀释后）KBHRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.55 | $0.81 | ||
| Q3 25 | $1.61 | $0.83 | ||
| Q2 25 | $1.50 | $0.90 | ||
| Q1 25 | $1.49 | $0.73 | ||
| Q4 24 | $2.50 | $-95.13 | ||
| Q3 24 | $2.04 | $0.97 | ||
| Q2 24 | $2.15 | $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 | — | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $3.9B | $2.3B |
| 总资产 | $6.7B | $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KBHRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | $212.6M | ||
| Q3 25 | — | $242.0M | ||
| Q2 25 | — | $211.1M | ||
| Q1 25 | — | $228.7M | ||
| Q4 24 | — | $228.1M | ||
| Q3 24 | — | $185.1M | ||
| Q2 24 | — | $167.3M |
总债务KBHRUSHA
| 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KBHRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $4.0B | $2.2B | ||
| Q1 25 | $4.1B | $2.2B | ||
| Q4 24 | $4.1B | $2.1B | ||
| Q3 24 | $4.0B | $2.1B | ||
| Q2 24 | $4.0B | $2.0B |
总资产KBHRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $6.7B | $4.4B | ||
| Q3 25 | $7.0B | $4.6B | ||
| Q2 25 | $7.0B | $4.7B | ||
| Q1 25 | $7.0B | $4.7B | ||
| Q4 24 | $6.9B | $4.6B | ||
| Q3 24 | $6.8B | $4.6B | ||
| Q2 24 | $6.8B | $4.5B |
负债/权益比KBHRUSHA
| 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 | $303.8M | — |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $411.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 24.4% |
| 资本支出强度资本支出/营收 | 0.8% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.99× | — |
| 过去12个月自由现金流最近4个季度 | $287.3M | $828.4M |
8季度趋势，按日历期对齐
经营现金流KBHRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $303.8M | $112.9M | ||
| Q3 25 | $197.7M | $367.8M | ||
| Q2 25 | $168.4M | $227.6M | ||
| Q1 25 | $-334.3M | $153.5M | ||
| Q4 24 | $362.6M | $392.3M | ||
| Q3 24 | $-89.9M | $111.7M | ||
| Q2 24 | $61.5M | $270.6M |
自由现金流KBHRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $290.1M | $31.9M | ||
| Q3 25 | $185.8M | $271.2M | ||
| Q2 25 | $156.9M | $113.8M | ||
| Q1 25 | $-345.5M | $45.1M | ||
| Q4 24 | $352.6M | $263.5M | ||
| Q3 24 | $-99.4M | $-20.0M | ||
| Q2 24 | $51.2M | $177.2M |
自由现金流率KBHRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 17.1% | 1.9% | ||
| Q3 25 | 11.5% | 15.2% | ||
| Q2 25 | 10.3% | 6.2% | ||
| Q1 25 | -24.8% | 2.6% | ||
| Q4 24 | 17.6% | 13.7% | ||
| Q3 24 | -5.7% | -1.1% | ||
| Q2 24 | 3.0% | 9.1% |
资本支出强度KBHRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.8% | 4.8% | ||
| Q3 25 | 0.7% | 5.4% | ||
| Q2 25 | 0.8% | 6.2% | ||
| Q1 25 | 0.8% | 6.2% | ||
| Q4 24 | 0.5% | 6.7% | ||
| Q3 24 | 0.5% | 7.3% | ||
| Q2 24 | 0.6% | 4.8% |
现金转化率KBHRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.99× | 1.75× | ||
| Q3 25 | 1.80× | 5.51× | ||
| Q2 25 | 1.56× | 3.14× | ||
| Q1 25 | -3.05× | 2.55× | ||
| Q4 24 | 1.90× | 5.25× | ||
| Q3 24 | -0.57× | 1.41× | ||
| Q2 24 | 0.37× | 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
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 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% |
