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KELLY SERVICES INC（KELYA）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KELLY SERVICES INC的1.4倍（$1.7B vs $1.2B），KELLY SERVICES INC同比增速更快（-3.3% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $13.0M），过去两年KELLY SERVICES INC的营收复合增速更高（-3.1% vs -6.8%）
凯利服务是1946年成立的美国跨国人力资源服务企业，总部位于密歇根州特洛伊市。公司可为金融服务、信息技术、法律等多个领域输送各层级雇员，核心业务涵盖人力资源管理咨询、业务外包、人才招聘、职业转型及供应商管理等专业服务。
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。
KELYA vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.4倍
$1.2B
营收增速更快
KELYA
高出5.7%
-9.0%
自由现金流更多
RUSHA
多$398.6M
$13.0M
两年增速更快
KELYA
近两年复合增速
-6.8%
损益表 — Q4 FY2024 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | — | $61.7M |
| 毛利率 | 20.3% | 20.4% |
| 营业利润率 | -4.8% | 4.9% |
| 净利率 | — | 3.7% |
| 营收同比 | -3.3% | -9.0% |
| 净利润同比 | — | 1.8% |
| 每股收益（稀释后） | $-0.86 | $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KELYARUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.1B | $1.9B |
净利润KELYARUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | — | $64.3M | ||
| Q3 25 | — | $66.7M | ||
| Q2 25 | — | $72.4M | ||
| Q1 25 | — | $60.3M | ||
| Q4 24 | — | $74.8M | ||
| Q3 24 | $800.0K | $79.1M | ||
| Q2 24 | $4.6M | $78.7M |
毛利率KELYARUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | 20.3% | 19.3% | ||
| Q3 24 | 21.4% | 21.0% | ||
| Q2 24 | 20.2% | 20.2% |
营业利润率KELYARUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | -4.8% | 5.8% | ||
| Q3 24 | 0.3% | 6.7% | ||
| Q2 24 | 1.2% | 6.4% |
净利率KELYARUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 0.1% | 4.4% | ||
| Q2 24 | 0.4% | 4.1% |
每股收益（稀释后）KELYARUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | — | $0.90 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | $-0.86 | $-95.13 | ||
| Q3 24 | $0.02 | $0.97 | ||
| Q2 24 | $0.12 | $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 | $39.0M | — |
| 总债务越低越好 | $239.4M | $277.8M |
| 股东权益账面价值 | $1.2B | $2.3B |
| 总资产 | $2.6B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资KELYARUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | $212.6M | ||
| Q3 25 | — | $242.0M | ||
| Q2 25 | — | $211.1M | ||
| Q1 25 | — | $228.7M | ||
| Q4 24 | $39.0M | $228.1M | ||
| Q3 24 | $32.8M | $185.1M | ||
| Q2 24 | $38.2M | $167.3M |
总债务KELYARUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $239.4M | $408.4M | ||
| Q3 24 | $228.2M | — | ||
| Q2 24 | $210.4M | — |
股东权益KELYARUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.0B |
总资产KELYARUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.7B | $4.6B | ||
| Q2 24 | $2.6B | $4.5B |
负债/权益比KELYARUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.19× | 0.19× | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.16× | — |
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 | $15.0M | — |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 1.1% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $15.8M | $828.4M |
8季度趋势，按日历期对齐
经营现金流KELYARUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | $112.9M | ||
| Q3 25 | — | $367.8M | ||
| Q2 25 | — | $227.6M | ||
| Q1 25 | — | $153.5M | ||
| Q4 24 | $15.0M | $392.3M | ||
| Q3 24 | $-20.3M | $111.7M | ||
| Q2 24 | $57.7M | $270.6M |
自由现金流KELYARUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | — | $31.9M | ||
| Q3 25 | — | $271.2M | ||
| Q2 25 | — | $113.8M | ||
| Q1 25 | — | $45.1M | ||
| Q4 24 | $13.0M | $263.5M | ||
| Q3 24 | $-22.7M | $-20.0M | ||
| Q2 24 | $54.7M | $177.2M |
自由现金流率KELYARUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 1.1% | 13.7% | ||
| Q3 24 | -2.2% | -1.1% | ||
| Q2 24 | 5.2% | 9.1% |
资本支出强度KELYARUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | 0.2% | 6.7% | ||
| Q3 24 | 0.2% | 7.3% | ||
| Q2 24 | 0.3% | 4.8% |
现金转化率KELYARUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | -25.38× | 1.41× | ||
| Q2 24 | 12.54× | 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
KELYA
| Science Engineering Technology | $295.8M | 25% |
| Education | $293.1M | 25% |
| Staffing Services | $237.7M | 20% |
| Other | $138.8M | 12% |
| Talent Solutions | $120.5M | 10% |
| Outcome Based Services | $103.6M | 9% |
| Permanent Placement | $1.6M | 0% |
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% |
