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KIRBY CORP（KEX）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KIRBY CORP的2.0倍（$1.7B vs $851.8M），KIRBY CORP净利率更高（10.8% vs 3.7%，领先7.1%），KIRBY CORP同比增速更快（6.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $265.2M），过去两年KIRBY CORP的营收复合增速更高（2.7% vs -6.8%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
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。
KEX vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的2.0倍
$851.8M
营收增速更快
KEX
高出15.2%
-9.0%
净利率更高
KEX
高出7.1%
3.7%
自由现金流更多
RUSHA
多$146.4M
$265.2M
两年增速更快
KEX
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $1.7B |
| 净利润 | $91.8M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 15.2% | 4.9% |
| 净利率 | 10.8% | 3.7% |
| 营收同比 | 6.2% | -9.0% |
| 净利润同比 | 114.4% | 1.8% |
| 每股收益（稀释后） | $1.68 | $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KEXRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $851.8M | $1.7B | ||
| Q3 25 | $871.2M | $1.8B | ||
| Q2 25 | $855.5M | $1.8B | ||
| Q1 25 | $785.7M | $1.8B | ||
| Q4 24 | $802.3M | $1.9B | ||
| Q3 24 | $831.1M | $1.8B | ||
| Q2 24 | $824.4M | $1.9B |
净利润KEXRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $91.8M | $64.3M | ||
| Q3 25 | $92.5M | $66.7M | ||
| Q2 25 | $94.3M | $72.4M | ||
| Q1 25 | $76.0M | $60.3M | ||
| Q4 24 | $42.8M | $74.8M | ||
| Q3 24 | $90.0M | $79.1M | ||
| Q2 24 | $83.9M | $78.7M |
毛利率KEXRUSHA
| 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KEXRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 15.2% | 5.5% | ||
| Q3 25 | 14.8% | 5.6% | ||
| Q2 25 | 15.4% | 6.0% | ||
| Q1 25 | 13.4% | 5.2% | ||
| Q4 24 | 6.3% | 5.8% | ||
| Q3 24 | 15.3% | 6.7% | ||
| Q2 24 | 14.6% | 6.4% |
净利率KEXRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 10.8% | 3.8% | ||
| Q3 25 | 10.6% | 3.7% | ||
| Q2 25 | 11.0% | 3.9% | ||
| Q1 25 | 9.7% | 3.4% | ||
| Q4 24 | 5.3% | 3.9% | ||
| Q3 24 | 10.8% | 4.4% | ||
| Q2 24 | 10.2% | 4.1% |
每股收益（稀释后）KEXRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.68 | $0.81 | ||
| Q3 25 | $1.65 | $0.83 | ||
| Q2 25 | $1.67 | $0.90 | ||
| Q1 25 | $1.33 | $0.73 | ||
| Q4 24 | $0.74 | $-95.13 | ||
| Q3 24 | $1.55 | $0.97 | ||
| Q2 24 | $1.43 | $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 | $78.8M | — |
| 总债务越低越好 | $919.3M | $277.8M |
| 股东权益账面价值 | $3.4B | $2.3B |
| 总资产 | $6.0B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资KEXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $78.8M | $212.6M | ||
| Q3 25 | $47.0M | $242.0M | ||
| Q2 25 | $68.4M | $211.1M | ||
| Q1 25 | $51.1M | $228.7M | ||
| Q4 24 | $74.4M | $228.1M | ||
| Q3 24 | $67.1M | $185.1M | ||
| Q2 24 | $53.5M | $167.3M |
总债务KEXRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $919.3M | $274.8M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $874.9M | $408.4M | ||
| Q3 24 | $978.6M | — | ||
| Q2 24 | $1.0B | — |
股东权益KEXRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $3.4B | $2.2B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $3.4B | $2.2B | ||
| Q1 25 | $3.3B | $2.2B | ||
| Q4 24 | $3.4B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.3B | $2.0B |
总资产KEXRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $6.0B | $4.4B | ||
| Q3 25 | $6.1B | $4.6B | ||
| Q2 25 | $6.1B | $4.7B | ||
| Q1 25 | $6.0B | $4.7B | ||
| Q4 24 | $5.9B | $4.6B | ||
| Q3 24 | $5.9B | $4.6B | ||
| Q2 24 | $5.9B | $4.5B |
负债/权益比KEXRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.27× | 0.12× | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.26× | 0.19× | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.32× | — |
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 | $312.2M | — |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $411.6M |
| 自由现金流率自由现金流/营收 | 31.1% | 24.4% |
| 资本支出强度资本支出/营收 | 5.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.40× | — |
| 过去12个月自由现金流最近4个季度 | $405.7M | $828.4M |
8季度趋势，按日历期对齐
经营现金流KEXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $312.2M | $112.9M | ||
| Q3 25 | $227.5M | $367.8M | ||
| Q2 25 | $93.9M | $227.6M | ||
| Q1 25 | $36.5M | $153.5M | ||
| Q4 24 | $247.4M | $392.3M | ||
| Q3 24 | $206.5M | $111.7M | ||
| Q2 24 | $179.3M | $270.6M |
自由现金流KEXRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $265.2M | $31.9M | ||
| Q3 25 | $160.3M | $271.2M | ||
| Q2 25 | $22.4M | $113.8M | ||
| Q1 25 | $-42.1M | $45.1M | ||
| Q4 24 | $150.7M | $263.5M | ||
| Q3 24 | $130.1M | $-20.0M | ||
| Q2 24 | $90.8M | $177.2M |
自由现金流率KEXRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 31.1% | 1.9% | ||
| Q3 25 | 18.4% | 15.2% | ||
| Q2 25 | 2.6% | 6.2% | ||
| Q1 25 | -5.4% | 2.6% | ||
| Q4 24 | 18.8% | 13.7% | ||
| Q3 24 | 15.7% | -1.1% | ||
| Q2 24 | 11.0% | 9.1% |
资本支出强度KEXRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 5.5% | 4.8% | ||
| Q3 25 | 7.7% | 5.4% | ||
| Q2 25 | 8.4% | 6.2% | ||
| Q1 25 | 10.0% | 6.2% | ||
| Q4 24 | 12.0% | 6.7% | ||
| Q3 24 | 9.2% | 7.3% | ||
| Q2 24 | 10.7% | 4.8% |
现金转化率KEXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | 1.75× | ||
| Q3 25 | 2.46× | 5.51× | ||
| Q2 25 | 1.00× | 3.14× | ||
| Q1 25 | 0.48× | 2.55× | ||
| Q4 24 | 5.78× | 5.25× | ||
| Q3 24 | 2.30× | 1.41× | ||
| Q2 24 | 2.14× | 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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 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% |
