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LANDSTAR SYSTEM INC（LSTR）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LANDSTAR SYSTEM INC的1.4倍（$1.7B vs $1.2B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs 3.4%，领先0.3%），LANDSTAR SYSTEM INC同比增速更快（1.6% vs -9.0%），过去两年LANDSTAR SYSTEM INC的营收复合增速更高（-2.2% vs -6.8%）
Landstar System Inc.是美国专业运输服务企业，主营第三方物流业务，依托由超8800名独立自营车主、1000余名独立货运代理人、7万余家合规认证承运商组成的庞大网络，服务主要覆盖美国全境，同时提供加拿大境内及美加、美墨跨境物流服务。
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。
LSTR 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
LSTR
高出10.6%
-9.0%
净利率更高
RUSHA
高出0.3%
3.4%
两年增速更快
LSTR
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $39.4M | $61.7M |
| 毛利率 | 9.6% | 20.4% |
| 营业利润率 | 4.5% | 4.9% |
| 净利率 | 3.4% | 3.7% |
| 营收同比 | 1.6% | -9.0% |
| 净利润同比 | 32.3% | 1.8% |
| 每股收益（稀释后） | $1.16 | $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LSTRRUSHA
| Q1 26 | $1.2B | $1.7B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.9B |
净利润LSTRRUSHA
| Q1 26 | $39.4M | $61.7M | ||
| Q4 25 | $23.9M | $64.3M | ||
| Q3 25 | $19.4M | $66.7M | ||
| Q2 25 | $41.9M | $72.4M | ||
| Q1 25 | $29.8M | $60.3M | ||
| Q4 24 | $46.2M | $74.8M | ||
| Q3 24 | $50.0M | $79.1M | ||
| Q2 24 | $52.6M | $78.7M |
毛利率LSTRRUSHA
| Q1 26 | 9.6% | 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LSTRRUSHA
| Q1 26 | 4.5% | 4.9% | ||
| Q4 25 | 2.5% | 5.5% | ||
| Q3 25 | 2.2% | 5.6% | ||
| Q2 25 | 4.6% | 6.0% | ||
| Q1 25 | 3.4% | 5.2% | ||
| Q4 24 | 4.8% | 5.8% | ||
| Q3 24 | 5.2% | 6.7% | ||
| Q2 24 | 5.6% | 6.4% |
净利率LSTRRUSHA
| Q1 26 | 3.4% | 3.7% | ||
| Q4 25 | 2.0% | 3.8% | ||
| Q3 25 | 1.6% | 3.7% | ||
| Q2 25 | 3.5% | 3.9% | ||
| Q1 25 | 2.6% | 3.4% | ||
| Q4 24 | 3.8% | 3.9% | ||
| Q3 24 | 4.1% | 4.4% | ||
| Q2 24 | 4.3% | 4.1% |
每股收益（稀释后）LSTRRUSHA
| Q1 26 | $1.16 | $0.77 | ||
| Q4 25 | $0.70 | $0.81 | ||
| Q3 25 | $0.56 | $0.83 | ||
| Q2 25 | $1.20 | $0.90 | ||
| Q1 25 | $0.85 | $0.73 | ||
| Q4 24 | $1.30 | $-95.13 | ||
| Q3 24 | $1.41 | $0.97 | ||
| Q2 24 | $1.48 | $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 | $411.0M | — |
| 总债务越低越好 | $26.1M | $277.8M |
| 股东权益账面价值 | $799.0M | $2.3B |
| 总资产 | $1.6B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资LSTRRUSHA
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $212.6M | ||
| Q3 25 | $434.4M | $242.0M | ||
| Q2 25 | $426.2M | $211.1M | ||
| Q1 25 | $473.4M | $228.7M | ||
| Q4 24 | $566.6M | $228.1M | ||
| Q3 24 | $531.3M | $185.1M | ||
| Q2 24 | $504.0M | $167.3M |
总债务LSTRRUSHA
| Q1 26 | $26.1M | $277.8M | ||
| Q4 25 | $0 | $274.8M | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $408.4M | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
股东权益LSTRRUSHA
| Q1 26 | $799.0M | $2.3B | ||
| Q4 25 | $795.7M | $2.2B | ||
| Q3 25 | $888.7M | $2.2B | ||
| Q2 25 | $921.8M | $2.2B | ||
| Q1 25 | $930.8M | $2.2B | ||
| Q4 24 | $972.4M | $2.1B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.0B | $2.0B |
总资产LSTRRUSHA
| Q1 26 | $1.6B | $4.5B | ||
| Q4 25 | $1.6B | $4.4B | ||
| Q3 25 | $1.7B | $4.6B | ||
| Q2 25 | $1.7B | $4.7B | ||
| Q1 25 | $1.7B | $4.7B | ||
| Q4 24 | $1.8B | $4.6B | ||
| Q3 24 | $1.8B | $4.6B | ||
| Q2 24 | $1.8B | $4.5B |
负债/权益比LSTRRUSHA
| Q1 26 | 0.03× | 0.12× | ||
| Q4 25 | 0.00× | 0.12× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.19× | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $411.6M |
| 自由现金流率自由现金流/营收 | — | 24.4% |
| 资本支出强度资本支出/营收 | — | 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 | — | $828.4M |
8季度趋势，按日历期对齐
经营现金流LSTRRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $112.9M | ||
| Q3 25 | $89.3M | $367.8M | ||
| Q2 25 | $7.1M | $227.6M | ||
| Q1 25 | $55.7M | $153.5M | ||
| Q4 24 | $61.1M | $392.3M | ||
| Q3 24 | $83.1M | $111.7M | ||
| Q2 24 | $48.1M | $270.6M |
自由现金流LSTRRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $70.5M | $31.9M | ||
| Q3 25 | $86.0M | $271.2M | ||
| Q2 25 | $4.7M | $113.8M | ||
| Q1 25 | $53.8M | $45.1M | ||
| Q4 24 | $54.4M | $263.5M | ||
| Q3 24 | $75.6M | $-20.0M | ||
| Q2 24 | $40.6M | $177.2M |
自由现金流率LSTRRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 6.0% | 1.9% | ||
| Q3 25 | 7.1% | 15.2% | ||
| Q2 25 | 0.4% | 6.2% | ||
| Q1 25 | 4.7% | 2.6% | ||
| Q4 24 | 4.5% | 13.7% | ||
| Q3 24 | 6.2% | -1.1% | ||
| Q2 24 | 3.3% | 9.1% |
资本支出强度LSTRRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.2% | 4.8% | ||
| Q3 25 | 0.3% | 5.4% | ||
| Q2 25 | 0.2% | 6.2% | ||
| Q1 25 | 0.2% | 6.2% | ||
| Q4 24 | 0.6% | 6.7% | ||
| Q3 24 | 0.6% | 7.3% | ||
| Q2 24 | 0.6% | 4.8% |
现金转化率LSTRRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.75× | ||
| Q3 25 | 4.61× | 5.51× | ||
| Q2 25 | 0.17× | 3.14× | ||
| Q1 25 | 1.87× | 2.55× | ||
| Q4 24 | 1.32× | 5.25× | ||
| Q3 24 | 1.66× | 1.41× | ||
| Q2 24 | 0.91× | 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
LSTR
暂无分部数据
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% |
