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美森（MATX）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\的季度营收约是美森的2.0倍（$1.7B vs $851.9M），美森净利率更高（16.8% vs 3.7%，领先13.1%），美森同比增速更快（-4.3% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $42.2M），过去两年美森的营收复合增速更高（8.6% vs -6.8%）
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
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。
MATX vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的2.0倍
$851.9M
营收增速更快
MATX
高出4.7%
-9.0%
净利率更高
MATX
高出13.1%
3.7%
自由现金流更多
RUSHA
多$369.4M
$42.2M
两年增速更快
MATX
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.7B |
| 净利润 | $143.1M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 16.9% | 4.9% |
| 净利率 | 16.8% | 3.7% |
| 营收同比 | -4.3% | -9.0% |
| 净利润同比 | 11.8% | 1.8% |
| 每股收益（稀释后） | $4.47 | $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MATXRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $851.9M | $1.7B | ||
| Q3 25 | $880.1M | $1.8B | ||
| Q2 25 | $830.5M | $1.8B | ||
| Q1 25 | $782.0M | $1.8B | ||
| Q4 24 | $890.3M | $1.9B | ||
| Q3 24 | $962.0M | $1.8B | ||
| Q2 24 | $847.4M | $1.9B |
净利润MATXRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $143.1M | $64.3M | ||
| Q3 25 | $134.7M | $66.7M | ||
| Q2 25 | $94.7M | $72.4M | ||
| Q1 25 | $72.3M | $60.3M | ||
| Q4 24 | $128.0M | $74.8M | ||
| Q3 24 | $199.1M | $79.1M | ||
| Q2 24 | $113.2M | $78.7M |
毛利率MATXRUSHA
| 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MATXRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 16.9% | 5.5% | ||
| Q3 25 | 18.3% | 5.6% | ||
| Q2 25 | 13.6% | 6.0% | ||
| Q1 25 | 10.5% | 5.2% | ||
| Q4 24 | 16.6% | 5.8% | ||
| Q3 24 | 25.2% | 6.7% | ||
| Q2 24 | 14.7% | 6.4% |
净利率MATXRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 16.8% | 3.8% | ||
| Q3 25 | 15.3% | 3.7% | ||
| Q2 25 | 11.4% | 3.9% | ||
| Q1 25 | 9.2% | 3.4% | ||
| Q4 24 | 14.4% | 3.9% | ||
| Q3 24 | 20.7% | 4.4% | ||
| Q2 24 | 13.4% | 4.1% |
每股收益（稀释后）MATXRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $4.47 | $0.81 | ||
| Q3 25 | $4.24 | $0.83 | ||
| Q2 25 | $2.92 | $0.90 | ||
| Q1 25 | $2.18 | $0.73 | ||
| Q4 24 | $3.69 | $-95.13 | ||
| Q3 24 | $5.89 | $0.97 | ||
| Q2 24 | $3.31 | $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 | $141.9M | — |
| 总债务越低越好 | $361.2M | $277.8M |
| 股东权益账面价值 | $2.8B | $2.3B |
| 总资产 | $4.6B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资MATXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $141.9M | $212.6M | ||
| Q3 25 | $92.7M | $242.0M | ||
| Q2 25 | $59.1M | $211.1M | ||
| Q1 25 | $122.0M | $228.7M | ||
| Q4 24 | $266.8M | $228.1M | ||
| Q3 24 | $270.3M | $185.1M | ||
| Q2 24 | $168.2M | $167.3M |
总债务MATXRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $361.2M | $274.8M | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $408.4M | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — |
股东权益MATXRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.7B | $2.1B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.4B | $2.0B |
总资产MATXRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.6B | $4.4B | ||
| Q3 25 | $4.6B | $4.6B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.5B | $4.7B | ||
| Q4 24 | $4.6B | $4.6B | ||
| Q3 24 | $4.4B | $4.6B | ||
| Q2 24 | $4.3B | $4.5B |
负债/权益比MATXRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.13× | 0.12× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 0.19× | ||
| Q3 24 | 0.15× | — | ||
| 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 | $176.9M | — |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $411.6M |
| 自由现金流率自由现金流/营收 | 5.0% | 24.4% |
| 资本支出强度资本支出/营收 | 15.8% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.24× | — |
| 过去12个月自由现金流最近4个季度 | $153.7M | $828.4M |
8季度趋势，按日历期对齐
经营现金流MATXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $176.9M | $112.9M | ||
| Q3 25 | $175.6M | $367.8M | ||
| Q2 25 | $105.6M | $227.6M | ||
| Q1 25 | $89.0M | $153.5M | ||
| Q4 24 | $174.7M | $392.3M | ||
| Q3 24 | $248.6M | $111.7M | ||
| Q2 24 | $307.9M | $270.6M |
自由现金流MATXRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $42.2M | $31.9M | ||
| Q3 25 | $92.4M | $271.2M | ||
| Q2 25 | $19.3M | $113.8M | ||
| Q1 25 | $-200.0K | $45.1M | ||
| Q4 24 | $49.3M | $263.5M | ||
| Q3 24 | $189.0M | $-20.0M | ||
| Q2 24 | $238.1M | $177.2M |
自由现金流率MATXRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 5.0% | 1.9% | ||
| Q3 25 | 10.5% | 15.2% | ||
| Q2 25 | 2.3% | 6.2% | ||
| Q1 25 | -0.0% | 2.6% | ||
| Q4 24 | 5.5% | 13.7% | ||
| Q3 24 | 19.6% | -1.1% | ||
| Q2 24 | 28.1% | 9.1% |
资本支出强度MATXRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 15.8% | 4.8% | ||
| Q3 25 | 9.5% | 5.4% | ||
| Q2 25 | 10.4% | 6.2% | ||
| Q1 25 | 11.4% | 6.2% | ||
| Q4 24 | 14.1% | 6.7% | ||
| Q3 24 | 6.2% | 7.3% | ||
| Q2 24 | 8.2% | 4.8% |
现金转化率MATXRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 1.75× | ||
| Q3 25 | 1.30× | 5.51× | ||
| Q2 25 | 1.12× | 3.14× | ||
| Q1 25 | 1.23× | 2.55× | ||
| Q4 24 | 1.36× | 5.25× | ||
| Q3 24 | 1.25× | 1.41× | ||
| Q2 24 | 2.72× | 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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
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% |
