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MUELLER INDUSTRIES INC（MLI）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MUELLER INDUSTRIES INC的1.8倍（$1.7B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs 3.7%，领先12.3%），MUELLER INDUSTRIES INC同比增速更快（4.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $121.4M），过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% vs -6.8%）
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
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。
MLI vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.8倍
$962.4M
营收增速更快
MLI
高出13.2%
-9.0%
净利率更高
MLI
高出12.3%
3.7%
自由现金流更多
RUSHA
多$290.2M
$121.4M
两年增速更快
MLI
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $962.4M | $1.7B |
| 净利润 | $153.7M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 17.9% | 4.9% |
| 净利率 | 16.0% | 3.7% |
| 营收同比 | 4.2% | -9.0% |
| 净利润同比 | 11.7% | 1.8% |
| 每股收益（稀释后） | $1.37 | $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MLIRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $962.4M | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $923.5M | $1.9B | ||
| Q3 24 | $997.8M | $1.8B | ||
| Q2 24 | $997.7M | $1.9B |
净利润MLIRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $153.7M | $64.3M | ||
| Q3 25 | $208.1M | $66.7M | ||
| Q2 25 | $245.9M | $72.4M | ||
| Q1 25 | $157.4M | $60.3M | ||
| Q4 24 | $137.7M | $74.8M | ||
| Q3 24 | $168.7M | $79.1M | ||
| Q2 24 | $160.2M | $78.7M |
毛利率MLIRUSHA
| 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 | 27.6% | 21.0% | ||
| Q2 24 | 27.3% | 20.2% |
营业利润率MLIRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 17.9% | 5.5% | ||
| Q3 25 | 25.6% | 5.6% | ||
| Q2 25 | 26.7% | 6.0% | ||
| Q1 25 | 20.6% | 5.2% | ||
| Q4 24 | 18.4% | 5.8% | ||
| Q3 24 | 20.7% | 6.7% | ||
| Q2 24 | 21.0% | 6.4% |
净利率MLIRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 16.0% | 3.8% | ||
| Q3 25 | 19.3% | 3.7% | ||
| Q2 25 | 21.6% | 3.9% | ||
| Q1 25 | 15.7% | 3.4% | ||
| Q4 24 | 14.9% | 3.9% | ||
| Q3 24 | 16.9% | 4.4% | ||
| Q2 24 | 16.1% | 4.1% |
每股收益（稀释后）MLIRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.37 | $0.81 | ||
| Q3 25 | $1.88 | $0.83 | ||
| Q2 25 | $2.22 | $0.90 | ||
| Q1 25 | $1.39 | $0.73 | ||
| Q4 24 | $1.21 | $-95.13 | ||
| Q3 24 | $1.48 | $0.97 | ||
| Q2 24 | $1.41 | $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 | $1.4B | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $3.2B | $2.3B |
| 总资产 | $3.7B | $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MLIRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $212.6M | ||
| Q3 25 | $1.3B | $242.0M | ||
| Q2 25 | $1.1B | $211.1M | ||
| Q1 25 | $873.6M | $228.7M | ||
| Q4 24 | $1.1B | $228.1M | ||
| Q3 24 | $969.6M | $185.1M | ||
| Q2 24 | $825.7M | $167.3M |
总债务MLIRUSHA
| 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MLIRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $3.2B | $2.2B | ||
| Q3 25 | $3.1B | $2.2B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | $2.8B | $2.1B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $2.5B | $2.0B |
总资产MLIRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $3.7B | $4.4B | ||
| Q3 25 | $3.7B | $4.6B | ||
| Q2 25 | $3.5B | $4.7B | ||
| Q1 25 | $3.2B | $4.7B | ||
| Q4 24 | $3.3B | $4.6B | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.1B | $4.5B |
负债/权益比MLIRUSHA
| 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 | $141.2M | — |
| 自由现金流经营现金流 - 资本支出 | $121.4M | $411.6M |
| 自由现金流率自由现金流/营收 | 12.6% | 24.4% |
| 资本支出强度资本支出/营收 | 2.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.92× | — |
| 过去12个月自由现金流最近4个季度 | $686.6M | $828.4M |
8季度趋势，按日历期对齐
经营现金流MLIRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $141.2M | $112.9M | ||
| Q3 25 | $310.1M | $367.8M | ||
| Q2 25 | $190.6M | $227.6M | ||
| Q1 25 | $113.6M | $153.5M | ||
| Q4 24 | $140.1M | $392.3M | ||
| Q3 24 | $231.4M | $111.7M | ||
| Q2 24 | $100.8M | $270.6M |
自由现金流MLIRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $121.4M | $31.9M | ||
| Q3 25 | $291.8M | $271.2M | ||
| Q2 25 | $176.5M | $113.8M | ||
| Q1 25 | $97.0M | $45.1M | ||
| Q4 24 | $111.2M | $263.5M | ||
| Q3 24 | $205.7M | $-20.0M | ||
| Q2 24 | $91.6M | $177.2M |
自由现金流率MLIRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 12.6% | 1.9% | ||
| Q3 25 | 27.1% | 15.2% | ||
| Q2 25 | 15.5% | 6.2% | ||
| Q1 25 | 9.7% | 2.6% | ||
| Q4 24 | 12.0% | 13.7% | ||
| Q3 24 | 20.6% | -1.1% | ||
| Q2 24 | 9.2% | 9.1% |
资本支出强度MLIRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 2.1% | 4.8% | ||
| Q3 25 | 1.7% | 5.4% | ||
| Q2 25 | 1.2% | 6.2% | ||
| Q1 25 | 1.7% | 6.2% | ||
| Q4 24 | 3.1% | 6.7% | ||
| Q3 24 | 2.6% | 7.3% | ||
| Q2 24 | 0.9% | 4.8% |
现金转化率MLIRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | 1.75× | ||
| Q3 25 | 1.49× | 5.51× | ||
| Q2 25 | 0.78× | 3.14× | ||
| Q1 25 | 0.72× | 2.55× | ||
| Q4 24 | 1.02× | 5.25× | ||
| Q3 24 | 1.37× | 1.41× | ||
| Q2 24 | 0.63× | 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
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
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% |
