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MAXIMUS, INC.（MMS）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MAXIMUS, INC.的1.3倍（$1.7B vs $1.3B），MAXIMUS, INC.净利率更高（7.0% vs 3.7%，领先3.3%），MAXIMUS, INC.同比增速更快（-4.1% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-250.7M），过去两年MAXIMUS, INC.的营收复合增速更高（-0.1% vs -6.8%）
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
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。
MMS vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.3倍
$1.3B
营收增速更快
MMS
高出4.9%
-9.0%
净利率更高
MMS
高出3.3%
3.7%
自由现金流更多
RUSHA
多$662.2M
$-250.7M
两年增速更快
MMS
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $93.9M | $61.7M |
| 毛利率 | 23.7% | 20.4% |
| 营业利润率 | 10.9% | 4.9% |
| 净利率 | 7.0% | 3.7% |
| 营收同比 | -4.1% | -9.0% |
| 净利润同比 | 128.0% | 1.8% |
| 每股收益（稀释后） | $1.70 | $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MMSRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.9B |
净利润MMSRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $93.9M | $64.3M | ||
| Q3 25 | $75.3M | $66.7M | ||
| Q2 25 | $106.0M | $72.4M | ||
| Q1 25 | $96.6M | $60.3M | ||
| Q4 24 | $41.2M | $74.8M | ||
| Q3 24 | $72.5M | $79.1M | ||
| Q2 24 | $89.8M | $78.7M |
毛利率MMSRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 23.7% | 20.8% | ||
| Q3 25 | 25.3% | 21.0% | ||
| Q2 25 | 26.7% | 20.7% | ||
| Q1 25 | 24.9% | 20.3% | ||
| Q4 24 | 21.5% | 19.3% | ||
| Q3 24 | 22.9% | 21.0% | ||
| Q2 24 | 25.3% | 20.2% |
营业利润率MMSRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 10.9% | 5.5% | ||
| Q3 25 | 9.3% | 5.6% | ||
| Q2 25 | 12.3% | 6.0% | ||
| Q1 25 | 11.2% | 5.2% | ||
| Q4 24 | 6.2% | 5.8% | ||
| Q3 24 | 8.5% | 6.7% | ||
| Q2 24 | 10.8% | 6.4% |
净利率MMSRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 7.0% | 3.8% | ||
| Q3 25 | 5.7% | 3.7% | ||
| Q2 25 | 7.9% | 3.9% | ||
| Q1 25 | 7.1% | 3.4% | ||
| Q4 24 | 2.9% | 3.9% | ||
| Q3 24 | 5.5% | 4.4% | ||
| Q2 24 | 6.8% | 4.1% |
每股收益（稀释后）MMSRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.70 | $0.81 | ||
| Q3 25 | $1.27 | $0.83 | ||
| Q2 25 | $1.86 | $0.90 | ||
| Q1 25 | $1.69 | $0.73 | ||
| Q4 24 | $0.69 | $-95.13 | ||
| Q3 24 | $1.18 | $0.97 | ||
| Q2 24 | $1.46 | $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 | $137.6M | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $1.7B | $2.3B |
| 总资产 | $4.2B | $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MMSRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $137.6M | $212.6M | ||
| Q3 25 | $222.4M | $242.0M | ||
| Q2 25 | $59.8M | $211.1M | ||
| Q1 25 | $108.1M | $228.7M | ||
| Q4 24 | $72.7M | $228.1M | ||
| Q3 24 | $183.1M | $185.1M | ||
| Q2 24 | $102.8M | $167.3M |
总债务MMSRUSHA
| 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MMSRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.7B | $2.2B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.8B | $2.0B |
总资产MMSRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.2B | $4.4B | ||
| Q3 25 | $4.1B | $4.6B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.2B | $4.7B | ||
| Q4 24 | $4.1B | $4.6B | ||
| Q3 24 | $4.1B | $4.6B | ||
| Q2 24 | $4.0B | $4.5B |
负债/权益比MMSRUSHA
| 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 | $-244.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $411.6M |
| 自由现金流率自由现金流/营收 | -18.6% | 24.4% |
| 资本支出强度资本支出/营收 | 0.5% | 2.0% |
| 现金转化率经营现金流/净利润 | -2.60× | — |
| 过去12个月自由现金流最近4个季度 | $218.5M | $828.4M |
8季度趋势，按日历期对齐
经营现金流MMSRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $-244.4M | $112.9M | ||
| Q3 25 | $649.4M | $367.8M | ||
| Q2 25 | $-182.7M | $227.6M | ||
| Q1 25 | $42.7M | $153.5M | ||
| Q4 24 | $-80.0M | $392.3M | ||
| Q3 24 | $163.8M | $111.7M | ||
| Q2 24 | $199.3M | $270.6M |
自由现金流MMSRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $-250.7M | $31.9M | ||
| Q3 25 | $641.8M | $271.2M | ||
| Q2 25 | $-198.2M | $113.8M | ||
| Q1 25 | $25.5M | $45.1M | ||
| Q4 24 | $-103.0M | $263.5M | ||
| Q3 24 | $131.9M | $-20.0M | ||
| Q2 24 | $164.6M | $177.2M |
自由现金流率MMSRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | -18.6% | 1.9% | ||
| Q3 25 | 48.7% | 15.2% | ||
| Q2 25 | -14.7% | 6.2% | ||
| Q1 25 | 1.9% | 2.6% | ||
| Q4 24 | -7.3% | 13.7% | ||
| Q3 24 | 10.0% | -1.1% | ||
| Q2 24 | 12.5% | 9.1% |
资本支出强度MMSRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.5% | 4.8% | ||
| Q3 25 | 0.6% | 5.4% | ||
| Q2 25 | 1.1% | 6.2% | ||
| Q1 25 | 1.3% | 6.2% | ||
| Q4 24 | 1.6% | 6.7% | ||
| Q3 24 | 2.4% | 7.3% | ||
| Q2 24 | 2.6% | 4.8% |
现金转化率MMSRUSHA
| Q1 26 | — | — | ||
| Q4 25 | -2.60× | 1.75× | ||
| Q3 25 | 8.63× | 5.51× | ||
| Q2 25 | -1.72× | 3.14× | ||
| Q1 25 | 0.44× | 2.55× | ||
| Q4 24 | -1.94× | 5.25× | ||
| Q3 24 | 2.26× | 1.41× | ||
| Q2 24 | 2.22× | 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
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
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% |
