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M&T Bank（MTB）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
M&T Bank的季度营收约是RUSH ENTERPRISES INC \TX\的1.5倍（$2.5B vs $1.7B），M&T Bank净利率更高（30.7% vs 3.7%，领先27.0%），M&T Bank同比增速更快（3.8% vs -9.0%），过去两年M&T Bank的营收复合增速更高（4.6% vs -6.8%）
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
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。
MTB vs RUSHA — 直观对比
营收规模更大
MTB
是对方的1.5倍
$1.7B
营收增速更快
MTB
高出12.8%
-9.0%
净利率更高
MTB
高出27.0%
3.7%
两年增速更快
MTB
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.7B |
| 净利润 | $759.0M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 39.2% | 4.9% |
| 净利率 | 30.7% | 3.7% |
| 营收同比 | 3.8% | -9.0% |
| 净利润同比 | 11.5% | 1.8% |
| 每股收益（稀释后） | $4.62 | $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MTBRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.4B | $1.9B | ||
| Q3 24 | $2.3B | $1.8B | ||
| Q2 24 | $2.3B | $1.9B |
净利润MTBRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $759.0M | $64.3M | ||
| Q3 25 | $792.0M | $66.7M | ||
| Q2 25 | $716.0M | $72.4M | ||
| Q1 25 | $584.0M | $60.3M | ||
| Q4 24 | $681.0M | $74.8M | ||
| Q3 24 | $721.0M | $79.1M | ||
| Q2 24 | $655.0M | $78.7M |
毛利率MTBRUSHA
| 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MTBRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 39.2% | 5.5% | ||
| Q3 25 | 40.8% | 5.6% | ||
| Q2 25 | 39.0% | 6.0% | ||
| Q1 25 | 33.0% | 5.2% | ||
| Q4 24 | 37.0% | 5.8% | ||
| Q3 24 | 39.0% | 6.7% | ||
| Q2 24 | 37.1% | 6.4% |
净利率MTBRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 30.7% | 3.8% | ||
| Q3 25 | 31.5% | 3.7% | ||
| Q2 25 | 29.9% | 3.9% | ||
| Q1 25 | 25.3% | 3.4% | ||
| Q4 24 | 28.6% | 3.9% | ||
| Q3 24 | 30.9% | 4.4% | ||
| Q2 24 | 28.5% | 4.1% |
每股收益（稀释后）MTBRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $4.62 | $0.81 | ||
| Q3 25 | $4.82 | $0.83 | ||
| Q2 25 | $4.24 | $0.90 | ||
| Q1 25 | $3.32 | $0.73 | ||
| Q4 24 | $3.87 | $-95.13 | ||
| Q3 24 | $4.02 | $0.97 | ||
| Q2 24 | $3.73 | $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 | — | — |
| 总债务越低越好 | $10.9B | $277.8M |
| 股东权益账面价值 | $29.2B | $2.3B |
| 总资产 | $213.5B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.37× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资MTBRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | $212.6M | ||
| Q3 25 | — | $242.0M | ||
| Q2 25 | — | $211.1M | ||
| Q1 25 | — | $228.7M | ||
| Q4 24 | — | $228.1M | ||
| Q3 24 | — | $185.1M | ||
| Q2 24 | — | $167.3M |
总债务MTBRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $10.9B | $274.8M | ||
| Q3 25 | $12.9B | — | ||
| Q2 25 | $12.4B | — | ||
| Q1 25 | $10.5B | — | ||
| Q4 24 | $12.6B | $408.4M | ||
| Q3 24 | $11.6B | — | ||
| Q2 24 | $11.3B | — |
股东权益MTBRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $29.2B | $2.2B | ||
| Q3 25 | $28.7B | $2.2B | ||
| Q2 25 | $28.5B | $2.2B | ||
| Q1 25 | $29.0B | $2.2B | ||
| Q4 24 | $29.0B | $2.1B | ||
| Q3 24 | $28.9B | $2.1B | ||
| Q2 24 | $28.4B | $2.0B |
总资产MTBRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $213.5B | $4.4B | ||
| Q3 25 | $211.3B | $4.6B | ||
| Q2 25 | $211.6B | $4.7B | ||
| Q1 25 | $210.3B | $4.7B | ||
| Q4 24 | $208.1B | $4.6B | ||
| Q3 24 | $211.8B | $4.6B | ||
| Q2 24 | $208.9B | $4.5B |
负债/权益比MTBRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.37× | 0.12× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.43× | 0.19× | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.40× | — |
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 | $3.0B | — |
| 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 | 3.96× | — |
| 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MTBRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $112.9M | ||
| Q3 25 | $1.0B | $367.8M | ||
| Q2 25 | $844.0M | $227.6M | ||
| Q1 25 | $635.0M | $153.5M | ||
| Q4 24 | $3.6B | $392.3M | ||
| Q3 24 | $-28.0M | $111.7M | ||
| Q2 24 | $1.4B | $270.6M |
自由现金流MTBRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | — | $31.9M | ||
| Q3 25 | — | $271.2M | ||
| Q2 25 | — | $113.8M | ||
| Q1 25 | — | $45.1M | ||
| Q4 24 | — | $263.5M | ||
| Q3 24 | — | $-20.0M | ||
| Q2 24 | — | $177.2M |
自由现金流率MTBRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 9.1% |
资本支出强度MTBRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 4.8% |
现金转化率MTBRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 3.96× | 1.75× | ||
| Q3 25 | 1.26× | 5.51× | ||
| Q2 25 | 1.18× | 3.14× | ||
| Q1 25 | 1.09× | 2.55× | ||
| Q4 24 | 5.30× | 5.25× | ||
| Q3 24 | -0.04× | 1.41× | ||
| Q2 24 | 2.07× | 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
MTB
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% |
