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Murphy USA Inc.（MUSA）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
Murphy USA Inc.的季度营收约是RUSH ENTERPRISES INC \TX\的2.8倍（$4.7B vs $1.7B）。RUSH ENTERPRISES INC \TX\净利率更高（3.8% vs 3.0%，领先0.8%）。Murphy USA Inc.同比增速更快（0.7% vs -12.5%）。Murphy USA Inc.自由现金流更多（$128.8M vs $31.9M）。过去两年Murphy USA Inc.的营收复合增速更高（-1.0% vs -3.0%）
墨菲美国是总部位于美国阿肯色州埃尔多拉多的企业，2013年由墨菲石油分拆后独立运营，主营连锁零售加油站业务，旗下站点大多毗邻沃尔玛门店开设，为消费者提供燃油及配套零售服务。
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。
MUSA vs RUSHA — 直观对比
营收规模更大
MUSA
是对方的2.8倍
$1.7B
营收增速更快
MUSA
高出13.2%
-12.5%
净利率更高
RUSHA
高出0.8%
3.0%
自由现金流更多
MUSA
多$96.9M
$31.9M
两年增速更快
MUSA
近两年复合增速
-3.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $1.7B |
| 净利润 | $141.9M | $64.3M |
| 毛利率 | — | 20.8% |
| 营业利润率 | 4.4% | 5.5% |
| 净利率 | 3.0% | 3.8% |
| 营收同比 | 0.7% | -12.5% |
| 净利润同比 | -0.4% | -13.9% |
| 每股收益（稀释后） | $7.35 | $0.81 |
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MUSARUSHA
| Q4 25 | $4.7B | $1.7B | ||
| Q3 25 | $5.1B | $1.8B | ||
| Q2 25 | $5.0B | $1.8B | ||
| Q1 25 | $4.5B | $1.8B | ||
| Q4 24 | $4.7B | $1.9B | ||
| Q3 24 | $5.2B | $1.8B | ||
| Q2 24 | $5.5B | $1.9B | ||
| Q1 24 | $4.8B | $1.8B |
净利润MUSARUSHA
| Q4 25 | $141.9M | $64.3M | ||
| Q3 25 | $129.9M | $66.7M | ||
| Q2 25 | $145.6M | $72.4M | ||
| Q1 25 | $53.2M | $60.3M | ||
| Q4 24 | $142.5M | $74.8M | ||
| Q3 24 | $149.2M | $79.1M | ||
| Q2 24 | $144.8M | $78.7M | ||
| Q1 24 | $66.0M | $71.6M |
毛利率MUSARUSHA
| 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% | ||
| Q1 24 | — | 21.9% |
营业利润率MUSARUSHA
| Q4 25 | 4.4% | 5.5% | ||
| Q3 25 | 3.9% | 5.6% | ||
| Q2 25 | 4.4% | 6.0% | ||
| Q1 25 | 1.9% | 5.2% | ||
| Q4 24 | 4.2% | 5.8% | ||
| Q3 24 | 4.2% | 6.7% | ||
| Q2 24 | 4.0% | 6.4% | ||
| Q1 24 | 2.2% | 6.2% |
净利率MUSARUSHA
| Q4 25 | 3.0% | 3.8% | ||
| Q3 25 | 2.5% | 3.7% | ||
| Q2 25 | 2.9% | 3.9% | ||
| Q1 25 | 1.2% | 3.4% | ||
| Q4 24 | 3.0% | 3.9% | ||
| Q3 24 | 2.8% | 4.4% | ||
| Q2 24 | 2.7% | 4.1% | ||
| Q1 24 | 1.4% | 4.0% |
每股收益（稀释后）MUSARUSHA
| Q4 25 | $7.35 | $0.81 | ||
| Q3 25 | $6.76 | $0.83 | ||
| Q2 25 | $7.36 | $0.90 | ||
| Q1 25 | $2.63 | $0.73 | ||
| Q4 24 | $6.87 | $-95.13 | ||
| Q3 24 | $7.20 | $0.97 | ||
| Q2 24 | $6.92 | $97.00 | ||
| Q1 24 | $3.12 | $0.88 |
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 | $28.9M | $212.6M |
| 总债务越低越好 | $2.2B | $274.8M |
| 股东权益账面价值 | $623.5M | $2.2B |
| 总资产 | $4.7B | $4.4B |
| 负债/权益比越低杠杆越低 | 3.47× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资MUSARUSHA
| Q4 25 | $28.9M | $212.6M | ||
| Q3 25 | $42.8M | $242.0M | ||
| Q2 25 | $54.1M | $211.1M | ||
| Q1 25 | $49.4M | $228.7M | ||
| Q4 24 | $47.0M | $228.1M | ||
| Q3 24 | $52.5M | $185.1M | ||
| Q2 24 | $79.8M | $167.3M | ||
| Q1 24 | $56.7M | $155.9M |
总债务MUSARUSHA
| Q4 25 | $2.2B | $274.8M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | $408.4M | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
股东权益MUSARUSHA
| Q4 25 | $623.5M | $2.2B | ||
| Q3 25 | $546.0M | $2.2B | ||
| Q2 25 | $646.1M | $2.2B | ||
| Q1 25 | $719.6M | $2.2B | ||
| Q4 24 | $840.1M | $2.1B | ||
| Q3 24 | $830.1M | $2.1B | ||
| Q2 24 | $811.3M | $2.0B | ||
| Q1 24 | $781.6M | $1.9B |
总资产MUSARUSHA
| Q4 25 | $4.7B | $4.4B | ||
| Q3 25 | $4.7B | $4.6B | ||
| Q2 25 | $4.6B | $4.7B | ||
| Q1 25 | $4.5B | $4.7B | ||
| Q4 24 | $4.5B | $4.6B | ||
| Q3 24 | $4.4B | $4.6B | ||
| Q2 24 | $4.4B | $4.5B | ||
| Q1 24 | $4.3B | $4.6B |
负债/权益比MUSARUSHA
| Q4 25 | 3.47× | 0.12× | ||
| Q3 25 | 4.07× | — | ||
| Q2 25 | 3.20× | — | ||
| Q1 25 | 2.74× | — | ||
| Q4 24 | 2.18× | 0.19× | ||
| Q3 24 | 2.19× | — | ||
| Q2 24 | 2.20× | — | ||
| Q1 24 | 2.28× | — |
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 | $245.5M | $112.9M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $31.9M |
| 自由现金流率自由现金流/营收 | 2.7% | 1.9% |
| 资本支出强度资本支出/营收 | 2.5% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.73× | 1.75× |
| 过去12个月自由现金流最近4个季度 | $374.3M | $462.0M |
8季度趋势，按日历期对齐
经营现金流MUSARUSHA
| Q4 25 | $245.5M | $112.9M | ||
| Q3 25 | $184.8M | $367.8M | ||
| Q2 25 | $255.1M | $227.6M | ||
| Q1 25 | $128.5M | $153.5M | ||
| Q4 24 | $248.7M | $392.3M | ||
| Q3 24 | $202.1M | $111.7M | ||
| Q2 24 | $260.8M | $270.6M | ||
| Q1 24 | $136.0M | $-155.1M |
自由现金流MUSARUSHA
| Q4 25 | $128.8M | $31.9M | ||
| Q3 25 | $67.7M | $271.2M | ||
| Q2 25 | $137.1M | $113.8M | ||
| Q1 25 | $40.7M | $45.1M | ||
| Q4 24 | $121.7M | $263.5M | ||
| Q3 24 | $65.2M | $-20.0M | ||
| Q2 24 | $142.8M | $177.2M | ||
| Q1 24 | $59.8M | $-234.2M |
自由现金流率MUSARUSHA
| Q4 25 | 2.7% | 1.9% | ||
| Q3 25 | 1.3% | 15.2% | ||
| Q2 25 | 2.7% | 6.2% | ||
| Q1 25 | 0.9% | 2.6% | ||
| Q4 24 | 2.6% | 13.7% | ||
| Q3 24 | 1.2% | -1.1% | ||
| Q2 24 | 2.6% | 9.1% | ||
| Q1 24 | 1.2% | -13.1% |
资本支出强度MUSARUSHA
| Q4 25 | 2.5% | 4.8% | ||
| Q3 25 | 2.3% | 5.4% | ||
| Q2 25 | 2.4% | 6.2% | ||
| Q1 25 | 1.9% | 6.2% | ||
| Q4 24 | 2.7% | 6.7% | ||
| Q3 24 | 2.6% | 7.3% | ||
| Q2 24 | 2.2% | 4.8% | ||
| Q1 24 | 1.6% | 4.4% |
现金转化率MUSARUSHA
| Q4 25 | 1.73× | 1.75× | ||
| Q3 25 | 1.42× | 5.51× | ||
| Q2 25 | 1.75× | 3.14× | ||
| Q1 25 | 2.42× | 2.55× | ||
| Q4 24 | 1.75× | 5.25× | ||
| Q3 24 | 1.35× | 1.41× | ||
| Q2 24 | 1.80× | 3.44× | ||
| Q1 24 | 2.06× | -2.17× |
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
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
RUSHA
| New And Used Commercial Vehicle | $1.0B | 62% |
| Parts | $364.2M | 22% |
| Commercial Vehicle Repair Service | $261.0M | 16% |
| Insurance | $2.5M | 0% |
| Financial Service | $2.3M | 0% |
