vs
NCR Atleos Corp（NATL）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NCR Atleos Corp的1.5倍（$1.7B vs $1.2B），NCR Atleos Corp净利率更高（7.2% vs 3.7%，领先3.5%），NCR Atleos Corp同比增速更快（4.0% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $194.0M），过去两年NCR Atleos Corp的营收复合增速更高（4.9% vs -6.8%）
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
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。
NATL vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.5倍
$1.2B
营收增速更快
NATL
高出13.0%
-9.0%
净利率更高
NATL
高出3.5%
3.7%
自由现金流更多
RUSHA
多$217.6M
$194.0M
两年增速更快
NATL
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $83.0M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 13.5% | 4.9% |
| 净利率 | 7.2% | 3.7% |
| 营收同比 | 4.0% | -9.0% |
| 净利润同比 | 102.4% | 1.8% |
| 每股收益（稀释后） | $1.09 | $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NATLRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $979.0M | $1.8B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.9B |
净利润NATLRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $83.0M | $64.3M | ||
| Q3 25 | $26.0M | $66.7M | ||
| Q2 25 | $39.0M | $72.4M | ||
| Q1 25 | $14.0M | $60.3M | ||
| Q4 24 | $41.0M | $74.8M | ||
| Q3 24 | $21.0M | $79.1M | ||
| Q2 24 | $27.0M | $78.7M |
毛利率NATLRUSHA
| 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NATLRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 13.5% | 5.5% | ||
| Q3 25 | 9.8% | 5.6% | ||
| Q2 25 | 10.8% | 6.0% | ||
| Q1 25 | 9.5% | 5.2% | ||
| Q4 24 | 13.4% | 5.8% | ||
| Q3 24 | 10.6% | 6.7% | ||
| Q2 24 | 9.8% | 6.4% |
净利率NATLRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 7.2% | 3.8% | ||
| Q3 25 | 2.3% | 3.7% | ||
| Q2 25 | 3.5% | 3.9% | ||
| Q1 25 | 1.4% | 3.4% | ||
| Q4 24 | 3.7% | 3.9% | ||
| Q3 24 | 2.0% | 4.4% | ||
| Q2 24 | 2.5% | 4.1% |
每股收益（稀释后）NATLRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $1.09 | $0.81 | ||
| Q3 25 | $0.34 | $0.83 | ||
| Q2 25 | $0.52 | $0.90 | ||
| Q1 25 | $0.19 | $0.73 | ||
| Q4 24 | $0.56 | $-95.13 | ||
| Q3 24 | $0.28 | $0.97 | ||
| Q2 24 | $0.37 | $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 | $456.0M | — |
| 总债务越低越好 | $2.7B | $277.8M |
| 股东权益账面价值 | $403.0M | $2.3B |
| 总资产 | $5.7B | $4.5B |
| 负债/权益比越低杠杆越低 | 6.63× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资NATLRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $456.0M | $212.6M | ||
| Q3 25 | $412.0M | $242.0M | ||
| Q2 25 | $357.0M | $211.1M | ||
| Q1 25 | $352.0M | $228.7M | ||
| Q4 24 | $419.0M | $228.1M | ||
| Q3 24 | $395.0M | $185.1M | ||
| Q2 24 | $374.0M | $167.3M |
总债务NATLRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $2.7B | $274.8M | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NATLRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $403.0M | $2.2B | ||
| Q3 25 | $330.0M | $2.2B | ||
| Q2 25 | $350.0M | $2.2B | ||
| Q1 25 | $275.0M | $2.2B | ||
| Q4 24 | $219.0M | $2.1B | ||
| Q3 24 | $264.0M | $2.1B | ||
| Q2 24 | $250.0M | $2.0B |
总资产NATLRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $5.7B | $4.4B | ||
| Q3 25 | $5.7B | $4.6B | ||
| Q2 25 | $5.8B | $4.7B | ||
| Q1 25 | $5.7B | $4.7B | ||
| Q4 24 | $5.5B | $4.6B | ||
| Q3 24 | $5.7B | $4.6B | ||
| Q2 24 | $5.8B | $4.5B |
负债/权益比NATLRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 6.63× | 0.12× | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | 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 | $231.0M | — |
| 自由现金流经营现金流 - 资本支出 | $194.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 16.8% | 24.4% |
| 资本支出强度资本支出/营收 | 3.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.78× | — |
| 过去12个月自由现金流最近4个季度 | $239.0M | $828.4M |
8季度趋势，按日历期对齐
经营现金流NATLRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $231.0M | $112.9M | ||
| Q3 25 | $25.0M | $367.8M | ||
| Q2 25 | $-23.0M | $227.6M | ||
| Q1 25 | $123.0M | $153.5M | ||
| Q4 24 | $80.0M | $392.3M | ||
| Q3 24 | $107.0M | $111.7M | ||
| Q2 24 | $9.0M | $270.6M |
自由现金流NATLRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $194.0M | $31.9M | ||
| Q3 25 | $-5.0M | $271.2M | ||
| Q2 25 | $-44.0M | $113.8M | ||
| Q1 25 | $94.0M | $45.1M | ||
| Q4 24 | $62.0M | $263.5M | ||
| Q3 24 | $85.0M | $-20.0M | ||
| Q2 24 | $-14.0M | $177.2M |
自由现金流率NATLRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 16.8% | 1.9% | ||
| Q3 25 | -0.4% | 15.2% | ||
| Q2 25 | -4.0% | 6.2% | ||
| Q1 25 | 9.6% | 2.6% | ||
| Q4 24 | 5.6% | 13.7% | ||
| Q3 24 | 7.9% | -1.1% | ||
| Q2 24 | -1.3% | 9.1% |
资本支出强度NATLRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 3.2% | 4.8% | ||
| Q3 25 | 2.7% | 5.4% | ||
| Q2 25 | 1.9% | 6.2% | ||
| Q1 25 | 3.0% | 6.2% | ||
| Q4 24 | 1.6% | 6.7% | ||
| Q3 24 | 2.1% | 7.3% | ||
| Q2 24 | 2.1% | 4.8% |
现金转化率NATLRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 1.75× | ||
| Q3 25 | 0.96× | 5.51× | ||
| Q2 25 | -0.59× | 3.14× | ||
| Q1 25 | 8.79× | 2.55× | ||
| Q4 24 | 1.95× | 5.25× | ||
| Q3 24 | 5.10× | 1.41× | ||
| Q2 24 | 0.33× | 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
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
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% |
