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INSPERITY, INC.（NSP）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INSPERITY, INC.的1.0倍（$1.7B vs $1.7B），INSPERITY, INC.同比增速更快（3.4% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $246.0M），过去两年INSPERITY, INC.的营收复合增速更高（-3.8% vs -6.8%）
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
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。
NSP vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.0倍
$1.7B
营收增速更快
NSP
高出12.4%
-9.0%
自由现金流更多
RUSHA
多$165.6M
$246.0M
两年增速更快
NSP
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | — | $61.7M |
| 毛利率 | 10.3% | 20.4% |
| 营业利润率 | -2.8% | 4.9% |
| 净利率 | — | 3.7% |
| 营收同比 | 3.4% | -9.0% |
| 净利润同比 | — | 1.8% |
| 每股收益（稀释后） | $-0.87 | $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NSPRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.6B | $1.9B |
净利润NSPRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | — | $64.3M | ||
| Q3 25 | $-20.0M | $66.7M | ||
| Q2 25 | $-5.0M | $72.4M | ||
| Q1 25 | $51.0M | $60.3M | ||
| Q4 24 | — | $74.8M | ||
| Q3 24 | $3.0M | $79.1M | ||
| Q2 24 | $18.0M | $78.7M |
毛利率NSPRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 10.3% | 20.8% | ||
| Q3 25 | 12.0% | 21.0% | ||
| Q2 25 | 13.4% | 20.7% | ||
| Q1 25 | 16.6% | 20.3% | ||
| Q4 24 | 13.5% | 19.3% | ||
| Q3 24 | 14.7% | 21.0% | ||
| Q2 24 | 16.2% | 20.2% |
营业利润率NSPRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | -2.8% | 5.5% | ||
| Q3 25 | -1.5% | 5.6% | ||
| Q2 25 | -0.4% | 6.0% | ||
| Q1 25 | 3.7% | 5.2% | ||
| Q4 24 | -0.9% | 5.8% | ||
| Q3 24 | 0.1% | 6.7% | ||
| Q2 24 | 1.4% | 6.4% |
净利率NSPRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | -1.2% | 3.7% | ||
| Q2 25 | -0.3% | 3.9% | ||
| Q1 25 | 2.7% | 3.4% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 0.2% | 4.4% | ||
| Q2 24 | 1.1% | 4.1% |
每股收益（稀释后）NSPRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.87 | $0.81 | ||
| Q3 25 | $-0.53 | $0.83 | ||
| Q2 25 | $-0.14 | $0.90 | ||
| Q1 25 | $1.35 | $0.73 | ||
| Q4 24 | $-0.21 | $-95.13 | ||
| Q3 24 | $0.07 | $0.97 | ||
| Q2 24 | $0.48 | $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 | $682.0M | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $46.0M | $2.3B |
| 总资产 | $2.2B | $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NSPRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $682.0M | $212.6M | ||
| Q3 25 | $521.0M | $242.0M | ||
| Q2 25 | $511.0M | $211.1M | ||
| Q1 25 | $684.0M | $228.7M | ||
| Q4 24 | $1.2B | $228.1M | ||
| Q3 24 | $596.0M | $185.1M | ||
| Q2 24 | $850.0M | $167.3M |
总债务NSPRUSHA
| 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NSPRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $46.0M | $2.2B | ||
| Q3 25 | $87.0M | $2.2B | ||
| Q2 25 | $112.0M | $2.2B | ||
| Q1 25 | $119.0M | $2.2B | ||
| Q4 24 | $97.0M | $2.1B | ||
| Q3 24 | $125.0M | $2.1B | ||
| Q2 24 | $142.0M | $2.0B |
总资产NSPRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $2.2B | $4.4B | ||
| Q3 25 | $2.0B | $4.6B | ||
| Q2 25 | $2.0B | $4.7B | ||
| Q1 25 | $2.1B | $4.7B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $1.9B | $4.6B | ||
| Q2 24 | $2.1B | $4.5B |
负债/权益比NSPRUSHA
| 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 | $255.0M | — |
| 自由现金流经营现金流 - 资本支出 | $246.0M | $411.6M |
| 自由现金流率自由现金流/营收 | 14.7% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-309.0M | $828.4M |
8季度趋势，按日历期对齐
经营现金流NSPRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $255.0M | $112.9M | ||
| Q3 25 | $-11.0M | $367.8M | ||
| Q2 25 | $-79.0M | $227.6M | ||
| Q1 25 | $-443.0M | $153.5M | ||
| Q4 24 | $619.0M | $392.3M | ||
| Q3 24 | $-150.0M | $111.7M | ||
| Q2 24 | $20.0M | $270.6M |
自由现金流NSPRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $246.0M | $31.9M | ||
| Q3 25 | $-20.0M | $271.2M | ||
| Q2 25 | $-86.0M | $113.8M | ||
| Q1 25 | $-449.0M | $45.1M | ||
| Q4 24 | $606.0M | $263.5M | ||
| Q3 24 | $-164.0M | $-20.0M | ||
| Q2 24 | $14.0M | $177.2M |
自由现金流率NSPRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 14.7% | 1.9% | ||
| Q3 25 | -1.2% | 15.2% | ||
| Q2 25 | -5.2% | 6.2% | ||
| Q1 25 | -24.1% | 2.6% | ||
| Q4 24 | 37.6% | 13.7% | ||
| Q3 24 | -10.5% | -1.1% | ||
| Q2 24 | 0.9% | 9.1% |
资本支出强度NSPRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.5% | 4.8% | ||
| Q3 25 | 0.6% | 5.4% | ||
| Q2 25 | 0.4% | 6.2% | ||
| Q1 25 | 0.3% | 6.2% | ||
| Q4 24 | 0.8% | 6.7% | ||
| Q3 24 | 0.9% | 7.3% | ||
| Q2 24 | 0.4% | 4.8% |
现金转化率NSPRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | -8.69× | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | -50.00× | 1.41× | ||
| Q2 24 | 1.11× | 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
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 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% |
