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百济神州（ONC）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\的季度营收约是百济神州的1.1倍（$1.7B vs $1.5B），百济神州净利率更高（4.4% vs 3.7%，领先0.8%），百济神州同比增速更快（32.8% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $379.8M），过去两年百济神州的营收复合增速更高（41.2% vs -6.8%）
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
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。
ONC vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.1倍
$1.5B
营收增速更快
ONC
高出41.8%
-9.0%
净利率更高
ONC
高出0.8%
3.7%
自由现金流更多
RUSHA
多$31.7M
$379.8M
两年增速更快
ONC
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.7B |
| 净利润 | $66.5M | $61.7M |
| 毛利率 | 90.5% | 20.4% |
| 营业利润率 | 12.4% | 4.9% |
| 净利率 | 4.4% | 3.7% |
| 营收同比 | 32.8% | -9.0% |
| 净利润同比 | 143.8% | 1.8% |
| 每股收益（稀释后） | $0.05 | $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ONCRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $929.2M | $1.9B |
净利润ONCRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $66.5M | $64.3M | ||
| Q3 25 | $124.8M | $66.7M | ||
| Q2 25 | $94.3M | $72.4M | ||
| Q1 25 | $1.3M | $60.3M | ||
| Q4 24 | $-151.9M | $74.8M | ||
| Q3 24 | $-121.3M | $79.1M | ||
| Q2 24 | $-120.4M | $78.7M |
毛利率ONCRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 90.5% | 20.8% | ||
| Q3 25 | 86.1% | 21.0% | ||
| Q2 25 | 87.5% | 20.7% | ||
| Q1 25 | 85.2% | 20.3% | ||
| Q4 24 | 85.8% | 19.3% | ||
| Q3 24 | 83.0% | 21.0% | ||
| Q2 24 | 85.1% | 20.2% |
营业利润率ONCRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 12.4% | 5.5% | ||
| Q3 25 | 11.5% | 5.6% | ||
| Q2 25 | 6.7% | 6.0% | ||
| Q1 25 | 1.0% | 5.2% | ||
| Q4 24 | -7.0% | 5.8% | ||
| Q3 24 | -12.0% | 6.7% | ||
| Q2 24 | -11.5% | 6.4% |
净利率ONCRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 4.4% | 3.8% | ||
| Q3 25 | 8.8% | 3.7% | ||
| Q2 25 | 7.2% | 3.9% | ||
| Q1 25 | 0.1% | 3.4% | ||
| Q4 24 | -13.5% | 3.9% | ||
| Q3 24 | -12.1% | 4.4% | ||
| Q2 24 | -13.0% | 4.1% |
每股收益（稀释后）ONCRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.05 | $0.81 | ||
| Q3 25 | $0.08 | $0.83 | ||
| Q2 25 | $0.06 | $0.90 | ||
| Q1 25 | $0.00 | $0.73 | ||
| Q4 24 | $-0.10 | $-95.13 | ||
| Q3 24 | $-0.09 | $0.97 | ||
| Q2 24 | $-0.09 | $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 | $4.5B | — |
| 总债务越低越好 | $836.4M | $277.8M |
| 股东权益账面价值 | $4.4B | $2.3B |
| 总资产 | $8.2B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资ONCRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $212.6M | ||
| Q3 25 | $4.0B | $242.0M | ||
| Q2 25 | $2.8B | $211.1M | ||
| Q1 25 | $2.5B | $228.7M | ||
| Q4 24 | $2.6B | $228.1M | ||
| Q3 24 | $2.7B | $185.1M | ||
| Q2 24 | $2.6B | $167.3M |
总债务ONCRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $836.4M | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ONCRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $4.4B | $2.2B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $3.8B | $2.2B | ||
| Q1 25 | $3.5B | $2.2B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.4B | $2.1B | ||
| Q2 24 | $3.4B | $2.0B |
总资产ONCRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $8.2B | $4.4B | ||
| Q3 25 | $7.6B | $4.6B | ||
| Q2 25 | $6.3B | $4.7B | ||
| Q1 25 | $5.8B | $4.7B | ||
| Q4 24 | $5.9B | $4.6B | ||
| Q3 24 | $5.8B | $4.6B | ||
| Q2 24 | $5.7B | $4.5B |
负债/权益比ONCRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.19× | 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 | $417.3M | — |
| 自由现金流经营现金流 - 资本支出 | $379.8M | $411.6M |
| 自由现金流率自由现金流/营收 | 25.4% | 24.4% |
| 资本支出强度资本支出/营收 | 2.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 6.28× | — |
| 过去12个月自由现金流最近4个季度 | $941.7M | $828.4M |
8季度趋势，按日历期对齐
经营现金流ONCRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $417.3M | $112.9M | ||
| Q3 25 | $402.6M | $367.8M | ||
| Q2 25 | $263.6M | $227.6M | ||
| Q1 25 | $44.1M | $153.5M | ||
| Q4 24 | $75.2M | $392.3M | ||
| Q3 24 | $188.4M | $111.7M | ||
| Q2 24 | $-95.6M | $270.6M |
自由现金流ONCRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $379.8M | $31.9M | ||
| Q3 25 | $354.5M | $271.2M | ||
| Q2 25 | $219.8M | $113.8M | ||
| Q1 25 | $-12.3M | $45.1M | ||
| Q4 24 | $-17.3M | $263.5M | ||
| Q3 24 | $54.7M | $-20.0M | ||
| Q2 24 | $-205.5M | $177.2M |
自由现金流率ONCRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 25.4% | 1.9% | ||
| Q3 25 | 25.1% | 15.2% | ||
| Q2 25 | 16.7% | 6.2% | ||
| Q1 25 | -1.1% | 2.6% | ||
| Q4 24 | -1.5% | 13.7% | ||
| Q3 24 | 5.5% | -1.1% | ||
| Q2 24 | -22.1% | 9.1% |
资本支出强度ONCRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 2.5% | 4.8% | ||
| Q3 25 | 3.4% | 5.4% | ||
| Q2 25 | 3.3% | 6.2% | ||
| Q1 25 | 5.0% | 6.2% | ||
| Q4 24 | 8.2% | 6.7% | ||
| Q3 24 | 13.3% | 7.3% | ||
| Q2 24 | 11.8% | 4.8% |
现金转化率ONCRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 6.28× | 1.75× | ||
| Q3 25 | 3.22× | 5.51× | ||
| Q2 25 | 2.79× | 3.14× | ||
| Q1 25 | 34.71× | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 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
ONC
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% |
