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豪士科（OSK）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
豪士科的季度营收约是RUSH ENTERPRISES INC \TX\的1.6倍（$2.7B vs $1.7B），豪士科净利率更高（5.0% vs 3.7%，领先1.3%），豪士科同比增速更快（3.5% vs -9.0%），豪士科自由现金流更多（$540.3M vs $411.6M），过去两年豪士科的营收复合增速更高（2.8% vs -6.8%）
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
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。
OSK vs RUSHA — 直观对比
营收规模更大
OSK
是对方的1.6倍
$1.7B
营收增速更快
OSK
高出12.5%
-9.0%
净利率更高
OSK
高出1.3%
3.7%
自由现金流更多
OSK
多$128.7M
$411.6M
两年增速更快
OSK
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.7B |
| 净利润 | $133.8M | $61.7M |
| 毛利率 | 15.8% | 20.4% |
| 营业利润率 | 7.9% | 4.9% |
| 净利率 | 5.0% | 3.7% |
| 营收同比 | 3.5% | -9.0% |
| 净利润同比 | -12.6% | 1.8% |
| 每股收益（稀释后） | — | $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OSKRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.9B |
净利润OSKRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $133.8M | $64.3M | ||
| Q3 25 | $196.2M | $66.7M | ||
| Q2 25 | $204.8M | $72.4M | ||
| Q1 25 | $112.2M | $60.3M | ||
| Q4 24 | $153.1M | $74.8M | ||
| Q3 24 | $180.3M | $79.1M | ||
| Q2 24 | $168.6M | $78.7M |
毛利率OSKRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 15.8% | 20.8% | ||
| Q3 25 | 17.5% | 21.0% | ||
| Q2 25 | 19.2% | 20.7% | ||
| Q1 25 | 17.3% | 20.3% | ||
| Q4 24 | 17.2% | 19.3% | ||
| Q3 24 | 18.5% | 21.0% | ||
| Q2 24 | 19.2% | 20.2% |
营业利润率OSKRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 7.9% | 5.5% | ||
| Q3 25 | 9.7% | 5.6% | ||
| Q2 25 | 10.7% | 6.0% | ||
| Q1 25 | 7.6% | 5.2% | ||
| Q4 24 | 8.6% | 5.8% | ||
| Q3 24 | 9.7% | 6.7% | ||
| Q2 24 | 9.2% | 6.4% |
净利率OSKRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 5.0% | 3.8% | ||
| Q3 25 | 7.3% | 3.7% | ||
| Q2 25 | 7.5% | 3.9% | ||
| Q1 25 | 4.9% | 3.4% | ||
| Q4 24 | 5.9% | 3.9% | ||
| Q3 24 | 6.6% | 4.4% | ||
| Q2 24 | 5.9% | 4.1% |
每股收益（稀释后）OSKRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | — | $0.90 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | — | $-95.13 | ||
| Q3 24 | — | $0.97 | ||
| Q2 24 | — | $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 | $479.8M | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $4.5B | $2.3B |
| 总资产 | $10.1B | $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OSKRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $479.8M | $212.6M | ||
| Q3 25 | $211.8M | $242.0M | ||
| Q2 25 | $191.7M | $211.1M | ||
| Q1 25 | $210.3M | $228.7M | ||
| Q4 24 | $204.9M | $228.1M | ||
| Q3 24 | $160.9M | $185.1M | ||
| Q2 24 | $141.4M | $167.3M |
总债务OSKRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | $602.3M | — | ||
| Q2 24 | $599.1M | — |
股东权益OSKRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $4.5B | $2.2B | ||
| Q3 25 | $4.5B | $2.2B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.2B | $2.2B | ||
| Q4 24 | $4.2B | $2.1B | ||
| Q3 24 | $4.1B | $2.1B | ||
| Q2 24 | $3.9B | $2.0B |
总资产OSKRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $10.1B | $4.4B | ||
| Q3 25 | $9.8B | $4.6B | ||
| Q2 25 | $10.0B | $4.7B | ||
| Q1 25 | $9.8B | $4.7B | ||
| Q4 24 | $9.4B | $4.6B | ||
| Q3 24 | $9.9B | $4.6B | ||
| Q2 24 | $9.7B | $4.5B |
负债/权益比OSKRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.15× | — |
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 | $600.1M | — |
| 自由现金流经营现金流 - 资本支出 | $540.3M | $411.6M |
| 自由现金流率自由现金流/营收 | 20.1% | 24.4% |
| 资本支出强度资本支出/营收 | 2.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 4.49× | — |
| 过去12个月自由现金流最近4个季度 | $618.0M | $828.4M |
8季度趋势，按日历期对齐
经营现金流OSKRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $600.1M | $112.9M | ||
| Q3 25 | $489.0M | $367.8M | ||
| Q2 25 | $89.2M | $227.6M | ||
| Q1 25 | $-394.9M | $153.5M | ||
| Q4 24 | $790.8M | $392.3M | ||
| Q3 24 | $326.1M | $111.7M | ||
| Q2 24 | $-211.0M | $270.6M |
自由现金流OSKRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $540.3M | $31.9M | ||
| Q3 25 | $464.3M | $271.2M | ||
| Q2 25 | $48.6M | $113.8M | ||
| Q1 25 | $-435.2M | $45.1M | ||
| Q4 24 | $703.3M | $263.5M | ||
| Q3 24 | $272.2M | $-20.0M | ||
| Q2 24 | $-250.5M | $177.2M |
自由现金流率OSKRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 20.1% | 1.9% | ||
| Q3 25 | 17.3% | 15.2% | ||
| Q2 25 | 1.8% | 6.2% | ||
| Q1 25 | -18.8% | 2.6% | ||
| Q4 24 | 27.1% | 13.7% | ||
| Q3 24 | 9.9% | -1.1% | ||
| Q2 24 | -8.8% | 9.1% |
资本支出强度OSKRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 2.2% | 4.8% | ||
| Q3 25 | 0.9% | 5.4% | ||
| Q2 25 | 1.5% | 6.2% | ||
| Q1 25 | 1.7% | 6.2% | ||
| Q4 24 | 3.4% | 6.7% | ||
| Q3 24 | 2.0% | 7.3% | ||
| Q2 24 | 1.4% | 4.8% |
现金转化率OSKRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 4.49× | 1.75× | ||
| Q3 25 | 2.49× | 5.51× | ||
| Q2 25 | 0.44× | 3.14× | ||
| Q1 25 | -3.52× | 2.55× | ||
| Q4 24 | 5.17× | 5.25× | ||
| Q3 24 | 1.81× | 1.41× | ||
| Q2 24 | -1.25× | 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
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 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% |
