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潘世奇汽车集团（PAG）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
潘世奇汽车集团的季度营收约是RUSH ENTERPRISES INC \TX\的5.3倍（$8.8B vs $1.7B）。RUSH ENTERPRISES INC \TX\净利率更高（3.8% vs 2.6%，领先1.3%）。潘世奇汽车集团同比增速更快（14.6% vs -12.5%）。RUSH ENTERPRISES INC \TX\自由现金流更多（$31.9M vs $25.1M）。过去两年潘世奇汽车集团的营收复合增速更高（9.0% vs -3.0%）
潘世奇汽车集团（PAG）是总部位于美国密歇根州布卢姆菲尔德希尔斯的交通服务企业，主营汽车与商用卡车经销业务，覆盖美国、加拿大及西欧市场，同时在澳大利亚、新西兰分销商用车、发动机、动力系统及相关配件服务，还持有潘世奇运输解决方案公司28.9%的股份，后者管理超40万辆卡车的车队。
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。
PAG vs RUSHA — 直观对比
营收规模更大
PAG
是对方的5.3倍
$1.7B
营收增速更快
PAG
高出27.1%
-12.5%
净利率更高
RUSHA
高出1.3%
2.6%
自由现金流更多
RUSHA
多$6.8M
$25.1M
两年增速更快
PAG
近两年复合增速
-3.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $1.7B |
| 净利润 | $228.1M | $64.3M |
| 毛利率 | 15.9% | 20.8% |
| 营业利润率 | 3.6% | 5.5% |
| 净利率 | 2.6% | 3.8% |
| 营收同比 | 14.6% | -12.5% |
| 净利润同比 | -3.5% | -13.9% |
| 每股收益（稀释后） | $3.46 | $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PAGRUSHA
| Q4 25 | $8.8B | $1.7B | ||
| Q3 25 | $7.7B | $1.8B | ||
| Q2 25 | $7.7B | $1.8B | ||
| Q1 25 | $7.6B | $1.8B | ||
| Q4 24 | $7.7B | $1.9B | ||
| Q3 24 | $7.6B | $1.8B | ||
| Q2 24 | $7.7B | $1.9B | ||
| Q1 24 | $7.4B | $1.8B |
净利润PAGRUSHA
| Q4 25 | $228.1M | $64.3M | ||
| Q3 25 | $213.0M | $66.7M | ||
| Q2 25 | $250.0M | $72.4M | ||
| Q1 25 | $244.3M | $60.3M | ||
| Q4 24 | $236.4M | $74.8M | ||
| Q3 24 | $226.1M | $79.1M | ||
| Q2 24 | $241.2M | $78.7M | ||
| Q1 24 | $215.2M | $71.6M |
毛利率PAGRUSHA
| Q4 25 | 15.9% | 20.8% | ||
| Q3 25 | 16.2% | 21.0% | ||
| Q2 25 | 16.9% | 20.7% | ||
| Q1 25 | 16.7% | 20.3% | ||
| Q4 24 | 16.3% | 19.3% | ||
| Q3 24 | 16.4% | 21.0% | ||
| Q2 24 | 16.4% | 20.2% | ||
| Q1 24 | 16.7% | 21.9% |
营业利润率PAGRUSHA
| Q4 25 | 3.6% | 5.5% | ||
| Q3 25 | 3.9% | 5.6% | ||
| Q2 25 | 4.5% | 6.0% | ||
| Q1 25 | 4.1% | 5.2% | ||
| Q4 24 | 4.3% | 5.8% | ||
| Q3 24 | 4.2% | 6.7% | ||
| Q2 24 | 4.4% | 6.4% | ||
| Q1 24 | 4.4% | 6.2% |
净利率PAGRUSHA
| Q4 25 | 2.6% | 3.8% | ||
| Q3 25 | 2.8% | 3.7% | ||
| Q2 25 | 3.3% | 3.9% | ||
| Q1 25 | 3.2% | 3.4% | ||
| Q4 24 | 3.1% | 3.9% | ||
| Q3 24 | 3.0% | 4.4% | ||
| Q2 24 | 3.1% | 4.1% | ||
| Q1 24 | 2.9% | 4.0% |
每股收益（稀释后）PAGRUSHA
| Q4 25 | $3.46 | $0.81 | ||
| Q3 25 | $3.23 | $0.83 | ||
| Q2 25 | $3.78 | $0.90 | ||
| Q1 25 | $3.66 | $0.73 | ||
| Q4 24 | $3.53 | $-95.13 | ||
| Q3 24 | $3.39 | $0.97 | ||
| Q2 24 | $3.61 | $97.00 | ||
| Q1 24 | $3.21 | $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 | $64.7M | $212.6M |
| 总债务越低越好 | $2.2B | $274.8M |
| 股东权益账面价值 | $5.6B | $2.2B |
| 总资产 | $17.6B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资PAGRUSHA
| Q4 25 | $64.7M | $212.6M | ||
| Q3 25 | $80.3M | $242.0M | ||
| Q2 25 | $155.3M | $211.1M | ||
| Q1 25 | $118.4M | $228.7M | ||
| Q4 24 | $72.4M | $228.1M | ||
| Q3 24 | $91.9M | $185.1M | ||
| Q2 24 | $115.1M | $167.3M | ||
| Q1 24 | $116.9M | $155.9M |
总债务PAGRUSHA
| Q4 25 | $2.2B | $274.8M | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.9B | $408.4M | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.7B | — |
股东权益PAGRUSHA
| Q4 25 | $5.6B | $2.2B | ||
| Q3 25 | $5.7B | $2.2B | ||
| Q2 25 | $5.6B | $2.2B | ||
| Q1 25 | $5.4B | $2.2B | ||
| Q4 24 | $5.2B | $2.1B | ||
| Q3 24 | $5.2B | $2.1B | ||
| Q2 24 | $5.0B | $2.0B | ||
| Q1 24 | $4.8B | $1.9B |
总资产PAGRUSHA
| Q4 25 | $17.6B | $4.4B | ||
| Q3 25 | $17.1B | $4.6B | ||
| Q2 25 | $17.4B | $4.7B | ||
| Q1 25 | $16.9B | $4.7B | ||
| Q4 24 | $16.7B | $4.6B | ||
| Q3 24 | $17.1B | $4.6B | ||
| Q2 24 | $16.6B | $4.5B | ||
| Q1 24 | $16.1B | $4.6B |
负债/权益比PAGRUSHA
| Q4 25 | 0.39× | 0.12× | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.36× | 0.19× | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.35× | — |
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 | $123.2M | $112.9M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $31.9M |
| 自由现金流率自由现金流/营收 | 0.3% | 1.9% |
| 资本支出强度资本支出/营收 | 1.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 0.54× | 1.75× |
| 过去12个月自由现金流最近4个季度 | $650.5M | $462.0M |
8季度趋势，按日历期对齐
经营现金流PAGRUSHA
| Q4 25 | $123.2M | $112.9M | ||
| Q3 25 | $379.5M | $367.8M | ||
| Q2 25 | $189.7M | $227.6M | ||
| Q1 25 | $282.7M | $153.5M | ||
| Q4 24 | $217.7M | $392.3M | ||
| Q3 24 | $271.0M | $111.7M | ||
| Q2 24 | $235.1M | $270.6M | ||
| Q1 24 | $456.0M | $-155.1M |
自由现金流PAGRUSHA
| Q4 25 | $25.1M | $31.9M | ||
| Q3 25 | $300.4M | $271.2M | ||
| Q2 25 | $118.9M | $113.8M | ||
| Q1 25 | $206.1M | $45.1M | ||
| Q4 24 | $131.6M | $263.5M | ||
| Q3 24 | $190.1M | $-20.0M | ||
| Q2 24 | $135.9M | $177.2M | ||
| Q1 24 | $353.5M | $-234.2M |
自由现金流率PAGRUSHA
| Q4 25 | 0.3% | 1.9% | ||
| Q3 25 | 3.9% | 15.2% | ||
| Q2 25 | 1.6% | 6.2% | ||
| Q1 25 | 2.7% | 2.6% | ||
| Q4 24 | 1.7% | 13.7% | ||
| Q3 24 | 2.5% | -1.1% | ||
| Q2 24 | 1.8% | 9.1% | ||
| Q1 24 | 4.7% | -13.1% |
资本支出强度PAGRUSHA
| Q4 25 | 1.1% | 4.8% | ||
| Q3 25 | 1.0% | 5.4% | ||
| Q2 25 | 0.9% | 6.2% | ||
| Q1 25 | 1.0% | 6.2% | ||
| Q4 24 | 1.1% | 6.7% | ||
| Q3 24 | 1.1% | 7.3% | ||
| Q2 24 | 1.3% | 4.8% | ||
| Q1 24 | 1.4% | 4.4% |
现金转化率PAGRUSHA
| Q4 25 | 0.54× | 1.75× | ||
| Q3 25 | 1.78× | 5.51× | ||
| Q2 25 | 0.76× | 3.14× | ||
| Q1 25 | 1.16× | 2.55× | ||
| Q4 24 | 0.92× | 5.25× | ||
| Q3 24 | 1.20× | 1.41× | ||
| Q2 24 | 0.97× | 3.44× | ||
| Q1 24 | 2.12× | -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
PAG
| New Vehicle | $3.9B | 44% |
| Used Vehicle | $2.3B | 26% |
| Service And Parts | $953.6M | 11% |
| Retail Commercial Truck Dealership Segment | $725.4M | 8% |
| Other | $414.5M | 5% |
| Commercial Vehicle Distribution And Other | $303.3M | 3% |
| Finance And Insurance Net | $221.9M | 3% |
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% |
