vs
北极星（PII）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\的季度营收约是北极星的1.0倍（$1.7B vs $1.7B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -2.8%，领先6.5%），北极星同比增速更快（8.0% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-342.5M），过去两年RUSH ENTERPRISES INC \TX\的营收复合增速更高（-6.8% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
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。
PII 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
PII
高出17.0%
-9.0%
净利率更高
RUSHA
高出6.5%
-2.8%
自由现金流更多
RUSHA
多$754.1M
$-342.5M
两年增速更快
RUSHA
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $-47.2M | $61.7M |
| 毛利率 | 20.2% | 20.4% |
| 营业利润率 | 76.5% | 4.9% |
| 净利率 | -2.8% | 3.7% |
| 营收同比 | 8.0% | -9.0% |
| 净利润同比 | 29.0% | 1.8% |
| 每股收益（稀释后） | $-0.83 | $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PIIRUSHA
| Q1 26 | $1.7B | $1.7B | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $2.0B | $1.9B |
净利润PIIRUSHA
| Q1 26 | $-47.2M | $61.7M | ||
| Q4 25 | $-303.6M | $64.3M | ||
| Q3 25 | $-15.8M | $66.7M | ||
| Q2 25 | $-79.3M | $72.4M | ||
| Q1 25 | $-66.8M | $60.3M | ||
| Q4 24 | $10.6M | $74.8M | ||
| Q3 24 | $27.7M | $79.1M | ||
| Q2 24 | $68.7M | $78.7M |
毛利率PIIRUSHA
| Q1 26 | 20.2% | 20.4% | ||
| Q4 25 | 20.0% | 20.8% | ||
| Q3 25 | 20.7% | 21.0% | ||
| Q2 25 | 19.4% | 20.7% | ||
| Q1 25 | 16.0% | 20.3% | ||
| Q4 24 | 20.4% | 19.3% | ||
| Q3 24 | 20.6% | 21.0% | ||
| Q2 24 | 21.6% | 20.2% |
营业利润率PIIRUSHA
| Q1 26 | 76.5% | 4.9% | ||
| Q4 25 | -16.7% | 5.5% | ||
| Q3 25 | 1.1% | 5.6% | ||
| Q2 25 | -0.7% | 6.0% | ||
| Q1 25 | -2.4% | 5.2% | ||
| Q4 24 | 3.7% | 5.8% | ||
| Q3 24 | 3.8% | 6.7% | ||
| Q2 24 | 6.1% | 6.4% |
净利率PIIRUSHA
| Q1 26 | -2.8% | 3.7% | ||
| Q4 25 | -15.8% | 3.8% | ||
| Q3 25 | -0.9% | 3.7% | ||
| Q2 25 | -4.3% | 3.9% | ||
| Q1 25 | -4.3% | 3.4% | ||
| Q4 24 | 0.6% | 3.9% | ||
| Q3 24 | 1.6% | 4.4% | ||
| Q2 24 | 3.5% | 4.1% |
每股收益（稀释后）PIIRUSHA
| Q1 26 | $-0.83 | $0.77 | ||
| Q4 25 | $-5.34 | $0.81 | ||
| Q3 25 | $-0.28 | $0.83 | ||
| Q2 25 | $-1.39 | $0.90 | ||
| Q1 25 | $-1.17 | $0.73 | ||
| Q4 24 | $0.18 | $-95.13 | ||
| Q3 24 | $0.49 | $0.97 | ||
| Q2 24 | $1.21 | $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 | $282.0M | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $750.4M | $2.3B |
| 总资产 | $5.2B | $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PIIRUSHA
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $212.6M | ||
| Q3 25 | $335.5M | $242.0M | ||
| Q2 25 | $324.3M | $211.1M | ||
| Q1 25 | $291.7M | $228.7M | ||
| Q4 24 | $287.8M | $228.1M | ||
| Q3 24 | $291.3M | $185.1M | ||
| Q2 24 | $322.7M | $167.3M |
总债务PIIRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $1.5B | $274.8M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $408.4M | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIIRUSHA
| Q1 26 | $750.4M | $2.3B | ||
| Q4 25 | $828.4M | $2.2B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.0B |
总资产PIIRUSHA
| Q1 26 | $5.2B | $4.5B | ||
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $5.3B | $4.6B | ||
| Q2 25 | $5.4B | $4.7B | ||
| Q1 25 | $5.5B | $4.7B | ||
| Q4 24 | $5.5B | $4.6B | ||
| Q3 24 | $5.6B | $4.6B | ||
| Q2 24 | $5.7B | $4.5B |
负债/权益比PIIRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 1.82× | 0.12× | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | 0.19× | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $411.6M |
| 自由现金流率自由现金流/营收 | -20.6% | 24.4% |
| 资本支出强度资本支出/营收 | — | 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 | $168.0M | $828.4M |
8季度趋势，按日历期对齐
经营现金流PIIRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $112.9M | ||
| Q3 25 | $158.8M | $367.8M | ||
| Q2 25 | $320.3M | $227.6M | ||
| Q1 25 | $83.2M | $153.5M | ||
| Q4 24 | $206.3M | $392.3M | ||
| Q3 24 | $21.0M | $111.7M | ||
| Q2 24 | $146.3M | $270.6M |
自由现金流PIIRUSHA
| Q1 26 | $-342.5M | $411.6M | ||
| Q4 25 | $114.0M | $31.9M | ||
| Q3 25 | $116.7M | $271.2M | ||
| Q2 25 | $279.8M | $113.8M | ||
| Q1 25 | $47.6M | $45.1M | ||
| Q4 24 | $137.3M | $263.5M | ||
| Q3 24 | $-32.4M | $-20.0M | ||
| Q2 24 | $79.1M | $177.2M |
自由现金流率PIIRUSHA
| Q1 26 | -20.6% | 24.4% | ||
| Q4 25 | 5.9% | 1.9% | ||
| Q3 25 | 6.3% | 15.2% | ||
| Q2 25 | 15.1% | 6.2% | ||
| Q1 25 | 3.1% | 2.6% | ||
| Q4 24 | 7.8% | 13.7% | ||
| Q3 24 | -1.9% | -1.1% | ||
| Q2 24 | 4.0% | 9.1% |
资本支出强度PIIRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 3.4% | 4.8% | ||
| Q3 25 | 2.3% | 5.4% | ||
| Q2 25 | 2.2% | 6.2% | ||
| Q1 25 | 2.3% | 6.2% | ||
| Q4 24 | 3.9% | 6.7% | ||
| Q3 24 | 3.1% | 7.3% | ||
| Q2 24 | 3.4% | 4.8% |
现金转化率PIIRUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | 19.46× | 5.25× | ||
| Q3 24 | 0.76× | 1.41× | ||
| Q2 24 | 2.13× | 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
PII
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% |
