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PPL Corporation（PPL）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
PPL Corporation的季度营收约是RUSH ENTERPRISES INC \TX\的1.4倍（$2.3B vs $1.7B），PPL Corporation净利率更高（11.3% vs 3.7%，领先7.7%），PPL Corporation同比增速更快（7.2% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -6.8%）
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
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。
PPL vs RUSHA — 直观对比
营收规模更大
PPL
是对方的1.4倍
$1.7B
营收增速更快
PPL
高出16.2%
-9.0%
净利率更高
PPL
高出7.7%
3.7%
自由现金流更多
RUSHA
多$1.0B
$-614.0M
两年增速更快
PPL
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.7B |
| 净利润 | $266.0M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 20.3% | 4.9% |
| 净利率 | 11.3% | 3.7% |
| 营收同比 | 7.2% | -9.0% |
| 净利润同比 | 50.3% | 1.8% |
| 每股收益（稀释后） | $0.35 | $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PPLRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $1.9B | $1.9B |
净利润PPLRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $266.0M | $64.3M | ||
| Q3 25 | $318.0M | $66.7M | ||
| Q2 25 | $183.0M | $72.4M | ||
| Q1 25 | $414.0M | $60.3M | ||
| Q4 24 | $177.0M | $74.8M | ||
| Q3 24 | $214.0M | $79.1M | ||
| Q2 24 | $190.0M | $78.7M |
毛利率PPLRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 20.2% |
营业利润率PPLRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 20.3% | 5.5% | ||
| Q3 25 | 25.4% | 5.6% | ||
| Q2 25 | 19.9% | 6.0% | ||
| Q1 25 | 26.6% | 5.2% | ||
| Q4 24 | 17.2% | 5.8% | ||
| Q3 24 | 20.6% | 6.7% | ||
| Q2 24 | 20.8% | 6.4% |
净利率PPLRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 11.3% | 3.8% | ||
| Q3 25 | 14.2% | 3.7% | ||
| Q2 25 | 9.0% | 3.9% | ||
| Q1 25 | 16.3% | 3.4% | ||
| Q4 24 | 8.1% | 3.9% | ||
| Q3 24 | 10.3% | 4.4% | ||
| Q2 24 | 10.1% | 4.1% |
每股收益（稀释后）PPLRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.35 | $0.81 | ||
| Q3 25 | $0.43 | $0.83 | ||
| Q2 25 | $0.25 | $0.90 | ||
| Q1 25 | $0.56 | $0.73 | ||
| Q4 24 | $0.23 | $-95.13 | ||
| Q3 24 | $0.29 | $0.97 | ||
| Q2 24 | $0.26 | $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 | $1.1B | — |
| 总债务越低越好 | $18.9B | $277.8M |
| 股东权益账面价值 | $14.9B | $2.3B |
| 总资产 | $45.2B | $4.5B |
| 负债/权益比越低杠杆越低 | 1.27× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资PPLRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $212.6M | ||
| Q3 25 | $1.1B | $242.0M | ||
| Q2 25 | $294.0M | $211.1M | ||
| Q1 25 | $312.0M | $228.7M | ||
| Q4 24 | $306.0M | $228.1M | ||
| Q3 24 | $542.0M | $185.1M | ||
| Q2 24 | $282.0M | $167.3M |
总债务PPLRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $18.9B | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.5B | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PPLRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $14.9B | $2.2B | ||
| Q3 25 | $14.4B | $2.2B | ||
| Q2 25 | $14.3B | $2.2B | ||
| Q1 25 | $14.3B | $2.2B | ||
| Q4 24 | $14.1B | $2.1B | ||
| Q3 24 | $14.1B | $2.1B | ||
| Q2 24 | $14.1B | $2.0B |
总资产PPLRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $45.2B | $4.4B | ||
| Q3 25 | $43.9B | $4.6B | ||
| Q2 25 | $42.4B | $4.7B | ||
| Q1 25 | $41.8B | $4.7B | ||
| Q4 24 | $41.1B | $4.6B | ||
| Q3 24 | $40.5B | $4.6B | ||
| Q2 24 | $39.8B | $4.5B |
负债/权益比PPLRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 1.27× | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.17× | 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 | $548.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $411.6M |
| 自由现金流率自由现金流/营收 | -26.1% | 24.4% |
| 资本支出强度资本支出/营收 | 49.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.06× | — |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $828.4M |
8季度趋势，按日历期对齐
经营现金流PPLRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $548.0M | $112.9M | ||
| Q3 25 | $966.0M | $367.8M | ||
| Q2 25 | $602.0M | $227.6M | ||
| Q1 25 | $513.0M | $153.5M | ||
| Q4 24 | $511.0M | $392.3M | ||
| Q3 24 | $781.0M | $111.7M | ||
| Q2 24 | $766.0M | $270.6M |
自由现金流PPLRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $-614.0M | $31.9M | ||
| Q3 25 | $-179.0M | $271.2M | ||
| Q2 25 | $-328.0M | $113.8M | ||
| Q1 25 | $-280.0M | $45.1M | ||
| Q4 24 | $-349.0M | $263.5M | ||
| Q3 24 | $102.0M | $-20.0M | ||
| Q2 24 | $96.0M | $177.2M |
自由现金流率PPLRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | -26.1% | 1.9% | ||
| Q3 25 | -8.0% | 15.2% | ||
| Q2 25 | -16.1% | 6.2% | ||
| Q1 25 | -11.0% | 2.6% | ||
| Q4 24 | -15.9% | 13.7% | ||
| Q3 24 | 4.9% | -1.1% | ||
| Q2 24 | 5.1% | 9.1% |
资本支出强度PPLRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 49.5% | 4.8% | ||
| Q3 25 | 51.2% | 5.4% | ||
| Q2 25 | 45.6% | 6.2% | ||
| Q1 25 | 31.2% | 6.2% | ||
| Q4 24 | 39.3% | 6.7% | ||
| Q3 24 | 32.7% | 7.3% | ||
| Q2 24 | 35.8% | 4.8% |
现金转化率PPLRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.06× | 1.75× | ||
| Q3 25 | 3.04× | 5.51× | ||
| Q2 25 | 3.29× | 3.14× | ||
| Q1 25 | 1.24× | 2.55× | ||
| Q4 24 | 2.89× | 5.25× | ||
| Q3 24 | 3.65× | 1.41× | ||
| Q2 24 | 4.03× | 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
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
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% |
