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帕森斯公司（PSN）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\的季度营收约是帕森斯公司的1.1倍（$1.7B vs $1.6B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs 3.5%，领先0.2%），帕森斯公司同比增速更快（-7.5% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $135.6M），过去两年帕森斯公司的营收复合增速更高（2.2% vs -6.8%）
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
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。
PSN vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.1倍
$1.6B
营收增速更快
PSN
高出1.5%
-9.0%
净利率更高
RUSHA
高出0.2%
3.5%
自由现金流更多
RUSHA
多$276.0M
$135.6M
两年增速更快
PSN
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $55.6M | $61.7M |
| 毛利率 | 23.0% | 20.4% |
| 营业利润率 | 6.6% | 4.9% |
| 净利率 | 3.5% | 3.7% |
| 营收同比 | -7.5% | -9.0% |
| 净利润同比 | -72.4% | 1.8% |
| 每股收益（稀释后） | $0.51 | $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PSNRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $1.9B |
净利润PSNRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $55.6M | $64.3M | ||
| Q3 25 | $64.1M | $66.7M | ||
| Q2 25 | $55.2M | $72.4M | ||
| Q1 25 | $66.2M | $60.3M | ||
| Q4 24 | $201.3M | $74.8M | ||
| Q3 24 | $72.0M | $79.1M | ||
| Q2 24 | $69.2M | $78.7M |
毛利率PSNRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 23.0% | 20.8% | ||
| Q3 25 | 22.2% | 21.0% | ||
| Q2 25 | 22.0% | 20.7% | ||
| Q1 25 | 22.8% | 20.3% | ||
| Q4 24 | 21.3% | 19.3% | ||
| Q3 24 | 19.9% | 21.0% | ||
| Q2 24 | 21.0% | 20.2% |
营业利润率PSNRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 6.6% | 5.5% | ||
| Q3 25 | 6.7% | 5.6% | ||
| Q2 25 | 6.0% | 6.0% | ||
| Q1 25 | 7.0% | 5.2% | ||
| Q4 24 | 5.8% | 5.8% | ||
| Q3 24 | 6.4% | 6.7% | ||
| Q2 24 | 6.7% | 6.4% |
净利率PSNRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 3.5% | 3.8% | ||
| Q3 25 | 4.0% | 3.7% | ||
| Q2 25 | 3.5% | 3.9% | ||
| Q1 25 | 4.3% | 3.4% | ||
| Q4 24 | 11.6% | 3.9% | ||
| Q3 24 | 4.0% | 4.4% | ||
| Q2 24 | 4.1% | 4.1% |
每股收益（稀释后）PSNRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.51 | $0.81 | ||
| Q3 25 | $0.59 | $0.83 | ||
| Q2 25 | $0.50 | $0.90 | ||
| Q1 25 | $0.60 | $0.73 | ||
| Q4 24 | $1.85 | $-95.13 | ||
| Q3 24 | $0.65 | $0.97 | ||
| Q2 24 | $0.63 | $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 | $466.4M | — |
| 总债务越低越好 | $1.2B | $277.8M |
| 股东权益账面价值 | $2.6B | $2.3B |
| 总资产 | $5.8B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资PSNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $466.4M | $212.6M | ||
| Q3 25 | $422.6M | $242.0M | ||
| Q2 25 | $411.3M | $211.1M | ||
| Q1 25 | $269.7M | $228.7M | ||
| Q4 24 | $453.5M | $228.1M | ||
| Q3 24 | $558.8M | $185.1M | ||
| Q2 24 | $528.5M | $167.3M |
总债务PSNRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $1.2B | $274.8M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $785.2M | — | ||
| Q4 24 | $784.1M | $408.4M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
股东权益PSNRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.6B | $2.2B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.5B | $2.2B | ||
| Q4 24 | $2.4B | $2.1B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.2B | $2.0B |
总资产PSNRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $5.8B | $4.4B | ||
| Q3 25 | $5.7B | $4.6B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | $5.4B | $4.7B | ||
| Q4 24 | $5.5B | $4.6B | ||
| Q3 24 | $5.4B | $4.6B | ||
| Q2 24 | $5.2B | $4.5B |
负债/权益比PSNRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.47× | 0.12× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | 0.19× | ||
| Q3 24 | 0.49× | — | ||
| Q2 24 | 0.56× | — |
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 | $167.5M | — |
| 自由现金流经营现金流 - 资本支出 | $135.6M | $411.6M |
| 自由现金流率自由现金流/营收 | 8.5% | 24.4% |
| 资本支出强度资本支出/营收 | 2.0% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.01× | — |
| 过去12个月自由现金流最近4个季度 | $410.4M | $828.4M |
8季度趋势，按日历期对齐
经营现金流PSNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $167.5M | $112.9M | ||
| Q3 25 | $162.8M | $367.8M | ||
| Q2 25 | $159.8M | $227.6M | ||
| Q1 25 | $-11.8M | $153.5M | ||
| Q4 24 | $126.8M | $392.3M | ||
| Q3 24 | $299.0M | $111.7M | ||
| Q2 24 | $161.2M | $270.6M |
自由现金流PSNRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $135.6M | $31.9M | ||
| Q3 25 | $149.7M | $271.2M | ||
| Q2 25 | $150.4M | $113.8M | ||
| Q1 25 | $-25.3M | $45.1M | ||
| Q4 24 | $108.0M | $263.5M | ||
| Q3 24 | $287.3M | $-20.0M | ||
| Q2 24 | $152.0M | $177.2M |
自由现金流率PSNRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 8.5% | 1.9% | ||
| Q3 25 | 9.2% | 15.2% | ||
| Q2 25 | 9.5% | 6.2% | ||
| Q1 25 | -1.6% | 2.6% | ||
| Q4 24 | 6.2% | 13.7% | ||
| Q3 24 | 15.9% | -1.1% | ||
| Q2 24 | 9.1% | 9.1% |
资本支出强度PSNRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 2.0% | 4.8% | ||
| Q3 25 | 0.8% | 5.4% | ||
| Q2 25 | 0.6% | 6.2% | ||
| Q1 25 | 0.9% | 6.2% | ||
| Q4 24 | 1.1% | 6.7% | ||
| Q3 24 | 0.6% | 7.3% | ||
| Q2 24 | 0.6% | 4.8% |
现金转化率PSNRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 3.01× | 1.75× | ||
| Q3 25 | 2.54× | 5.51× | ||
| Q2 25 | 2.89× | 3.14× | ||
| Q1 25 | -0.18× | 2.55× | ||
| Q4 24 | 0.63× | 5.25× | ||
| Q3 24 | 4.16× | 1.41× | ||
| Q2 24 | 2.33× | 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
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 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% |
