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利氏兄弟拍卖行（RBA）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\的季度营收约是利氏兄弟拍卖行的1.4倍（$1.7B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 3.7%，领先5.5%），利氏兄弟拍卖行同比增速更快（5.4% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs -6.8%）
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
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。
RBA vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.4倍
$1.2B
营收增速更快
RBA
高出14.4%
-9.0%
净利率更高
RBA
高出5.5%
3.7%
自由现金流更多
RUSHA
多$225.1M
$186.5M
两年增速更快
RBA
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $109.7M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 14.7% | 4.9% |
| 净利率 | 9.1% | 3.7% |
| 营收同比 | 5.4% | -9.0% |
| 净利润同比 | -7.4% | 1.8% |
| 每股收益（稀释后） | $0.53 | $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RBARUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $981.8M | $1.8B | ||
| Q2 24 | $1.1B | $1.9B |
净利润RBARUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $109.7M | $64.3M | ||
| Q3 25 | $95.5M | $66.7M | ||
| Q2 25 | $109.8M | $72.4M | ||
| Q1 25 | $113.4M | $60.3M | ||
| Q4 24 | $118.5M | $74.8M | ||
| Q3 24 | $76.1M | $79.1M | ||
| Q2 24 | $111.1M | $78.7M |
毛利率RBARUSHA
| 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RBARUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 14.7% | 5.5% | ||
| Q3 25 | 14.5% | 5.6% | ||
| Q2 25 | 15.9% | 6.0% | ||
| Q1 25 | 17.1% | 5.2% | ||
| Q4 24 | 18.1% | 5.8% | ||
| Q3 24 | 15.6% | 6.7% | ||
| Q2 24 | 18.4% | 6.4% |
净利率RBARUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 9.1% | 3.8% | ||
| Q3 25 | 8.7% | 3.7% | ||
| Q2 25 | 9.3% | 3.9% | ||
| Q1 25 | 10.2% | 3.4% | ||
| Q4 24 | 10.4% | 3.9% | ||
| Q3 24 | 7.8% | 4.4% | ||
| Q2 24 | 10.1% | 4.1% |
每股收益（稀释后）RBARUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.53 | $0.81 | ||
| Q3 25 | $0.43 | $0.83 | ||
| Q2 25 | $0.53 | $0.90 | ||
| Q1 25 | $0.55 | $0.73 | ||
| Q4 24 | $0.58 | $-95.13 | ||
| Q3 24 | $0.36 | $0.97 | ||
| Q2 24 | $0.54 | $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 | $531.5M | — |
| 总债务越低越好 | $2.3B | $277.8M |
| 股东权益账面价值 | $5.6B | $2.3B |
| 总资产 | $12.1B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.42× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资RBARUSHA
| Q1 26 | — | — | ||
| Q4 25 | $531.5M | $212.6M | ||
| Q3 25 | $674.7M | $242.0M | ||
| Q2 25 | $710.2M | $211.1M | ||
| Q1 25 | $578.1M | $228.7M | ||
| Q4 24 | $533.9M | $228.1M | ||
| Q3 24 | $650.7M | $185.1M | ||
| Q2 24 | $599.5M | $167.3M |
总债务RBARUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $2.3B | $274.8M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $408.4M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — |
股东权益RBARUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $5.6B | $2.2B | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.5B | $2.2B | ||
| Q1 25 | $5.3B | $2.2B | ||
| Q4 24 | $5.2B | $2.1B | ||
| Q3 24 | $5.2B | $2.1B | ||
| Q2 24 | $5.2B | $2.0B |
总资产RBARUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $12.1B | $4.4B | ||
| Q3 25 | $12.2B | $4.6B | ||
| Q2 25 | $12.2B | $4.7B | ||
| Q1 25 | $11.9B | $4.7B | ||
| Q4 24 | $11.8B | $4.6B | ||
| Q3 24 | $11.9B | $4.6B | ||
| Q2 24 | $12.1B | $4.5B |
负债/权益比RBARUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 0.42× | 0.12× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.50× | 0.19× | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.55× | — |
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 | $255.2M | — |
| 自由现金流经营现金流 - 资本支出 | $186.5M | $411.6M |
| 自由现金流率自由现金流/营收 | 15.5% | 24.4% |
| 资本支出强度资本支出/营收 | 5.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.33× | — |
| 过去12个月自由现金流最近4个季度 | $719.2M | $828.4M |
8季度趋势，按日历期对齐
经营现金流RBARUSHA
| Q1 26 | — | — | ||
| Q4 25 | $255.2M | $112.9M | ||
| Q3 25 | $239.7M | $367.8M | ||
| Q2 25 | $326.5M | $227.6M | ||
| Q1 25 | $156.8M | $153.5M | ||
| Q4 24 | $184.5M | $392.3M | ||
| Q3 24 | $285.4M | $111.7M | ||
| Q2 24 | $337.3M | $270.6M |
自由现金流RBARUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $186.5M | $31.9M | ||
| Q3 25 | $188.5M | $271.2M | ||
| Q2 25 | $241.7M | $113.8M | ||
| Q1 25 | $102.5M | $45.1M | ||
| Q4 24 | $127.9M | $263.5M | ||
| Q3 24 | $248.5M | $-20.0M | ||
| Q2 24 | $308.6M | $177.2M |
自由现金流率RBARUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 15.5% | 1.9% | ||
| Q3 25 | 17.3% | 15.2% | ||
| Q2 25 | 20.4% | 6.2% | ||
| Q1 25 | 9.2% | 2.6% | ||
| Q4 24 | 11.2% | 13.7% | ||
| Q3 24 | 25.3% | -1.1% | ||
| Q2 24 | 28.2% | 9.1% |
资本支出强度RBARUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 5.7% | 4.8% | ||
| Q3 25 | 4.7% | 5.4% | ||
| Q2 25 | 7.2% | 6.2% | ||
| Q1 25 | 4.9% | 6.2% | ||
| Q4 24 | 5.0% | 6.7% | ||
| Q3 24 | 3.8% | 7.3% | ||
| Q2 24 | 2.6% | 4.8% |
现金转化率RBARUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.33× | 1.75× | ||
| Q3 25 | 2.51× | 5.51× | ||
| Q2 25 | 2.97× | 3.14× | ||
| Q1 25 | 1.38× | 2.55× | ||
| Q4 24 | 1.56× | 5.25× | ||
| Q3 24 | 3.75× | 1.41× | ||
| Q2 24 | 3.04× | 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
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
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% |
