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RUSH ENTERPRISES INC \TX\（RUSHA）与RXO, Inc.（RXO）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RXO, Inc.的1.1倍（$1.7B vs $1.5B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -3.1%，领先6.8%），RUSH ENTERPRISES INC \TX\同比增速更快（-9.0% vs -11.9%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs -6.8%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
RUSHA vs RXO — 直观对比
营收规模更大
RUSHA
是对方的1.1倍
$1.5B
营收增速更快
RUSHA
高出2.9%
-11.9%
净利率更高
RUSHA
高出6.8%
-3.1%
自由现金流更多
RUSHA
多$420.6M
$-9.0M
两年增速更快
RXO
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.5B |
| 净利润 | $61.7M | $-46.0M |
| 毛利率 | 20.4% | — |
| 营业利润率 | 4.9% | -2.9% |
| 净利率 | 3.7% | -3.1% |
| 营收同比 | -9.0% | -11.9% |
| 净利润同比 | 1.8% | -84.0% |
| 每股收益（稀释后） | $0.77 | $-0.28 |
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RUSHARXO
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.9B | $930.0M |
净利润RUSHARXO
| Q1 26 | $61.7M | — | ||
| Q4 25 | $64.3M | $-46.0M | ||
| Q3 25 | $66.7M | $-14.0M | ||
| Q2 25 | $72.4M | $-9.0M | ||
| Q1 25 | $60.3M | $-31.0M | ||
| Q4 24 | $74.8M | $-25.0M | ||
| Q3 24 | $79.1M | $-243.0M | ||
| Q2 24 | $78.7M | $-7.0M |
毛利率RUSHARXO
| 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RUSHARXO
| Q1 26 | 4.9% | — | ||
| Q4 25 | 5.5% | -2.9% | ||
| Q3 25 | 5.6% | -0.5% | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 5.2% | -2.1% | ||
| Q4 24 | 5.8% | -1.4% | ||
| Q3 24 | 6.7% | -1.9% | ||
| Q2 24 | 6.4% | — |
净利率RUSHARXO
| Q1 26 | 3.7% | — | ||
| Q4 25 | 3.8% | -3.1% | ||
| Q3 25 | 3.7% | -1.0% | ||
| Q2 25 | 3.9% | -0.6% | ||
| Q1 25 | 3.4% | -2.2% | ||
| Q4 24 | 3.9% | -1.5% | ||
| Q3 24 | 4.4% | -23.4% | ||
| Q2 24 | 4.1% | -0.8% |
每股收益（稀释后）RUSHARXO
| Q1 26 | $0.77 | — | ||
| Q4 25 | $0.81 | $-0.28 | ||
| Q3 25 | $0.83 | $-0.08 | ||
| Q2 25 | $0.90 | $-0.05 | ||
| Q1 25 | $0.73 | $-0.18 | ||
| Q4 24 | $-95.13 | $-0.17 | ||
| Q3 24 | $0.97 | $-1.81 | ||
| Q2 24 | $97.00 | $-0.06 |
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 | — | $17.0M |
| 总债务越低越好 | $277.8M | $387.0M |
| 股东权益账面价值 | $2.3B | $1.5B |
| 总资产 | $4.5B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资RUSHARXO
| Q1 26 | — | — | ||
| Q4 25 | $212.6M | $17.0M | ||
| Q3 25 | $242.0M | $25.0M | ||
| Q2 25 | $211.1M | $18.0M | ||
| Q1 25 | $228.7M | $16.0M | ||
| Q4 24 | $228.1M | $35.0M | ||
| Q3 24 | $185.1M | $55.0M | ||
| Q2 24 | $167.3M | $7.0M |
总债务RUSHARXO
| Q1 26 | $277.8M | — | ||
| Q4 25 | $274.8M | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | $408.4M | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M |
股东权益RUSHARXO
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.0B | $579.0M |
总资产RUSHARXO
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.4B | $3.3B | ||
| Q3 25 | $4.6B | $3.2B | ||
| Q2 25 | $4.7B | $3.2B | ||
| Q1 25 | $4.7B | $3.3B | ||
| Q4 24 | $4.6B | $3.4B | ||
| Q3 24 | $4.6B | $3.4B | ||
| Q2 24 | $4.5B | $1.8B |
负债/权益比RUSHARXO
| Q1 26 | 0.12× | — | ||
| Q4 25 | 0.12× | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.19× | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× |
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 | — | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $411.6M | $-9.0M |
| 自由现金流率自由现金流/营收 | 24.4% | -0.6% |
| 资本支出强度资本支出/营收 | 2.0% | 1.1% |
| 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 | $828.4M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流RUSHARXO
| Q1 26 | — | — | ||
| Q4 25 | $112.9M | $7.0M | ||
| Q3 25 | $367.8M | $23.0M | ||
| Q2 25 | $227.6M | $23.0M | ||
| Q1 25 | $153.5M | $-2.0M | ||
| Q4 24 | $392.3M | $-7.0M | ||
| Q3 24 | $111.7M | $-7.0M | ||
| Q2 24 | $270.6M | $-5.0M |
自由现金流RUSHARXO
| Q1 26 | $411.6M | — | ||
| Q4 25 | $31.9M | $-9.0M | ||
| Q3 25 | $271.2M | $9.0M | ||
| Q2 25 | $113.8M | $9.0M | ||
| Q1 25 | $45.1M | $-17.0M | ||
| Q4 24 | $263.5M | $-19.0M | ||
| Q3 24 | $-20.0M | $-18.0M | ||
| Q2 24 | $177.2M | $-16.0M |
自由现金流率RUSHARXO
| Q1 26 | 24.4% | — | ||
| Q4 25 | 1.9% | -0.6% | ||
| Q3 25 | 15.2% | 0.6% | ||
| Q2 25 | 6.2% | 0.6% | ||
| Q1 25 | 2.6% | -1.2% | ||
| Q4 24 | 13.7% | -1.1% | ||
| Q3 24 | -1.1% | -1.7% | ||
| Q2 24 | 9.1% | -1.7% |
资本支出强度RUSHARXO
| Q1 26 | 2.0% | — | ||
| Q4 25 | 4.8% | 1.1% | ||
| Q3 25 | 5.4% | 1.0% | ||
| Q2 25 | 6.2% | 1.0% | ||
| Q1 25 | 6.2% | 1.0% | ||
| Q4 24 | 6.7% | 0.7% | ||
| Q3 24 | 7.3% | 1.1% | ||
| Q2 24 | 4.8% | 1.2% |
现金转化率RUSHARXO
| Q1 26 | — | — | ||
| Q4 25 | 1.75× | — | ||
| Q3 25 | 5.51× | — | ||
| Q2 25 | 3.14× | — | ||
| Q1 25 | 2.55× | — | ||
| Q4 24 | 5.25× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 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
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
