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RUSH ENTERPRISES INC \TX\（RUSHA）与SONIC AUTOMOTIVE INC（SAH）财务数据对比。点击上方公司名可切换其他公司
SONIC AUTOMOTIVE INC的季度营收约是RUSH ENTERPRISES INC \TX\的2.3倍（$3.9B vs $1.7B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs 1.2%，领先2.5%），SONIC AUTOMOTIVE INC同比增速更快（-0.6% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-195.6M），过去两年SONIC AUTOMOTIVE INC的营收复合增速更高（7.0% 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。
Sonic Automotive是财富世界500强企业，总部位于北卡罗来纳州夏洛特，按营收计算是美国第五大汽车零售商。公司由O·布鲁顿·史密斯创立，1997年在纽约证券交易所完成首次公开募股。
RUSHA vs SAH — 直观对比
营收规模更大
SAH
是对方的2.3倍
$1.7B
营收增速更快
SAH
高出8.4%
-9.0%
净利率更高
RUSHA
高出2.5%
1.2%
自由现金流更多
RUSHA
多$607.2M
$-195.6M
两年增速更快
SAH
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.9B |
| 净利润 | $61.7M | $46.9M |
| 毛利率 | 20.4% | 15.5% |
| 营业利润率 | 4.9% | 3.2% |
| 净利率 | 3.7% | 1.2% |
| 营收同比 | -9.0% | -0.6% |
| 净利润同比 | 1.8% | -20.0% |
| 每股收益（稀释后） | $0.77 | $1.39 |
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RUSHASAH
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $3.9B | ||
| Q3 25 | $1.8B | $4.0B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.9B | $3.9B | ||
| Q3 24 | $1.8B | $3.5B | ||
| Q2 24 | $1.9B | $3.5B |
净利润RUSHASAH
| Q1 26 | $61.7M | — | ||
| Q4 25 | $64.3M | $46.9M | ||
| Q3 25 | $66.7M | $46.8M | ||
| Q2 25 | $72.4M | $-45.6M | ||
| Q1 25 | $60.3M | $70.6M | ||
| Q4 24 | $74.8M | $58.6M | ||
| Q3 24 | $79.1M | $74.2M | ||
| Q2 24 | $78.7M | $41.2M |
毛利率RUSHASAH
| Q1 26 | 20.4% | — | ||
| Q4 25 | 20.8% | 15.5% | ||
| Q3 25 | 21.0% | 15.5% | ||
| Q2 25 | 20.7% | 16.5% | ||
| Q1 25 | 20.3% | 15.5% | ||
| Q4 24 | 19.3% | 14.7% | ||
| Q3 24 | 21.0% | 15.6% | ||
| Q2 24 | 20.2% | 15.6% |
营业利润率RUSHASAH
| Q1 26 | 4.9% | — | ||
| Q4 25 | 5.5% | 3.2% | ||
| Q3 25 | 5.6% | 3.1% | ||
| Q2 25 | 6.0% | -0.6% | ||
| Q1 25 | 5.2% | 4.0% | ||
| Q4 24 | 5.8% | 3.4% | ||
| Q3 24 | 6.7% | 3.3% | ||
| Q2 24 | 6.4% | 3.1% |
净利率RUSHASAH
| Q1 26 | 3.7% | — | ||
| Q4 25 | 3.8% | 1.2% | ||
| Q3 25 | 3.7% | 1.2% | ||
| Q2 25 | 3.9% | -1.2% | ||
| Q1 25 | 3.4% | 1.9% | ||
| Q4 24 | 3.9% | 1.5% | ||
| Q3 24 | 4.4% | 2.1% | ||
| Q2 24 | 4.1% | 1.2% |
每股收益（稀释后）RUSHASAH
| Q1 26 | $0.77 | — | ||
| Q4 25 | $0.81 | $1.39 | ||
| Q3 25 | $0.83 | $1.33 | ||
| Q2 25 | $0.90 | $-1.34 | ||
| Q1 25 | $0.73 | $2.04 | ||
| Q4 24 | $-95.13 | $1.67 | ||
| Q3 24 | $0.97 | $2.13 | ||
| Q2 24 | $97.00 | $1.18 |
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 | — | $6.3M |
| 总债务越低越好 | $277.8M | $1.6B |
| 股东权益账面价值 | $2.3B | $1.1B |
| 总资产 | $4.5B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.12× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资RUSHASAH
| Q1 26 | — | — | ||
| Q4 25 | $212.6M | $6.3M | ||
| Q3 25 | $242.0M | $89.4M | ||
| Q2 25 | $211.1M | $110.4M | ||
| Q1 25 | $228.7M | $64.6M | ||
| Q4 24 | $228.1M | $44.0M | ||
| Q3 24 | $185.1M | $17.6M | ||
| Q2 24 | $167.3M | $67.2M |
总债务RUSHASAH
| Q1 26 | $277.8M | — | ||
| Q4 25 | $274.8M | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $408.4M | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
股东权益RUSHASAH
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.0B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $2.0B | $944.7M |
总资产RUSHASAH
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.4B | $6.0B | ||
| Q3 25 | $4.6B | $6.0B | ||
| Q2 25 | $4.7B | $5.9B | ||
| Q1 25 | $4.7B | $5.9B | ||
| Q4 24 | $4.6B | $5.9B | ||
| Q3 24 | $4.6B | $5.8B | ||
| Q2 24 | $4.5B | $5.8B |
负债/权益比RUSHASAH
| Q1 26 | 0.12× | — | ||
| Q4 25 | 0.12× | 1.51× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 0.19× | 1.49× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.81× |
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 | — | $66.9M |
| 自由现金流经营现金流 - 资本支出 | $411.6M | $-195.6M |
| 自由现金流率自由现金流/营收 | 24.4% | -5.1% |
| 资本支出强度资本支出/营收 | 2.0% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 1.43× |
| 过去12个月自由现金流最近4个季度 | $828.4M | $192.3M |
8季度趋势，按日历期对齐
经营现金流RUSHASAH
| Q1 26 | — | — | ||
| Q4 25 | $112.9M | $66.9M | ||
| Q3 25 | $367.8M | $167.9M | ||
| Q2 25 | $227.6M | $136.8M | ||
| Q1 25 | $153.5M | $195.8M | ||
| Q4 24 | $392.3M | $87.7M | ||
| Q3 24 | $111.7M | $87.8M | ||
| Q2 24 | $270.6M | $-136.4M |
自由现金流RUSHASAH
| Q1 26 | $411.6M | — | ||
| Q4 25 | $31.9M | $-195.6M | ||
| Q3 25 | $271.2M | $134.4M | ||
| Q2 25 | $113.8M | $102.7M | ||
| Q1 25 | $45.1M | $150.8M | ||
| Q4 24 | $263.5M | $-245.5M | ||
| Q3 24 | $-20.0M | $34.5M | ||
| Q2 24 | $177.2M | $-185.2M |
自由现金流率RUSHASAH
| Q1 26 | 24.4% | — | ||
| Q4 25 | 1.9% | -5.1% | ||
| Q3 25 | 15.2% | 3.4% | ||
| Q2 25 | 6.2% | 2.8% | ||
| Q1 25 | 2.6% | 4.1% | ||
| Q4 24 | 13.7% | -6.3% | ||
| Q3 24 | -1.1% | 1.0% | ||
| Q2 24 | 9.1% | -5.4% |
资本支出强度RUSHASAH
| Q1 26 | 2.0% | — | ||
| Q4 25 | 4.8% | 6.8% | ||
| Q3 25 | 5.4% | 0.8% | ||
| Q2 25 | 6.2% | 0.9% | ||
| Q1 25 | 6.2% | 1.2% | ||
| Q4 24 | 6.7% | 8.6% | ||
| Q3 24 | 7.3% | 1.5% | ||
| Q2 24 | 4.8% | 1.4% |
现金转化率RUSHASAH
| Q1 26 | — | — | ||
| Q4 25 | 1.75× | 1.43× | ||
| Q3 25 | 5.51× | 3.59× | ||
| Q2 25 | 3.14× | — | ||
| Q1 25 | 2.55× | 2.77× | ||
| Q4 24 | 5.25× | 1.50× | ||
| Q3 24 | 1.41× | 1.18× | ||
| Q2 24 | 3.44× | -3.31× |
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% |
SAH
| Retail New Vehicles | $1.9B | 48% |
| Other | $1.2B | 31% |
| Parts Serviceand Collision Repair | $515.2M | 13% |
| Finance Insurance And Other Net | $202.2M | 5% |
| Wholesale Vehicles | $63.9M | 2% |
| Fleet New Vehicles | $24.0M | 1% |
