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RUSH ENTERPRISES INC \TX\（RUSHA）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
RUSH ENTERPRISES INC \TX\的季度营收约是思佳讯的1.6倍（$1.7B vs $1.0B），思佳讯净利率更高（7.6% vs 3.7%，领先4.0%），思佳讯同比增速更快（8.6% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $339.0M），过去两年思佳讯的营收复合增速更高（-0.5% 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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
RUSHA vs SWKS — 直观对比
营收规模更大
RUSHA
是对方的1.6倍
$1.0B
营收增速更快
SWKS
高出17.6%
-9.0%
净利率更高
SWKS
高出4.0%
3.7%
自由现金流更多
RUSHA
多$72.6M
$339.0M
两年增速更快
SWKS
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.0B |
| 净利润 | $61.7M | $79.2M |
| 毛利率 | 20.4% | 41.3% |
| 营业利润率 | 4.9% | 10.0% |
| 净利率 | 3.7% | 7.6% |
| 营收同比 | -9.0% | 8.6% |
| 净利润同比 | 1.8% | 15.3% |
| 每股收益（稀释后） | $0.77 | $0.53 |
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RUSHASWKS
| Q1 26 | $1.7B | $1.0B | ||
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | $965.0M | ||
| Q1 25 | $1.8B | $953.2M | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.9B | $905.5M |
净利润RUSHASWKS
| Q1 26 | $61.7M | $79.2M | ||
| Q4 25 | $64.3M | $141.4M | ||
| Q3 25 | $66.7M | — | ||
| Q2 25 | $72.4M | $105.0M | ||
| Q1 25 | $60.3M | $68.7M | ||
| Q4 24 | $74.8M | $162.0M | ||
| Q3 24 | $79.1M | $60.5M | ||
| Q2 24 | $78.7M | $120.9M |
毛利率RUSHASWKS
| Q1 26 | 20.4% | 41.3% | ||
| Q4 25 | 20.8% | 40.7% | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 20.7% | 41.6% | ||
| Q1 25 | 20.3% | 41.1% | ||
| Q4 24 | 19.3% | 41.4% | ||
| Q3 24 | 21.0% | 41.9% | ||
| Q2 24 | 20.2% | 40.2% |
营业利润率RUSHASWKS
| Q1 26 | 4.9% | 10.0% | ||
| Q4 25 | 5.5% | 10.1% | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 6.0% | 11.5% | ||
| Q1 25 | 5.2% | 10.2% | ||
| Q4 24 | 5.8% | 16.9% | ||
| Q3 24 | 6.7% | 5.8% | ||
| Q2 24 | 6.4% | 14.4% |
净利率RUSHASWKS
| Q1 26 | 3.7% | 7.6% | ||
| Q4 25 | 3.8% | 12.9% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.9% | 10.9% | ||
| Q1 25 | 3.4% | 7.2% | ||
| Q4 24 | 3.9% | 15.2% | ||
| Q3 24 | 4.4% | 5.9% | ||
| Q2 24 | 4.1% | 13.4% |
每股收益（稀释后）RUSHASWKS
| Q1 26 | $0.77 | $0.53 | ||
| Q4 25 | $0.81 | $0.95 | ||
| Q3 25 | $0.83 | — | ||
| Q2 25 | $0.90 | $0.70 | ||
| Q1 25 | $0.73 | $0.43 | ||
| Q4 24 | $-95.13 | $1.00 | ||
| Q3 24 | $0.97 | $0.36 | ||
| Q2 24 | $97.00 | $0.75 |
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 | — | $1.6B |
| 总债务越低越好 | $277.8M | $496.6M |
| 股东权益账面价值 | $2.3B | $5.8B |
| 总资产 | $4.5B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资RUSHASWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $212.6M | $1.4B | ||
| Q3 25 | $242.0M | — | ||
| Q2 25 | $211.1M | $1.3B | ||
| Q1 25 | $228.7M | $1.5B | ||
| Q4 24 | $228.1M | $1.7B | ||
| Q3 24 | $185.1M | $1.6B | ||
| Q2 24 | $167.3M | $1.3B |
总债务RUSHASWKS
| Q1 26 | $277.8M | $496.6M | ||
| Q4 25 | $274.8M | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | $408.4M | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益RUSHASWKS
| Q1 26 | $2.3B | $5.8B | ||
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | $5.7B | ||
| Q1 25 | $2.2B | $5.9B | ||
| Q4 24 | $2.1B | $6.4B | ||
| Q3 24 | $2.1B | $6.3B | ||
| Q2 24 | $2.0B | $6.3B |
总资产RUSHASWKS
| Q1 26 | $4.5B | $7.9B | ||
| Q4 25 | $4.4B | $7.9B | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.7B | $7.7B | ||
| Q1 25 | $4.7B | $7.9B | ||
| Q4 24 | $4.6B | $8.3B | ||
| Q3 24 | $4.6B | $8.3B | ||
| Q2 24 | $4.5B | $8.2B |
负债/权益比RUSHASWKS
| Q1 26 | 0.12× | 0.09× | ||
| Q4 25 | 0.12× | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | 0.19× | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | — | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $411.6M | $339.0M |
| 自由现金流率自由现金流/营收 | 24.4% | 32.7% |
| 资本支出强度资本支出/营收 | 2.0% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 4.99× |
| 过去12个月自由现金流最近4个季度 | $828.4M | $1.1B |
8季度趋势，按日历期对齐
经营现金流RUSHASWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $112.9M | $200.0M | ||
| Q3 25 | $367.8M | — | ||
| Q2 25 | $227.6M | $314.2M | ||
| Q1 25 | $153.5M | $409.4M | ||
| Q4 24 | $392.3M | $377.2M | ||
| Q3 24 | $111.7M | $476.1M | ||
| Q2 24 | $270.6M | $273.4M |
自由现金流RUSHASWKS
| Q1 26 | $411.6M | $339.0M | ||
| Q4 25 | $31.9M | $144.0M | ||
| Q3 25 | $271.2M | — | ||
| Q2 25 | $113.8M | $252.7M | ||
| Q1 25 | $45.1M | $370.9M | ||
| Q4 24 | $263.5M | $338.2M | ||
| Q3 24 | $-20.0M | $393.3M | ||
| Q2 24 | $177.2M | $249.0M |
自由现金流率RUSHASWKS
| Q1 26 | 24.4% | 32.7% | ||
| Q4 25 | 1.9% | 13.1% | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 6.2% | 26.2% | ||
| Q1 25 | 2.6% | 38.9% | ||
| Q4 24 | 13.7% | 31.7% | ||
| Q3 24 | -1.1% | 38.4% | ||
| Q2 24 | 9.1% | 27.5% |
资本支出强度RUSHASWKS
| Q1 26 | 2.0% | 5.5% | ||
| Q4 25 | 4.8% | 5.1% | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | 6.2% | 6.4% | ||
| Q1 25 | 6.2% | 4.0% | ||
| Q4 24 | 6.7% | 3.6% | ||
| Q3 24 | 7.3% | 8.1% | ||
| Q2 24 | 4.8% | 2.7% |
现金转化率RUSHASWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.75× | 1.41× | ||
| Q3 25 | 5.51× | — | ||
| Q2 25 | 3.14× | 2.99× | ||
| Q1 25 | 2.55× | 5.96× | ||
| Q4 24 | 5.25× | 2.33× | ||
| Q3 24 | 1.41× | 7.87× | ||
| Q2 24 | 3.44× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
