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RUSH ENTERPRISES INC \TX\（RUSHA）与TransDigm Group（TDG）财务数据对比。点击上方公司名可切换其他公司
TransDigm Group的季度营收约是RUSH ENTERPRISES INC \TX\的1.4倍（$2.3B vs $1.7B），TransDigm Group净利率更高（19.5% vs 3.7%，领先15.8%），TransDigm Group同比增速更快（13.9% vs -9.0%），TransDigm Group自由现金流更多（$772.0M vs $411.6M），过去两年TransDigm Group的营收复合增速更高（9.1% 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。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
RUSHA vs TDG — 直观对比
营收规模更大
TDG
是对方的1.4倍
$1.7B
营收增速更快
TDG
高出22.9%
-9.0%
净利率更高
TDG
高出15.8%
3.7%
自由现金流更多
TDG
多$360.4M
$411.6M
两年增速更快
TDG
近两年复合增速
-6.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.3B |
| 净利润 | $61.7M | $445.0M |
| 毛利率 | 20.4% | 59.2% |
| 营业利润率 | 4.9% | 45.6% |
| 净利率 | 3.7% | 19.5% |
| 营收同比 | -9.0% | 13.9% |
| 净利润同比 | 1.8% | -9.7% |
| 每股收益（稀释后） | $0.77 | $6.62 |
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RUSHATDG
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.8B | $2.4B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.9B | $2.0B |
净利润RUSHATDG
| Q1 26 | $61.7M | — | ||
| Q4 25 | $64.3M | $445.0M | ||
| Q3 25 | $66.7M | $610.0M | ||
| Q2 25 | $72.4M | $492.0M | ||
| Q1 25 | $60.3M | $479.0M | ||
| Q4 24 | $74.8M | $493.0M | ||
| Q3 24 | $79.1M | $468.0M | ||
| Q2 24 | $78.7M | $461.0M |
毛利率RUSHATDG
| Q1 26 | 20.4% | — | ||
| Q4 25 | 20.8% | 59.2% | ||
| Q3 25 | 21.0% | 60.3% | ||
| Q2 25 | 20.7% | 59.5% | ||
| Q1 25 | 20.3% | 59.3% | ||
| Q4 24 | 19.3% | 61.6% | ||
| Q3 24 | 21.0% | 57.5% | ||
| Q2 24 | 20.2% | 59.6% |
营业利润率RUSHATDG
| Q1 26 | 4.9% | — | ||
| Q4 25 | 5.5% | 45.6% | ||
| Q3 25 | 5.6% | 47.6% | ||
| Q2 25 | 6.0% | 46.4% | ||
| Q1 25 | 5.2% | 46.1% | ||
| Q4 24 | 5.8% | 48.6% | ||
| Q3 24 | 6.7% | 43.1% | ||
| Q2 24 | 6.4% | 45.7% |
净利率RUSHATDG
| Q1 26 | 3.7% | — | ||
| Q4 25 | 3.8% | 19.5% | ||
| Q3 25 | 3.7% | 25.0% | ||
| Q2 25 | 3.9% | 22.0% | ||
| Q1 25 | 3.4% | 22.3% | ||
| Q4 24 | 3.9% | 24.6% | ||
| Q3 24 | 4.4% | 21.4% | ||
| Q2 24 | 4.1% | 22.5% |
每股收益（稀释后）RUSHATDG
| Q1 26 | $0.77 | — | ||
| Q4 25 | $0.81 | $6.62 | ||
| Q3 25 | $0.83 | $7.75 | ||
| Q2 25 | $0.90 | $8.47 | ||
| Q1 25 | $0.73 | $8.24 | ||
| Q4 24 | $-95.13 | $7.62 | ||
| Q3 24 | $0.97 | $5.82 | ||
| Q2 24 | $97.00 | $7.96 |
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 | — | $2.5B |
| 总债务越低越好 | $277.8M | $29.2B |
| 股东权益账面价值 | $2.3B | $-9.3B |
| 总资产 | $4.5B | $23.8B |
| 负债/权益比越低杠杆越低 | 0.12× | — |
8季度趋势，按日历期对齐
现金及短期投资RUSHATDG
| Q1 26 | — | — | ||
| Q4 25 | $212.6M | $2.5B | ||
| Q3 25 | $242.0M | $2.8B | ||
| Q2 25 | $211.1M | $2.8B | ||
| Q1 25 | $228.7M | $2.4B | ||
| Q4 24 | $228.1M | $2.5B | ||
| Q3 24 | $185.1M | $6.3B | ||
| Q2 24 | $167.3M | $3.4B |
总债务RUSHATDG
| Q1 26 | $277.8M | — | ||
| Q4 25 | $274.8M | $29.2B | ||
| Q3 25 | — | $29.2B | ||
| Q2 25 | — | $24.3B | ||
| Q1 25 | — | $24.3B | ||
| Q4 24 | $408.4M | $24.3B | ||
| Q3 24 | — | $24.3B | ||
| Q2 24 | — | $21.4B |
股东权益RUSHATDG
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $-9.3B | ||
| Q3 25 | $2.2B | $-9.7B | ||
| Q2 25 | $2.2B | $-5.0B | ||
| Q1 25 | $2.2B | $-5.7B | ||
| Q4 24 | $2.1B | $-6.3B | ||
| Q3 24 | $2.1B | $-6.3B | ||
| Q2 24 | $2.0B | $-2.5B |
总资产RUSHATDG
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.4B | $23.8B | ||
| Q3 25 | $4.6B | $22.9B | ||
| Q2 25 | $4.7B | $22.7B | ||
| Q1 25 | $4.7B | $21.9B | ||
| Q4 24 | $4.6B | $21.5B | ||
| Q3 24 | $4.6B | $25.6B | ||
| Q2 24 | $4.5B | $21.8B |
负债/权益比RUSHATDG
| Q1 26 | 0.12× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $832.0M |
| 自由现金流经营现金流 - 资本支出 | $411.6M | $772.0M |
| 自由现金流率自由现金流/营收 | 24.4% | 33.8% |
| 资本支出强度资本支出/营收 | 2.0% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $828.4M | $1.9B |
8季度趋势，按日历期对齐
经营现金流RUSHATDG
| Q1 26 | — | — | ||
| Q4 25 | $112.9M | $832.0M | ||
| Q3 25 | $367.8M | $507.0M | ||
| Q2 25 | $227.6M | $631.0M | ||
| Q1 25 | $153.5M | $148.0M | ||
| Q4 24 | $392.3M | $752.0M | ||
| Q3 24 | $111.7M | $572.0M | ||
| Q2 24 | $270.6M | $608.0M |
自由现金流RUSHATDG
| Q1 26 | $411.6M | — | ||
| Q4 25 | $31.9M | $772.0M | ||
| Q3 25 | $271.2M | $441.0M | ||
| Q2 25 | $113.8M | $573.0M | ||
| Q1 25 | $45.1M | $92.0M | ||
| Q4 24 | $263.5M | $710.0M | ||
| Q3 24 | $-20.0M | $531.0M | ||
| Q2 24 | $177.2M | $568.0M |
自由现金流率RUSHATDG
| Q1 26 | 24.4% | — | ||
| Q4 25 | 1.9% | 33.8% | ||
| Q3 25 | 15.2% | 18.1% | ||
| Q2 25 | 6.2% | 25.6% | ||
| Q1 25 | 2.6% | 4.3% | ||
| Q4 24 | 13.7% | 35.4% | ||
| Q3 24 | -1.1% | 24.3% | ||
| Q2 24 | 9.1% | 27.8% |
资本支出强度RUSHATDG
| Q1 26 | 2.0% | — | ||
| Q4 25 | 4.8% | 2.6% | ||
| Q3 25 | 5.4% | 2.7% | ||
| Q2 25 | 6.2% | 2.6% | ||
| Q1 25 | 6.2% | 2.6% | ||
| Q4 24 | 6.7% | 2.1% | ||
| Q3 24 | 7.3% | 1.9% | ||
| Q2 24 | 4.8% | 2.0% |
现金转化率RUSHATDG
| Q1 26 | — | — | ||
| Q4 25 | 1.75× | 1.87× | ||
| Q3 25 | 5.51× | 0.83× | ||
| Q2 25 | 3.14× | 1.28× | ||
| Q1 25 | 2.55× | 0.31× | ||
| Q4 24 | 5.25× | 1.53× | ||
| Q3 24 | 1.41× | 1.22× | ||
| Q2 24 | 3.44× | 1.32× |
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% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
