Rush Enterprises (RUSHA) Financials

$68.73 +0.01 (+0.01%)

Closing price 04:00 PM Eastern

Extended Trading

$68.72 -0.02 (-0.02%)

As of 04:10 PM Eastern

Annual Income Statements for Rush Enterprises

This table shows Rush Enterprises' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	66	41	1,002	139	142	115	241	391	347	304	264
Consolidated Net Income / (Loss)	66	41	172	139	142	115	241	392	348	305	266
Net Income / (Loss) Continuing Operations	66	41	1,002	139	142	115	241	392	348	305	266
Total Pre-Tax Income	108	66	136	183	190	152	314	509	462	398	346
Total Operating Income	121	81	149	203	216	155	309	506	512	468	394
Total Gross Profit	785	718	1,660	978	1,026	875	1,092	1,487	1,593	1,531	1,461
Total Revenue	4,980	4,215	9,428	5,506	5,810	4,736	5,126	7,102	7,925	7,805	7,434
Operating Revenue	4,964	4,215	9,428	5,506	5,810	4,736	5,126	7,102	7,925	7,805	7,434
Total Cost of Revenue	4,195	3,497	7,768	4,528	4,784	3,860	4,034	5,615	6,332	6,273	5,974
Operating Cost of Revenue	4,195	3,497	7,768	4,528	4,784	3,860	4,034	5,615	6,332	6,273	5,974
Total Operating Expenses	664	637	681	775	809	721	783	981	1,081	1,063	1,067
Selling, General & Admin Expense	619	588	631	705	754	665	731	928	1,022	996	996
Depreciation Expense	44	51	50	70	55	57	53	56	60	69	71
Other Special Charges / (Income)	0.54	-1.76	0.11	-0.30	0.10	-1.85	-1.43	-2.46	-0.84	-0.81	-0.41
Total Other Income / (Expense), net	-13	-14	-12	-20	-27	-2.88	4.65	3.21	-50	-70	-48
Interest Expense	14	15	13	21	30	9.73	2.43	20	54	72	48
Interest & Investment Income	0.49	0.62	0.89	1.38	1.68	0.71	0.66	0.64	0.78	1.17	1.92
Other Income / (Expense), net	-	-	0.00	0.00	1.93	6.13	6.42	22	2.60	0.58	-1.66
Income Tax Expense	42	26	-36	44	48	37	72	117	114	93	80
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	0.00	0.00	0.70	1.01	0.82	2.26
Basic Earnings per Share	$1.64	$1.02	$4.34	$2.36	$2.57	$2.09	$2.88	$4.71	$4.28	$3.85	$3.37
Weighted Average Basic Shares Outstanding	275.20M	39.94M	39.63M	36.50M	36.25M	55.07M	55.39M	54.37M	77.88M	79.25M	76.94M
Diluted Earnings per Share	$1.61	$1.00	$4.20	$2.30	$2.51	$2.04	$2.78	$4.57	$4.15	$3.72	$3.27
Weighted Average Diluted Shares Outstanding	275.20M	39.94M	39.63M	36.50M	36.25M	55.07M	55.39M	54.37M	77.88M	79.25M	76.94M
Weighted Average Basic & Diluted Shares Outstanding	275.20M	39.94M	39.63M	36.50M	36.25M	55.07M	55.39M	54.37M	77.88M	79.25M	76.94M
Cash Dividends to Common per Share	-	-	$0.00	$0.16	$0.34	$0.41	$0.27	$0.53	$0.62	$0.70	$0.74

This table shows Rush Enterprises' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	80	78	72	79	79	75	60	72	67	64	61
Consolidated Net Income / (Loss)	81	78	71	79	79	75	61	73	68	65	62
Net Income / (Loss) Continuing Operations	81	78	71	79	79	75	61	73	68	65	62
Total Pre-Tax Income	108	105	93	105	103	97	79	97	88	82	75
Total Operating Income	122	120	111	124	121	112	92	110	100	92	82
Total Gross Profit	394	386	390	392	379	370	358	380	375	348	344
Total Revenue	1,981	2,029	1,872	2,027	1,896	2,010	1,851	1,931	1,881	1,772	1,684
Operating Revenue	1,981	2,029	1,872	2,027	1,896	2,010	1,851	1,931	1,881	1,772	1,684
Total Cost of Revenue	1,586	1,643	1,482	1,635	1,517	1,639	1,493	1,551	1,506	1,423	1,340
Operating Cost of Revenue	1,586	1,643	1,482	1,635	1,517	1,639	1,493	1,551	1,506	1,423	1,340
Total Operating Expenses	273	266	279	268	258	258	266	269	275	257	262
Selling, General & Admin Expense	257	251	264	251	240	241	249	252	256	239	243
Depreciation Expense	16	15	16	16	19	17	17	18	18	18	19
Other Special Charges / (Income)	-0.22	-0.25	-0.15	0.05	-0.59	-0.12	-0.17	-0.13	0.16	-0.28	0.25
Total Other Income / (Expense), net	-14	-15	-18	-19	-18	-16	-13	-13	-12	-9.33	-6.82
Interest Expense	14	16	18	19	18	17	13	13	12	11	6.35
Other Income / (Expense), net	0.13	0.21	0.18	0.04	0.15	0.21	-0.44	-0.37	-0.44	-0.41	-0.46
Income Tax Expense	27	27	21	26	24	21	18	24	20	18	14
Net Income / (Loss) Attributable to Noncontrolling Interest	0.36	0.07	-0.12	0.12	0.29	0.53	0.30	0.55	1.05	0.37	0.23
Basic Earnings per Share	$0.99	$1.00	$0.91	$1.01	$1.00	$0.94	$0.76	$0.93	$0.85	$0.83	$0.79
Weighted Average Basic Shares Outstanding	81.23M	77.88M	78.48M	78.27M	79.22M	79.25M	79.66M	78.30M	78.24M	76.94M	77.39M
Diluted Earnings per Share	$0.96	$1.00	$0.88	$97.00	$0.97	$0.94	$0.73	$0.90	$0.83	$0.81	$0.77
Weighted Average Diluted Shares Outstanding	83.99M	77.88M	81.45M	80.78M	81.88M	79.25M	82.38M	80.49M	80.59M	76.94M	79.87M
Weighted Average Basic & Diluted Shares Outstanding	79.49M	77.88M	78.61M	78.76M	79.03M	79.25M	77.82M	77.86M	77.08M	76.94M	77.71M
Cash Dividends to Common per Share	$0.17	$0.17	$0.17	$0.17	$0.18	$0.18	$0.18	$0.18	$0.19	$0.19	$0.19

This table details how cash moves in and out of Rush Enterprises' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-127	17	43	7.19	50	130	-164	53	-17	45	-16
Net Cash From Operating Activities	227	521	153	215	421	763	422	294	296	620	862
Net Cash From Continuing Operating Activities	227	521	153	215	421	763	422	294	296	620	862
Net Income / (Loss) Continuing Operations	66	41	172	139	142	115	241	392	348	305	266
Consolidated Net Income / (Loss)	66	41	172	139	142	115	241	392	348	305	266
Depreciation Expense	145	158	158	185	175	177	169	199	221	236	253
Non-Cash Adjustments To Reconcile Net Income	-3.74	24	35	103	-0.96	-66	24	38	30	-5.27	-80
Changes in Operating Assets and Liabilities, net	20	299	-212	-212	105	537	-12	-334	-303	84	422
Net Cash From Investing Activities	-436	-189	-207	-227	-320	-127	-433	-241	-387	-446	-417
Net Cash From Continuing Investing Activities	-436	-189	-207	-227	-320	-127	-433	-241	-387	-446	-417
Purchase of Property, Plant & Equipment	-368	-197	-210	-238	-293	-136	-167	-243	-369	-433	-400
Acquisitions	-69	-0.68	-2.18	0.00	-33	0.00	-269	-21	-16	-16	-24
Sale of Property, Plant & Equipment	3.32	12	3.97	6.33	2.31	5.78	3.45	7.12	2.21	9.44	7.91
Sale and/or Maturity of Investments	0.28	0.45	0.33	6.38	-	-	-	0.00	-	-9.54	-2.04
Other Investing Activities, net	-3.03	-4.71	1.24	-1.68	3.39	2.96	0.16	-12	-4.31	3.93	1.16
Net Cash From Financing Activities	82	-315	96	19	-51	-505	-153	-0.69	74	-129	-460
Net Cash From Continuing Financing Activities	82	-315	96	19	-51	-505	-153	-0.69	74	-129	-460
Repayment of Debt	-169	-188	-146	-167	-319	-255	-455	-1,084	-1,292	-1,847	-1,253
Repurchase of Common Equity	-1.46	-44	-34	-121	-58	-25	-34	-94	-212	-16	-195
Payment of Dividends	-	0.00	0.00	-9.33	-18	-22	-41	-45	-51	-56	-58
Issuance of Debt	218	121	153	157	345	157	260	958	1,429	1,845	1,117
Issuance of Common Equity	3.77	8.26	23	3.93	8.24	23	18	13	18	25	16
Other Financing Activities, net	31	-212	100	155	-8.44	-383	98	250	181	-81	-88
Cash Interest Paid	35	38	34	43	57	39	22	22	56	78	54
Cash Income Taxes Paid	16	-11	31	29	42	36	102	102	107	76	78

This table details how cash moves in and out of Rush Enterprises' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.18	-8.31	-28	25	18	43	0.60	-18	31	-29	27
Net Cash From Operating Activities	97	85	-155	271	112	392	154	228	368	113	60
Net Cash From Continuing Operating Activities	97	85	-155	271	112	392	154	228	368	113	60
Net Income / (Loss) Continuing Operations	81	78	71	79	79	75	61	73	68	65	62
Consolidated Net Income / (Loss)	81	78	71	79	79	75	61	73	68	65	62
Depreciation Expense	57	56	57	57	61	61	61	63	64	64	65
Non-Cash Adjustments To Reconcile Net Income	-7.29	47	-3.77	-44	-4.38	29	0.98	18	-0.39	-98	-47
Changes in Operating Assets and Liabilities, net	-33	-96	-280	178	-24	228	30	74	237	82	-19
Net Cash From Investing Activities	-102	-96	-69	-92	-145	-140	-97	-136	-98	-87	-61
Net Cash From Continuing Investing Activities	-102	-96	-69	-78	-145	-140	-97	-136	-98	-87	-61
Purchase of Property, Plant & Equipment	-103	-80	-79	-93	-132	-129	-108	-114	-97	-81	-66
Sale of Property, Plant & Equipment	0.75	0.32	3.04	0.10	5.96	0.34	4.32	2.90	0.16	0.53	0.45
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	4.33	1.33	-2.83	-4.87	3.02
Other Investing Activities, net	0.32	-0.55	6.91	15	-2.59	-1.74	3.26	-1.96	1.37	-1.50	1.93
Net Cash From Financing Activities	5.14	3.12	196	-167	51	-209	-56	-110	-239	-55	27
Net Cash From Continuing Financing Activities	5.14	3.12	196	-167	51	-209	-56	-110	-239	-56	27
Repayment of Debt	-278	-329	-587	-614	-434	-212	-293	-349	-343	-267	-11
Repurchase of Common Equity	-43	-105	-5.63	-3.92	-0.27	-5.94	-30	-87	-7.36	-70	0.00
Payment of Dividends	-14	-13	-14	-13	-14	-14	-14	-15	-15	-15	-15
Issuance of Debt	342	434	699	486	436	223	288	356	194	279	15
Issuance of Common Equity	5.01	3.34	9.36	2.10	8.77	5.15	6.15	1.71	7.16	1.28	16
Other Financing Activities, net	-6.69	13	95	-25	54	-205	-14	-16	-75	17	23
Cash Interest Paid	15	16	19	22	20	18	12	17	14	11	8.10
Cash Income Taxes Paid	-	26	0.52	-	-	12	1.82	19	22	35	-0.18

This table presents Rush Enterprises' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,852	2,603	2,890	3,201	3,407	2,985	3,120	3,821	4,364	4,618	4,431
Total Current Assets	1,327	1,111	1,375	1,688	1,713	1,358	1,324	1,868	2,260	2,390	2,091
Cash & Equivalents	65	82	125	132	182	312	148	201	184	228	213
Accounts Receivable	168	166	196	204	184	172	140	221	259	345	278
Inventories, net	1,061	840	1,033	1,340	1,326	858	1,020	1,429	1,801	1,788	1,534
Prepaid Expenses	33	8.80	12	10	21	15	16	17	16	19	55
Other Current Assets	-	-	-	-	-	-	-	-	0.00	9.54	12
Plant, Property, & Equipment, net	1,173	1,136	1,160	1,184	1,280	1,204	1,278	1,369	1,488	1,616	1,695
Total Noncurrent Assets	353	356	355	329	415	424	147	585	616	612	645
Goodwill	285	290	291	291	292	292	-	416	421	427	442
Other Noncurrent Operating Assets	61	59	58	38	123	132	147	168	195	185	203
Total Liabilities & Shareholders' Equity	2,852	2,603	2,890	3,201	3,407	2,985	3,120	3,821	4,364	4,618	4,431
Total Liabilities	2,007	1,740	1,850	2,134	2,248	1,717	1,653	2,058	2,474	2,456	2,205
Total Current Liabilities	1,247	993	1,172	1,493	1,507	1,027	1,004	1,429	1,673	1,650	1,492
Short-Term Debt	1,020	792	941	1,185	1,186	664	631	933	1,140	1,081	937
Accounts Payable	120	98	108	127	134	111	122	172	162	244	231
Accrued Expenses	84	84	96	125	112	152	131	163	173	161	177
Customer Deposits	22	18	27	36	43	74	81	116	145	110	112
Other Current Liabilities	-	-	-	20	33	26	39	44	54	54	35
Total Noncurrent Liabilities	760	747	678	641	740	691	650	629	801	806	713
Long-Term Debt	497	473	466	439	438	388	335	275	414	408	275
Capital Lease Obligations	69	70	66	49	69	142	90	93	98	92	196
Noncurrent Deferred & Payable Income Tax Liabilities	189	197	135	141	164	126	140	152	160	179	208
Other Noncurrent Operating Liabilities	5.28	7.21	9.84	11	68	34	84	108	129	126	34
Total Equity & Noncontrolling Interests	845	863	1,040	1,067	1,159	1,268	1,467	1,763	1,890	2,162	2,226
Total Preferred & Common Equity	845	863	1,040	1,067	1,159	1,268	1,467	1,744	1,871	2,142	2,203
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	845	863	1,040	1,067	1,159	1,268	1,467	1,744	1,871	2,142	2,203
Common Stock	289	310	348	370	398	438	471	501	543	588	635
Retained Earnings	600	640	813	942	1,066	832	1,032	1,378	1,450	1,699	1,904
Accumulated Other Comprehensive Income / (Loss)	-0.31	-0.29	-	0.00	0.34	0.87	0.79	-4.13	-2.16	-9.29	-4.81
Other Equity Adjustments	-	-	-	-	-	-	-	-131	-120	-136	-331
Noncontrolling Interest	-	-	-	-	-	-	-	19	20	20	23

This table presents Rush Enterprises' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,743	3,970	4,126	4,218	4,629	4,507	4,648	4,688	4,716	4,553	4,516
Total Current Assets	1,809	1,974	2,088	2,146	2,517	2,378	2,460	2,434	2,396	2,217	2,205
Cash & Equivalents	220	226	192	192	156	167	185	229	211	242	240
Accounts Receivable	221	230	237	263	303	287	283	295	310	268	271
Inventories, net	1,352	1,499	1,637	1,672	2,032	1,894	1,965	1,886	1,842	1,662	1,640
Prepaid Expenses	17	19	22	19	20	23	21	19	28	38	45
Other Current Assets	-	-	-	-	5.50	6.04	6.91	5.21	3.88	6.71	8.56
Plant, Property, & Equipment, net	1,352	1,405	1,441	1,475	1,501	1,523	1,568	1,637	1,675	1,694	1,673
Total Noncurrent Assets	581	591	597	598	611	606	620	616	645	642	638
Goodwill	416	416	417	416	420	419	430	427	442	441	441
Other Noncurrent Operating Assets	166	175	180	181	191	187	190	189	203	201	197
Total Liabilities & Shareholders' Equity	3,743	3,970	4,126	4,218	4,629	4,507	4,648	4,688	4,716	4,553	4,516
Total Liabilities	2,067	2,140	2,239	2,299	2,674	2,484	2,546	2,500	2,541	2,316	2,224
Total Current Liabilities	1,419	1,513	1,621	1,720	1,757	1,698	1,752	1,695	1,718	1,623	1,513
Short-Term Debt	951	1,031	1,140	1,242	1,266	1,227	1,302	1,081	1,089	1,026	919
Accounts Payable	186	200	187	177	181	167	174	319	297	281	320
Accrued Expenses	163	149	158	162	145	153	151	143	170	178	135
Customer Deposits	91	100	102	103	127	96	87	97	108	102	86
Other Current Liabilities	28	32	35	36	38	56	39	56	55	36	52
Total Noncurrent Liabilities	647	627	618	579	917	786	793	805	822	694	712
Long-Term Debt	307	262	245	203	524	397	400	404	413	263	278
Capital Lease Obligations	172	186	194	197	204	97	194	88	87	198	84
Noncurrent Deferred & Payable Income Tax Liabilities	148	155	155	155	160	161	171	181	180	198	212
Other Noncurrent Operating Liabilities	19	23	24	24	29	131	30	132	143	35	138
Total Equity & Noncontrolling Interests	1,676	1,830	1,887	1,919	1,955	2,023	2,103	2,188	2,175	2,237	2,292
Total Preferred & Common Equity	1,657	1,811	1,868	1,900	1,936	2,003	2,083	2,167	2,154	2,214	2,269
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,657	1,811	1,868	1,900	1,936	2,003	2,083	2,167	2,154	2,214	2,269
Common Stock	495	514	523	534	557	564	578	599	609	629	656
Retained Earnings	1,292	1,457	1,544	1,386	1,508	1,573	1,638	1,745	1,803	1,855	1,951
Accumulated Other Comprehensive Income / (Loss)	-5.64	-3.90	-2.21	-4.32	-4.05	-4.93	-3.97	-9.31	-4.28	-6.46	-6.81
Other Equity Adjustments	-	-156	-197	-16	-125	-129	-130	-167	-253	-262	-331
Noncontrolling Interest	19	19	19	19	19	20	20	21	21	22	23

This table displays calculated financial ratios and metrics derived from Rush Enterprises' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.34%	-15.36%	123.69%	-41.60%	5.51%	-18.48%	8.24%	38.54%	11.59%	-1.52%	-4.75%
EBITDA Growth	-0.74%	-10.46%	28.66%	26.52%	1.51%	-14.15%	43.44%	50.04%	1.17%	-4.26%	-8.49%
EBIT Growth	-14.44%	-33.43%	84.21%	36.41%	7.63%	-26.38%	96.25%	67.52%	-2.55%	-8.99%	-16.34%
NOPAT Growth	-14.41%	-33.65%	280.64%	-17.94%	4.97%	-27.59%	103.16%	63.81%	-0.94%	-7.03%	-15.60%
Net Income Growth	-17.39%	-38.56%	324.15%	-19.21%	1.81%	-18.86%	110.13%	62.41%	-11.23%	-12.38%	-12.77%
EPS Growth	-17.86%	-37.89%	320.00%	-19.21%	1.81%	-18.73%	110.13%	62.41%	-9.19%	-10.36%	-12.10%
Operating Cash Flow Growth	155.52%	129.34%	-70.69%	41.00%	95.61%	81.11%	-44.65%	-30.29%	0.45%	109.51%	39.11%
Free Cash Flow Firm Growth	40.56%	232.14%	-128.59%	11.23%	222.55%	556.03%	-39.92%	-222.71%	77.06%	181.04%	160.52%
Invested Capital Growth	15.19%	-11.17%	13.22%	9.84%	2.47%	-19.52%	-6.78%	42.94%	17.25%	8.08%	-6.30%
Revenue Q/Q Growth	-3.55%	-3.23%	17.37%	-13.72%	-3.69%	-1.03%	0.86%	8.75%	1.88%	-0.25%	-3.10%
EBITDA Q/Q Growth	-7.43%	2.18%	5.52%	8.97%	-5.66%	4.00%	8.14%	8.17%	-1.74%	-0.46%	-2.63%
EBIT Q/Q Growth	-16.34%	5.25%	10.91%	17.61%	-11.02%	10.68%	13.31%	9.32%	-3.08%	-1.65%	-5.13%
NOPAT Q/Q Growth	-16.31%	5.22%	117.49%	-29.81%	-12.78%	12.22%	12.93%	10.34%	-3.78%	-0.57%	-4.81%
Net Income Q/Q Growth	-18.32%	7.06%	118.57%	-29.75%	-14.09%	17.69%	12.92%	8.18%	-5.48%	-0.92%	-3.83%
EPS Q/Q Growth	-18.27%	6.38%	118.75%	-29.75%	-14.09%	15.25%	12.92%	8.18%	-8.19%	-4.12%	-6.57%
Operating Cash Flow Q/Q Growth	127.73%	1.29%	-49.87%	16.11%	80.06%	-3.43%	-30.89%	76.27%	-8.20%	98.62%	-24.48%
Free Cash Flow Firm Q/Q Growth	32.10%	40.02%	-207.86%	47.55%	278.15%	-2.28%	-18.70%	16.48%	-33.65%	205.07%	-19.35%
Invested Capital Q/Q Growth	0.72%	-3.24%	9.38%	2.61%	-3.94%	-3.67%	1.70%	-0.79%	-0.32%	-4.81%	-5.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.76%	17.04%	17.61%	17.77%	17.65%	18.49%	21.31%	20.94%	20.10%	19.62%	19.65%
EBITDA Margin	5.35%	5.66%	3.25%	7.05%	6.78%	7.14%	9.46%	10.25%	9.29%	9.03%	8.68%
Operating Margin	2.44%	1.92%	1.58%	3.68%	3.72%	3.26%	6.03%	7.13%	6.47%	6.00%	5.30%
EBIT Margin	2.44%	1.92%	1.58%	3.68%	3.76%	3.39%	6.15%	7.44%	6.50%	6.01%	5.27%
Profit (Net Income) Margin	1.33%	0.96%	1.83%	2.53%	2.44%	2.43%	4.71%	5.52%	4.39%	3.91%	3.58%
Tax Burden Percent	61.27%	61.07%	126.20%	75.92%	74.70%	75.72%	76.96%	76.98%	75.33%	76.66%	76.92%
Interest Burden Percent	88.89%	82.31%	91.72%	90.30%	86.81%	94.39%	99.44%	96.38%	89.72%	84.88%	88.21%
Effective Tax Rate	38.73%	38.93%	-26.20%	24.08%	25.30%	24.28%	23.04%	23.02%	24.67%	23.34%	23.08%
Return on Invested Capital (ROIC)	3.37%	2.21%	8.40%	6.19%	6.13%	4.86%	11.45%	16.01%	12.41%	10.27%	8.90%
ROIC Less NNEP Spread (ROIC-NNEP)	2.78%	1.58%	7.19%	5.14%	4.81%	4.67%	11.96%	16.31%	9.45%	6.60%	5.85%
Return on Net Nonoperating Assets (RNNOA)	4.84%	2.54%	9.69%	7.01%	6.59%	4.61%	6.20%	8.27%	6.65%	4.78%	3.23%
Return on Equity (ROE)	8.21%	4.75%	18.09%	13.20%	12.72%	9.47%	17.66%	24.28%	19.05%	15.05%	12.13%
Cash Return on Invested Capital (CROIC)	-10.74%	14.05%	-4.00%	-3.19%	3.69%	26.49%	18.47%	-19.34%	-3.47%	2.50%	15.40%
Operating Return on Assets (OROA)	4.39%	2.96%	5.41%	6.66%	6.61%	5.03%	10.33%	15.23%	12.58%	10.44%	8.67%
Return on Assets (ROA)	2.39%	1.49%	6.27%	4.57%	4.28%	3.59%	7.91%	11.30%	8.50%	6.79%	5.88%
Return on Common Equity (ROCE)	8.21%	4.75%	18.09%	13.20%	12.72%	9.47%	17.66%	24.14%	18.86%	14.90%	12.01%
Return on Equity Simple (ROE_SIMPLE)	7.82%	4.70%	16.54%	13.03%	12.21%	9.06%	16.46%	22.48%	18.60%	14.24%	0.00%
Net Operating Profit after Tax (NOPAT)	74	49	188	154	162	117	238	390	386	359	303
NOPAT Margin	1.49%	1.17%	1.99%	2.80%	2.78%	2.47%	4.64%	5.49%	4.87%	4.60%	4.07%
Net Nonoperating Expense Percent (NNEP)	0.59%	0.63%	1.21%	1.04%	1.32%	0.18%	-0.50%	-0.30%	2.95%	3.67%	3.04%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.71%	10.90%	9.30%	8.64%
Cost of Revenue to Revenue	84.24%	82.96%	82.39%	82.23%	82.35%	81.51%	78.69%	79.06%	79.90%	80.38%	80.35%
SG&A Expenses to Revenue	12.44%	13.95%	6.69%	12.81%	12.97%	14.05%	14.27%	13.07%	12.89%	12.76%	13.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.33%	15.12%	7.23%	14.08%	13.93%	15.22%	15.28%	13.81%	13.64%	13.62%	14.35%
Earnings before Interest and Taxes (EBIT)	121	81	149	203	218	161	315	528	515	469	392
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	266	238	307	388	394	338	485	728	736	705	645
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.88	1.22	1.64	0.72	0.83	1.65	1.34	1.07	2.13	2.02	1.90
Price to Tangible Book Value (P/TBV)	1.32	1.83	2.27	0.99	1.11	2.15	1.34	1.41	2.75	2.52	2.38
Price to Revenue (P/Rev)	0.15	0.25	0.18	0.14	0.17	0.44	0.38	0.26	0.50	0.55	0.56
Price to Earnings (P/E)	11.20	25.85	1.70	5.50	6.78	18.24	8.11	4.78	11.50	14.22	15.91
Dividend Yield	0.00%	0.00%	0.00%	0.76%	1.16%	1.04%	1.39%	1.58%	1.25%	1.28%	1.37%
Earnings Yield	8.93%	3.87%	58.85%	18.20%	14.75%	5.48%	12.33%	20.91%	8.70%	7.03%	6.29%
Enterprise Value to Invested Capital (EV/IC)	0.96	1.10	1.28	0.88	0.93	1.38	1.43	1.04	1.63	1.60	1.60
Enterprise Value to Revenue (EV/Rev)	0.45	0.54	0.32	0.42	0.43	0.63	0.56	0.42	0.69	0.74	0.71
Enterprise Value to EBITDA (EV/EBITDA)	8.47	9.63	9.93	5.94	6.28	8.80	5.91	4.11	7.44	8.25	8.20
Enterprise Value to EBIT (EV/EBIT)	18.59	28.43	20.48	11.37	11.32	18.52	9.08	5.66	10.64	12.40	13.48
Enterprise Value to NOPAT (EV/NOPAT)	30.34	46.56	16.23	14.98	15.29	25.43	12.05	7.68	14.19	16.20	17.46
Enterprise Value to Operating Cash Flow (EV/OCF)	9.92	4.40	19.94	10.71	5.87	3.90	6.78	10.16	18.52	9.38	6.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.34	0.00	0.00	25.40	4.66	7.47	0.00	0.00	66.41	10.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.88	1.55	1.42	1.57	1.46	0.94	0.72	0.74	0.87	0.78	0.58
Long-Term Debt to Equity	0.67	0.63	0.51	0.46	0.44	0.42	0.29	0.21	0.27	0.28	0.16
Financial Leverage	1.74	1.61	1.35	1.36	1.37	0.99	0.52	0.51	0.70	0.72	0.55
Leverage Ratio	3.44	3.19	2.89	2.89	2.97	2.63	2.23	2.15	2.24	2.22	2.06
Compound Leverage Factor	3.05	2.63	2.65	2.61	2.58	2.49	2.22	2.07	2.01	1.88	1.82
Debt to Total Capital	65.25%	60.74%	58.61%	61.07%	59.36%	48.49%	41.85%	42.48%	46.63%	43.96%	36.53%
Short-Term Debt to Total Capital	41.97%	36.05%	37.43%	43.24%	41.56%	26.96%	25.01%	30.45%	32.18%	28.44%	26.18%
Long-Term Debt to Total Capital	23.27%	24.69%	21.18%	17.83%	17.80%	21.53%	16.84%	12.04%	14.45%	15.52%	10.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.60%	0.55%	0.53%	0.64%
Common Equity to Total Capital	34.75%	39.26%	41.39%	38.93%	40.64%	51.51%	58.15%	56.91%	52.82%	55.52%	62.83%
Debt to EBITDA	5.96	5.60	4.80	4.31	4.30	3.53	2.18	1.79	2.24	2.41	1.99
Net Debt to EBITDA	5.69	5.23	4.38	3.97	3.84	2.61	1.87	1.51	1.99	2.08	1.66
Long-Term Debt to EBITDA	2.13	2.28	1.74	1.26	1.29	1.57	0.88	0.51	0.70	0.85	0.56
Debt to NOPAT	21.35	27.07	7.85	10.87	10.48	10.20	4.44	3.34	4.28	4.73	4.23
Net Debt to NOPAT	20.39	25.28	7.15	10.01	9.35	7.53	3.82	2.83	3.80	4.09	3.53
Long-Term Debt to NOPAT	7.61	11.00	2.84	3.17	3.14	4.53	1.79	0.95	1.33	1.67	1.20
Altman Z-Score	2.44	2.48	4.46	2.63	2.68	3.02	3.27	3.50	3.80	3.79	3.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.57%	1.04%	0.98%	0.98%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	1.12	1.17	1.13	1.14	1.32	1.32	1.31	1.35	1.45	1.40
Quick Ratio	0.19	0.25	0.27	0.22	0.24	0.47	0.29	0.30	0.26	0.35	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-237	313	-89	-79	97	638	384	-471	-108	88	524
Operating Cash Flow to CapEx	62.35%	282.52%	74.16%	92.86%	144.68%	585.03%	257.95%	124.78%	80.65%	146.25%	219.90%
Free Cash Flow to Firm to Interest Expense	-16.96	21.00	-6.78	-3.77	3.19	65.64	158.05	-23.82	-2.01	1.22	10.89
Operating Cash Flow to Interest Expense	16.28	34.98	11.57	10.23	13.82	78.44	174.02	14.90	5.51	8.60	17.90
Operating Cash Flow Less CapEx to Interest Expense	-9.83	22.60	-4.03	-0.79	4.27	65.03	106.56	2.96	-1.32	2.72	9.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.80	1.55	3.43	1.81	1.76	1.48	1.68	2.05	1.94	1.74	1.64
Accounts Receivable Turnover	28.80	25.24	52.06	27.58	30.01	26.59	32.79	39.36	33.02	25.81	23.86
Inventory Turnover	4.02	3.68	8.29	3.82	3.59	3.53	4.29	4.58	3.92	3.50	3.60
Fixed Asset Turnover	4.75	3.65	8.21	4.70	4.72	3.81	4.13	5.37	5.55	5.03	4.49
Accounts Payable Turnover	34.27	32.06	75.51	38.48	36.64	31.59	34.62	38.19	37.93	30.89	25.16
Days Sales Outstanding (DSO)	12.67	14.46	7.01	13.24	12.16	13.73	11.13	9.27	11.05	14.14	15.30
Days Inventory Outstanding (DIO)	90.72	99.25	44.02	95.65	101.70	103.26	84.98	79.62	93.12	104.41	101.50
Days Payable Outstanding (DPO)	10.65	11.38	4.83	9.49	9.96	11.55	10.54	9.56	9.62	11.82	14.51
Cash Conversion Cycle (CCC)	92.75	102.32	46.20	99.40	103.90	105.43	85.57	79.34	94.55	106.74	102.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,360	2,096	2,373	2,607	2,671	2,150	2,004	2,864	3,358	3,629	3,294
Invested Capital Turnover	2.26	1.89	4.22	2.21	2.20	1.96	2.47	2.92	2.55	2.23	2.18
Increase / (Decrease) in Invested Capital	311	-264	277	233	64	-521	-146	860	494	271	-221
Enterprise Value (EV)	2,255	2,295	3,045	2,306	2,472	2,976	2,866	2,992	5,477	5,812	5,287
Market Capitalization	740	1,049	1,703	764	960	2,095	1,958	1,872	3,990	4,324	4,196
Book Value per Share	$20.93	$21.92	$26.11	$27.51	$32.08	$23.17	$26.42	$32.05	$23.54	$27.10	$28.58
Tangible Book Value per Share	$13.87	$14.55	$18.80	$20.00	$24.00	$17.83	$26.42	$24.40	$18.24	$21.69	$22.85
Total Capital	2,431	2,197	2,514	2,741	2,853	2,462	2,522	3,065	3,542	3,858	3,507
Total Debt	1,586	1,335	1,473	1,674	1,693	1,194	1,055	1,302	1,651	1,696	1,281
Total Long-Term Debt	566	543	532	489	508	530	425	369	512	599	363
Net Debt	1,515	1,246	1,342	1,542	1,512	881	907	1,101	1,468	1,467	1,068
Capital Expenditures (CapEx)	364	184	206	232	291	130	164	236	367	424	392
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,035	828	1,019	1,248	1,209	683	804	1,171	1,543	1,609	1,304
Debt-free Net Working Capital (DFNWC)	1,100	910	1,144	1,380	1,391	995	952	1,372	1,727	1,837	1,517
Net Working Capital (NWC)	80	118	203	195	205	331	321	439	587	740	599
Net Nonoperating Expense (NNE)	8.26	8.72	16	15	20	2.18	-3.58	-2.47	38	54	37
Net Nonoperating Obligations (NNO)	1,515	1,233	1,333	1,540	1,511	881	537	1,101	1,468	1,467	1,068
Total Depreciation and Amortization (D&A)	145	158	158	185	175	177	169	199	221	236	253
Debt-free, Cash-free Net Working Capital to Revenue	20.79%	19.66%	10.81%	22.66%	20.81%	14.41%	15.68%	16.49%	19.47%	20.61%	17.55%
Debt-free Net Working Capital to Revenue	22.09%	21.60%	12.13%	25.06%	23.94%	21.00%	18.57%	19.32%	21.79%	23.53%	20.41%
Net Working Capital to Revenue	1.60%	2.81%	2.15%	3.54%	3.53%	6.99%	6.26%	6.18%	7.41%	9.48%	8.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.73	$0.45	$1.93	$1.58	$1.72	$1.39	$2.88	$4.71	$4.28	$3.85	$3.37
Adjusted Weighted Average Basic Shares Outstanding	91.10M	88.69M	89.63M	82.13M	81.57M	82.61M	83.09M	81.56M	77.88M	79.25M	76.94M
Adjusted Diluted Earnings per Share	$0.72	$0.44	$1.87	$1.53	$1.68	$1.36	$2.78	$4.57	$4.15	$3.72	$3.27
Adjusted Weighted Average Diluted Shares Outstanding	91.10M	88.69M	89.63M	82.13M	81.57M	82.61M	83.09M	81.56M	77.88M	79.25M	76.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	91.10M	88.69M	89.63M	82.13M	81.57M	82.61M	83.09M	81.56M	77.88M	79.25M	76.94M
Normalized Net Operating Profit after Tax (NOPAT)	75	48	104	154	162	116	237	388	385	358	303
Normalized NOPAT Margin	1.50%	1.14%	1.10%	2.79%	2.78%	2.44%	4.62%	5.46%	4.86%	4.59%	4.07%
Pre Tax Income Margin	2.16%	1.58%	1.45%	3.33%	3.26%	3.20%	6.12%	7.17%	5.83%	5.10%	4.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.69	5.42	11.27	9.63	7.16	16.52	129.98	26.74	9.59	6.51	8.14
NOPAT to Interest Expense	5.32	3.31	14.22	7.31	5.30	12.04	98.00	19.71	7.19	4.98	6.29
EBIT Less CapEx to Interest Expense	-17.42	-6.96	-4.34	-1.38	-2.39	3.12	62.51	14.80	2.76	0.63	0.00
NOPAT Less CapEx to Interest Expense	-20.78	-9.07	-1.39	-3.70	-4.25	-1.37	30.54	7.78	0.36	-0.90	-1.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	6.71%	12.94%	19.55%	17.01%	11.36%	14.53%	18.20%	21.93%
Augmented Payout Ratio	2.22%	107.22%	19.64%	93.40%	54.04%	41.19%	30.92%	35.26%	75.38%	23.36%	95.19%

This table displays calculated financial ratios and metrics derived from Rush Enterprises' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	76,941,175.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	76,941,175.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.80
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.25%	7.78%	-2.08%	1.20%	-4.27%	-0.98%	-1.13%	-4.75%	-0.81%	-11.83%	-9.00%
EBITDA Growth	0.09%	-6.89%	-8.91%	-7.81%	2.08%	-1.84%	-8.77%	-5.02%	-10.21%	-10.05%	-4.30%
EBIT Growth	-4.00%	-11.98%	-14.86%	-12.78%	-0.70%	-6.55%	-17.47%	-11.80%	-17.63%	-18.86%	-10.59%
NOPAT Growth	-4.57%	-14.48%	-12.50%	-13.44%	1.89%	-2.38%	-16.80%	-11.26%	-16.99%	-17.57%	-5.11%
Net Income Growth	-11.06%	-20.53%	-21.26%	-20.04%	-1.51%	-3.63%	-15.21%	-7.35%	-14.71%	-14.06%	1.75%
EPS Growth	-9.43%	-44.75%	-17.76%	8,190.60%	1.04%	-6.00%	-17.05%	-99.07%	-14.43%	-13.83%	5.48%
Operating Cash Flow Growth	-22.45%	-23.79%	-267.69%	1,155.58%	15.15%	363.39%	199.02%	-15.87%	229.13%	-71.22%	-60.66%
Free Cash Flow Firm Growth	52.42%	46.48%	-19.23%	33.13%	10.10%	54.52%	153.24%	151.02%	216.43%	517.94%	-20.18%
Invested Capital Growth	16.69%	17.25%	23.03%	9.20%	13.19%	8.08%	-6.90%	-0.65%	-8.70%	-6.30%	-5.61%
Revenue Q/Q Growth	-1.11%	2.46%	-7.76%	8.28%	-6.46%	5.98%	-7.90%	4.32%	-2.59%	-5.79%	-4.95%
EBITDA Q/Q Growth	-9.67%	-1.13%	-4.94%	8.58%	0.02%	-4.92%	-11.66%	13.04%	-5.44%	-4.75%	-6.01%
EBIT Q/Q Growth	-14.72%	-1.16%	-7.94%	12.40%	-2.91%	-6.98%	-18.70%	20.13%	-9.33%	-8.38%	-10.41%
NOPAT Q/Q Growth	-15.45%	-1.83%	-4.81%	9.57%	-0.48%	-5.94%	-18.88%	16.86%	-6.91%	-6.59%	-6.62%
Net Income Q/Q Growth	-18.16%	-3.13%	-8.48%	10.20%	0.81%	-5.22%	-19.48%	20.41%	-7.19%	-4.49%	-4.66%
EPS Q/Q Growth	-17.95%	4.17%	-12.00%	10,922.73%	-99.00%	-3.09%	-22.34%	23.29%	-7.78%	-2.41%	-4.94%
Operating Cash Flow Q/Q Growth	350.32%	-12.77%	-283.16%	274.51%	-58.70%	251.06%	-60.86%	48.27%	61.57%	-69.30%	-46.50%
Free Cash Flow Firm Q/Q Growth	-25.62%	-3.51%	-18.69%	66.71%	-68.88%	47.64%	280.83%	-68.10%	285.40%	-28.25%	-9.52%
Invested Capital Q/Q Growth	2.87%	-0.32%	8.99%	-5.72%	6.63%	-4.81%	-2.70%	0.61%	-2.02%	-5.37%	1.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.91%	19.02%	20.83%	19.36%	19.99%	18.42%	19.33%	19.66%	19.93%	19.67%	20.41%
EBITDA Margin	9.00%	8.69%	8.95%	8.98%	9.60%	8.61%	8.26%	8.95%	8.69%	8.79%	8.69%
Operating Margin	6.14%	5.92%	5.91%	6.14%	6.37%	5.59%	4.96%	5.71%	5.32%	5.17%	4.88%
EBIT Margin	6.15%	5.93%	5.92%	6.14%	6.38%	5.60%	4.94%	5.69%	5.30%	5.15%	4.85%
Profit (Net Income) Margin	4.07%	3.85%	3.82%	3.89%	4.19%	3.75%	3.28%	3.78%	3.60%	3.65%	3.66%
Tax Burden Percent	74.97%	74.51%	77.02%	74.99%	76.93%	77.85%	77.15%	75.16%	77.09%	78.59%	81.82%
Interest Burden Percent	88.34%	87.12%	83.78%	84.37%	85.39%	85.99%	85.93%	88.41%	88.23%	90.22%	92.23%
Effective Tax Rate	25.03%	25.49%	22.98%	25.01%	23.07%	22.15%	22.85%	24.84%	22.91%	21.41%	18.18%
Return on Invested Capital (ROIC)	11.45%	11.23%	10.44%	10.63%	10.68%	9.71%	8.14%	9.25%	8.62%	8.88%	8.46%
ROIC Less NNEP Spread (ROIC-NNEP)	10.65%	10.35%	9.55%	9.64%	9.82%	8.89%	7.49%	8.58%	7.99%	8.27%	7.99%
Return on Net Nonoperating Assets (RNNOA)	7.89%	7.28%	7.80%	7.25%	7.72%	6.44%	5.76%	5.99%	5.44%	4.57%	4.25%
Return on Equity (ROE)	19.33%	18.51%	18.24%	17.88%	18.39%	16.15%	13.90%	15.24%	14.06%	13.44%	12.71%
Cash Return on Invested Capital (CROIC)	-2.58%	-3.47%	-9.78%	1.69%	-2.32%	2.50%	16.56%	10.02%	17.82%	15.40%	14.50%
Operating Return on Assets (OROA)	12.01%	11.48%	10.85%	11.26%	11.25%	9.73%	8.25%	9.48%	8.83%	8.46%	7.66%
Return on Assets (ROA)	7.96%	7.45%	7.00%	7.12%	7.39%	6.51%	5.47%	6.30%	6.01%	6.00%	5.78%
Return on Common Equity (ROCE)	19.13%	18.32%	18.06%	17.71%	18.21%	15.99%	13.76%	15.10%	13.93%	13.31%	12.59%
Return on Equity Simple (ROE_SIMPLE)	19.39%	0.00%	16.99%	15.42%	14.78%	0.00%	13.57%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	91	90	85	93	93	87	71	83	77	72	67
NOPAT Margin	4.60%	4.41%	4.55%	4.61%	4.90%	4.35%	3.83%	4.29%	4.10%	4.07%	3.99%
Net Nonoperating Expense Percent (NNEP)	0.79%	0.89%	0.89%	0.99%	0.85%	0.82%	0.65%	0.67%	0.63%	0.61%	0.47%
Return On Investment Capital (ROIC_SIMPLE)	-	2.53%	-	-	-	2.27%	1.89%	2.20%	2.07%	2.05%	1.88%
Cost of Revenue to Revenue	80.09%	80.98%	79.17%	80.64%	80.01%	81.58%	80.67%	80.34%	80.07%	80.33%	79.59%
SG&A Expenses to Revenue	12.98%	12.37%	14.08%	12.40%	12.64%	11.98%	13.44%	13.05%	13.63%	13.49%	14.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.77%	13.10%	14.92%	13.22%	13.62%	12.83%	14.37%	13.96%	14.61%	14.49%	15.53%
Earnings before Interest and Taxes (EBIT)	122	120	111	125	121	112	91	110	100	91	82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	178	176	168	182	182	173	153	173	163	156	146
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.17	2.13	2.18	1.62	1.96	2.02	1.98	1.87	1.91	1.90	2.23
Price to Tangible Book Value (P/TBV)	1.50	2.75	2.78	2.04	2.47	2.52	2.46	2.35	2.38	2.38	2.77
Price to Revenue (P/Rev)	0.29	0.50	0.54	0.41	0.52	0.55	0.55	0.52	0.55	0.56	0.70
Price to Earnings (P/E)	6.04	11.50	12.85	10.49	13.27	14.22	14.63	14.04	15.42	15.91	19.09
Dividend Yield	1.47%	1.25%	1.22%	1.63%	1.63%	1.28%	1.33%	1.40%	1.37%	1.37%	1.13%
Earnings Yield	16.57%	8.70%	7.78%	9.54%	7.54%	7.03%	6.84%	7.12%	6.48%	6.29%	5.24%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.63	1.60	1.34	1.52	1.60	1.60	1.53	1.58	1.60	1.84
Enterprise Value to Revenue (EV/Rev)	0.47	0.69	0.77	0.61	0.74	0.74	0.73	0.71	0.72	0.71	0.84
Enterprise Value to EBITDA (EV/EBITDA)	4.92	7.44	8.44	6.83	8.20	8.25	8.19	7.96	8.30	8.20	9.59
Enterprise Value to EBIT (EV/EBIT)	6.94	10.64	12.26	10.07	12.19	12.40	12.57	12.48	13.30	13.48	16.01
Enterprise Value to NOPAT (EV/NOPAT)	9.19	14.19	16.26	13.39	16.10	16.20	16.39	16.24	17.27	17.46	20.45
Enterprise Value to Operating Cash Flow (EV/OCF)	11.44	18.52	126.07	16.18	18.62	9.38	6.09	6.13	4.82	6.13	7.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	83.18	0.00	66.41	9.32	15.18	8.45	10.08	12.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.86	0.87	1.02	0.85	0.90	0.78	0.72	0.73	0.66	0.58	0.56
Long-Term Debt to Equity	0.21	0.27	0.37	0.24	0.28	0.28	0.22	0.23	0.21	0.16	0.16
Financial Leverage	0.74	0.70	0.82	0.75	0.79	0.72	0.77	0.70	0.68	0.55	0.53
Leverage Ratio	2.21	2.24	2.27	2.21	2.20	2.22	2.25	2.20	2.12	2.06	2.05
Compound Leverage Factor	1.96	1.95	1.90	1.86	1.88	1.91	1.93	1.94	1.87	1.86	1.90
Debt to Total Capital	46.10%	46.63%	50.50%	45.96%	47.40%	43.96%	41.82%	42.21%	39.92%	36.53%	35.86%
Short-Term Debt to Total Capital	34.88%	32.18%	32.05%	32.77%	32.56%	28.44%	28.74%	28.93%	27.55%	26.18%	25.73%
Long-Term Debt to Total Capital	11.22%	14.45%	18.45%	13.19%	14.84%	15.52%	13.08%	13.28%	12.37%	10.35%	10.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.55%	0.55%	0.49%	0.52%	0.50%	0.53%	0.55%	0.56%	0.60%	0.64%	0.64%
Common Equity to Total Capital	53.35%	52.82%	49.01%	53.52%	52.10%	55.52%	57.63%	57.22%	59.48%	62.83%	63.50%
Debt to EBITDA	2.19	2.24	2.77	2.44	2.68	2.41	2.28	2.33	2.24	1.99	2.01
Net Debt to EBITDA	1.94	1.99	2.55	2.21	2.42	2.08	1.95	2.02	1.88	1.66	1.63
Long-Term Debt to EBITDA	0.53	0.70	1.01	0.70	0.84	0.85	0.71	0.73	0.70	0.56	0.57
Debt to NOPAT	4.09	4.28	5.34	4.79	5.25	4.73	4.56	4.76	4.67	4.23	4.28
Net Debt to NOPAT	3.61	3.80	4.92	4.32	4.74	4.09	3.90	4.13	3.91	3.53	3.48
Long-Term Debt to NOPAT	1.00	1.33	1.95	1.37	1.64	1.67	1.43	1.50	1.45	1.20	1.21
Altman Z-Score	3.10	3.50	3.38	3.30	3.41	3.53	3.46	3.36	3.58	3.65	3.82
Noncontrolling Interest Sharing Ratio	1.06%	1.04%	1.01%	0.99%	0.98%	0.98%	0.97%	0.97%	0.97%	0.98%	0.97%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.25	1.35	1.43	1.40	1.40	1.45	1.44	1.39	1.37	1.40	1.46
Quick Ratio	0.26	0.26	0.26	0.27	0.27	0.35	0.31	0.30	0.31	0.33	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-391	-404	-625	-208	-351	-184	333	106	409	293	266
Operating Cash Flow to CapEx	94.83%	106.51%	-203.75%	290.06%	88.86%	305.33%	147.50%	205.14%	381.54%	140.30%	92.11%
Free Cash Flow to Firm to Interest Expense	-27.53	-24.85	-34.76	-10.69	-19.89	-10.87	25.86	8.34	34.90	27.06	41.79
Operating Cash Flow to Interest Expense	6.84	5.20	-8.63	13.90	6.33	23.18	11.94	17.89	31.39	10.41	9.51
Operating Cash Flow Less CapEx to Interest Expense	-0.37	0.32	-12.86	9.11	-0.79	15.59	3.84	9.17	23.16	2.99	-0.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.95	1.94	1.83	1.83	1.77	1.74	1.67	1.67	1.67	1.64	1.58
Accounts Receivable Turnover	32.12	33.02	29.58	30.20	28.66	25.81	26.01	25.74	27.86	23.86	25.66
Inventory Turnover	4.09	3.92	3.57	3.59	3.45	3.50	3.21	3.32	3.41	3.60	3.30
Fixed Asset Turnover	5.50	5.55	5.43	5.34	5.14	5.03	4.96	4.81	4.70	4.49	4.39
Accounts Payable Turnover	34.09	37.93	33.03	35.91	35.78	30.89	25.11	26.72	27.24	25.16	18.20
Days Sales Outstanding (DSO)	11.36	11.05	12.34	12.08	12.74	14.14	14.03	14.18	13.10	15.30	14.22
Days Inventory Outstanding (DIO)	89.21	93.12	102.26	101.55	105.72	104.41	113.78	109.97	106.94	101.50	110.55
Days Payable Outstanding (DPO)	10.71	9.62	11.05	10.16	10.20	11.82	14.53	13.66	13.40	14.51	20.05
Cash Conversion Cycle (CCC)	89.87	94.55	103.55	103.47	108.26	106.74	113.27	110.50	106.65	102.29	104.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,369	3,358	3,793	3,576	3,813	3,629	3,531	3,553	3,481	3,294	3,333
Invested Capital Turnover	2.49	2.55	2.29	2.31	2.18	2.23	2.13	2.16	2.10	2.18	2.12
Increase / (Decrease) in Invested Capital	482	494	710	301	444	271	-262	-23	-332	-221	-198
Enterprise Value (EV)	3,687	5,477	6,076	4,808	5,809	5,812	5,648	5,423	5,495	5,287	6,122
Market Capitalization	2,217	3,990	4,218	3,236	4,079	4,324	4,284	4,024	4,229	4,196	5,058
Book Value per Share	$35.28	$23.54	$24.66	$25.48	$26.45	$27.10	$27.34	$27.68	$28.44	$28.58	$29.49
Tangible Book Value per Share	$27.55	$18.24	$19.31	$20.15	$20.99	$21.69	$21.95	$22.00	$22.78	$22.85	$23.76
Total Capital	3,561	3,542	3,949	3,743	3,998	3,858	3,760	3,764	3,723	3,507	3,573
Total Debt	1,642	1,651	1,994	1,720	1,895	1,696	1,572	1,589	1,486	1,281	1,281
Total Long-Term Debt	400	512	728	494	593	599	492	500	461	363	362
Net Debt	1,450	1,468	1,838	1,553	1,710	1,467	1,344	1,378	1,244	1,068	1,041
Capital Expenditures (CapEx)	102	79	76	93	126	128	104	111	96	80	66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,476	1,543	1,869	1,739	1,825	1,609	1,591	1,555	1,378	1,304	1,372
Debt-free Net Working Capital (DFNWC)	1,668	1,727	2,025	1,906	2,010	1,837	1,820	1,766	1,620	1,517	1,612
Net Working Capital (NWC)	426	587	760	680	708	740	739	677	595	599	693
Net Nonoperating Expense (NNE)	11	11	14	15	13	12	10	9.84	9.37	7.33	5.58
Net Nonoperating Obligations (NNO)	1,450	1,468	1,838	1,553	1,710	1,467	1,344	1,378	1,244	1,068	1,041
Total Depreciation and Amortization (D&A)	57	56	57	57	61	61	61	63	64	64	65
Debt-free, Cash-free Net Working Capital to Revenue	18.97%	19.47%	23.71%	21.99%	23.33%	20.61%	20.44%	20.23%	17.97%	17.55%	18.88%
Debt-free Net Working Capital to Revenue	21.44%	21.79%	25.68%	24.10%	25.69%	23.53%	23.38%	22.98%	21.12%	20.41%	22.18%
Net Working Capital to Revenue	5.47%	7.41%	9.63%	8.60%	9.05%	9.48%	9.49%	8.81%	7.75%	8.06%	9.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.99	$1.00	$0.91	$1.01	$1.00	$0.94	$0.76	$0.93	$0.85	$0.83	$0.79
Adjusted Weighted Average Basic Shares Outstanding	81.23M	77.88M	78.48M	78.27M	79.22M	79.25M	79.66M	78.30M	78.24M	76.94M	77.39M
Adjusted Diluted Earnings per Share	$0.96	$1.00	$0.88	$97.00	$0.97	$0.94	$0.73	$0.90	$0.83	$0.81	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	83.99M	77.88M	81.45M	80.78M	81.88M	79.25M	82.38M	80.49M	80.59M	76.94M	79.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.00	$0.00	$0.00	$0.00	$0.94	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.49M	77.88M	78.61M	78.76M	79.03M	79.25M	77.82M	77.86M	77.08M	76.94M	77.71M
Normalized Net Operating Profit after Tax (NOPAT)	91	89	85	93	92	87	71	83	77	72	67
Normalized NOPAT Margin	4.59%	4.40%	4.54%	4.61%	4.88%	4.34%	3.82%	4.29%	4.11%	4.05%	4.01%
Pre Tax Income Margin	5.43%	5.17%	4.96%	5.18%	5.44%	4.81%	4.24%	5.03%	4.67%	4.65%	4.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.58	7.39	6.16	6.40	6.84	6.65	7.11	8.63	8.50	8.41	12.86
NOPAT to Interest Expense	6.42	5.50	4.74	4.80	5.26	5.16	5.51	6.51	6.58	6.64	10.59
EBIT Less CapEx to Interest Expense	1.37	2.51	1.93	1.61	-0.27	-0.95	-0.98	-0.09	0.27	0.99	2.54
NOPAT Less CapEx to Interest Expense	-0.79	0.62	0.51	0.00	-1.86	-2.43	-2.58	-2.21	-1.65	-0.78	0.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.18%	14.53%	15.94%	17.59%	17.78%	18.20%	19.06%	19.84%	20.97%	21.93%	22.19%
Augmented Payout Ratio	44.54%	75.38%	74.76%	68.55%	54.99%	23.36%	32.58%	62.60%	68.10%	95.19%	84.06%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven snapshot of Rush Enterprises (NASDAQ:RUSHB) using the last four years of quarterly statements. The focus is on trends in revenue, profitability, cash flow, and balance sheet metrics that could impact investors.

Stable gross margin around 19–21%: Across the 2025 quarters, gross margin hovered in the roughly 19.3%–19.9% range (Q4 2025: $348,481,000 gross profit on $1,771,893,000 revenue; Q3 2025: $374,752,000 on $1,880,765,000; Q2 2025: $379,671,000 on $1,930,707,000; Q1 2025: $357,760,000 on $1,850,835,000).
Very strong quarterly operating cash flow in Q3 2025: Net cash from continuing operating activities was about $367.8M, highlighting robust cash generation in a peak quarter.
Positive free cash flow across 2025, with a notable Q3 peak: Free cash flow (operating cash minus capex) was roughly $271M in Q3 2025, about $32M in Q4 2025, with other quarters showing positive FCF (e.g., Q2 around $114M, Q1 around $45M).
Dividend policy remains attractive and stable: Cash dividends per share were $0.18 in Q1–Q2 2025 and $0.19 in Q3–Q4 2025, indicating a consistent payout approach for investors.
Solid liquidity footprint: Cash and cash equivalents commonly around $210–$240M in 2025, providing a liquidity cushion for operations and capex needs (e.g., Q3 2025 cash around $242M; Q4 2025 ends with a lower cash balance after a negative cash flow in the quarter).
Margins remain steady: Operating margin remains near 5% and gross margin stays in the 19–21% band across 2023–2025, indicating consistent profitability.
Revenue tends to stay in a roughly 1.8B–2.0B quarterly range, with seasonal dips: For example, Q4 2025 revenue was about $1.77B vs. Q4 2024 around $2.01B, suggesting seasonality or cyclical demand factors.
EPS shows modest quarterly volatility: 2025 diluted EPS ranges roughly from $0.81 to $0.93 across quarters, reflecting typical quarterly variation while staying above $0.75 per share.
2025 top-line and earnings softness vs 2024: Q4 2025 revenue (~$1.77B) declines about 12% year over year from Q4 2024 (~$2.01B), and net income to common for Q4 2025 (~$64.3M) is down from Q4 2024 (~$74.8M).
Debt levels and leverage warrant monitoring: As of mid-2025, short-term debt sits near $1.02B and long-term debt around $263M, with ongoing debt issuances in 2025 to support growth, keeping leverage a consideration for equity investors.

05/18/26 04:00 PM ETAI Generated. May Contain Errors.

Rush Enterprises Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rush Enterprises' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Rush Enterprises' net income appears to be on an upward trend, with a most recent value of $266.04 million in 2025, rising from $66.05 million in 2015. The previous period was $304.97 million in 2024. View Rush Enterprises' forecast to see where analysts expect Rush Enterprises to go next.

Rush Enterprises' total operating income in 2025 was $393.76 million, based on the following breakdown:

Total Gross Profit: $1.46 billion
Total Operating Expenses: $1.07 billion

Over the last 10 years, Rush Enterprises' total revenue changed from $4.98 billion in 2015 to $7.43 billion in 2025, a change of 49.3%.

Rush Enterprises' total liabilities were at $2.20 billion at the end of 2025, a 10.2% decrease from 2024, and a 9.8% increase since 2015.

In the past 10 years, Rush Enterprises' cash and equivalents has ranged from $64.85 million in 2015 to $312.05 million in 2020, and is currently $212.65 million as of their latest financial filing in 2025.

Over the last 10 years, Rush Enterprises' book value per share changed from 20.93 in 2015 to 28.58 in 2025, a change of 36.6%.

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Financial statements for NASDAQ:RUSHA last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Rush Enterprises (RUSHA) Financials

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