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Rush Enterprises (RUSHB) Financials

Rush Enterprises logo
$68.58 +0.25 (+0.37%)
Closing price 05/8/2026 04:00 PM Eastern
Extended Trading
$68.58 0.00 (-0.01%)
As of 05/8/2026 04:10 PM Eastern
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Annual Income Statements for Rush Enterprises

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

Quarterly Income Statements for Rush Enterprises

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 98 80 78 72 79 79 75 60 72 67 64
Consolidated Net Income / (Loss)		 99 81 78 71 79 79 75 61 73 68 65
Net Income / (Loss) Continuing Operations		 99 81 78 71 79 79 75 61 73 68 65
Total Pre-Tax Income 		131 108 105 93 105 103 97 79 97 88 82
Total Operating Income		 143 122 120 111 124 121 112 92 110 100 92
Total Gross Profit		 414 394 386 390 392 379 370 358 380 375 348
Total Revenue		 2,003 1,981 2,029 1,872 2,027 1,896 2,010 1,851 1,931 1,881 1,772
Operating Revenue		 2,003 1,981 2,029 1,872 2,027 1,896 2,010 1,851 1,931 1,881 1,772
Total Cost of Revenue		 1,589 1,586 1,643 1,482 1,635 1,517 1,639 1,493 1,551 1,506 1,423
Operating Cost of Revenue		 1,589 1,586 1,643 1,482 1,635 1,517 1,639 1,493 1,551 1,506 1,423
Total Operating Expenses		 271 273 266 279 268 258 258 266 269 275 257
Selling, General & Admin Expense		 257 257 251 264 251 240 241 249 252 256 239
Depreciation Expense		 15 16 15 16 16 19 17 17 18 18 18
Other Special Charges / (Income)		 -0.25 -0.22 -0.25 -0.15 0.05 -0.59 -0.12 -0.17 -0.13 0.16 -0.28
Total Other Income / (Expense), net		 -12 -14 -15 -18 -19 -18 -16 -13 -13 -12 -9.33
Interest Expense		 12 14 16 18 19 18 17 13 13 12 11
Other Income / (Expense), net		 -0.10 0.13 0.21 0.18 0.04 0.15 0.21 -0.44 -0.37 -0.44 -0.41
Income Tax Expense		 32 27 27 21 26 24 21 18 24 20 18
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.25 0.36 0.07 -0.12 0.12 0.29 0.53 0.30 0.55 1.05 0.37
Basic Earnings per Share		 $1.20 $0.99 $1.00 $0.91 $1.01 $1.00 $0.94 $0.76 $0.93 $0.85 $0.83
Weighted Average Basic Shares Outstanding		 81.69M 81.23M 77.88M 78.48M 78.27M 79.22M 79.25M 79.66M 78.30M 78.24M 76.94M
Diluted Earnings per Share		 $1.17 $0.96 $1.00 $0.88 $97.00 $0.97 $0.94 $0.73 $0.90 $0.83 $0.81
Weighted Average Diluted Shares Outstanding		 84.16M 83.99M 77.88M 81.45M 80.78M 81.88M 79.25M 82.38M 80.49M 80.59M 76.94M
Weighted Average Basic & Diluted Shares Outstanding		 53.84M 79.49M 77.88M 78.61M 78.76M 79.03M 79.25M 77.82M 77.86M 77.08M 76.94M
Cash Dividends to Common per Share		 $0.14 $0.17 $0.17 $0.17 $0.17 $0.18 $0.18 $0.18 $0.18 $0.19 $0.19

Annual Cash Flow Statements for Rush Enterprises

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

Quarterly Cash Flow Statements for Rush Enterprises

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
Net Change in Cash & Equivalents		 -34 0.18 -8.31 -28 25 18 43 0.60 -18 31 -29
Net Cash From Operating Activities		 22 97 85 -155 271 112 392 154 228 368 113
Net Cash From Continuing Operating Activities		 22 97 85 -155 271 112 392 154 228 368 113
Net Income / (Loss) Continuing Operations		 99 81 78 71 79 79 75 61 73 68 65
Consolidated Net Income / (Loss)		 99 81 78 71 79 79 75 61 73 68 65
Depreciation Expense		 55 57 56 57 57 61 61 61 63 64 64
Non-Cash Adjustments To Reconcile Net Income		 5.70 -7.29 47 -3.77 -44 -4.38 29 0.98 18 -0.39 -98
Changes in Operating Assets and Liabilities, net		 -137 -33 -96 -280 178 -24 228 30 74 237 82
Net Cash From Investing Activities		 -93 -102 -96 -69 -92 -145 -140 -97 -136 -98 -87
Net Cash From Continuing Investing Activities		 -93 -102 -96 -69 -78 -145 -140 -97 -136 -98 -87
Purchase of Property, Plant & Equipment		 -96 -103 -80 -79 -93 -132 -129 -108 -114 -97 -81
Acquisitions		 - - -16 - - - -0.00 - - -0.14 -0.05
Sale of Property, Plant & Equipment		 1.02 0.75 0.32 3.04 0.10 5.96 0.34 4.32 2.90 0.16 0.53
Sale and/or Maturity of Investments		 - - - 0.00 - - - 4.33 1.33 -2.83 -4.87
Other Investing Activities, net		 1.10 0.32 -0.55 6.91 15 -2.59 -1.74 3.26 -1.96 1.37 -1.50
Net Cash From Financing Activities		 37 5.14 3.12 196 -167 51 -209 -56 -110 -239 -55
Net Cash From Continuing Financing Activities		 37 5.14 3.12 196 -167 51 -209 -56 -110 -239 -56
Repayment of Debt		 -414 -278 -329 -587 -614 -434 -212 -293 -349 -343 -267
Repurchase of Common Equity		 -40 -43 -105 -5.63 -3.92 -0.27 -5.94 -30 -87 -7.36 -70
Payment of Dividends		 -11 -14 -13 -14 -13 -14 -14 -14 -15 -15 -15
Issuance of Debt		 396 342 434 699 486 436 223 288 356 194 279
Issuance of Common Equity		 3.48 5.01 3.34 9.36 2.10 8.77 5.15 6.15 1.71 7.16 1.28
Other Financing Activities, net		 103 -6.69 13 95 -25 54 -205 -14 -16 -75 17
Cash Interest Paid		 13 15 16 19 22 20 18 12 17 14 11
Cash Income Taxes Paid		 - - 26 0.52 - - 12 1.82 19 22 35

Annual Balance Sheets for Rush Enterprises

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 1,081 918
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 54
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 88
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 84 108 129 126 142
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

Quarterly Balance Sheets for Rush Enterprises

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

Annual Metrics And Ratios for Rush Enterprises

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%

Quarterly Metrics And Ratios for Rush Enterprises

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.82% 6.25% 7.78% -2.08% 1.20% -4.27% -0.98% -1.13% -4.75% -0.81% -11.83%
EBITDA Growth		 2.47% 0.09% -6.89% -8.91% -7.81% 2.08% -1.84% -8.77% -5.02% -10.21% -10.05%
EBIT Growth		 -0.41% -4.00% -11.98% -14.86% -12.78% -0.70% -6.55% -17.47% -11.80% -17.63% -18.86%
NOPAT Growth		 1.16% -4.57% -14.48% -12.50% -13.44% 1.89% -2.38% -16.80% -11.26% -16.99% -17.57%
Net Income Growth		 -10.98% -11.06% -20.53% -21.26% -20.04% -1.51% -3.63% -15.21% -7.35% -14.71% -14.06%
EPS Growth		 -10.98% -9.43% -44.75% -17.76% 8,190.60% 1.04% -6.00% -17.05% -99.07% -14.43% -13.83%
Operating Cash Flow Growth		 -8.66% -22.45% -23.79% -267.69% 1,155.58% 15.15% 363.39% 199.02% -15.87% 229.13% -71.22%
Free Cash Flow Firm Growth		 50.37% 52.42% 46.48% -19.23% 33.13% 10.10% 54.52% 153.24% 151.02% 216.43% 517.94%
Invested Capital Growth		 14.67% 16.69% 17.25% 23.03% 9.20% 13.19% 8.08% -6.90% -0.65% -8.70% -6.30%
Revenue Q/Q Growth		 4.77% -1.11% 2.46% -7.76% 8.28% -6.46% 5.98% -7.90% 4.32% -2.59% -5.79%
EBITDA Q/Q Growth		 7.28% -9.67% -1.13% -4.94% 8.58% 0.02% -4.92% -11.66% 13.04% -5.44% -4.75%
EBIT Q/Q Growth		 9.71% -14.72% -1.16% -7.94% 12.40% -2.91% -6.98% -18.70% 20.13% -9.33% -8.38%
NOPAT Q/Q Growth		 10.75% -15.45% -1.83% -4.81% 9.57% -0.48% -5.94% -18.88% 16.86% -6.91% -6.59%
Net Income Q/Q Growth		 8.52% -18.16% -3.13% -8.48% 10.20% 0.81% -5.22% -19.48% 20.41% -7.19% -4.49%
EPS Q/Q Growth		 8.52% -17.95% 4.17% -12.00% 10,922.73% -99.00% -3.09% -22.34% 23.29% -7.78% -2.41%
Operating Cash Flow Q/Q Growth		 -76.69% 350.32% -12.77% -283.16% 274.51% -58.70% 251.06% -60.86% 48.27% 61.57% -69.30%
Free Cash Flow Firm Q/Q Growth		 40.64% -25.62% -3.51% -18.69% 66.71% -68.88% 47.64% 280.83% -68.10% 285.40% -28.25%
Invested Capital Q/Q Growth		 6.21% 2.87% -0.32% 8.99% -5.72% 6.63% -4.81% -2.70% 0.61% -2.02% -5.37%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 20.66% 19.91% 19.02% 20.83% 19.36% 19.99% 18.42% 19.33% 19.66% 19.93% 19.67%
EBITDA Margin		 9.86% 9.00% 8.69% 8.95% 8.98% 9.60% 8.61% 8.26% 8.95% 8.69% 8.79%
Operating Margin		 7.13% 6.14% 5.92% 5.91% 6.14% 6.37% 5.59% 4.96% 5.71% 5.32% 5.17%
EBIT Margin		 7.13% 6.15% 5.93% 5.92% 6.14% 6.38% 5.60% 4.94% 5.69% 5.30% 5.15%
Profit (Net Income) Margin		 4.92% 4.07% 3.85% 3.82% 3.89% 4.19% 3.75% 3.28% 3.78% 3.60% 3.65%
Tax Burden Percent		 75.48% 74.97% 74.51% 77.02% 74.99% 76.93% 77.85% 77.15% 75.16% 77.09% 78.59%
Interest Burden Percent		 91.43% 88.34% 87.12% 83.78% 84.37% 85.39% 85.99% 85.93% 88.41% 88.23% 90.22%
Effective Tax Rate		 24.52% 25.03% 25.49% 22.98% 25.01% 23.07% 22.15% 22.85% 24.84% 22.91% 21.41%
Return on Invested Capital (ROIC)		 13.46% 11.45% 11.23% 10.44% 10.63% 10.68% 9.71% 8.14% 9.25% 8.62% 8.88%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.74% 10.65% 10.35% 9.55% 9.64% 9.82% 8.89% 7.49% 8.58% 7.99% 8.27%
Return on Net Nonoperating Assets (RNNOA)		 9.47% 7.89% 7.28% 7.80% 7.25% 7.72% 6.44% 5.76% 5.99% 5.44% 4.57%
Return on Equity (ROE)		 22.93% 19.33% 18.51% 18.24% 17.88% 18.39% 16.15% 13.90% 15.24% 14.06% 13.44%
Cash Return on Invested Capital (CROIC)		 -0.44% -2.58% -3.47% -9.78% 1.69% -2.32% 2.50% 16.56% 10.02% 17.82% 15.40%
Operating Return on Assets (OROA)		 14.01% 12.01% 11.48% 10.85% 11.26% 11.25% 9.73% 8.25% 9.48% 8.83% 8.46%
Return on Assets (ROA)		 9.67% 7.96% 7.45% 7.00% 7.12% 7.39% 6.51% 5.47% 6.30% 6.01% 6.00%
Return on Common Equity (ROCE)		 22.69% 19.13% 18.32% 18.06% 17.71% 18.21% 15.99% 13.76% 15.10% 13.93% 13.31%
Return on Equity Simple (ROE_SIMPLE)		 20.25% 19.39% 0.00% 16.99% 15.42% 14.78% 0.00% 13.57% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 108 91 90 85 93 93 87 71 83 77 72
NOPAT Margin		 5.38% 4.60% 4.41% 4.55% 4.61% 4.90% 4.35% 3.83% 4.29% 4.10% 4.07%
Net Nonoperating Expense Percent (NNEP)		 0.71% 0.79% 0.89% 0.89% 0.99% 0.85% 0.82% 0.65% 0.67% 0.63% 0.61%
Return On Investment Capital (ROIC_SIMPLE)		 - - 2.53% - - - 2.27% 1.89% 2.20% 2.07% 2.05%
Cost of Revenue to Revenue		 79.34% 80.09% 80.98% 79.17% 80.64% 80.01% 81.58% 80.67% 80.34% 80.07% 80.33%
SG&A Expenses to Revenue		 12.82% 12.98% 12.37% 14.08% 12.40% 12.64% 11.98% 13.44% 13.05% 13.63% 13.49%
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		 13.53% 13.77% 13.10% 14.92% 13.22% 13.62% 12.83% 14.37% 13.96% 14.61% 14.49%
Earnings before Interest and Taxes (EBIT)		 143 122 120 111 125 121 112 91 110 100 91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 197 178 176 168 182 182 173 153 173 163 156
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.19 1.17 2.13 2.18 1.62 1.96 2.02 1.98 1.87 1.91 1.90
Price to Tangible Book Value (P/TBV)		 1.53 1.50 2.75 2.78 2.04 2.47 2.52 2.46 2.35 2.38 2.38
Price to Revenue (P/Rev)		 0.29 0.29 0.50 0.54 0.41 0.52 0.55 0.55 0.52 0.55 0.56
Price to Earnings (P/E)		 5.87 6.04 11.50 12.85 10.49 13.27 14.22 14.63 14.04 15.42 15.91
Dividend Yield		 1.41% 1.47% 1.25% 1.22% 1.63% 1.63% 1.28% 1.33% 1.40% 1.37% 1.37%
Earnings Yield		 17.05% 16.57% 8.70% 7.78% 9.54% 7.54% 7.03% 6.84% 7.12% 6.48% 6.29%
Enterprise Value to Invested Capital (EV/IC)		 1.11 1.09 1.63 1.60 1.34 1.52 1.60 1.60 1.53 1.58 1.60
Enterprise Value to Revenue (EV/Rev)		 0.47 0.47 0.69 0.77 0.61 0.74 0.74 0.73 0.71 0.72 0.71
Enterprise Value to EBITDA (EV/EBITDA)		 4.83 4.92 7.44 8.44 6.83 8.20 8.25 8.19 7.96 8.30 8.20
Enterprise Value to EBIT (EV/EBIT)		 6.75 6.94 10.64 12.26 10.07 12.19 12.40 12.57 12.48 13.30 13.48
Enterprise Value to NOPAT (EV/NOPAT)		 8.93 9.19 14.19 16.26 13.39 16.10 16.20 16.39 16.24 17.27 17.46
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.34 11.44 18.52 126.07 16.18 18.62 9.38 6.09 6.13 4.82 6.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 83.18 0.00 66.41 9.32 15.18 8.45 10.08
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.84 0.86 0.87 1.02 0.85 0.90 0.78 0.72 0.73 0.66 0.58
Long-Term Debt to Equity		 0.23 0.21 0.27 0.37 0.24 0.28 0.28 0.22 0.23 0.21 0.16
Financial Leverage		 0.74 0.74 0.70 0.82 0.75 0.79 0.72 0.77 0.70 0.68 0.55
Leverage Ratio		 2.22 2.21 2.24 2.27 2.21 2.20 2.22 2.25 2.20 2.12 2.06
Compound Leverage Factor		 2.03 1.96 1.95 1.90 1.86 1.88 1.91 1.93 1.94 1.87 1.86
Debt to Total Capital		 45.56% 46.10% 46.63% 50.50% 45.96% 47.40% 43.96% 41.82% 42.21% 39.92% 36.53%
Short-Term Debt to Total Capital		 32.90% 34.88% 32.18% 32.05% 32.77% 32.56% 28.44% 28.74% 28.93% 27.55% 26.18%
Long-Term Debt to Total Capital		 12.66% 11.22% 14.45% 18.45% 13.19% 14.84% 15.52% 13.08% 13.28% 12.37% 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		 0.55% 0.55% 0.55% 0.49% 0.52% 0.50% 0.53% 0.55% 0.56% 0.60% 0.64%
Common Equity to Total Capital		 53.89% 53.35% 52.82% 49.01% 53.52% 52.10% 55.52% 57.63% 57.22% 59.48% 62.83%
Debt to EBITDA		 2.11 2.19 2.24 2.77 2.44 2.68 2.41 2.28 2.33 2.24 1.99
Net Debt to EBITDA		 1.85 1.94 1.99 2.55 2.21 2.42 2.08 1.95 2.02 1.88 1.66
Long-Term Debt to EBITDA		 0.59 0.53 0.70 1.01 0.70 0.84 0.85 0.71 0.73 0.70 0.56
Debt to NOPAT		 3.90 4.09 4.28 5.34 4.79 5.25 4.73 4.56 4.76 4.67 4.23
Net Debt to NOPAT		 3.42 3.61 3.80 4.92 4.32 4.74 4.09 3.90 4.13 3.91 3.53
Long-Term Debt to NOPAT		 1.08 1.00 1.33 1.95 1.37 1.64 1.67 1.43 1.50 1.45 1.20
Altman Z-Score		 3.22 3.10 3.50 3.38 3.30 3.41 3.53 3.46 3.36 3.58 3.65
Noncontrolling Interest Sharing Ratio		 1.06% 1.06% 1.04% 1.01% 0.99% 0.98% 0.98% 0.97% 0.97% 0.97% 0.98%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.29 1.25 1.35 1.43 1.40 1.40 1.45 1.44 1.39 1.37 1.40
Quick Ratio		 0.26 0.26 0.26 0.26 0.27 0.27 0.35 0.31 0.30 0.31 0.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -311 -391 -404 -625 -208 -351 -184 333 106 409 293
Operating Cash Flow to CapEx		 22.80% 94.83% 106.51% -203.75% 290.06% 88.86% 305.33% 147.50% 205.14% 381.54% 140.30%
Free Cash Flow to Firm to Interest Expense		 -25.42 -27.53 -24.85 -34.76 -10.69 -19.89 -10.87 25.86 8.34 34.90 27.06
Operating Cash Flow to Interest Expense		 1.76 6.84 5.20 -8.63 13.90 6.33 23.18 11.94 17.89 31.39 10.41
Operating Cash Flow Less CapEx to Interest Expense		 -5.96 -0.37 0.32 -12.86 9.11 -0.79 15.59 3.84 9.17 23.16 2.99
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.97 1.95 1.94 1.83 1.83 1.77 1.74 1.67 1.67 1.67 1.64
Accounts Receivable Turnover		 32.67 32.12 33.02 29.58 30.20 28.66 25.81 26.01 25.74 27.86 23.86
Inventory Turnover		 4.18 4.09 3.92 3.57 3.59 3.45 3.50 3.21 3.32 3.41 3.60
Fixed Asset Turnover		 5.49 5.50 5.55 5.43 5.34 5.14 5.03 4.96 4.81 4.70 4.49
Accounts Payable Turnover		 33.57 34.09 37.93 33.03 35.91 35.78 30.89 25.11 26.72 27.24 25.16
Days Sales Outstanding (DSO)		 11.17 11.36 11.05 12.34 12.08 12.74 14.14 14.03 14.18 13.10 15.30
Days Inventory Outstanding (DIO)		 87.36 89.21 93.12 102.26 101.55 105.72 104.41 113.78 109.97 106.94 101.50
Days Payable Outstanding (DPO)		 10.87 10.71 9.62 11.05 10.16 10.20 11.82 14.53 13.66 13.40 14.51
Cash Conversion Cycle (CCC)		 87.66 89.87 94.55 103.55 103.47 108.26 106.74 113.27 110.50 106.65 102.29
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,275 3,369 3,358 3,793 3,576 3,813 3,629 3,531 3,553 3,481 3,294
Invested Capital Turnover		 2.50 2.49 2.55 2.29 2.31 2.18 2.23 2.13 2.16 2.10 2.18
Increase / (Decrease) in Invested Capital		 419 482 494 710 301 444 271 -262 -23 -332 -221
Enterprise Value (EV)		 3,620 3,687 5,477 6,076 4,808 5,809 5,812 5,648 5,423 5,495 5,287
Market Capitalization		 2,214 2,217 3,990 4,218 3,236 4,079 4,324 4,284 4,024 4,229 4,196
Book Value per Share		 $34.41 $35.28 $23.54 $24.66 $25.48 $26.45 $27.10 $27.34 $27.68 $28.44 $28.58
Tangible Book Value per Share		 $26.72 $27.55 $18.24 $19.31 $20.15 $20.99 $21.69 $21.95 $22.00 $22.78 $22.85
Total Capital		 3,467 3,561 3,542 3,949 3,743 3,998 3,858 3,760 3,764 3,723 3,507
Total Debt		 1,579 1,642 1,651 1,994 1,720 1,895 1,696 1,572 1,589 1,486 1,281
Total Long-Term Debt		 439 400 512 728 494 593 599 492 500 461 363
Net Debt		 1,387 1,450 1,468 1,838 1,553 1,710 1,467 1,344 1,378 1,244 1,068
Capital Expenditures (CapEx)		 95 102 79 76 93 126 128 104 111 96 80
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,415 1,476 1,543 1,869 1,739 1,825 1,609 1,591 1,555 1,378 1,304
Debt-free Net Working Capital (DFNWC)		 1,607 1,668 1,727 2,025 1,906 2,010 1,837 1,820 1,766 1,620 1,517
Net Working Capital (NWC)		 467 426 587 760 680 708 740 739 677 595 599
Net Nonoperating Expense (NNE)		 9.31 11 11 14 15 13 12 10 9.84 9.37 7.33
Net Nonoperating Obligations (NNO)		 1,387 1,450 1,468 1,838 1,553 1,710 1,467 1,344 1,378 1,244 1,068
Total Depreciation and Amortization (D&A)		 55 57 56 57 57 61 61 61 63 64 64
Debt-free, Cash-free Net Working Capital to Revenue		 18.47% 18.97% 19.47% 23.71% 21.99% 23.33% 20.61% 20.44% 20.23% 17.97% 17.55%
Debt-free Net Working Capital to Revenue		 20.98% 21.44% 21.79% 25.68% 24.10% 25.69% 23.53% 23.38% 22.98% 21.12% 20.41%
Net Working Capital to Revenue		 6.09% 5.47% 7.41% 9.63% 8.60% 9.05% 9.48% 9.49% 8.81% 7.75% 8.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.20 $0.99 $1.00 $0.91 $1.01 $1.00 $0.94 $0.76 $0.93 $0.85 $0.83
Adjusted Weighted Average Basic Shares Outstanding		 81.69M 81.23M 77.88M 78.48M 78.27M 79.22M 79.25M 79.66M 78.30M 78.24M 76.94M
Adjusted Diluted Earnings per Share		 $1.17 $0.96 $1.00 $0.88 $97.00 $0.97 $0.94 $0.73 $0.90 $0.83 $0.81
Adjusted Weighted Average Diluted Shares Outstanding		 84.16M 83.99M 77.88M 81.45M 80.78M 81.88M 79.25M 82.38M 80.49M 80.59M 76.94M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $1.00 $0.00 $0.00 $0.00 $0.94 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 80.75M 79.49M 77.88M 78.61M 78.76M 79.03M 79.25M 77.82M 77.86M 77.08M 76.94M
Normalized Net Operating Profit after Tax (NOPAT)		 108 91 89 85 93 92 87 71 83 77 72
Normalized NOPAT Margin		 5.37% 4.59% 4.40% 4.54% 4.61% 4.88% 4.34% 3.82% 4.29% 4.11% 4.05%
Pre Tax Income Margin		 6.52% 5.43% 5.17% 4.96% 5.18% 5.44% 4.81% 4.24% 5.03% 4.67% 4.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 11.67 8.58 7.39 6.16 6.40 6.84 6.65 7.11 8.63 8.50 8.41
NOPAT to Interest Expense		 8.81 6.42 5.50 4.74 4.80 5.26 5.16 5.51 6.51 6.58 6.64
EBIT Less CapEx to Interest Expense		 3.94 1.37 2.51 1.93 1.61 -0.27 -0.95 -0.98 -0.09 0.27 0.99
NOPAT Less CapEx to Interest Expense		 1.09 -0.79 0.62 0.51 0.00 -1.86 -2.43 -2.58 -2.21 -1.65 -0.78
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 12.27% 13.18% 14.53% 15.94% 17.59% 17.78% 18.20% 19.06% 19.84% 20.97% 21.93%
Augmented Payout Ratio		 39.97% 44.54% 75.38% 74.76% 68.55% 54.99% 23.36% 32.58% 62.60% 68.10% 95.19%

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.
05/09/26 07:57 AM 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. See Rush Enterprises' forecast for analyst expectations on what's next for the company.

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:RUSHB last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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