NASDAQ : RUSHA
Rush Enterprises, Inc. — Financial statements
Consumer Discretionary · Auto & Truck Dealerships · United States
Last price 42.98 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.02B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Rush Enterprises, Inc. (RUSHA) reported revenue of 7.47B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 7.43B | 7.40B | 7.76B | 7.87B | 7.05B | 5.08B |
| Other Revenue | 37.17M | 37.89M | 44.96M | 51.13M | 55.60M | 45.59M |
| Revenue | 7.47B | 7.43B | 7.80B | 7.93B | 7.10B | 5.13B |
| Cost of Revenue | 6.02B | 5.97B | 6.26B | 6.33B | 5.61B | 4.03B |
| Gross Profit | 1.45B | 1.47B | 1.54B | 1.60B | 1.49B | 1.09B |
| Selling, General & Admin | 994.93M | 1.00B | 1.00B | 1.03B | 927.84M | 731.34M |
| Operating Expenses | 1.07B | 1.08B | 1.07B | 1.09B | 983.50M | 784.69M |
| Operating Income | 379.29M | 393.34M | 467.28M | 511.54M | 503.66M | 307.60M |
| Interest Expense | -27.35M | -48.15M | -72.02M | -53.69M | -19.76M | -2.43M |
| Interest & Investment Income | 1.92M | 1.92M | 1.17M | 777.00K | 639.00K | 657.00K |
| Other Non Operating Income (Expenses) | -1.21M | -1.66M | 583.00K | 2.60M | 2.84M | 6.42M |
| EBT Excluding Unusual Items | 352.64M | 345.45M | 397.01M | 461.22M | 487.37M | 312.25M |
| Gain (Loss) on Sale of Investments | 19.50M | |||||
| Gain (Loss) on Sale of Assets | -242.00K | 412.00K | 809.00K | 843.00K | 2.46M | 1.43M |
| Pretax Income | 352.40M | 345.87M | 397.81M | 462.06M | 509.33M | 313.68M |
| Income Tax Expense | 74.12M | 79.83M | 92.84M | 114.00M | 117.24M | 72.27M |
| Earnings From Continuing Operations | 278.28M | 266.04M | 304.97M | 348.06M | 392.08M | 241.41M |
| Minority Interest in Earnings | -1.69M | -2.26M | -817.00K | -1.01M | -703.00K | |
| Net Income | 276.59M | 263.78M | 304.15M | 347.06M | 391.38M | 241.41M |
| Net Income to Common | 276.59M | 263.78M | 304.15M | 347.06M | 391.38M | 241.41M |
| Shares Outstanding (Basic) | 116.50M | 117.57M | 118.59M | 121.63M | 124.65M | 125.76M |
| Shares Outstanding (Diluted) | 119.98M | 121.09M | 122.73M | 125.58M | 128.59M | 130.23M |
| EPS (Basic) | 2.37 | 2.24 | 2.56 | 2.85 | 3.14 | 1.92 |
| EPS (Diluted) | 2.30 | 2.18 | 2.48 | 2.77 | 3.05 | 1.85 |
| Free Cash Flow | 462.01M | 186.50M | -73.17M | 51.34M | 255.17M | |
| Free Cash Flow Per Share | 3.81 | 1.52 | -0.58 | 0.40 | 1.96 | |
| Dividend Per Share | 0.51 | 0.49 | 0.47 | 0.41 | 0.35 | 0.33 |
| Gross Margin | 19.40% | 19.75% | 19.74% | 20.18% | 20.94% | 21.31% |
| Operating Margin | 5.08% | 5.29% | 5.99% | 6.46% | 7.09% | 6.00% |
| Profit Margin | 3.70% | 3.55% | 3.90% | 4.38% | 5.51% | 4.71% |
| Free Cash Flow Margin | 6.21% | 2.39% | -0.92% | 0.72% | 4.98% | |
| EBITDA | 639.43M | 646.19M | 703.38M | 732.68M | 702.81M | 477.10M |
| EBITDA Margin | 8.56% | 8.69% | 9.01% | 9.25% | 9.90% | 9.31% |
| D&A For EBITDA | 260.14M | 252.84M | 236.10M | 221.14M | 199.15M | 169.50M |
| EBIT | 379.29M | 393.34M | 467.28M | 511.54M | 503.66M | 307.60M |
| EBIT Margin | 5.08% | 5.29% | 5.99% | 6.46% | 7.09% | 6.00% |
| Effective Tax Rate | 21.03% | 23.08% | 23.34% | 24.67% | 23.02% | 23.04% |
| Revenue as Reported | 7.47B | 7.43B | 7.80B | 7.93B | 7.10B | 5.13B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 226.40M | 212.65M | 228.13M | 183.72M | 201.04M | 148.15M |
| Cash & Short-Term Investments | 226.40M | 212.65M | 228.13M | 183.72M | 201.04M | 148.15M |
| Accounts Receivable | 333.43M | 255.03M | 327.26M | 235.72M | 190.88M | 114.18M |
| Other Receivables | 22.75M | 18.09M | 23.63M | 29.78M | 26.00M | |
| Receivables | 344.04M | 289.36M | 354.88M | 259.35M | 220.65M | 140.19M |
| Inventory | 1.72B | 1.53B | 1.79B | 1.80B | 1.43B | 1.02B |
| Prepaid Expenses | 26.23M | 54.66M | 18.96M | 15.78M | 16.62M | 15.99M |
| Total Current Assets | 2.32B | 2.09B | 2.39B | 2.26B | 1.87B | 1.32B |
| Property, Plant & Equipment | 1.82B | 1.82B | 1.73B | 1.61B | 1.47B | 1.35B |
| Goodwill | 469.03M | 441.62M | 427.49M | 420.71M | 416.36M | 370.33M |
| Other Intangible Assets | 12.00M | 12.00M | 12.00M | 12.30M | 14.10M | |
| Long-Term Accounts Receivable | 4.10M | |||||
| Other Long-Term Assets | 128.61M | 62.81M | 61.30M | 62.98M | 53.38M | 63.88M |
| Total Assets | 4.74B | 4.43B | 4.62B | 4.36B | 3.82B | 3.12B |
| Accounts Payable | 302.97M | 230.76M | 244.02M | 162.13M | 171.72M | 122.29M |
| Accrued Expenses | 177.34M | 169.39M | 152.81M | 165.85M | 158.00M | 126.83M |
| Short-Term Debt | 964.53M | 917.96M | 1.08B | 1.14B | 933.20M | 630.73M |
| Current Portion of Long-Term Debt | 121.00K | 127.00K | ||||
| Current Portion of Leases | 51.25M | 53.80M | 54.34M | 53.56M | 44.21M | 38.79M |
| Other Current Liabilities | 109.55M | 120.05M | 117.75M | 152.03M | 121.54M | 84.86M |
| Total Current Liabilities | 1.61B | 1.49B | 1.65B | 1.67B | 1.43B | 1.00B |
| Long-Term Debt | 269.70M | 274.80M | 408.44M | 414.00M | 275.43M | 334.93M |
| Long-Term Leases | 189.10M | 195.85M | 190.11M | 202.13M | 182.51M | 147.81M |
| Long-Term Deferred Tax Liabilities | 215.90M | 207.73M | 178.92M | 159.57M | 151.97M | 140.47M |
| Other Long-Term Liabilities | 40.05M | 34.23M | 28.06M | 24.81M | 19.45M | 26.51M |
| Total Liabilities | 2.32B | 2.20B | 2.46B | 2.47B | 2.06B | 1.65B |
| Common Stock | 1.17M | 835.00K | 824.00K | 806.00K | 572.00K | 563.00K |
| Additional Paid-In Capital | 680.13M | 634.27M | 587.64M | 542.05M | 500.64M | 470.75M |
| Retained Earnings | 1.73B | 1.90B | 1.70B | 1.45B | 1.38B | 1.03B |
| Treasury Stock | -10.34M | -331.15M | -136.24M | -119.83M | -130.93M | -36.93M |
| Comprehensive Income & Other | -10.26M | -4.81M | -9.29M | -2.16M | -4.13M | 787.00K |
| Total Common Equity | 2.39B | 2.20B | 2.14B | 1.87B | 1.74B | 1.47B |
| Minority Interest | 23.94M | 22.61M | 20.35M | 19.54M | 18.53M | |
| Shareholders' Equity | 2.42B | 2.23B | 2.16B | 1.89B | 1.76B | 1.47B |
| Total Liabilities & Equity | 4.74B | 4.43B | 4.62B | 4.36B | 3.82B | 3.12B |
| Total Debt | 1.47B | 1.44B | 1.73B | 1.81B | 1.44B | 1.15B |
| Net Cash (Debt) | -1.25B | -1.23B | -1.51B | -1.63B | -1.23B | -1.00B |
| Net Cash Per Share | -10.40 | -10.16 | -12.27 | -12.95 | -9.60 | -7.71 |
| Filing Date Shares Outstanding | 116.79M | 115.41M | 118.87M | 116.82M | 122.34M | 124.63M |
| Total Common Shares Outstanding | 116.79M | 114.83M | 118.90M | 116.74M | 122.46M | 124.89M |
| Working Capital | 713.19M | 599.05M | 739.60M | 586.99M | 439.07M | 320.95M |
| Book Value Per Share | 20.50 | 19.19 | 18.01 | 16.03 | 14.24 | 11.74 |
| Tangible Book Value | 1.93B | 1.75B | 1.70B | 1.44B | 1.32B | 1.08B |
| Tangible Book Value Per Share | 16.48 | 15.24 | 14.31 | 12.32 | 10.74 | 8.67 |
| Land | 172.77M | 174.96M | 172.40M | 162.64M | 156.17M | |
| Buildings | 645.48M | 616.52M | 591.99M | 570.60M | 552.97M | |
| Machinery | 1.76B | 1.66B | 1.51B | 1.38B | 1.23B | |
| Construction In Progress | 34.28M | 14.00M | 31.04M | 14.59M | 6.66M | |
| Leasehold Improvements | 49.05M | 47.52M | 43.09M | 42.24M | 39.66M | |
| Order Backlog | 1.11B | 1.51B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 263.78M | 304.15M | 347.06M | 391.38M | 241.41M | |
| Depreciation & Amortization | 252.84M | 236.10M | 221.14M | 199.15M | 169.50M | |
| Loss (Gain) From Sale of Assets | -412.00K | -809.00K | -843.00K | -2.47M | -1.43M | |
| Loss (Gain) on Equity Investments | -12.50M | |||||
| Stock-Based Compensation | 31.73M | 30.35M | 30.35M | 25.32M | 22.25M | |
| Other Operating Activities | 29.37M | 20.19M | 7.76M | -7.05M | 8.42M | |
| Change in Accounts Receivable | 73.21M | -87.10M | -38.31M | -74.61M | 32.31M | |
| Change in Inventory | 354.94M | 85.07M | -297.68M | -324.51M | -33.57M | |
| Change in Accounts Payable | -126.37M | 81.86M | -10.63M | 31.44M | 12.05M | |
| Change in Other Net Operating Assets | -17.24M | -50.27M | 36.86M | 68.25M | -28.60M | |
| Operating Cash Flow | 861.84M | 619.55M | 295.71M | 294.40M | 422.35M | |
| Capital Expenditures | -399.83M | -433.05M | -368.88M | -243.06M | -167.18M | |
| Sale of Property, Plant & Equipment | 7.91M | 9.44M | 2.21M | 7.12M | 3.45M | |
| Cash Acquisitions | -24.31M | -16.36M | -16.05M | -20.76M | -269.33M | |
| Divestitures | 27.50M | |||||
| Other Investing Activities | -878.00K | -5.60M | -4.31M | -11.73M | 157.00K | |
| Investing Cash Flow | -417.11M | -445.58M | -387.03M | -240.93M | -432.90M | |
| Short-Term Debt Issued | 205.49M | 273.91M | 118.94M | |||
| Long-Term Debt Issued | 1.12B | 1.84B | 1.43B | 958.33M | 260.34M | |
| Total Debt Issued | 1.12B | 1.84B | 1.63B | 1.23B | 379.28M | |
| Short-Term Debt Repaid | -69.04M | -54.27M | ||||
| Long-Term Debt Repaid | -1.27B | -1.86B | -1.31B | -1.10B | -468.84M | |
| Total Debt Repaid | -1.34B | -1.92B | -1.31B | -1.10B | -468.84M | |
| Net Debt Issued (Repaid) | -222.02M | -73.33M | 325.26M | 132.99M | -89.56M | |
| Issuance of Common Stock | 16.30M | 25.38M | 18.08M | 13.26M | 18.31M | |
| Repurchase of Common Stock | -196.31M | -25.86M | -218.79M | -102.38M | -41.04M | |
| Common Dividends Paid | -58.33M | -55.51M | -50.58M | -44.56M | -41.06M | |
| Financing Cash Flow | -460.36M | -129.32M | 73.96M | -690.00K | -153.34M | |
| Foreign Exchange Rate Adjustments | 141.00K | -246.00K | 36.00K | 118.00K | ||
| Net Cash Flow | -15.49M | 44.41M | -17.32M | 52.90M | -163.90M | |
| Free Cash Flow | 462.01M | 186.50M | -73.17M | 51.34M | 255.17M | |
| Free Cash Flow Margin | 6.21% | 2.39% | -0.92% | 0.72% | 4.98% | |
| Free Cash Flow Per Share | 3.81 | 1.52 | -0.58 | 0.40 | 1.96 | |
| Levered Free Cash Flow | 389.20M | 30.00M | -212.36M | -89.28M | 81.89M | |
| Unlevered Free Cash Flow | 419.30M | 75.02M | -178.80M | -76.92M | 83.40M | |
| Cash Interest Paid | 53.88M | 78.29M | 56.43M | 21.69M | 22.22M | |
| Cash Income Tax Paid | 77.53M | 76.03M | 106.87M | 102.04M | 101.99M | |
| Change in Working Capital | 284.53M | 29.57M | -309.75M | -299.43M | -17.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.02B | 4.20B | 4.32B | 4.02B | 2.89B | 3.07B |
| Enterprise Value | 6.27B | 5.50B | 6.09B | 5.53B | 4.15B | 3.72B |
| Last Close Price | 42.98 | 35.67 | 35.73 | 32.35 | 22.05 | 23.09 |
| PE Ratio | 18.69 | 15.91 | 14.22 | 11.59 | 7.39 | 12.71 |
| Forward PE | 14.96 | 16.80 | 14.95 | 15.72 | 10.10 | 13.58 |
| PS Ratio | 0.67 | 0.56 | 0.55 | 0.51 | 0.41 | 0.60 |
| PB Ratio | 2.10 | 1.89 | 2.00 | 2.13 | 1.64 | 2.09 |
| P/TBV Ratio | 2.61 | 2.40 | 2.54 | 2.80 | 2.20 | 2.84 |
| P/FCF Ratio | 14.41 | 9.08 | 23.18 | 56.37 | 12.03 | |
| P/OCF Ratio | 7.44 | 4.87 | 6.98 | 13.60 | 9.83 | 7.27 |
| PEG Ratio | 1.30 | 1.59 | 2.33 | 1.05 | 0.67 | 0.91 |
| EV/Sales Ratio | 0.84 | 0.74 | 0.78 | 0.70 | 0.58 | 0.73 |
| EV/EBITDA Ratio | 9.80 | 8.51 | 8.66 | 7.54 | 5.91 | 7.79 |
| EV/EBIT Ratio | 16.53 | 13.98 | 13.04 | 10.81 | 8.24 | 12.09 |
| EV/FCF Ratio | 17.99 | 11.90 | 32.67 | 80.87 | 14.57 | |
| Debt / Equity Ratio | 0.61 | 0.65 | 0.80 | 0.96 | 0.81 | 0.79 |
| Debt / EBITDA Ratio | 2.31 | 2.23 | 2.47 | 2.47 | 2.04 | 2.42 |
| Debt / FCF Ratio | 3.12 | 9.30 | 27.96 | 4.52 | ||
| Net Debt / Equity Ratio | 0.52 | 0.55 | 0.70 | 0.86 | 0.70 | 0.69 |
| Net Debt / EBITDA Ratio | 1.95 | 1.90 | 2.14 | 2.22 | 1.76 | 2.10 |
| Net Debt / FCF Ratio | 2.66 | 8.07 | -22.22 | 24.04 | 3.94 | |
| Asset Turnover | 1.61 | 1.64 | 1.74 | 1.94 | 2.05 | 1.68 |
| Inventory Turnover | 3.56 | 3.59 | 3.49 | 3.92 | 4.58 | 4.29 |
| Quick Ratio | 0.35 | 0.33 | 0.35 | 0.27 | 0.29 | 0.29 |
| Current Ratio | 1.44 | 1.40 | 1.45 | 1.35 | 1.31 | 1.32 |
| Return on Equity (ROE) | 11.96% | 12.13% | 15.05% | 19.05% | 24.28% | 17.66% |
| Return on Assets (ROA) | 5.10% | 5.43% | 6.50% | 7.81% | 9.07% | 6.30% |
| Return on Invested Capital (ROIC) | 8.26% | 8.49% | 9.97% | 11.83% | 14.18% | 10.19% |
| Return on Capital Employed (ROCE) | 12.10% | 13.40% | 15.70% | 19.00% | 21.10% | 14.50% |
| Earnings Yield | 5.35% | 6.29% | 7.03% | 8.63% | 13.52% | 7.87% |
| FCF Yield | 6.94% | 11.01% | 4.31% | -1.82% | 1.77% | 8.31% |
| Dividend Yield | 1.30% | 1.35% | 1.28% | 1.20% | 1.49% | 1.33% |
| Payout Ratio | 24.35% | 22.11% | 18.25% | 14.57% | 11.38% | 17.01% |
| Buyback Yield / Dilution | 1.84% | 1.33% | 2.27% | 2.34% | 1.26% | -2.91% |
| Total Shareholder Return | 3.15% | 2.69% | 3.55% | 3.54% | 2.75% | -1.58% |