Loading financials from SEC filings…
Auto & truck dealerships · Consumer Cyclical · Fiscal year ends Dec 31
Rush Enterprises reported revenue of $7.1B in the fiscal year ended Dec 2025, down 5.2% from the year before. Operating income was $394M, an operating margin of 5.6%, and net income was $264M. Operating cash flow of $862M less capital expenditure of $400M left free cash flow of $462M. Net debt was $62M.
Ranks among the 12 auto & truck dealerships companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 4,879 | 6,779 | 7,571 | 7,450 | 7,065 |
| Cost of revenue | 4,034 | 5,615 | 6,332 | 6,273 | 5,974 |
| Gross profit | 1,092 | 1,487 | 1,593 | 1,531 | 1,461 |
| Selling, general & admin | 731 | 928 | 1,022 | 996 | 996 |
| Operating income | 309 | 506 | 512 | 468 | 394 |
| Interest expense | 2.4 | 19.8 | 53.7 | 72.0 | 48.2 |
| Pre-tax income | 314 | 509 | 462 | 398 | 346 |
| Income tax | 72.3 | 117 | 114 | 92.8 | 79.8 |
| Net income | 241 | 391 | 347 | 304 | 264 |
| Diluted EPS | 2.78 | 4.57 | 4.15 | 3.72 | 3.27 |
| Diluted shares | 86.8 | 85.7 | 83.7 | 81.8 | 80.7 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 148 | 201 | 184 | 228 | 213 |
| Receivables | 140 | 221 | 259 | 345 | 278 |
| Inventory | 1,020 | 1,429 | 1,801 | 1,788 | 1,534 |
| Current assets | 1,324 | 1,868 | 2,260 | 2,390 | 2,091 |
| Net PP&E | 1,278 | 1,369 | 1,488 | 1,616 | 1,695 |
| Goodwill | 370 | 416 | 421 | 427 | 442 |
| Total assets | 3,120 | 3,821 | 4,364 | 4,618 | 4,431 |
| Payables | 122 | 172 | 162 | 244 | 231 |
| Deferred revenue | 80.6 | 116 | 145 | 110 | 112 |
| Current liabilities | 1,004 | 1,429 | 1,673 | 1,650 | 1,492 |
| Short-term debt | – | 0.0 | – | – | 0.1 |
| Long-term debt | 335 | 275 | 414 | 408 | 275 |
| Total liabilities | 1,653 | 2,058 | 2,474 | 2,456 | 2,205 |
| Shareholders' equity | 1,467 | 1,744 | 1,871 | 2,142 | 2,203 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 422 | 294 | 296 | 620 | 862 |
| Capital expenditure | 167 | 243 | 369 | 433 | 400 |
| Free cash flow | 255 | 51.3 | −73.2 | 187 | 462 |
| Depreciation & amortisation | 169 | 199 | 221 | 236 | 253 |
| Stock-based compensation | 22.2 | 25.3 | 30.4 | 30.4 | 31.7 |
| Share buybacks | 33.6 | 93.7 | 212 | 15.7 | 195 |
| Dividends paid | 41.1 | 44.6 | 50.6 | 55.5 | 58.3 |
| Dividend per share | 0.27 | 0.53 | 0.62 | 0.70 | 0.74 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 39.0% | 11.7% | −1.6% | −5.2% |
| Operating income growth (YoY) | – | 63.8% | 1.2% | −8.6% | −15.9% |
| EPS growth (YoY) | – | 64.4% | −9.2% | −10.4% | −12.1% |
| Gross margin | 22.4% | 21.9% | 21.0% | 20.6% | 20.7% |
| Operating margin | 6.3% | 7.5% | 6.8% | 6.3% | 5.6% |
| Net margin | 4.9% | 5.8% | 4.6% | 4.1% | 3.7% |
| Return on equityBlank when equity is negative | 16.5% | 22.4% | 18.6% | 14.2% | 12.0% |
| ROCEEBIT ÷ (assets − current liabilities) | 14.6% | 21.2% | 19.0% | 15.8% | 13.4% |
| Free cash flow margin | 5.2% | 0.8% | −1.0% | 2.5% | 6.5% |
| Cash conversion (CFO ÷ net income) | 1.75x | 0.75x | 0.85x | 2.04x | 3.27x |
| Receivable days | 10 | 12 | 13 | 17 | 14 |
| Inventory days | 92 | 93 | 104 | 104 | 94 |
| Payable days | 11 | 11 | 9 | 14 | 14 |
| Interest cover | 127x | 25.6x | 9.54x | 6.50x | 8.18x |
| Debt ÷ equity | 0.23x | 0.16x | 0.22x | 0.19x | 0.12x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 187 | 74.4 | 230 | 180 | 62.3 |
| Current ratio | 1.32x | 1.31x | 1.35x | 1.45x | 1.40x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.