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Rush Enterprises, Inc., through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, Blue Arc and Battle Motors. The company also engages in the retail sale of new and used commercial vehicles, and aftermarket parts, as well as provision of service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance products. In addition, it provides equipment installation and repair, parts installation, and paint and body repair services; new vehicle pre-delivery inspection, truck modification, and natural gas fuel system installation services, body, chassis upfitting, and component installation services; parts and collision repair; CNG fuel systems; and vehicle telematics products, as well as sells new and used trailers, and tires for commercial vehicles. The company serves regional and national fleets, local and state governments, corporations, and owner-operators. Rush Enterprises, Inc. was incorporated in 1965 and is headquartered in New Braunfels, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.4B | $647M | $264M | $462M | 12.0% | -4.7% | -13.3% |
| 2024 | $7.8B | $706M | $304M | $187M | 14.2% | -1.5% | -12.4% |
| 2023 | $7.9B | $737M | $347M | $-73M | 18.6% | 11.6% | -11.3% |
| 2022 | $7.1B | $728M | $391M | $51M | 22.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,101.67 | 7,925.02 | 7,804.75 | 7,434.20 |
| Operating Revenue | - | 7,075.81 | 7,898.16 | 7,781.77 | 7,417.44 |
| Cost Of Revenue | - | 5,614.51 | 6,331.93 | 6,273.33 | 5,973.53 |
| Gross Profit | - | 1,487.16 | 1,593.09 | 1,531.42 | 1,460.66 |
| Operating Expense | - | 983.50 | 1,081.55 | 1,064.14 | 1,067.32 |
| Selling General And Administration | - | 927.84 | 1,021.72 | 995.59 | 996.18 |
| Total Expenses | - | 6,598.01 | 7,413.49 | 7,337.46 | 7,040.85 |
| Operating Income | - | 503.66 | 511.54 | 467.28 | 393.34 |
| Total Operating Income As Reported | - | 506.11 | 512.38 | 468.09 | 393.76 |
| EBITDA | - | 728.24 | 736.90 | 705.94 | 646.86 |
| Normalized EBITDA | - | 725.78 | 736.05 | 705.13 | 646.45 |
| EBIT | - | 529.09 | 515.76 | 469.84 | 394.02 |
| Interest Income | - | 0.64 | 0.78 | 1.17 | 1.92 |
| Interest Expense | - | 19.76 | 53.69 | 72.02 | 48.15 |
| Net Interest Income | - | -19.12 | -52.92 | -70.86 | -46.24 |
| Other Non Operating Income Expenses | - | 22.34 | 2.60 | 0.58 | -1.66 |
| Other Income Expense | - | 24.79 | 3.44 | 1.39 | -1.24 |
| Interest Income Non Operating | - | 0.64 | 0.78 | 1.17 | 1.92 |
| Interest Expense Non Operating | - | 19.76 | 53.69 | 72.02 | 48.15 |
| Net Non Operating Interest Income Expense | - | -19.12 | -52.92 | -70.86 | -46.24 |
| Pretax Income | - | 509.33 | 462.06 | 397.82 | 345.87 |
| Tax Provision | - | 117.24 | 114 | 92.84 | 79.83 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.56 | 0.21 | 0.19 | 0.10 |
| Net Income Continuous Operations | - | 392.08 | 348.06 | 304.97 | 266.04 |
| Net Income From Continuing And Discontinued Operation | - | 391.38 | 347.06 | 304.15 | 263.78 |
| Net Income From Continuing Operation Net Minority Interest | - | 391.38 | 347.06 | 304.15 | 263.78 |
| Net Income | - | 391.38 | 347.06 | 304.15 | 263.78 |
| Net Income Common Stockholders | - | 391.38 | 347.06 | 304.15 | 263.78 |
| Net Income Including Noncontrolling Interests | - | 392.08 | 348.06 | 304.97 | 266.04 |
| Normalized Income | - | 389.49 | 346.42 | 303.53 | 263.46 |
| Diluted NI Availto Com Stockholders | - | 391.38 | 347.06 | 304.15 | 263.78 |
| Basic Average Shares | - | 83.10 | 81.09 | 79.06 | 78.38 |
| Diluted Average Shares | - | 85.73 | 83.72 | 81.82 | 80.73 |
| Reconciled Depreciation | - | 199.15 | 221.14 | 236.10 | 252.84 |
| Reconciled Cost Of Revenue | - | 5,471.03 | 6,170.62 | 6,105.78 | 5,791.82 |
| Total Unusual Items | - | 2.46 | 0.84 | 0.81 | 0.41 |
| Total Unusual Items Excluding Goodwill | - | 2.46 | 0.84 | 0.81 | 0.41 |
| Minority Interests | - | -0.70 | -1.01 | -0.82 | -2.26 |
| Special Income Charges | - | 2.46 | 0.84 | 0.81 | 0.41 |
| Depreciation Amortization Depletion Income Statement | - | 55.66 | 59.83 | 68.55 | 71.14 |
| Depreciation And Amortization In Income Statement | - | 55.66 | 59.83 | 68.55 | 71.14 |
| Gain On Sale Of Ppe | - | 2.46 | 0.84 | 0.81 | 0.41 |
| Rent Expense Supplemental | - | 221.80 | 247.94 | 255.53 | 266.75 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rush Enterprises, Inc.this co. | RUSHA | $5.1B | 19.48 | 2.33 | 12.0% | 9.84 |
| Brinker International, Inc. | EAT | $5.9B | 15.28 | 15.78 | 103.3% | 10.46 |
| Red Rock Resorts, Inc. | RRR | $5.7B | 30.56 | 27.59 | 90.3% | 11.29 |
| Installed Building Products, Inc. | IBP | $5.5B | 20.58 | 7.69 | 37.4% | 11.49 |
| Acushnet Holdings Corp. | GOLF | $5.2B |
| - |
| - |
| - |
| - |
| - |
| - |
| 27.64 |
| 6.65 |
| 24.1% |
| 17.23 |
| Boot Barn Holdings, Inc. | BOOT | $5.1B | 22.73 | 3.89 | 17.1% | 15.14 |
| Reynolds Consumer Products Inc. | REYN | $4.6B | 15.18 | 2.03 | 13.4% | 9.69 |
| Meritage Homes Corporation | MTH | $4.6B | 10.06 | 0.88 | 8.7% | 9.30 |
| Frontdoor, Inc. | FTDR | $4.4B | 17.41 | 18.34 | 105.4% | 10.01 |
| Peer Median | - | 18.99 | 7.17 | 30.7% | 10.87 | |