Rush Enterprises, Inc.

RUSHB Consumer Cyclical Auto & Truck Dealerships

Rush Enterprises, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.4 billion, down 4.75% from fiscal 2024. In the quarter to June 2026, revenue fell 1.61%, EPS was flat, free cash flow fell 56.2% and total debt fell 26.7%, each against the same quarter a year earlier. Dividend growth for three consecutive years, operating cash flow growth for three.

57.42 0.50 −0.86%
Market cap
$3.9B
P/E
25.3×
Fwd P/E
18.1×
Dividend yield
0.91%
F-score
6/9
Altman Z
3.94
Beneish M
−3.23
Dividend safety
81/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
29.65 10.99 10.00 11.84 18.16 12.47 7.81 12.19 14.10 16.70
Piotroski F-Score
7 8 7 6 7 7 6 4 6 6
P/S ratio
0.29 0.40 0.25 0.29 0.44 0.59 0.43 0.53 0.55 0.59
Altman Z-Score
2.55 2.90 2.81 2.87 3.01 3.65 3.85 3.87 3.78 3.94
Altman Z″-Score (non-manufacturers)
1.83 2.31 2.31 2.38 2.76 3.35 3.72 3.56 3.86 3.95
P/FCF ratio
3.62 0.00 0.00 12.88 3.29 11.67 52.24 0.00 21.96 9.38
Beneish M-Score
(3.32) (2.34) (2.64) (2.79) (3.45) (2.87) (1.92) (2.30) (2.47) (3.23)
P/Operating CF
9.08 (107.29) 113.17 8.39 12.05 (185.10) 27.49 49.87 10.97 39.06
Dividend Safety Score
— — — — — — — — — 81
P/B ratio
1.41 1.81 1.31 1.44 1.64 2.06 1.73 2.23 1.99 1.98
Price to Tangible BV
2.13 2.51 1.80 1.93 2.13 2.75 2.27 2.87 2.48 2.47
EV/Sales
0.43 0.52 0.35 0.38 0.50 0.77 0.59 0.59 0.60 0.61
EV/EBITDA
7.60 7.94 4.94 5.59 7.19 8.28 5.95 6.35 6.65 7.05
EV/Operating CF
3.48 15.94 8.89 5.20 3.13 9.38 14.26 15.74 7.56 5.29
EV/FCF
5.38 (45.76) (115.60) 16.84 3.77 15.33 71.82 (65.60) 23.89 9.70
Quick Ratio
0.24 0.26 0.22 0.24 0.47 0.29 0.30 0.26 0.35 0.33
Current Ratio
1.12 1.17 1.13 1.14 1.32 1.32 1.31 1.35 1.45 1.40
Net Debt/EBITDA
2.48 1.80 1.34 1.32 0.93 1.98 1.62 0.45 0.39 0.23
Debt/Assets
25.86% 23.44% 20.32% 20.46% 20.78% 35.09% 35.22% 11.72% 10.84% 8.19%
Debt/Equity
0.78 0.65 0.61 0.60 0.49 0.75 0.76 0.27 0.23 0.16
Asset Turnover
1.55 1.72 1.81 1.76 1.48 1.68 2.05 1.94 1.74 1.64
Operating CF/Net income
12.84 0.89 1.55 2.98 6.64 1.75 0.75 0.85 2.04 3.27
Capex/Depreciation
(1.17) (1.30) (1.25) (1.66) (0.74) (0.97) (1.18) (1.66) (1.79) (1.55)
Interest Coverage
5.42 11.26 9.63 7.10 15.89 127.33 25.61 9.54 6.50 8.18
ROE
4.75% 18.09% 13.20% 12.72% 9.47% 17.66% 24.24% 19.00% 15.01% 12.02%
ROA
1.49% 6.27% 4.57% 4.28% 3.59% 7.91% 11.28% 8.48% 6.77% 5.83%
ROIC
3.47% 5.83% 7.99% 8.07% 6.13% 8.00% 10.88% 14.44% 12.02% 10.36%
Return on Tangible Assets
3.24% 12.63% 10.09% 9.53% 7.49% 15.10% 21.65% 16.72% 12.91% 11.50%
Average Days of Receivables
13.53 14.24 12.64 11.54 13.29 9.98 11.34 11.94 16.15 13.64
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
13.95% 13.39% 12.81% 12.97% 14.05% 14.27% 13.07% 12.89% 12.76% 13.40%
Intangible Assets out of Total Assets
0.11 0.10 0.09 0.09 0.10 0.12 0.11 0.10 0.09 0.10
Share Based Compensation of Revenue
0.31% 0.33% 0.33% 0.33% 0.41% 0.43% 0.36% 0.38% 0.39% 0.43%
Graham Net Nets
(0.52) (0.25) (0.32) (0.32) (0.17) (0.11) (0.06) (0.05) (0.02) (0.03)
Graham Number
6.63 14.97 13.83 15.53 14.64 22.47 31.60 31.55 32.49 30.94
Earnings Yield
3.37% 9.10% 10.00% 8.45% 5.51% 8.02% 12.81% 8.20% 7.09% 5.99%
Free Cash Flow Yield
27.60% (2.83%) (1.19%) 7.77% 30.43% 8.57% 1.91% (1.68%) 4.55% 10.66%
Revenue per Share
31.27 35.25 41.59 46.96 38.36 40.76 56.97 65.15 65.81 63.23
Operating CF per Share
3.87 1.14 1.63 3.41 6.18 3.36 2.36 2.43 5.22 7.33
Capex per Share
(1.37) (1.54) (1.75) (2.35) (1.06) (1.30) (1.89) (3.01) (3.57) (3.33)
Free Cash Flow per Share
2.50 (0.40) (0.13) 1.05 5.12 2.06 0.47 (0.58) 1.65 4.00
Cash per Share
0.61 0.93 1.00 1.47 2.53 1.18 1.61 1.51 1.92 1.81
Shareholders Equity per Share
6.40 7.78 8.06 9.37 10.27 11.66 14.14 15.54 18.23 18.93
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
6.40 7.78 8.06 9.37 10.27 11.66 14.14 15.54 18.23 18.93
Free Cash Flow
336.70 (53.21) (16.57) 130.09 632.57 258.62 58.46 (70.96) 195.94 469.92
Working Capital
118.32 202.89 194.65 205.16 330.93 320.95 439.07 586.99 739.60 599.05
Capital Expenditures
(184.47) (205.95) (231.93) (291.18) (130.42) (163.73) (235.94) (366.67) (423.61) (391.92)
Net Current Asset Value
(628.77) (474.67) (446.48) (535.28) (359.63) (328.77) (190.30) (213.52) (65.93) (113.55)
EV/EBIT
22.43 16.37 9.44 10.12 15.44 12.83 8.30 9.08 10.00 11.58
Capex to Sales
0.04 0.04 0.04 0.05 0.03 0.03 0.03 0.05 0.05 0.05
Price to Operating Income
15.11 12.65 6.88 7.74 13.45 9.76 6.03 8.24 9.19 11.20
Other line items
Depreciation/Fixed assets
0.14 0.14 0.16 0.14 0.15 0.13 0.15 0.15 0.15 0.15
Cash ROIC
20.81% (2.89%) (0.90%) 6.38% 28.75% 9.54% 1.77% (2.74%) 6.78% 16.77%
Accounts Receivable Turnover
26.92 27.72 29.40 31.04 26.59 32.79 39.36 33.02 25.81 23.86
Accounts Payable Turnover
32.06 37.75 38.48 36.64 31.59 34.62 38.19 37.93 30.89 25.16
Inventory Turnover
3.68 4.15 3.82 3.59 3.53 4.29 4.58 3.92 3.50 3.60
Average Days of Payables
10.21 10.14 10.27 10.20 10.47 11.07 11.16 9.35 14.20 14.10
Days of Inventory on Hand
87.72 97.11 108.01 101.17 81.15 92.31 92.93 103.84 104.02 93.76
Average Receivables
156.59 170.04 187.26 187.18 178.09 156.33 180.42 240.00 302.35 311.57
Average Payables
109.05 102.88 117.68 130.57 122.21 116.51 147.00 166.93 203.08 237.39
Average Inventory
950.75 936.80 1,186.61 1,333.00 1,092.19 939.21 1,224.78 1,615.44 1,794.60 1,661.11
Average Assets
2,727.53 2,746.59 3,045.74 3,304.34 3,196.36 3,052.69 3,470.52 4,092.65 4,490.89 4,524.04
Average Common Equity
853.86 951.60 1,053.65 1,113.21 1,213.77 1,367.39 1,614.89 1,826.72 2,026.16 2,193.87

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