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Rush Enterprises Inc \tx\ (RUSHA) stock

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NASDAQ: RUSHA Nasdaq Trading Companies & Distributors Next results ~February 16, 2027

C+ Fundamentals grade

Rush Enterprises Inc \tx\ is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$52

Cash-flow model

Base case. Range ~$39–$70 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 15% below our base value.

Price used: $44.47, November 2, 2026

Rush Enterprises Inc \tx\ valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 12 sales by directors and officers, last 12 monthsInsider trades
  • Funds184 adding, 153 cuttingOf 59 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Rush Enterprises Inc \tx\ files

Where Rush Enterprises stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $7.24bn, down 5.9% on a year earlier, a smaller fall than the 6.6% decline a quarter earlier. That puts it 20 of 21 for growth among the trading companies & distributors companies we cover. Free-cash-flow margin held at 4.8%. The diluted share count is down 2.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 5 of our 6 financial-health checks. Our cash-flow model value is $47.28 a share, against a share price of $45.36. At that price, our model says the market is pricing in about 1.3% a year of cash-flow growth for five years, slower than the 7.1% a year revenue growth it has delivered.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 16, 2027 (estimated)

Rush Enterprises Inc \tx\'s trailing-twelve-month revenue fell 5.9% year on year, with a free-cash-flow margin of 4.8%. Where it stands out: days sales outstanding of 15 days ranks 2 of 27 trading companies & distributors companies we cover. Where it lags: gross margin of 19.7% ranks 24 of 26 trading companies & distributors companies we cover.

Our discounted-cash-flow model values the business at ~$52 per share in the base case (~$39–$70 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Share count shrinking (buybacks): Diluted shares outstanding fell 2.4% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.4% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 5.9% over the last 12 months.
  • Insiders selling. 6 insiders sold $12M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: gross margin. Gross margin of 19.7% ranks 24 of 26 trading companies & distributors companies we cover (median 28.9%).
  • Heavily shorted. 11.3% of the shares available to trade are sold short (9.2 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 6.1% over 90 days.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.65 against an average estimate of $0.65: beat by 0.4%
Revenue
$1.90bn, down 1.6% on a year earlier
Share reaction
-8.1% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Next report
October 27, 2026; average EPS estimate $0.66

Rush Enterprises Inc \tx\'s figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.5%
  • 1 week-2.0%
  • 1 month-5.7%
  • This year+24.7%
  • 1 year+36.6%
  • 5 years+99.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7.2B
Operating margin
5.1%
Net margin
3.7%
EPS (TTM, diluted)
$3.31

Growth

Revenue growth
−5.9%
Change in growth rate
+0.8 pts
Share count change
−2.4%

Cash

Free cash flow (TTM)
$348M
FCF margin
4.8%
Stock pay % of revenue
0.4%

Earnings

Last results
October 27, 2026
Next results (est.)
February 16, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Agreement
  3. Insider trade
  4. Insider trade
  5. Results
  6. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Rush Enterprises Inc \tx\ valuation models and calculator

What the price is pricing in

The share price implies about 0.9% a year of cash-flow growth for five years.That is slower than the 7.1% a year revenue growth Rush Enterprises Inc \tx\ has delivered.

  • Priced in0.9%
  • Last 12 months-5.9%
  • 3 years a year-1.9%
  • 5 years a year7.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($44.29, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$52
Price used
$44.29close November 3, 2026
Implied change
▲ +18%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Rush Enterprises Inc \tx\'s free cash flow after stock-based pay with after-tax interest added back ($231M, FY2026 Q2 TTM), growing 9.3% and 3.9% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$39–~$70 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Rush Enterprises Inc \tx\'s free cash flow after stock-based pay ( $231M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Rush Enterprises Inc \tx\ as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.98 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$52 ~$39–$70 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$53 ~$48–$64 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$48 ~$34–$69 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$50 ~$43–$59 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$51 ~$48–$53 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Rush Enterprises Inc \tx\ with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −19%
  • Last year's free-cash-flow margin change, if it persists ▼ −7%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $41$56$76$102$135$179
8.5% $31$42$56$75$99$130
10% $25$34$45$59$77$101

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$5.78$8.42$13.42$9.16$12.50$16.92$23.09$22.05$32.35$35.73$35.67$44.47
Market value$534m$769m$1.2bn$830m$1.1bn$1.4bn$2.0bn$1.9bn$2.7bn$2.9bn$2.9bn$3.6bn
+ Net debt (− = net cash)$583m$521m$487m$469m$446m$218m$187m$74m$230m$180m$62m$18m
Enterprise value$1.1bn$1.3bn$1.7bn$1.3bn$1.5bn$1.6bn$2.2bn$2.0bn$2.9bn$3.1bn$2.9bn$3.6bn
Multiples
Price / sales 0.1x0.2x0.3x0.2x0.2x0.3x0.4x0.3x0.3x0.4x0.4x0.5x
Price / earnings 8.1x19.0x7.2x6.0x7.5x12.4x8.3x4.8x7.8x9.6x10.9x13.4x
Price / free cash flow —2.4x——8.3x2.3x7.9x36.8x—15.7x6.2x10.2x
EV / EBITDA 4.2x5.4x5.6x3.4x3.8x5.0x4.6x2.8x4.0x4.4x4.5x6.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

46 /100

Moderate moat

How hard Rush Enterprises Inc \tx\'s competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Net income has been a median 5.2% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 19.3%, moving by 1.4 percentage points (standard deviation) across 10 years.

  • Durability 8 / 20

    Operating margin has been a median 4.8%; its worst year was 2.6%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 2.9% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 12.2% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (50 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.42 +11% $7.9bn +6%
Next $2.87 +19% $8.6bn +10%

Next year's EPS estimate has moved −6.1% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.6% on 90 days ago. In the last 30 days, 0 analysts raised Rush Enterprises Inc \tx\'s forecast and 1 cut it.

Consensus EPS forecast Rush Enterprises Inc \tx\, last 90 days
$2.40 $2.60 $2.80 $3.00 $3.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.49 Current fiscal year, 60 days ago: $2.48 Current fiscal year, 30 days ago: $2.47 Current fiscal year, 7 days ago: $2.45 Current fiscal year, Now: $2.42 $2.42 Next fiscal year, 90 days ago: $3.06 Next fiscal year, 60 days ago: $3.07 Next fiscal year, 30 days ago: $3.06 Next fiscal year, 7 days ago: $3.06 Next fiscal year, Now: $2.87 $2.87

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.49$3.06
60 days ago $2.48$3.07
30 days ago $2.47$3.06
7 days ago $2.45$3.06
Now $2.42$2.87

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.65 $0.65 +0.4%
Jun 2026 $0.57 $0.61 +6.5%
Mar 2026 $0.46 $0.51 +11.2%
Dec 2025 $0.46 $0.54 +17.1%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Rush Enterprises Inc \tx\'s revenue by +9.3% next year and +3.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+14.2%, weight 60%) and the company's own record (+2.0%, weight 40%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy375%
Hold125%
Sell00%

Monthly trend

  1. Oct 2026314
  2. Sep 2026314
  3. Aug 2026314
  4. Jul 2026314

Counts of recommendations published by analysts covering Rush Enterprises Inc \tx\, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.3%
of tradable shares
Days to cover
9.23
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.4%
of shares
Employees
7,858
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +36.6%

$32.55 on October 31, 2025 to $44.47

ThenNowEffect
Revenue (last 12 months) $7.7bn $7.2bn −5.9%
Net margin 3.7% 3.7% −1.7%
P/E multiple 9.3x 13.4x +44.1%
Share count 82m 80m +2.4%

Biggest factor: p/e multiple.

Last 3 years +82.4%

$24.38 on November 3, 2023 to $44.47

ThenNowEffect
Revenue (last 12 months) $7.7bn $7.2bn −5.6%
Net margin 4.7% 3.7% −22.4%
P/E multiple 5.7x 13.4x +134.0%
Share count 85m 80m +6.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RUSHA+36%−5%+47%+10%−0%+25%
Industry peers (median)+34%−13%+28%−7%+6%+12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RUSHA58%33%50%67%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RUSHA−20%−27%−20%−23%−24%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 48% from January 26, 2018 to March 19, 2020. Getting back needed a 92% gain, reached on October 5, 2020, 200 days after the low.

Price behaviour

52-week range
$30.75 – $55.02
From 52-week high
−19.2%
vs 50-day average
−5.9%
vs 200-day average
−6.0%
Volatility (1 year)
32%
Beta vs S&P 500
0.72

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±3.9%
After a week
4 up, 7 down
typical move ±6.5%
After a month
5 up, 6 down
typical move ±6.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 −8.1% +0.9% — —
July 28, 2026 +6.0% −1.3% +7.5% 0.0%
April 28, 2026 −5.5% −0.5% −6.9% −6.6%
February 17, 2026 +0.6% +0.7% +2.8% −11.2%
October 29, 2025 +0.6% −1.1% −5.9% +4.6%
July 30, 2025 −0.8% −0.5% +2.1% +6.5%
April 30, 2025 −0.4% +0.7% −6.1% −2.1%
February 18, 2025 +2.5% +0.5% −5.9% −9.5%
October 30, 2024 +3.1% −2.3% +17.7% +13.2%
July 31, 2024 +7.1% +0.2% −2.3% +3.5%
April 24, 2024 −7.8% −0.4% −13.0% −10.7%
February 14, 2024 +4.1% +1.6% −1.2% +6.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Rush Enterprises Inc \tx\’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Rush Enterprises Inc \tx\ in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Rush Enterprises Inc \tx\
$7.2B $7.4B $7.6B $7.8B $8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $7.8B Revenue (TTM), FY23 Q4: $7.9B Revenue (TTM), FY24 Q1: $7.9B Revenue (TTM), FY24 Q2: $7.9B Revenue (TTM), FY24 Q3: $7.8B Revenue (TTM), FY24 Q4: $7.8B Revenue (TTM), FY25 Q1: $7.8B Revenue (TTM), FY25 Q2: $7.7B Revenue (TTM), FY25 Q3: $7.7B Revenue (TTM), FY25 Q4: $7.4B Revenue (TTM), FY26 Q1: $7.3B Revenue (TTM), FY26 Q2: $7.2B $7.2B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $7.8B
FY23 Q4 $7.9B
FY24 Q1 $7.9B
FY24 Q2 $7.9B
FY24 Q3 $7.8B
FY24 Q4 $7.8B
FY25 Q1 $7.8B
FY25 Q2 $7.7B
FY25 Q3 $7.7B
FY25 Q4 $7.4B
FY26 Q1 $7.3B
FY26 Q2 $7.2B
Revenue growth, TTM YoY Rush Enterprises Inc \tx\
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 19.1% Revenue growth, TTM YoY, FY23 Q4: 11.6% Revenue growth, TTM YoY, FY24 Q1: 5.8% Revenue growth, TTM YoY, FY24 Q2: 3.2% Revenue growth, TTM YoY, FY24 Q3: 0.6% Revenue growth, TTM YoY, FY24 Q4: -1.5% Revenue growth, TTM YoY, FY25 Q1: -1.3% Revenue growth, TTM YoY, FY25 Q2: -2.8% Revenue growth, TTM YoY, FY25 Q3: -2.0% Revenue growth, TTM YoY, FY25 Q4: -4.7% Revenue growth, TTM YoY, FY26 Q1: -6.6% Revenue growth, TTM YoY, FY26 Q2: -5.9% -5.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 19.1%
FY23 Q4 11.6%
FY24 Q1 5.8%
FY24 Q2 3.2%
FY24 Q3 0.6%
FY24 Q4 -1.5%
FY25 Q1 -1.3%
FY25 Q2 -2.8%
FY25 Q3 -2.0%
FY25 Q4 -4.7%
FY26 Q1 -6.6%
FY26 Q2 -5.9%
Operating margin (TTM) Rush Enterprises Inc \tx\
5% 5.5% 6% 6.5% 7% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 6.8% Operating margin (TTM), FY23 Q4: 6.5% Operating margin (TTM), FY24 Q1: 6.3% Operating margin (TTM), FY24 Q2: 6.0% Operating margin (TTM), FY24 Q3: 6.1% Operating margin (TTM), FY24 Q4: 6.0% Operating margin (TTM), FY25 Q1: 5.8% Operating margin (TTM), FY25 Q2: 5.7% Operating margin (TTM), FY25 Q3: 5.4% Operating margin (TTM), FY25 Q4: 5.3% Operating margin (TTM), FY26 Q1: 5.3% Operating margin (TTM), FY26 Q2: 5.1% 5.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 6.8%
FY23 Q4 6.5%
FY24 Q1 6.3%
FY24 Q2 6.0%
FY24 Q3 6.1%
FY24 Q4 6.0%
FY25 Q1 5.8%
FY25 Q2 5.7%
FY25 Q3 5.4%
FY25 Q4 5.3%
FY26 Q1 5.3%
FY26 Q2 5.1%
FCF margin (TTM) Rush Enterprises Inc \tx\
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -0.4% FCF margin (TTM), FY23 Q4: -0.9% FCF margin (TTM), FY24 Q1: -3.9% FCF margin (TTM), FY24 Q2: -0.7% FCF margin (TTM), FY24 Q3: -0.9% FCF margin (TTM), FY24 Q4: 2.4% FCF margin (TTM), FY25 Q1: 6.0% FCF margin (TTM), FY25 Q2: 5.2% FCF margin (TTM), FY25 Q3: 9.0% FCF margin (TTM), FY25 Q4: 6.2% FCF margin (TTM), FY26 Q1: 5.7% FCF margin (TTM), FY26 Q2: 4.8% 4.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -0.4%
FY23 Q4 -0.9%
FY24 Q1 -3.9%
FY24 Q2 -0.7%
FY24 Q3 -0.9%
FY24 Q4 2.4%
FY25 Q1 6.0%
FY25 Q2 5.2%
FY25 Q3 9.0%
FY25 Q4 6.2%
FY26 Q1 5.7%
FY26 Q2 4.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Rush Enterprises Inc \tx\ took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $7.4B
  2. Cost of revenue $6B · 80.4%
  3. Gross profit $1.5B · 19.6%
  4. Selling, general and admin $996M · 13.4%
  5. Other operating costs $70.7M · 1.0%
  6. Operating income $394M · 5.3%
  7. Income tax $79.8M · 1.1%
  8. Interest and other $50.1M · 0.7%
  9. Net income $264M · 3.5%

Shares of revenue. Source: Rush Enterprises Inc \tx\'s 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,200 1,498 2,581 3,091 3,385 4,727 4,980 4,215 4,714 5,506 5,810 4,736 5,126 7,102 7,925 7,805 7,434 7,237
Gross profit 216 285 423 501 572 756 785 718 830 978 1,026 875 1,092 1,487 1,593 1,531 1,461 1,429
EBITDA 48 88 154 187 185 268 266 238 307 388 392 332 479 705 734 704 647 537
Operating income 8 42 97 114 92 142 121 81 149 203 216 155 309 506 512 468 394 371
Net income 6 31 55 62 49 80 66 41 172 139 142 115 241 391 347 304 264 265
Diluted EPS $0.16 $0.36 $0.63 $0.70 $0.54 $0.87 $0.72 $0.44 $1.87 $1.53 $1.67 $1.36 $2.78 $4.57 $4.15 $3.72 $3.27 $3.31
Growth (year on year)
Revenue — +24.8% +72.3% +19.8% +9.5% +39.7% +5.3% −15.4% +11.8% +16.8% +5.5% −18.5% +8.2% +38.5% +11.6% −1.5% −4.7% −5.9%
EBITDA — +81.3% +76.1% +21.5% −1.2% +44.8% −0.7% −10.5% +28.7% +26.5% +1.0% −15.3% +44.2% +47.4% +4.0% −4.0% −8.2% −9.5%
Operating income — — +133.6% +17.3% −19.7% +54.5% −14.4% −33.4% — +36.4% +6.7% −28.6% +99.9% +63.8% +1.2% −8.6% −15.9% −14.7%
Net income — — +76.5% +13.1% −21.2% — — — — −19.2% +1.8% −18.9% +110.1% +62.1% −11.3% −12.4% −13.3% −7.5%
Diluted EPS — — +73.2% +10.6% −22.3% — — — — −17.9% +9.1% −18.7% +104.4% +64.4% −9.2% −10.4% −12.1% −5.2%
Margins
Gross margin 18.0% 19.0% 16.4% 16.2% 16.9% 16.0% 15.8% 17.0% 17.6% 17.8% 17.7% 18.5% 21.3% 20.9% 20.1% 19.6% 19.6% 19.7%
EBITDA margin 4.0% 5.8% 6.0% 6.1% 5.5% 5.7% 5.3% 5.7% 6.5% 7.0% 6.7% 7.0% 9.3% 9.9% 9.3% 9.0% 8.7% 7.4%
Operating margin 0.6% 2.8% 3.8% 3.7% 2.7% 3.0% 2.4% 1.9% 3.2% 3.7% 3.7% 3.3% 6.0% 7.1% 6.5% 6.0% 5.3% 5.1%
Net margin 0.5% 2.1% 2.1% 2.0% 1.5% 1.7% 1.3% 1.0% 3.7% 2.5% 2.4% 2.4% 4.7% 5.5% 4.4% 3.9% 3.5% 3.7%
Free-cash-flow margin 8.3% −1.2% −8.9% 1.6% −0.5% −3.6% −2.8% 7.7% −1.2% −0.4% 2.2% 13.2% 5.0% 0.7% −0.9% 2.4% 6.2% 4.8%
Cash flow
Cash from operations 150 66 −81 219 173 89 227 521 153 215 421 763 422 294 296 620 862 674
Capital spending 50 84 149 171 192 261 368 197 210 238 293 136 167 243 369 433 400 326
Free cash flow 100 −18 −230 48 −18 −172 −141 324 −57 −23 128 627 255 51 −73 187 462 348
Stock-based pay 4 4 6 7 9 11 12 13 16 18 19 19 22 25 30 30 32 31
Free cash flow after stock pay 96 −22 −236 41 −27 −183 −153 311 −73 −41 109 607 233 26 −104 156 430 317
Balance sheet
Cash 149 169 208 199 217 191 65 82 125 132 182 312 148 201 184 228 213 265
Total debt 0 490 849 400 483 578 648 603 612 601 628 530 335 275 414 408 275 283
Net debt (negative = net cash) −149 321 641 201 265 387 583 521 487 469 446 218 187 74 230 180 62 18
Diluted shares — 86m 88m 89m 91m 92m 92m 91m 92m 91m 85m 84m 87m 86m 84m 82m 81m 80m
Returned to shareholders
Dividends — — — — — — — — 0 9 18 22 41 45 51 56 58 60
Buybacks — — — — 13 12 1 44 34 121 58 25 34 94 212 16 195 —
Total returned — — — — 13 12 1 44 34 130 77 47 75 138 262 71 253 60

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · June 30, 2026
What it owns · $4.7bn
Short-term assets $2.3bnLonger-term assets $2.4bn
What it owes, and who funded it · $3.9bn
Short-term liabilities $1.6bnShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $2.3bn of assets due within a year against $1.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $265m of cash against $283m of debt.
  • Debt below 40% of shareholders' equity Debt is 12% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 23% to 12% over five years.
  • A year's operating cash flow covers at least 20% of debt $674m of operating cash flow against $283m of debt.
  • Operating profit covers interest at least five times over Operating income of $371m against $36m of interest.

From Rush Enterprises Inc \tx\'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$195M
Dividends (TTM)
$59.9M
Returned to shareholders
55%
of free cash flow
Buybacks, last 3 fiscal years
$422M
Diluted share count
−2.4%
year over year
Total shareholder yield
7.1%
dividends 1.7% + buybacks 5.5% of market value
Dividend payout ratio
23%
of net income paid out
Sales & admin spending
13.6%
of revenue
Days sales outstanding
15 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in trading companies & distributors
Last 12 months unless stated RUSHA WSO CNM AER FAST QXO Median
Revenue, last 12 months $7.2bn $7.3bn $7.7bn $8.5bn $9.1bn $9.9bn $2.2bn
Revenue growth, last 12 months −5.9% −3.0% −0.5% 6.5% 13.5% 408.3% 8.4%
Revenue growth, 3-year average −1.9% 0.5% 5.1% 100.9% 7.6% 484.0% 5.1%
Revenue growth, latest quarter −1.6% 2.1% 2.5% — 15.5% 70.3% 9.0%
Gross margin 19.7% 27.5% 27.0% 18.1% 44.6% 24.0% 28.3%
Operating margin 5.1% 9.4% 9.6% 27.0% 20.5% −3.4% 5.5%
Operating margin, 3-year average 5.6% 10.0% 9.7% — 20.4% −9.4% 6.4%
Net margin 3.7% 6.5% 6.0% 44.0% 15.6% −5.2% 3.5%
Cash from operations / revenue 9.3% 10.1% 8.9% 63.3% 15.8% 2.6% 4.9%
Free-cash-flow margin 4.8% 9.6% 8.2% 32.2% 13.0% 1.4% 2.4%
Free-cash-flow margin, 3-year average 3.1% 8.4% 8.7% 32.6% 13.0% −0.7% 3.1%
Stock pay / revenue 0.4% 0.5% 0.2% 2.0% 0.1% 1.3% 0.5%
Change in share count −2.4% 1.0% −1.8% −9.4% −0.7% 2.3% −0.5%

Median of all 32 companies we cover in trading companies & distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 trading companies & distributors companies
Measure Company Peer median Rank
Revenue growth Growth -5.9% 8.5% 29 of 32
Change in growth rate Growth +0.8pp +0.8pp 16 of 32
Gross margin Profitability 19.7% 28.9% 24 of 26
Operating margin Profitability 5.1% 5.5% 15 of 28
Net margin Profitability 3.7% 3.5% 15 of 32
Free-cash-flow margin Cash generation 4.8% 2.8% 14 of 32
Stock pay as % of revenue Cash generation 0.4% 0.5% 9 of 29
Long-term debt as % of assets Balance sheet 6.0% 21.4% 4 of 29
Change in share count Balance sheet -2.4% -0.8% 7 of 27
Days sales outstanding Balance sheet 15 days 57 days 2 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
New and Used Commercial Vehicle $4.5B ▼ 7.9%
Commercial Vehicle $4.5B ▼ 7.9%
Parts and Service $2.5B ▲ 0.3%
Parts $1.5B ▲ 2.9%
Commercial Vehicle Repair Service $1B ▼ 3.2%
Finance and Insurance $21.1M ▼ 3.9%
Other $16.8M ▼ 27.0%
Insurance $12.4M ▼ 5.1%
Financial Service $8.8M ▼ 2.1%

These categories overlap or exclude eliminations, so shares aren't shown.

From Rush Enterprises Inc \tx\'s 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.7B
Institutions reporting
362
Shares held vs prior quarter
▲ 3.3%
Positions opened / closed
44 / 29

Top buyers and sellers, Q2 2026: 184 institutions bought and 153 sold ; the biggest buyer was Westwood Holdings Group Inc (+832K shares) and the biggest seller FMR LLC (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $751M 10.3M 15.9% ▲ 7.0%
FMR LLC $560M 7.7M 11.9% ▼ 14.7%
Vanguard Portfolio Management LLC $262M 3.6M 5.6% ▲ 1.4%
Dimensional Fund Advisors LP $239M 3.3M 5.1% ▼ 7.0%
American Century Companies Inc $220M 3.0M 4.7% ▲ 36.4%
Vanguard Capital Management LLC $183M 2.5M 3.9% ▼ 0.2%
State Street Corp $177M 2.4M 3.8% ▲ 4.1%
Wellington Management Group LLP $147M 2.0M 3.1% ▼ 17.0%
Geode Capital Management, LLC $127M 1.7M 2.7% ▲ 2.3%
Jennison Associates LLC $124M 1.7M 2.6% ▲ 51.6%
T. Rowe Price Investment Management, Inc. $118M 1.6M 2.5% ▼ 0.3%
Jpmorgan Chase & Co $85.6M 1.2M 1.8% ▲ 5.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Rush Enterprises Inc \tx\'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $12M 12 trades by 6 insiders · 0% under pre-set plans
Net ▼ $12M net selling
Insider Date Trade Shares Price Value
Goldstone Michael L SVP, GC and Corp. Sec. August 3, 2026 Sell 2,100 $81.30 $170,730
Rush William M Rusty CEO, President and COB August 3, 2026 Sell 71,574 $81.05 $5.8M
Mcroberts Michael Director August 3, 2026 Sell 6,500 $81.44 $529,360
Keller Steven L CFO & Treasurer July 31, 2026 Sell 20,678 $80.73 $1.7M
Rush William M Rusty CEO, President and COB July 31, 2026 Sell 7,176 $80.76 $579,534
Goldstone Michael L SVP, GC and Corp. Sec. July 30, 2026 Sell 2,400 $81.05 $194,520
Keller Steven L CFO & Treasurer July 30, 2026 Sell 1,822 $81.12 $147,801
Mcroberts Michael Director April 30, 2026 Sell 8,000 $72.23 $577,840
Chess Raymond Joseph Director March 10, 2026 Sell 10,000 $65.05 $650,500
Pollard Jody Senior Vice President February 19, 2026 Sell 11,250 $71.92 $809,100
Mcroberts Michael Director February 19, 2026 Sell 8,000 $70.81 $566,480
Goldstone Michael L SVP, GC and Corp. Sec. February 19, 2026 Sell 4,500 $71.86 $323,370

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 12 trades and filings

No trades in Rush Enterprises Inc \tx\ disclosed in the last 12 months; 12 earlier trades on record.

  • Greg Gianforte(MT):Sale (partial), $15,001 - $50,000, traded August 26, 2020, filed September 2, 2020
  • Greg Gianforte(MT):Sale (partial), $50,001 - $100,000, traded August 24, 2020, filed September 2, 2020
  • Greg Gianforte(MT):Purchase, $50,001 - $100,000, traded January 23, 2019, filed March 6, 2019

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 16, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 28, 2026
  • February 17, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Rush Enterprises Inc \tx\ was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Rush Enterprises Inc \tx\ in brief

What does Rush Enterprises Inc \tx\ do?
Rush Enterprises Inc \tx\ is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
What is Rush Enterprises Inc \tx\'s stock ticker?
Rush Enterprises Inc \tx\ trades under the ticker RUSHA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Rush Enterprises Inc \tx\'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Rush Enterprises Inc \tx\ reported revenue of $7.2B, 5.9% lower than a year earlier, according to its SEC filings.
What is Rush Enterprises Inc \tx\'s free cash flow?
Rush Enterprises Inc \tx\'s free-cash-flow margin is 4.8% of revenue over the trailing twelve months, ranking 14 of the 32 trading companies & distributors companies we cover.
What is Rush Enterprises Inc \tx\'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Rush Enterprises Inc \tx\'s free cash flow after stock-based pay gives ~$52 per share in the base case, and ~$39–$70 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Rush Enterprises Inc \tx\'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Rush Enterprises Inc \tx\ buying back stock, and does it pay a dividend?
Rush Enterprises Inc \tx\ spent $195M on share repurchases over the trailing twelve months, and its diluted share count fell 2.4% over the year.
What is Rush Enterprises Inc \tx\'s market cap?
On November 2, 2026, Rush Enterprises Inc \tx\'s market capitalisation was about $3.6B, with a price-to-earnings ratio of 13.4 and net debt of $17.8M. Market figures come from third-party market data and may be delayed.
Does Rush Enterprises Inc \tx\ pay a dividend?
Yes: Rush Enterprises Inc \tx\ paid $59.9M in dividends over the trailing twelve months, a dividend yield of 1.68% and a payout ratio of 22.6%.
How much debt does Rush Enterprises Inc \tx\ have?
Rush Enterprises Inc \tx\'s debt-to-equity ratio is 12.1%, from its latest balance sheet (22.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Rush Enterprises Inc \tx\'s competitors?
In our Trading Companies & Distributors peer group, the companies closest to Rush Enterprises Inc \tx\ are Watsco Inc, Core & Main, Inc., Aercap Holdings N.V., Fastenal and QXO, Inc. The side-by-side comparison below sets their revenue, margins and growth against Rush Enterprises Inc \tx\'s.
Are insiders buying or selling Rush Enterprises Inc \tx\ stock?
Over the last 12 months, Rush Enterprises Inc \tx\'s directors and officers reported 0 open-market purchases and 12 sales on Form 4. The insider trading page charts every trade.
When is Rush Enterprises Inc \tx\'s next earnings date?
Around February 16, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Rush Enterprises Inc \tx\ announces its own schedule.