Rush Enterprises A (RUSHA) financial statements
Rush Enterprises A reported revenue of $7.1B in fiscal 2025, up 4.6% a year over 9 years.
Net income was $264M and the operating margin 5.6%, against 3.2% in 2017.
Free cash flow was $462M, and the company returned $58M in dividends and $195M in net buybacks.
The diluted share count fell 12% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Rush Enterprises A's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7B | $5.3B | $5.6B | $4.5B | $4.9B | — | $6.8B | $7.6B | $7.4B | $7.1B |
| Cost of revenue | $3.9B | $4.5B | $4.8B | $3.9B | $4.0B | — | $5.6B | $6.3B | $6.3B | $6.0B |
| Gross profit | $830M | $978M | $1.0B | $875M | $1.1B | — | $1.5B | $1.6B | $1.5B | $1.5B |
| Selling, general and admin | $631M | $705M | $754M | $665M | $731M | — | $928M | $1.0B | $996M | $996M |
| Operating income | $149M | $203M | $216M | $155M | $309M | — | $506M | $512M | $468M | $394M |
| Interest expense | $13M | $21M | $30M | $10M | $2M | — | $20M | $54M | $72M | $48M |
| Pre-tax income | $136M | $183M | $190M | $152M | $314M | — | $509M | $462M | $398M | $346M |
| Income tax | -$36M | $44M | $48M | $37M | $72M | — | $117M | $114M | $93M | $80M |
| Net income | $172M | $139M | $142M | $115M | $241M | $392M | $391M | $347M | $304M | $264M |
| EPS (diluted) | $1.87 | $1.53 | $1.67 | $1.36 | $2.78 | — | $4.57 | $4.15 | $3.72 | $3.27 |
| Diluted shares | 92M | 91M | 85M | 84M | 87M | — | 86M | 84M | 82M | 81M |
| Gross margin | 17.6% | 18.6% | 18.4% | 19.5% | 22.4% | — | 21.9% | 21.0% | 20.6% | 20.7% |
| Operating margin | 3.2% | 3.9% | 3.9% | 3.4% | 6.3% | — | 7.5% | 6.8% | 6.3% | 5.6% |
| Net margin | 3.7% | 2.6% | 2.5% | 2.6% | 4.9% | — | 5.8% | 4.6% | 4.1% | 3.7% |
Balance sheet
Fiscal years, from Rush Enterprises A's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $125M | $132M | $182M | $312M | $148M | — | $201M | $184M | $228M | $213M |
| Receivables | $184M | $191M | $184M | $172M | $140M | — | $221M | $259M | $345M | $278M |
| Inventory | $1.0B | $1.3B | $1.3B | $858M | $1.0B | — | $1.4B | $1.8B | $1.8B | $1.5B |
| Total current assets | $1.4B | $1.7B | $1.7B | $1.4B | $1.3B | — | $1.9B | $2.3B | $2.4B | $2.1B |
| Property, plant and equipment | $1.2B | $1.2B | $1.3B | $1.2B | $1.3B | — | $1.4B | $1.5B | $1.6B | $1.7B |
| Goodwill | $291M | $291M | $292M | $292M | $370M | — | $416M | $421M | $427M | $442M |
| Total assets | $2.9B | $3.2B | $3.4B | $3.0B | $3.1B | — | $3.8B | $4.4B | $4.6B | $4.4B |
| Total current liabilities | $1.2B | $1.5B | $1.5B | $1.0B | $1.0B | — | $1.4B | $1.7B | $1.7B | $1.5B |
| Long-term debt | $466M | $439M | $438M | $388M | $335M | — | $275M | $414M | $408M | $275M |
| Total liabilities | $1.8B | $2.1B | $2.2B | $1.7B | $1.7B | — | $2.1B | $2.5B | $2.5B | $2.2B |
| Shareholders' equity | $1.0B | $1.1B | $1.2B | $1.3B | $1.5B | — | $1.7B | $1.9B | $2.1B | $2.2B |
| Net debt | $487M | $469M | $446M | $218M | $187M | — | $74M | $230M | $180M | $62M |
Cash flow
Fiscal years, from Rush Enterprises A's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $153M | $215M | $421M | $763M | $422M | — | $294M | $296M | $620M | $862M |
| Capital spending | $210M | $238M | $293M | $136M | $167M | — | $243M | $369M | $433M | $400M |
| Free cash flow | -$57M | -$23M | $128M | $627M | $255M | — | $51M | -$73M | $187M | $462M |
| Stock-based compensation | $16M | $18M | $19M | $19M | $22M | — | $25M | $30M | $30M | $32M |
| Dividends paid | $0 | $9M | $18M | $22M | $41M | — | $45M | $51M | $56M | $58M |
| Share buybacks (net) | -$34M | -$121M | -$58M | -$25M | -$34M | — | -$94M | -$212M | -$16M | -$195M |
| Net borrowing | $8M | -$10M | $210M | $157M | $260M | — | $958M | $1.4B | $1.8B | $1.1B |
| Free cash flow margin | -1.2% | -0.4% | 2.3% | 13.9% | 5.2% | — | 0.8% | -1.0% | 2.5% | 6.5% |
| Dividends per share | — | $0.10 | $0.22 | $0.27 | $0.47 | — | $0.52 | $0.60 | $0.68 | $0.72 |
Questions
What was Rush Enterprises A's revenue in 2025?
$7.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Rush Enterprises A generate?
$462M in fiscal 2025 (operating cash flow minus capital spending).
From Rush Enterprises A's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.