RUSH ENTERPRISES INC \TX\ RUSHA
References herein to "the Company," "Rush Enterprises," "we," "our" or "us" mean Rush Enterprises, Inc., a Texas corporation, and its subsidiaries unless the context requires otherwise.
We electronically file annual reports, quarterly reports, proxy statements and other reports and information statements with the SEC. You may read and copy any of the materials that we have filed with the SEC at the SEC's Public Reference Room at 100 F Street NE, Washington, DC 20549. You may obtain information about the Public Reference Room by calling the SEC at 1-800-SEC-0330. Our filings are also available to you on the SEC's website at www.sec.gov.
Rush Enterprises, Inc. was incorporated in Texas in 1965 and consists of one reportable segment, the Truck Segment, and conducts business through its subsidiaries. Our principal offices are located at 555 IH 35 South, New Braunfels, Texas 78130.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.06B | $7.45B | $7.57B | $6.78B | $4.88B | $4.50B | $5.56B | $5.27B | $4.71B | $4.21B |
| Cost of revenue | $5.97B | $6.27B | $6.33B | $5.61B | $4.03B | $3.86B | $4.78B | $4.53B | $3.88B | $3.50B |
| Gross profit | $1.46B | $1.53B | $1.59B | $1.49B | $1.09B | $875.5M | $1.03B | $978.3M | $829.9M | $718.0M |
| SG&A | $996.2M | $995.6M | $1.02B | $927.8M | $731.3M | $665.3M | $753.7M | $705.2M | $631.1M | $587.8M |
| Operating income | $393.8M | $468.1M | $512.4M | $506.1M | $309.0M | $154.6M | $216.4M | $202.9M | $148.7M | $80.7M |
| Interest expense | $48.2M | $72.0M | $53.7M | $19.8M | $2.4M | $9.7M | $30.5M | $21.1M | $13.2M | $14.9M |
| Pre-tax income | $345.9M | $397.8M | $462.1M | $509.3M | $313.7M | $151.7M | $189.5M | $183.2M | $136.4M | $66.4M |
| Income tax | $79.8M | $92.8M | $114.0M | $117.2M | $72.3M | $36.8M | $47.9M | $44.1M | $35.7M | $25.9M |
| Net income | $266.0M | $305.0M | $348.0M | $391.8M | $241.4M | $114.9M | $141.6M | $139.1M | $172.1M | $40.6M |
| EPS, basic | 3.37 | 3.85 | 4.28 | 4.71 | 2.88 | 2.09 | 2.57 | 2.36 | 4.34 | 1.02 |
| EPS, diluted | 3.27 | 3.72 | 4.15 | 4.57 | 2.78 | 2.04 | 2.51 | 2.30 | 4.20 | 1.00 |
| Shares, diluted (wtd. avg.) | $80.7M | $81.8M | $83.7M | $85.7M | $86.8M | $56.2M | $56.4M | $60.4M | $41.0M | $40.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $212.6M | $228.1M | $183.7M | $201.0M | $148.1M | $312.0M | $181.6M | $131.7M | $124.5M | $82.0M |
| Receivables | $277.8M | $345.3M | $259.4M | $259.4M | $140.2M | $172.5M | $183.7M | $190.7M | $183.9M | $156.2M |
| Inventory | $1.53B | $1.79B | $1.80B | $1.43B | $1.02B | $858.3M | $1.33B | $1.34B | $1.03B | $840.3M |
| Total current assets | $2.09B | $2.39B | $2.26B | $1.87B | $1.32B | $1.36B | $1.71B | $1.69B | $1.38B | $1.11B |
| Property, plant and equipment | $1.69B | $1.62B | $1.49B | $1.37B | $1.28B | $1.20B | $1.28B | $1.18B | $1.16B | $1.14B |
| Goodwill | $441.6M | $427.5M | $420.7M | $416.4M | $370.3M | $292.1M | $292.1M | $291.4M | $291.4M | $290.2M |
| Total assets | $4.43B | $4.62B | $4.36B | $3.82B | $3.12B | $2.99B | $3.41B | $3.20B | $2.89B | $2.60B |
| Short-term debt | $127.0K | — | — | — | — | $141.7M | $189.3M | $162.0M | $145.1M | $130.7M |
| Total current liabilities | $1.49B | $1.65B | $1.67B | $1.43B | $1.00B | $1.03B | $1.51B | $1.49B | $1.17B | $993.1M |
| Long-term debt | $274.8M | $408.4M | $414.0M | $275.4M | $334.9M | $388.0M | $438.4M | $439.2M | $466.4M | $472.5M |
| Retained earnings | $1.90B | $1.70B | $1.45B | $1.38B | $1.03B | $831.9M | $1.07B | $942.3M | $812.6M | $640.4M |
| Total equity | $2.20B | $2.14B | $1.89B | $1.76B | $1.47B | $1.27B | $1.16B | $1.07B | $1.04B | $862.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $861.8M | $619.5M | $295.7M | $294.4M | $422.3M | $763.0M | $421.3M | $215.4M | $152.7M | $521.2M |
| Depreciation and amortisation | $252.8M | $236.1M | $221.1M | $199.1M | $169.5M | $177.3M | $175.5M | $185.1M | $158.0M | $157.6M |
| Stock-based compensation | $31.7M | $30.4M | $30.4M | $25.3M | $22.2M | $19.4M | $19.0M | $18.1M | $15.6M | $12.9M |
| Capital expenditure | $399.8M | $433.0M | $368.9M | $243.1M | $167.2M | $136.2M | $293.5M | $238.3M | $209.9M | $197.0M |
| Investing cash flow | -$417.1M | -$445.6M | -$387.0M | -$240.9M | -$432.9M | -$127.5M | -$320.5M | -$227.2M | -$206.6M | -$189.4M |
| Financing cash flow | -$460.4M | -$129.3M | $74.0M | -$690.0K | -$153.3M | -$505.1M | -$50.9M | $19.1M | $96.3M | -$314.6M |
| Dividends paid | $58.3M | $55.5M | $50.6M | $44.6M | $41.1M | $22.5M | $18.3M | $9.3M | $0 | — |
| Buybacks | $194.9M | $15.7M | $211.8M | $93.7M | $33.6M | $24.9M | $58.2M | $120.6M | $33.8M | $43.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011610.
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