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Rush Enterprises (RUSHA) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Rush Enterprises (RUSHA) Q3 2026 earnings results →

Q3 2026 Revenue up 12% year over year to $2.1B · 4¢ of every $1 of revenue kept as net profit · operating margin 5.1%

Rush Enterprises made $2.1B in Q3 2026 (+12% Y/Y). Operating margin 5.1%, net earnings $78.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$2.1B
Year over year+12%
Operating margin5.1%
Net earnings$78.9M
Operating cash flow$63.9M

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Rush Enterprises Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $2.1B in Q3 2026, up 12% year over year and up 11% from the previous quarter.

Gross margin was 18.3%, down 1.6 points from Q3 2025. Operating profit was $0.11B, a 5.1% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 3% reached operating profit, below the 5% margin then. Operating expenses grew 2% against revenue growth of 12%. Net earnings were $0.08B, up 17% year over year. The effective tax rate was 23.0%.

Operating cash flow was $0.06B (down 83% year over year), 81% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.02B.

Quarterly history

Rush Enterprises revenue by quarterRush Enterprises revenue by quarter$1.9BQ1 2025$1.9BQ2 2025$1.9BQ3 2025$1.8BQ4 2025$1.7BQ1 2026$1.9BQ2 2026$2.1BQ3 2026
Rush Enterprises net earnings by quarterRush Enterprises net earnings by quarter$60.6MQ1 2025$73.0MQ2 2025$67.7MQ3 2025$64.7MQ4 2025$61.7MQ1 2026$73.0MQ2 2026$78.9MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$2.1B+12%5.1%$78.9M$63.9M
Q2 202610-QAug 7, 2026$1.9B-2%5.1%$73.0M$133M
Q1 202610-QMay 8, 2026$1.7B-9%4.9%$61.7M$60.4M
Q4 202510-KFeb 25, 2026$1.8B-12%5.2%$64.7M$113M
Q3 202510-QNov 7, 2025$1.9B-0.8%5.3%$67.7M$368M
Q2 202510-QAug 8, 2025$1.9B-5%5.7%$73.0M$228M
Q1 202510-QMay 9, 2025$1.9B-1%5.0%$60.6M$154M

Charts

Rush Enterprises: revenue growth, year over year and quarter over quarterRush Enterprises: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 2025-5%+4%Q2 2025-1%-3%Q3 2025-12%-6%Q4 2025-9%-5%Q1 2026-2%+13%Q2 2026+12%+11%Q3 2026
Latest (Q3 2026): Y/Y +12%, Q/Q +11%.
Rush Enterprises: where the cash came from (+) and went (−), TTM to Q3 2026Rush Enterprises: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$370MNet borrowing (+) / repaid (−)$342MCapital spending−$311MOther financing−$186MBuybacks−$85.1MDividends−$61.5MAcquisitions−$55.0MOther investing−$50.4MShares issued$29.9MCash drawn (+) / kept (−)$15.6MTaxes on employees’ shares−$9.5MAsset & business sales$1.4M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Rush Enterprises: profit against cash, quarter by quarterRush Enterprises: profit against cash, quarter by quarterNet incomeOperating cash flow$75.3M$392MQ4 2024$60.6M$154MQ1 2025$73.0M$228MQ2 2025$67.7M$368MQ3 2025$64.7M$113MQ4 2025$61.7M$60.4MQ1 2026$73.0M$133MQ2 2026$78.9M$63.9MQ3 2026
Latest (Q3 2026): Net income $78.9M, Operating cash flow $63.9M.
Rush Enterprises: diluted shares by fiscal yearRush Enterprises: diluted shares by fiscal year56MFY202087MFY202186MFY202284MFY202382MFY202481MFY2025
+43.5% since FY2020: more shares outstanding (issuance, stock pay).
Rush Enterprises: long-term debt falling due (FY2025)Rush Enterprises: long-term debt falling due (FY2025)$29.5M2026$127K2027$22.4M2028$220M2029$2.6M2030
Cash $213M, short-term investments —, long-term debt $275M at 2025-12-31.
Rush Enterprises in its industry: growth against margin (16 companies, SIC 5500)Rush Enterprises in its industry: growth against margin (16 companies, SIC 5500)revenue growth, year over year →↑ operating marginmedian +8%median 4%LADPAGCVNAKMXANMUSACASYGPIABGSAHCWHCPRTOPLNCRMTNXXTRUSHA (+12%, 5%)
Retail-Auto Dealers & Gasoline Stations; dot size is quarterly revenue; dashed lines are the industry's medians.

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

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About Rush Enterprises

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.

In its own words, from its 10-K, filed Feb 25, 2026.

Rush Enterprises against its Retail-Auto Dealers & Gasoline Stations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +12%. Operating margin: 5.1% against the peers' median 4.2%.

CompanyQuarterRevenueY/YOp. margin
RUSHA Rush EnterprisesQ3 2026$2.1B+12%5.1%
LAD Lithia MotorsQ3 2026$9.9B+3%4.2%
PAG Penske Automotive GroupQ3 2026$8.4B+4%3.6%
CVNA CarvanaQ3 2026$8.0B+42%8.9%
KMX CarMaxQ2 FY27$7.9B+20%2.8%
AN AutonationQ3 2026$7.0B-0.4%4.5%
MUSA Murphy USAQ3 2026$6.9B+35%3.8%
CASY Caseys General StoresQ1 FY27$5.7B+24%6.1%
GPI Group 1 AutomotiveQ3 2026$5.4B-7%3.7%

Source: Rush Enterprises 10-Q on SEC EDGAR · CIK 1012019 · Retail-Auto Dealers & Gasoline Stations

Guidance and outlook

Rush Enterprises: what its forward-looking statements are about (10-Q filed 2026-11-06)Rush Enterprises: what its forward-looking statements are about (10-Q filed 2026-11-06)Demand11Costs5Other4Margins4Buybacks & dividends3Capital spending2Tax1Financing1Legal & regulation1
32 statements; tone +0.06 (−1 all cautious, +1 all confident); 7 hedged.
Rush Enterprises: outlook statements against the filing beforeRush Enterprises: outlook statements against the filing beforeConfident5Cautious3

13F: who owns RUSHA and who is buying

Largest holders of RUSHA (13F)Largest holders of RUSHA (13F)BlackRock$751MFMR LLC$560MVanguard Group$347MVanguard Portfolio Management LLC$262MDimensional Fund Advisors LP$239MAmerican Century Companies$220MVanguard Capital Management LLC$183MState Street$177MWellington Management Group LLP$147MGeode Capital Management, LLC$127M
Funds' net buying of RUSHA by quarter (13F)Funds' net buying of RUSHA by quarter (13F)$75.4M2024-09−$24.3M2024-12$43.0M2025-03$12.9M2025-06−$38.8M2025-09$52.9M2025-12−$54.6M2026-03$135M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RUSHA

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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