Latest Ratios: P/E Ratio 22.0x · EV/EBITDA 10.7x · ROE 12.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.6B | $4.4B | $4.5B | $4.2B | $3.0B | $2.1B | $1.6B | $1.2B | $926M | $1.4B | $857M |
| Enterprise Value | $6.9B | $5.7B | $6.0B | $5.8B | $4.2B | $3.2B | $2.5B | $2.8B | $2.5B | $2.7B | $2.1B |
| P/E Ratio → | 22.05 | 16.50 | 14.73 | 12.12 | 7.63 | 8.89 | 13.80 | 8.17 | 6.66 | 8.15 | 21.16 |
| P/S Ratio | 0.75 | 0.59 | 0.57 | 0.53 | 0.42 | 0.42 | 0.33 | 0.20 | 0.17 | 0.30 | 0.20 |
| P/B Ratio | 2.61 | 1.96 | 2.07 | 2.23 | 1.69 | 1.46 | 1.25 | 1.00 | 0.87 | 1.35 | 0.99 |
| P/FCF | 9.77 | 7.60 | 24.04 | — | 58.19 | 8.42 | 2.53 | 9.07 | — | — | 2.64 |
| P/OCF | 5.76 | 4.47 | 7.24 | 14.24 | 10.15 | 5.09 | 2.08 | 2.75 | 4.30 | 9.17 | 1.64 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.77 | 0.77 | 0.74 | 0.59 | 0.61 | 0.53 | 0.47 | 0.45 | 0.58 | 0.50 |
| EV / EBITDA | 10.74 | 8.81 | 8.50 | 7.96 | 5.99 | 6.59 | 7.51 | 7.02 | 6.41 | 8.97 | 8.91 |
| EV / EBIT | 17.64 | 14.45 | 12.75 | 11.32 | 8.38 | 10.25 | 15.45 | 12.71 | 12.18 | 18.48 | 24.35 |
| EV / FCF | — | 9.93 | 32.11 | — | 82.23 | 12.35 | 3.98 | 21.53 | — | — | 6.55 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.7% | 18.7% | 19.6% | 20.1% | 20.9% | 21.3% | 18.5% | 17.7% | 17.8% | 17.6% | 17.0% |
| Operating Margin | 5.3% | 5.3% | 6.0% | 6.5% | 7.1% | 6.0% | 3.3% | 3.7% | 3.7% | 3.2% | 1.9% |
| Net Profit Margin | 3.5% | 3.5% | 3.9% | 4.4% | 5.5% | 4.7% | 2.4% | 2.4% | 2.5% | 3.7% | 1.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.0% | 12.0% | 15.0% | 19.0% | 24.2% | 17.7% | 9.5% | 12.7% | 13.2% | 18.1% | 4.8% |
| ROA | 5.8% | 5.8% | 6.8% | 8.5% | 11.3% | 7.9% | 3.6% | 4.3% | 4.6% | 6.3% | 1.5% |
| ROIC | 8.2% | 8.2% | 9.8% | 11.8% | 13.9% | 10.0% | 4.7% | 6.0% | 6.1% | 4.9% | 2.7% |
| ROCE | 13.3% | 13.3% | 16.5% | 20.2% | 22.4% | 15.2% | 8.0% | 12.0% | 11.8% | 8.9% | 5.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.80 | 0.96 | 0.81 | 0.79 | 0.96 | 1.53 | 1.59 | 1.42 | 1.56 |
| Debt / EBITDA | 2.40 | 2.40 | 2.46 | 2.47 | 2.04 | 2.41 | 3.67 | 4.53 | 4.36 | 4.80 | 5.66 |
| Net Debt / Equity | — | 0.60 | 0.70 | 0.86 | 0.70 | 0.68 | 0.72 | 1.37 | 1.46 | 1.30 | 1.47 |
| Net Debt / EBITDA | 2.07 | 2.07 | 2.14 | 2.22 | 1.75 | 2.10 | 2.73 | 4.06 | 4.02 | 4.40 | 5.32 |
| Debt / FCF | — | 2.33 | 8.07 | — | 24.04 | 3.94 | 1.45 | 12.46 | — | — | 3.91 |
| Interest Coverage | 8.18 | 8.18 | 6.52 | 9.61 | 25.48 | 126.74 | 16.60 | 7.10 | 9.70 | 11.27 | 5.85 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.40 | 1.40 | 1.45 | 1.35 | 1.31 | 1.32 | 1.32 | 1.14 | 1.13 | 1.17 | 1.12 |
| Quick Ratio | 0.37 | 0.37 | 0.36 | 0.27 | 0.31 | 0.30 | 0.49 | 0.26 | 0.23 | 0.29 | 0.27 |
| Cash Ratio | 0.14 | 0.14 | 0.14 | 0.11 | 0.14 | 0.15 | 0.30 | 0.12 | 0.09 | 0.11 | 0.08 |
| Asset Turnover | — | 1.68 | 1.69 | 1.82 | 1.86 | 1.64 | 1.59 | 1.71 | 1.72 | 1.63 | 1.62 |
| Inventory Turnover | 3.94 | 3.94 | 3.51 | 3.51 | 3.93 | 3.95 | 4.50 | 3.61 | 3.38 | 3.76 | 4.16 |
| Days Sales Outstanding | — | 14.21 | 16.60 | 11.94 | 9.81 | 8.13 | 13.29 | 11.54 | 13.49 | 13.25 | 14.41 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.3% | 1.2% | 1.2% | 1.5% | 1.9% | 1.4% | 1.6% | 1.0% | — | — |
| Payout Ratio | 22.1% | 22.1% | 18.3% | 14.6% | 11.4% | 17.0% | 19.6% | 12.9% | 6.7% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 6.1% | 6.8% | 8.3% | 13.1% | 11.2% | 7.2% | 12.2% | 15.0% | 12.3% | 4.7% |
| FCF Yield | 10.2% | 13.2% | 4.2% | — | 1.7% | 11.9% | 39.5% | 11.0% | — | — | 37.8% |
| Buyback Yield | 3.5% | 4.5% | 0.4% | 5.0% | 3.1% | 1.6% | 1.6% | 5.0% | 13.0% | 2.4% | 5.1% |
| Total Shareholder Yield | 4.5% | 5.8% | 1.6% | 6.2% | 4.6% | 3.5% | 3.0% | 6.6% | 14.0% | 2.4% | 5.1% |
| Shares Outstanding | — | $81M | $82M | $84M | $86M | $58M | $57M | $56M | $60M | $62M | $60M |
Cyclical freight volume sensitivity
According to current market data, RUSHA trades at a P/E of 22.26, which appears elevated relative to its historical averages and suggests that investors are pricing in a recovery in freight demand that may not materialize in the immediate term given the current revenue contraction.
The forward P/E of 19.62 implies that the market expects a stabilization in earnings, yet the PEG ratio of 2.15 indicates that the current valuation may be stretched relative to the company's near-term growth prospects. This valuation premium warrants caution, as it assumes a degree of earnings resilience that may be tested if the commercial vehicle sales cycle remains in a prolonged trough.
As reported in recent financial statements, the company's ROIC has trended downward from 2.6% in 2023Q4 to 1.8% in 2026Q1, indicating that the firm is struggling to generate meaningful returns on its invested capital as the heavy-duty truck market experiences a cooling phase.
The decline in ROIC suggests that the company's significant investments in its service infrastructure are not yet yielding the expected efficiency gains in the current environment. Investors should monitor whether this trend reflects a permanent shift in capital intensity or merely a temporary drag caused by the cyclical downturn in new vehicle sales.
Based on the provided data, the cash conversion cycle has fluctuated significantly, reaching 102 days in 2026Q1, which highlights the inherent difficulty in managing inventory levels effectively during periods of shifting demand for commercial vehicles across the company's national dealership network.
The increase in days inventory outstanding, which reached 105 days in 2026Q1, suggests that the company is holding onto vehicle stock longer than in previous periods, potentially tying up liquidity. This trend warrants further investigation to determine if it reflects strategic inventory positioning or an inability to move units in a softening freight market.
According to the latest quarterly filings, the company maintains a current ratio of 1.46, which suggests that the firm possesses an adequate liquidity cushion to navigate short-term obligations despite the ongoing volatility in the broader commercial vehicle sales cycle and associated inventory financing requirements.
While the quick ratio remains low at 0.37, this is typical for a dealership model heavily reliant on inventory turnover. The stability of the current ratio indicates that management has successfully maintained a defensive posture, ensuring that the company can meet its immediate liabilities even as revenue growth remains in negative territory.
The most commonly misapplied metric for this business model is the standard P/E ratio, which fails to account for the significant non-cash adjustments and cyclical inventory financing costs that frequently distort reported net income in the commercial dealership industry.
Investors should instead focus on the 'absorption rate' and EV/EBITDA, as these metrics better capture the underlying profitability of the service-heavy business model. Relying solely on P/E risks misinterpreting the company's true earning power, as it ignores the defensive, recurring nature of the parts and service segment which often provides a floor during cyclical downturns.
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Quick answers to the most common questions about buying RUSHA stock.
Rush Enterprises, Inc.'s current P/E ratio is 22.0x. The historical average is 12.7x. This places it at the 96th percentile of its historical range.
Rush Enterprises, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.6x.
Rush Enterprises, Inc.'s return on equity (ROE) is 12.0%. The historical average is 12.6%.
Based on historical data, Rush Enterprises, Inc. is trading at a P/E of 22.0x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rush Enterprises, Inc.'s current dividend yield is 1.00% with a payout ratio of 22.1%.
Rush Enterprises, Inc. has 18.7% gross margin and 5.3% operating margin.
Rush Enterprises, Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.