Rush Enterprises Inc. \TX\ (RUSHB) intrinsic value & 10-year financials
Rush Enterprises Inc. \TX\ (RUSHB) has a Graham intrinsic value of $103.37 per share. Over the last 10 fiscal years revenue grew 5.9% a year to $7.1B, with an average return on invested capital of 12.0%.
- Graham intrinsic value
- $103.37
- Revenue (FY2025)
- $7.1B
- Revenue growth (10-yr CAGR)
- 5.9%
- ROIC (10-yr avg)
- 12.0%
- Free cash flow (FY2025)
- $462.0M
RUSHB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $7.1B | $263.8M | $3.27 | $462.0M | 5.6% | 12.2% |
| FY2024 | $7.4B | $304.2M | $3.72 | $186.5M | 6.3% | 14.9% |
| FY2023 | $7.6B | $347.1M | $4.15 | -$73.2M | 6.8% | 17.9% |
| FY2022 | $6.8B | $391.4M | $6.85 | $51.3M | 7.5% | 20.5% |
| FY2021 | $4.9B | $241.4M | $4.17 | $255.2M | 6.3% | 13.9% |
| FY2020 | $4.5B | $114.9M | $2.04 | $626.8M | 3.4% | 7.0% |
| FY2019 | $5.6B | $141.6M | $3.77 | $127.8M | 3.9% | 9.8% |
| FY2018 | $5.3B | $139.1M | $3.45 | -$22.9M | 3.9% | 9.9% |
| FY2017 | $4.7B | $172.1M | $4.20 | -$57.2M | 3.2% | 10.2% |
| FY2016 | $4.2B | $40.6M | $1.00 | $324.2M | 1.9% | 3.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RUSH ENTERPRISES INC \TX\ has demonstrated mature, steady growth, with revenue compounding at 5.9% annually over the past decade.
RUSH ENTERPRISES INC \TX\ returns on capital have been average, hovering around 12.0% ROIC over the decade.
RUSH ENTERPRISES INC \TX\ has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RUSH ENTERPRISES INC \TX\ is modeled at 14.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $103.37 per share.