RUSHBRUSH ENTERPRISES INC \TX\
Retail-Auto Dealers & Gasoline Stations
- Revenue
- $7.1B
- 5.2% YoY
- Operating margin
- 5.6%
- 11% YoY
- EBITDA
- $647M
- 8.2% YoY
- Market cap
- $4.5B
- Employees
- 7,355
- $961K revenue each
- Net debt / EBITDA
- 0.0×
- $10M net debt
- AI in 10-K
- 2.6
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$10M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo324% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo29% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo9% of assetsOver 40% of assets
- Shareholder dissentYes68% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$961K · 50th pctBottom quartile of its SIC industry
- Quiet on AINo2.6 per 10K words · 64th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$4.5B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$12M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.9B | $6.8B | $7.6B | $7.4B | $7.1B | 5.2% |
| Operating income | $309M | $506M | $512M | $468M | $394M | 16% |
| Net income | $241M | $392M | $348M | $305M | $266M | 13% |
| Operating cash flow | $422M | $294M | $296M | $620M | $862M | 39% |
| Capex | $167M | $243M | $369M | $433M | $400M | 7.7% |
| Stock-based comp | $22M | $25M | $30M | $30M | $32M | 4.5% |
| Buybacks | $34M | $94M | $212M | $16M | $195M | 1138% |
| Dividends | $41M | $45M | $51M | $56M | $58M | 5.1% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Apr 10, 2025 | GAMCO INVESTORS, INC. ET AL | SCHEDULE 13D/A | 9.5% | Passive |
| Feb 15, 2024 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 10.7% | Passive |
| Dec 13, 2023 | RUSH WILLIAM M RUSTY | SC 13D/A | 43.0% | Passive |
| Apr 10, 2023 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 9.4% | Passive |
| Oct 21, 2022 | RUSH WILLIAM M RUSTY | SC 13D/A | 8.2% | Passive |
| Mar 18, 2021 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 10.5% | Passive |
| Apr 7, 2020 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 11.5% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $12M · 12
- Net
- −$12M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $11M | 225 | 207 |
| FY2024 | $10M | $11M | 220 | 197 |
| FY2023 | $11M | $17M | 205 | 182 |
| FY2022 | $10M | $10M | 141 | 121 |
| FY2021 | $8M | $14M | 140 | 114 |