Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Rush Enterprises Inc Cl A / Equity Bottom-Up

<ul><li>Rush Enterprises, Inc. reported revenues of $7.4 billion and net income of $263.8 million, or $3.27 per diluted share, for the full year 2025, with fourth-quarter revenues at $1.8 billion and net income of $64.3 million or $0.81 per diluted share.</li><li>The company’s Board approved a quarterly cash dividend of $0.19 per share.</li><li>The 2025 commercial vehicle industry faced ongoing challenges including depressed freight rates, excess capacity, and uncertainty related to trade policies and emissions regulations, factors that negatively affected demand for new trucks, particularly in the over-the-road segment, as well as aftermarket sales.</li></ul>

Rush Enterprises, Inc. reported revenues of $7.4 billion and net income of $263.8 million, or $3.27 per diluted share, for the full year 2025, with fourth-quarter revenues at $1.8 billion and net income of $64.3 million or $0.81 per diluted share.The company’s Board approved a quarterly cash dividend of $0.19 per share.The 2025 commercial vehicle industry faced ongoing challenges including depressed freight rates, excess capacity, and uncertainty related to trade policies and emissions regulations, factors that negatively affected demand for new trucks, particularly in the over-the-road segment, as well as aftermarket sales.

ラッシュ・エンタープライズ：中型トラックの弱点と大型トラックの強み―需要見通しは二分！