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Acadia Healthcare Company, Inc.（ACHC）与Camping World Holdings, Inc.（CWH）财务数据对比。点击上方公司名可切换其他公司
Camping World Holdings, Inc.的季度营收约是Acadia Healthcare Company, Inc.的1.4倍（$1.2B vs $821.5M），Camping World Holdings, Inc.净利率更高（-9.3% vs -143.3%，领先134.0%），Acadia Healthcare Company, Inc.同比增速更快（6.1% vs -2.6%），过去两年Acadia Healthcare Company, Inc.的营收复合增速更高（3.4% vs -7.2%）
阿卡迪亚医疗公司是美国的营利性行为医疗健康服务提供商，目前在美国及波多黎各地区运营着超过225家医疗机构，搭建了覆盖广泛的行为健康服务网络，为有相关需求的人群提供专业的心理健康与行为干预服务。
露营世界控股公司是美国知名露营房车行业企业，总部位于伊利诺伊州林肯郡，主营休闲房车销售、房车配件供应及售后维保服务，同时也售卖各类露营装备。目前公司在全美共设有202家线下门店，除线下门店经营外，还通过电话等渠道开展零售业务，2016年10月完成首次公开募股上市，募资2.51亿美元。
ACHC vs CWH — 直观对比
营收规模更大
CWH
是对方的1.4倍
$821.5M
营收增速更快
ACHC
高出8.7%
-2.6%
净利率更高
CWH
高出134.0%
-143.3%
两年增速更快
ACHC
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.5M | $1.2B |
| 净利润 | $-1.2B | $-109.1M |
| 毛利率 | — | 28.8% |
| 营业利润率 | -142.4% | -4.3% |
| 净利率 | -143.3% | -9.3% |
| 营收同比 | 6.1% | -2.6% |
| 净利润同比 | -3710.4% | -83.3% |
| 每股收益（稀释后） | $-12.98 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACHCCWH
| Q4 25 | $821.5M | $1.2B | ||
| Q3 25 | $851.6M | $1.8B | ||
| Q2 25 | $869.2M | $2.0B | ||
| Q1 25 | $770.5M | $1.4B | ||
| Q4 24 | $774.2M | $1.2B | ||
| Q3 24 | $815.6M | $1.7B | ||
| Q2 24 | $796.0M | $1.8B | ||
| Q1 24 | $768.1M | $1.4B |
净利润ACHCCWH
| Q4 25 | $-1.2B | $-109.1M | ||
| Q3 25 | $36.2M | $-40.4M | ||
| Q2 25 | $30.1M | $30.2M | ||
| Q1 25 | $8.4M | $-12.3M | ||
| Q4 24 | $32.6M | $-59.5M | ||
| Q3 24 | $68.1M | $5.5M | ||
| Q2 24 | $78.5M | $9.8M | ||
| Q1 24 | $76.4M | $-22.3M |
毛利率ACHCCWH
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 28.6% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.3% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 29.5% |
营业利润率ACHCCWH
| Q4 25 | -142.4% | -4.3% | ||
| Q3 25 | 4.7% | 4.4% | ||
| Q2 25 | 5.8% | 6.6% | ||
| Q1 25 | 1.7% | 1.5% | ||
| Q4 24 | 4.9% | -1.3% | ||
| Q3 24 | 12.1% | 3.7% | ||
| Q2 24 | 13.4% | 5.3% | ||
| Q1 24 | 12.9% | 0.3% |
净利率ACHCCWH
| Q4 25 | -143.3% | -9.3% | ||
| Q3 25 | 4.3% | -2.2% | ||
| Q2 25 | 3.5% | 1.5% | ||
| Q1 25 | 1.1% | -0.9% | ||
| Q4 24 | 4.2% | -4.9% | ||
| Q3 24 | 8.4% | 0.3% | ||
| Q2 24 | 9.9% | 0.5% | ||
| Q1 24 | 9.9% | -1.6% |
每股收益（稀释后）ACHCCWH
| Q4 25 | $-12.98 | — | ||
| Q3 25 | $0.40 | — | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $0.74 | — | ||
| Q2 24 | $0.85 | — | ||
| Q1 24 | $0.83 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $133.2M | $215.0M |
| 总债务越低越好 | $2.5B | $1.5B |
| 股东权益账面价值 | $1.9B | $228.6M |
| 总资产 | $5.5B | $5.0B |
| 负债/权益比越低杠杆越低 | 1.28× | 6.44× |
8季度趋势，按日历期对齐
现金及短期投资ACHCCWH
| Q4 25 | $133.2M | $215.0M | ||
| Q3 25 | $118.7M | $230.5M | ||
| Q2 25 | $131.4M | $118.1M | ||
| Q1 25 | $91.2M | $20.9M | ||
| Q4 24 | $76.3M | $208.4M | ||
| Q3 24 | $82.1M | $28.4M | ||
| Q2 24 | $77.2M | $23.7M | ||
| Q1 24 | $77.3M | $29.7M |
总债务ACHCCWH
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $1.9B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.9B | $1.6B |
股东权益ACHCCWH
| Q4 25 | $1.9B | $228.6M | ||
| Q3 25 | $3.1B | $296.2M | ||
| Q2 25 | $3.1B | $340.5M | ||
| Q1 25 | $3.0B | $310.5M | ||
| Q4 24 | $3.1B | $326.6M | ||
| Q3 24 | $3.0B | $151.6M | ||
| Q2 24 | $3.0B | $149.7M | ||
| Q1 24 | $2.9B | $142.8M |
总资产ACHCCWH
| Q4 25 | $5.5B | $5.0B | ||
| Q3 25 | $6.4B | $5.0B | ||
| Q2 25 | $6.3B | $5.2B | ||
| Q1 25 | $6.1B | $5.1B | ||
| Q4 24 | $6.0B | $4.9B | ||
| Q3 24 | $5.9B | $4.7B | ||
| Q2 24 | $5.7B | $5.0B | ||
| Q1 24 | $5.5B | $5.1B |
负债/权益比ACHCCWH
| Q4 25 | 1.28× | 6.44× | ||
| Q3 25 | 0.74× | 5.00× | ||
| Q2 25 | 0.74× | 4.42× | ||
| Q1 25 | 0.72× | 4.87× | ||
| Q4 24 | 0.64× | 4.64× | ||
| Q3 24 | 0.62× | 10.09× | ||
| Q2 24 | 0.62× | 10.28× | ||
| Q1 24 | 0.65× | 11.00× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-86.3M | $-227.2M |
| 自由现金流经营现金流 - 资本支出 | $-179.5M | — |
| 自由现金流率自由现金流/营收 | -21.8% | — |
| 资本支出强度资本支出/营收 | 11.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-439.9M | — |
8季度趋势，按日历期对齐
经营现金流ACHCCWH
| Q4 25 | $-86.3M | $-227.2M | ||
| Q3 25 | $73.2M | $139.8M | ||
| Q2 25 | $133.5M | $187.9M | ||
| Q1 25 | $11.5M | $-232.5M | ||
| Q4 24 | $116.7M | $-163.4M | ||
| Q3 24 | $163.1M | $324.2M | ||
| Q2 24 | $171.1M | $152.3M | ||
| Q1 24 | $-321.3M | $-68.0M |
自由现金流ACHCCWH
| Q4 25 | $-179.5M | — | ||
| Q3 25 | $-63.0M | — | ||
| Q2 25 | $-34.2M | — | ||
| Q1 25 | $-163.2M | — | ||
| Q4 24 | $-86.8M | — | ||
| Q3 24 | $-27.1M | — | ||
| Q2 24 | $16.9M | — | ||
| Q1 24 | $-463.7M | — |
自由现金流率ACHCCWH
| Q4 25 | -21.8% | — | ||
| Q3 25 | -7.4% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | -21.2% | — | ||
| Q4 24 | -11.2% | — | ||
| Q3 24 | -3.3% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -60.4% | — |
资本支出强度ACHCCWH
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 19.4% | — | ||
| Q1 24 | 18.5% | — |
现金转化率ACHCCWH
| Q4 25 | — | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 4.43× | 6.22× | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 2.39× | 58.93× | ||
| Q2 24 | 2.18× | 15.59× | ||
| Q1 24 | -4.21× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACHC
| Acute Inpatient Psychiatric Facilities | $451.2M | 55% |
| Comprehensive Treatment Centers | $144.2M | 18% |
| Medicare | $113.7M | 14% |
| Residential Treatment Centers | $89.7M | 11% |
| Self Payor | $16.1M | 2% |
| Other Payor | $10.7M | 1% |
CWH
| New Vehicles | $457.8M | 39% |
| Used Vehicles | $386.5M | 33% |
| Products Service And Other | $160.5M | 14% |
| Finance And Insurance Net | $111.4M | 9% |
| Good Sam Services And Plans | $48.0M | 4% |
| Good Sam Club | $10.5M | 1% |
