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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）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
AMC ENTERTAINMENT HOLDINGS, INC.的季度营收约是Camping World Holdings, Inc.的1.1倍（$1.3B vs $1.2B），Camping World Holdings, Inc.净利率更高（-9.3% vs -9.9%，领先0.6%），AMC ENTERTAINMENT HOLDINGS, INC.同比增速更快（-1.4% vs -2.6%），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs -7.2%）
AMC娱乐控股是总部位于美国堪萨斯州利伍德的连锁影院集团，1920年创立于密苏里州堪萨斯城，是全球规模最大的影院运营商，目前在全球共运营约860家影院、总计超过9600块银幕，业务覆盖美国与欧洲多地。
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。
AMC vs CWH — 直观对比
营收规模更大
AMC
是对方的1.1倍
$1.2B
营收增速更快
AMC
高出1.2%
-2.6%
净利率更高
CWH
高出0.6%
-9.9%
两年增速更快
AMC
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-127.4M | $-109.1M |
| 毛利率 | — | 28.8% |
| 营业利润率 | 0.0% | -4.3% |
| 净利率 | -9.9% | -9.3% |
| 营收同比 | -1.4% | -2.6% |
| 净利润同比 | 6.0% | -83.3% |
| 每股收益（稀释后） | $-0.28 | — |
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AMCCWH
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $862.5M | $1.4B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.0B | $1.8B | ||
| Q1 24 | $951.4M | $1.4B |
净利润AMCCWH
| Q4 25 | $-127.4M | $-109.1M | ||
| Q3 25 | $-298.2M | $-40.4M | ||
| Q2 25 | $-4.7M | $30.2M | ||
| Q1 25 | $-202.1M | $-12.3M | ||
| Q4 24 | $-135.6M | $-59.5M | ||
| Q3 24 | $-20.7M | $5.5M | ||
| Q2 24 | $-32.8M | $9.8M | ||
| Q1 24 | $-163.5M | $-22.3M |
毛利率AMCCWH
| 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AMCCWH
| Q4 25 | 0.0% | -4.3% | ||
| Q3 25 | 2.8% | 4.4% | ||
| Q2 25 | 6.6% | 6.6% | ||
| Q1 25 | -16.9% | 1.5% | ||
| Q4 24 | 0.4% | -1.3% | ||
| Q3 24 | 5.3% | 3.7% | ||
| Q2 24 | -4.6% | 5.3% | ||
| Q1 24 | -11.4% | 0.3% |
净利率AMCCWH
| Q4 25 | -9.9% | -9.3% | ||
| Q3 25 | -22.9% | -2.2% | ||
| Q2 25 | -0.3% | 1.5% | ||
| Q1 25 | -23.4% | -0.9% | ||
| Q4 24 | -10.4% | -4.9% | ||
| Q3 24 | -1.5% | 0.3% | ||
| Q2 24 | -3.2% | 0.5% | ||
| Q1 24 | -17.2% | -1.6% |
每股收益（稀释后）AMCCWH
| Q4 25 | $-0.28 | — | ||
| Q3 25 | $-0.58 | — | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | $-0.47 | — | ||
| Q4 24 | $-0.28 | — | ||
| Q3 24 | $-0.06 | — | ||
| Q2 24 | $-0.10 | — | ||
| Q1 24 | $-0.62 | — |
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 | $428.5M | $215.0M |
| 总债务越低越好 | $4.0B | $1.5B |
| 股东权益账面价值 | $-1.9B | $228.6M |
| 总资产 | $8.0B | $5.0B |
| 负债/权益比越低杠杆越低 | — | 6.44× |
8季度趋势，按日历期对齐
现金及短期投资AMCCWH
| Q4 25 | $428.5M | $215.0M | ||
| Q3 25 | $365.8M | $230.5M | ||
| Q2 25 | $423.7M | $118.1M | ||
| Q1 25 | $378.7M | $20.9M | ||
| Q4 24 | $632.3M | $208.4M | ||
| Q3 24 | $527.4M | $28.4M | ||
| Q2 24 | $770.3M | $23.7M | ||
| Q1 24 | $624.2M | $29.7M |
总债务AMCCWH
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $4.1B | $1.5B | ||
| Q4 24 | $4.1B | $1.5B | ||
| Q3 24 | $4.2B | $1.5B | ||
| Q2 24 | $4.3B | $1.5B | ||
| Q1 24 | $4.5B | $1.6B |
股东权益AMCCWH
| Q4 25 | $-1.9B | $228.6M | ||
| Q3 25 | $-1.8B | $296.2M | ||
| Q2 25 | $-1.7B | $340.5M | ||
| Q1 25 | $-1.7B | $310.5M | ||
| Q4 24 | $-1.8B | $326.6M | ||
| Q3 24 | $-1.7B | $151.6M | ||
| Q2 24 | $-1.7B | $149.7M | ||
| Q1 24 | $-2.0B | $142.8M |
总资产AMCCWH
| Q4 25 | $8.0B | $5.0B | ||
| Q3 25 | $8.0B | $5.0B | ||
| Q2 25 | $8.2B | $5.2B | ||
| Q1 25 | $8.1B | $5.1B | ||
| Q4 24 | $8.2B | $4.9B | ||
| Q3 24 | $8.3B | $4.7B | ||
| Q2 24 | $8.6B | $5.0B | ||
| Q1 24 | $8.5B | $5.1B |
负债/权益比AMCCWH
| Q4 25 | — | 6.44× | ||
| Q3 25 | — | 5.00× | ||
| Q2 25 | — | 4.42× | ||
| Q1 25 | — | 4.87× | ||
| Q4 24 | — | 4.64× | ||
| Q3 24 | — | 10.09× | ||
| Q2 24 | — | 10.28× | ||
| Q1 24 | — | 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 | $126.7M | $-227.2M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 6.5% | — |
| 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 | $-365.9M | — |
8季度趋势，按日历期对齐
经营现金流AMCCWH
| Q4 25 | $126.7M | $-227.2M | ||
| Q3 25 | $-14.9M | $139.8M | ||
| Q2 25 | $138.4M | $187.9M | ||
| Q1 25 | $-370.0M | $-232.5M | ||
| Q4 24 | $203.6M | $-163.4M | ||
| Q3 24 | $-31.5M | $324.2M | ||
| Q2 24 | $-34.6M | $152.3M | ||
| Q1 24 | $-188.3M | $-68.0M |
自由现金流AMCCWH
| Q4 25 | $43.3M | — | ||
| Q3 25 | $-81.1M | — | ||
| Q2 25 | $88.9M | — | ||
| Q1 25 | $-417.0M | — | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | $-92.2M | — | ||
| Q2 24 | $-79.2M | — | ||
| Q1 24 | $-238.8M | — |
自由现金流率AMCCWH
| Q4 25 | 3.4% | — | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | -48.3% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | -6.8% | — | ||
| Q2 24 | -7.7% | — | ||
| Q1 24 | -25.1% | — |
资本支出强度AMCCWH
| Q4 25 | 6.5% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 5.3% | — |
现金转化率AMCCWH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 58.93× | ||
| Q2 24 | — | 15.59× | ||
| Q1 24 | — | — |
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
AMC
| Admission | $701.6M | 54% |
| Food And Beverage | $436.5M | 34% |
| Other | $106.2M | 8% |
| Advertising | $44.0M | 3% |
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% |
