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AUTONATION, INC.（AN）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
AUTONATION, INC.的季度营收约是Camping World Holdings, Inc.的5.9倍（$6.9B vs $1.2B）。AUTONATION, INC.净利率更高（2.5% vs -9.3%，领先11.8%）。Camping World Holdings, Inc.同比增速更快（-2.6% vs -3.9%）。过去两年AUTONATION, INC.的营收复合增速更高（3.4% vs -7.2%）
AutoNation是总部位于美国佛罗里达州劳德代尔堡的汽车零售企业，1996年由韦恩·休伊森创立，最初仅拥有12家门店，目前在全美运营超300个零售网点，提供新车、二手车销售及相关配套服务。
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。
AN vs CWH — 直观对比
营收规模更大
AN
是对方的5.9倍
$1.2B
营收增速更快
CWH
高出1.4%
-3.9%
净利率更高
AN
高出11.8%
-9.3%
两年增速更快
AN
近两年复合增速
-7.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $1.2B |
| 净利润 | $172.1M | $-109.1M |
| 毛利率 | 17.5% | 28.8% |
| 营业利润率 | 4.5% | -4.3% |
| 净利率 | 2.5% | -9.3% |
| 营收同比 | -3.9% | -2.6% |
| 净利润同比 | -7.5% | -83.3% |
| 每股收益（稀释后） | $4.68 | — |
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ANCWH
| Q4 25 | $6.9B | $1.2B | ||
| Q3 25 | $7.0B | $1.8B | ||
| Q2 25 | $7.0B | $2.0B | ||
| Q1 25 | $6.7B | $1.4B | ||
| Q4 24 | $7.2B | $1.2B | ||
| Q3 24 | $6.6B | $1.7B | ||
| Q2 24 | $6.5B | $1.8B | ||
| Q1 24 | $6.5B | $1.4B |
净利润ANCWH
| Q4 25 | $172.1M | $-109.1M | ||
| Q3 25 | $215.1M | $-40.4M | ||
| Q2 25 | $86.4M | $30.2M | ||
| Q1 25 | $175.5M | $-12.3M | ||
| Q4 24 | $186.1M | $-59.5M | ||
| Q3 24 | $185.8M | $5.5M | ||
| Q2 24 | $130.2M | $9.8M | ||
| Q1 24 | $190.1M | $-22.3M |
毛利率ANCWH
| Q4 25 | 17.5% | 28.8% | ||
| Q3 25 | 17.6% | 28.6% | ||
| Q2 25 | 18.3% | 30.0% | ||
| Q1 25 | 18.2% | 30.4% | ||
| Q4 24 | 17.2% | 31.3% | ||
| Q3 24 | 18.0% | 28.9% | ||
| Q2 24 | 17.9% | 30.3% | ||
| Q1 24 | 18.5% | 29.5% |
营业利润率ANCWH
| Q4 25 | 4.5% | -4.3% | ||
| Q3 25 | 5.3% | 4.4% | ||
| Q2 25 | 3.1% | 6.6% | ||
| Q1 25 | 5.0% | 1.5% | ||
| Q4 24 | 4.7% | -1.3% | ||
| Q3 24 | 5.3% | 3.7% | ||
| Q2 24 | 4.2% | 5.3% | ||
| Q1 24 | 5.2% | 0.3% |
净利率ANCWH
| Q4 25 | 2.5% | -9.3% | ||
| Q3 25 | 3.1% | -2.2% | ||
| Q2 25 | 1.2% | 1.5% | ||
| Q1 25 | 2.6% | -0.9% | ||
| Q4 24 | 2.6% | -4.9% | ||
| Q3 24 | 2.8% | 0.3% | ||
| Q2 24 | 2.0% | 0.5% | ||
| Q1 24 | 2.9% | -1.6% |
每股收益（稀释后）ANCWH
| Q4 25 | $4.68 | — | ||
| Q3 25 | $5.65 | — | ||
| Q2 25 | $2.26 | — | ||
| Q1 25 | $4.45 | — | ||
| Q4 24 | $4.62 | — | ||
| Q3 24 | $4.61 | — | ||
| Q2 24 | $3.20 | — | ||
| Q1 24 | $4.49 | — |
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 | $58.6M | $215.0M |
| 总债务越低越好 | $3.7B | $1.5B |
| 股东权益账面价值 | $2.3B | $228.6M |
| 总资产 | $14.4B | $5.0B |
| 负债/权益比越低杠杆越低 | 1.58× | 6.44× |
8季度趋势，按日历期对齐
现金及短期投资ANCWH
| Q4 25 | $58.6M | $215.0M | ||
| Q3 25 | $97.6M | $230.5M | ||
| Q2 25 | $62.9M | $118.1M | ||
| Q1 25 | $70.5M | $20.9M | ||
| Q4 24 | $59.8M | $208.4M | ||
| Q3 24 | $60.2M | $28.4M | ||
| Q2 24 | $85.9M | $23.7M | ||
| Q1 24 | $60.3M | $29.7M |
总债务ANCWH
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $3.1B | $1.5B | ||
| Q1 24 | $3.1B | $1.6B |
股东权益ANCWH
| Q4 25 | $2.3B | $228.6M | ||
| Q3 25 | $2.5B | $296.2M | ||
| Q2 25 | $2.5B | $340.5M | ||
| Q1 25 | $2.4B | $310.5M | ||
| Q4 24 | $2.5B | $326.6M | ||
| Q3 24 | $2.4B | $151.6M | ||
| Q2 24 | $2.2B | $149.7M | ||
| Q1 24 | $2.4B | $142.8M |
总资产ANCWH
| Q4 25 | $14.4B | $5.0B | ||
| Q3 25 | $14.2B | $5.0B | ||
| Q2 25 | $13.6B | $5.2B | ||
| Q1 25 | $13.3B | $5.1B | ||
| Q4 24 | $13.0B | $4.9B | ||
| Q3 24 | $12.9B | $4.7B | ||
| Q2 24 | $12.8B | $5.0B | ||
| Q1 24 | $12.0B | $5.1B |
负债/权益比ANCWH
| Q4 25 | 1.58× | 6.44× | ||
| Q3 25 | — | 5.00× | ||
| Q2 25 | — | 4.42× | ||
| Q1 25 | 1.29× | 4.87× | ||
| Q4 24 | 1.06× | 4.64× | ||
| Q3 24 | 1.32× | 10.09× | ||
| Q2 24 | 1.43× | 10.28× | ||
| Q1 24 | 1.32× | 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 | $150.5M | $-227.2M |
| 自由现金流经营现金流 - 资本支出 | $64.2M | — |
| 自由现金流率自由现金流/营收 | 0.9% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 0.87× | — |
| 过去12个月自由现金流最近4个季度 | $-197.5M | — |
8季度趋势，按日历期对齐
经营现金流ANCWH
| Q4 25 | $150.5M | $-227.2M | ||
| Q3 25 | $191.7M | $139.8M | ||
| Q2 25 | $-177.8M | $187.9M | ||
| Q1 25 | $-52.5M | $-232.5M | ||
| Q4 24 | $149.8M | $-163.4M | ||
| Q3 24 | $-70.0M | $324.2M | ||
| Q2 24 | $-59.6M | $152.3M | ||
| Q1 24 | $294.5M | $-68.0M |
自由现金流ANCWH
| Q4 25 | $64.2M | — | ||
| Q3 25 | $122.8M | — | ||
| Q2 25 | $-256.8M | — | ||
| Q1 25 | $-127.7M | — | ||
| Q4 24 | $83.5M | — | ||
| Q3 24 | $-151.0M | — | ||
| Q2 24 | $-147.1M | — | ||
| Q1 24 | $200.8M | — |
自由现金流率ANCWH
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | -1.9% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | -2.3% | — | ||
| Q1 24 | 3.1% | — |
资本支出强度ANCWH
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.4% | — |
现金转化率ANCWH
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | -2.06× | 6.22× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | -0.38× | 58.93× | ||
| Q2 24 | -0.46× | 15.59× | ||
| Q1 24 | 1.55× | — |
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
AN
| New Vehicle | $3.4B | 50% |
| Transferred At Point In Time | $1.7B | 24% |
| Parts And Service | $1.2B | 18% |
| Finance And Insurance Net | $369.4M | 5% |
| Transferred Over Time | $221.4M | 3% |
| Other | $3.5M | 0% |
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% |
