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AXIS CAPITAL HOLDINGS LTD（AXS）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
AXIS CAPITAL HOLDINGS LTD的季度营收约是Camping World Holdings, Inc.的1.5倍（$1.7B vs $1.2B），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs -9.3%，领先26.0%），AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs -2.6%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（10.3% vs -7.2%）
AXIS资本控股有限公司是AXIS集团的控股主体，通过百慕大、美国、加拿大、欧洲及新加坡的子公司与分支机构网络，提供各类风险转移产品及服务。保险业务覆盖财产、职业责任、恐怖主义、航运、能源、环境等领域，再保险业务包含财产、职业责任、信用债券等品类。
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。
AXS vs CWH — 直观对比
营收规模更大
AXS
是对方的1.5倍
$1.2B
营收增速更快
AXS
高出20.4%
-2.6%
净利率更高
AXS
高出26.0%
-9.3%
两年增速更快
AXS
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $289.6M | $-109.1M |
| 毛利率 | — | 28.8% |
| 营业利润率 | 19.0% | -4.3% |
| 净利率 | 16.7% | -9.3% |
| 营收同比 | 17.8% | -2.6% |
| 净利润同比 | -1.4% | -83.3% |
| 每股收益（稀释后） | $3.63 | — |
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AXSCWH
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.6B | $2.0B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.4B | $1.4B |
净利润AXSCWH
| Q4 25 | $289.6M | $-109.1M | ||
| Q3 25 | $301.9M | $-40.4M | ||
| Q2 25 | $223.4M | $30.2M | ||
| Q1 25 | $194.1M | $-12.3M | ||
| Q4 24 | $293.6M | $-59.5M | ||
| Q3 24 | $180.7M | $5.5M | ||
| Q2 24 | $212.0M | $9.8M | ||
| Q1 24 | $395.5M | $-22.3M |
毛利率AXSCWH
| 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AXSCWH
| Q4 25 | 19.0% | -4.3% | ||
| Q3 25 | 22.1% | 4.4% | ||
| Q2 25 | 17.2% | 6.6% | ||
| Q1 25 | 15.5% | 1.5% | ||
| Q4 24 | 18.6% | -1.3% | ||
| Q3 24 | 14.2% | 3.7% | ||
| Q2 24 | 17.4% | 5.3% | ||
| Q1 24 | 19.0% | 0.3% |
净利率AXSCWH
| Q4 25 | 16.7% | -9.3% | ||
| Q3 25 | 18.0% | -2.2% | ||
| Q2 25 | 13.7% | 1.5% | ||
| Q1 25 | 12.8% | -0.9% | ||
| Q4 24 | 20.0% | -4.9% | ||
| Q3 24 | 11.2% | 0.3% | ||
| Q2 24 | 14.6% | 0.5% | ||
| Q1 24 | 27.8% | -1.6% |
每股收益（稀释后）AXSCWH
| Q4 25 | $3.63 | — | ||
| Q3 25 | $3.74 | — | ||
| Q2 25 | $2.72 | — | ||
| Q1 25 | $2.26 | — | ||
| Q4 24 | $3.38 | — | ||
| Q3 24 | $2.04 | — | ||
| Q2 24 | $2.40 | — | ||
| Q1 24 | $4.53 | — |
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 | $820.3M | $215.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $6.4B | $228.6M |
| 总资产 | $34.5B | $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AXSCWH
| Q4 25 | $820.3M | $215.0M | ||
| Q3 25 | $825.9M | $230.5M | ||
| Q2 25 | $852.1M | $118.1M | ||
| Q1 25 | $2.8B | $20.9M | ||
| Q4 24 | $2.1B | $208.4M | ||
| Q3 24 | $981.0M | $28.4M | ||
| Q2 24 | $1.1B | $23.7M | ||
| Q1 24 | $1.1B | $29.7M |
总债务AXSCWH
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
股东权益AXSCWH
| Q4 25 | $6.4B | $228.6M | ||
| Q3 25 | $6.4B | $296.2M | ||
| Q2 25 | $6.2B | $340.5M | ||
| Q1 25 | $5.9B | $310.5M | ||
| Q4 24 | $6.1B | $326.6M | ||
| Q3 24 | $6.1B | $151.6M | ||
| Q2 24 | $5.7B | $149.7M | ||
| Q1 24 | $5.5B | $142.8M |
总资产AXSCWH
| Q4 25 | $34.5B | $5.0B | ||
| Q3 25 | $34.3B | $5.0B | ||
| Q2 25 | $34.2B | $5.2B | ||
| Q1 25 | $33.2B | $5.1B | ||
| Q4 24 | $32.5B | $4.9B | ||
| Q3 24 | $32.7B | $4.7B | ||
| Q2 24 | $32.1B | $5.0B | ||
| Q1 24 | $31.8B | $5.1B |
负债/权益比AXSCWH
| 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 | $630.4M | $-227.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.18× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AXSCWH
| Q4 25 | $630.4M | $-227.2M | ||
| Q3 25 | $673.8M | $139.8M | ||
| Q2 25 | $-1.7B | $187.9M | ||
| Q1 25 | $309.1M | $-232.5M | ||
| Q4 24 | $355.5M | $-163.4M | ||
| Q3 24 | $587.0M | $324.2M | ||
| Q2 24 | $518.1M | $152.3M | ||
| Q1 24 | $384.1M | $-68.0M |
现金转化率AXSCWH
| Q4 25 | 2.18× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | -7.41× | 6.22× | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 3.25× | 58.93× | ||
| Q2 24 | 2.44× | 15.59× | ||
| Q1 24 | 0.97× | — |
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
AXS
| Reinsurance | $1.4B | 82% |
| Other | $311.3M | 18% |
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% |
