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科睿唯安（CLVT）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.的季度营收约是科睿唯安的2.0倍（$1.2B vs $585.5M），科睿唯安净利率更高（-6.9% vs -9.3%，领先2.4%），科睿唯安同比增速更快（-1.4% vs -2.6%），过去两年科睿唯安的营收复合增速更高（-5.1% vs -7.2%）
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
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。
CLVT vs CWH — 直观对比
营收规模更大
CWH
是对方的2.0倍
$585.5M
营收增速更快
CLVT
高出1.2%
-2.6%
净利率更高
CLVT
高出2.4%
-9.3%
两年增速更快
CLVT
近两年复合增速
-7.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $1.2B |
| 净利润 | $-40.2M | $-109.1M |
| 毛利率 | 67.2% | 28.8% |
| 营业利润率 | 5.2% | -4.3% |
| 净利率 | -6.9% | -9.3% |
| 营收同比 | -1.4% | -2.6% |
| 净利润同比 | 61.3% | -83.3% |
| 每股收益（稀释后） | $-0.06 | — |
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CLVTCWH
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $1.2B | ||
| Q3 25 | $623.1M | $1.8B | ||
| Q2 25 | $621.4M | $2.0B | ||
| Q1 25 | $593.7M | $1.4B | ||
| Q4 24 | $663.0M | $1.2B | ||
| Q3 24 | $622.2M | $1.7B | ||
| Q2 24 | $650.3M | $1.8B |
净利润CLVTCWH
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | $-109.1M | ||
| Q3 25 | $-28.3M | $-40.4M | ||
| Q2 25 | $-72.0M | $30.2M | ||
| Q1 25 | $-103.9M | $-12.3M | ||
| Q4 24 | $-191.8M | $-59.5M | ||
| Q3 24 | $-65.6M | $5.5M | ||
| Q2 24 | $-304.3M | $9.8M |
毛利率CLVTCWH
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | 28.8% | ||
| Q3 25 | 65.0% | 28.6% | ||
| Q2 25 | 67.2% | 30.0% | ||
| Q1 25 | 65.1% | 30.4% | ||
| Q4 24 | 65.7% | 31.3% | ||
| Q3 24 | 66.2% | 28.9% | ||
| Q2 24 | 67.2% | 30.3% |
营业利润率CLVTCWH
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | -4.3% | ||
| Q3 25 | 7.1% | 4.4% | ||
| Q2 25 | 1.1% | 6.6% | ||
| Q1 25 | -3.5% | 1.5% | ||
| Q4 24 | -9.4% | -1.3% | ||
| Q3 24 | 3.5% | 3.7% | ||
| Q2 24 | -36.9% | 5.3% |
净利率CLVTCWH
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | -9.3% | ||
| Q3 25 | -4.5% | -2.2% | ||
| Q2 25 | -11.6% | 1.5% | ||
| Q1 25 | -17.5% | -0.9% | ||
| Q4 24 | -28.9% | -4.9% | ||
| Q3 24 | -10.5% | 0.3% | ||
| Q2 24 | -46.8% | 0.5% |
每股收益（稀释后）CLVTCWH
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.11 | — | ||
| Q1 25 | $-0.15 | — | ||
| Q4 24 | $-0.27 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.46 | — |
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 | — | $215.0M |
| 总债务越低越好 | $4.3B | $1.5B |
| 股东权益账面价值 | $4.8B | $228.6M |
| 总资产 | $10.9B | $5.0B |
| 负债/权益比越低杠杆越低 | 0.89× | 6.44× |
8季度趋势，按日历期对齐
现金及短期投资CLVTCWH
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | $215.0M | ||
| Q3 25 | $318.7M | $230.5M | ||
| Q2 25 | $362.6M | $118.1M | ||
| Q1 25 | $354.0M | $20.9M | ||
| Q4 24 | $295.2M | $208.4M | ||
| Q3 24 | $388.5M | $28.4M | ||
| Q2 24 | $376.4M | $23.7M |
总债务CLVTCWH
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $1.5B | ||
| Q3 25 | $4.4B | $1.5B | ||
| Q2 25 | $4.5B | $1.5B | ||
| Q1 25 | $4.5B | $1.5B | ||
| Q4 24 | $4.5B | $1.5B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $4.6B | $1.5B |
股东权益CLVTCWH
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | $228.6M | ||
| Q3 25 | $4.9B | $296.2M | ||
| Q2 25 | $5.0B | $340.5M | ||
| Q1 25 | $5.0B | $310.5M | ||
| Q4 24 | $5.1B | $326.6M | ||
| Q3 24 | $5.5B | $151.6M | ||
| Q2 24 | $5.6B | $149.7M |
总资产CLVTCWH
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $5.0B | ||
| Q3 25 | $11.2B | $5.0B | ||
| Q2 25 | $11.4B | $5.2B | ||
| Q1 25 | $11.5B | $5.1B | ||
| Q4 24 | $11.5B | $4.9B | ||
| Q3 24 | $12.0B | $4.7B | ||
| Q2 24 | $12.1B | $5.0B |
负债/权益比CLVTCWH
| Q1 26 | 0.89× | — | ||
| Q4 25 | 0.89× | 6.44× | ||
| Q3 25 | 0.90× | 5.00× | ||
| Q2 25 | 0.90× | 4.42× | ||
| Q1 25 | 0.90× | 4.87× | ||
| Q4 24 | 0.88× | 4.64× | ||
| Q3 24 | 0.84× | 10.09× | ||
| Q2 24 | 0.83× | 10.28× |
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 | $134.7M | $-227.2M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | — |
| 自由现金流率自由现金流/营收 | 13.5% | — |
| 资本支出强度资本支出/营收 | 9.5% | — |
| 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 | $333.9M | — |
8季度趋势，按日历期对齐
经营现金流CLVTCWH
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $-227.2M | ||
| Q3 25 | $181.1M | $139.8M | ||
| Q2 25 | $116.3M | $187.9M | ||
| Q1 25 | $171.2M | $-232.5M | ||
| Q4 24 | $141.3M | $-163.4M | ||
| Q3 24 | $202.9M | $324.2M | ||
| Q2 24 | $126.2M | $152.3M |
自由现金流CLVTCWH
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | — | ||
| Q3 25 | $115.5M | — | ||
| Q2 25 | $50.3M | — | ||
| Q1 25 | $110.3M | — | ||
| Q4 24 | $59.1M | — | ||
| Q3 24 | $126.3M | — | ||
| Q2 24 | $60.3M | — |
自由现金流率CLVTCWH
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 9.3% | — |
资本支出强度CLVTCWH
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 10.1% | — |
现金转化率CLVTCWH
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 58.93× | ||
| Q2 24 | — | 15.59× |
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
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
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% |
