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AMERICAS CARMART INC（CRMT）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AMERICAS CARMART INC的4.1倍（$1.2B vs $286.3M）。AMERICAS CARMART INC净利率更高（-7.8% vs -9.3%，领先1.5%）。AMERICAS CARMART INC同比增速更快（0.2% vs -2.6%）。过去两年AMERICAS CARMART INC的营收复合增速更高（9.1% vs -7.2%）
Americas CarMart Inc是美国专业汽车零售商，主要销售二手车，为信用记录有限或信用不佳的客户提供定制化内部融资方案，其线下门店网络集中在美国南部和中西部地区，服务购车市场中需求未被充分覆盖的消费群体。
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。
CRMT vs CWH — 直观对比
营收规模更大
CWH
是对方的4.1倍
$286.3M
营收增速更快
CRMT
高出2.8%
-2.6%
净利率更高
CRMT
高出1.5%
-9.3%
两年增速更快
CRMT
近两年复合增速
-7.2%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $286.3M | $1.2B |
| 净利润 | $-22.5M | $-109.1M |
| 毛利率 | 37.5% | 28.8% |
| 营业利润率 | -9.6% | -4.3% |
| 净利率 | -7.8% | -9.3% |
| 营收同比 | 0.2% | -2.6% |
| 净利润同比 | -540.7% | -83.3% |
| 每股收益（稀释后） | $-2.71 | — |
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CRMTCWH
| Q4 25 | $286.3M | $1.2B | ||
| Q3 25 | $276.2M | $1.8B | ||
| Q2 25 | $309.7M | $2.0B | ||
| Q1 25 | $263.5M | $1.4B | ||
| Q4 24 | $285.8M | $1.2B | ||
| Q3 24 | $287.2M | $1.7B | ||
| Q2 24 | $309.7M | $1.8B | ||
| Q1 24 | $240.4M | $1.4B |
净利润CRMTCWH
| Q4 25 | $-22.5M | $-109.1M | ||
| Q3 25 | $-5.7M | $-40.4M | ||
| Q2 25 | $10.6M | $30.2M | ||
| Q1 25 | $3.2M | $-12.3M | ||
| Q4 24 | $5.1M | $-59.5M | ||
| Q3 24 | $-964.0K | $5.5M | ||
| Q2 24 | $426.0K | $9.8M | ||
| Q1 24 | $-8.5M | $-22.3M |
毛利率CRMTCWH
| Q4 25 | 37.5% | 28.8% | ||
| Q3 25 | 36.6% | 28.6% | ||
| Q2 25 | 36.4% | 30.0% | ||
| Q1 25 | 35.7% | 30.4% | ||
| Q4 24 | 39.4% | 31.3% | ||
| Q3 24 | 35.0% | 28.9% | ||
| Q2 24 | 35.1% | 30.3% | ||
| Q1 24 | 34.2% | 29.5% |
营业利润率CRMTCWH
| Q4 25 | -9.6% | -4.3% | ||
| Q3 25 | -2.7% | 4.4% | ||
| Q2 25 | 4.0% | 6.6% | ||
| Q1 25 | 1.7% | 1.5% | ||
| Q4 24 | 2.5% | -1.3% | ||
| Q3 24 | -0.4% | 3.7% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | -4.3% | 0.3% |
净利率CRMTCWH
| Q4 25 | -7.8% | -9.3% | ||
| Q3 25 | -2.1% | -2.2% | ||
| Q2 25 | 3.4% | 1.5% | ||
| Q1 25 | 1.2% | -0.9% | ||
| Q4 24 | 1.8% | -4.9% | ||
| Q3 24 | -0.3% | 0.3% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | -3.6% | -1.6% |
每股收益（稀释后）CRMTCWH
| Q4 25 | $-2.71 | — | ||
| Q3 25 | $-0.69 | — | ||
| Q2 25 | $1.50 | — | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $0.61 | — | ||
| Q3 24 | $-0.15 | — | ||
| Q2 24 | $0.09 | — | ||
| Q1 24 | $-1.34 | — |
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 | $122.4M | $215.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $555.0M | $228.6M |
| 总资产 | $1.7B | $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CRMTCWH
| Q4 25 | $122.4M | $215.0M | ||
| Q3 25 | $9.7M | $230.5M | ||
| Q2 25 | $9.8M | $118.1M | ||
| Q1 25 | $8.5M | $20.9M | ||
| Q4 24 | $8.0M | $208.4M | ||
| Q3 24 | $4.7M | $28.4M | ||
| Q2 24 | $5.5M | $23.7M | ||
| Q1 24 | $4.2M | $29.7M |
总债务CRMTCWH
| 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CRMTCWH
| Q4 25 | $555.0M | $228.6M | ||
| Q3 25 | $564.8M | $296.2M | ||
| Q2 25 | $569.4M | $340.5M | ||
| Q1 25 | $557.8M | $310.5M | ||
| Q4 24 | $553.6M | $326.6M | ||
| Q3 24 | $471.1M | $151.6M | ||
| Q2 24 | $470.6M | $149.7M | ||
| Q1 24 | $468.9M | $142.8M |
总资产CRMTCWH
| Q4 25 | $1.7B | $5.0B | ||
| Q3 25 | $1.6B | $5.0B | ||
| Q2 25 | $1.6B | $5.2B | ||
| Q1 25 | $1.6B | $5.1B | ||
| Q4 24 | $1.6B | $4.9B | ||
| Q3 24 | $1.5B | $4.7B | ||
| Q2 24 | $1.5B | $5.0B | ||
| Q1 24 | $1.5B | $5.1B |
负债/权益比CRMTCWH
| 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 | $9.1M | $-227.2M |
| 自由现金流经营现金流 - 资本支出 | $8.3M | — |
| 自由现金流率自由现金流/营收 | 2.9% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 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 | $-11.2M | — |
8季度趋势，按日历期对齐
经营现金流CRMTCWH
| Q4 25 | $9.1M | $-227.2M | ||
| Q3 25 | $-5.9M | $139.8M | ||
| Q2 25 | $19.2M | $187.9M | ||
| Q1 25 | $-30.8M | $-232.5M | ||
| Q4 24 | $-22.2M | $-163.4M | ||
| Q3 24 | $-15.0M | $324.2M | ||
| Q2 24 | $-10.7M | $152.3M | ||
| Q1 24 | $13.0M | $-68.0M |
自由现金流CRMTCWH
| Q4 25 | $8.3M | — | ||
| Q3 25 | $-6.4M | — | ||
| Q2 25 | $18.4M | — | ||
| Q1 25 | $-31.5M | — | ||
| Q4 24 | $-23.6M | — | ||
| Q3 24 | $-16.0M | — | ||
| Q2 24 | $-12.0M | — | ||
| Q1 24 | $10.2M | — |
自由现金流率CRMTCWH
| Q4 25 | 2.9% | — | ||
| Q3 25 | -2.3% | — | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | -12.0% | — | ||
| Q4 24 | -8.3% | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | -3.9% | — | ||
| Q1 24 | 4.3% | — |
资本支出强度CRMTCWH
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 1.1% | — |
现金转化率CRMTCWH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.81× | 6.22× | ||
| Q1 25 | -9.73× | — | ||
| Q4 24 | -4.36× | — | ||
| Q3 24 | — | 58.93× | ||
| Q2 24 | -25.18× | 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
CRMT
| Sales Used Autos | $241.4M | 84% |
| Service Contract Sales | $23.6M | 8% |
| Wholesales Third Party | $12.6M | 4% |
| Payment Protection Plan Revenue | $8.7M | 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% |
