vs
CoStar Group（CSGP）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CoStar Group的1.3倍（$1.2B vs $899.9M），CoStar Group净利率更高（5.2% vs -9.3%，领先14.5%），CoStar Group同比增速更快（26.9% vs -2.6%），过去两年CoStar Group的营收复合增速更高（17.1% vs -7.2%）
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
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。
CSGP vs CWH — 直观对比
营收规模更大
CWH
是对方的1.3倍
$899.9M
营收增速更快
CSGP
高出29.4%
-2.6%
净利率更高
CSGP
高出14.5%
-9.3%
两年增速更快
CSGP
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.2B |
| 净利润 | $46.5M | $-109.1M |
| 毛利率 | 78.6% | 28.8% |
| 营业利润率 | 5.5% | -4.3% |
| 净利率 | 5.2% | -9.3% |
| 营收同比 | 26.9% | -2.6% |
| 净利润同比 | -22.2% | -83.3% |
| 每股收益（稀释后） | $0.12 | — |
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CSGPCWH
| Q4 25 | $899.9M | $1.2B | ||
| Q3 25 | $833.6M | $1.8B | ||
| Q2 25 | $781.3M | $2.0B | ||
| Q1 25 | $732.2M | $1.4B | ||
| Q4 24 | $709.4M | $1.2B | ||
| Q3 24 | $692.6M | $1.7B | ||
| Q2 24 | $677.8M | $1.8B | ||
| Q1 24 | $656.4M | $1.4B |
净利润CSGPCWH
| Q4 25 | $46.5M | $-109.1M | ||
| Q3 25 | $-30.9M | $-40.4M | ||
| Q2 25 | $6.2M | $30.2M | ||
| Q1 25 | $-14.8M | $-12.3M | ||
| Q4 24 | $59.8M | $-59.5M | ||
| Q3 24 | $53.0M | $5.5M | ||
| Q2 24 | $19.2M | $9.8M | ||
| Q1 24 | $6.7M | $-22.3M |
毛利率CSGPCWH
| Q4 25 | 78.6% | 28.8% | ||
| Q3 25 | 79.3% | 28.6% | ||
| Q2 25 | 78.5% | 30.0% | ||
| Q1 25 | 79.1% | 30.4% | ||
| Q4 24 | 80.1% | 31.3% | ||
| Q3 24 | 79.7% | 28.9% | ||
| Q2 24 | 80.0% | 30.3% | ||
| Q1 24 | 78.5% | 29.5% |
营业利润率CSGPCWH
| Q4 25 | 5.5% | -4.3% | ||
| Q3 25 | -6.1% | 4.4% | ||
| Q2 25 | -3.5% | 6.6% | ||
| Q1 25 | -5.8% | 1.5% | ||
| Q4 24 | 5.6% | -1.3% | ||
| Q3 24 | 3.4% | 3.7% | ||
| Q2 24 | -2.4% | 5.3% | ||
| Q1 24 | -6.5% | 0.3% |
净利率CSGPCWH
| Q4 25 | 5.2% | -9.3% | ||
| Q3 25 | -3.7% | -2.2% | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | -2.0% | -0.9% | ||
| Q4 24 | 8.4% | -4.9% | ||
| Q3 24 | 7.7% | 0.3% | ||
| Q2 24 | 2.8% | 0.5% | ||
| Q1 24 | 1.0% | -1.6% |
每股收益（稀释后）CSGPCWH
| Q4 25 | $0.12 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $0.02 | — |
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 | $1.6B | $215.0M |
| 总债务越低越好 | $140.0M | $1.5B |
| 股东权益账面价值 | $8.3B | $228.6M |
| 总资产 | $10.5B | $5.0B |
| 负债/权益比越低杠杆越低 | 0.02× | 6.44× |
8季度趋势，按日历期对齐
现金及短期投资CSGPCWH
| Q4 25 | $1.6B | $215.0M | ||
| Q3 25 | $1.9B | $230.5M | ||
| Q2 25 | $3.6B | $118.1M | ||
| Q1 25 | $3.7B | $20.9M | ||
| Q4 24 | $4.7B | $208.4M | ||
| Q3 24 | — | $28.4M | ||
| Q2 24 | — | $23.7M | ||
| Q1 24 | — | $29.7M |
总债务CSGPCWH
| Q4 25 | $140.0M | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $1.0B | $1.6B |
股东权益CSGPCWH
| Q4 25 | $8.3B | $228.6M | ||
| Q3 25 | $8.6B | $296.2M | ||
| Q2 25 | $8.6B | $340.5M | ||
| Q1 25 | $8.6B | $310.5M | ||
| Q4 24 | $7.6B | $326.6M | ||
| Q3 24 | $7.5B | $151.6M | ||
| Q2 24 | $7.4B | $149.7M | ||
| Q1 24 | $7.3B | $142.8M |
总资产CSGPCWH
| Q4 25 | $10.5B | $5.0B | ||
| Q3 25 | $10.8B | $5.0B | ||
| Q2 25 | $10.5B | $5.2B | ||
| Q1 25 | $10.4B | $5.1B | ||
| Q4 24 | $9.3B | $4.9B | ||
| Q3 24 | $9.1B | $4.7B | ||
| Q2 24 | $9.1B | $5.0B | ||
| Q1 24 | $9.0B | $5.1B |
负债/权益比CSGPCWH
| Q4 25 | 0.02× | 6.44× | ||
| Q3 25 | 0.12× | 5.00× | ||
| Q2 25 | 0.12× | 4.42× | ||
| Q1 25 | 0.12× | 4.87× | ||
| Q4 24 | 0.13× | 4.64× | ||
| Q3 24 | 0.13× | 10.09× | ||
| Q2 24 | 0.14× | 10.28× | ||
| Q1 24 | 0.14× | 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 | $162.1M | $-227.2M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 现金转化率经营现金流/净利润 | 3.49× | — |
| 过去12个月自由现金流最近4个季度 | $123.0M | — |
8季度趋势，按日历期对齐
经营现金流CSGPCWH
| Q4 25 | $162.1M | $-227.2M | ||
| Q3 25 | $68.2M | $139.8M | ||
| Q2 25 | $146.5M | $187.9M | ||
| Q1 25 | $53.2M | $-232.5M | ||
| Q4 24 | $94.6M | $-163.4M | ||
| Q3 24 | $100.3M | $324.2M | ||
| Q2 24 | $58.1M | $152.3M | ||
| Q1 24 | $139.6M | $-68.0M |
自由现金流CSGPCWH
| Q4 25 | $101.3M | — | ||
| Q3 25 | $-5.5M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $-500.0K | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $40.2M | — | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $-237.1M | — |
自由现金流率CSGPCWH
| Q4 25 | 11.3% | — | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | -2.2% | — | ||
| Q1 24 | -36.1% | — |
资本支出强度CSGPCWH
| Q4 25 | 6.8% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 57.4% | — |
现金转化率CSGPCWH
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | 6.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | 58.93× | ||
| Q2 24 | 3.03× | 15.59× | ||
| Q1 24 | 20.84× | — |
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
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
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% |
