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Camping World Holdings, Inc.（CWH）与Digital Realty（DLR）财务数据对比。点击上方公司名可切换其他公司
Digital Realty的季度营收约是Camping World Holdings, Inc.的1.4倍（$1.6B vs $1.2B），Digital Realty净利率更高（6.0% vs -9.3%，领先15.3%），Digital Realty同比增速更快（16.1% vs -2.6%），过去两年Digital Realty的营收复合增速更高（9.8% vs -7.2%）
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。
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
CWH vs DLR — 直观对比
营收规模更大
DLR
是对方的1.4倍
$1.2B
营收增速更快
DLR
高出18.7%
-2.6%
净利率更高
DLR
高出15.3%
-9.3%
两年增速更快
DLR
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.6B |
| 净利润 | $-109.1M | $98.6M |
| 毛利率 | 28.8% | — |
| 营业利润率 | -4.3% | 6.9% |
| 净利率 | -9.3% | 6.0% |
| 营收同比 | -2.6% | 16.1% |
| 净利润同比 | -83.3% | -10.3% |
| 每股收益（稀释后） | — | $0.22 |
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CWHDLR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.8B | $1.4B |
净利润CWHDLR
| Q1 26 | — | $98.6M | ||
| Q4 25 | $-109.1M | $98.6M | ||
| Q3 25 | $-40.4M | $67.8M | ||
| Q2 25 | $30.2M | $1.0B | ||
| Q1 25 | $-12.3M | $110.0M | ||
| Q4 24 | $-59.5M | $189.6M | ||
| Q3 24 | $5.5M | $51.2M | ||
| Q2 24 | $9.8M | $80.2M |
毛利率CWHDLR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CWHDLR
| Q1 26 | — | 6.9% | ||
| Q4 25 | -4.3% | 6.9% | ||
| Q3 25 | 4.4% | 8.8% | ||
| Q2 25 | 6.6% | 14.2% | ||
| Q1 25 | 1.5% | 13.9% | ||
| Q4 24 | -1.3% | 10.1% | ||
| Q3 24 | 3.7% | 11.8% | ||
| Q2 24 | 5.3% | 0.7% |
净利率CWHDLR
| Q1 26 | — | 6.0% | ||
| Q4 25 | -9.3% | 6.0% | ||
| Q3 25 | -2.2% | 4.3% | ||
| Q2 25 | 1.5% | 69.1% | ||
| Q1 25 | -0.9% | 7.8% | ||
| Q4 24 | -4.9% | 13.2% | ||
| Q3 24 | 0.3% | 3.6% | ||
| Q2 24 | 0.5% | 5.9% |
每股收益（稀释后）CWHDLR
| Q1 26 | — | $0.22 | ||
| Q4 25 | — | $0.22 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $2.94 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.09 | ||
| Q2 24 | — | $0.20 |
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 | $3.5B |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $228.6M | $22.9B |
| 总资产 | $5.0B | $49.4B |
| 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CWHDLR
| Q1 26 | — | $3.5B | ||
| Q4 25 | $215.0M | $3.5B | ||
| Q3 25 | $230.5M | $3.3B | ||
| Q2 25 | $118.1M | $3.6B | ||
| Q1 25 | $20.9M | $2.3B | ||
| Q4 24 | $208.4M | $3.9B | ||
| Q3 24 | $28.4M | $2.2B | ||
| Q2 24 | $23.7M | $2.3B |
总债务CWHDLR
| Q1 26 | — | — | ||
| 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 | — |
股东权益CWHDLR
| Q1 26 | — | $22.9B | ||
| Q4 25 | $228.6M | $22.9B | ||
| Q3 25 | $296.2M | $23.0B | ||
| Q2 25 | $340.5M | $22.9B | ||
| Q1 25 | $310.5M | $21.3B | ||
| Q4 24 | $326.6M | $21.3B | ||
| Q3 24 | $151.6M | $21.2B | ||
| Q2 24 | $149.7M | $20.5B |
总资产CWHDLR
| Q1 26 | — | $49.4B | ||
| Q4 25 | $5.0B | $49.4B | ||
| Q3 25 | $5.0B | $48.7B | ||
| Q2 25 | $5.2B | $48.7B | ||
| Q1 25 | $5.1B | $45.1B | ||
| Q4 24 | $4.9B | $45.3B | ||
| Q3 24 | $4.7B | $45.3B | ||
| Q2 24 | $5.0B | $43.6B |
负债/权益比CWHDLR
| Q1 26 | — | — | ||
| 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× | — |
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 | $-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 | — | — |
| 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CWHDLR
| Q1 26 | — | — | ||
| Q4 25 | $-227.2M | $719.0M | ||
| Q3 25 | $139.8M | $652.9M | ||
| Q2 25 | $187.9M | $641.2M | ||
| Q1 25 | $-232.5M | $399.1M | ||
| Q4 24 | $-163.4M | $769.5M | ||
| Q3 24 | $324.2M | $566.5M | ||
| Q2 24 | $152.3M | $573.2M |
现金转化率CWHDLR
| Q1 26 | — | — | ||
| Q4 25 | — | 7.29× | ||
| Q3 25 | — | 9.63× | ||
| Q2 25 | 6.22× | 0.62× | ||
| Q1 25 | — | 3.63× | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | 58.93× | 11.07× | ||
| Q2 24 | 15.59× | 7.15× |
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
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% |
DLR
暂无分部数据
