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Camping World Holdings, Inc.（CWH）与Healthpeak Properties（DOC）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Healthpeak Properties的1.6倍（$1.2B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs -9.3%，领先82.5%），Healthpeak Properties同比增速更快（3.1% vs -2.6%），过去两年Healthpeak Properties的营收复合增速更高（8.9% 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。
Healthpeak Properties是美国医疗地产领域的房地产投资信托基金，核心投资范畴覆盖老年住宅、生命科学相关物业及医疗办公楼三类资产。公司2007年于马里兰州组建，总部设在科罗拉多州丹佛市，在尔湾、纳什维尔、旧金山均设有办事处，截至2019年12月31日共持有617处物业的权益。
CWH vs DOC — 直观对比
营收规模更大
CWH
是对方的1.6倍
$719.4M
营收增速更快
DOC
高出5.6%
-2.6%
净利率更高
DOC
高出82.5%
-9.3%
两年增速更快
DOC
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $719.4M |
| 净利润 | $-109.1M | $114.0M |
| 毛利率 | 28.8% | — |
| 营业利润率 | -4.3% | 17.4% |
| 净利率 | -9.3% | 73.2% |
| 营收同比 | -2.6% | 3.1% |
| 净利润同比 | -83.3% | 2406.4% |
| 每股收益（稀释后） | — | $0.16 |
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CWHDOC
| Q4 25 | $1.2B | $719.4M | ||
| Q3 25 | $1.8B | $705.9M | ||
| Q2 25 | $2.0B | $694.3M | ||
| Q1 25 | $1.4B | $702.9M | ||
| Q4 24 | $1.2B | $698.0M | ||
| Q3 24 | $1.7B | $700.4M | ||
| Q2 24 | $1.8B | $695.5M | ||
| Q1 24 | $1.4B | $606.6M |
净利润CWHDOC
| Q4 25 | $-109.1M | $114.0M | ||
| Q3 25 | $-40.4M | $-117.1M | ||
| Q2 25 | $30.2M | $31.7M | ||
| Q1 25 | $-12.3M | $42.8M | ||
| Q4 24 | $-59.5M | $4.5M | ||
| Q3 24 | $5.5M | $85.9M | ||
| Q2 24 | $9.8M | $146.0M | ||
| Q1 24 | $-22.3M | $6.7M |
毛利率CWHDOC
| Q4 25 | 28.8% | — | ||
| Q3 25 | 28.6% | 58.6% | ||
| Q2 25 | 30.0% | 60.2% | ||
| Q1 25 | 30.4% | 61.1% | ||
| Q4 24 | 31.3% | 60.3% | ||
| Q3 24 | 28.9% | 60.0% | ||
| Q2 24 | 30.3% | 60.6% | ||
| Q1 24 | 29.5% | 59.8% |
营业利润率CWHDOC
| Q4 25 | -4.3% | 17.4% | ||
| Q3 25 | 4.4% | 9.2% | ||
| Q2 25 | 6.6% | 5.7% | ||
| Q1 25 | 1.5% | 7.7% | ||
| Q4 24 | -1.3% | -2.2% | ||
| Q3 24 | 3.7% | 14.1% | ||
| Q2 24 | 5.3% | 22.3% | ||
| Q1 24 | 0.3% | 3.7% |
净利率CWHDOC
| Q4 25 | -9.3% | 73.2% | ||
| Q3 25 | -2.2% | -16.6% | ||
| Q2 25 | 1.5% | 4.6% | ||
| Q1 25 | -0.9% | 6.1% | ||
| Q4 24 | -4.9% | 0.7% | ||
| Q3 24 | 0.3% | 12.3% | ||
| Q2 24 | 0.5% | 21.0% | ||
| Q1 24 | -1.6% | 1.1% |
每股收益（稀释后）CWHDOC
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $-0.17 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.02 | ||
| Q3 24 | — | $0.12 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $0.01 |
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 | $467.5M |
| 总债务越低越好 | $1.5B | $9.8B |
| 股东权益账面价值 | $228.6M | $7.5B |
| 总资产 | $5.0B | $20.3B |
| 负债/权益比越低杠杆越低 | 6.44× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资CWHDOC
| Q4 25 | $215.0M | $467.5M | ||
| Q3 25 | $230.5M | $91.0M | ||
| Q2 25 | $118.1M | $89.4M | ||
| Q1 25 | $20.9M | $70.6M | ||
| Q4 24 | $208.4M | $119.8M | ||
| Q3 24 | $28.4M | $180.4M | ||
| Q2 24 | $23.7M | $106.9M | ||
| Q1 24 | $29.7M | $101.8M |
总债务CWHDOC
| Q4 25 | $1.5B | $9.8B | ||
| Q3 25 | $1.5B | $9.1B | ||
| Q2 25 | $1.5B | $9.0B | ||
| Q1 25 | $1.5B | $8.9B | ||
| Q4 24 | $1.5B | $8.7B | ||
| Q3 24 | $1.5B | $8.6B | ||
| Q2 24 | $1.5B | $8.6B | ||
| Q1 24 | $1.6B | $8.8B |
股东权益CWHDOC
| Q4 25 | $228.6M | $7.5B | ||
| Q3 25 | $296.2M | $7.6B | ||
| Q2 25 | $340.5M | $7.9B | ||
| Q1 25 | $310.5M | $8.2B | ||
| Q4 24 | $326.6M | $8.4B | ||
| Q3 24 | $151.6M | $8.6B | ||
| Q2 24 | $149.7M | $8.8B | ||
| Q1 24 | $142.8M | $8.9B |
总资产CWHDOC
| Q4 25 | $5.0B | $20.3B | ||
| Q3 25 | $5.0B | $19.6B | ||
| Q2 25 | $5.2B | $19.8B | ||
| Q1 25 | $5.1B | $19.8B | ||
| Q4 24 | $4.9B | $19.9B | ||
| Q3 24 | $4.7B | $20.0B | ||
| Q2 24 | $5.0B | $20.2B | ||
| Q1 24 | $5.1B | $20.5B |
负债/权益比CWHDOC
| Q4 25 | 6.44× | 1.31× | ||
| Q3 25 | 5.00× | 1.20× | ||
| Q2 25 | 4.42× | 1.14× | ||
| Q1 25 | 4.87× | 1.08× | ||
| Q4 24 | 4.64× | 1.04× | ||
| Q3 24 | 10.09× | 1.00× | ||
| Q2 24 | 10.28× | 0.98× | ||
| Q1 24 | 11.00× | 0.99× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $357.0M |
| 自由现金流率自由现金流/营收 | — | 49.6% |
| 资本支出强度资本支出/营收 | — | 124.4% |
| 现金转化率经营现金流/净利润 | — | 10.99× |
| 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CWHDOC
| Q4 25 | $-227.2M | $1.3B | ||
| Q3 25 | $139.8M | $315.0M | ||
| Q2 25 | $187.9M | $363.5M | ||
| Q1 25 | $-232.5M | $279.4M | ||
| Q4 24 | $-163.4M | $1.1B | ||
| Q3 24 | $324.2M | $318.2M | ||
| Q2 24 | $152.3M | $316.2M | ||
| Q1 24 | $-68.0M | $152.6M |
自由现金流CWHDOC
| Q4 25 | — | $357.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $333.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率CWHDOC
| Q4 25 | — | 49.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度CWHDOC
| Q4 25 | — | 124.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 105.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率CWHDOC
| Q4 25 | — | 10.99× | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.22× | 11.48× | ||
| Q1 25 | — | 6.52× | ||
| Q4 24 | — | 235.43× | ||
| Q3 24 | 58.93× | 3.71× | ||
| Q2 24 | 15.59× | 2.17× | ||
| Q1 24 | — | 22.85× |
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% |
DOC
暂无分部数据
