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Camping World Holdings, Inc.（CWH）与Equifax（EFX）财务数据对比。点击上方公司名可切换其他公司
Equifax的季度营收约是Camping World Holdings, Inc.的1.4倍（$1.6B vs $1.2B），Equifax净利率更高（10.4% vs -9.3%，领先19.7%），Equifax同比增速更快（697.0% vs -2.6%），过去两年Equifax的营收复合增速更高（7.4% 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。
Equifax是总部位于美国佐治亚州亚特兰大的跨国消费信用报告机构，与益博睿、环联并称全球三大消费信用报告机构，在全球范围内收集汇总了超过8亿名个人消费者及8800万家企业的相关信息。
CWH vs EFX — 直观对比
营收规模更大
EFX
是对方的1.4倍
$1.2B
营收增速更快
EFX
高出699.5%
-2.6%
净利率更高
EFX
高出19.7%
-9.3%
两年增速更快
EFX
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.6B |
| 净利润 | $-109.1M | $171.5M |
| 毛利率 | 28.8% | — |
| 营业利润率 | -4.3% | 17.4% |
| 净利率 | -9.3% | 10.4% |
| 营收同比 | -2.6% | 697.0% |
| 净利润同比 | -83.3% | 28.9% |
| 每股收益（稀释后） | — | $120.80 |
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CWHEFX
| Q2 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.8B | $1.5B | ||
| 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CWHEFX
| Q2 26 | — | $171.5M | ||
| Q4 25 | $-109.1M | $175.7M | ||
| Q3 25 | $-40.4M | $160.2M | ||
| Q2 25 | $30.2M | $191.3M | ||
| Q1 25 | $-12.3M | $133.1M | ||
| Q4 24 | $-59.5M | $174.0M | ||
| Q3 24 | $5.5M | $141.3M | ||
| Q2 24 | $9.8M | $163.9M |
毛利率CWHEFX
| Q2 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CWHEFX
| Q2 26 | — | 17.4% | ||
| Q4 25 | -4.3% | 18.3% | ||
| Q3 25 | 4.4% | 17.1% | ||
| Q2 25 | 6.6% | 20.2% | ||
| Q1 25 | 1.5% | 16.4% | ||
| Q4 24 | -1.3% | 20.3% | ||
| Q3 24 | 3.7% | 17.1% | ||
| Q2 24 | 5.3% | 19.7% |
净利率CWHEFX
| Q2 26 | — | 10.4% | ||
| Q4 25 | -9.3% | 11.3% | ||
| Q3 25 | -2.2% | 10.4% | ||
| Q2 25 | 1.5% | 12.4% | ||
| Q1 25 | -0.9% | 9.2% | ||
| Q4 24 | -4.9% | 12.3% | ||
| Q3 24 | 0.3% | 9.8% | ||
| Q2 24 | 0.5% | 11.5% |
每股收益（稀释后）CWHEFX
| Q2 26 | — | $120.80 | ||
| Q4 25 | — | $1.44 | ||
| Q3 25 | — | $1.29 | ||
| Q2 25 | — | $1.53 | ||
| Q1 25 | — | $1.06 | ||
| Q4 24 | — | $1.40 | ||
| Q3 24 | — | $1.13 | ||
| Q2 24 | — | $1.31 |
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 | $183.4M |
| 总债务越低越好 | $1.5B | $5.3B |
| 股东权益账面价值 | $228.6M | $4.6B |
| 总资产 | $5.0B | $11.9B |
| 负债/权益比越低杠杆越低 | 6.44× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资CWHEFX
| Q2 26 | — | $183.4M | ||
| Q4 25 | $215.0M | $180.8M | ||
| Q3 25 | $230.5M | $189.0M | ||
| Q2 25 | $118.1M | $189.0M | ||
| Q1 25 | $20.9M | $195.2M | ||
| Q4 24 | $208.4M | $169.9M | ||
| Q3 24 | $28.4M | $468.2M | ||
| Q2 24 | $23.7M | $181.9M |
总债务CWHEFX
| Q2 26 | — | $5.3B | ||
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $5.0B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益CWHEFX
| Q2 26 | — | $4.6B | ||
| Q4 25 | $228.6M | $4.6B | ||
| Q3 25 | $296.2M | $4.9B | ||
| Q2 25 | $340.5M | $5.1B | ||
| Q1 25 | $310.5M | $5.0B | ||
| Q4 24 | $326.6M | $4.8B | ||
| Q3 24 | $151.6M | $4.9B | ||
| Q2 24 | $149.7M | $4.7B |
总资产CWHEFX
| Q2 26 | — | $11.9B | ||
| Q4 25 | $5.0B | $11.9B | ||
| Q3 25 | $5.0B | $11.8B | ||
| Q2 25 | $5.2B | $11.9B | ||
| Q1 25 | $5.1B | $11.9B | ||
| Q4 24 | $4.9B | $11.8B | ||
| Q3 24 | $4.7B | $12.3B | ||
| Q2 24 | $5.0B | $12.2B |
负债/权益比CWHEFX
| Q2 26 | — | 1.16× | ||
| Q4 25 | 6.44× | 1.11× | ||
| Q3 25 | 5.00× | — | ||
| Q2 25 | 4.42× | — | ||
| Q1 25 | 4.87× | — | ||
| Q4 24 | 4.64× | 1.05× | ||
| 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 | — | 7.3% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CWHEFX
| Q2 26 | — | — | ||
| Q4 25 | $-227.2M | $470.8M | ||
| Q3 25 | $139.8M | $559.9M | ||
| Q2 25 | $187.9M | $361.1M | ||
| Q1 25 | $-232.5M | $223.9M | ||
| Q4 24 | $-163.4M | $324.8M | ||
| Q3 24 | $324.2M | $479.5M | ||
| Q2 24 | $152.3M | $267.5M |
自由现金流CWHEFX
| Q2 26 | — | — | ||
| Q4 25 | — | $340.8M | ||
| Q3 25 | — | $437.9M | ||
| Q2 25 | — | $238.9M | ||
| Q1 25 | — | $116.7M | ||
| Q4 24 | — | $205.9M | ||
| Q3 24 | — | $355.5M | ||
| Q2 24 | — | $130.8M |
自由现金流率CWHEFX
| Q2 26 | — | — | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 8.1% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 9.1% |
资本支出强度CWHEFX
| Q2 26 | — | 7.3% | ||
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.6% |
现金转化率CWHEFX
| Q2 26 | — | — | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | — | 3.50× | ||
| Q2 25 | 6.22× | 1.89× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | 58.93× | 3.39× | ||
| Q2 24 | 15.59× | 1.63× |
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% |
EFX
| Verification Services | $571.4M | 35% |
| Online Information Solutions | $448.1M | 27% |
| Other | $381.5M | 23% |
| Employer Services | $116.4M | 7% |
| Asia Pacific | $79.7M | 5% |
| Financial Marketing Services | $51.8M | 3% |
