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Camping World Holdings, Inc.（CWH）与GROUP 1 AUTOMOTIVE INC（GPI）财务数据对比。点击上方公司名可切换其他公司
GROUP 1 AUTOMOTIVE INC的季度营收约是Camping World Holdings, Inc.的4.8倍（$5.6B vs $1.2B）。GROUP 1 AUTOMOTIVE INC净利率更高（0.8% vs -9.3%，领先10.1%）。GROUP 1 AUTOMOTIVE INC同比增速更快（0.6% vs -2.6%）。过去两年GROUP 1 AUTOMOTIVE INC的营收复合增速更高（11.7% 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。
Group 1 Automotive Inc是《财富》300强跨国汽车零售商，在美国及英国设有汽车经销门店与碰撞维修中心，业务涵盖新旧乘用车、轻型卡车销售，配套金融服务办理、车辆维保及汽车零配件销售，截至2024年全球员工规模超2万人。
CWH vs GPI — 直观对比
营收规模更大
GPI
是对方的4.8倍
$1.2B
营收增速更快
GPI
高出3.2%
-2.6%
净利率更高
GPI
高出10.1%
-9.3%
两年增速更快
GPI
近两年复合增速
-7.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $5.6B |
| 净利润 | $-109.1M | $43.6M |
| 毛利率 | 28.8% | 15.7% |
| 营业利润率 | -4.3% | 2.5% |
| 净利率 | -9.3% | 0.8% |
| 营收同比 | -2.6% | 0.6% |
| 净利润同比 | -83.3% | -54.0% |
| 每股收益（稀释后） | — | $3.75 |
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CWHGPI
| Q4 25 | $1.2B | $5.6B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $2.0B | $5.7B | ||
| Q1 25 | $1.4B | $5.5B | ||
| Q4 24 | $1.2B | $5.5B | ||
| Q3 24 | $1.7B | $5.2B | ||
| Q2 24 | $1.8B | $4.7B | ||
| Q1 24 | $1.4B | $4.5B |
净利润CWHGPI
| Q4 25 | $-109.1M | $43.6M | ||
| Q3 25 | $-40.4M | $13.0M | ||
| Q2 25 | $30.2M | $140.5M | ||
| Q1 25 | $-12.3M | $128.1M | ||
| Q4 24 | $-59.5M | $94.7M | ||
| Q3 24 | $5.5M | $117.3M | ||
| Q2 24 | $9.8M | $138.2M | ||
| Q1 24 | $-22.3M | $147.9M |
毛利率CWHGPI
| Q4 25 | 28.8% | 15.7% | ||
| Q3 25 | 28.6% | 15.9% | ||
| Q2 25 | 30.0% | 16.4% | ||
| Q1 25 | 30.4% | 16.2% | ||
| Q4 24 | 31.3% | 15.9% | ||
| Q3 24 | 28.9% | 16.3% | ||
| Q2 24 | 30.3% | 16.3% | ||
| Q1 24 | 29.5% | 16.6% |
营业利润率CWHGPI
| Q4 25 | -4.3% | 2.5% | ||
| Q3 25 | 4.4% | 1.9% | ||
| Q2 25 | 6.6% | 4.4% | ||
| Q1 25 | 1.5% | 4.2% | ||
| Q4 24 | -1.3% | 3.5% | ||
| Q3 24 | 3.7% | 4.4% | ||
| Q2 24 | 5.3% | 5.1% | ||
| Q1 24 | 0.3% | 5.4% |
净利率CWHGPI
| Q4 25 | -9.3% | 0.8% | ||
| Q3 25 | -2.2% | 0.2% | ||
| Q2 25 | 1.5% | 2.5% | ||
| Q1 25 | -0.9% | 2.3% | ||
| Q4 24 | -4.9% | 1.7% | ||
| Q3 24 | 0.3% | 2.2% | ||
| Q2 24 | 0.5% | 2.9% | ||
| Q1 24 | -1.6% | 3.3% |
每股收益（稀释后）CWHGPI
| Q4 25 | — | $3.75 | ||
| Q3 25 | — | $1.00 | ||
| Q2 25 | — | $10.82 | ||
| Q1 25 | — | $9.67 | ||
| Q4 24 | — | $7.15 | ||
| Q3 24 | — | $8.69 | ||
| Q2 24 | — | $10.17 | ||
| Q1 24 | — | $10.80 |
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 | $32.5M |
| 总债务越低越好 | $1.5B | $3.4B |
| 股东权益账面价值 | $228.6M | $2.8B |
| 总资产 | $5.0B | $10.3B |
| 负债/权益比越低杠杆越低 | 6.44× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资CWHGPI
| Q4 25 | $215.0M | $32.5M | ||
| Q3 25 | $230.5M | $30.8M | ||
| Q2 25 | $118.1M | $52.7M | ||
| Q1 25 | $20.9M | $70.5M | ||
| Q4 24 | $208.4M | $34.4M | ||
| Q3 24 | $28.4M | $58.7M | ||
| Q2 24 | $23.7M | $64.4M | ||
| Q1 24 | $29.7M | $41.9M |
总债务CWHGPI
| Q4 25 | $1.5B | $3.4B | ||
| Q3 25 | $1.5B | $3.3B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.6B | $2.4B |
股东权益CWHGPI
| Q4 25 | $228.6M | $2.8B | ||
| Q3 25 | $296.2M | $3.1B | ||
| Q2 25 | $340.5M | $3.1B | ||
| Q1 25 | $310.5M | $3.0B | ||
| Q4 24 | $326.6M | $3.0B | ||
| Q3 24 | $151.6M | $3.0B | ||
| Q2 24 | $149.7M | $2.9B | ||
| Q1 24 | $142.8M | $2.8B |
总资产CWHGPI
| Q4 25 | $5.0B | $10.3B | ||
| Q3 25 | $5.0B | $10.4B | ||
| Q2 25 | $5.2B | $10.2B | ||
| Q1 25 | $5.1B | $9.9B | ||
| Q4 24 | $4.9B | $9.8B | ||
| Q3 24 | $4.7B | $10.0B | ||
| Q2 24 | $5.0B | $8.9B | ||
| Q1 24 | $5.1B | $8.5B |
负债/权益比CWHGPI
| Q4 25 | 6.44× | 1.23× | ||
| Q3 25 | 5.00× | 1.06× | ||
| Q2 25 | 4.42× | 0.97× | ||
| Q1 25 | 4.87× | 0.89× | ||
| Q4 24 | 4.64× | 0.92× | ||
| Q3 24 | 10.09× | 0.91× | ||
| Q2 24 | 10.28× | 0.80× | ||
| Q1 24 | 11.00× | 0.87× |
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 | $129.2M |
| 自由现金流经营现金流 - 资本支出 | — | $51.4M |
| 自由现金流率自由现金流/营收 | — | 0.9% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | — | 2.96× |
| 过去12个月自由现金流最近4个季度 | — | $424.5M |
8季度趋势，按日历期对齐
经营现金流CWHGPI
| Q4 25 | $-227.2M | $129.2M | ||
| Q3 25 | $139.8M | $155.0M | ||
| Q2 25 | $187.9M | $251.6M | ||
| Q1 25 | $-232.5M | $158.7M | ||
| Q4 24 | $-163.4M | $212.6M | ||
| Q3 24 | $324.2M | $243.9M | ||
| Q2 24 | $152.3M | $-124.1M | ||
| Q1 24 | $-68.0M | $253.9M |
自由现金流CWHGPI
| Q4 25 | — | $51.4M | ||
| Q3 25 | — | $86.7M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $106.5M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $194.2M | ||
| Q2 24 | — | $-163.8M | ||
| Q1 24 | — | $190.7M |
自由现金流率CWHGPI
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | -3.5% | ||
| Q1 24 | — | 4.3% |
资本支出强度CWHGPI
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.4% |
现金转化率CWHGPI
| Q4 25 | — | 2.96× | ||
| Q3 25 | — | 11.92× | ||
| Q2 25 | 6.22× | 1.79× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 2.24× | ||
| Q3 24 | 58.93× | 2.08× | ||
| Q2 24 | 15.59× | -0.90× | ||
| Q1 24 | — | 1.72× |
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% |
GPI
| New Vehicles Retail | $2.8B | 50% |
| Used Vehicles Retail | $1.7B | 31% |
| Parts And Service | $700.2M | 13% |
| Financial Service | $229.7M | 4% |
| Used Vehicles Wholesale | $143.5M | 3% |
