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Camping World Holdings, Inc.（CWH）与亨廷顿·英格尔斯工业（HII）财务数据对比。点击上方公司名可切换其他公司
亨廷顿·英格尔斯工业的季度营收约是Camping World Holdings, Inc.的1.4倍（$1.7B vs $1.2B），亨廷顿·英格尔斯工业净利率更高（8.9% vs -9.3%，领先18.2%），亨廷顿·英格尔斯工业同比增速更快（13.8% vs -2.6%），过去两年Camping World Holdings, Inc.的营收复合增速更高（-7.2% vs -25.2%）
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。
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
CWH vs HII — 直观对比
营收规模更大
HII
是对方的1.4倍
$1.2B
营收增速更快
HII
高出16.4%
-2.6%
净利率更高
HII
高出18.2%
-9.3%
两年增速更快
CWH
近两年复合增速
-25.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $-109.1M | $149.0M |
| 毛利率 | 28.8% | — |
| 营业利润率 | -4.3% | 9.3% |
| 净利率 | -9.3% | 8.9% |
| 营收同比 | -2.6% | 13.8% |
| 净利润同比 | -83.3% | — |
| 每股收益（稀释后） | — | $3.79 |
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CWHHII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.2B | $3.5B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.2B | $3.0B | ||
| Q3 24 | $1.7B | $2.7B | ||
| Q2 24 | $1.8B | $3.0B |
净利润CWHHII
| Q1 26 | — | $149.0M | ||
| Q4 25 | $-109.1M | $159.0M | ||
| Q3 25 | $-40.4M | $145.0M | ||
| Q2 25 | $30.2M | $152.0M | ||
| Q1 25 | $-12.3M | $149.0M | ||
| Q4 24 | $-59.5M | $123.0M | ||
| Q3 24 | $5.5M | $101.0M | ||
| Q2 24 | $9.8M | $173.0M |
毛利率CWHHII
| 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CWHHII
| Q1 26 | — | 9.3% | ||
| Q4 25 | -4.3% | 4.9% | ||
| Q3 25 | 4.4% | 5.0% | ||
| Q2 25 | 6.6% | 5.3% | ||
| Q1 25 | 1.5% | 5.9% | ||
| Q4 24 | -1.3% | 3.7% | ||
| Q3 24 | 3.7% | 3.0% | ||
| Q2 24 | 5.3% | 6.3% |
净利率CWHHII
| Q1 26 | — | 8.9% | ||
| Q4 25 | -9.3% | 4.6% | ||
| Q3 25 | -2.2% | 4.5% | ||
| Q2 25 | 1.5% | 4.9% | ||
| Q1 25 | -0.9% | 5.4% | ||
| Q4 24 | -4.9% | 4.1% | ||
| Q3 24 | 0.3% | 3.7% | ||
| Q2 24 | 0.5% | 5.8% |
每股收益（稀释后）CWHHII
| Q1 26 | — | $3.79 | ||
| Q4 25 | — | $4.06 | ||
| Q3 25 | — | $3.68 | ||
| Q2 25 | — | $3.86 | ||
| Q1 25 | — | $3.79 | ||
| Q4 24 | — | $3.15 | ||
| Q3 24 | — | $2.56 | ||
| Q2 24 | — | $4.38 |
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 | $216.0M |
| 总债务越低越好 | $1.5B | $2.7B |
| 股东权益账面价值 | $228.6M | $5.1B |
| 总资产 | $5.0B | $12.5B |
| 负债/权益比越低杠杆越低 | 6.44× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资CWHHII
| Q1 26 | — | $216.0M | ||
| Q4 25 | $215.0M | — | ||
| Q3 25 | $230.5M | — | ||
| Q2 25 | $118.1M | — | ||
| Q1 25 | $20.9M | — | ||
| Q4 24 | $208.4M | — | ||
| Q3 24 | $28.4M | — | ||
| Q2 24 | $23.7M | — |
总债务CWHHII
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益CWHHII
| Q1 26 | — | $5.1B | ||
| Q4 25 | $228.6M | $5.1B | ||
| Q3 25 | $296.2M | $5.0B | ||
| Q2 25 | $340.5M | $4.9B | ||
| Q1 25 | $310.5M | $4.8B | ||
| Q4 24 | $326.6M | $4.7B | ||
| Q3 24 | $151.6M | $4.2B | ||
| Q2 24 | $149.7M | $4.2B |
总资产CWHHII
| Q1 26 | — | $12.5B | ||
| Q4 25 | $5.0B | $12.7B | ||
| Q3 25 | $5.0B | $12.3B | ||
| Q2 25 | $5.2B | $12.1B | ||
| Q1 25 | $5.1B | $12.1B | ||
| Q4 24 | $4.9B | $12.1B | ||
| Q3 24 | $4.7B | $11.1B | ||
| Q2 24 | $5.0B | $11.3B |
负债/权益比CWHHII
| Q1 26 | — | 0.52× | ||
| Q4 25 | 6.44× | 0.53× | ||
| Q3 25 | 5.00× | — | ||
| Q2 25 | 4.42× | — | ||
| Q1 25 | 4.87× | — | ||
| Q4 24 | 4.64× | 0.58× | ||
| 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 | $-390.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-461.0M |
| 自由现金流率自由现金流/营收 | — | -27.7% |
| 资本支出强度资本支出/营收 | — | 4.4% |
| 现金转化率经营现金流/净利润 | — | -2.62× |
| 过去12个月自由现金流最近4个季度 | — | $795.0M |
8季度趋势，按日历期对齐
经营现金流CWHHII
| Q1 26 | — | $-390.0M | ||
| Q4 25 | $-227.2M | $650.0M | ||
| Q3 25 | $139.8M | $118.0M | ||
| Q2 25 | $187.9M | $823.0M | ||
| Q1 25 | $-232.5M | $-395.0M | ||
| Q4 24 | $-163.4M | $391.0M | ||
| Q3 24 | $324.2M | $213.0M | ||
| Q2 24 | $152.3M | $-9.0M |
自由现金流CWHHII
| Q1 26 | — | $-461.0M | ||
| Q4 25 | — | $516.0M | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | — | $727.0M | ||
| Q1 25 | — | $-462.0M | ||
| Q4 24 | — | $277.0M | ||
| Q3 24 | — | $125.0M | ||
| Q2 24 | — | $-99.0M |
自由现金流率CWHHII
| Q1 26 | — | -27.7% | ||
| Q4 25 | — | 14.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | -16.9% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | -3.3% |
资本支出强度CWHHII
| Q1 26 | — | 4.4% | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.0% |
现金转化率CWHHII
| Q1 26 | — | -2.62× | ||
| Q4 25 | — | 4.09× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | 6.22× | 5.41× | ||
| Q1 25 | — | -2.65× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | 58.93× | 2.11× | ||
| Q2 24 | 15.59× | -0.05× |
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% |
HII
暂无分部数据
