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Camping World Holdings, Inc.（CWH）与LITHIA MOTORS INC（LAD）财务数据对比。点击上方公司名可切换其他公司
LITHIA MOTORS INC的季度营收约是Camping World Holdings, Inc.的7.8倍（$9.2B vs $1.2B）。LITHIA MOTORS INC净利率更高（1.5% vs -9.3%，领先10.8%）。LITHIA MOTORS INC同比增速更快（0.3% vs -2.6%）。过去两年LITHIA MOTORS INC的营收复合增速更高（3.6% 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。
Lithia Motors Inc.是总部位于美国俄勒冈州梅德福的全国性汽车经销商集团，按营收计算为2025年美国规模最大的汽车零售商，领先于AutoNation、潘世奇汽车集团等竞争对手。截至2024年12月31日，该公司在美、加、英三国运营459家经销网点，全球员工约3万人。
CWH vs LAD — 直观对比
营收规模更大
LAD
是对方的7.8倍
$1.2B
营收增速更快
LAD
高出2.8%
-2.6%
净利率更高
LAD
高出10.8%
-9.3%
两年增速更快
LAD
近两年复合增速
-7.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $9.2B |
| 净利润 | $-109.1M | $136.9M |
| 毛利率 | 28.8% | 14.9% |
| 营业利润率 | -4.3% | 3.7% |
| 净利率 | -9.3% | 1.5% |
| 营收同比 | -2.6% | 0.3% |
| 净利润同比 | -83.3% | -36.6% |
| 每股收益（稀释后） | — | $5.90 |
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CWHLAD
| Q4 25 | $1.2B | $9.2B | ||
| Q3 25 | $1.8B | $9.7B | ||
| Q2 25 | $2.0B | $9.6B | ||
| Q1 25 | $1.4B | $9.2B | ||
| Q4 24 | $1.2B | $9.2B | ||
| Q3 24 | $1.7B | $9.2B | ||
| Q2 24 | $1.8B | $9.2B | ||
| Q1 24 | $1.4B | $8.6B |
净利润CWHLAD
| Q4 25 | $-109.1M | $136.9M | ||
| Q3 25 | $-40.4M | $217.1M | ||
| Q2 25 | $30.2M | $256.1M | ||
| Q1 25 | $-12.3M | $209.5M | ||
| Q4 24 | $-59.5M | $216.1M | ||
| Q3 24 | $5.5M | $209.1M | ||
| Q2 24 | $9.8M | $214.2M | ||
| Q1 24 | $-22.3M | $162.6M |
毛利率CWHLAD
| Q4 25 | 28.8% | 14.9% | ||
| Q3 25 | 28.6% | 15.2% | ||
| Q2 25 | 30.0% | 15.5% | ||
| Q1 25 | 30.4% | 15.4% | ||
| Q4 24 | 31.3% | 15.0% | ||
| Q3 24 | 28.9% | 15.5% | ||
| Q2 24 | 30.3% | 15.4% | ||
| Q1 24 | 29.5% | 15.6% |
营业利润率CWHLAD
| Q4 25 | -4.3% | 3.7% | ||
| Q3 25 | 4.4% | 4.4% | ||
| Q2 25 | 6.6% | 4.4% | ||
| Q1 25 | 1.5% | 4.4% | ||
| Q4 24 | -1.3% | 4.5% | ||
| Q3 24 | 3.7% | 4.6% | ||
| Q2 24 | 5.3% | 4.3% | ||
| Q1 24 | 0.3% | 4.0% |
净利率CWHLAD
| Q4 25 | -9.3% | 1.5% | ||
| Q3 25 | -2.2% | 2.2% | ||
| Q2 25 | 1.5% | 2.7% | ||
| Q1 25 | -0.9% | 2.3% | ||
| Q4 24 | -4.9% | 2.4% | ||
| Q3 24 | 0.3% | 2.3% | ||
| Q2 24 | 0.5% | 2.3% | ||
| Q1 24 | -1.6% | 1.9% |
每股收益（稀释后）CWHLAD
| Q4 25 | — | $5.90 | ||
| Q3 25 | — | $8.61 | ||
| Q2 25 | — | $9.87 | ||
| Q1 25 | — | $7.94 | ||
| Q4 24 | — | $8.09 | ||
| Q3 24 | — | $7.80 | ||
| Q2 24 | — | $7.87 | ||
| Q1 24 | — | $5.89 |
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 | — |
| 总债务越低越好 | $1.5B | $9.7B |
| 股东权益账面价值 | $228.6M | $6.6B |
| 总资产 | $5.0B | $25.1B |
| 负债/权益比越低杠杆越低 | 6.44× | 1.47× |
8季度趋势，按日历期对齐
现金及短期投资CWHLAD
| Q4 25 | $215.0M | — | ||
| Q3 25 | $230.5M | $206.5M | ||
| Q2 25 | $118.1M | $202.8M | ||
| Q1 25 | $20.9M | $234.4M | ||
| Q4 24 | $208.4M | — | ||
| Q3 24 | $28.4M | $209.8M | ||
| Q2 24 | $23.7M | $516.4M | ||
| Q1 24 | $29.7M | $264.4M |
总债务CWHLAD
| Q4 25 | $1.5B | $9.7B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $8.2B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
股东权益CWHLAD
| Q4 25 | $228.6M | $6.6B | ||
| Q3 25 | $296.2M | $6.8B | ||
| Q2 25 | $340.5M | $7.0B | ||
| Q1 25 | $310.5M | $6.8B | ||
| Q4 24 | $326.6M | $6.7B | ||
| Q3 24 | $151.6M | $6.6B | ||
| Q2 24 | $149.7M | $6.4B | ||
| Q1 24 | $142.8M | $6.4B |
总资产CWHLAD
| Q4 25 | $5.0B | $25.1B | ||
| Q3 25 | $5.0B | $24.5B | ||
| Q2 25 | $5.2B | $24.2B | ||
| Q1 25 | $5.1B | $23.5B | ||
| Q4 24 | $4.9B | $23.1B | ||
| Q3 24 | $4.7B | $23.3B | ||
| Q2 24 | $5.0B | $23.2B | ||
| Q1 24 | $5.1B | $22.2B |
负债/权益比CWHLAD
| Q4 25 | 6.44× | 1.47× | ||
| Q3 25 | 5.00× | — | ||
| Q2 25 | 4.42× | — | ||
| Q1 25 | 4.87× | — | ||
| Q4 24 | 4.64× | 1.23× | ||
| Q3 24 | 10.09× | — | ||
| Q2 24 | 10.28× | — | ||
| Q1 24 | 11.00× | — |
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 | $123.7M |
| 自由现金流经营现金流 - 资本支出 | — | $30.5M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 0.90× |
| 过去12个月自由现金流最近4个季度 | — | $5.8M |
8季度趋势，按日历期对齐
经营现金流CWHLAD
| Q4 25 | $-227.2M | $123.7M | ||
| Q3 25 | $139.8M | $-98.4M | ||
| Q2 25 | $187.9M | $9.3M | ||
| Q1 25 | $-232.5M | $322.1M | ||
| Q4 24 | $-163.4M | $61.8M | ||
| Q3 24 | $324.2M | $219.3M | ||
| Q2 24 | $152.3M | $-148.4M | ||
| Q1 24 | $-68.0M | $292.4M |
自由现金流CWHLAD
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $-207.3M | ||
| Q2 25 | — | $-70.8M | ||
| Q1 25 | — | $253.4M | ||
| Q4 24 | — | $-17.7M | ||
| Q3 24 | — | $157.1M | ||
| Q2 24 | — | $-278.5M | ||
| Q1 24 | — | $212.8M |
自由现金流率CWHLAD
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | 2.5% |
资本支出强度CWHLAD
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 0.9% |
现金转化率CWHLAD
| Q4 25 | — | 0.90× | ||
| Q3 25 | — | -0.45× | ||
| Q2 25 | 6.22× | 0.04× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 58.93× | 1.05× | ||
| Q2 24 | 15.59× | -0.69× | ||
| Q1 24 | — | 1.80× |
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% |
LAD
暂无分部数据
