vs
Camping World Holdings, Inc.（CWH）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是Camping World Holdings, Inc.的1.6倍（$1.9B vs $1.2B），Masco净利率更高（11.9% vs -9.3%，领先21.2%），Masco同比增速更快（6.5% vs -2.6%），过去两年Masco的营收复合增速更高（-4.2% 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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
CWH vs MAS — 直观对比
营收规模更大
MAS
是对方的1.6倍
$1.2B
营收增速更快
MAS
高出9.1%
-2.6%
净利率更高
MAS
高出21.2%
-9.3%
两年增速更快
MAS
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $-109.1M | $228.0M |
| 毛利率 | 28.8% | 35.8% |
| 营业利润率 | -4.3% | 16.5% |
| 净利率 | -9.3% | 11.9% |
| 营收同比 | -2.6% | 6.5% |
| 净利润同比 | -83.3% | 14.5% |
| 每股收益（稀释后） | — | — |
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CWHMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.8B | $2.1B |
净利润CWHMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $-109.1M | $165.0M | ||
| Q3 25 | $-40.4M | $189.0M | ||
| Q2 25 | $30.2M | $270.0M | ||
| Q1 25 | $-12.3M | $186.0M | ||
| Q4 24 | $-59.5M | $182.0M | ||
| Q3 24 | $5.5M | $167.0M | ||
| Q2 24 | $9.8M | $258.0M |
毛利率CWHMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 28.8% | 33.9% | ||
| Q3 25 | 28.6% | 34.2% | ||
| Q2 25 | 30.0% | 37.6% | ||
| Q1 25 | 30.4% | 35.8% | ||
| Q4 24 | 31.3% | 34.8% | ||
| Q3 24 | 28.9% | 36.6% | ||
| Q2 24 | 30.3% | 37.5% |
营业利润率CWHMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | -4.3% | 13.8% | ||
| Q3 25 | 4.4% | 15.8% | ||
| Q2 25 | 6.6% | 20.1% | ||
| Q1 25 | 1.5% | 15.9% | ||
| Q4 24 | -1.3% | 15.9% | ||
| Q3 24 | 3.7% | 18.0% | ||
| Q2 24 | 5.3% | 19.0% |
净利率CWHMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | -9.3% | 9.2% | ||
| Q3 25 | -2.2% | 9.9% | ||
| Q2 25 | 1.5% | 13.2% | ||
| Q1 25 | -0.9% | 10.3% | ||
| Q4 24 | -4.9% | 10.0% | ||
| Q3 24 | 0.3% | 8.4% | ||
| Q2 24 | 0.5% | 12.3% |
每股收益（稀释后）CWHMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.90 | ||
| Q2 25 | — | $1.28 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | — | $0.85 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | — | $1.17 |
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 | $2.9B |
| 股东权益账面价值 | $228.6M | $27.0M |
| 总资产 | $5.0B | $5.2B |
| 负债/权益比越低杠杆越低 | 6.44× | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资CWHMAS
| Q1 26 | — | — | ||
| Q4 25 | $215.0M | $647.0M | ||
| Q3 25 | $230.5M | $559.0M | ||
| Q2 25 | $118.1M | $390.0M | ||
| Q1 25 | $20.9M | $377.0M | ||
| Q4 24 | $208.4M | $634.0M | ||
| Q3 24 | $28.4M | $646.0M | ||
| Q2 24 | $23.7M | $398.0M |
总债务CWHMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $2.9B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益CWHMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $228.6M | $-185.0M | ||
| Q3 25 | $296.2M | $-78.0M | ||
| Q2 25 | $340.5M | $-84.0M | ||
| Q1 25 | $310.5M | $-254.0M | ||
| Q4 24 | $326.6M | $-279.0M | ||
| Q3 24 | $151.6M | $-88.0M | ||
| Q2 24 | $149.7M | $-26.0M |
总资产CWHMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $5.0B | $5.2B | ||
| Q3 25 | $5.0B | $5.3B | ||
| Q2 25 | $5.2B | $5.3B | ||
| Q1 25 | $5.1B | $5.1B | ||
| Q4 24 | $4.9B | $5.0B | ||
| Q3 24 | $4.7B | $5.3B | ||
| Q2 24 | $5.0B | $5.4B |
负债/权益比CWHMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | 6.44× | — | ||
| Q3 25 | 5.00× | — | ||
| Q2 25 | 4.42× | — | ||
| Q1 25 | 4.87× | — | ||
| Q4 24 | 4.64× | — | ||
| 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 | — | 1.8% |
| 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CWHMAS
| Q1 26 | — | — | ||
| Q4 25 | $-227.2M | $418.0M | ||
| Q3 25 | $139.8M | $456.0M | ||
| Q2 25 | $187.9M | $306.0M | ||
| Q1 25 | $-232.5M | $-158.0M | ||
| Q4 24 | $-163.4M | $407.0M | ||
| Q3 24 | $324.2M | $416.0M | ||
| Q2 24 | $152.3M | $346.0M |
自由现金流CWHMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $371.0M | ||
| Q3 25 | — | $415.0M | ||
| Q2 25 | — | $270.0M | ||
| Q1 25 | — | $-190.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $378.0M | ||
| Q2 24 | — | $303.0M |
自由现金流率CWHMAS
| Q1 26 | — | — | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 21.6% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | -10.5% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 19.1% | ||
| Q2 24 | — | 14.5% |
资本支出强度CWHMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.1% |
现金转化率CWHMAS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.53× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | 6.22× | 1.13× | ||
| Q1 25 | — | -0.85× | ||
| Q4 24 | — | 2.24× | ||
| Q3 24 | 58.93× | 2.49× | ||
| Q2 24 | 15.59× | 1.34× |
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% |
MAS
暂无分部数据
