vs
Camping World Holdings, Inc.（CWH）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是Camping World Holdings, Inc.的1.1倍（$1.3B vs $1.2B），Camping World Holdings, Inc.同比增速更快（-2.6% vs -5.8%），过去两年罗致恒富的营收复合增速更高（-6.1% 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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
CWH vs RHI — 直观对比
营收规模更大
RHI
是对方的1.1倍
$1.2B
营收增速更快
CWH
高出3.2%
-5.8%
两年增速更快
RHI
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $-109.1M | — |
| 毛利率 | 28.8% | 37.6% |
| 营业利润率 | -4.3% | 1.7% |
| 净利率 | -9.3% | — |
| 营收同比 | -2.6% | -5.8% |
| 净利润同比 | -83.3% | — |
| 每股收益（稀释后） | — | $0.32 |
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CWHRHI
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.4B | $1.5B |
净利润CWHRHI
| Q4 25 | $-109.1M | — | ||
| Q3 25 | $-40.4M | $42.9M | ||
| Q2 25 | $30.2M | $41.0M | ||
| Q1 25 | $-12.3M | $17.4M | ||
| Q4 24 | $-59.5M | — | ||
| Q3 24 | $5.5M | $65.5M | ||
| Q2 24 | $9.8M | $68.2M | ||
| Q1 24 | $-22.3M | $63.7M |
毛利率CWHRHI
| Q4 25 | 28.8% | 37.6% | ||
| Q3 25 | 28.6% | 37.2% | ||
| Q2 25 | 30.0% | 37.2% | ||
| Q1 25 | 30.4% | 36.9% | ||
| Q4 24 | 31.3% | 38.8% | ||
| Q3 24 | 28.9% | 39.0% | ||
| Q2 24 | 30.3% | 39.2% | ||
| Q1 24 | 29.5% | 38.1% |
营业利润率CWHRHI
| Q4 25 | -4.3% | 1.7% | ||
| Q3 25 | 4.4% | 1.0% | ||
| Q2 25 | 6.6% | 0.1% | ||
| Q1 25 | 1.5% | 2.9% | ||
| Q4 24 | -1.3% | 4.7% | ||
| Q3 24 | 3.7% | 4.1% | ||
| Q2 24 | 5.3% | 5.1% | ||
| Q1 24 | 0.3% | 2.8% |
净利率CWHRHI
| Q4 25 | -9.3% | — | ||
| Q3 25 | -2.2% | 3.2% | ||
| Q2 25 | 1.5% | 3.0% | ||
| Q1 25 | -0.9% | 1.3% | ||
| Q4 24 | -4.9% | — | ||
| Q3 24 | 0.3% | 4.5% | ||
| Q2 24 | 0.5% | 4.6% | ||
| Q1 24 | -1.6% | 4.3% |
每股收益（稀释后）CWHRHI
| Q4 25 | — | $0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.61 |
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 | $464.4M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $228.6M | $1.3B |
| 总资产 | $5.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 6.44× | — |
8季度趋势，按日历期对齐
现金及短期投资CWHRHI
| Q4 25 | $215.0M | $464.4M | ||
| Q3 25 | $230.5M | $365.3M | ||
| Q2 25 | $118.1M | $380.5M | ||
| Q1 25 | $20.9M | $342.5M | ||
| Q4 24 | $208.4M | $537.6M | ||
| Q3 24 | $28.4M | $570.5M | ||
| Q2 24 | $23.7M | $547.4M | ||
| Q1 24 | $29.7M | $540.9M |
总债务CWHRHI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
股东权益CWHRHI
| Q4 25 | $228.6M | $1.3B | ||
| Q3 25 | $296.2M | $1.3B | ||
| Q2 25 | $340.5M | $1.3B | ||
| Q1 25 | $310.5M | $1.3B | ||
| Q4 24 | $326.6M | $1.4B | ||
| Q3 24 | $151.6M | $1.5B | ||
| Q2 24 | $149.7M | $1.5B | ||
| Q1 24 | $142.8M | $1.5B |
总资产CWHRHI
| Q4 25 | $5.0B | $2.9B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.2B | $2.8B | ||
| Q1 25 | $5.1B | $2.7B | ||
| Q4 24 | $4.9B | $2.9B | ||
| Q3 24 | $4.7B | $3.0B | ||
| Q2 24 | $5.0B | $2.9B | ||
| Q1 24 | $5.1B | $2.9B |
负债/权益比CWHRHI
| 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× | — | ||
| 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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | — | $170.8M |
| 自由现金流率自由现金流/营收 | — | 13.1% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $266.8M |
8季度趋势，按日历期对齐
经营现金流CWHRHI
| Q4 25 | $-227.2M | $182.5M | ||
| Q3 25 | $139.8M | $77.4M | ||
| Q2 25 | $187.9M | $119.4M | ||
| Q1 25 | $-232.5M | $-59.3M | ||
| Q4 24 | $-163.4M | $154.8M | ||
| Q3 24 | $324.2M | $129.6M | ||
| Q2 24 | $152.3M | $142.0M | ||
| Q1 24 | $-68.0M | $-15.9M |
自由现金流CWHRHI
| Q4 25 | — | $170.8M | ||
| Q3 25 | — | $63.6M | ||
| Q2 25 | — | $104.2M | ||
| Q1 25 | — | $-71.7M | ||
| Q4 24 | — | $140.5M | ||
| Q3 24 | — | $111.8M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | — | $-27.7M |
自由现金流率CWHRHI
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -1.9% |
资本支出强度CWHRHI
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.8% |
现金转化率CWHRHI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 6.22× | 2.91× | ||
| Q1 25 | — | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | 58.93× | 1.98× | ||
| Q2 24 | 15.59× | 2.08× | ||
| Q1 24 | — | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
