vs
Camping World Holdings, Inc.（CWH）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Camping World Holdings, Inc.的季度营收约是Rithm Capital Corp.的1.4倍（$1.2B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs -9.3%，领先22.5%），Rithm Capital Corp.同比增速更快（508.5% vs -2.6%），过去两年Camping World Holdings, Inc.的营收复合增速更高（-7.2% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
CWH vs RITM — 直观对比
营收规模更大
CWH
是对方的1.4倍
$828.2M
营收增速更快
RITM
高出511.0%
-2.6%
净利率更高
RITM
高出22.5%
-9.3%
两年增速更快
CWH
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $828.2M |
| 净利润 | $-109.1M | $109.5M |
| 毛利率 | 28.8% | — |
| 营业利润率 | -4.3% | 29.9% |
| 净利率 | -9.3% | 13.2% |
| 营收同比 | -2.6% | 508.5% |
| 净利润同比 | -83.3% | 27.7% |
| 每股收益（稀释后） | — | $0.12 |
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CWHRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.4B | $768.4M | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.7B | $619.5M | ||
| Q2 24 | $1.8B | $1.2B |
净利润CWHRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $-109.1M | $85.0M | ||
| Q3 25 | $-40.4M | $221.5M | ||
| Q2 25 | $30.2M | $311.7M | ||
| Q1 25 | $-12.3M | $78.8M | ||
| Q4 24 | $-59.5M | $290.2M | ||
| Q3 24 | $5.5M | $121.7M | ||
| Q2 24 | $9.8M | $235.6M |
毛利率CWHRITM
| 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CWHRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | -4.3% | 13.8% | ||
| Q3 25 | 4.4% | 21.4% | ||
| Q2 25 | 6.6% | 25.2% | ||
| Q1 25 | 1.5% | 7.4% | ||
| Q4 24 | -1.3% | 23.8% | ||
| Q3 24 | 3.7% | 7.3% | ||
| Q2 24 | 5.3% | 23.6% |
净利率CWHRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | -9.3% | 5.7% | ||
| Q3 25 | -2.2% | 20.0% | ||
| Q2 25 | 1.5% | 25.6% | ||
| Q1 25 | -0.9% | 10.3% | ||
| Q4 24 | -4.9% | 14.0% | ||
| Q3 24 | 0.3% | 19.7% | ||
| Q2 24 | 0.5% | 19.2% |
每股收益（稀释后）CWHRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | — | $0.09 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.43 |
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 | — |
| 股东权益账面价值 | $228.6M | $9.1B |
| 总资产 | $5.0B | $53.4B |
| 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CWHRITM
| Q1 26 | — | — | ||
| Q4 25 | $215.0M | $1.8B | ||
| Q3 25 | $230.5M | $1.6B | ||
| Q2 25 | $118.1M | $1.6B | ||
| Q1 25 | $20.9M | $1.5B | ||
| Q4 24 | $208.4M | $1.5B | ||
| Q3 24 | $28.4M | $1.6B | ||
| Q2 24 | $23.7M | $1.2B |
总债务CWHRITM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $35.4B | ||
| Q3 25 | $1.5B | $32.2B | ||
| Q2 25 | $1.5B | $31.2B | ||
| Q1 25 | $1.5B | $32.2B | ||
| Q4 24 | $1.5B | $32.6B | ||
| Q3 24 | $1.5B | $29.6B | ||
| Q2 24 | $1.5B | $30.1B |
股东权益CWHRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $228.6M | $8.4B | ||
| Q3 25 | $296.2M | $8.5B | ||
| Q2 25 | $340.5M | $7.9B | ||
| Q1 25 | $310.5M | $7.8B | ||
| Q4 24 | $326.6M | $7.8B | ||
| Q3 24 | $151.6M | $7.7B | ||
| Q2 24 | $149.7M | $7.3B |
总资产CWHRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $5.0B | $53.1B | ||
| Q3 25 | $5.0B | $47.2B | ||
| Q2 25 | $5.2B | $44.3B | ||
| Q1 25 | $5.1B | $45.3B | ||
| Q4 24 | $4.9B | $46.0B | ||
| Q3 24 | $4.7B | $42.3B | ||
| Q2 24 | $5.0B | $42.0B |
负债/权益比CWHRITM
| Q1 26 | — | — | ||
| Q4 25 | 6.44× | 4.20× | ||
| Q3 25 | 5.00× | 3.79× | ||
| Q2 25 | 4.42× | 3.92× | ||
| Q1 25 | 4.87× | 4.14× | ||
| Q4 24 | 4.64× | 4.18× | ||
| Q3 24 | 10.09× | 3.87× | ||
| Q2 24 | 10.28× | 4.10× |
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 | — | — |
| 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CWHRITM
| Q1 26 | — | — | ||
| Q4 25 | $-227.2M | $-114.6M | ||
| Q3 25 | $139.8M | $-2.0B | ||
| Q2 25 | $187.9M | $-557.1M | ||
| Q1 25 | $-232.5M | $1.4B | ||
| Q4 24 | $-163.4M | $-1.8B | ||
| Q3 24 | $324.2M | $768.1M | ||
| Q2 24 | $152.3M | $-55.7M |
现金转化率CWHRITM
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | — | -9.22× | ||
| Q2 25 | 6.22× | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | 58.93× | 6.31× | ||
| Q2 24 | 15.59× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
