vs
Camping World Holdings, Inc.（CWH）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是Camping World Holdings, Inc.的1.8倍（$2.1B vs $1.2B），Roper Technologies净利率更高（15.8% vs -9.3%，领先25.1%），Roper Technologies同比增速更快（11.3% vs -2.6%），过去两年Roper Technologies的营收复合增速更高（10.5% 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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
CWH vs ROP — 直观对比
营收规模更大
ROP
是对方的1.8倍
$1.2B
营收增速更快
ROP
高出13.9%
-2.6%
净利率更高
ROP
高出25.1%
-9.3%
两年增速更快
ROP
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $-109.1M | $331.0M |
| 毛利率 | 28.8% | 69.4% |
| 营业利润率 | -4.3% | 27.2% |
| 净利率 | -9.3% | 15.8% |
| 营收同比 | -2.6% | 11.3% |
| 净利润同比 | -83.3% | 53.7% |
| 每股收益（稀释后） | — | $4.87 |
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CWHROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.8B | $1.7B |
净利润CWHROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $-109.1M | $428.4M | ||
| Q3 25 | $-40.4M | $398.5M | ||
| Q2 25 | $30.2M | $378.3M | ||
| Q1 25 | $-12.3M | $331.1M | ||
| Q4 24 | $-59.5M | $462.3M | ||
| Q3 24 | $5.5M | $367.9M | ||
| Q2 24 | $9.8M | $337.1M |
毛利率CWHROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | 28.8% | 69.5% | ||
| Q3 25 | 28.6% | 69.5% | ||
| Q2 25 | 30.0% | 69.2% | ||
| Q1 25 | 30.4% | 68.7% | ||
| Q4 24 | 31.3% | 68.3% | ||
| Q3 24 | 28.9% | 69.2% | ||
| Q2 24 | 30.3% | 69.5% |
营业利润率CWHROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | -4.3% | 28.6% | ||
| Q3 25 | 4.4% | 28.4% | ||
| Q2 25 | 6.6% | 28.2% | ||
| Q1 25 | 1.5% | 27.9% | ||
| Q4 24 | -1.3% | 28.0% | ||
| Q3 24 | 3.7% | 28.1% | ||
| Q2 24 | 5.3% | 28.8% |
净利率CWHROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | -9.3% | 20.8% | ||
| Q3 25 | -2.2% | 19.8% | ||
| Q2 25 | 1.5% | 19.5% | ||
| Q1 25 | -0.9% | 17.6% | ||
| Q4 24 | -4.9% | 24.6% | ||
| Q3 24 | 0.3% | 20.8% | ||
| Q2 24 | 0.5% | 19.6% |
每股收益（稀释后）CWHROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | — | $3.97 | ||
| Q3 25 | — | $3.68 | ||
| Q2 25 | — | $3.49 | ||
| Q1 25 | — | $3.06 | ||
| Q4 24 | — | $4.29 | ||
| Q3 24 | — | $3.40 | ||
| Q2 24 | — | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $1.5B | $9.7B |
| 股东权益账面价值 | $228.6M | $18.8B |
| 总资产 | $5.0B | $34.6B |
| 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CWHROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $215.0M | $297.4M | ||
| Q3 25 | $230.5M | $320.0M | ||
| Q2 25 | $118.1M | $242.4M | ||
| Q1 25 | $20.9M | $372.8M | ||
| Q4 24 | $208.4M | $188.2M | ||
| Q3 24 | $28.4M | $269.6M | ||
| Q2 24 | $23.7M | $251.5M |
总债务CWHROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $1.5B | $9.3B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $7.6B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益CWHROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $228.6M | $19.9B | ||
| Q3 25 | $296.2M | $20.0B | ||
| Q2 25 | $340.5M | $19.6B | ||
| Q1 25 | $310.5M | $19.2B | ||
| Q4 24 | $326.6M | $18.9B | ||
| Q3 24 | $151.6M | $18.5B | ||
| Q2 24 | $149.7M | $18.1B |
总资产CWHROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $5.0B | $34.6B | ||
| Q3 25 | $5.0B | $34.6B | ||
| Q2 25 | $5.2B | $33.2B | ||
| Q1 25 | $5.1B | $31.4B | ||
| Q4 24 | $4.9B | $31.3B | ||
| Q3 24 | $4.7B | $31.6B | ||
| Q2 24 | $5.0B | $29.8B |
负债/权益比CWHROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 6.44× | 0.47× | ||
| Q3 25 | 5.00× | — | ||
| Q2 25 | 4.42× | — | ||
| Q1 25 | 4.87× | — | ||
| Q4 24 | 4.64× | 0.40× | ||
| 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 | — | $507.0M |
| 自由现金流率自由现金流/营收 | — | 24.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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CWHROP
| Q1 26 | — | — | ||
| Q4 25 | $-227.2M | $738.0M | ||
| Q3 25 | $139.8M | $869.5M | ||
| Q2 25 | $187.9M | $404.1M | ||
| Q1 25 | $-232.5M | $528.7M | ||
| Q4 24 | $-163.4M | $722.2M | ||
| Q3 24 | $324.2M | $755.4M | ||
| Q2 24 | $152.3M | $384.1M |
自由现金流CWHROP
| Q1 26 | — | $507.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率CWHROP
| Q1 26 | — | 24.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度CWHROP
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率CWHROP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 2.18× | ||
| Q2 25 | 6.22× | 1.07× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 58.93× | 2.05× | ||
| Q2 24 | 15.59× | 1.14× |
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% |
ROP
暂无分部数据
