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Camping World Holdings, Inc.（CWH）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是Camping World Holdings, Inc.的1.6倍（$1.9B vs $1.2B），RPM INTERNATIONAL INC净利率更高（8.4% vs -9.3%，领先17.7%），RPM INTERNATIONAL INC同比增速更快（3.5% vs -2.6%），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
CWH vs RPM — 直观对比
营收规模更大
RPM
是对方的1.6倍
$1.2B
营收增速更快
RPM
高出6.1%
-2.6%
净利率更高
RPM
高出17.7%
-9.3%
两年增速更快
RPM
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $-109.1M | $161.2M |
| 毛利率 | 28.8% | 40.8% |
| 营业利润率 | -4.3% | 11.0% |
| 净利率 | -9.3% | 8.4% |
| 营收同比 | -2.6% | 3.5% |
| 净利润同比 | -83.3% | -12.0% |
| 每股收益（稀释后） | — | $1.26 |
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CWHRPM
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.8B | $2.0B | ||
| Q1 24 | $1.4B | $1.5B |
净利润CWHRPM
| Q4 25 | $-109.1M | $161.2M | ||
| Q3 25 | $-40.4M | $227.6M | ||
| Q2 25 | $30.2M | $225.8M | ||
| Q1 25 | $-12.3M | $52.0M | ||
| Q4 24 | $-59.5M | $183.2M | ||
| Q3 24 | $5.5M | $227.7M | ||
| Q2 24 | $9.8M | $180.6M | ||
| Q1 24 | $-22.3M | $61.2M |
毛利率CWHRPM
| Q4 25 | 28.8% | 40.8% | ||
| Q3 25 | 28.6% | 42.3% | ||
| Q2 25 | 30.0% | 42.4% | ||
| Q1 25 | 30.4% | 38.4% | ||
| Q4 24 | 31.3% | 41.4% | ||
| Q3 24 | 28.9% | 42.5% | ||
| Q2 24 | 30.3% | 41.4% | ||
| Q1 24 | 29.5% | 39.9% |
营业利润率CWHRPM
| Q4 25 | -4.3% | 11.0% | ||
| Q3 25 | 4.4% | 14.1% | ||
| Q2 25 | 6.6% | 11.9% | ||
| Q1 25 | 1.5% | 2.8% | ||
| Q4 24 | -1.3% | 11.5% | ||
| Q3 24 | 3.7% | 14.8% | ||
| Q2 24 | 5.3% | 11.9% | ||
| Q1 24 | 0.3% | 5.5% |
净利率CWHRPM
| Q4 25 | -9.3% | 8.4% | ||
| Q3 25 | -2.2% | 10.8% | ||
| Q2 25 | 1.5% | 10.8% | ||
| Q1 25 | -0.9% | 3.5% | ||
| Q4 24 | -4.9% | 9.9% | ||
| Q3 24 | 0.3% | 11.6% | ||
| Q2 24 | 0.5% | 9.0% | ||
| Q1 24 | -1.6% | 4.0% |
每股收益（稀释后）CWHRPM
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.77 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $1.42 | ||
| Q3 24 | — | $1.77 | ||
| Q2 24 | — | $1.40 | ||
| Q1 24 | — | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $1.5B | $2.5B |
| 股东权益账面价值 | $228.6M | $3.1B |
| 总资产 | $5.0B | $7.9B |
| 负债/权益比越低杠杆越低 | 6.44× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资CWHRPM
| Q4 25 | $215.0M | $316.6M | ||
| Q3 25 | $230.5M | $297.1M | ||
| Q2 25 | $118.1M | $302.1M | ||
| Q1 25 | $20.9M | $241.9M | ||
| Q4 24 | $208.4M | $268.7M | ||
| Q3 24 | $28.4M | $231.6M | ||
| Q2 24 | $23.7M | $237.4M | ||
| Q1 24 | $29.7M | $248.9M |
总债务CWHRPM
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.5B | $2.0B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.6B | $2.2B |
股东权益CWHRPM
| Q4 25 | $228.6M | $3.1B | ||
| Q3 25 | $296.2M | $3.1B | ||
| Q2 25 | $340.5M | $2.9B | ||
| Q1 25 | $310.5M | $2.7B | ||
| Q4 24 | $326.6M | $2.7B | ||
| Q3 24 | $151.6M | $2.6B | ||
| Q2 24 | $149.7M | $2.5B | ||
| Q1 24 | $142.8M | $2.3B |
总资产CWHRPM
| Q4 25 | $5.0B | $7.9B | ||
| Q3 25 | $5.0B | $7.9B | ||
| Q2 25 | $5.2B | $7.8B | ||
| Q1 25 | $5.1B | $6.6B | ||
| Q4 24 | $4.9B | $6.7B | ||
| Q3 24 | $4.7B | $6.6B | ||
| Q2 24 | $5.0B | $6.6B | ||
| Q1 24 | $5.1B | $6.4B |
负债/权益比CWHRPM
| Q4 25 | 6.44× | 0.80× | ||
| Q3 25 | 5.00× | 0.87× | ||
| Q2 25 | 4.42× | 0.91× | ||
| Q1 25 | 4.87× | 0.78× | ||
| Q4 24 | 4.64× | 0.74× | ||
| Q3 24 | 10.09× | 0.77× | ||
| Q2 24 | 10.28× | 0.79× | ||
| Q1 24 | 11.00× | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | — | $296.4M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.14× |
| 过去12个月自由现金流最近4个季度 | — | $582.9M |
8季度趋势，按日历期对齐
经营现金流CWHRPM
| Q4 25 | $-227.2M | $345.7M | ||
| Q3 25 | $139.8M | $237.5M | ||
| Q2 25 | $187.9M | $149.2M | ||
| Q1 25 | $-232.5M | $91.5M | ||
| Q4 24 | $-163.4M | $279.4M | ||
| Q3 24 | $324.2M | $248.1M | ||
| Q2 24 | $152.3M | $181.2M | ||
| Q1 24 | $-68.0M | $173.4M |
自由现金流CWHRPM
| Q4 25 | — | $296.4M | ||
| Q3 25 | — | $175.0M | ||
| Q2 25 | — | $78.2M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $105.3M | ||
| Q1 24 | — | $124.6M |
自由现金流率CWHRPM
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 8.2% |
资本支出强度CWHRPM
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 3.2% |
现金转化率CWHRPM
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | 6.22× | 0.66× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 1.53× | ||
| Q3 24 | 58.93× | 1.09× | ||
| Q2 24 | 15.59× | 1.00× | ||
| Q1 24 | — | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
