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Camping World Holdings, Inc.（CWH）与Rackspace Technology, Inc.（RXT）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Rackspace Technology, Inc.的1.7倍（$1.2B vs $682.8M），Rackspace Technology, Inc.净利率更高（-4.8% vs -9.3%，领先4.5%），Rackspace Technology, Inc.同比增速更快（-0.4% vs -2.6%），过去两年Rackspace Technology, Inc.的营收复合增速更高（-0.6% 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。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
CWH vs RXT — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $682.8M |
| 净利润 | $-109.1M | $-32.7M |
| 毛利率 | 28.8% | 17.6% |
| 营业利润率 | -4.3% | -0.5% |
| 净利率 | -9.3% | -4.8% |
| 营收同比 | -2.6% | -0.4% |
| 净利润同比 | -83.3% | 41.6% |
| 每股收益（稀释后） | — | $-0.13 |
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
| Q4 25 | $1.2B | $682.8M | ||
| Q3 25 | $1.8B | $671.2M | ||
| Q2 25 | $2.0B | $666.3M | ||
| Q1 25 | $1.4B | $665.4M | ||
| Q4 24 | $1.2B | $685.6M | ||
| Q3 24 | $1.7B | $675.8M | ||
| Q2 24 | $1.8B | $684.9M | ||
| Q1 24 | $1.4B | $690.8M |
| Q4 25 | $-109.1M | $-32.7M | ||
| Q3 25 | $-40.4M | $-67.1M | ||
| Q2 25 | $30.2M | $-54.5M | ||
| Q1 25 | $-12.3M | $-71.5M | ||
| Q4 24 | $-59.5M | $-56.0M | ||
| Q3 24 | $5.5M | $-186.6M | ||
| Q2 24 | $9.8M | $25.0M | ||
| Q1 24 | $-22.3M | $-640.6M |
| Q4 25 | 28.8% | 17.6% | ||
| Q3 25 | 28.6% | 19.4% | ||
| Q2 25 | 30.0% | 19.4% | ||
| Q1 25 | 30.4% | 19.1% | ||
| Q4 24 | 31.3% | 19.2% | ||
| Q3 24 | 28.9% | 20.3% | ||
| Q2 24 | 30.3% | 19.2% | ||
| Q1 24 | 29.5% | 19.2% |
| Q4 25 | -4.3% | -0.5% | ||
| Q3 25 | 4.4% | -5.1% | ||
| Q2 25 | 6.6% | -3.8% | ||
| Q1 25 | 1.5% | -5.8% | ||
| Q4 24 | -1.3% | -4.2% | ||
| Q3 24 | 3.7% | -25.7% | ||
| Q2 24 | 5.3% | -7.9% | ||
| Q1 24 | 0.3% | -94.5% |
| Q4 25 | -9.3% | -4.8% | ||
| Q3 25 | -2.2% | -10.0% | ||
| Q2 25 | 1.5% | -8.2% | ||
| Q1 25 | -0.9% | -10.7% | ||
| Q4 24 | -4.9% | -8.2% | ||
| Q3 24 | 0.3% | -27.6% | ||
| Q2 24 | 0.5% | 3.7% | ||
| Q1 24 | -1.6% | -92.7% |
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.31 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.82 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-2.91 |
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 | $105.8M |
| 总债务越低越好 | $1.5B | $2.7B |
| 股东权益账面价值 | $228.6M | $-1.2B |
| 总资产 | $5.0B | $2.8B |
| 负债/权益比越低杠杆越低 | 6.44× | — |
8季度趋势，按日历期对齐
| Q4 25 | $215.0M | $105.8M | ||
| Q3 25 | $230.5M | $99.5M | ||
| Q2 25 | $118.1M | $103.9M | ||
| Q1 25 | $20.9M | $128.0M | ||
| Q4 24 | $208.4M | $144.0M | ||
| Q3 24 | $28.4M | $157.1M | ||
| Q2 24 | $23.7M | $190.2M | ||
| Q1 24 | $29.7M | $282.6M |
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.8B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.5B | $2.8B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.5B | $2.9B | ||
| Q1 24 | $1.6B | $3.0B |
| Q4 25 | $228.6M | $-1.2B | ||
| Q3 25 | $296.2M | $-1.2B | ||
| Q2 25 | $340.5M | $-1.1B | ||
| Q1 25 | $310.5M | $-1.1B | ||
| Q4 24 | $326.6M | $-1.0B | ||
| Q3 24 | $151.6M | $-949.7M | ||
| Q2 24 | $149.7M | $-756.2M | ||
| Q1 24 | $142.8M | $-787.2M |
| Q4 25 | $5.0B | $2.8B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.2B | $2.9B | ||
| Q1 25 | $5.1B | $3.0B | ||
| Q4 24 | $4.9B | $3.1B | ||
| Q3 24 | $4.7B | $3.1B | ||
| Q2 24 | $5.0B | $3.4B | ||
| Q1 24 | $5.1B | $3.5B |
| 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 | $59.7M |
| 自由现金流经营现金流 - 资本支出 | — | $56.0M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 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 | — | $90.6M |
8季度趋势，按日历期对齐
| Q4 25 | $-227.2M | $59.7M | ||
| Q3 25 | $139.8M | $70.7M | ||
| Q2 25 | $187.9M | $8.4M | ||
| Q1 25 | $-232.5M | $12.6M | ||
| Q4 24 | $-163.4M | $54.3M | ||
| Q3 24 | $324.2M | $51.8M | ||
| Q2 24 | $152.3M | $24.1M | ||
| Q1 24 | $-68.0M | $-90.3M |
| Q4 25 | — | $56.0M | ||
| Q3 25 | — | $42.7M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $4.3M | ||
| Q4 24 | — | $34.4M | ||
| Q3 24 | — | $27.3M | ||
| Q2 24 | — | $-14.5M | ||
| Q1 24 | — | $-118.4M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | -1.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | -2.1% | ||
| Q1 24 | — | -17.1% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | 4.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 58.93× | — | ||
| Q2 24 | 15.59× | 0.96× | ||
| Q1 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% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
