vs
Camping World Holdings, Inc.（CWH）与SouthState Bank Corp（SSB）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SouthState Bank Corp的1.8倍（$1.2B vs $661.7M），SouthState Bank Corp净利率更高（34.1% vs -9.3%，领先43.4%），过去两年SouthState Bank Corp的营收复合增速更高（37.4% 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。
SouthState Bank总部位于美国佛罗里达州温特黑文，是银行控股公司SouthState Corporation旗下的银行子公司。截至2025年5月26日，该行已在南卡罗来纳、北卡罗来纳、佐治亚、佛罗里达、阿拉巴马、弗吉尼亚、科罗拉多、得克萨斯八州设有371家营业网点，为当地客户提供各类银行金融服务。
CWH vs SSB — 直观对比
营收规模更大
CWH
是对方的1.8倍
$661.7M
净利率更高
SSB
高出43.4%
-9.3%
两年增速更快
SSB
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $661.7M |
| 净利润 | $-109.1M | $225.8M |
| 毛利率 | 28.8% | — |
| 营业利润率 | -4.3% | 15.1% |
| 净利率 | -9.3% | 34.1% |
| 营收同比 | -2.6% | — |
| 净利润同比 | -83.3% | 153.5% |
| 每股收益（稀释后） | — | $2.28 |
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CWHSSB
| Q1 26 | — | $661.7M | ||
| Q4 25 | $1.2B | $581.1M | ||
| Q3 25 | $1.8B | $599.7M | ||
| Q2 25 | $2.0B | $577.9M | ||
| Q1 25 | $1.4B | $544.5M | ||
| Q4 24 | $1.2B | $369.8M | ||
| Q3 24 | $1.7B | $351.5M | ||
| Q2 24 | $1.8B | $350.3M |
净利润CWHSSB
| Q1 26 | — | $225.8M | ||
| Q4 25 | $-109.1M | $247.7M | ||
| Q3 25 | $-40.4M | $246.6M | ||
| Q2 25 | $30.2M | $215.2M | ||
| Q1 25 | $-12.3M | $89.1M | ||
| Q4 24 | $-59.5M | $144.2M | ||
| Q3 24 | $5.5M | $143.2M | ||
| Q2 24 | $9.8M | $132.4M |
毛利率CWHSSB
| 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CWHSSB
| Q1 26 | — | 15.1% | ||
| Q4 25 | -4.3% | 54.3% | ||
| Q3 25 | 4.4% | 53.6% | ||
| Q2 25 | 6.6% | 48.8% | ||
| Q1 25 | 1.5% | 22.3% | ||
| Q4 24 | -1.3% | 50.7% | ||
| Q3 24 | 3.7% | 53.1% | ||
| Q2 24 | 5.3% | 49.3% |
净利率CWHSSB
| Q1 26 | — | 34.1% | ||
| Q4 25 | -9.3% | 42.6% | ||
| Q3 25 | -2.2% | 41.1% | ||
| Q2 25 | 1.5% | 37.2% | ||
| Q1 25 | -0.9% | 16.4% | ||
| Q4 24 | -4.9% | 39.0% | ||
| Q3 24 | 0.3% | 40.7% | ||
| Q2 24 | 0.5% | 37.8% |
每股收益（稀释后）CWHSSB
| Q1 26 | — | $2.28 | ||
| Q4 25 | — | $2.47 | ||
| Q3 25 | — | $2.42 | ||
| Q2 25 | — | $2.11 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | — | $1.88 | ||
| Q3 24 | — | $1.86 | ||
| Q2 24 | — | $1.73 |
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 | $2.9B |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $228.6M | $9.0B |
| 总资产 | $5.0B | $68.0B |
| 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CWHSSB
| Q1 26 | — | $2.9B | ||
| Q4 25 | $215.0M | — | ||
| Q3 25 | $230.5M | — | ||
| Q2 25 | $118.1M | — | ||
| Q1 25 | $20.9M | — | ||
| Q4 24 | $208.4M | — | ||
| Q3 24 | $28.4M | — | ||
| Q2 24 | $23.7M | — |
总债务CWHSSB
| Q1 26 | — | — | ||
| 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 | — |
股东权益CWHSSB
| Q1 26 | — | $9.0B | ||
| Q4 25 | $228.6M | $9.1B | ||
| Q3 25 | $296.2M | $9.0B | ||
| Q2 25 | $340.5M | $8.8B | ||
| Q1 25 | $310.5M | $8.6B | ||
| Q4 24 | $326.6M | $5.9B | ||
| Q3 24 | $151.6M | $5.9B | ||
| Q2 24 | $149.7M | $5.7B |
总资产CWHSSB
| Q1 26 | — | $68.0B | ||
| Q4 25 | $5.0B | $67.2B | ||
| Q3 25 | $5.0B | $66.0B | ||
| Q2 25 | $5.2B | $65.9B | ||
| Q1 25 | $5.1B | $65.1B | ||
| Q4 24 | $4.9B | $46.4B | ||
| Q3 24 | $4.7B | $46.1B | ||
| Q2 24 | $5.0B | $45.5B |
负债/权益比CWHSSB
| Q1 26 | — | — | ||
| 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× | — |
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CWHSSB
| Q1 26 | — | — | ||
| Q4 25 | $-227.2M | $232.1M | ||
| Q3 25 | $139.8M | $122.4M | ||
| Q2 25 | $187.9M | $72.6M | ||
| Q1 25 | $-232.5M | $-126.3M | ||
| Q4 24 | $-163.4M | $354.3M | ||
| Q3 24 | $324.2M | $-246.8M | ||
| Q2 24 | $152.3M | $126.8M |
自由现金流CWHSSB
| Q1 26 | — | — | ||
| Q4 25 | — | $215.5M | ||
| Q3 25 | — | $101.7M | ||
| Q2 25 | — | $52.5M | ||
| Q1 25 | — | $-139.1M | ||
| Q4 24 | — | $340.9M | ||
| Q3 24 | — | $-254.2M | ||
| Q2 24 | — | $117.3M |
自由现金流率CWHSSB
| Q1 26 | — | — | ||
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -25.5% | ||
| Q4 24 | — | 92.2% | ||
| Q3 24 | — | -72.3% | ||
| Q2 24 | — | 33.5% |
资本支出强度CWHSSB
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.7% |
现金转化率CWHSSB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | 6.22× | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | 58.93× | -1.72× | ||
| Q2 24 | 15.59× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
