Camping World Holdings, Inc. (CWH)
Camping World Holdings, Inc., through its subsidiaries, functions as a leading retailer of recreational vehicles (RVs) and provides a comprehensive suite of related merchandise and support services. Its business activities are organized into two main divisions: Good Sam Services and Plans, and RV and Outdoor Retail. Under the Good Sam brand, the company offers an extensive range of services, protective coverage plans, and valuable resources for the RV community. These include extended vehicle warranties, roadside assistance programs, property and casualty insurance options, and travel protection plans. It also hosts consumer events centered on RVs and outdoor pursuits, publishes a variety of monthly and annual RV-focused magazines, and oversees the "Coast to Coast Club." The RV and Outdoor Retail segment features the sale of both new and pre-owned RVs, alongside vehicle financing solutions. It delivers in-depth RV repair and maintenance services, as well as specialized collision repair encompassing tasks such as fiberglass cap replacement, windshield installation, interior refurbishment, and paintwork. Customers can also find a vast inventory of RV components, gear, and accessories, which includes towing equipment, navigation systems (GPS and satellite), electrical and lighting products, appliances, and furniture. Additionally, Camping World caters to outdoor enthusiasts by supplying equipment, apparel, and provisions for activities like camping, hunting, fishing, skiing, snowboarding, cycling, skateboarding, and various marine and watersports. The company also operates the Good Sam Club, a membership program that grants discounts on numerous products and services and provides co-branded credit cards. As of December 31, 2021, Camping World maintained a physical presence with approximately 187 retail locations distributed across 40 U.S. states. It engages with its customers through a blend of brick-and-mortar dealerships and advanced online and e-commerce channels. Founded in 1966, the company's corporate headquarters are located in Lincolnshire, Illinois.
Sector: Retail-Auto Dealers & Gasoline Stations
Industry: Auto - Dealerships
Camping World Holdings, Inc.
NYSE:CWHConsumer Cyclical · Auto - Dealerships
PrePre-market+0.71%$4.23
Close$4.20-7.28%
AH Close$4.20+0.71%since
Close$4.20-7.28%AH Close$4.20+0.71%since
Mkt Cap$268.08M
Float59.89M
O/S63.83M
Inst Own96.4%
SI19.2%
Div Yield2.98%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$6.37B
Net Income-$89.8M
Total Assets$5.04B
Free Cash Flow-$384.27M
Debt & Equity
Debt 95%
Equity 5%
Total Debt$4.08B
Total Equity$228.59M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CWH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.04B
Liabilities$4.67B
Accounts Receivable$171.91M
Accounts Payable$147.71M
Inventory$2.11B
PP&E (Net)$1.62B
Goodwill$749.32M
Intangible Assets$15.82M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $6.37B | $6.1B | $6.23B | $6.97B | $6.91B | $5.45B | $4.89B | $4.79B | $4.28B | $3.52B | $3.28B | $2.63B | $2.36B |
| YoY Growth | 4.4% | -2.0% | -10.6% | 0.8% | 26.9% | 11.3% | 2.1% | 12.0% | 21.7% | 7.2% | 24.4% | 11.8% | - |
| Cost of Revenue | $4.49B | $4.27B | $4.35B | $4.7B | $4.44B | $3.74B | $3.56B | $3.43B | $3.04B | $2.52B | $2.38B | $1.89B | $1.69B |
| Gross Profit | $1.88B | $1.83B | $1.88B | $2.26B | $2.47B | $1.7B | $1.33B | $1.36B | $1.24B | $993.73M | $899.03M | $746.2M | $662.66M |
| Gross Margin | 29.5% | 29.9% | 30.2% | 32.5% | 35.7% | 31.3% | 27.2% | 28.4% | 29.0% | 28.3% | 27.4% | 28.3% | 28.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.6B | $1.57B | $1.54B | $1.6B | $1.56B | $1.14B | $1.14B | $1.07B | $853.16M | $691.88M | $634.89M | $536.49M | $482.65M |
| Other | $95.33M | $107.18M | $76.55M | $93.8M | $108.88M | $87.56M | $183.2M | $92.56M | $31.8M | $25.35M | $23.86M | $24.63M | $22.99M |
| Total Operating Expenses | $1.7B | $1.68B | $1.61B | $1.69B | $1.67B | $1.23B | $1.32B | $1.16B | $884.96M | $717.23M | $658.75M | $561.12M | $505.64M |
| Operating Income (EBIT) | $178.59M | $148.57M | $267.07M | $568.53M | $799.54M | $476.19M | $8.75M | $201.01M | $355.95M | $276.5M | $240.27M | $185.08M | $157.02M |
| Operating Margin | 2.8% | 2.4% | 4.3% | 8.2% | 11.6% | 8.7% | 0.2% | 4.2% | 8.3% | 7.9% | 7.3% | 7.0% | 6.7% |
| Interest Expense | $76.79M | $235.56M | $218.34M | $117.78M | $61.02M | $74.38M | $109.47M | $101.64M | $70.65M | $67.17M | $64.63M | $57.44M | $84.71M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$58.44M | -$238.83M | -$217.67M | -$118.41M | -$65.34M | -$74.24M | -$99.47M | -$104.64M | $29.65M | -$69.53M | -$64.62M | -$59.31M | -$134.22M |
| Income Before Tax (EBT) | $120.16M | -$90.26M | $49.4M | $450.12M | $734.2M | $401.96M | -$90.72M | $96.37M | $389.96M | $209.14M | $179.89M | $125.77M | $22.8M |
| Income Tax Expense | $225.8M | -$11.38M | -$3.53M | $99.08M | $92.12M | $57.74M | $29.58M | $30.79M | $154.91M | $5.8M | $1.36M | $2.14M | $1.99M |
| Net Income | -$89.8M | -$38.64M | $33.37M | $136.95M | $278.46M | $122.34M | -$60.59M | $10.4M | $29.85M | $188.88M | $174.29M | $123.63M | $20.82M |
| Net Income Margin | -1.4% | -0.6% | 0.5% | 2.0% | 4.0% | 2.2% | -1.2% | 0.2% | 0.7% | 5.4% | 5.3% | 4.7% | 0.9% |
| Supplementary Data | |||||||||||||
| EPS | -1.43 | -0.80 | 0.75 | 3.23 | 6.19 | 3.11 | -1.62 | 0.28 | 1.12 | 0.11 | 10.19 | 7.23 | 1.13 |
| Diluted EPS | -1.43 | -0.80 | 0.57 | 3.22 | 6.07 | 3.09 | -1.62 | 0.28 | 1.12 | 0.09 | 2.12 | 1.51 | 1.13 |
| Weighted Average OS | 62.72M | 48.01M | 44.63M | 42.39M | 45.01M | 39.38M | 37.31M | 36.98M | 26.62M | 18.77M | 17.11M | 17.11M | 18.43M |
| EBITDA | $414.12M | $255.75M | $343.63M | $671.13M | $908.42M | $563.75M | $191.95M | $293.57M | $387.75M | $301.85M | $264.14M | $209.71M | $180.01M |
| EBITDA Margin | 6.5% | 4.2% | 5.5% | 9.6% | 13.1% | 10.4% | 3.9% | 6.1% | 9.1% | 8.6% | 8.1% | 8.0% | 7.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $215.04M | $208.42M | $39.65M | $130.13M | $267.33M | $166.07M | $147.52M | $138.56M | $224.16M | $114.2M | $92.03M | $110.71M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $215.04M | $208.42M | $39.65M | $130.13M | $267.33M | $166.07M | $147.52M | $138.56M | $224.16M | $114.2M | $92.03M | $110.71M |
| Accounts Receivable | $171.91M | $181.63M | $188.3M | $162.76M | $159.38M | $131.6M | $126.79M | $138.93M | $126.11M | $87.5M | $78.25M | $71.59M |
| Inventory | $2.11B | $1.82B | $2.04B | $2.12B | $1.79B | $1.14B | $1.36B | $1.56B | $1.42B | $909.25M | $868.94M | $676.81M |
| Other Current Assets | $119.42M | $59.4M | $78.22M | $0 | $0 | $60.21M | $57.83M | $0 | $0 | $0 | $0 | $1.23M |
| Total Current Assets | $2.62B | $2.27B | $2.35B | $2.48B | $2.28B | $1.49B | $1.69B | $1.89B | $1.8B | $1.13B | $1.06B | $877.88M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $1.62B | $1.59B | $1.57B | $1.5B | $1.35B | $1.14B | $1.12B | $359.86M | $198.02M | $130.76M | $149.72M | $201.81M |
| Goodwill | $749.32M | $734.02M | $711.22M | $622.42M | $483.63M | $413.12M | $386.94M | $359.12M | $348.39M | $153.1M | $112.94M | $61.05M |
| Intangible Assets | $15.82M | $19.47M | $13.72M | $20.95M | $30.97M | $30.12M | $29.71M | $35.28M | $38.71M | $3.39M | $1.65M | $2.44M |
| Long-Term Investments | $0 | $7.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.43M | $215.14M | $157.33M | $143.23M | $199.32M | $237.73M | $211.54M | $145.94M | $245.07M | $125.88M | $6.11M | $4.85M |
| Other Long-Term Assets | $36.45M | $29.69M | $39.83M | $29.3M | $24.93M | $15.87M | $17.29M | $18.33M | $21.9M | $17.93M | $15.39M | $15.12M |
| Total Long-Term Assets | $2.43B | $2.59B | $2.5B | $2.32B | $2.09B | $1.83B | $1.77B | $918.52M | $852.09M | $431.06M | $285.82M | $285.28M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.04B | $4.86B | $4.85B | $4.8B | $4.37B | $3.33B | $3.46B | $2.81B | $2.65B | $1.56B | $1.34B | $1.16B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $147.71M | $145.35M | $133.52M | $127.69M | $136.76M | $148.46M | $106.96M | $144.81M | $125.62M | $68.66M | $56.79M | $50.71M |
| Short-Term Debt | $1.66B | $1.18B | $1.39B | $1.42B | $1.03B | $599.27M | $920.73M | $898.98M | $984.35M | $632.86M | $650.51M | $463.25M |
| Current Income Tax Payable | $0 | $0 | $0 | $10.87M | $11.32M | $0 | $0 | $9.45M | $8.09M | $991K | $0 | $0 |
| Current Unearned Revenue | $90.46M | $92.12M | $92.37M | $95.69M | $95.47M | $88.21M | $87.09M | $88.05M | $77.67M | $68.64M | $63.62M | $61M |
| Other Current Liabilities | $123.3M | $113.55M | $195.86M | $114.75M | $146.47M | $155.78M | $149.43M | $138.51M | $96.78M | $73M | $39.68M | $31.33M |
| Total Current Liabilities | $2.18B | $1.68B | $1.95B | $1.87B | $1.6B | $1.04B | $1.3B | $1.31B | $1.32B | $865.94M | $863.1M | $647.65M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $1.41B | $1.49B | $1.52B | $1.51B | $1.4B | $1.14B | $1.19B | $1.19B | $907.44M | $620.3M | $673.3M | $580.97M |
| Long-Term Unearned Revenue | $56.77M | $63.64M | $66.78M | $70.25M | $69.02M | $61.52M | $58.08M | $67.16M | $64.06M | $52.21M | $52.15M | $46.65M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $5.98M | $0 | $72.02M | $81.83M | $124.76M | $129.6M | $18.19M | $0 | $0 |
| Other Long-Term Liabilities | $89.45M | $245.3M | $235.31M | $245.53M | $223.41M | $192.76M | $143.69M | $204.72M | $168.76M | $52.69M | $43.66M | $123.08M |
| Total Long-Term Liabilities | $2.49B | $2.7B | $2.68B | $2.68B | $2.54B | $2.3B | $2.32B | $1.47B | $1.15B | $726.04M | $769.87M | $752.22M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.67B | $4.38B | $4.63B | $4.55B | $4.14B | $3.34B | $3.62B | $2.77B | $2.47B | $1.59B | $1.63B | $1.4B |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $638K | $629K | $500K | $480K | $479K | $433K | $380K | $377K | $372K | $195K | $0 | $0 |
| Retained Earnings | $11.01M | $132.24M | $185.24M | $221.03M | $189.47M | -$21.81M | -$83.13M | -$3.37M | -$40.78M | $544K | -$288.95M | -$236.7M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$200.55M | -$161.81M | -$142.78M | -$138.55M | -$126.87M |
| Other Stockholders' Equity | $216.94M | $193.69M | -$61.16M | -$73.68M | -$31.89M | $48.16M | $50.15M | $47.53M | $186.44M | $74.24M | $0 | $0 |
| Total Equity | $228.59M | $326.56M | $124.58M | $147.83M | $158.06M | $26.77M | -$32.6M | $44.54M | $146.03M | $74.98M | -$288.95M | -$236.7M |
| Minority Interest | $143.21M | $158.39M | $89.62M | $99.86M | $75.84M | -$36.01M | -$126.63M | -$11.62M | $34.33M | -$103.19M | $0 | $0 |
| Total Liabilities and Equity | $4.9B | $4.7B | $4.76B | $4.7B | $4.3B | $3.36B | $3.58B | $2.82B | $2.62B | $1.67B | $1.34B | $1.16B |
| Supplementary Data | ||||||||||||
| Total Debt | $4.08B | $3.64B | $3.86B | $3.85B | $3.34B | $2.58B | $2.96B | $2.1B | $1.9B | $1.26B | $1.33B | $1.05B |
| Net Debt | $3.86B | $3.43B | $3.82B | $3.72B | $3.08B | $2.41B | $2.81B | $1.96B | $1.68B | $1.15B | $1.23B | $935.77M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$105.64M | -$78.88M | $52.93M | $337.83M | $642.08M | $344.21M | -$120.3M | $65.58M | $230.69M | $198.48M | $174.29M | $123.63M | $20.82M |
| Depreciation & Amortization | $95.33M | $81.19M | $68.64M | $80.3M | $66.42M | $51.98M | $59.93M | $49.32M | $31.55M | $24.7M | $24.1M | $24.6M | $21.18M |
| Deferred Income Tax | $64.76M | -$12.95M | -$16.65M | $56.39M | -$3.08M | $6.46M | $4.89M | $12.69M | $30.21M | $3.66M | -$181K | $1.18M | $973K |
| Stock-Based Compensation | $44.28M | $21.59M | $24.09M | $33.85M | $47.94M | $20.66M | $13.14M | $14.09M | $5.11M | $1.6M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$3.41M | $10.17M | -$23.96M | -$4.11M | -$28.8M | -$2.78M | $12.22M | -$16.55M | -$38.02M | -$10.93M | -$8.84M | -$7.72M | $2.54M |
| Inventory | -$222.85M | $228.02M | $200.94M | -$254.32M | -$629.83M | $239.33M | $216.11M | -$99.61M | -$342.78M | -$30.96M | -$108.9M | -$115.3M | -$92.91M |
| Accounts Payable | $0 | $0 | $0 | $0 | $52.69M | $39.85M | -$15.35M | $49.17M | $52.16M | $13.91M | $17.69M | $10.71M | -$245K |
| Other Working Capital | -$74.34M | -$71.7M | -$53.4M | -$120.3M | -$57.37M | -$27.71M | -$46.89M | $17.44M | $8.51M | $3.84M | $5.13M | $1.72M | $4.4M |
| Total Working Capital Change | -$300.6M | $166.49M | $123.59M | -$378.73M | -$663.3M | $248.69M | $166.09M | -$49.55M | -$320.14M | -$24.14M | -$94.92M | -$110.59M | -$86.21M |
| Other Non-Cash Items | $69.89M | $67.72M | $58.21M | $60.14M | $63.95M | $75.66M | $128.18M | $44.16M | $6.27M | $11.49M | $8.85M | $5.25M | $57.86M |
| Net Cash from Operating | -$131.99M | $245.16M | $310.81M | $189.78M | $154M | $747.67M | $251.93M | $136.29M | -$16.32M | $215.78M | $112.14M | $44.06M | $14.62M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$252.28M | -$100.44M | -$198.27M | -$210.59M | -$247.81M | -$84.92M | -$88.36M | -$254.36M | -$80.77M | -$56.94M | -$71.71M | -$41.38M | -$46.7M |
| Acquisitions | -$70.18M | -$52.37M | -$209.46M | -$217.03M | -$100.12M | -$47.57M | -$48.42M | -$99.24M | -$392.96M | -$78.61M | -$125.19M | -$10.62M | -$17.48M |
| Purchases of Investments | -$16.92M | $0 | -$3.44M | -$3M | -$7.98M | -$2.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $440K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $137.78M | $64.63M | $41.77M | $8.09M | $139K | $9.06M | $32.24M | $60.91M | $5.27M | $19.76M | $20.7M | $1.77M | $17.98M |
| Net Cash from Investing | -$201.16M | -$88.17M | -$369.41M | -$422.54M | -$355.77M | -$125.94M | -$104.54M | -$292.69M | -$468.45M | -$115.79M | -$176.2M | -$50.23M | -$46.2M |
| Financing Activities | |||||||||||||
| Debt Repaid | $58.48M | $53.88M | -$14.59M | -$143.31M | -$249.88M | $59.07M | -$151K | -$284.69M | -$289.98M | $102.05M | -$110.2M | -$95.46M | -$46.89M |
| Common Stock Issuance | $0 | $333.9M | $389K | $541K | $4.11M | $0 | $0 | $0 | $121.39M | $234.19M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$79.76M | -$156.26M | -$21.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$38.9M | -$43.43M | -$98.34M | -$268.35M | -$260.91M | -$198M | -$93.07M | -$124.45M | -$22.24M | -$1.51M | $0 | $0 | $0 |
| Other Financing Activities | -$7.62M | -$6.94M | -$7.8M | -$14.25M | -$21.74M | -$107K | -$1.52M | -$4M | -$152.88M | -$243.23M | -$232.22M | -$63.02M | -$75.81M |
| Net Cash from Financing | $339.77M | $11.79M | -$31.89M | $95.55M | $303.03M | -$603.18M | -$138.43M | $70.79M | $594.74M | -$77.82M | $45.37M | $80.37M | $48.12M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $6.62M | $168.78M | -$90.48M | -$137.2M | $101.26M | $18.55M | $8.96M | -$85.61M | $109.97M | $22.17M | -$18.68M | $74.2M | $16.55M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$131.99M | $245.16M | $310.81M | $189.78M | $154M | $747.67M | $251.93M | $136.29M | -$16.32M | $215.78M | $112.14M | $44.06M | $14.62M |
| Capital Expenditure | -$252.28M | -$100.58M | -$200.49M | -$211.48M | -$253.51M | -$85.1M | -$88.36M | -$254.36M | -$82.29M | -$56.94M | -$71.71M | -$41.41M | -$47.44M |
| Free Cash Flow | -$384.27M | $144.58M | $110.31M | -$21.69M | -$99.5M | $662.57M | $163.58M | -$118.07M | -$98.61M | $158.83M | $40.43M | $2.65M | -$32.82M |
| Cash at Beginning | $208.42M | $39.65M | $130.13M | $267.33M | $166.07M | $147.52M | $138.56M | $224.16M | $114.2M | $92.03M | $110.71M | $36.51M | $19.96M |
| Cash at End | $215.04M | $208.42M | $39.65M | $130.13M | $267.33M | $166.07M | $147.52M | $138.56M | $224.16M | $114.2M | $92.03M | $110.71M | $36.51M |