Camping World

CWH Consumer Cyclical Auto & Truck Dealerships

Camping World’s revenue for fiscal 2025 (year ended December 2025) was $6.4 billion, up 4.41% from fiscal 2024.

Revenue
−12.4%
EPS
−12.5%
Free cash flow
+55.5%
Total debt
−98.5%

Quarter to September 2026, against a year earlier

5.05 0.37 −6.83%
Market cap
$527.1M
P/E
0.0×
Fwd P/E
−114×
Dividend yield
2.48%
F-score
2/9
Altman Z
1.57
Beneish M
−2.17
Dividend safety
0/100

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 6.97%

Capital & Financial Ratios $m

Size
Market Cap 527.12
Revenue ttm 6,045.11
Net income ttm (412.16)
Free cash flow ttm 260.79
Net debt Q (239.89)
Valuation
P/E 0.00
Forward P/E (114.00) (negative: loss-making)
Price / sales 0.05
Forward P/S Powerpack
Price / FCF 1.25
Price / book 3.92
Financial health
Current ratio Q 1.24
Debt / equity Q 0.29 (at or below 0.5: strong)
Interest coverage Q 1.96
Growth
Revenue growth Q −12.36% (below 0%: shrinking)
Operating income growth Q −445.89% (below 0%: shrinking)
EPS, this year −229.79% (below 0%: weak)
EPS, next year A +187.42% (at or above 15%: strong)
Revenue, next year A −4.54% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +57.72% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 1.93%
10-year low 10-year high
P/B against its own 10 years 32.45%
10-year low 10-year high
EV/Sales against its own 10 years 1.38%
10-year low 10-year high
EV/FCF against its own 10 years 29.57%
10-year low 10-year high

Dividends

Yield
2.48%
Annual rate
0.13
Payout ratio
—
Growth, 2017–25
+25.7%/yr
  1. 0.08 ’17
  2. 0.08 ’18 +0
  3. 0.24 ’19 +200
  4. 0.17 ’20 −29
  5. 1.25 ’21 +635
  6. 2.50 ’22 +100
  7. 1.50 ’23 −40
  8. 0.50 ’24 −67
  9. 0.50 ’25 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 40 208 215 264
Receivables 128 120 170 146
Inventory 2,043 1,822 2,112 1,769
Other 90 63 54 —
2,349 2,271 2,618 2,319
2023 2024 2025 Q'26
Payables 134 145 148 187
ST’ Debt 22 23 58 24
Other 99 71 81 —
1,948 1,681 2,183 1,875

Compound Annual Growth %

10y 5y 3y
Sales 6.87% 3.18% (2.95%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 14.50%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.26) 0.42 — — —
’25 (0.21) 0.48 (0.64) (1.07) (1.43)
’24 (0.51) 0.22 0.09 (0.56) (0.80)
’23 0.05 0.64 0.32 (0.46) 0.57
’22 1.02 2.01 0.97 (0.79) 2.91
’21 1.40 2.33 1.72 0.54 6.07
’20 (0.22) 1.54 1.44 0.34 3.09
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,355 1,934 1,583 — —
’25 1,414 1,976 1,806 1,174 6,369
’24 1,364 1,807 1,725 1,204 6,100
’23 1,487 1,901 1,730 1,109 6,227
’22 1,662 2,169 1,856 1,280 6,967
’21 1,558 2,062 1,917 1,378 6,914
’20 1,027 1,607 1,679 1,134 5,447
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (66) 399 155 — —
’25 (232) 188 140 (227) (132)
’24 (68) 152 324 (163) 245
’23 199 29 315 (232) 311
’22 (210) 394 340 (334) 190
’21 88 372 112 (418) 154
’20 (15) 531 413 (181) 748
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (49) 384 155 — —
’25 (297) 143 100 (192) (246)
’24 (69) 140 322 (184) 209
’23 179 (5) 246 (265) 154
’22 (259) 353 277 (384) (13)
’21 52 313 58 (517) (94)
’20 (24) 526 412 (243) 672
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,516 4,280 4,792 4,892 5,447 6,914 6,967 6,227 6,100 6,369 6,045 +6.8% 6,080 6,414 6,580 +1.1%
Gross margin, % 28.26 28.99 28.44 26.32 31.26 35.53 32.47 30.17 29.93 29.47 28.36 +1.2 pt
EBT 204 386 96 (91) 402 734 450 49 (90) 120 (406) (5.7%)
EBT margin, % 5.81 9.01 2.01 (1.85) 7.38 10.62 6.46 0.79 (1.48) 1.89 (6.72) (3.9) pt
Net income 198 231 66 (120) 344 642 338 53 (79) (106) (412) n/m
Per share, $
Per share, $ Revenue 187.38 160.76 129.57 131.12 138.30 153.61 164.37 139.53 127.07 101.54 0.00 (6.6%)
Earnings 10.58 1.12 0.28 (1.62) 3.11 6.19 2.92 0.75 (0.80) (1.43) (1.55) n/m
Cash flow 11.50 (0.61) 3.69 6.75 18.98 3.42 4.48 6.96 5.11 (2.10) 0.00 n/m
Capex (1.98) (2.84) (5.23) (1.50) (1.93) (5.50) (4.78) (3.51) (0.75) (1.83) (0.05) (0.9%)
Free cash flow 9.52 (3.45) (1.55) 5.25 17.06 (2.08) (0.30) 3.46 4.36 (3.93) 0.00 n/m
Book value (7.68) 2.70 0.89 (4.27) (0.23) 5.20 5.84 5.78 10.10 5.93 0.00 n/m
Shares, m 19 27 37 37 39 45 42 45 48 63 63 +14.3%
Valuation, ×
Valuation, × P/E 31.30 1,138.75 27.98 0.00 8.35 6.56 6.82 37.24 0.00 0.00 0.00 125.7
P/S 0.67 0.28 0.09 0.11 0.19 0.26 0.13 0.19 0.17 0.10 0.05 0.2
P/B 0.00 16.90 12.89 0.00 0.00 7.77 3.78 4.57 2.09 1.64 3.92 5.0
EV/Sales 0.82 0.45 0.31 0.33 0.38 0.44 0.35 0.45 0.40 0.31 0.26 0.4
EV/FCF 16.11 (21.10) (26.07) 8.29 3.04 (32.46) (191.21) 18.02 11.71 (8.08) 6.14 (22.2)
Cash, $m
Cash, $m Operating cash flow 216 (16) 136 252 748 154 190 311 245 (132) 261 n/m
Capex (37) (75) (193) (56) (76) (248) (203) (157) (36) (115) (3) +13.3%
Free cash flow 179 (92) (57) 196 672 (94) (13) 154 209 (246) 261 n/m
Balance, $m
Balance, $m Working capital 258 476 583 395 459 686 611 401 590 435 444 +6.0%
Net debt 513 693 1,066 1,061 1,017 1,222 1,495 1,600 1,439 1,382 (240) +11.6%
Shareholders’ equity (144) 72 33 (159) (9) 234 248 258 485 372 82 n/m
Returns, %
Returns, % ROA 13.52 1.48 0.39 (1.96) 3.69 7.30 2.70 0.69 (0.79) (1.81) (5.39) (15.3) pt
ROIC 46.80 29.10 11.43 0.61 29.52 34.33 20.39 8.98 4.83 6.42 0.00 (40.4) pt
ROE (86.05) (82.50) 19.87 95.93 (145.25) 247.89 51.39 13.20 (10.40) (20.96) (89.86) +65.1 pt
People
People Employees 7,511 10,576 12,946 12,207 11,947 13,084 13,411 12,656 13,060 11,427 — +4.8%
Revenue/emp, $m 0.47 0.40 0.37 0.40 0.46 0.53 0.52 0.49 0.47 0.56 — +2.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Camping World vs peers in Auto & Truck Dealerships (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GPI Group 1 Automotive, Inc. $3.2B 8.4× 7.1× −6.68% (below 0%: shrinking) +772.03% (above 0%: growing) +180.76% (above 0%: growing) 15.84% 3.72% Compare
BGSI Boyd Group Services Inc. $2.5B 134× — +28.05% (above 0%: growing) n/m +102.28% (above 0%: growing) 46.52% 2.03% Compare
DRVN Driven Brands Holdings Inc. $2.0B 12.0× 13.2× +6.78% (above 0%: growing) −36.36% (below 0%: shrinking) −82.95% (below 0%: shrinking) 44.32% 14.40% Compare
SAH Sonic Automotive, Inc. $2.0B 9.9× 9.4× +0.38% (above 0%: growing) −5.11% (below 0%: shrinking) −109.44% (below 0%: shrinking) 15.48% 2.82% Compare
CWH Camping World $527.1M — (loss-making) — (loss-making) −12.36% (below 0%: shrinking) −12.50% (below 0%: shrinking) +55.52% (above 0%: growing) 27.43% (17.29%)
RDNW RideNow Group, Inc. $209.5M — (loss-making) — (loss-making) −1.03% (below 0%: shrinking) n/m −122.35% (below 0%: shrinking) 28.57% 6.03% Compare
UXIN Uxin Limited Sponsored ADR $164.9M — (loss-making) — (loss-making) +84.64% (above 0%: growing) n/m −2,739.95% (below 0%: shrinking) (0.75%) (13.20%) Compare
KXIN Kaixin Holdings $115.9M — (loss-making) — (loss-making) +824.77% (above 0%: growing) +98.97% (above 0%: growing) −234.02% (below 0%: shrinking) 1.00% 0.00% Compare
DSC DSC Holdings Ltd. - Sponsored ADR $91.5M — — — n/m — 35.32% (145.78%) Compare
Median of peers $1.1B 10.9× 9.4× +6.78% +46.93% −109.44% 22.21% 2.43%

All 25 Auto & Truck Dealerships stocks →

Pay and ownership Proxy statement filed 9 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 30.40m 13.81m 47.75
2024 13.41k 13.41k 99.99
2023 11.24k 11.24k 121.85
2022 11.19k 11.19k 97.40
2021 20.01m 20.01m 161.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

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stockrow.com/CWH · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com