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CWH Financials Camping World Holdings, Inc.

11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 3.2% per year over the past 5 years.
  • Operating margin has contracted, at 2.8% in the latest year.

Financial health

  • Total debt ($1.5B) exceeds cash ($215M); net debt is $1.3B.
  • Total debt has grown in line with revenue (5.3% vs 3.2% per year).
  • Total debt is 5.3× EBITDA.

Shareholder returns

  • Dividends have been paid for 10 consecutive years.
  • The dividend has declined 12.4% per year over the past 5 years.
Revenue & net income
-$106M $3B $7B $0 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-2% 17% 36% 0% 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$118M $272M $663M $0 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $761M $2B 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$603M $72M $748M $0 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $6.4B -$106M 29.5% 2.8% $1.5B $215M
2024 $6.1B -$79M 29.9% 2.4% $1.5B $208M
2023 $6.2B $53M 30.2% 4.3% $1.5B $40M
2022 $7.0B $338M 32.5% 8.2% -$21M $1.5B $130M
2021 $6.9B $645M 35.5% 11.6% -$94M $1.4B $267M
2020 $5.4B $122M 31.3% 8.7% $663M $1.1B $166M
2019 $4.9B -$61M 26.3% 0.2% $164M $1.2B $148M
2018 $4.8B $10M 28.4% 4.2% -$118M $1.2B $139M
2017 $4.3B $30M 29.0% 8.3% -$97M $937M $224M
2016 $189M $159M $645M $114M
2015 $174M $92M

Valuation over time

How the market has priced CWH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 11.2 22.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.1 0.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 7.3 14.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is CWH growing its revenue and profit?

Over the past 5 years, Camping World Holdings, Inc.'s revenue has grown 3.2% per year. These are computed facts, not advice.

How much debt does CWH have?

As of FY2025, Camping World Holdings, Inc. reported $1.5B of total debt against $215M of cash.

What is CWH's profit margin?

In FY2025, gross margin was 29.5%, operating margin 2.8%, and net margin -1.7%.

What is CWH's P/E ratio?

As of Jun '26, Camping World Holdings, Inc. traded at a price-to-earnings ratio of about 19.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.