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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.4B
-$16M
29.8%
1.6%
—
$1.4B
$200M
Dec '25
$1.2B
-$67M
28.8%
-4.3%
—
$1.5B
$215M
Sep '25
$1.8B
-$40M
28.6%
4.4%
—
$1.5B
$231M
Jun '25
$2.0B
$30M
30.0%
6.6%
—
$1.5B
$118M
Mar '25
$1.4B
-$12M
30.4%
1.5%
—
$1.5B
$21M
Dec '24
$1.2B
-$32M
31.3%
-1.3%
—
$1.5B
$208M
Sep '24
$1.7B
$6M
28.9%
3.7%
—
$1.5B
$28M
Jun '24
$1.8B
$10M
30.3%
5.3%
—
$1.5B
$24M
Mar '24
$1.4B
-$22M
29.5%
0.3%
—
$1.6B
$30M
Dec '23
$1.1B
-$14M
31.0%
-1.1%
—
$1.5B
$40M
Sep '23
$1.7B
$16M
30.2%
5.1%
—
$1.5B
$53M
Jun '23
$1.9B
$29M
30.0%
7.0%
—
$1.5B
$54M
Mar '23
$1.5B
$3M
29.7%
3.9%
—
$1.6B
$73M
Dec '22
$1.3B
-$33M
30.6%
0.8%
—
$1.5B
$130M
Sep '22
$1.9B
$41M
32.0%
8.4%
—
$1.4B
$148M
Jun '22
$2.2B
$84M
33.1%
11.7%
—
$1.4B
$134M
Mar '22
$1.7B
$45M
33.7%
9.0%
—
$1.4B
$139M
Dec '21
$1.4B
$27M
35.2%
6.0%
—
$1.4B
$267M
Sep '21
$1.9B
$80M
36.1%
12.7%
—
$1.1B
$133M
Jun '21
$2.1B
$109M
36.9%
14.8%
—
$1.1B
$192M
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.
The price-to-earnings ratio has risen from 2.6× (Mar '23) to 19.6× (Nov '24).
The price-to-sales ratio has fallen from 0.1× (Mar '23) to 0.0× (Jun '26).
The dividend yield has fallen from 11.9% (Mar '23) to 10.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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.