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Camping World Holdings, Inc., together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates through two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry. It also offers extended vehicle service contracts; vehicle roadside assistance plans; property and casualty insurance; travel protection, travel planning, and directories; and publications, as well as operates the Coast to Coast Resorts and Good Sam Campgrounds. In addition, the company provides new and used RVs; vehicle financing; RV repair and maintenance services; protection plans and services; various RV parts, equipment, supplies, and accessories, which include towing and hitching products, satellite and GPS systems, electrical and lighting products, appliances and furniture, and other products; and collision repair services comprising fiberglass front and rear cap replacement, windshield replacement, interior remodel solutions, and paint and body work. Further, it offers co-branded credit cards; operates Good Sam Club, a membership organization that offers savings on a range of products and services; and facilitates an RV rental platform that connects travelers with RV owners. The company serves customers through dealerships and service centers, and online and e-commerce platforms. Camping World Holdings, Inc. was founded in 1966 and is headquartered in Lincolnshire, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.4B | $414M | $-90M | $-384M | -24.2% | 4.4% | - |
| 2024 | $6.1B | $226M | $-39M | $145M | -8.0% | -2.0% | -215.8% |
| 2023 | $6.2B | $336M | $33M | $110M | 12.9% | -10.6% | -73.0% |
| 2022 | $7.0B | $648M | $124M | $-22M | 50.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 6,967.01 | 6,226.55 | 6,099.97 | 6,369.15 |
| Cost Of Revenue | 4,704.73 | 4,347.90 | 4,274.48 | 4,492 |
| Gross Profit | 2,262.28 | 1,878.65 | 1,825.50 | 1,877.15 |
| Operating Expense | 1,687.29 | 1,607.63 | 1,654.31 | 1,698.56 |
| Operating Income | 575 | 271.02 | 171.19 | 178.59 |
| EBITDA | 648.20 | 336.39 | 226.50 | 414.12 |
| EBIT | 567.89 | 267.75 | 145.31 | 318.78 |
| Pretax Income | 450.12 | 49.40 | -90.26 | 120.16 |
| Tax Provision | 112.28 | -3.53 | -11.38 | 225.80 |
| Net Income | 123.75 | 33.37 | -38.64 | -89.80 |
| Net Income Common Stockholders | 123.75 | 33.37 | -38.64 | -89.80 |
| Total Expenses | 6,392.02 | 5,955.53 | 5,928.78 | 6,190.55 |
| Interest Expense | 117.78 | 218.34 | 235.56 | 198.62 |
| Selling General And Administration | 1,606.98 | 1,538.99 | 1,573.12 | 1,603.22 |
| Normalized EBITDA | 654.66 | 340.33 | 249.12 | 412.51 |
| Normalized Income | 128.60 | 36.49 | -18.87 | -91.07 |
| Basic EPS | 3.23 | 0.70 | -0.80 | 0 |
| Diluted EPS | 3.22 | 0.55 | -0.80 | 0 |
| Tax Effect Of Unusual Items | -1.61 | -0.83 | -2.85 | 0.34 |
| Tax Rate For Calcs | 0.25 | 0.21 | 0.13 | 0.21 |
| Total Unusual Items | -6.47 | -3.94 | -22.62 | 1.61 |
| Total Unusual Items Excluding Goodwill | -6.47 | -3.94 | -22.62 | 1.61 |
| Net Income From Continuing Operation Net Minority Interest | 123.75 | 33.37 | -38.64 | -89.80 |
| Reconciled Depreciation | 80.30 | 68.64 | 81.19 | 95.33 |
| Reconciled Cost Of Revenue | 4,704.73 | 4,347.90 | 4,274.48 | 4,492 |
| Net Interest Income | -117.78 | -218.34 | -235.56 | -198.62 |
| Net Income From Continuing And Discontinued Operation | 123.75 | 33.37 | -38.64 | -89.80 |
| Total Operating Income As Reported | 568.53 | 267.07 | 148.57 | 180.20 |
| Diluted Average Shares | 42.85 | 84.97 | 48.01 | 0 |
| Basic Average Shares | 42.39 | 44.63 | 48.01 | 0 |
| Diluted NI Availto Com Stockholders | 124.69 | 48.76 | -38.64 | -89.80 |
| Average Dilution Earnings | 0.94 | 15.39 | 0 | 0 |
| Minority Interests | -214.08 | -19.56 | 40.24 | 15.84 |
| Net Income Including Noncontrolling Interests | 337.83 | 52.93 | -78.88 | -105.64 |
| Net Income Continuous Operations | 337.83 | 52.93 | -78.88 | -105.64 |
| Other Income Expense | -7.11 | -3.27 | -25.88 | 140.19 |
| Other Non Operating Income Expenses | -0.64 | 0.67 | -3.26 | 138.58 |
| Special Income Charges | -6.47 | -3.94 | -22.62 | 1.61 |
| Gain On Sale Of Ppe | -0.62 | 5.22 | -9.86 | 0.85 |
| Other Special Charges | 1.61 | -0.10 | -2.30 | -2 |
| Impairment Of Capital Assets | 4.23 | 9.27 | 15.06 | 1.24 |
| Net Non Operating Interest Income Expense | -117.78 | -218.34 | -235.56 | -198.62 |
| Interest Expense Non Operating | 117.78 | 218.34 | 235.56 | 198.62 |
| Depreciation Amortization Depletion Income Statement | 80.30 | 68.64 | 81.19 | 95.33 |
| Depreciation And Amortization In Income Statement | 80.30 | 68.64 | 81.19 | 95.33 |
| Operating Revenue | 6,967.01 | 6,226.55 | 6,099.97 | 6,369.15 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Camping World Holdings, Inc.this co. | CWH | $440M | - | 1.92 | -24.2% | 16.12 |
| Malibu Boats, Inc. | MBUU | $469M | 34.08 | 0.95 | 2.9% | 7.47 |
| Build-A-Bear Workshop, Inc. | BBW | $462M | 9.20 | 2.98 | 33.7% | 6.97 |
| Caleres, Inc. | CAL | $444M | - | 0.74 | -1.1% | 12.49 |
| Envela Corporation | ELA | $444M |
| 30.52 |
| 6.62 |
| 21.8% |
| 22.30 |
| Portillo's Inc. | PTLO | $427M | 21.93 | 0.91 | 3.9% | 13.72 |
| Zumiez Inc. | ZUMZ | $413M | 30.72 | 1.13 | 4.1% | 10.22 |
| Nathan's Famous, Inc. | NATH | $411M | 19.30 | -26.92 | -145.5% | 13.43 |
| El Pollo Loco Holdings, Inc. | LOCO | $407M | 15.10 | 1.40 | 9.1% | 10.41 |
| Peer Median | - | 21.93 | 1.04 | 4.0% | 11.45 | |