CWH
Camping World Holdings, Inc.
CWH lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover, though they disagree widely on how much.
CWH Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Stable | |
| Weak |
CWH's cash flow is currently stable, but its revenue, profitability and balance sheet are under pressure.
CWH PE Valuation
CWH has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 37x next year's earnings.
CWH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Decline | |
| Weakening | |
| Limited | |
| Low |
Analysts expect CWH to return to profit, with revenue declining. However, they disagree widely on these estimates.
CWH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.12 | — |
| Q3 2026 | -$4.00 | -$3.07 |
| Q2 2026 | -$1.55 | -$1.35 |
| Q1 2026 | -$1.49 | -$1.03 |
| Q4 2025 | -$1.44 | -$0.68 |
| Q3 2025 | -$0.93 | -$0.24 |
| Q2 2025 | -$0.20 | +$0.26 |
| Q1 2025 | -$0.46 | -$0.42 |
| Q4 2024 | -$0.76 | -246% |
CWH lost $4.00 per share over the past year, and its loss has widened in each of the last five quarters.
CWH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | -12% |
| Q2 2026 | $1.9B | -2.1% |
| Q1 2026 | $1.4B | -4.2% |
| Q4 2025 | $1.2B | -2.6% |
| Q3 2025 | $1.8B | +4.7% |
| Q2 2025 | $2B | +9.4% |
| Q1 2025 | $1.4B | +3.6% |
| Q4 2024 | $1.2B | +8.6% |
CWH's revenue has slid since its 2022 peak: $1.6B last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -17% | -22 points |
| Q2 2026 | 5.3% | -1.3 points |
| Q1 2026 | 1.6% | +0.2 points |
| Q4 2025 | -4.5% | -3.2 points |
| Q3 2025 | 4.4% | +0.6 points |
| Q2 2025 | 6.6% | +1.3 points |
| Q1 2025 | 1.5% | +1.2 points |
| Q4 2024 | -1.3% | -0.2 points |
CWH's operating margin was −17% last quarter, down 22 points from the same quarter a year ago, near the bottom of its range since 2019.
CWH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $154.8M | +182% |
| Q2 2026 | $369.2M | +168% |
| Q1 2026 | -$101.6M | +$203M |
| Q4 2025 | -$272.5M | -$78.1M |
| Q3 2025 | $54.9M | -82% |
| Q2 2025 | $137.9M | +6.3% |
| Q1 2025 | -$304.6M | -$209.3M |
| Q4 2024 | -$194.4M | +$76.6M |
CWH's free cash flow has turned positive after four years mostly in the red: $150M over the past year.
CWH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +61% | +39.2M shares |
| 1 year | +65% | +40.6M shares |
| 3 years | +21% | +18.2M shares |
| 5 years | +120% | +56.3M shares |
| Available history | +177% | +66M shares |
CWH has 103M diluted shares, up 65% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $2.4M |
CWH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 7.2x | High |
| Q1 2026 | 7.4x | High |
| Q4 2025 | 7.4x | High |
| Q3 2025 | 6.2x | High |
| Q2 2025 | 12.3x | High |
| Q1 2025 | 14.2x | High |
| Q4 2024 | 13.5x | High |
| Q3 2024 | 14.2x | High |
CWH's net debt is about 7.2 years of its operating earnings (EBITDA), down from 12 years a year ago.
CWH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 21.9 | Neutral |
CWH's weekly RSI is 35 (neutral) and its Stochastic is 22 (neutral).
CWH PE vs Consumer Cyclical Sector
| Metric | CWH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
CWH has no meaningful PE right now: it lost money over the past year.
CWH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.70 | 7.7% below |
| 20 week MA | $5.68 | 24% below |
| 50 week MA | $7.71 | 44% below |
| 100 week MA | $12.3 | 65% below |
| 200 week MA | $17.9 | 76% below |
CWH is in a downtrend: it's below all five of its weekly moving averages, and 76% below its 200-week average.
CWH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.5 | $29.2 | +101% |
| 2021 | $29.2 | $39.6 | +36% |
| 2022 | $39.6 | $22.1 | -44% |
| 2023 | $22.1 | $26.3 | +19% |
| 2024 | $26.3 | $20.8 | -21% |
| 2025 | $20.8 | $10.2 | -51% |
| 2026 YTD | $10.2 | $4.34 | -57% |
CWH's yearly returns have swung widely, from +101% in 2020 to −51% in 2025. It's down 57% so far in 2026.