CWH
Camping World Holdings, Inc.
CWH offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
NKE
NIKE, Inc.
NKE has the edge over CWH overall, supported by stronger valuation and lower modeled downside.
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.
NKE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Strong |
NKE's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
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.
NKE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $37.76 | — |
| Cheap | 23x | $47.70 | +26% |
| Forward | 30x | $37.76 | — |
| Fair | 33x | $68.16 | +80% |
| Expensive | 47x | $97.86 | +159% |
Historical ranges are pointers, not guarantees.
NKE's PE is in its cheap range at 18x. On analysts' estimates for next year's earnings, today's price would be 30x, in its fair range.
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.
NKE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Decline | |
| Improving | |
| Moderate | |
| Low |
Analysts expect NKE's profitability to improve, but its revenue to decline. 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.
NKE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | -39% |
| Q3 2026 | $2.09 | +7.2% |
| Q2 2026 | $2.10 | -2.8% |
| Q1 2026 | $1.51 | -50% |
| Q4 2025 | $1.70 | -48% |
| Q3 2025 | $1.95 | -44% |
| Q2 2025 | $2.16 | -42% |
| Q1 2025 | $3.01 | -11% |
| Q4 2024 | $3.24 | -5.3% |
NKE has the edge over CWH on earnings quality, reporting a profit while its opponent remains loss making.
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 has the edge over NKE on sales, with more consistent year-over-year improvement.
| 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.
NKE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11.2B | -4.3% |
| Q2 2026 | $11B | -1.1% |
| Q1 2026 | $11.3B | +0.1% |
| Q4 2025 | $12.4B | +0.6% |
| Q3 2025 | $11.7B | +1.1% |
| Q2 2025 | $11.1B | -12% |
| Q1 2025 | $11.3B | -9.3% |
| Q4 2024 | $12.4B | -7.7% |
NKE's revenue fell from its 2023 peak and has held roughly level since: $11.2B last quarter, down 4.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +0.3 points |
| Q2 2026 | 12% | +9.2 points |
| Q1 2026 | 5.8% | -1.7 points |
| Q4 2025 | 8% | -3.4 points |
| Q3 2025 | 7.9% | -3.4 points |
| Q2 2025 | 2.9% | -11 points |
| Q1 2025 | 7.5% | -3.8 points |
| Q4 2024 | 11% | -2.9 points |
NKE has the edge over CWH on profitability, with a higher operating margin.
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 has the edge over NKE on cash flow, with more consistent year-over-year improvement.
NKE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$64M | -527% |
| Q2 2026 | $1.5B | +313% |
| Q1 2026 | $284M | -83% |
| Q4 2025 | $386M | -58% |
| Q3 2025 | $15M | -95% |
| Q2 2025 | $363M | -85% |
| Q1 2025 | $1.7B | -11% |
| Q4 2024 | $920M | -65% |
NKE usually generates cash, though not every quarter: the latest was −$64M, but it generated $2.1B 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 |
NKE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.2M shares |
| 1 year | +0.4% | +5.2M shares |
| 3 years | -3.8% | -59.1M shares |
| 5 years | -8.4% | -135M shares |
| Available history | -6.9% | -110M shares |
NKE has the edge over CWH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $20M |
| Q3 2025 | $126M |
| Q2 2025 | $199M |
| Q1 2025 | $506M |
| Q4 2024 | $1.1B |
NKE has spent almost nothing on buybacks in the past year.
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.
NKE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | 0.1x | Very low |
| Q2 2024 | -0.1x | Net Cash |
| Q1 2024 | -0.0x | Very low |
| Q4 2023 | 0.1x | Very low |
NKE has the edge over CWH on leverage, with a lower net debt burden relative to earnings.
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).
NKE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 57.5 | Neutral |
NKE's weekly RSI is 40 (neutral) and its Stochastic is 58 (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.
NKE PE vs Consumer Cyclical Sector
| Metric | NKE | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 0.3% above |
| PE % | 2 | 47 | 45 pts below |
NKE is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
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.
NKE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.7 | 2.8% above |
| 20 week MA | $39.2 | 3.6% below |
| 50 week MA | $48.0 | 21% below |
| 100 week MA | $58.4 | 35% below |
| 200 week MA | $79.2 | 52% below |
NKE has the edge over CWH on trend strength, trading above more of its moving averages.
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.
NKE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.6 | $141.6 | +39% |
| 2021 | $141.6 | $165.7 | +17% |
| 2022 | $165.7 | $116.3 | -30% |
| 2023 | $116.3 | $108.6 | -6.6% |
| 2024 | $108.6 | $76.4 | -30% |
| 2025 | $76.4 | $60.9 | -20% |
| 2026 YTD | $60.9 | $37.8 | -38% |
NKE has the edge over CWH on returns for 2026, with the stronger performance.