CWH
Camping World Holdings, Inc.
CWH offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
RIVN
Rivian Automotive, Inc.
RIVN has the edge over CWH overall, supported by stronger fundamentals 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.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
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.
RIVN PE Valuation
RIVN has no meaningful PE right now: it lost money over the past year.
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.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RIVN has the edge over CWH on the outlook, with more favorable revenue and profitability expectations.
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.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN has the edge over CWH on earnings, with more consistent year-over-year improvement.
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 has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN has the edge over CWH on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
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 RIVN on cash generation, producing positive trailing cash flow while its opponent burns cash.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M the year before.
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 |
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has the edge over CWH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (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.
RIVN PE vs Consumer Cyclical Sector
RIVN 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.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% 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.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has the edge over CWH on returns for 2026, with the stronger performance.