Camping World Holdings (CWH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Camping World Holdings

NYSE•Consumer Cyclical•Auto & Truck Dealerships

$6.09-0.09(-0.01%)Pre-market

Market Cap

$366.73M

P/S

0.1x

P/B

1.5x

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, as well as installation services; 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.

How this company scores

AverageMetricSide Score: 45/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability11/25

Growth7/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowLong cash runwayCash-backed earningsImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 226.1x5y range 3.8x – 226.1x

Currently above its 11-quarter median.

P/S · 0.1x5y range 0.1x – 0.3x

Currently below its 20-quarter median.

P/B · 1.5x5y range 1.5x – 12.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 38.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $366.73M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.27B
Q. Revenue: $1.93B
TTM EBITDA: $239.75M
TTM Op. Income: $143.03M
Q. Op. Income: $91.85M
TTM Net Income: $-97.28M
Q. Net Income: $26.86M
EPS: $0.42
Shares Out.: $63.67M

$6.27B in TTM revenue declined 0.8% YoY, reaching $1.93B last quarter. TTM EBITDA of $239.75M and TTM operating income of $143.03M show growth is flowing through to the bottom line. However, net income is negative at $97.28M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 3 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 27.8%
EBITDA Margin: 6.0%
Op. Margin: 4.7%
Net Margin: 1.4%

Op. margin of 4.7% is down 1.8% YoY — costs are rising relative to revenue. Net margin at 1.4% and gross margin of 27.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.1x
P/B Ratio: 1.5x

P/S of 0.1x and P/B of 1.5x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.86B
Cash: $224.07M
Long-Term Debt: $1.38B
Book Value: $245.70M
D/E Ratio: 5.6
Debt/EBITDA: 11.8

With $4.86B in assets and $1.38B in long-term debt, D/E is 5.6and book value is $245.70M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 29% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $398.77M
TTM Free Cash Flow: $101.84M
FCF Margin: 1.6%
FCF / Net Income: -1.0

TTM FCF of $101.84M on $398.77M in operating cash flow. The FCF / Net Income ratio of -1.0x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.