Company Analysis

Camping World Holdings, Inc. (CWH)

NYSE: CWH · Retail-Auto Dealers & Gasoline Stations · Lincolnshire, IL · filing with the SEC since 2016
Grade3.9
◀ Past 2.9● Present 3.5▶ Future 5.2
1 est.

The grade of Camping World Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.9/10
◀ Past2.925% of the headline
● Present3.545% of the headline
▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.1/10

Has it survived what it has been through?

4 warning events since 2017; the latest 2019-02-28.

weight 45% of this tense · 21st percentile among 21 sector filers · read for itself

From the record

Camping World Holdings, Inc.'s filings since 2017 show 4 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2018-03-13); an auditor change (8-K item 4.01, the latest 2018-05-22); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2019-02-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.9/10

What has it actually done, year after year?

+5.1% a year over 9 filed years; profitable in 6 of 9.

weight 33% of this tense · 39th percentile among 21 sector filers · read for its customers

From the record

Camping World Holdings, Inc.'s 9 filed years say what it did: revenue went from $4.3 billion in fiscal 2017 to $6.4 billion in fiscal 2025, up 5.1% a year; it rose in 6 of 8 years; the deepest fall was 12% from fiscal 2022 to fiscal 2024; net income was positive in 6 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.1%bottom 31% of its family
  • the share of years revenue rosetop 45% of its family
  • the share of filed years with a profitbottom 26% of its family
  • the deepest fall from a revenue peak12.4%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
3.0/10

How has it treated the people who own it?

SI estimate 3.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 30th percentile among 20 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 30% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 20 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Camping World Holdings, Inc.'s shareholder treatment is put at 3.0 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 30% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.5/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
3.6/10

Is it financially healthy right now?

ROE -28%: lost 28¢ per shareholder dollar. Leverage 93%: owes 93¢ per asset dollar.

weight 45% of this tense · 36th percentile among 21 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Camping World Holdings, Inc. lost about 28 cents for every dollar of shareholders' money, and gross profitability: its products earned about 37 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 93 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 7% of its family
  • return on equitybottom 23% of its family
  • gross profit against assetstop 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.1/10

How strong is its position in its industry?

bottom 32% of 21 in its family; net margin -1.7%.

weight 33% of this tense · 32nd percentile among 21 sector filers · read for its customers

From the record

Camping World Holdings, Inc.'s standing among 21 graded names in its industry family: revenue of $6.4 billion in fiscal 2025 ranks in the bottom 38% by size; a net margin of -1.7% ranks in the bottom 31%; revenue growth of -2.9% a year over the last 3 filed years ranks in the bottom 26% (its annual reports).

What it rests on

  • revenue against the family$6.37Bbottom 38% of its family
  • net margin-1.7%bottom 31% of its family
  • three-year revenue growth-2.9%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.8/10

What are the people in charge doing?

bottom 38% of 18 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 38th percentile among 18 sector filers · read for its shareholders

From the record

Camping World Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Wagner, Matthew D (CEO and President, as filed), filing under that title since 2026-01-05, 10 months (bottom 19% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 9.9 years (top 31%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 11 peoplebottom 25% of its family
  • the median years the people in charge have filed9.9 yearstop 31% of its family
  • the chief executive's years on the record11 monthsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 20 in its family for room to expand.

weight 22% of this tense · 48th percentile among 20 sector filers · read for itself

From the record

Camping World Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $215 million against debt of $1.5 billion leaves -24.9% of its assets as net cash, bottom 48% of its family; cash from operations less capital spending is -2.1% of revenue (bottom 18%); a gross margin of 29.5% (top 22%) (its annual report).

What it rests on

  • cash less debt against assets-24.9%bottom 48% of its family
  • cash from operations less capital spending against revenue-2.1%bottom 18% of its family
  • gross margin29.5%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.2/10

What could actually drive growth from here?

top 38% of 21 in its family for growth drivers.

weight 45% of this tense · 62nd percentile among 21 sector filers · read for its customers

From the record

Camping World Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -2.9% a year over the last three filed years against 5.1% over all 9, slowing (bottom 40% of its family); the newest year grew 4.4% (top 45%); capital spending grew 33.6% a year (top 8%) (its annual reports). Camping World Holdings, Inc. reported 2 lines of business in fiscal 2025: Rv and Outdoor Retail at $6.2 billion (97%), Good Sam Club Services and Plans at $200 million (3%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-8.0 points a yearbottom 40% of its family
  • the newest year's revenue growth4.4%top 45% of its family
  • three-year growth of capital spending33.6%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.2/10

Did its newest year beat what its own record pointed to?

bottom 42% of 21 in its family for expectations against reality.

weight 33% of this tense · 42nd percentile among 21 sector filers · read for its shareholders

From the record

Camping World Holdings, Inc.'s newest year against its own record: revenue of $6.4 billion in fiscal 2025 came in 11.6% above the $5.7 billion its prior three years' pace pointed to (top 17% of its family); net income of $106 million against a prior three-year average of $104 million (bottom 17%); a net margin of -1.7% against 1.5% before (bottom 26%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace11.6%top 17% of its family
  • net income against the prior three years' average-202%bottom 17% of its family
  • net margin against its prior average-3.1 pointsbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CWH · research, not advice