Camping World Holdings, Inc. (CWH) stock analysis

In our weekly check, Camping World Holdings, Inc. is graded F (A to F). Of 23 checks on debt, profit, cash flow and trend: 5 pass, warnings: 5, red flags: 13.

About Camping World Holdings, Inc.

Camping World Holdings, Inc. is a Consumer Cyclical company (Auto & Truck Dealerships) based in the United States, listed on NYSE as CWH.

What our checks show for CWH

Red flags

• Net debt is 7.2x a year of EBITDA (debt/equity 15.21). That limits room in a downturn and raises refinancing risk.
• Operating profit does not cover the interest bill (0.4x): interest is paid from cash or new debt.
• The net margin fell by 5.6 points over 5 years, to -1.6%: the company keeps less of each sale as profit.
• The gross margin fell by 7.1 points, to 28.7%: costs are rising faster than prices.
• Revenue fell 3.5% a year over the last 3 years.
• Earnings per share fell 21.7% a year over the last 3 years.
• The company is losing money: the net margin is -1.6%.
• Camping World Holdings, Inc. pays a dividend while losing money: it is funded from reserves or debt.
• The price swings a lot: 69.6% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 92% from a peak. Would you have held through that?
• Beta 2.17: the stock usually moves more than the market, both up and down.
• The share count grew by 40.6% in 2 years: each shareholder owns a smaller slice.
• Pay in shares equals 75.5% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 19.5% a year.
• Analysts expect only about 2% a year of growth in revenue.
• Free cash flow is only 0.8% of revenue.
• A small company (market value $319 million): usually riskier and followed by fewer analysts.
• Return on capital (ROCE) is only 5.3%.

Strengths

• Operating cash flow is 2.53x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 2.4 points from today's -1.6%.
• Actively traded: about 2 million shares a day.

Next earnings report: 2026-11-02

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Questions

What grade does Camping World Holdings, Inc. (CWH) have?

In our weekly check, Camping World Holdings, Inc. is graded F (A to F). Of 23 checks on debt, profit, cash flow and trend: 5 pass, warnings: 5, red flags: 13. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of CWH stock?

This week's biggest flags for Camping World Holdings, Inc.: High debt, Weak interest cover, Margins falling. In total 18 of 23 checks show a warning or a red flag.

What does Camping World Holdings, Inc. do?

Camping World Holdings, Inc. is a Consumer Cyclical company (Auto & Truck Dealerships) based in the United States, listed on NYSE as CWH.

When does Camping World Holdings, Inc. report earnings next?

The next earnings report is expected on 2026-11-02. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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