📊 CWH Key Takeaways
Investment Thesis
Camping World faces severe operational distress with negative net income of -$89.8M, negative free cash flow of -$342.6M, and deteriorating cash positions despite $6.4B in revenue. The company maintains unsustainable leverage with 6.44x debt-to-equity ratio and a highly vulnerable quick ratio of 0.23x, indicating acute liquidity stress. Deteriorating operating cash flow and capital expenditure obligations exceed operating income, signaling fundamental business model dysfunction.
CWH Strengths
- Revenue growth of 4.4% YoY demonstrates maintaining market presence in retail RV sector
- Operating income of $180.2M provides minimal operational profitability cushion
- Cash and equivalents of $215.0M provides temporary liquidity buffer
CWH Risks
- Massive negative free cash flow of -$342.6M annually indicates unsustainable burn rate and inability to service debt obligations
- Negative net income of -$89.8M with -1.4% net margin shows core operations are unprofitable at the bottom line
- Critically high leverage ratio of 6.44x debt-to-equity with $1.5B long-term debt against only $228.6M equity creates severe bankruptcy risk
- Deteriorating operating cash flow of -$132.0M combined with $210.6M capital expenditure needs creates cash crisis
- Quick ratio of 0.23x indicates severe liquidity stress with minimal liquid assets relative to current liabilities
- Negative ROE of -39.3% and ROA of -1.8% demonstrate destruction of shareholder value and asset productivity
Key Metrics to Watch
- Operating cash flow trend - critical threshold is returning to positive territory
- Free cash flow sustainability - must cease negative cash burn or debt default risk accelerates
- Debt-to-equity reduction - leverage must decline below 4.0x for financial stability
- Quick ratio improvement - must exceed 0.50x to demonstrate adequate short-term liquidity
- Net income path to profitability - negative margins unsustainable long-term
- Capital expenditure obligations - assess whether $210.6M annual capex can be reduced
CWH Financial Metrics
💡 AI Analyst Insight
Camping World Holdings, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
CWH Profitability Ratios
CWH vs Consumer Sector
How Camping World Holdings, Inc. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CWH Balance Sheet & Liquidity
CWH 5-Year Financial Trend
5-Year Trend Summary: Camping World Holdings, Inc.'s revenue has remained relatively flat over the 5-year period, with a 8% decline. The most recent EPS of $0.28 reflects profitable operations.
CWH Growth Metrics (YoY)
CWH Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.7B | $5.5M | N/A |
| Q2 2025 | $1.8B | $9.8M | N/A |
| Q1 2025 | $1.4B | -$12.3M | N/A |
| Q3 2024 | $1.7B | $5.5M | N/A |
| Q2 2024 | $1.8B | $9.8M | N/A |
| Q1 2024 | $1.4B | $3.2M | N/A |
| Q3 2023 | $1.7B | $16.0M | N/A |
| Q2 2023 | $1.9B | $28.7M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CWH Capital Allocation
CWH SEC Filings
Access official SEC EDGAR filings for Camping World Holdings, Inc. (CIK: 0001669779)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CWH
What is the AI rating for CWH?
Camping World Holdings, Inc. (CWH) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CWH's key strengths?
Revenue growth of 4.4% YoY demonstrates maintaining market presence in retail RV sector. Operating income of $180.2M provides minimal operational profitability cushion.
What are the risks of investing in CWH?
Massive negative free cash flow of -$342.6M annually indicates unsustainable burn rate and inability to service debt obligations. Negative net income of -$89.8M with -1.4% net margin shows core operations are unprofitable at the bottom line.
What is CWH's revenue and growth?
Camping World Holdings, Inc. reported revenue of $6.4B.
Does CWH pay dividends?
Camping World Holdings, Inc. pays dividends, with $31.4M distributed to shareholders in the trailing twelve months.
Where can I find CWH SEC filings?
Official SEC filings for Camping World Holdings, Inc. (CIK: 0001669779) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CWH's EPS?
Camping World Holdings, Inc. has a diluted EPS of $3.99.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.