Camping World (CWH) Financials

$16.24 -0.82 (-4.81%)

Closing price 03:59 PM Eastern

Extended Trading

$16.24 0.00 (-0.03%)

As of 07:57 PM Eastern

Annual Income Statements for Camping World

This table shows Camping World's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-39	33	124	278	122	-61	4,236	189	174	124
Consolidated Net Income / (Loss)	-79	53	338	642	344	-120	4,437	198	174	124
Net Income / (Loss) Continuing Operations	-79	53	338	642	344	-120	4,437	198	174	124
Total Pre-Tax Income	-90	49	450	734	402	-91	386	204	176	126
Total Operating Income	149	267	569	800	476	8.75	356	277	240	185
Total Gross Profit	1,825	1,879	2,262	2,456	1,702	1,287	5,447	994	3,279	746
Total Revenue	6,100	6,227	6,967	6,914	5,447	4,892	8,560	3,516	3,279	2,635
Operating Revenue	6,100	6,227	6,967	6,914	5,447	4,892	8,560	3,516	3,279	2,635
Total Cost of Revenue	4,274	4,348	4,705	4,457	3,744	3,605	2,965	2,523	0.00	1,889
Operating Cost of Revenue	4,274	4,348	4,705	4,457	3,744	3,605	2,965	2,523	-	1,889
Total Operating Expenses	1,677	1,612	1,694	1,657	1,226	1,279	885	717	3,039	561
Selling, General & Admin Expense	1,573	1,539	1,607	1,574	1,156	1,142	853	692	635	536
Depreciation Expense	81	69	80	66	52	60	32	25	24	25
Other Operating Expenses / (Income)	-2.30	-0.10	1.61	2.21	4.55	-0.69	0.39	1.22	2,380	-
Impairment Charge	15	9.27	4.23	3.04	12	66	-	-	-	-
Other Special Charges / (Income)	9.86	-5.22	0.62	-0.58	1.33	11	-0.13	-0.56	-0.24	0.03
Total Other Income / (Expense), net	-239	-218	-118	-65	-74	-99	30	-72	-65	-59
Interest Expense	236	218	42	15	20	109	28	24	11	13
Other Income / (Expense), net	-3.26	0.67	-76	-50	-55	10	58	-48	-53	-47
Income Tax Expense	-11	-3.53	112	92	58	30	155	5.80	1.36	2.14
Net Income / (Loss) Attributable to Noncontrolling Interest	-40	20	214	364	222	-60	201	9.59	0.00	-
Basic Earnings per Share	($0.80)	$0.75	$0.00	$0.00	$0.00	($1.62)	$2.24	$0.08	$0.00	-
Weighted Average Basic Shares Outstanding	48.01M	44.63M	0.00	0.00	0.00	37.31M	53.24M	18.77M	0.00	-
Diluted Earnings per Share	($0.80)	$0.57	$0.00	$0.00	$0.00	($1.62)	$2.24	$0.07	$0.00	-
Weighted Average Diluted Shares Outstanding	48.01M	84.97M	0.00	0.00	0.00	37.35M	53.24M	83.60M	0.00	-
Weighted Average Basic & Diluted Shares Outstanding	102.01M	84.54M	83.93M	85.68M	88.43M	88.24M	87.64M	1.74B	-	-

This table shows Camping World's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-12	-32	5.50	9.77	-22	-14	16	29	3.17	-46	41
Consolidated Net Income / (Loss)	-25	-60	8.06	23	-51	-48	31	65	4.90	-70	103
Net Income / (Loss) Continuing Operations	-25	-60	8.06	23	-51	-48	31	65	4.90	-70	103
Total Pre-Tax Income	-28	-68	6.01	31	-60	-69	35	78	5.18	-34	125
Total Operating Income	21	-15	64	95	4.22	-12	88	133	59	9.77	156
Total Gross Profit	430	377	499	548	402	343	523	571	441	392	594
Total Revenue	1,414	1,204	1,725	1,807	1,364	1,109	1,730	1,901	1,487	1,280	1,856
Operating Revenue	1,414	1,204	1,725	1,807	1,364	1,109	1,730	1,901	1,487	1,280	1,856
Total Cost of Revenue	984	828	1,226	1,259	962	766	1,207	1,330	1,046	889	1,262
Operating Cost of Revenue	984	828	1,226	1,259	962	766	1,207	1,330	1,046	889	1,262
Total Operating Expenses	409	392	434	452	398	356	435	438	382	382	438
Selling, General & Admin Expense	387	368	414	420	371	337	415	421	366	361	419
Depreciation Expense	23	21	21	20	19	19	18	17	15	19	18
Impairment Charge	0.62	2.71	1.94	4.58	5.83	-	1.75	0.48	7.05	0.73	0.89
Other Special Charges / (Income)	-1.82	0.33	-0.01	7.95	1.59	-0.22	0.13	-0.15	-4.99	0.23	-0.04
Total Other Income / (Expense), net	-49	-52	-58	-64	-64	-57	-53	-54	-53	-44	-30
Interest Expense	49	121	22	64	28	57	55	54	52	-2.98	30
Other Income / (Expense), net	-0.16	69	-36	-0.08	-36	0.65	1.70	-0.18	-1.50	-47	-0.18
Income Tax Expense	-3.47	-8.22	-2.05	7.94	-9.04	-21	3.68	14	0.27	36	22
Net Income / (Loss) Attributable to Noncontrolling Interest	-12	-28	2.56	14	-28	-33	15	36	1.73	-24	62
Basic Earnings per Share	($0.20)	($0.64)	$0.12	$0.22	($0.50)	($0.33)	$0.36	$0.65	$0.07	($2.01)	$0.98
Weighted Average Basic Shares Outstanding	62.53M	48.01M	45.23M	45.09M	45.05M	44.63M	44.67M	44.49M	44.46M	0.00	41.99M
Diluted Earnings per Share	($0.21)	($0.60)	$0.09	$0.22	($0.51)	($0.44)	$0.32	$0.64	$0.05	($1.99)	$0.97
Weighted Average Diluted Shares Outstanding	102.43M	48.01M	85.62M	45.24M	85.09M	84.97M	85.18M	44.80M	84.72M	0.00	42.51M
Weighted Average Basic & Diluted Shares Outstanding	102.04M	102.01M	84.96M	84.60M	84.54M	84.54M	84.25M	84.02M	83.93M	83.93M	83.60M

This table details how cash moves in and out of Camping World's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	169	-90	-137	101	19	8.96	-86	110	22	-19	74
Net Cash From Operating Activities	245	311	190	154	748	252	136	-16	216	112	44
Net Cash From Continuing Operating Activities	245	311	188	154	748	252	136	-16	216	112	44
Net Income / (Loss) Continuing Operations	-79	53	338	642	344	-120	66	231	198	174	124
Consolidated Net Income / (Loss)	-79	53	338	642	344	-120	66	231	198	174	124
Depreciation Expense	81	69	80	66	52	60	49	32	25	24	25
Non-Cash Adjustments To Reconcile Net Income	99	56	99	86	103	144	52	-121	6.55	6.20	4.18
Changes in Operating Assets and Liabilities, net	143	133	-329	-640	249	169	-31	-158	-14	-92	-108
Net Cash From Investing Activities	-88	-369	-423	-356	-126	-105	-293	-468	-116	-176	-50
Net Cash From Continuing Investing Activities	-88	-369	-423	-356	-126	-105	-293	-468	-116	-176	-50
Purchase of Property, Plant & Equipment	-91	-131	-155	-119	-32	-57	-134	-60	-	-41	-
Acquisitions	-72	-212	-218	-106	-48	-48	-99	-394	-79	-125	-11
Purchase of Investments	0.00	-3.44	-3.00	-7.98	-2.50	0.00	0.00	-	-	-	-
Sale of Property, Plant & Equipment	62	44	8.98	5.83	9.24	32	61	6.80	3.87	21	0.61
Divestitures	23	0.00	0.00	-	-	-	-	-	-	-	-
Other Investing Activities, net	-9.60	-67	-56	-129	-53	-32	-121	-21	-41	-30	-40
Net Cash From Financing Activities	12	-32	96	303	-603	-138	71	595	-78	45	80
Net Cash From Continuing Financing Activities	12	-32	96	303	-603	-138	71	595	-78	45	80
Repayment of Debt	-364	19	299	-200	-381	-68	-179	-4.60	-309	-41	-22
Repurchase of Common Equity	-0.41	0.00	-80	-156	-22	0.00	0.00	-	-	-	-
Payment of Dividends	-43	-98	-268	-261	-198	-93	-124	-172	-238	-229	-60
Issuance of Debt	99	59	128	939	0.00	26	375	658	235	316	164
Other Financing Activities, net	321	-12	17	-19	-2.39	-3.15	-0.66	-7.90	234	-1.35	-1.40

This table details how cash moves in and out of Camping World's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-188	180	4.64	-5.98	-9.93	-14	-1.14	-18	-57	-18	14
Net Cash From Operating Activities	-232	-163	324	152	-68	-232	315	29	199	-334	340
Net Cash From Continuing Operating Activities	-232	-163	324	152	-68	-232	315	29	199	-336	340
Net Income / (Loss) Continuing Operations	-25	-60	8.06	23	-51	-48	31	65	4.90	-70	103
Consolidated Net Income / (Loss)	-25	-60	8.06	23	-51	-48	31	65	4.90	-70	103
Depreciation Expense	23	21	21	20	19	19	18	17	15	19	18
Non-Cash Adjustments To Reconcile Net Income	-67	56	88	-5.86	-38	58	38	-15	-26	65	95
Changes in Operating Assets and Liabilities, net	-163	-181	208	115	1.73	-263	228	-38	206	-349	124
Net Cash From Investing Activities	-145	-31	-2.17	4.57	-59	-92	-146	-111	-21	-183	-108
Net Cash From Continuing Investing Activities	-145	-31	-2.17	4.57	-59	-92	-146	-111	-21	-183	-108
Purchase of Property, Plant & Equipment	-24	-23	-20	-23	-26	-35	-43	-28	-25	-36	-49
Acquisitions	-81	-10	-	-3.55	-59	-59	-76	-76	-0.02	-134	-45
Sale of Property, Plant & Equipment	7.23	9.92	17	11	24	5.66	0.69	15	23	1.06	0.45
Divestitures	0.00	-	-	20	2.60	-	-	-	0.00	-	-
Other Investing Activities, net	-49	-8.36	-	-	-1.24	-2.89	-27	-19	-18	-14	-14
Net Cash From Financing Activities	190	375	-317	-163	118	311	-171	64	-236	499	-218
Net Cash From Continuing Financing Activities	190	375	-317	-163	118	311	-171	64	-236	499	-218
Repayment of Debt	202	53	-308	-146	37	320	-146	105	-260	410	-144
Repurchase of Common Equity	-0.57	-	-	-	-	-	-	-	-	-	-
Payment of Dividends	-7.86	-7.65	-5.72	-14	-16	-5.54	-20	-39	-34	-33	-67
Issuance of Debt	0.00	-	-	-	99	-	-	-	59	128	-
Other Financing Activities, net	-2.69	329	-3.91	-2.00	-2.48	-4.09	-4.64	-1.85	-1.58	-5.85	-6.46

This table presents Camping World's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	4,863	4,889	4,800	4,373	3,256	3,376	2,807	1,705	1,456	1,338	1,157
Total Current Assets	2,271	2,349	2,484	2,284	1,494	1,691	1,888	1,535	1,126	1,051	782
Cash & Equivalents	208	40	130	267	166	148	139	-	114	92	111
Accounts Receivable	120	128	112	102	83	82	86	78	58	56	-
Inventories, net	1,822	2,043	2,124	1,793	1,136	1,359	1,559	1,411	903	862	671
Prepaid Expenses	58	48	67	64	60	58	52	46	22	19	-
Other Current Assets	61	60	50	58	48	45	53	-	29	22	-
Other Current Nonoperating Assets	1.35	30	0.00	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	847	834	758	599	0.00	314	360	0.00	131	150	0.00
Total Noncurrent Assets	1,745	1,706	1,558	1,490	1,762	1,371	559	170	199	137	76
Goodwill	734	711	622	484	413	387	359	-	153	113	61
Intangible Assets	19	14	21	31	30	30	35	-	3.39	1.65	-
Noncurrent Deferred & Refundable Income Taxes	215	201	143	199	166	130	146	152	24	6.23	-
Other Noncurrent Operating Assets	777	780	772	776	1,153	825	18	18	18	17	15
Total Liabilities & Shareholders' Equity	4,863	4,889	4,800	4,373	3,256	3,376	2,807	176	1,456	1,338	1,157
Total Liabilities	4,378	4,631	4,552	4,139	3,266	3,535	2,774	143	1,600	1,633	0.00
Total Current Liabilities	1,681	1,948	1,872	1,598	1,036	1,296	1,305	95	868	863	0.00
Short-Term Debt	1,185	1,393	1,345	1,027	535	862	899	-	633	651	-
Accounts Payable	145	134	128	137	148	107	145	-	69	57	-
Accrued Expenses	119	149	148	190	138	130	125	95	78	78	-
Current Deferred Revenue	92	92	96	95	88	87	88	-	71	64	-
Current Deferred & Payable Income Tax Liabilities	0.00	13	11	11	8.09	6.56	9.45	-	0.99	-	-
Other Current Liabilities	140	149	145	138	118	103	39	-	17	14	-
Other Current Nonoperating Liabilities	0.00	17	0.00	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	2,697	2,684	2,680	2,541	2,230	2,240	1,469	48	731	770	0.00
Long-Term Debt	1,493	1,520	1,505	1,399	1,144	1,154	1,192	-	620	673	-
Noncurrent Deferred Revenue	64	67	70	69	62	58	67	-	58	52	-
Other Noncurrent Operating Liabilities	1,140	1,097	1,105	1,073	887	1,028	210	48	53	44	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-
Total Equity & Noncontrolling Interests	485	258	248	234	-9.23	-159	33	33	-144	-295	-243
Total Preferred & Common Equity	327	168	148	158	27	-33	45	8.93	-30	-295	-243
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-
Total Common Equity	327	168	148	158	27	-33	45	8.93	-30	-295	-243
Common Stock	194	132	107	99	64	51	48	-	-30	-	-
Retained Earnings	132	196	221	189	-22	-83	-3.37	8.93	0.07	-	-
Treasury Stock	0.00	-159	-180	-130	-15	0.00	-	-	-	-	-
Noncontrolling Interest	158	90	100	76	-36	-127	-12	24	-114	-	-

This table presents Camping World's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,147	4,645	4,962	5,023	4,657	4,803	4,631	4,511
Total Current Assets	2,503	2,108	2,409	2,437	2,203	2,444	2,339	2,300
Cash & Equivalents	21	28	24	30	53	54	73	148
Accounts Receivable	119	118	129	100	136	119	109	117
Inventories, net	2,119	1,782	2,014	2,078	1,869	2,077	1,980	1,900
Prepaid Expenses	74	57	68	69	39	56	59	47
Other Current Assets	149	112	165	154	101	132	104	87
Other Current Nonoperating Assets	21	10	8.42	6.28	4.64	4.64	14	0.00
Plant, Property, & Equipment, net	886	837	856	879	842	785	751	728
Total Noncurrent Assets	1,758	1,701	1,697	1,707	1,613	1,574	1,540	1,483
Goodwill	748	733	731	736	688	656	623	533
Intangible Assets	19	20	21	13	14	15	15	22
Noncurrent Deferred & Refundable Income Taxes	211	158	150	154	142	141	145	179
Other Noncurrent Operating Assets	781	790	795	805	768	762	757	749
Total Liabilities & Shareholders' Equity	5,147	4,645	4,962	5,023	4,657	4,803	4,631	4,511
Total Liabilities	4,688	4,473	4,795	4,871	4,386	4,545	4,405	4,174
Total Current Liabilities	1,994	1,711	2,030	2,055	1,679	1,842	1,685	1,625
Short-Term Debt	1,344	1,054	1,320	1,440	1,041	1,182	1,069	915
Accounts Payable	251	221	260	205	200	201	186	188
Accrued Expenses	161	183	187	149	172	193	172	253
Current Deferred Revenue	89	101	99	96	100	97	94	102
Current Deferred & Payable Income Tax Liabilities	1.70	0.00	12	13	14	14	11	12
Other Current Liabilities	147	151	150	152	148	152	145	155
Total Noncurrent Liabilities	2,695	2,762	2,766	2,815	2,707	2,703	2,720	2,549
Long-Term Debt	1,488	1,538	1,546	1,577	1,543	1,543	1,546	1,389
Capital Lease Obligations	131	-	-	136	-	-	101	-
Noncurrent Deferred Revenue	63	68	67	66	70	70	69	73
Noncurrent Deferred & Payable Income Tax Liabilities	149	-	-	150	-	-	165	-
Other Noncurrent Operating Liabilities	864	1,156	1,153	886	1,094	1,091	839	1,087
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	459	173	167	152	271	258	226	337
Total Preferred & Common Equity	311	108	106	99	149	137	132	208
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	311	108	106	99	149	137	132	208
Common Stock	198	95	101	99	109	116	115	118
Retained Earnings	112	161	161	157	208	197	196	281
Treasury Stock	0.00	-148	-156	-158	-168	-177	-179	-191
Noncontrolling Interest	148	65	61	53	122	121	94	130

This table displays calculated financial ratios and metrics derived from Camping World's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.03%	-10.63%	0.77%	26.94%	11.34%	0.00%	0.00%	143.43%	7.24%	24.43%	0.00%
EBITDA Growth	-32.67%	-41.24%	-29.86%	72.31%	501.94%	-57.62%	-58.30%	76.09%	19.85%	29.55%	0.00%
EBIT Growth	-45.73%	-45.60%	-34.35%	77.80%	2,148.54%	-86.25%	-67.04%	81.33%	22.09%	35.17%	0.00%
NOPAT Growth	-63.65%	-32.94%	-38.97%	71.47%	6,560.04%	-95.52%	-35.77%	-20.73%	12.68%	31.05%	0.00%
Net Income Growth	-249.03%	-84.33%	-47.38%	86.53%	386.13%	0.00%	0.00%	2,135.49%	13.87%	40.98%	0.00%
EPS Growth	-240.35%	0.00%	0.00%	0.00%	100.00%	-389.29%	-75.00%	3,100.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-21.12%	63.77%	23.23%	-79.40%	196.77%	84.85%	935.38%	-107.56%	92.41%	154.50%	0.00%
Free Cash Flow Firm Growth	99.09%	190.84%	21.71%	-131.00%	117.54%	414.68%	83.69%	-267.22%	349.49%	0.00%	0.00%
Invested Capital Growth	-5.30%	5.08%	24.06%	59.18%	-12.06%	-13.91%	12.88%	56.90%	6.10%	25.62%	0.00%
Revenue Q/Q Growth	1.58%	-2.67%	-1.38%	3.65%	3.20%	0.00%	0.00%	110.70%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	841.62%	8.26%	-15.80%	6.52%	7.35%	217.83%	-50.30%	33.10%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	364.04%	10.49%	-18.17%	6.52%	9.81%	158.60%	-58.58%	35.57%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	-2.19%	92.30%	-21.51%	2.81%	39.50%	-72.54%	5.97%	-31.24%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-13.90%	22.19%	-27.74%	3.04%	54.34%	0.00%	0.00%	1,693.32%	0.00%	0.00%	0.00%
EPS Q/Q Growth	33.88%	158.16%	100.00%	-100.00%	-100.00%	-14.08%	-75.65%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	39.24%	48.61%	78.96%	-60.62%	-12.79%	22.68%	122.01%	-117.58%	11.92%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	48.36%	185.43%	11.35%	-398.76%	-27.02%	17.12%	74.04%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	8.35%	11.34%	19.01%	34.23%	28.91%	-0.33%	2.68%	7.09%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.93%	30.17%	32.47%	35.53%	31.26%	26.32%	0.00%	63.64%	28.26%	100.00%	28.32%
EBITDA Margin	3.71%	5.40%	8.22%	11.80%	8.70%	1.61%	0.00%	5.20%	7.19%	6.44%	6.18%
Operating Margin	2.44%	4.29%	8.16%	11.56%	8.74%	0.18%	0.00%	4.16%	7.86%	7.33%	7.02%
EBIT Margin	2.38%	4.30%	7.06%	10.84%	7.74%	0.38%	0.00%	4.83%	6.49%	5.70%	5.25%
Profit (Net Income) Margin	-1.29%	0.85%	4.85%	9.29%	6.32%	-2.46%	0.00%	51.84%	5.64%	5.32%	4.69%
Tax Burden Percent	87.39%	107.14%	75.05%	87.45%	85.63%	132.61%	0.00%	1,150.64%	97.16%	99.23%	98.30%
Interest Burden Percent	-62.11%	18.45%	91.46%	97.93%	95.33%	-483.78%	70.67%	93.20%	89.52%	93.98%	90.96%
Effective Tax Rate	0.00%	-7.14%	24.95%	12.55%	14.37%	0.00%	31.95%	40.17%	2.84%	0.77%	1.70%
Return on Invested Capital (ROIC)	3.43%	9.40%	15.92%	35.90%	25.39%	0.33%	0.00%	16.65%	27.78%	28.29%	24.35%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.44%	1.04%	12.28%	32.79%	21.63%	-6.29%	0.00%	333.13%	21.87%	22.52%	18.46%
Return on Net Nonoperating Assets (RNNOA)	-24.66%	11.53%	124.38%	535.69%	-434.04%	190.14%	0.00%	-7,976.65%	-118.20%	-93.15%	-75.31%
Return on Equity (ROE)	-21.24%	20.93%	140.30%	571.59%	-408.64%	190.47%	0.00%	-7,960.00%	-90.42%	-64.86%	-50.96%
Cash Return on Invested Capital (CROIC)	8.87%	4.45%	-5.56%	-9.77%	38.22%	15.28%	-4.79%	-27.64%	21.86%	5.58%	0.00%
Operating Return on Assets (OROA)	2.98%	5.53%	10.73%	19.65%	12.71%	0.61%	0.00%	26.18%	16.33%	14.98%	11.95%
Return on Assets (ROA)	-1.62%	1.09%	7.37%	16.83%	10.38%	-3.89%	0.00%	280.74%	14.21%	13.97%	10.68%
Return on Common Equity (ROCE)	-14.15%	13.09%	89.12%	470.25%	-14.14%	-18.00%	0.00%	-1,485.97%	-66.86%	-64.86%	-50.96%
Return on Equity Simple (ROE_SIMPLE)	-24.15%	31.44%	228.53%	406.23%	1,285.63%	369.00%	147.25%	0.00%	-667.37%	-59.11%	-50.96%
Net Operating Profit after Tax (NOPAT)	104	286	427	699	408	6.12	137	213	269	238	182
NOPAT Margin	1.70%	4.60%	6.12%	10.11%	7.49%	0.13%	0.00%	2.49%	7.64%	7.27%	6.90%
Net Nonoperating Expense Percent (NNEP)	6.86%	8.36%	3.64%	3.11%	3.76%	6.62%	7.56%	-316.48%	5.91%	5.77%	5.89%
Return On Investment Capital (ROIC_SIMPLE)	3.29%	9.02%	13.77%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	70.07%	69.83%	67.53%	64.47%	68.74%	73.68%	0.00%	34.64%	71.74%	0.00%	71.68%
SG&A Expenses to Revenue	25.79%	24.72%	23.07%	22.76%	21.23%	23.34%	0.00%	9.97%	19.68%	19.36%	20.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.49%	25.88%	24.31%	23.96%	22.51%	26.14%	0.00%	10.34%	20.40%	92.67%	21.29%
Earnings before Interest and Taxes (EBIT)	145	268	492	750	422	19	136	414	228	187	138
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	226	336	572	816	474	79	186	445	253	211	163
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.48	12.85	11.61	19.02	71.26	0.00	40.41	309.87	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	309.87	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.29	0.35	0.25	0.43	0.35	0.20	0.00	0.32	0.52	0.00	0.00
Price to Earnings (P/E)	0.00	64.84	13.87	10.79	15.59	0.00	0.00	0.65	9.69	0.00	0.00
Dividend Yield	2.37%	5.84%	12.18%	4.02%	4.64%	2.71%	3.09%	1.10%	0.35%	0.00%	0.00%
Earnings Yield	0.00%	1.54%	7.21%	9.26%	6.41%	0.00%	0.00%	153.10%	10.32%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.50	1.64	1.53	2.19	2.25	1.60	1.88	1.79	2.87	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.72	0.82	0.65	0.76	0.62	0.56	0.00	0.33	0.81	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	19.51	15.24	7.92	6.42	7.14	34.79	20.14	6.27	11.30	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	30.41	19.15	9.22	6.99	8.03	145.99	27.43	6.74	12.52	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	42.49	17.92	10.63	7.49	8.30	447.11	27.34	13.10	10.63	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.03	16.50	23.90	34.03	4.53	10.87	27.44	0.00	13.24	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	16.41	37.89	0.00	0.00	5.51	9.70	0.00	0.00	13.51	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.52	11.29	11.51	10.37	-181.80	-12.66	63.51	0.00	-8.70	-4.49	0.00
Long-Term Debt to Equity	3.08	5.89	6.08	5.98	-123.88	-7.24	36.20	0.00	-4.31	-2.29	0.00
Financial Leverage	7.17	11.04	10.13	16.34	-20.06	-30.24	29.25	-23.94	-5.41	-4.14	-4.08
Leverage Ratio	13.13	19.16	19.05	33.96	-39.37	-48.95	43.38	-28.35	-6.36	-4.64	-4.77
Compound Leverage Factor	-8.15	3.54	17.42	33.26	-37.53	236.80	30.66	-26.42	-5.70	-4.36	-4.34
Debt to Total Capital	84.67%	91.86%	92.01%	91.21%	100.55%	108.58%	98.45%	0.00%	112.99%	128.61%	0.00%
Short-Term Debt to Total Capital	37.46%	43.94%	43.42%	38.62%	32.03%	46.44%	42.33%	0.00%	57.02%	63.20%	0.00%
Long-Term Debt to Total Capital	47.21%	47.93%	48.59%	52.59%	68.52%	62.14%	56.12%	0.00%	55.97%	65.41%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.01%	2.83%	3.22%	2.85%	-2.16%	-6.82%	-0.55%	72.66%	-10.31%	0.00%	0.00%
Common Equity to Total Capital	10.32%	5.31%	4.77%	5.94%	1.60%	-1.76%	2.10%	27.34%	-2.68%	-28.61%	100.00%
Debt to EBITDA	11.82	8.66	4.98	2.97	3.54	25.62	11.26	0.00	4.96	6.28	0.00
Net Debt to EBITDA	10.90	8.54	4.75	2.64	3.19	23.74	10.51	0.00	4.51	5.85	0.00
Long-Term Debt to EBITDA	6.59	4.52	2.63	1.71	2.41	14.66	6.42	0.00	2.46	3.19	0.00
Debt to NOPAT	25.75	10.18	6.68	3.47	4.12	329.20	15.28	0.00	4.67	5.56	0.00
Net Debt to NOPAT	23.75	10.04	6.38	3.09	3.71	305.11	14.27	0.00	4.24	5.17	0.00
Long-Term Debt to NOPAT	14.36	5.31	3.53	2.00	2.80	188.40	8.71	0.00	2.31	2.83	0.00
Altman Z-Score	1.78	1.89	2.23	2.83	2.61	1.74	0.80	18.46	3.83	0.00	0.00
Noncontrolling Interest Sharing Ratio	33.38%	37.47%	36.48%	17.73%	96.54%	109.45%	18.35%	81.33%	26.06%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.21	1.33	1.43	1.44	1.30	1.45	16.10	1.30	1.22	0.00
Quick Ratio	0.20	0.09	0.13	0.23	0.24	0.18	0.17	0.82	0.20	0.17	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	269	135	-149	-190	614	282	-90	-354	211	47	0.00
Operating Cash Flow to CapEx	855.43%	356.88%	130.03%	136.50%	3,306.81%	1,026.12%	187.61%	-30.92%	0.00%	540.73%	0.00%
Free Cash Flow to Firm to Interest Expense	1.14	0.62	-3.54	-12.28	31.18	2.58	-2.24	-12.56	8.84	4.18	0.00
Operating Cash Flow to Interest Expense	1.04	1.42	4.52	9.94	37.97	2.30	3.41	-0.58	9.03	9.97	3.52
Operating Cash Flow Less CapEx to Interest Expense	0.92	1.02	1.04	2.66	36.83	2.08	1.59	-2.45	9.19	8.13	3.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.25	1.29	1.52	1.81	1.64	1.58	0.00	5.42	2.52	2.63	2.28
Accounts Receivable Turnover	49.10	51.78	65.10	74.72	65.91	58.39	0.00	125.07	61.24	0.00	0.00
Inventory Turnover	2.21	2.09	2.40	3.04	3.00	2.47	2.25	2.56	2.86	0.00	2.82
Fixed Asset Turnover	7.26	7.82	10.26	0.00	0.00	14.51	0.00	0.00	25.07	0.00	0.00
Accounts Payable Turnover	30.66	33.29	35.58	31.26	29.32	28.63	24.80	0.00	40.22	0.00	0.00
Days Sales Outstanding (DSO)	7.43	7.05	5.61	4.89	5.54	6.25	0.00	2.92	5.96	0.00	0.00
Days Inventory Outstanding (DIO)	165.01	174.90	151.93	119.93	121.61	147.71	161.92	142.38	127.66	0.00	129.65
Days Payable Outstanding (DPO)	11.91	10.96	10.26	11.68	12.45	12.75	14.72	0.00	9.08	0.00	0.00
Cash Conversion Cycle (CCC)	160.54	170.98	147.28	113.14	114.70	141.22	0.00	145.30	124.55	0.00	129.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,953	3,119	2,968	2,392	1,503	1,709	1,985	1,562	996	938	747
Invested Capital Turnover	2.01	2.05	2.60	3.55	3.39	2.65	0.00	6.69	3.64	3.89	3.53
Increase / (Decrease) in Invested Capital	-165	151	576	889	-206	-276	226	567	57	191	0.00
Enterprise Value (EV)	4,419	5,127	4,536	5,240	3,384	2,738	3,740	2,791	2,856	0.00	0.00
Market Capitalization	1,791	2,164	1,716	3,006	1,908	996	1,800	2,767	1,831	0.00	0.00
Book Value per Share	$3.84	$2.00	$1.77	$1.82	$0.30	($0.37)	$0.25	$0.10	($0.37)	$0.00	$0.00
Tangible Book Value per Share	($5.03)	($6.61)	($5.93)	($4.10)	($4.69)	($5.10)	($1.97)	$0.10	($2.30)	$0.00	$0.00
Total Capital	3,163	3,171	3,098	2,660	1,669	1,856	2,124	33	1,110	1,030	-243
Total Debt	2,678	2,913	2,850	2,426	1,678	2,016	2,091	0.00	1,254	1,325	0.00
Total Long-Term Debt	1,493	1,520	1,505	1,399	1,144	1,154	1,192	0.00	621	674	0.00
Net Debt	2,470	2,873	2,720	2,158	1,512	1,868	1,952	0.00	1,140	1,233	-111
Capital Expenditures (CapEx)	29	87	146	113	23	25	73	53	-3.87	21	-0.61
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,567	1,755	1,826	1,445	827	1,109	1,343	1,439	776	747	671
Debt-free Net Working Capital (DFNWC)	1,775	1,795	1,957	1,713	993	1,257	1,482	1,439	891	839	782
Net Working Capital (NWC)	590	401	611	686	459	395	583	1,439	258	188	782
Net Nonoperating Expense (NNE)	183	233	89	57	64	126	137	-4,224	70	64	58
Net Nonoperating Obligations (NNO)	2,469	2,861	2,720	2,158	1,512	1,868	1,952	1,530	1,140	1,233	990
Total Depreciation and Amortization (D&A)	81	69	80	66	52	60	49	32	25	24	25
Debt-free, Cash-free Net Working Capital to Revenue	25.69%	28.18%	26.21%	20.91%	15.19%	22.68%	0.00%	16.82%	22.08%	22.79%	25.46%
Debt-free Net Working Capital to Revenue	29.10%	28.82%	28.08%	24.77%	18.24%	25.69%	0.00%	16.82%	25.33%	25.59%	29.66%
Net Working Capital to Revenue	9.68%	6.44%	8.77%	9.92%	8.42%	8.07%	0.00%	16.82%	7.33%	5.73%	29.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.80)	$0.00	$0.00	$6.19	$3.11	($1.62)	$0.56	$1.07	$0.11	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	48.01M	0.00	0.00	45.01M	39.38M	37.31M	73.97M	26.62M	18.77M	0.00	0.00
Adjusted Diluted Earnings per Share	($0.80)	$0.00	$0.00	$6.07	$3.09	($1.62)	$0.56	$1.07	$0.09	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	48.01M	0.00	0.00	89.76M	40.01M	37.35M	177.76M	26.62M	83.60M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	102.01M	84.54M	83.93M	85.68M	88.43M	88.24M	0.00	87.64M	80.95M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	121	190	430	712	420	61	166	213	268	238	182
Normalized NOPAT Margin	1.99%	3.05%	6.18%	10.30%	7.70%	1.24%	0.00%	2.49%	7.62%	7.26%	6.91%
Pre Tax Income Margin	-1.48%	0.79%	6.46%	10.62%	7.38%	-1.85%	0.00%	4.50%	5.81%	5.36%	4.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.62	1.23	11.71	48.37	21.42	0.17	3.41	14.70	9.55	16.62	11.06
NOPAT to Interest Expense	0.44	1.31	10.15	45.12	20.71	0.06	3.42	7.56	11.24	21.20	14.55
EBIT Less CapEx to Interest Expense	0.50	0.83	8.24	41.09	20.27	-0.05	1.59	12.82	9.71	14.77	11.10
NOPAT Less CapEx to Interest Expense	0.32	0.91	6.68	37.84	19.56	-0.17	1.60	5.69	11.40	19.35	14.60
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-55.06%	185.80%	79.43%	40.64%	57.52%	-77.36%	0.00%	3.87%	119.74%	131.33%	48.62%
Augmented Payout Ratio	-55.58%	185.80%	103.04%	64.97%	63.77%	-77.36%	0.00%	3.87%	119.74%	131.33%	48.62%

This table displays calculated financial ratios and metrics derived from Camping World's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.63%	8.58%	-0.27%	-4.96%	-8.26%	-13.35%	-6.79%	-12.35%	-10.56%	-7.06%	-3.18%
EBITDA Growth	441.02%	871.82%	-54.35%	-22.96%	-117.67%	142.88%	-38.21%	-41.69%	-55.20%	-120.08%	-31.90%
EBIT Growth	164.71%	567.01%	-68.34%	-28.07%	-155.98%	68.90%	-42.31%	-44.58%	-57.58%	-151.00%	-32.83%
NOPAT Growth	393.65%	-27.41%	9.96%	-35.04%	-94.68%	-224.11%	-38.49%	-49.78%	-55.48%	-90.56%	-36.55%
Net Income Growth	51.42%	-25.12%	-73.92%	-63.82%	-1,136.22%	32.40%	-69.99%	-67.31%	-95.43%	-218.79%	-45.62%
EPS Growth	58.82%	-36.36%	-71.88%	-65.63%	-1,120.00%	77.89%	-67.01%	0.00%	-95.10%	63.49%	-43.60%
Operating Cash Flow Growth	-241.97%	29.72%	2.82%	429.87%	-134.12%	30.43%	-7.24%	-92.70%	194.84%	20.04%	204.19%
Free Cash Flow Firm Growth	88.46%	197.01%	170.71%	99.33%	-2,483.24%	71.99%	60.85%	67.34%	98.58%	30.38%	-40.67%
Invested Capital Growth	2.00%	-5.30%	-2.69%	2.49%	14.24%	5.08%	12.32%	13.71%	2.55%	24.06%	39.93%
Revenue Q/Q Growth	17.36%	-30.18%	-4.51%	32.44%	22.96%	-35.86%	-9.00%	27.83%	16.14%	-31.01%	-14.43%
EBITDA Q/Q Growth	-42.27%	52.93%	-57.55%	1,009.85%	86.86%	-92.82%	-28.36%	108.68%	499.24%	-110.35%	-32.39%
EBIT Q/Q Growth	-61.41%	88.85%	-70.22%	398.13%	72.36%	-112.80%	-32.35%	132.04%	254.73%	-123.75%	-35.02%
NOPAT Q/Q Growth	234.88%	-112.52%	21.27%	2,310.47%	134.81%	-110.81%	-28.36%	97.57%	711.48%	-94.65%	-41.51%
Net Income Q/Q Growth	58.55%	-839.13%	-65.59%	146.09%	-1.78%	-254.05%	-52.27%	1,220.07%	108.57%	-168.38%	-48.00%
EPS Q/Q Growth	65.00%	-766.67%	-59.09%	143.14%	49.51%	-237.50%	-50.00%	1,180.00%	102.51%	-305.15%	0.00%
Operating Cash Flow Q/Q Growth	-42.29%	-150.40%	112.84%	324.06%	70.76%	-173.73%	996.84%	-85.57%	159.62%	-198.30%	-13.74%
Free Cash Flow Firm Q/Q Growth	-133.46%	-4.38%	10,011.02%	99.60%	-250.11%	30.31%	6.04%	-1,453.52%	97.25%	2.58%	21.63%
Invested Capital Q/Q Growth	14.45%	8.35%	-9.16%	-8.24%	6.34%	11.34%	-4.33%	2.28%	-3.55%	19.01%	-3.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.39%	31.29%	28.90%	30.32%	29.50%	30.96%	30.24%	30.05%	29.66%	30.59%	31.99%
EBITDA Margin	3.06%	6.22%	2.84%	6.38%	-0.93%	0.69%	6.20%	7.88%	4.82%	-1.40%	9.35%
Operating Margin	1.47%	-1.28%	3.73%	5.28%	0.31%	-1.09%	5.08%	6.98%	3.94%	0.76%	8.38%
EBIT Margin	1.46%	4.45%	1.65%	5.28%	-2.34%	-1.03%	5.18%	6.97%	3.84%	-2.88%	8.37%
Profit (Net Income) Margin	-1.75%	-4.94%	0.47%	1.30%	-3.72%	-4.29%	1.79%	3.41%	0.33%	-5.50%	5.55%
Tax Burden Percent	87.67%	87.87%	134.11%	74.69%	84.89%	69.32%	89.36%	82.66%	94.73%	207.52%	82.13%
Interest Burden Percent	-136.11%	-126.44%	21.17%	32.89%	187.22%	598.20%	38.57%	59.10%	9.07%	91.93%	80.68%
Effective Tax Rate	0.00%	0.00%	-34.11%	25.31%	0.00%	0.00%	10.64%	17.34%	5.27%	0.00%	17.87%
Return on Invested Capital (ROIC)	1.90%	-1.80%	10.88%	7.99%	0.43%	-1.57%	10.98%	13.68%	8.97%	1.39%	22.74%
ROIC Less NNEP Spread (ROIC-NNEP)	0.60%	-3.63%	7.80%	6.26%	-1.44%	-2.97%	8.94%	11.86%	7.03%	-1.78%	21.39%
Return on Net Nonoperating Assets (RNNOA)	5.49%	-26.06%	89.40%	81.05%	-21.87%	-32.75%	68.89%	105.08%	84.14%	-18.01%	125.31%
Return on Equity (ROE)	7.39%	-27.86%	100.28%	89.04%	-21.44%	-34.31%	79.87%	118.76%	93.11%	-16.62%	148.06%
Cash Return on Invested Capital (CROIC)	1.47%	8.87%	6.57%	1.68%	-8.44%	4.45%	-5.98%	-4.28%	10.34%	-5.56%	-7.86%
Operating Return on Assets (OROA)	1.76%	5.57%	2.12%	6.49%	-2.96%	-1.33%	7.23%	9.66%	5.57%	-4.38%	14.25%
Return on Assets (ROA)	-2.10%	-6.18%	0.60%	1.60%	-4.71%	-5.51%	2.49%	4.72%	0.48%	-8.35%	9.45%
Return on Common Equity (ROCE)	5.11%	-18.56%	58.12%	50.87%	-13.10%	-21.45%	46.87%	69.84%	55.60%	-10.56%	97.26%
Return on Equity Simple (ROE_SIMPLE)	-16.99%	0.00%	-64.23%	-43.83%	-5.16%	0.00%	29.02%	84.30%	188.23%	0.00%	225.03%
Net Operating Profit after Tax (NOPAT)	15	-11	86	71	2.96	-8.49	79	110	56	6.84	128
NOPAT Margin	1.03%	-0.90%	5.01%	3.94%	0.22%	-0.77%	4.54%	5.77%	3.73%	0.53%	6.88%
Net Nonoperating Expense Percent (NNEP)	1.30%	1.83%	3.08%	1.74%	1.87%	1.40%	2.03%	1.82%	1.94%	3.17%	1.36%
Return On Investment Capital (ROIC_SIMPLE)	0.43%	-0.34%	-	-	-	-0.27%	-	-	-	0.22%	-
Cost of Revenue to Revenue	69.61%	68.71%	71.10%	69.68%	70.50%	69.04%	69.76%	69.95%	70.34%	69.41%	68.01%
SG&A Expenses to Revenue	27.41%	30.53%	24.01%	23.23%	27.23%	30.39%	24.01%	22.14%	24.60%	28.23%	22.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.92%	32.58%	25.17%	25.04%	29.19%	32.05%	25.16%	23.07%	25.72%	29.82%	23.61%
Earnings before Interest and Taxes (EBIT)	21	54	28	95	-32	-11	90	132	57	-37	155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	75	49	115	-13	7.71	107	150	72	-18	174
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.31	5.48	19.00	14.26	23.70	12.85	11.24	18.06	12.77	11.61	9.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.27	0.29	0.34	0.25	0.38	0.35	0.26	0.38	0.25	0.25	0.27
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	421.39	64.84	114.80	62.13	17.69	13.87	9.75
Dividend Yield	3.09%	2.37%	2.06%	2.80%	3.59%	5.84%	10.02%	8.49%	12.44%	12.18%	10.28%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.24%	1.54%	0.87%	1.61%	5.65%	7.21%	10.25%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.50	1.72	1.47	1.69	1.64	1.55	1.80	1.55	1.53	1.69
Enterprise Value to Revenue (EV/Rev)	0.77	0.72	0.78	0.73	0.91	0.82	0.68	0.81	0.65	0.65	0.60
Enterprise Value to EBITDA (EV/EBITDA)	16.78	19.51	194.45	53.60	47.33	15.24	13.94	13.96	9.14	7.92	6.19
Enterprise Value to EBIT (EV/EBIT)	23.94	30.41	0.00	709.63	127.24	19.15	17.87	17.09	10.67	9.22	7.00
Enterprise Value to NOPAT (EV/NOPAT)	40.98	42.49	43.99	35.94	37.10	17.92	29.10	22.38	12.17	10.63	7.75
Enterprise Value to Operating Cash Flow (EV/OCF)	58.75	18.03	26.56	26.40	126.67	16.50	20.70	22.52	7.39	23.90	39.72
Enterprise Value to Free Cash Flow (EV/FCFF)	96.08	16.41	25.76	88.42	0.00	37.89	0.00	0.00	15.13	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.46	5.52	15.01	17.20	20.69	11.29	9.54	10.55	12.03	11.51	6.83
Long-Term Debt to Equity	3.53	3.08	8.91	9.28	11.24	5.89	5.70	5.97	7.30	6.08	4.12
Financial Leverage	9.22	7.17	11.46	12.95	15.22	11.04	7.70	8.86	11.97	10.13	5.86
Leverage Ratio	15.59	13.13	20.97	22.98	25.53	19.16	15.07	16.86	21.47	19.05	13.31
Compound Leverage Factor	-21.23	-16.60	4.44	7.56	47.79	114.63	5.81	9.97	1.95	17.51	10.74
Debt to Total Capital	86.59%	84.67%	93.75%	94.51%	95.39%	91.86%	90.51%	91.34%	92.33%	92.01%	87.23%
Short-Term Debt to Total Capital	39.27%	37.46%	38.12%	43.54%	43.57%	43.94%	36.45%	39.63%	36.34%	43.42%	34.65%
Long-Term Debt to Total Capital	47.32%	47.21%	55.63%	50.97%	51.82%	47.93%	54.06%	51.71%	55.98%	48.59%	52.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.33%	5.01%	2.35%	2.00%	1.62%	2.83%	4.26%	4.07%	3.18%	3.22%	4.91%
Common Equity to Total Capital	9.07%	10.32%	3.90%	3.49%	2.99%	5.31%	5.23%	4.59%	4.49%	4.77%	7.86%
Debt to EBITDA	10.49	11.82	107.75	34.81	27.02	8.66	8.32	7.23	5.61	4.98	3.39
Net Debt to EBITDA	10.42	10.90	106.57	34.52	26.77	8.54	8.15	7.08	5.46	4.75	3.17
Long-Term Debt to EBITDA	5.73	6.59	63.94	18.77	14.68	4.52	4.97	4.09	3.40	2.63	2.04
Debt to NOPAT	25.62	25.75	24.38	23.34	21.18	10.18	17.37	11.58	7.47	6.68	4.24
Net Debt to NOPAT	25.44	23.75	24.11	23.15	20.98	10.04	17.01	11.35	7.27	6.38	3.97
Long-Term Debt to NOPAT	14.00	14.36	14.46	12.59	11.51	5.31	10.37	6.56	4.53	3.53	2.56
Altman Z-Score	1.57	1.72	1.74	1.60	1.62	1.70	1.86	1.98	1.97	1.87	2.22
Noncontrolling Interest Sharing Ratio	30.80%	33.38%	42.04%	42.87%	38.89%	37.47%	41.32%	41.19%	40.28%	36.48%	34.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.26	1.35	1.23	1.19	1.19	1.21	1.31	1.33	1.39	1.33	1.42
Quick Ratio	0.07	0.20	0.09	0.08	0.06	0.09	0.11	0.09	0.11	0.13	0.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-52	155	162	-1.63	-405	-159	-229	-243	-16	-569	-584
Operating Cash Flow to CapEx	-1,428.00%	-1,284.55%	14,974.60%	1,286.08%	-3,520.56%	-780.72%	752.55%	221.34%	8,204.98%	-943.35%	693.87%
Free Cash Flow to Firm to Interest Expense	-1.06	1.27	7.23	-0.03	-14.51	-2.79	-4.15	-4.49	-0.30	0.00	-19.46
Operating Cash Flow to Interest Expense	-4.76	-1.35	14.49	2.38	-2.44	-4.07	5.73	0.53	3.84	0.00	11.33
Operating Cash Flow Less CapEx to Interest Expense	-5.09	-1.45	14.39	2.20	-2.51	-4.59	4.97	0.29	3.79	0.00	9.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.25	1.29	1.23	1.26	1.29	1.40	1.39	1.45	1.52	1.70
Accounts Receivable Turnover	56.15	49.10	47.26	48.43	58.31	51.78	50.52	53.21	60.18	65.10	61.09
Inventory Turnover	2.05	2.21	2.31	2.05	2.10	2.09	2.37	2.22	2.25	2.40	2.89
Fixed Asset Turnover	6.97	7.26	7.16	7.32	7.49	7.82	8.15	8.86	9.79	10.26	11.59
Accounts Payable Turnover	18.85	30.66	19.98	18.19	21.83	33.29	23.04	20.13	22.81	35.58	23.49
Days Sales Outstanding (DSO)	6.50	7.43	7.72	7.54	6.26	7.05	7.22	6.86	6.06	5.61	5.97
Days Inventory Outstanding (DIO)	178.25	165.01	158.15	178.09	173.68	174.90	153.86	164.22	162.25	151.93	126.39
Days Payable Outstanding (DPO)	19.36	11.91	18.27	20.06	16.72	10.96	15.84	18.13	16.00	10.26	15.54
Cash Conversion Cycle (CCC)	165.39	160.54	147.60	165.56	163.22	170.98	145.25	152.95	152.31	147.28	116.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,380	2,953	2,726	3,001	3,270	3,119	2,801	2,928	2,863	2,968	2,494
Invested Capital Turnover	1.84	2.01	2.17	2.03	1.99	2.05	2.42	2.37	2.40	2.60	3.30
Increase / (Decrease) in Invested Capital	66	-165	-75	73	408	151	307	353	71	576	712
Enterprise Value (EV)	4,739	4,419	4,677	4,413	5,524	5,127	4,330	5,263	4,424	4,536	4,212
Market Capitalization	1,648	1,791	2,049	1,510	2,346	2,164	1,678	2,472	1,687	1,716	1,926
Book Value per Share	$3.04	$3.84	$1.27	$1.25	$2.20	$2.00	$1.78	$1.63	$1.57	$1.77	$2.49
Tangible Book Value per Share	($4.47)	($5.03)	($7.63)	($7.65)	($14.42)	($6.61)	($6.59)	($6.36)	($6.03)	($5.93)	($4.17)
Total Capital	3,422	3,163	2,765	3,033	3,306	3,171	2,855	2,983	2,942	3,098	2,642
Total Debt	2,963	2,678	2,592	2,866	3,154	2,913	2,584	2,725	2,716	2,850	2,305
Total Long-Term Debt	1,619	1,493	1,538	1,546	1,713	1,520	1,543	1,543	1,647	1,505	1,389
Net Debt	2,942	2,470	2,564	2,843	3,124	2,873	2,531	2,670	2,643	2,720	2,156
Capital Expenditures (CapEx)	16	13	2.17	12	1.93	30	42	13	2.43	35	49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,832	1,567	1,423	1,676	1,792	1,755	1,511	1,730	1,650	1,826	1,443
Debt-free Net Working Capital (DFNWC)	1,853	1,775	1,451	1,699	1,822	1,795	1,564	1,784	1,723	1,957	1,591
Net Working Capital (NWC)	509	590	397	379	382	401	524	602	654	611	676
Net Nonoperating Expense (NNE)	39	49	78	48	54	39	48	45	51	77	25
Net Nonoperating Obligations (NNO)	2,921	2,469	2,553	2,834	3,118	2,861	2,530	2,670	2,637	2,720	2,156
Total Depreciation and Amortization (D&A)	23	21	21	20	19	19	18	17	15	19	18
Debt-free, Cash-free Net Working Capital to Revenue	29.79%	25.69%	23.69%	27.89%	29.36%	28.18%	23.62%	26.51%	24.30%	26.21%	20.42%
Debt-free Net Working Capital to Revenue	30.14%	29.10%	24.17%	28.28%	29.85%	28.82%	24.45%	27.35%	25.37%	28.08%	22.52%
Net Working Capital to Revenue	8.28%	9.68%	6.61%	6.31%	6.25%	6.44%	8.19%	9.23%	9.63%	8.77%	9.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.20)	($0.64)	$0.12	$0.22	($0.50)	($0.33)	$0.36	$0.65	$0.07	($2.01)	$0.98
Adjusted Weighted Average Basic Shares Outstanding	62.53M	48.01M	45.23M	45.09M	45.05M	44.63M	44.67M	44.49M	44.46M	0.00	41.99M
Adjusted Diluted Earnings per Share	($0.21)	($0.60)	$0.09	$0.22	($0.51)	($0.44)	$0.32	$0.64	$0.05	($1.99)	$0.97
Adjusted Weighted Average Diluted Shares Outstanding	102.43M	48.01M	85.62M	45.24M	85.09M	84.97M	85.18M	44.80M	84.72M	0.00	42.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	102.04M	102.01M	84.96M	84.60M	84.54M	84.54M	84.25M	84.02M	83.93M	83.93M	83.60M
Normalized Net Operating Profit after Tax (NOPAT)	14	-8.69	46	81	8.14	-8.64	80	110	57	7.51	128
Normalized NOPAT Margin	0.97%	-0.72%	2.69%	4.46%	0.60%	-0.78%	4.64%	5.78%	3.86%	0.59%	6.92%
Pre Tax Income Margin	-1.99%	-5.63%	0.35%	1.74%	-4.39%	-6.19%	2.00%	4.12%	0.35%	-2.65%	6.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.42	0.44	1.27	1.49	-1.15	-0.20	1.63	2.45	1.10	0.00	5.18
NOPAT to Interest Expense	0.30	-0.09	3.86	1.11	0.11	-0.15	1.43	2.02	1.07	0.00	4.26
EBIT Less CapEx to Interest Expense	0.09	0.34	1.17	1.31	-1.22	-0.72	0.87	2.21	1.05	0.00	3.54
NOPAT Less CapEx to Interest Expense	-0.03	-0.19	3.76	0.93	0.04	-0.67	0.67	1.78	1.02	0.00	2.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-67.68%	-55.06%	-59.67%	-120.58%	-1,567.83%	185.80%	290.12%	149.58%	100.92%	79.43%	58.14%
Augmented Payout Ratio	-69.54%	-55.58%	-59.67%	-120.58%	-1,567.83%	185.80%	290.12%	149.58%	100.92%	103.04%	90.06%

Frequently Asked Questions About Camping World's Financials

When does Camping World's fiscal year end?

According to the most recent income statement we have on file, Camping World's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Camping World's net income changed over the last 9 years?

Camping World's net income appears to be on a downward trend, with a most recent value of -$78.88 million in 2024, falling from $123.63 million in 2014. The previous period was $52.93 million in 2023. Find out what analysts predict for Camping World in the coming months.

What is Camping World's operating income?

Camping World's total operating income in 2024 was $148.57 million, based on the following breakdown:

Total Gross Profit: $1.83 billion
Total Operating Expenses: $1.68 billion

How has Camping World revenue changed over the last 9 years?

Over the last 9 years, Camping World's total revenue changed from $2.63 billion in 2014 to $6.10 billion in 2024, a change of 131.5%.

How much debt does Camping World have?

Camping World's total liabilities were at $4.38 billion at the end of 2024, a 5.5% decrease from 2023, and a 437,832,800,000.0% increase since 2014.

How much cash does Camping World have?

In the past 10 years, Camping World's cash and equivalents has ranged from $0.00 in 2017 to $267.33 million in 2021, and is currently $208.42 million as of their latest financial filing in 2024.

How has Camping World's book value per share changed over the last 10 years?

Over the last 10 years, Camping World's book value per share changed from 0.00 in 2014 to 3.84 in 2024, a change of 384.4%.

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This page (NYSE:CWH) was last updated on 5/30/2025 by MarketBeat.com Staff

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Camping World (CWH) Financials

Frequently Asked Questions About Camping World's Financials

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Camping World (CWH) Financials

Annual Income Statements for Camping World

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Quarterly Cash Flow Statements for Camping World

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Quarterly Metrics And Ratios for Camping World

Frequently Asked Questions About Camping World's Financials

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