How profitable is Camping World Holdings Inc. (Class A) (CWH)?

In FY 2025 (10-K), CWH converted $6.4B of revenue into a 29.5% gross margin, 2.8% operating margin, and $0 in free cash flow (0% FCF margin).

Stock Ratings / Consumer Discretionary / CWH / financials

SAH (56) KXIN (34) GPI (65) ABG (48) ⌘ Pro Terminal →

Camping World Holdings Inc. (Class A) (CWH) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$5.35 +7.00% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $5.41

Camping World Holdings Inc. (Class A) (CWH) carries a Roarable Rating of E (Strong Sell) with 24/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $516.5M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is CWH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Camping World Holdings Inc. (Class A) (NYSE: CWH) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 24/100 at a spot price of $5.35 (+7.00% 1D, market cap $516.5M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 3/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 7/20. Across 1009 tracked Consumer Discretionary issuers, CWH ranks #951 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does CWH compare to SAH and KXIN in the Consumer Discretionary sector?

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Within the Consumer Discretionary sector (Retail-Auto Dealers and Gas Stations), CWH carries a Roarable E (24/100 RQD), trailing P/E of N/A, gross margin of 29.5%, and ROIC of 10.0%. By comparison, SAH (Sonic Automotive Inc.) holds a D+ grade (56/100 RQD, P/E 16.9x, ROIC 11.1%, cap $2.00B) and KXIN (Kaixin Holdings) posts a E grade (34/100 RQD, P/E N/A, ROIC -35.0%, cap $89.7M). Among the 5-stock peer group, ABG leads on earnings multiple (7.3x) while GPI leads on capital efficiency (21.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for CWH?

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Per CWH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001669779), Camping World Holdings Inc. (Class A) generated $6.37B in revenue (+4.4% YoY), -$105.6M in net income, and -$132.0M in free cash flow against $5.04B in total assets and $1.41B in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

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INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $5.41 (+1.07%)🧬 Disciplined Float (+0.16% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (24/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-10.9% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-15.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for CWH)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (24/100 Composite)

🔍 WHY CWH SCORES 24/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+7/20 pts (29% of score)

20D Institutional Volume Accumulation (±12.5% realized swing band)

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+7/20 pts (29% of score)

SEC Form 4 / 13F Thermometer: 35% Net Buy • Disciplined Float (+0.16% YoY Shares)

▼ #1 Drag / Risk Factor: Macro Regime Fit4/20 pts (-16 pt drag)

Macro rate sensitivity & RSI-14 (54.7) create a -16 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$4.45+1.6% Next Q

Q2 (-2Q)

Grade E$4.52-1.1% Next Q

Q3 (-1Q)

Grade E$4.47+19.7% Next Q

Current

Grade E$5.35-10.9% Hist 90D α

Trajectory: E (16) → E (24)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a CWH Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While CWH currently carries a cautious 24/100 (E) rating due to Macro Regime Fit (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($5.32) and Max Pain ($5.62) forces dealer call-delta covering toward $15.94.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.16% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $CWH• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “CWH Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 24%NO 76%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How CWH Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $6.23B

FY24

Rev $6.10B

FY25

Rev $6.37B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$6.37B	29.5%	2.8%	-$105.6M	-$132.0M	10%
FY 2024	$6.10B	29.9%	2.4%	-$78.9M	$245.2M	7.3%
FY 2023	$6.23B	29.5%	4.3%	$52.9M	$310.8M	10%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring CWH)

✓Walkthrough of CWH's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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CWH // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -27.99%▼ DESCENDING CHANNEL

2026-11-03O $5.01H $5.35L $5.00C $5.35VOL 2.67M

RES: $5.86SUP: $3.36SMA50: $5.32SMA200: $7.30

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

CWH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 CWH Butterfly Map → + Track CWH →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

2.3%/yr Implied 5Y Growth

vs. +4.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on CWH today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for CWH. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for CWH today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (CWH)

Consumer Discretionary Rank #951 of 1009 ⚔️ SAH vs CWH Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (CWH vs. SAH, KXIN, GPI, ABG)

Industry: Retail-Auto Dealers and Gas Stations (20 Tracked Issuers)

Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, Camping World Holdings Inc. (Class A) (CWH) ranks #951 by composite RQD confidence (24/100, grade E) and #581 by equity capitalization ($516.5M). Within this direct 5-issuer industry benchmark cohort, ABG leads on earnings valuation at 7.3x trailing P/E, while GPI leads on capital efficiency and profitability with 21.0% ROIC and 16.0% gross margin. GPI currently holds the highest overall quantitative score in the immediate peer group at 65/100 (C) compared with CWH at 24/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
CWH ACTIVE Camping World Holdings Inc. (Class A)	E	24/100	—	29.5%	10.0%	+7.00%	$516.5M	Benchmark Subject
SAH Sonic Automotive Inc.	D+	56/100	16.9x	15.7%	11.1%	+0.60%	$2.00B	/sah-vs-cwh →
KXIN Kaixin Holdings	E	34/100	—	96.0%	-35.0%	+6.06%	$89.7M	/kxin-vs-cwh →
GPI Group 1 Automotive Inc.	C	65/100	9.5x	16.0%	21.0%	+3.45%	$3.12B	/gpi-vs-cwh →
ABG Asbury Automotive Group Inc	D	48/100	7.3x	17.1%	14.0%	+4.36%	$3.56B	/abg-vs-cwh →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001669779 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Camping World Holdings Inc. (Class A) (CWH) reported GAAP revenue of $6.37B (+4.4% vs. FY2024 revenue of $6.10B , and +2.3% cumulative change since FY2023) , GAAP net income of -$105.6M, operating cash flow of -$132.0M, and free cash flow of -$132.0M (-153.8% YoY). On the balance sheet, CWH closed FY2025 with $5.04B in total assets against $1.41B in total debt (Altman Z-Score: 1.55, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$6.37B	-$105.6M	-$132.0M	-$132.0M	$5.04B	$1.41B
FY2024 (FY)	2024-12-31	$6.10B	-$78.9M	$245.2M	$245.2M	$4.86B	$1.49B
FY2023 (FY)	2023-12-31	$6.23B	$52.9M	$310.8M	$310.8M	—	—

3. CWH Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is CWH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does CWH compare to SAH and KXIN in the Consumer Discretionary sector?

What are the biggest fundamental strengths and SEC risk factors for CWH?

Where is CWH trading relative to its 50-day, 200-day, and 52-week technical levels?

CWH last traded at $5.35 (+7.00% on volume of 2,671,876 shares), positioning the stock +0.56% above its 50-day simple moving average ($5.32) and -26.71% below its 200-day simple moving average ($7.30). Across its 52-week range of $3.96 to $15.18, CWH sits at the 12.4% percentile with a 14-day RSI of 54.7 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($4.68 to $6.02).

Direct Sub-Reports: CWH RQD Cockpit CWH 12M Forecast CWH Earnings & Move CWH Dividends & DRIP CWH Insiders & 13F CWH Whale Options CWH Profit Sankey CWH News & Why

ROARABLE RATING BRIEF • RQD 24/100 (E) ✓ SEC XBRL & RQD VERIFIED

CWH — Camping World Holdings Inc. (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Camping World Holdings Inc. (Class A) (CWH) earns a live Roarable RQD composite score of 24/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $5.35 (+7.00% 1D, market capitalization $516.5M).

Fundamental Cash Engine (6/20): Anchored by return on invested capital (ROIC) of 10.0%, gross margin of 29.5%, operating margin of 2.8%, and free cash flow yield of —.
Whale 13F & Options Flow (7/20) + Insider Conviction (7/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (3/20) + Forensic Balance Sheet (3/20): Incorporates a 1.00x equity beta, Altman Z-Score of 1.55, Piotroski F-Score of 3/9, and Debt/Equity of 6.18x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Camping World Holdings Inc. (Class A) is a NYSE-listed issuer in the Consumer Discretionary sector, within the Retail-Auto Dealers and Gas Stations industry. Reported revenue is $6.37B for FY 2025. Customer segments, product lines, and revenue mix beyond this are not detailed in the source data. Gross margin is 29.5% per the market data.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Camping World Holdings Inc. (Class A) (CWH) reported $6.37B in annual revenue (up from $6.10B in FY2024, +4.4% YoY) and -$105.6M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($6.23B revenue, $52.9M net income) through FY2025, CWH scaled operating cash flow to -$132.0M and free cash flow to -$132.0M, backed by $5.04B in total assets against $1.41B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 24/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 7/20. With Fundamental Cash Engine at 6/20 and Institutional Whale Flow at 7/20, sustained execution supports upside toward the upper end of the $3.96 – $15.18 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation and 9.5x EV/EBITDA against 2.8% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Retail-Auto Dealers and Gas Stations (Consumer Discretionary), CWH carries a macro regime beta of 1.00 and gross margin of 29.5%.

Key Question #1: Can CWH sustain or expand its 2.8% operating margin and 10.0% ROIC against Retail-Auto Dealers and Gas Stations peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $6.37B and free cash flow of -$132.0M, how will capital allocation balance growth reinvestment against $1.41B in total debt?
Key Question #3: How sensitive is CWH's equity valuation to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

CWH Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Camping World Holdings Inc. (Class A) (CWH) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to CWH Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo! Finance Canada • 21h ago

Camping World Holdings, Inc. (CWH) Stock Price, News, Quote & History

Yahoo! Finance Canada report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Investing.com • 1d ago

Raymond James reiterates Camping World stock rating amid guidance miss

Investing.com report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH TradingView • 1d ago

Camping World Holdings, Inc. Stock 12‑Month Price Target Cut to $10.02, Implies 120% Upside

TradingView report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Yahoo Finance • 1d ago

Bear of the Day: Camping World (CWH)

Yahoo Finance report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Stock Traders Buy High Volume of Camping World Call Options (NYSE:CWH)

MarketBeat report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE The Globe and Mail • 1d ago

BMO Capital Reaffirms Their Buy Rating on Camping World Holdings (CWH)

The Globe and Mail report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH StockStory • 1d ago

3 Small-Cap Stocks with Warning Signs

StockStory report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Simply Wall St • 1d ago

Wondering Why Camping World Fell 70%? Here's What Bears Saw

Simply Wall St report covering Camping World Holdings Inc. (Class A) (CWH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

CWH Bull vs. Bear Conversation Board — What's Your Call at $5.35?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON CWH 🐻 33% BEARISH CONVICTION

MI MidwestValue RQD DEBATE OPENER • Fundamental Long-Only 🐂 BULLISH 🎯 Target: $5.75 (+15.0%)

📌 Pinned Debate

BMO Capital reaffirmed a Buy rating and call-option buying spiked, with the stock up 9.39% on the day.

BMO Capital reaffirmed a Buy rating and call-option buying spiked, with the stock up 9.39% on the day.. When you look under the hood at CWH, Fundamental Cash Engine is 6/20 with 29.5% gross margins and 10.0% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (7/20) has been quietly accumulating below $15.18. My 12M target is $5.75.

ArenaChamp_24 🐂 BULL

@MultipleCompression Fair point on current EV/EBITDA multiples, but you're ignoring the forward operating leverage in Retail-Auto Dealers and Gas Stations. If gross margin (29.5%) holds, EPS grows into the multiple faster than bears think.

MU MultipleCompression RQD DEBATE OPENER • Valuation Discipline 🐻 BEARISH 🎯 Target: $4.30 (-14.0%)

Spot @ $5.00

The RQD forensic balance sheet scores 1/20 with Debt/Equity of 6.18, and FCF turned to -$132.0M in FY 2025.

Fading this rally in CWH at $5.00. The RQD forensic balance sheet scores 1/20 with Debt/Equity of 6.18, and FCF turned to -$132.0M in FY 2025.. With a beta of 1.0 and the stock sitting at $5.00 (52-wk range $3.96–$15.18), the easy multiple expansion is already priced in.