CWH on NYSE

Camping World

Logo: Catmich2022, Public domain, via Wikimedia Commons4

Camping vehicle and equipment manufacturer

Camping World Holdings, Inc. is an American corporation specializing in selling recreational vehicles (RVs), recreational vehicle parts, and recreational vehicle service.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

$6.4BRevenue, fiscal 20255
-$89.8MNet income, fiscal 20255
1966Founded1

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  • TickerCWH on NYSE1
  • Industryretail1
  • HeadquartersBowling Green1
  • Websitewww.campingworld.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address2 Marriott Drive, Lincolnshire, Il 600696
  • Filer categoryLarge accelerated filer6
Camping World - Belleville, Michigan
Photo: PeRshGo, CC BY-SA 4.0, via Wikimedia Commons8

Camping World Holdings, Inc. is an American corporation specializing in selling recreational vehicles (RVs), recreational vehicle parts, and recreational vehicle service. They also sell supplies for camping. The company has its headquarters in Lincolnshire, Illinois. In October 2016 it became a publicly traded company when it raised $251 million in an IPO. Camping World has 202 locations. In addition to its RV dealerships and accessories stores, the company sells goods through phone order and online. It claims to be the world's largest supplier of RV parts and supplies.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.8%Operating margin5
-1.4%Net margin5
4.4%Revenue growth, 20255
-39.3%Return on equity5
6.18×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

RV and Outdoor Retail brought in 94% of the revenue Camping World broke down this way in fiscal 2025.

  1. RV and Outdoor Retail$6.2B594%up 4% from 2024
  2. Good Sam Services and Plans$200.9M53%up 3% from 2024
  3. Good Sam services and plans$199.8M53%up 3% from 2024
Business segments by year
Business segments202320242025
RV and Outdoor Retail$6.0B$5.9B$6.2B
Good Sam Services and Plans$194.8M$195.6M$200.9M
Good Sam services and plans$193.8M$194.6M$199.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue71¢$4.5B
  • Selling, general and admin25¢$1.6B
  • Other costs1¢$48.1M
  • Income tax4¢$225.8M

Out of $6.4B in revenue.5 The company lost money this year.

Financial statements

Revenue9101112135$6.4B in 2025+33% since 2018
0$2.0B$4.0B$6.0B$8.0B2018: $4.8B$4.8B20182019: $4.9B$4.9B2019+2%2020: $5.4B$5.4B2020+11%2021: $6.9B$6.9B2021+27%2022: $7.0B$7.0B2022+1%2023: $6.2B$6.2B2023−11%2024: $6.1B$6.1B2024−2%2025: $6.4B$6.4B2025+4%
Operating income9101112135$180.2M in 2025−10% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $201.0M$201.0M20182019: $8.7M$8.7M2019−96%2020: $476.2M$476.2M2020+5344%2021: $799.5M$799.5M2021+68%2022: $568.5M$568.5M2022−29%2023: $267.1M$267.1M2023−53%2024: $148.6M$148.6M2024−44%2025: $180.2M$180.2M2025+21%
Net income9101112135-$89.8M in 2025
-$100.0M0$100.0M$200.0M$300.0M2018: $10.4M$10.4M20182019: -$60.6M-$60.6M20192020: $122.3M$122.3M20202021: $278.5M$278.5M2021+128%2022: $123.7M$123.7M2022−56%2023: $33.4M$33.4M2023−73%2024: -$38.6M-$38.6M20242025: -$89.8M-$89.8M2025+132%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Total revenue$6.4B$6.1B$6.2B
Total costs applicable to revenue$4.5B$4.3B$4.3B
Selling, general, and administrative$1.6B$1.6B$1.5B
Depreciation and amortization$95.3M$81.2M$68.6M
Long-lived asset impairment$1.2M$15.1M$9.3M
Gain on lease termination and/or remeasurement-$2.0M-$2.3M-$103.0K
(Gain) loss on sale or disposal of assets-$850.0K$9.9M-$5.2M
Total operating expenses$1.7B$1.7B$1.6B
Income from operations$180.2M$148.6M$267.1M
Floor plan interest expense-$76.8M-$95.1M-$83.1M
Other interest expense, net-$121.8M-$140.4M-$135.3M
Tax Receivable Agreement liability adjustment$149.0M$0$2.4M
Other expense, net-$10.4M-$3.3M-$1.8M
Total other expense-$60.0M-$238.8M-$217.7M
Income (loss) before income taxes$120.2M-$90.3M$49.4M
Income tax (expense) benefit-$225.8M$11.4M$3.5M
Net (loss) income-$105.6M-$78.9M$52.9M
Less: net (loss) income attributable to non-controlling interests$15.8M$40.2M-$19.6M
Net (loss) income attributable to Camping World Holdings, Inc.-$89.8M-$38.6M$33.4M

Compare Camping World with another company

The story

Camping World began in 1966 with a small store in Beech Bend Park, an amusement park outside of Bowling Green, Kentucky, which billed its campground as the world's largest. Campers at the park were requesting a store where they could buy supplies, so David Garvin—son of the park's owner—took out a loan and opened the store. Garvin amassed a large customer list as the years went by, which proved to be sagacious later when he added a mail-order division to the company. That division thrived, fueling the company's growth for years to come.

In 1997, Garvin sold the company to Affinity Group (now known as Good Sam Enterprises), of Ventura, California.

In 2005, Garvin announced plans for a huge development near Franklin, Kentucky called "Garvin's". The development, described by Garvin as "a combination of Disney World, Camping World and Bass Pro Shops", will feature a large Camping World store with RV 250 service bays; a five-story, 650,000 square foot (60,000 m2) permanent RV trade show and exhibition area; a "free-range" campground with dry-camping sites; camping museum; and much more. Due to the recession, however, the venture never got off the ground and much of the land proposed for development was sold at auction in October 2011.

In early October 2016 Camping World raised $251 million in an initial public offering. The 11.4 million shares sold for $22 each. Marcus Lemonis co-owns the company with private equity firm Crestview Partners and plans to retain "substantial control" through his ownership of ML Acquisition and ML R.V. Group.

On December 8, 2025, it was announced that current President Matthew Wagner would be succeeding Marcus Lemonis as CEO of Camping World starting January 1, 2026, and Lemonis will serve as Special Advisor to the company after he retires from his CEO position.

From Wikipedia’s article on Camping World, shared under CC BY-SA 4.0.7

Leadership

Who has led Camping World, and when. Pick a name to see everywhere that person has worked.

Products and brands

Under the Freedom Roads brand, the company sold RVs through a network of about three dozen independent dealers. In 2007, the company opened the Camping World RV Sales dealership; formerly known as Stout's RV. It is located on Interstate 65 south of Indianapolis, Indiana. Since then, the chain of dealerships has expanded to more than 200 locations across 44 US states.

The company also operates RVs.com.

In 2017, the company expanded into hunting and fishing gear by acquisition of Gander Mountain, which includes the Gander Outdoors and Overton's brands. The company also acquired the outdoor gear retailer The House in 2017.

In December 2020, Lemonis announced a partnership with electric vehicle manufacturer Lordstown Motors. The deal stated that Camping World act as the service and maintenance provider for the Lordstown Endurance pickup truck, as well as potentially marketing and selling the truck at their Camping World centers. As of June 2021, the two companies announced the deal was off.

From Wikipedia’s article on Camping World, shared under CC BY-SA 4.0.7

Employees over time

  • 20167,2211

Timeline

  1. 1966Founded Founded1

Recent filings

  1. Oct 5, 20268-K
  2. Oct 1, 2026SCHEDULE 13G
  3. Aug 31, 20268-K
  4. Aug 18, 20264 OWNERSHIP DOCUMENT
  5. Aug 18, 20264 OWNERSHIP DOCUMENT
  6. Aug 18, 20264 OWNERSHIP DOCUMENT
  7. Aug 14, 2026SCHEDULE 13G/A
  8. Aug 14, 2026SCHEDULE 13G/A
  9. Aug 11, 2026SCHEDULE 13G
  10. Jul 31, 202610-Q
  11. Jul 31, 2026SCHEDULE 13G/A
  12. Jul 29, 20268-K
  13. Jul 2, 2026SCHEDULE 13G/A
  14. May 28, 20264/A OWNERSHIP DOCUMENT
  15. May 26, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2