NYSE$CWH

Camping World Holdings Inc. · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Camping World reported Q4 2025, revenue of $1.20B, net loss of $109.1M, diluted EPS of $-1.07.

For Q4 2025, Camping World reported revenue of $1.20B, a net loss of $109.1M, diluted EPS was $-1.07. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $1.20B.
  • Net loss $109.1M.
  • Diluted EPS $-1.07.

Headline financials

Total Revenue

$1.2B

Previous: $1.2B-0.4%
EPS (adj)

-$1.07

Previous: -$0.47-127.7%
New Vehicle Unit Sales

10.8K

Previous: 11.6K-7.1%
Used Vehicle Unit Sales

12.0K

Previous: 10.6K+13.8%
Combined Unit Sales

22.8K

Previous: 22.1K+2.9%
New Vehicle Avg Price

$42.6K

Previous: $43K-0.9%
Used Vehicle Avg Price

$32.1K

Previous: $32.9K-2.5%
SS New Unit Growth

-5.3%

No prior period
SS Used Unit Growth

14.7%

No prior period
Total SS Unit Growth

4.3%

No prior period
New Vehicle Gross Margin

12.3%

Previous: 15.2%-19.1%
Used Vehicle Gross Margin

16.0%

Previous: 18.7%-14.4%
PSO Gross Margin

46.4%

Previous: 43.3%+7.2%
Total Gross Margin

28.8%

Previous: 31.3%-8.0%
Total Store Locations

196

Previous: 206-4.9%
Active Customers

4.2M

Previous: 4.5M-6.2%
Good Sam Club Members

1.6M

Previous: 1.8M-7.7%
Service Bays

2.8K

Previous: 2.8K-0.6%
F&I % of Vehicle Revenue

13.2%

Previous: 14.1%-6.4%
Total SS Revenue Growth

-2.6%

No prior period
Net Income

-$109M

Previous: -$59.5M-83.2%
Operating Income

-$50M

Previous: -$15.5M-223.9%
Gross Profit

$338M

Previous: $377M-10.3%

Revenue & EPS history

Camping World · Revenue · Quarterly

$1.2B

Q4 2025-0.4%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Camping World · $1.73B total across 6 segments · Q3 2023

  • New Vehicles
    $679M
  • Used Vehicles
    $590M
  • Products, Service and Other
    $236M
  • Finance and Insurance, net
    $164M
  • Good Sam Services and Plans
    $49.9M
  • Good Sam Club
    $11.1M

Forward guidance

The release discusses Camping World's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Camping World cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-1.4%

Avg return

Earnings day

-2.6%

Avg return

5 days after

-0.3%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+34.7%

Q1 2020

Best reaction

-24.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+18.2%+6.5%+5.8%
Q4 2025-16.5%-25.5%-36.3%
Q3 2025-24.9%-23.3%-33.5%
Q2 2025-15.3%-15.9%-0.7%
Q1 2025+9.9%+15.2%+34.8%
Q4 2024-0.2%-10.2%-21.2%
Q3 2024+8.6%-4.1%+16.5%
Q2 2024-4.1%-12.6%-4.2%
Q1 2024-0.7%+1.6%-0.8%
Q4 2023-1.9%-1.0%-1.5%
Q3 2023+11.1%+13.3%+32.7%
Q2 2023-14.5%-14.4%-22.8%
Q1 2023+8.3%+10.2%+18.0%
Q4 2022-9.5%-9.8%-26.1%
Q3 2022-8.0%-6.9%-2.0%
Q2 2022+7.7%+4.8%+7.1%
Q1 2022+14.1%+9.9%-1.6%
Q4 2021-10.4%-6.2%-7.1%
Q3 2021+13.0%+7.4%+7.9%
Q2 2021+6.8%+6.1%+0.8%
Q1 2021+3.9%+5.3%-6.7%
Q4 2020-15.8%-12.9%-3.0%
Q3 2020+11.0%+7.1%+16.4%
Q2 2020-15.5%-17.7%-22.0%
Q1 2020+34.7%+42.6%+112.8%
Q4 2019-5.9%-12.9%-53.4%
Q3 2019+8.3%+14.4%+39.0%
Q2 2019-19.9%-22.3%-27.8%
Q1 2019-16.7%-21.3%-17.2%
Q4 2018+1.1%+6.3%+13.3%
Q3 2018-4.9%-10.9%-12.0%
Q2 2018-11.6%-8.6%-7.6%
Q1 2018-18.3%-20.9%-17.3%
Q4 2017-2.9%-0.6%-22.1%
Q3 2017-5.8%-4.6%+5.8%
Q2 2017+7.0%+9.7%+19.1%
Q1 2017+2.1%-2.2%-12.2%
Q4 2016-5.4%-5.4%-18.8%
Q3 2016+9.7%+9.3%+37.9%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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