Camping World (CWH) Financials

$11.98 -0.39 (-3.15%)

As of 01:52 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	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	124	174	189	4,236	-61	122	278	124	33	-39
Consolidated Net Income / (Loss)	124	174	198	4,437	-120	344	642	338	53	-79
Net Income / (Loss) Continuing Operations	124	174	198	4,437	-120	344	642	338	53	-79
Total Pre-Tax Income	126	176	204	386	-91	402	734	450	49	-90
Total Operating Income	185	240	277	356	8.75	476	800	569	267	149
Total Gross Profit	746	3,279	994	5,447	1,287	1,702	2,456	2,262	1,879	1,825
Total Revenue	2,635	3,279	3,516	8,560	4,892	5,447	6,914	6,967	6,227	6,100
Operating Revenue	2,635	3,279	3,516	8,560	4,892	5,447	6,914	6,967	6,227	6,100
Total Cost of Revenue	1,889	0.00	2,523	2,965	3,605	3,744	4,457	4,705	4,348	4,274
Operating Cost of Revenue	1,889	-	2,523	2,965	3,605	3,744	4,457	4,705	4,348	4,274
Total Operating Expenses	561	3,039	717	885	1,279	1,226	1,657	1,694	1,612	1,677
Selling, General & Admin Expense	536	635	692	853	1,142	1,156	1,574	1,607	1,539	1,573
Depreciation Expense	25	24	25	32	60	52	66	80	69	81
Other Operating Expenses / (Income)	-	2,380	1.22	0.39	-0.69	4.55	2.21	1.61	-0.10	-2.30
Impairment Charge	-	-	-	-	66	12	3.04	4.23	9.27	15
Other Special Charges / (Income)	0.03	-0.24	-0.56	-0.13	11	1.33	-0.58	0.62	-5.22	9.86
Total Other Income / (Expense), net	-59	-65	-72	30	-99	-74	-65	-118	-218	-239
Interest Expense	13	11	24	28	109	20	15	42	218	236
Other Income / (Expense), net	-47	-53	-48	58	10	-55	-50	-76	0.67	-3.26
Income Tax Expense	2.14	1.36	5.80	155	30	58	92	112	-3.53	-11
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	9.59	201	-60	222	364	214	20	-40
Basic Earnings per Share	-	$0.00	$0.08	$2.24	($1.62)	$0.00	$0.00	$0.00	$0.75	($0.80)
Weighted Average Basic Shares Outstanding	-	0.00	18.77M	53.24M	37.31M	0.00	0.00	0.00	44.63M	48.01M
Diluted Earnings per Share	-	$0.00	$0.07	$2.24	($1.62)	$0.00	$0.00	$0.00	$0.57	($0.80)
Weighted Average Diluted Shares Outstanding	-	0.00	83.60M	53.24M	37.35M	0.00	0.00	0.00	84.97M	48.01M
Weighted Average Basic & Diluted Shares Outstanding	-	-	1.74B	87.64M	88.24M	88.43M	85.68M	83.93M	84.54M	102.01M

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

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

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

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	4,511	4,631	4,803	4,657	5,023	4,962	4,645
Total Current Assets	2,300	2,339	2,444	2,203	2,437	2,409	2,108
Cash & Equivalents	148	73	54	53	30	24	28
Accounts Receivable	117	109	119	136	100	129	118
Inventories, net	1,900	1,980	2,077	1,869	2,078	2,014	1,782
Prepaid Expenses	47	59	56	39	69	68	57
Other Current Assets	87	104	132	101	154	165	112
Other Current Nonoperating Assets	0.00	14	4.64	4.64	6.28	8.42	10
Plant, Property, & Equipment, net	728	751	785	842	879	856	837
Total Noncurrent Assets	1,483	1,540	1,574	1,613	1,707	1,697	1,701
Goodwill	533	623	656	688	736	731	733
Intangible Assets	22	15	15	14	13	21	20
Noncurrent Deferred & Refundable Income Taxes	179	145	141	142	154	150	158
Other Noncurrent Operating Assets	749	757	762	768	805	795	790
Total Liabilities & Shareholders' Equity	4,511	4,631	4,803	4,657	5,023	4,962	4,645
Total Liabilities	4,174	4,405	4,545	4,386	4,871	4,795	4,473
Total Current Liabilities	1,625	1,685	1,842	1,679	2,055	2,030	1,711
Short-Term Debt	915	1,069	1,182	1,041	1,440	1,320	1,054
Accounts Payable	188	186	201	200	205	260	221
Accrued Expenses	253	172	193	172	149	187	183
Current Deferred Revenue	102	94	97	100	96	99	101
Current Deferred & Payable Income Tax Liabilities	12	11	14	14	13	12	0.00
Other Current Liabilities	155	145	152	148	152	150	151
Other Current Nonoperating Liabilities	0.00	7.65	4.13	4.02	0.00	0.00	0.00
Total Noncurrent Liabilities	2,549	2,720	2,703	2,707	2,815	2,766	2,762
Long-Term Debt	1,389	1,546	1,543	1,543	1,577	1,546	1,538
Noncurrent Deferred Revenue	73	69	70	70	66	67	68
Other Noncurrent Operating Liabilities	1,087	839	1,091	1,094	886	1,153	1,156
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	337	226	258	271	152	167	173
Total Preferred & Common Equity	208	132	137	149	99	106	108
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	208	132	137	149	99	106	108
Common Stock	118	115	116	109	99	101	95
Retained Earnings	281	196	197	208	157	161	161
Treasury Stock	-191	-179	-177	-168	-158	-156	-148
Noncontrolling Interest	130	94	121	122	53	61	65

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

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

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

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

Frequently Asked Questions About Camping World's Financials

When does Camping World's financial year end?

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

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 4/15/2025 by MarketBeat.com Staff

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Camping World (CWH) Financials

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