CWH on NYSE

Camping World

Logo: Catmich2022, Public domain, via Wikimedia Commons5

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. They also sell supplies for camping. The company has its headquarters in Lincolnshire, Illinois.3 Its chief executive is Marcus Lemonis.1 It employed 7,221 people in 2016.1 Its shares trade on NYSE under the symbol CWH.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$6.4BRevenue, fiscal 20256
-$89.8MNet income, fiscal 20256
1966Founded1

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  • TickerCWH on NYSE1
  • Industryretail1
  • HeadquartersBowling Green1
  • Websitewww.campingworld.com
  • Legal formDelaware corporation1
  • LEI549300E828QQI7MWI4324
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 59651454
Camping World - Belleville, Michigan
Photo: PeRshGo, CC BY-SA 4.0, via Wikimedia Commons10

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 margin6
-1.4%Net margin6
4.4%Revenue growth, 20256
-39.3%Return on equity6
6.18×Debt to equity6

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$6.2B694%up 4% from 2024
  2. Good Sam Services and Plans$200.9M63%up 3% from 2024
  3. Good Sam services and plans$199.8M63%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.6 The company lost money this year.

Financial statements

Revenue11121314156$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 income11121314156$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 income11121314156-$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 as filed: the last 3 fiscal years, latest first.6

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

Corporate structure

Camping World sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Camping World

  • Camping World Lincolnshire, Illinois, United States
    • CWGS Holding, LLC Lincolnshire, Illinois, United States
    • FreedomRoads, LLC Subsidiary · Chicago, Illinois, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

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.

Board members and other officers (18)

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

Subsidiaries and ownership

Also consolidated

Subsidiaries (Exhibit 21)

  • AGI Intermediate Holdco, LLC Minnesota8
  • AGI Productions, LLC Delaware8
  • Active Sports, LLC Minnesota8
  • Affinity Brokerage, LLC Delaware8
  • Affinity Group Holding, LLC Delaware8
  • Affinity Guest Services, LLC Delaware8
  • Affinity Road & Travel Club, LLC Texas8
  • Affinity Service Plans, Inc. Illinois8
  • Affinity Service Plans, LLC Illinois8
  • American RV Centers, LLC Minnesota8
  • Americas Road & Travel Club, Inc. Texas8
  • Arizona RV Centers, LLC Minnesota8
  • Atlantic RV Centers, LLC Minnesota8
  • B & B RV, Inc. California8
  • Blaine Jensen RV Centers, LLC Minnesota8
  • Bodily RV II, Inc. Idaho8
  • Bodily RV, Inc. Idaho8
  • Burnside Brokers, LLC Minnesota8
  • Burnside Finance, LLC Minnesota8
  • Burnside RV Centers, LLC Minnesota8
  • CWDS, LLC Delaware8
  • CWFR Capital LLC Delaware8
  • CWGS Enterprises, LLC Delaware8
  • CWGS Group, LLC Delaware8
All 114 listed subsidiaries
  • CWGS Ventures, LLC Delaware8
  • CWH BR, LLC Delaware8
  • CWI, LLC Kentucky8
  • CWRV Birch Run Brokers, LLC Minnesota8
  • CWRV Birch Run Finance, LLC Minnesota8
  • CWRV Broker Escanaba, LLC Minnesota8
  • CWRV Broker Ishpeming, LLC Minnesota8
  • CWRV Brokers Belleville, LLC Minnesota8
  • CWRV Brokers, LLC Minnesota8
  • CWRV Finance Belleville, LLC Minnesota8
  • CWRV Finance Chelsea, LLC Minnesota8
  • CWRV Finance Escanaba, LLC Minnesota8
  • CWRV Finance Ishpeming, LLC Minnesota8
  • CWRV Finance, LLC Minnesota8
  • CWRV Quincy Brokers, LLC Minnesota8
  • CWRV Quincy Finance, LLC Minnesota8
  • Camp Coast to Coast, LLC Delaware8
  • Camping Time RV Centers, LLC Minnesota8
  • Camping World Card Services, LLC Ohio8
  • Camping World Insurance Services of Kentucky, LLC Delaware8
  • Camping World Insurance Services of Texas, LLC Texas8
  • Camping World Leasing Company, LLC Minnesota8
  • Camping World Property, LLC Delaware8
  • Camping World RV Sales, LLC Minnesota8
  • Camping World, LLC Kentucky8
  • Coast Marketing Group, LLC Delaware8
  • Cullum & Maxey Camping Center, Inc. Tennessee8
  • Dusty’s Camper World, LLC Minnesota8
  • Ehlert Publishing Group, LLC Delaware8
  • Emerald Coast RV Center, LLC Minnesota8
  • F2 Creative, LLC Minnesota8
  • FRHP 1, LLC Delaware8
  • FRHP 2, LLC Delaware8
  • FRHP 3, LLC Delaware8
  • FRHP 4, LLC Delaware8
  • FRHP 5, LLC Delaware8
  • FRHP 6, LLC Delaware8
  • FRHP 7, LLC Delaware8
  • FRHP 8, LLC Delaware8
  • FRHP 9, LLC Delaware8
  • FRHP Holding 1, LLC Delaware8
  • FRHP Holding 2, LLC Delaware8
  • FRHP Holding 3, LLC Delaware8
  • FRHP Holding 4, LLC Delaware8
  • FRHP Holding 5, LLC Delaware8
  • FRHP Holding 6, LLC Delaware8
  • FRHP Holding 7, LLC Delaware8
  • FRHP Holding 8, LLC Delaware8
  • FRHP Holding 9, LLC Delaware8
  • FRHP Lincolnshire, LLC Minnesota8
  • FRI, LLC Minnesota8
  • Foley RV Center, LLC Minnesota8
  • FreedomCare Insurance Services, LLC Minnesota8
  • FreedomRoads Finance Company, LLC Minnesota8
  • FreedomRoads Holding Company, LLC Minnesota8
  • FreedomRoads Intermediate Holdco, LLC Minnesota8
  • FreedomRoads Operations Company, LLC Minnesota8
  • FreedomRoads Property Company, LLC Minnesota8
  • FreedomRoads RV, Inc. Delaware8
  • FreedomRoads, LLC Minnesota8
  • GSS Enterprises, LLC Delaware8
  • Gary’s RV Centers, LLC Minnesota8
  • Golf Card International, LLC Delaware8
  • Golf Card Resort Services, LLC Delaware8
  • Good Sam Digital Solutions, LLC Delaware8
  • Good Sam Enterprises, LLC Delaware8
  • Good Sam Outdoors, LLC Delaware8
  • Hart City RV Center, LLC Minnesota8
  • Holiday Kamper Company of Columbia, LLC Minnesota8
  • ITM Holding Company #2, LLC Minnesota8
  • ITM Holding Company, LLC Minnesota8
  • K&C RV Centers, LLC Minnesota8
  • Meyer’s RV Centers, LLC Minnesota8
  • Northwest RV Centers, LLC Minnesota8
  • Olinger RV Centers, LLC Minnesota8
  • Outdoor Buys, LLC Kentucky8
  • Power Sports Media, LLC Delaware8
  • RV World, LLC Minnesota8
  • RV’S.com, LLC Minnesota8
  • Shipp’s RV Centers, LLC Minnesota8
  • Sirpilla RV Centers, LLC Minnesota8
  • Southwest RV Centers, LLC Minnesota8
  • Stier’s RV Centers, LLC Minnesota8
  • Stout’s RV Center, LLC Minnesota8
  • TL Enterprises, LLC Delaware8
  • Tom Johnson Camping Center Charlotte, Inc. North Carolina8
  • Tom Johnson Camping Center, Inc. North Carolina8
  • VBI, LLC Delaware8
  • Venture Out RV Centers, Inc. California8
  • Wheeler RV Las Vegas, LLC Minnesota8

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

  • 20167,2211

Timeline

  1. Oct 5, 20268-K Regulation FD disclosure49
  2. Aug 31, 20268-K Entered a material agreement; New debt or obligation50
  3. Jul 29, 20268-K Results of operations51
  4. May 26, 20268-K Shareholder vote52
  5. Apr 29, 20268-K Results of operations53
  6. Apr 10, 20268-K Executive or director change54
  7. Feb 24, 20268-K Results of operations55
  8. Jan 13, 20268-K Regulation FD disclosure56
  9. Jan 5, 2026New chief executive Matthew D. Wagner becomes CEO21
  10. Dec 8, 20258-K Executive or director change57
  11. Oct 28, 20258-K Results of operations58
  12. Jul 29, 20258-K Results of operations; Regulation FD disclosure59
  13. May 19, 20258-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote60
  14. Oct 7, 2016New chief executive Marcus Lemonis becomes CEO1
  15. 1966Founded Founded1

Calendar

Coming up

  1. Oct 27, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.35 a share, on Oct 28, 2025.61

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results51
  2. Apr 29, 2026Reported quarterly or annual results53
  3. Feb 24, 2026Reported quarterly or annual results55
  4. Oct 28, 2025Reported quarterly or annual results58
  5. Jul 29, 2025Reported quarterly or annual results59
  6. Apr 29, 2025Reported quarterly or annual results62
  7. Feb 25, 2025Reported quarterly or annual results63
  8. Oct 28, 2024Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

265 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 52 major events, 116 insider forms, 56 large holders, 21 other. The latest 20:

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

The 265 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Marcus A. Lemonis$1.5M$30.4M83
2025Matthew D. Wagner40$300.0K$1.3M83
2025Thomas E. Kirn39$400.0K$1.2M83
2025Lindsey J. Christen45$300.0K$950.0K83
2024Chief Executive Officer$300.0K$2.9M83
2024Chief Financial Officer$375.1K$2.8M83
2024Chief Administrative and$300.0K$2.7M83
2024Co-Founder and Special Advisor$13.4K83
2023and President$300.0K$2.7M83
2023Legal Officer and Secretary$300.0K$1.6M83
2023Chief Financial Officer$350.0K$1.3M83
2023and Former CEO and Chairman$11.2K83

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,529,337$42.2M0.0%+192,981
Nantahala Capital Management, LLC5,102,110$38.9M1.2%+1,842,836
Goldman Sachs Group Inc3,809,955$29.1M0.0%−2,868
Bank Of America Corp /de/3,777,680$28.8M0.0%+3,108,966
Wolf Hill Capital Management, LP3,575,364$27.3M2.6%+2,813,652
Citadel Advisors LLC3,301,221$25.2M0.0%+1,767,770
Vanguard Capital Management LLC2,736,995$20.9M0.0%+75,910
D. E. Shaw & Co., Inc.2,413,260$18.4M0.0%+721,454
Philosophy Capital Management LLC2,405,505$18.4M1.8%−253,372
Vanguard Portfolio Management LLC2,257,854$17.2M0.0%−739,341
Crestview Partners II GP, L.P.1,930,896$14.7M6.3%+9,650
State Street Corp1,795,999$13.7M0.0%−167,561
Two Sigma Investments, LP1,760,982$13.4M0.0%+1,260,810
Geode Capital Management, LLC1,567,279$12.0M0.0%+145,055
Cibc World Market Inc.1,533,650$11.7M0.0%New
Aqr Capital Management LLC1,356,766$10.4M0.0%+1,248,543
Charles Schwab Investment Management Inc1,241,943$9.5M0.0%+286,110
Trexquant Investment LP807,338$6.2M0.0%New
Citigroup Inc708,423$5.4M0.0%−8,751
Morgan Stanley676,219$5.2M0.0%−351,050
Dimensional Fund Advisors LP645,750$4.9M0.0%−431,692
Clearbridge Investments, LLC576,581$4.4M0.0%+130
Qube Research & Technologies Ltd566,215$4.3M0.0%New
Bnp Paribas Financial Markets565,288$4.3M0.0%−294,527
UBS Group AG559,544$4.3M0.0%−226,625

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 10, 2021Susie LeeDemocratic, HouseSale$1,001 - $15,000+170.9%Report
May 14, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000−175.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Camping World is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCAMPING WORLD INC2
  • CIK0000887419
  • Employer ID (EIN)61-12177792
  • Incorporated inKentucky2
  • Fiscal year endsSeptember 302
  • Industry code (SIC)5531 Retail-Auto & Home Supply Stores2
  • Business address650 Three Springs Rd, Bowling Green, KY 421042
  • Phone50278127182
  • On EDGAR sinceMay 19, 20042
  • Filings8 in all: S-4/A (5), 424B3 (1), EFFECT (1), S-4 (1)2

Sources

The numbers on this page point here. Each one links to the record it came from.

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