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Camping World Holdings CWH Rv And Outdoor Retail — Adjusted Cost Of Revenue

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Other financials

Income statement

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Revenue$1.4B-4.2%
Gross profit$403.3M-6.1%
Operating income$22.1M+6.0%
Net income-$16.4M-33.6%
EPS (diluted)-$0.26-23.8%

Balance sheet

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Cash & equivalents$199.8M+855%
Total debt$4.1B+7.4%
Total equity$215.0M-30.8%
Total assets$5.1B-0.2%

Cash flow

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Operating cash flow-$65.6M+71.8%

Valuation

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Market cap$635.26M-34.1%
Enterprise value$4.5B-1.3%
P/S0.1×-0.1×

Profitability

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Gross margin29.3%-0.8pp
Operating margin2.7%-1.8pp
Net margin-1.5%-2.7pp

Returns & leverage

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Return on equity-35.7%-78.7pp
Debt / equity18.9×+6.7×
Current ratio1.2×-0.1×

Where this comes from

Reported directly by Camping World Holdings in its filing.

Tagged under the XBRL concept cwh:AdjustedCostOfRevenue.

The source filing: Camping World Holdings’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:49 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-053079
($ in thousands)Three Months Ended March 31, 2026 / Good Sam / Services / and PlansThree Months Ended March 31, 2026 / RV and / Outdoor / RetailThree Months Ended March 31, 2025 / Good Sam / Services / and PlansThree Months Ended March 31, 2025 / RV and / Outdoor / Retail
Intersegment revenue(1)8921,3828082,404
Total revenue before intersegment eliminations49,3501,307,52947,0161,369,720
Segment expenses:
Adjusted costs applicable to revenue(2)18,862932,27417,677966,094
Intersegment costs applicable to revenue(3)6162,0475872,625
Adjusted selling, general, and administrative(4)7,789342,9227,642369,732
Floor plan interest expense21,81918,306
Other segment items(5)(98)(40)

Item 1. Financial Statements

FAQ

What is Camping World Holdings's rv and outdoor retail — adjusted cost of revenue?
Camping World Holdings (CWH) reported rv and outdoor retail — adjusted cost of revenue of $932.27M in Q1 2026.
How has Camping World Holdings's rv and outdoor retail — adjusted cost of revenue changed year-over-year?
Camping World Holdings's rv and outdoor retail — adjusted cost of revenue decreased by 3.5% year-over-year, from $966.09M to $932.27M.
What is the long-term trend for Camping World Holdings's rv and outdoor retail — adjusted cost of revenue?
Over 3 years (2022 to 2025), Camping World Holdings's rv and outdoor retail — adjusted cost of revenue has grown at a -1.6% compound annual growth rate (CAGR), from $4.63B to $4.41B.
What does rv and outdoor retail — adjusted cost of revenue mean?
The direct costs associated with producing or acquiring the goods and services sold by the segment, adjusted for non-recurring or non-operational items. This metric provides a normalized view of the core cost of sales, allowing for a more accurate assessment of gross margin performance over time. It helps investors isolate the underlying efficiency of the supply chain and product pricing strategies.

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