Camping World Holdings (CWH) Gross Margin (2015 - 2026)
Camping World Holdings (CWH) posted quarterly Gross Margin of 27.84% for Q2 2026, down 214.0% year-over-year from 24.42% in Q2 2025, and down 6.51% on a QoQ basis from 29.78% in Q1 2026.
Camping World Holdings (CWH) Gross Margin (2015 - 2026) Analysis & Trends
Camping World Holdings has reported Gross Margin for 12 years, with the latest figure at 27.84% in Q2 2026.
- Gross Margin for Q2 2026 came in at 27.84%, down 214.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 28.67% (down 136.0% YoY), and the FY2025 annual result was 29.47%, down 45.0% from the prior year.
- Gross Margin declined to 27.84% in Q2 2026, from 29.78% in the prior quarter.
- Over five years, Gross Margin peaked at 33.7% in Q1 2022 and troughed at 27.84% in Q2 2026.
- A 5-year average of 30.32% and a median of 30.14% in 2023 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin sank 459 bps; it then soared 89 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 30.59% in 2022, then rose by 1 bps to 30.96% in 2023, then advanced by 1 bps to 31.29% in 2024, then fell by 8 bps to 28.82% in 2025, then retreated by 3 bps to 27.84% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 27.84% in Q2 2026, 29.78% in Q1 2026, and 28.82% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 78.09 Bn | 78.08 Bn | - | - |
| 2 | Carvana | 51.77 Bn | 49.02 Bn | 1.38 Bn | 18.76% |
| 3 | Penske Automotive | 14.34 Bn | 14.27 Bn | 1.36 Bn | 15.94% |
| 4 | Lithia Motors | 8.64 Bn | 8.27 Bn | 1.50 Bn | 15.29% |
| 5 | Carmax | 8.34 Bn | 7.75 Bn | 854.41 Mn | 10.66% |
| 6 | Autonation | 7.04 Bn | 6.99 Bn | 1.23 Bn | 17.77% |
| 7 | Autozi Internet Technology (Global) | 6.46 Bn | 6.28 Bn | - | - |
| 8 | Rush Enterprises Inc \Tx\ | 6.32 Bn | 6.06 Bn | 361.67 Mn | 19.04% |
| 9 | Valvoline | 4.27 Bn | 4.18 Bn | 214.90 Mn | 39.46% |
| 10 | Camping World Holdings | 403.66 Mn | 179.59 Mn | 538.38 Mn | 27.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.84% |
| Mar 31, 2026 | 29.78% |
| Dec 31, 2025 | 28.82% |
| Sep 30, 2025 | 28.63% |
| Jun 30, 2025 | 29.97% |
| Mar 31, 2025 | 30.39% |
| Dec 31, 2024 | 31.29% |
| Sep 30, 2024 | 28.90% |
| Jun 30, 2024 | 30.32% |
| Mar 31, 2024 | 29.50% |
| Dec 31, 2023 | 30.96% |
| Sep 30, 2023 | 30.24% |
| Jun 30, 2023 | 30.05% |
| Mar 31, 2023 | 29.66% |
| Dec 31, 2022 | 30.59% |
| Sep 30, 2022 | 31.99% |
| Jun 30, 2022 | 33.05% |
| Mar 31, 2022 | 33.70% |
| Dec 31, 2021 | 35.18% |
| Sep 30, 2021 | 36.07% |