Camping World Holdings (CWH) Gross Margin (2015 - 2026)
Camping World Holdings (CWH) posted Gross Margin of 29.78% for Q1 2026, up 3.31% quarter-over-quarter from 28.82% in Q4 2025, and down 62.0% year-on-year from 78.36% in Q1 2025.
Camping World Holdings (CWH) Gross Margin (2015 - 2026) Analysis & Trends
Camping World Holdings (CWH) has reported Gross Margin for 12 consecutive years, with 29.78% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 29.78%, down 62.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 29.33% (down 80.0% YoY), and the FY2025 annual result was 29.47%, down 45.0% from the prior year.
- Gross Margin was 29.78% for Q1 2026 at Camping World Holdings, up from 28.82% in the prior quarter.
- Over five years, Gross Margin peaked at 33.7% in Q1 2022 and troughed at 28.63% in Q3 2025.
- Average Gross Margin over 5 years is 30.46%, with a median of 30.24% recorded in 2023.
- Year-over-year, Gross Margin plunged 459 bps in 2022 and surged 89 bps in 2025.
- Over 5 years, Gross Margin stood at 30.59% in 2022, then climbed by 1 bps to 30.96% in 2023, then increased by 1 bps to 31.29% in 2024, then slipped by 8 bps to 28.82% in 2025, then grew by 3 bps to 29.78% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 29.78% in Q1 2026, 28.82% in Q4 2025, and 28.63% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 128.90 Bn | 128.96 Bn | - | - |
| 2 | Carvana | 48.46 Bn | 46.86 Bn | 1.27 Bn | 19.76% |
| 3 | Penske Automotive | 11.65 Bn | 11.59 Bn | 1.30 Bn | 16.52% |
| 4 | Carmax | 7.34 Bn | 7.21 Bn | 854.41 Mn | 10.66% |
| 5 | Lithia Motors | 6.80 Bn | 6.82 Bn | 1.42 Bn | 15.33% |
| 6 | Autonation | 6.40 Bn | 6.33 Bn | 1.21 Bn | 18.48% |
| 7 | Rush Enterprises Inc \Tx\ | 5.57 Bn | 5.35 Bn | 343.80 Mn | 21.60% |
| 8 | Valvoline | 4.88 Bn | 4.79 Bn | 187.00 Mn | 37.12% |
| 9 | Asbury Automotive | 3.76 Bn | 3.73 Bn | 726.90 Mn | 17.67% |
| 10 | Camping World Holdings | 476.72 Mn | 411.41 Mn | 403.34 Mn | 29.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 36.85% |