Camping World Holdings (CWH) Gross Margin (2015 - 2026)
Camping World Holdings (CWH) reported Gross Margin of 29.78% for Q1 2026, down 62.0% on a YoY basis from 78.36% in Q1 2025, and up 3.31% quarter-over-quarter from 28.82% in Q4 2025.
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 29.78% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 62.0% year-over-year to 29.78%; the trailing twelve-month figure through Mar 2026 stood at 29.33% (down 80.0% YoY), and the FY2025 full-year result was 29.47%, down 45.0% from the prior year.
- Gross Margin for Q1 2026 stood at 29.78%, up from 28.82% in the prior quarter.
- The five-year high for Gross Margin was 33.7% in Q1 2022, with the low at 28.63% in Q3 2025.
- Historically, Gross Margin has averaged 30.46% across 5 years, with a median of 30.24% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 459 bps — and 2025, when it soared 89 bps.
- Camping World Holdings' Gross Margin 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 gained by 3 bps to 29.78% in 2026.
- The last three Gross Margin figures came in at 29.78% (Q1 2026), 28.82% (Q4 2025), and 28.63% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | 6.75% |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 19.76% |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 10.18% |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 15.33% |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 18.48% |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 21.60% |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 37.12% |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 48.53% |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 16.24% |
| 10 | Camping World Holdings | 406.89 Mn | 341.58 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% |