Camping World Holdings (CWH) Operating Margin (2015 - 2026)
Camping World Holdings (CWH) posted Operating Margin of 1.63% for Q1 2026, up 138.23% quarter-over-quarter from 4.26% in Q4 2025, and up 16.0% year-on-year from 1.41% in Q1 2025.
Camping World Holdings (CWH) Operating Margin (2015 - 2026) Analysis & Trends
Camping World Holdings (CWH) has reported Operating Margin for 12 consecutive years, with 1.63% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 1.63%, up 16.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.88% (up 19.0% YoY), and the FY2025 annual result was 2.83%, up 39.0% from the prior year.
- Operating Margin was 1.63% for Q1 2026 at Camping World Holdings, up from 4.26% in the prior quarter.
- Over five years, Operating Margin peaked at 11.72% in Q2 2022 and troughed at 36.26% in Q4 2022.
- Average Operating Margin over 5 years is 1.5%, with a median of 3.94% recorded in 2023.
- Year-over-year, Operating Margin plunged 4231 bps in 2022 and soared 3517 bps in 2023.
- Over 5 years, Operating Margin stood at 36.26% in 2022, then surged by 97 bps to 1.09% in 2023, then dropped by 17 bps to 1.28% in 2024, then slumped by 232 bps to 4.26% in 2025, then soared by 138 bps to 1.63% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 1.63% in Q1 2026, 4.26% in Q4 2025, and 4.38% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 128.90 Bn | 128.96 Bn | - | - |
| 2 | Carvana | 48.46 Bn | 46.86 Bn | 1.27 Bn | 9.03% |
| 3 | Penske Automotive | 11.65 Bn | 11.59 Bn | 1.30 Bn | 3.68% |
| 4 | Carmax | 7.34 Bn | 7.21 Bn | 854.41 Mn | 2.74% |
| 5 | Lithia Motors | 6.80 Bn | 6.82 Bn | 1.42 Bn | 3.62% |
| 6 | Autonation | 6.40 Bn | 6.33 Bn | 1.21 Bn | 4.80% |
| 7 | Rush Enterprises Inc \Tx\ | 5.57 Bn | 5.35 Bn | 343.80 Mn | 5.16% |
| 8 | Valvoline | 4.88 Bn | 4.79 Bn | 187.00 Mn | 17.07% |
| 9 | Asbury Automotive | 3.76 Bn | 3.73 Bn | 726.90 Mn | 4.71% |
| 10 | Camping World Holdings | 476.72 Mn | 411.41 Mn | 403.34 Mn | 1.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.63% |
| Dec 31, 2025 | -4.26% |
| Sep 30, 2025 | 4.38% |
| Jun 30, 2025 | 6.59% |
| Mar 31, 2025 | 1.47% |
| Dec 31, 2024 | -1.28% |
| Sep 30, 2024 | 3.73% |
| Jun 30, 2024 | 5.28% |
| Mar 31, 2024 | 0.31% |
| Dec 31, 2023 | -1.09% |
| Sep 30, 2023 | 5.08% |
| Jun 30, 2023 | 6.98% |
| Mar 31, 2023 | 3.94% |
| Dec 31, 2022 | -36.26% |
| Sep 30, 2022 | 8.38% |
| Jun 30, 2022 | 11.72% |
| Mar 31, 2022 | 8.97% |
| Dec 31, 2021 | 6.05% |
| Sep 30, 2021 | 12.66% |
| Jun 30, 2021 | 14.79% |