Camping World Holdings (CWH) Operating Margin (2015 - 2026)
Camping World Holdings (CWH) reported Operating Margin of 1.63% for Q1 2026, up 16.0% on a YoY basis from 1.41% in Q1 2025, and up 138.23% quarter-over-quarter from 4.26% in Q4 2025.
Camping World Holdings (CWH) Operating Margin (2015 - 2026) Analysis & Trends
Camping World Holdings has reported Operating Margin for 12 years, with the latest figure at 1.63% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 16.0% year-over-year to 1.63%; the trailing twelve-month figure through Mar 2026 stood at 2.88% (up 19.0% YoY), and the FY2025 full-year result was 2.83%, up 39.0% from the prior year.
- Operating Margin for Q1 2026 stood at 1.63%, up from 4.26% in the prior quarter.
- The five-year high for Operating Margin was 11.72% in Q2 2022, with the low at 36.26% in Q4 2022.
- Historically, Operating Margin has averaged 1.5% across 5 years, with a median of 3.94% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 4231 bps — and 2023, when it jumped 3517 bps.
- Camping World Holdings' Operating Margin stood at 36.26% in 2022, then surged by 97 bps to 1.09% in 2023, then retreated by 17 bps to 1.28% in 2024, then tumbled by 232 bps to 4.26% in 2025, then soared by 138 bps to 1.63% in 2026.
- The last three Operating Margin figures came in at 1.63% (Q1 2026), 4.26% (Q4 2025), and 4.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | -4.90% |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 9.03% |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | -0.10% |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 3.62% |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 4.80% |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 5.16% |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 17.07% |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 13.98% |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 4.49% |
| 10 | Camping World Holdings | 406.89 Mn | 341.58 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% |