Filing Flows › Camping World Holdings (CWH) › Q2 2026 › vs Q2 2025
Camping World Holdings (CWH) Q2 2026 vs Q2 2025 (year over year)
Camping World Holdings's revenue fell $41.9M (-2%) from $2.0B in Q2 2025 to $1.9B in Q2 2026. The biggest changes: RV and Outdoor Retail −$42.3M (-2%); Good Sam Services and Plans +$416K (+0.8%). Operating margin 4.7% against 6.6% (-1.8 pts).
Camping World Holdings, Q2 2026: revenue $1.9B (-2% year over year), operating margin 4.7%, net earnings $26.9M, operating cash flow $399M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.7% | 6.6% | -1.8 pts |
| Net margin | 1.4% | 1.5% | -0.1 pts |
| Free cash flow margin | 19.1% | 8.2% | +10.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| RV and Outdoor Retail | $1.9B | $1.9B | −$42.3M | -2% |
| Good Sam Services and Plans | $54.6M | $54.2M | $416K | +0.8% |
| Revenue | $1.9B | $2.0B | −$41.9M | -2% |
| Operating profit | $91.8M | $130M | −$38.4M | -29% |
| Costs & expenses | $1.8B | $1.8B | −$3.5M | -0.2% |
| Pre-tax earnings | $45.1M | $75.8M | −$30.8M | -41% |
| Other expense, net | $46.8M | $54.4M | −$7.7M | -14% |
| Cost of revenue | $1.4B | $1.4B | $12.0M | +0.9% |
| SG&A | $411M | $437M | −$26.6M | -6% |
| Other operating costs | $35.7M | $24.5M | $11.2M | +46% |
| Net earnings | $26.9M | $30.2M | −$3.4M | -11% |
| Minority interests | $16.9M | $27.3M | −$10.5M | -38% |
| Income tax | $1.4M | $18.3M | −$16.9M | -93% |
| Depreciation & amortization | $24.6M | $23.4M | $1.2M | +5% |
| Share-based compensation | $4.4M | $8.4M | −$4.1M | -48% |
| Working capital & other | $343M | $126M | $217M | +173% |
| Operating cash flow | $399M | $188M | $211M | +112% |
| Free cash flow (OCF − capex) | $369M | $162M | $208M | +128% |
| Capital expenditures | $29.6M | $26.2M | $3.4M | +13% |
Questions
How much did Camping World Holdings's revenue grow year over year in Q2 2026?
Camping World Holdings's revenue fell $41.9M (-2%) from $2.0B in Q2 2025 to $1.9B in Q2 2026.
What drove Camping World Holdings's revenue change in Q2 2026?
RV and Outdoor Retail −$42.3M (-2%); Good Sam Services and Plans +$416K (+0.8%).