Filing Flows › Camping World Holdings (CWH) › Q3 2026 › vs Q3 2025
Camping World Holdings (CWH) Q3 2026 vs Q3 2025 (year over year)
Camping World Holdings's revenue fell $223M (-12%) from $1.8B in Q3 2025 to $1.6B in Q3 2026. The biggest changes: RV and Outdoor Retail −$221M (-13%); Good Sam Services and Plans −$2.4M (-5%).
Camping World Holdings, Q3 2026: revenue $1.6B (-12% year over year), operating margin -17.3%, net loss $320M, operating cash flow $155M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 8.1% | 5.8% | +2.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| RV and Outdoor Retail | $1.5B | $1.8B | −$221M | -13% |
| Good Sam Services and Plans | $50.1M | $52.5M | −$2.4M | -5% |
| Revenue | $1.6B | $1.8B | −$223M | -12% |
| Net loss | $320M | $29.4M | $291M | +991% |
| Costs & expenses | $1.9B | $1.9B | −$31.4M | -2% |
| Operating costs | $1.9B | $1.7B | $130M | +8% |
| Interest & other, net | $45.4M | −$99.0M | $144M | — |
| Income tax | $988K | $207M | −$206M | -100% |
| Cost of revenue | $1.1B | $1.3B | −$140M | -11% |
| SG&A | $387M | $411M | −$23.9M | -6% |
| Other operating costs | $321M | $26.9M | $294M | 12× |
| Operating cash sources | $475M | $169M | $306M | +181% |
| Depreciation & amortization | $27.0M | $25.7M | $1.3M | +5% |
| Share-based compensation | $3.6M | $7.8M | −$4.2M | -54% |
| Working capital & other | $444M | $136M | $309M | +227% |
| Net loss absorbed | $320M | $29.4M | $291M | +991% |
| Operating cash flow | $155M | $140M | $15.0M | +11% |
| Free cash flow (OCF − capex) | $129M | $105M | $23.4M | +22% |
| Capital expenditures | $26.0M | $34.4M | −$8.4M | -24% |
Questions
How much did Camping World Holdings's revenue grow year over year in Q3 2026?
Camping World Holdings's revenue fell $223M (-12%) from $1.8B in Q3 2025 to $1.6B in Q3 2026.
What drove Camping World Holdings's revenue change in Q3 2026?
RV and Outdoor Retail −$221M (-13%); Good Sam Services and Plans −$2.4M (-5%).