Camping World Holdings, Inc.

CWHNYSEConsumer Cyclical● Active

$6.83

+$0.42(+6.55%)

Market Cap$433840125

P/E Ratio—

52W High$19.64

52W Low$5.7

Avg Volume3.2M

Open$6.53

Beta2.09

Free Cash Flow Financials Revenue

Camping World Holdings, Inc. (CWH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CWH · free cash flow · updated Jun 8, 2026

Core FCF metrics

CWH · FCF · TTM · margin & CAGR

Free cash flow was −$261.4M for FY2025 (fiscal year ending 2025-12-31), down 269.4% year-over-year The FCF margin was -4.1%.

FY2025 Free Cash Flow−$261.4M▼ -269.4% YoY

Trailing 12M (TTM)−$156.1Mtrailing 4 quarters sum

FCF Margin-4.1%−$261.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CWH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$132.0M(129M)−$261.4M▼ 269.4%-4.1%

FY2024$245.2M(91M)$154.3M▲ +39.9%2.5%

FY2023$310.8M(200M)$110.3M▲ +608.5%1.8%

FY2022$189.8M(211M)−$21.7M▲ +78.2%-0.3%

FY2021$154.0M(254M)−$99.5M▼ 115.0%-1.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CWH · P/FCF · FCF yield · FCF per share

Camping World Holdings, Inc. (CWH) reported negative free cash flow of −$0.26B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CWH · cash flow statement · operating / investing / financing

For FY2025, Camping World Holdings, Inc. generated −$132.0M in operating cash flow and spent 129M in capital expenditures, yielding −$261.4M in free cash flow.

Operating Activities

−$132.0M

Cash from core business operations

2025-12-31

Investing Activities

−$201.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$339.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$132.0M) − |CapEx| (129M) = FCF (−$261.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

CWH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Camping World Holdings, Inc.YOU

CWH

−$261.4M-269.4%-4.1%

Loss

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Camping World Holdings, Inc. (CWH) reported free cash flow of −$261.4M for FY2025 (fiscal year ending 2025-12-31), down 269.4% year-over-year. The FCF margin was -4.1%.

Based on available data, Camping World Holdings, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $662.6M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CWH free cash flow · 8 questions

Camping World Holdings, Inc. free cash flow was −$261.4M for FY2025, down 269.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$156.1M.

CWH free cash flowCWH FCFCWH FCF 2025CWH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Camping World Holdings, Inc. · Camping World Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026