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Side-by-side financial comparison of Camping World Holdings, Inc. (CWH) and FLOWSERVE CORP (FLS). Click either name above to swap in a different company.

Camping World Holdings, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× FLOWSERVE CORP). FLOWSERVE CORP runs the higher net margin — 7.6% vs -9.3%, a 16.9% gap on every dollar of revenue. On growth, Camping World Holdings, Inc. posted the faster year-over-year revenue change (-2.6% vs -6.7%). Over the past eight quarters, FLOWSERVE CORP's revenue compounded faster (-3.9% CAGR vs -7.2%).

Camping World Holdings, Inc. is an American corporation specializing in selling recreational vehicles (RVs), recreational vehicle parts, and recreational vehicle service. They also sell supplies for camping. The company has its headquarters in Lincolnshire, Illinois. In October 2016 it became a publicly traded company when it raised $251 million in an IPO. Camping World has 202 locations. In addition to its RV dealerships and accessories stores, the company sells goods through phone order and...

The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Headquartered in Irving, Texas, which is in the Dallas–Fort Worth Metroplex, Flowserve employs close to 16,000 employees in more than 50 countries. Flowserve sells products and offers aftermarket services to engineering and c...

CWH vs FLS — Head-to-Head

Bigger by revenue
CWH
CWH
1.1× larger
CWH
$1.2B
$1.1B
FLS
Growing faster (revenue YoY)
CWH
CWH
+4.1% gap
CWH
-2.6%
-6.7%
FLS
Higher net margin
FLS
FLS
16.9% more per $
FLS
7.6%
-9.3%
CWH
Faster 2-yr revenue CAGR
FLS
FLS
Annualised
FLS
-3.9%
-7.2%
CWH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CWH
CWH
FLS
FLS
Revenue
$1.2B
$1.1B
Net Profit
$-109.1M
$81.7M
Gross Margin
28.8%
35.6%
Operating Margin
-4.3%
11.2%
Net Margin
-9.3%
7.6%
Revenue YoY
-2.6%
-6.7%
Net Profit YoY
-83.3%
10.5%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWH
CWH
FLS
FLS
Q1 26
$1.1B
Q4 25
$1.2B
$1.2B
Q3 25
$1.8B
$1.2B
Q2 25
$2.0B
$1.2B
Q1 25
$1.4B
$1.1B
Q4 24
$1.2B
$1.2B
Q3 24
$1.7B
$1.1B
Q2 24
$1.8B
$1.2B
Net Profit
CWH
CWH
FLS
FLS
Q1 26
$81.7M
Q4 25
$-109.1M
$-29.0M
Q3 25
$-40.4M
$219.6M
Q2 25
$30.2M
$81.8M
Q1 25
$-12.3M
$73.9M
Q4 24
$-59.5M
$77.5M
Q3 24
$5.5M
$58.4M
Q2 24
$9.8M
$72.6M
Gross Margin
CWH
CWH
FLS
FLS
Q1 26
35.6%
Q4 25
28.8%
34.8%
Q3 25
28.6%
32.4%
Q2 25
30.0%
34.2%
Q1 25
30.4%
32.3%
Q4 24
31.3%
31.5%
Q3 24
28.9%
31.5%
Q2 24
30.3%
31.6%
Operating Margin
CWH
CWH
FLS
FLS
Q1 26
11.2%
Q4 25
-4.3%
3.5%
Q3 25
4.4%
6.7%
Q2 25
6.6%
12.3%
Q1 25
1.5%
11.5%
Q4 24
-1.3%
10.6%
Q3 24
3.7%
9.1%
Q2 24
5.3%
10.5%
Net Margin
CWH
CWH
FLS
FLS
Q1 26
7.6%
Q4 25
-9.3%
-2.4%
Q3 25
-2.2%
18.7%
Q2 25
1.5%
6.9%
Q1 25
-0.9%
6.5%
Q4 24
-4.9%
6.6%
Q3 24
0.3%
5.2%
Q2 24
0.5%
6.3%
EPS (diluted)
CWH
CWH
FLS
FLS
Q1 26
Q4 25
$-0.21
Q3 25
$1.67
Q2 25
$0.62
Q1 25
$0.56
Q4 24
$0.59
Q3 24
$0.44
Q2 24
$0.55

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWH
CWH
FLS
FLS
Cash + ST InvestmentsLiquidity on hand
$215.0M
$792.4M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$228.6M
$2.3B
Total Assets
$5.0B
$5.7B
Debt / EquityLower = less leverage
6.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWH
CWH
FLS
FLS
Q1 26
$792.4M
Q4 25
$215.0M
$760.2M
Q3 25
$230.5M
Q2 25
$118.1M
Q1 25
$20.9M
Q4 24
$208.4M
$675.4M
Q3 24
$28.4M
Q2 24
$23.7M
Total Debt
CWH
CWH
FLS
FLS
Q1 26
Q4 25
$1.5B
$1.6B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Stockholders' Equity
CWH
CWH
FLS
FLS
Q1 26
$2.3B
Q4 25
$228.6M
$2.2B
Q3 25
$296.2M
$2.3B
Q2 25
$340.5M
$2.2B
Q1 25
$310.5M
$2.1B
Q4 24
$326.6M
$2.0B
Q3 24
$151.6M
$2.1B
Q2 24
$149.7M
$2.0B
Total Assets
CWH
CWH
FLS
FLS
Q1 26
$5.7B
Q4 25
$5.0B
$5.7B
Q3 25
$5.0B
$5.8B
Q2 25
$5.2B
$5.7B
Q1 25
$5.1B
$5.5B
Q4 24
$4.9B
$5.5B
Q3 24
$4.7B
$5.3B
Q2 24
$5.0B
$5.2B
Debt / Equity
CWH
CWH
FLS
FLS
Q1 26
Q4 25
6.44×
0.72×
Q3 25
5.00×
Q2 25
4.42×
Q1 25
4.87×
Q4 24
4.64×
0.75×
Q3 24
10.09×
Q2 24
10.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWH
CWH
FLS
FLS
Operating Cash FlowLast quarter
$-227.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWH
CWH
FLS
FLS
Q1 26
Q4 25
$-227.2M
$-174.0K
Q3 25
$139.8M
$401.8M
Q2 25
$187.9M
$154.1M
Q1 25
$-232.5M
$-49.9M
Q4 24
$-163.4M
$197.3M
Q3 24
$324.2M
$178.5M
Q2 24
$152.3M
$-12.8M
Free Cash Flow
CWH
CWH
FLS
FLS
Q1 26
Q4 25
$-25.6M
Q3 25
$384.7M
Q2 25
$137.5M
Q1 25
$-61.7M
Q4 24
$168.5M
Q3 24
$154.6M
Q2 24
$-27.5M
FCF Margin
CWH
CWH
FLS
FLS
Q1 26
Q4 25
-2.1%
Q3 25
32.8%
Q2 25
11.6%
Q1 25
-5.4%
Q4 24
14.3%
Q3 24
13.6%
Q2 24
-2.4%
Capex Intensity
CWH
CWH
FLS
FLS
Q1 26
Q4 25
2.1%
Q3 25
1.5%
Q2 25
1.4%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
2.1%
Q2 24
1.3%
Cash Conversion
CWH
CWH
FLS
FLS
Q1 26
Q4 25
Q3 25
1.83×
Q2 25
6.22×
1.89×
Q1 25
-0.68×
Q4 24
2.55×
Q3 24
58.93×
3.06×
Q2 24
15.59×
-0.18×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CWH
CWH

New Vehicles$457.8M39%
Used Vehicles$386.5M33%
Products Service And Other$160.5M14%
Finance And Insurance Net$111.4M9%
Good Sam Services And Plans$48.0M4%
Good Sam Club$10.5M1%

FLS
FLS

Segment breakdown not available.

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