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

Invesco is the larger business by last-quarter revenue ($1.7B vs $1.2B, roughly 1.4× Camping World Holdings, Inc.). Camping World Holdings, Inc. runs the higher net margin — -9.3% vs -58.9%, a 49.6% gap on every dollar of revenue. On growth, Invesco posted the faster year-over-year revenue change (6.2% vs -2.6%). Over the past eight quarters, Invesco's revenue compounded faster (7.1% 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...

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

CWH vs IVZ — Head-to-Head

Bigger by revenue
IVZ
IVZ
1.4× larger
IVZ
$1.7B
$1.2B
CWH
Growing faster (revenue YoY)
IVZ
IVZ
+8.8% gap
IVZ
6.2%
-2.6%
CWH
Higher net margin
CWH
CWH
49.6% more per $
CWH
-9.3%
-58.9%
IVZ
Faster 2-yr revenue CAGR
IVZ
IVZ
Annualised
IVZ
7.1%
-7.2%
CWH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWH
CWH
IVZ
IVZ
Revenue
$1.2B
$1.7B
Net Profit
$-109.1M
$-995.9M
Gross Margin
28.8%
Operating Margin
-4.3%
-86.2%
Net Margin
-9.3%
-58.9%
Revenue YoY
-2.6%
6.2%
Net Profit YoY
-83.3%
-575.8%
EPS (diluted)
$-2.61

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
IVZ
IVZ
Q4 25
$1.2B
$1.7B
Q3 25
$1.8B
$1.6B
Q2 25
$2.0B
$1.5B
Q1 25
$1.4B
$1.5B
Q4 24
$1.2B
$1.6B
Q3 24
$1.7B
$1.5B
Q2 24
$1.8B
$1.5B
Q1 24
$1.4B
$1.5B
Net Profit
CWH
CWH
IVZ
IVZ
Q4 25
$-109.1M
$-995.9M
Q3 25
$-40.4M
$356.4M
Q2 25
$30.2M
$197.4M
Q1 25
$-12.3M
$171.1M
Q4 24
$-59.5M
$209.3M
Q3 24
$5.5M
$55.0M
Q2 24
$9.8M
$132.2M
Q1 24
$-22.3M
$141.5M
Gross Margin
CWH
CWH
IVZ
IVZ
Q4 25
28.8%
Q3 25
28.6%
Q2 25
30.0%
Q1 25
30.4%
Q4 24
31.3%
Q3 24
28.9%
Q2 24
30.3%
Q1 24
29.5%
Operating Margin
CWH
CWH
IVZ
IVZ
Q4 25
-4.3%
-86.2%
Q3 25
4.4%
16.5%
Q2 25
6.6%
14.1%
Q1 25
1.5%
18.1%
Q4 24
-1.3%
19.6%
Q3 24
3.7%
6.6%
Q2 24
5.3%
13.9%
Q1 24
0.3%
14.4%
Net Margin
CWH
CWH
IVZ
IVZ
Q4 25
-9.3%
-58.9%
Q3 25
-2.2%
21.7%
Q2 25
1.5%
13.0%
Q1 25
-0.9%
11.2%
Q4 24
-4.9%
13.1%
Q3 24
0.3%
3.6%
Q2 24
0.5%
8.9%
Q1 24
-1.6%
9.6%
EPS (diluted)
CWH
CWH
IVZ
IVZ
Q4 25
$-2.61
Q3 25
$0.66
Q2 25
$-0.03
Q1 25
$0.38
Q4 24
$0.46
Q3 24
$0.12
Q2 24
$0.29
Q1 24
$0.31

Balance Sheet & Financial Strength

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

Metric
CWH
CWH
IVZ
IVZ
Cash + ST InvestmentsLiquidity on hand
$215.0M
$1.0B
Total DebtLower is stronger
$1.5B
$1.8B
Stockholders' EquityBook value
$228.6M
$12.2B
Total Assets
$5.0B
$27.1B
Debt / EquityLower = less leverage
6.44×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWH
CWH
IVZ
IVZ
Q4 25
$215.0M
$1.0B
Q3 25
$230.5M
$973.1M
Q2 25
$118.1M
$922.7M
Q1 25
$20.9M
$821.7M
Q4 24
$208.4M
$986.5M
Q3 24
$28.4M
$1.0B
Q2 24
$23.7M
$878.5M
Q1 24
$29.7M
$895.7M
Total Debt
CWH
CWH
IVZ
IVZ
Q4 25
$1.5B
$1.8B
Q3 25
$1.5B
$1.6B
Q2 25
$1.5B
$1.9B
Q1 25
$1.5B
$964.8M
Q4 24
$1.5B
$890.6M
Q3 24
$1.5B
$890.3M
Q2 24
$1.5B
$890.1M
Q1 24
$1.6B
$1.3B
Stockholders' Equity
CWH
CWH
IVZ
IVZ
Q4 25
$228.6M
$12.2B
Q3 25
$296.2M
$14.0B
Q2 25
$340.5M
$13.9B
Q1 25
$310.5M
$14.7B
Q4 24
$326.6M
$14.6B
Q3 24
$151.6M
$14.8B
Q2 24
$149.7M
$14.6B
Q1 24
$142.8M
$14.6B
Total Assets
CWH
CWH
IVZ
IVZ
Q4 25
$5.0B
$27.1B
Q3 25
$5.0B
$28.4B
Q2 25
$5.2B
$28.5B
Q1 25
$5.1B
$28.1B
Q4 24
$4.9B
$27.0B
Q3 24
$4.7B
$27.5B
Q2 24
$5.0B
$27.2B
Q1 24
$5.1B
$28.1B
Debt / Equity
CWH
CWH
IVZ
IVZ
Q4 25
6.44×
0.15×
Q3 25
5.00×
0.12×
Q2 25
4.42×
0.14×
Q1 25
4.87×
0.07×
Q4 24
4.64×
0.06×
Q3 24
10.09×
0.06×
Q2 24
10.28×
0.06×
Q1 24
11.00×
0.09×

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
IVZ
IVZ
Operating Cash FlowLast quarter
$-227.2M
$455.8M
Free Cash FlowOCF − Capex
$432.2M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWH
CWH
IVZ
IVZ
Q4 25
$-227.2M
$455.8M
Q3 25
$139.8M
$606.2M
Q2 25
$187.9M
$547.9M
Q1 25
$-232.5M
$-84.6M
Q4 24
$-163.4M
$316.9M
Q3 24
$324.2M
$438.4M
Q2 24
$152.3M
$489.1M
Q1 24
$-68.0M
$-54.4M
Free Cash Flow
CWH
CWH
IVZ
IVZ
Q4 25
$432.2M
Q3 25
$586.4M
Q2 25
$530.4M
Q1 25
$-108.0M
Q4 24
$309.9M
Q3 24
$410.0M
Q2 24
$462.4M
Q1 24
$-75.4M
FCF Margin
CWH
CWH
IVZ
IVZ
Q4 25
25.5%
Q3 25
35.7%
Q2 25
35.0%
Q1 25
-7.1%
Q4 24
19.5%
Q3 24
27.1%
Q2 24
31.2%
Q1 24
-5.1%
Capex Intensity
CWH
CWH
IVZ
IVZ
Q4 25
1.4%
Q3 25
1.2%
Q2 25
1.2%
Q1 25
1.5%
Q4 24
0.4%
Q3 24
1.9%
Q2 24
1.8%
Q1 24
1.4%
Cash Conversion
CWH
CWH
IVZ
IVZ
Q4 25
Q3 25
1.70×
Q2 25
6.22×
2.78×
Q1 25
-0.49×
Q4 24
1.51×
Q3 24
58.93×
7.97×
Q2 24
15.59×
3.70×
Q1 24
-0.38×

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%

IVZ
IVZ

Investment Advice$1.2B73%
Distribution And Shareholder Service$382.7M23%
Financial Service Other$51.0M3%
Investment Performance$28.9M2%

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