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Side-by-side financial comparison of Camping World Holdings, Inc. (CWH) and Alliant Energy (LNT). 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× Alliant Energy). Alliant Energy runs the higher net margin — 13.4% vs -9.3%, a 22.7% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs -2.6%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% 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...

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinoi...

CWH vs LNT — Head-to-Head

Bigger by revenue
CWH
CWH
1.1× larger
CWH
$1.2B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+11.6% gap
LNT
9.0%
-2.6%
CWH
Higher net margin
LNT
LNT
22.7% more per $
LNT
13.4%
-9.3%
CWH
Faster 2-yr revenue CAGR
LNT
LNT
Annualised
LNT
1.5%
-7.2%
CWH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWH
CWH
LNT
LNT
Revenue
$1.2B
$1.1B
Net Profit
$-109.1M
$142.0M
Gross Margin
28.8%
85.9%
Operating Margin
-4.3%
18.4%
Net Margin
-9.3%
13.4%
Revenue YoY
-2.6%
9.0%
Net Profit YoY
-83.3%
-5.3%
EPS (diluted)
$0.54

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
LNT
LNT
Q4 25
$1.2B
$1.1B
Q3 25
$1.8B
$1.2B
Q2 25
$2.0B
$961.0M
Q1 25
$1.4B
$1.1B
Q4 24
$1.2B
$975.0M
Q3 24
$1.7B
$1.1B
Q2 24
$1.8B
$894.0M
Q1 24
$1.4B
$1.0B
Net Profit
CWH
CWH
LNT
LNT
Q4 25
$-109.1M
$142.0M
Q3 25
$-40.4M
$281.0M
Q2 25
$30.2M
$174.0M
Q1 25
$-12.3M
$213.0M
Q4 24
$-59.5M
$150.0M
Q3 24
$5.5M
$295.0M
Q2 24
$9.8M
$87.0M
Q1 24
$-22.3M
$158.0M
Gross Margin
CWH
CWH
LNT
LNT
Q4 25
28.8%
85.9%
Q3 25
28.6%
86.3%
Q2 25
30.0%
84.3%
Q1 25
30.4%
86.0%
Q4 24
31.3%
84.7%
Q3 24
28.9%
84.7%
Q2 24
30.3%
83.6%
Q1 24
29.5%
85.3%
Operating Margin
CWH
CWH
LNT
LNT
Q4 25
-4.3%
18.4%
Q3 25
4.4%
28.8%
Q2 25
6.6%
23.2%
Q1 25
1.5%
22.8%
Q4 24
-1.3%
22.7%
Q3 24
3.7%
29.0%
Q2 24
5.3%
14.5%
Q1 24
0.3%
21.5%
Net Margin
CWH
CWH
LNT
LNT
Q4 25
-9.3%
13.4%
Q3 25
-2.2%
23.2%
Q2 25
1.5%
18.1%
Q1 25
-0.9%
18.9%
Q4 24
-4.9%
15.4%
Q3 24
0.3%
27.3%
Q2 24
0.5%
9.7%
Q1 24
-1.6%
15.3%
EPS (diluted)
CWH
CWH
LNT
LNT
Q4 25
$0.54
Q3 25
$1.09
Q2 25
$0.68
Q1 25
$0.83
Q4 24
$0.58
Q3 24
$1.15
Q2 24
$0.34
Q1 24
$0.62

Balance Sheet & Financial Strength

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

Metric
CWH
CWH
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$215.0M
$556.0M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$228.6M
$7.3B
Total Assets
$5.0B
$25.0B
Debt / EquityLower = less leverage
6.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWH
CWH
LNT
LNT
Q4 25
$215.0M
$556.0M
Q3 25
$230.5M
$753.0M
Q2 25
$118.1M
$329.0M
Q1 25
$20.9M
$25.0M
Q4 24
$208.4M
$81.0M
Q3 24
$28.4M
$827.0M
Q2 24
$23.7M
$92.0M
Q1 24
$29.7M
$32.0M
Total Debt
CWH
CWH
LNT
LNT
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.6B
Stockholders' Equity
CWH
CWH
LNT
LNT
Q4 25
$228.6M
$7.3B
Q3 25
$296.2M
$7.3B
Q2 25
$340.5M
$7.1B
Q1 25
$310.5M
$7.1B
Q4 24
$326.6M
$7.0B
Q3 24
$151.6M
$7.0B
Q2 24
$149.7M
$6.8B
Q1 24
$142.8M
$6.8B
Total Assets
CWH
CWH
LNT
LNT
Q4 25
$5.0B
$25.0B
Q3 25
$5.0B
$24.6B
Q2 25
$5.2B
$23.8B
Q1 25
$5.1B
$22.9B
Q4 24
$4.9B
$22.7B
Q3 24
$4.7B
$22.8B
Q2 24
$5.0B
$21.8B
Q1 24
$5.1B
$21.2B
Debt / Equity
CWH
CWH
LNT
LNT
Q4 25
6.44×
Q3 25
5.00×
Q2 25
4.42×
Q1 25
4.87×
Q4 24
4.64×
Q3 24
10.09×
Q2 24
10.28×
Q1 24
11.00×

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
LNT
LNT
Operating Cash FlowLast quarter
$-227.2M
$269.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWH
CWH
LNT
LNT
Q4 25
$-227.2M
$269.0M
Q3 25
$139.8M
$408.0M
Q2 25
$187.9M
$243.0M
Q1 25
$-232.5M
$249.0M
Q4 24
$-163.4M
$254.0M
Q3 24
$324.2M
$351.0M
Q2 24
$152.3M
$255.0M
Q1 24
$-68.0M
$307.0M
Free Cash Flow
CWH
CWH
LNT
LNT
Q4 25
Q3 25
$-103.0M
Q2 25
$-179.0M
Q1 25
$-305.0M
Q4 24
Q3 24
$-59.0M
Q2 24
$-137.0M
Q1 24
$-171.0M
FCF Margin
CWH
CWH
LNT
LNT
Q4 25
Q3 25
-8.5%
Q2 25
-18.6%
Q1 25
-27.0%
Q4 24
Q3 24
-5.5%
Q2 24
-15.3%
Q1 24
-16.6%
Capex Intensity
CWH
CWH
LNT
LNT
Q4 25
Q3 25
42.2%
Q2 25
43.9%
Q1 25
49.1%
Q4 24
Q3 24
37.9%
Q2 24
43.8%
Q1 24
46.4%
Cash Conversion
CWH
CWH
LNT
LNT
Q4 25
1.89×
Q3 25
1.45×
Q2 25
6.22×
1.40×
Q1 25
1.17×
Q4 24
1.69×
Q3 24
58.93×
1.19×
Q2 24
15.59×
2.93×
Q1 24
1.94×

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%

LNT
LNT

Retail Residential$313.0M29%
Retail Industrial$251.0M24%
Retail Commercial$226.0M21%
Gas$158.0M15%
Other Customer$43.0M4%
Wholesale$36.0M3%
Other Utility$15.0M1%
Steam$9.0M1%

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