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Side-by-side financial comparison of Camping World Holdings, Inc. (CWH) and Envista Holdings Corp (NVST). 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 $750.6M, roughly 1.6× Envista Holdings Corp). Envista Holdings Corp runs the higher net margin — 4.4% vs -9.3%, a 13.7% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs -2.6%). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% 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...

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

CWH vs NVST — Head-to-Head

Bigger by revenue
CWH
CWH
1.6× larger
CWH
$1.2B
$750.6M
NVST
Growing faster (revenue YoY)
NVST
NVST
+17.5% gap
NVST
15.0%
-2.6%
CWH
Higher net margin
NVST
NVST
13.7% more per $
NVST
4.4%
-9.3%
CWH
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
-7.2%
CWH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWH
CWH
NVST
NVST
Revenue
$1.2B
$750.6M
Net Profit
$-109.1M
$32.9M
Gross Margin
28.8%
54.7%
Operating Margin
-4.3%
9.8%
Net Margin
-9.3%
4.4%
Revenue YoY
-2.6%
15.0%
Net Profit YoY
-83.3%
2641.7%
EPS (diluted)
$0.20

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
NVST
NVST
Q4 25
$1.2B
$750.6M
Q3 25
$1.8B
$669.9M
Q2 25
$2.0B
$682.1M
Q1 25
$1.4B
$616.9M
Q4 24
$1.2B
$652.9M
Q3 24
$1.7B
$601.0M
Q2 24
$1.8B
$633.1M
Q1 24
$1.4B
$623.6M
Net Profit
CWH
CWH
NVST
NVST
Q4 25
$-109.1M
$32.9M
Q3 25
$-40.4M
$-30.3M
Q2 25
$30.2M
$26.4M
Q1 25
$-12.3M
$18.0M
Q4 24
$-59.5M
$1.2M
Q3 24
$5.5M
$8.2M
Q2 24
$9.8M
$-1.2B
Q1 24
$-22.3M
$23.6M
Gross Margin
CWH
CWH
NVST
NVST
Q4 25
28.8%
54.7%
Q3 25
28.6%
55.3%
Q2 25
30.0%
54.2%
Q1 25
30.4%
54.5%
Q4 24
31.3%
57.1%
Q3 24
28.9%
52.8%
Q2 24
30.3%
51.6%
Q1 24
29.5%
57.1%
Operating Margin
CWH
CWH
NVST
NVST
Q4 25
-4.3%
9.8%
Q3 25
4.4%
8.6%
Q2 25
6.6%
6.8%
Q1 25
1.5%
6.3%
Q4 24
-1.3%
7.1%
Q3 24
3.7%
3.5%
Q2 24
5.3%
-182.2%
Q1 24
0.3%
7.7%
Net Margin
CWH
CWH
NVST
NVST
Q4 25
-9.3%
4.4%
Q3 25
-2.2%
-4.5%
Q2 25
1.5%
3.9%
Q1 25
-0.9%
2.9%
Q4 24
-4.9%
0.2%
Q3 24
0.3%
1.4%
Q2 24
0.5%
-181.9%
Q1 24
-1.6%
3.8%
EPS (diluted)
CWH
CWH
NVST
NVST
Q4 25
$0.20
Q3 25
$-0.18
Q2 25
$0.16
Q1 25
$0.10
Q4 24
$0.00
Q3 24
$0.05
Q2 24
$-6.69
Q1 24
$0.14

Balance Sheet & Financial Strength

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

Metric
CWH
CWH
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$215.0M
$1.2B
Total DebtLower is stronger
$1.5B
$1.4B
Stockholders' EquityBook value
$228.6M
$3.1B
Total Assets
$5.0B
$5.7B
Debt / EquityLower = less leverage
6.44×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWH
CWH
NVST
NVST
Q4 25
$215.0M
$1.2B
Q3 25
$230.5M
$1.1B
Q2 25
$118.1M
$1.1B
Q1 25
$20.9M
$1.1B
Q4 24
$208.4M
$1.1B
Q3 24
$28.4M
$991.3M
Q2 24
$23.7M
$1.0B
Q1 24
$29.7M
$948.5M
Total Debt
CWH
CWH
NVST
NVST
Q4 25
$1.5B
$1.4B
Q3 25
$1.5B
$1.4B
Q2 25
$1.5B
$1.4B
Q1 25
$1.5B
$1.4B
Q4 24
$1.5B
$1.4B
Q3 24
$1.5B
$1.4B
Q2 24
$1.5B
$1.5B
Q1 24
$1.6B
$1.5B
Stockholders' Equity
CWH
CWH
NVST
NVST
Q4 25
$228.6M
$3.1B
Q3 25
$296.2M
$3.1B
Q2 25
$340.5M
$3.1B
Q1 25
$310.5M
$3.0B
Q4 24
$326.6M
$2.9B
Q3 24
$151.6M
$3.1B
Q2 24
$149.7M
$3.0B
Q1 24
$142.8M
$4.1B
Total Assets
CWH
CWH
NVST
NVST
Q4 25
$5.0B
$5.7B
Q3 25
$5.0B
$5.6B
Q2 25
$5.2B
$5.7B
Q1 25
$5.1B
$5.5B
Q4 24
$4.9B
$5.4B
Q3 24
$4.7B
$5.5B
Q2 24
$5.0B
$5.4B
Q1 24
$5.1B
$6.6B
Debt / Equity
CWH
CWH
NVST
NVST
Q4 25
6.44×
0.47×
Q3 25
5.00×
0.47×
Q2 25
4.42×
0.46×
Q1 25
4.87×
0.47×
Q4 24
4.64×
0.48×
Q3 24
10.09×
0.46×
Q2 24
10.28×
0.51×
Q1 24
11.00×
0.36×

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
NVST
NVST
Operating Cash FlowLast quarter
$-227.2M
$108.0M
Free Cash FlowOCF − Capex
$91.7M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWH
CWH
NVST
NVST
Q4 25
$-227.2M
$108.0M
Q3 25
$139.8M
$78.7M
Q2 25
$187.9M
$88.7M
Q1 25
$-232.5M
$300.0K
Q4 24
$-163.4M
$132.4M
Q3 24
$324.2M
$70.7M
Q2 24
$152.3M
$93.1M
Q1 24
$-68.0M
$40.3M
Free Cash Flow
CWH
CWH
NVST
NVST
Q4 25
$91.7M
Q3 25
$67.9M
Q2 25
$76.4M
Q1 25
$-5.6M
Q4 24
$123.8M
Q3 24
$63.3M
Q2 24
$86.3M
Q1 24
$29.3M
FCF Margin
CWH
CWH
NVST
NVST
Q4 25
12.2%
Q3 25
10.1%
Q2 25
11.2%
Q1 25
-0.9%
Q4 24
19.0%
Q3 24
10.5%
Q2 24
13.6%
Q1 24
4.7%
Capex Intensity
CWH
CWH
NVST
NVST
Q4 25
2.2%
Q3 25
1.6%
Q2 25
1.8%
Q1 25
1.0%
Q4 24
1.3%
Q3 24
1.2%
Q2 24
1.1%
Q1 24
1.8%
Cash Conversion
CWH
CWH
NVST
NVST
Q4 25
3.28×
Q3 25
Q2 25
6.22×
3.36×
Q1 25
0.02×
Q4 24
110.33×
Q3 24
58.93×
8.62×
Q2 24
15.59×
Q1 24
1.71×

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%

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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