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

Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.6× Camping World Holdings, Inc.). Primoris Services Corp runs the higher net margin — 2.8% vs -9.3%, a 12.1% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs -2.6%). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% 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...

Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.

CWH vs PRIM — Head-to-Head

Bigger by revenue
PRIM
PRIM
1.6× larger
PRIM
$1.9B
$1.2B
CWH
Growing faster (revenue YoY)
PRIM
PRIM
+9.2% gap
PRIM
6.7%
-2.6%
CWH
Higher net margin
PRIM
PRIM
12.1% more per $
PRIM
2.8%
-9.3%
CWH
Faster 2-yr revenue CAGR
PRIM
PRIM
Annualised
PRIM
14.7%
-7.2%
CWH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWH
CWH
PRIM
PRIM
Revenue
$1.2B
$1.9B
Net Profit
$-109.1M
$51.7M
Gross Margin
28.8%
9.4%
Operating Margin
-4.3%
4.2%
Net Margin
-9.3%
2.8%
Revenue YoY
-2.6%
6.7%
Net Profit YoY
-83.3%
-4.2%
EPS (diluted)
$0.94

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
PRIM
PRIM
Q4 25
$1.2B
$1.9B
Q3 25
$1.8B
$2.2B
Q2 25
$2.0B
$1.9B
Q1 25
$1.4B
$1.6B
Q4 24
$1.2B
$1.7B
Q3 24
$1.7B
$1.6B
Q2 24
$1.8B
$1.6B
Q1 24
$1.4B
$1.4B
Net Profit
CWH
CWH
PRIM
PRIM
Q4 25
$-109.1M
$51.7M
Q3 25
$-40.4M
$94.6M
Q2 25
$30.2M
$84.3M
Q1 25
$-12.3M
$44.2M
Q4 24
$-59.5M
$54.0M
Q3 24
$5.5M
$58.4M
Q2 24
$9.8M
$49.5M
Q1 24
$-22.3M
$18.9M
Gross Margin
CWH
CWH
PRIM
PRIM
Q4 25
28.8%
9.4%
Q3 25
28.6%
10.8%
Q2 25
30.0%
12.3%
Q1 25
30.4%
10.4%
Q4 24
31.3%
10.6%
Q3 24
28.9%
12.0%
Q2 24
30.3%
11.9%
Q1 24
29.5%
9.4%
Operating Margin
CWH
CWH
PRIM
PRIM
Q4 25
-4.3%
4.2%
Q3 25
4.4%
6.3%
Q2 25
6.6%
6.7%
Q1 25
1.5%
4.3%
Q4 24
-1.3%
5.0%
Q3 24
3.7%
6.0%
Q2 24
5.3%
5.5%
Q1 24
0.3%
3.1%
Net Margin
CWH
CWH
PRIM
PRIM
Q4 25
-9.3%
2.8%
Q3 25
-2.2%
4.3%
Q2 25
1.5%
4.5%
Q1 25
-0.9%
2.7%
Q4 24
-4.9%
3.1%
Q3 24
0.3%
3.5%
Q2 24
0.5%
3.2%
Q1 24
-1.6%
1.3%
EPS (diluted)
CWH
CWH
PRIM
PRIM
Q4 25
$0.94
Q3 25
$1.73
Q2 25
$1.54
Q1 25
$0.81
Q4 24
$0.98
Q3 24
$1.07
Q2 24
$0.91
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
CWH
CWH
PRIM
PRIM
Cash + ST InvestmentsLiquidity on hand
$215.0M
$535.5M
Total DebtLower is stronger
$1.5B
$469.9M
Stockholders' EquityBook value
$228.6M
$1.7B
Total Assets
$5.0B
$4.4B
Debt / EquityLower = less leverage
6.44×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWH
CWH
PRIM
PRIM
Q4 25
$215.0M
$535.5M
Q3 25
$230.5M
$431.4M
Q2 25
$118.1M
$390.3M
Q1 25
$20.9M
$351.6M
Q4 24
$208.4M
$455.8M
Q3 24
$28.4M
$352.7M
Q2 24
$23.7M
$207.4M
Q1 24
$29.7M
$177.6M
Total Debt
CWH
CWH
PRIM
PRIM
Q4 25
$1.5B
$469.9M
Q3 25
$1.5B
$486.0M
Q2 25
$1.5B
$603.1M
Q1 25
$1.5B
$612.0M
Q4 24
$1.5B
$734.8M
Q3 24
$1.5B
$903.7M
Q2 24
$1.5B
$933.0M
Q1 24
$1.6B
$951.7M
Stockholders' Equity
CWH
CWH
PRIM
PRIM
Q4 25
$228.6M
$1.7B
Q3 25
$296.2M
$1.6B
Q2 25
$340.5M
$1.5B
Q1 25
$310.5M
$1.4B
Q4 24
$326.6M
$1.4B
Q3 24
$151.6M
$1.4B
Q2 24
$149.7M
$1.3B
Q1 24
$142.8M
$1.2B
Total Assets
CWH
CWH
PRIM
PRIM
Q4 25
$5.0B
$4.4B
Q3 25
$5.0B
$4.6B
Q2 25
$5.2B
$4.5B
Q1 25
$5.1B
$4.2B
Q4 24
$4.9B
$4.2B
Q3 24
$4.7B
$4.2B
Q2 24
$5.0B
$4.0B
Q1 24
$5.1B
$4.0B
Debt / Equity
CWH
CWH
PRIM
PRIM
Q4 25
6.44×
0.28×
Q3 25
5.00×
0.30×
Q2 25
4.42×
0.39×
Q1 25
4.87×
0.42×
Q4 24
4.64×
0.52×
Q3 24
10.09×
0.67×
Q2 24
10.28×
0.72×
Q1 24
11.00×
0.76×

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
PRIM
PRIM
Operating Cash FlowLast quarter
$-227.2M
$142.9M
Free Cash FlowOCF − Capex
$121.1M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.76×
TTM Free Cash FlowTrailing 4 quarters
$340.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWH
CWH
PRIM
PRIM
Q4 25
$-227.2M
$142.9M
Q3 25
$139.8M
$182.9M
Q2 25
$187.9M
$78.5M
Q1 25
$-232.5M
$66.2M
Q4 24
$-163.4M
$298.3M
Q3 24
$324.2M
$222.5M
Q2 24
$152.3M
$16.1M
Q1 24
$-68.0M
$-28.5M
Free Cash Flow
CWH
CWH
PRIM
PRIM
Q4 25
$121.1M
Q3 25
$148.4M
Q2 25
$45.3M
Q1 25
$25.6M
Q4 24
$270.0M
Q3 24
$158.8M
Q2 24
$-8.1M
Q1 24
$-38.9M
FCF Margin
CWH
CWH
PRIM
PRIM
Q4 25
6.5%
Q3 25
6.8%
Q2 25
2.4%
Q1 25
1.6%
Q4 24
15.5%
Q3 24
9.6%
Q2 24
-0.5%
Q1 24
-2.8%
Capex Intensity
CWH
CWH
PRIM
PRIM
Q4 25
1.2%
Q3 25
1.6%
Q2 25
1.8%
Q1 25
2.5%
Q4 24
1.6%
Q3 24
3.9%
Q2 24
1.5%
Q1 24
0.7%
Cash Conversion
CWH
CWH
PRIM
PRIM
Q4 25
2.76×
Q3 25
1.93×
Q2 25
6.22×
0.93×
Q1 25
1.50×
Q4 24
5.53×
Q3 24
58.93×
3.81×
Q2 24
15.59×
0.32×
Q1 24
-1.50×

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%

PRIM
PRIM

Energy Segment$1.2B64%
Unit Price Contracts$473.7M25%
Cost Reimbursable Contracts$121.3M7%
Other$74.9M4%

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