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Side-by-side financial comparison of Camping World Holdings, Inc. (CWH) and Solstice Advanced Materials Inc. (SOLS). 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 $969.0M, roughly 1.2× Solstice Advanced Materials Inc.). Solstice Advanced Materials Inc. runs the higher net margin — -3.6% vs -9.3%, a 5.7% gap on every dollar of revenue. On growth, Solstice Advanced Materials Inc. posted the faster year-over-year revenue change (6.8% vs -2.6%).

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...

Solstice Advanced Materials Inc. is a specialty advanced materials provider that develops, produces and distributes high-performance functional materials for renewable energy systems, consumer electronics, industrial manufacturing and advanced automotive sectors. The company focuses on material solutions that boost product durability, energy efficiency and operational performance for its global clients.

CWH vs SOLS — Head-to-Head

Bigger by revenue
CWH
CWH
1.2× larger
CWH
$1.2B
$969.0M
SOLS
Growing faster (revenue YoY)
SOLS
SOLS
+9.4% gap
SOLS
6.8%
-2.6%
CWH
Higher net margin
SOLS
SOLS
5.7% more per $
SOLS
-3.6%
-9.3%
CWH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CWH
CWH
SOLS
SOLS
Revenue
$1.2B
$969.0M
Net Profit
$-109.1M
$-35.0M
Gross Margin
28.8%
32.0%
Operating Margin
-4.3%
17.9%
Net Margin
-9.3%
-3.6%
Revenue YoY
-2.6%
6.8%
Net Profit YoY
-83.3%
-123.0%
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
SOLS
SOLS
Q4 25
$1.2B
Q3 25
$1.8B
$969.0M
Q2 25
$2.0B
Q1 25
$1.4B
Q4 24
$1.2B
Q3 24
$1.7B
$907.0M
Q2 24
$1.8B
Q1 24
$1.4B
Net Profit
CWH
CWH
SOLS
SOLS
Q4 25
$-109.1M
Q3 25
$-40.4M
$-35.0M
Q2 25
$30.2M
Q1 25
$-12.3M
Q4 24
$-59.5M
Q3 24
$5.5M
$152.0M
Q2 24
$9.8M
Q1 24
$-22.3M
Gross Margin
CWH
CWH
SOLS
SOLS
Q4 25
28.8%
Q3 25
28.6%
32.0%
Q2 25
30.0%
Q1 25
30.4%
Q4 24
31.3%
Q3 24
28.9%
36.6%
Q2 24
30.3%
Q1 24
29.5%
Operating Margin
CWH
CWH
SOLS
SOLS
Q4 25
-4.3%
Q3 25
4.4%
17.9%
Q2 25
6.6%
Q1 25
1.5%
Q4 24
-1.3%
Q3 24
3.7%
21.7%
Q2 24
5.3%
Q1 24
0.3%
Net Margin
CWH
CWH
SOLS
SOLS
Q4 25
-9.3%
Q3 25
-2.2%
-3.6%
Q2 25
1.5%
Q1 25
-0.9%
Q4 24
-4.9%
Q3 24
0.3%
16.8%
Q2 24
0.5%
Q1 24
-1.6%

Balance Sheet & Financial Strength

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

Metric
CWH
CWH
SOLS
SOLS
Cash + ST InvestmentsLiquidity on hand
$215.0M
$417.0M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$228.6M
$3.2B
Total Assets
$5.0B
$5.2B
Debt / EquityLower = less leverage
6.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWH
CWH
SOLS
SOLS
Q4 25
$215.0M
Q3 25
$230.5M
$417.0M
Q2 25
$118.1M
Q1 25
$20.9M
Q4 24
$208.4M
Q3 24
$28.4M
Q2 24
$23.7M
Q1 24
$29.7M
Total Debt
CWH
CWH
SOLS
SOLS
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
SOLS
SOLS
Q4 25
$228.6M
Q3 25
$296.2M
$3.2B
Q2 25
$340.5M
Q1 25
$310.5M
Q4 24
$326.6M
Q3 24
$151.6M
$3.2B
Q2 24
$149.7M
Q1 24
$142.8M
Total Assets
CWH
CWH
SOLS
SOLS
Q4 25
$5.0B
Q3 25
$5.0B
$5.2B
Q2 25
$5.2B
Q1 25
$5.1B
Q4 24
$4.9B
Q3 24
$4.7B
Q2 24
$5.0B
Q1 24
$5.1B
Debt / Equity
CWH
CWH
SOLS
SOLS
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
SOLS
SOLS
Operating Cash FlowLast quarter
$-227.2M
$289.0M
Free Cash FlowOCF − Capex
$41.0M
FCF MarginFCF / Revenue
4.2%
Capex IntensityCapex / Revenue
25.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWH
CWH
SOLS
SOLS
Q4 25
$-227.2M
Q3 25
$139.8M
$289.0M
Q2 25
$187.9M
Q1 25
$-232.5M
Q4 24
$-163.4M
Q3 24
$324.2M
Q2 24
$152.3M
Q1 24
$-68.0M
Free Cash Flow
CWH
CWH
SOLS
SOLS
Q4 25
Q3 25
$41.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CWH
CWH
SOLS
SOLS
Q4 25
Q3 25
4.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CWH
CWH
SOLS
SOLS
Q4 25
Q3 25
25.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CWH
CWH
SOLS
SOLS
Q4 25
Q3 25
Q2 25
6.22×
Q1 25
Q4 24
Q3 24
58.93×
Q2 24
15.59×
Q1 24

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%

SOLS
SOLS

Refrigerants$400.0M41%
Research And Performance Chemicals$126.0M13%
Electronic Materials$103.0M11%
Other$89.0M9%
Services$64.0M7%
Alternative Energy Services$63.0M7%
Safety And Defense Solutions$53.0M5%
Healthcare Packaging$49.0M5%
Affiliated Entity$22.0M2%

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