CWH vs. WGO

Last updated Apr 1, 2026

Compare and contrast key facts about Camping World Holdings, Inc. (CWH) and Winnebago Industries, Inc. (WGO).

Performance

CWH vs. WGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Camping World Holdings, Inc. (CWH) and Winnebago Industries, Inc. (WGO). The values are adjusted to include any dividend payments, if applicable.

CWH vs. WGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CWH Camping World Holdings, Inc.	-29.80%	-52.24%	-17.93%	25.13%	-39.63%	61.88%	90.21%	35.35%	-73.62%	40.00%
WGO Winnebago Industries, Inc.	-22.93%	-11.86%	-33.08%	40.87%	-28.69%	25.97%	14.19%	121.91%	-56.04%	77.77%

Fundamentals

Market Cap CWH : $428.40M WGO : $883.22M
EPS CWH : $5.51 WGO : $1.47
PE Ratio CWH : 1.24 WGO : 21.12
PEG Ratio CWH : 0.01 WGO : 7.79
PS Ratio CWH : 0.07 WGO : 0.30
PB Ratio CWH : 1.87 WGO : 0.43
Total Revenue (TTM) CWH : $6.37B WGO : $2.91B
Gross Profit (TTM) CWH : $1.88B WGO : $379.80M
EBITDA (TTM) CWH : $545.79M WGO : $121.70M

Returns By Period

In the year-to-date period, CWH achieves a -29.80% return, which is significantly lower than WGO's -22.93% return.

CWH

• 1D: 3.80%
• 1M: -17.91%
• YTD: -29.80%
• 6M: -56.22%
• 1Y: -56.61%
• 3Y*: -29.01%
• 5Y*: -25.08%
• 10Y*: —

WGO

• 1D: -1.77%
• 1M: -22.31%
• YTD: -22.93%
• 6M: -6.62%
• 1Y: -6.49%
• 3Y*: -16.50%
• 5Y*: -15.36%
• 10Y*: 5.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CWH vs. WGO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWH

CWH Risk / Return Rank: 9
CWH Sharpe Ratio Rank: 9
CWH Sortino Ratio Rank: 11
CWH Omega Ratio Rank: 11
CWH Calmar Ratio Rank: 11
CWH Martin Ratio Rank: 3

WGO

WGO Risk / Return Rank: 36
WGO Sharpe Ratio Rank: 37
WGO Sortino Ratio Rank: 36
WGO Omega Ratio Rank: 35
WGO Calmar Ratio Rank: 36
WGO Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWH vs. WGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Camping World Holdings, Inc. (CWH) and Winnebago Industries, Inc. (WGO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CWH	WGO	Difference
Sharpe ratio Return per unit of total volatility	-0.79	-0.11	-0.67
Sortino ratio Return per unit of downside risk	-1.01	0.26	-1.27
Omega ratio Gain probability vs. loss probability	0.87	1.03	-0.16
Calmar ratio Return relative to maximum drawdown	-0.83	-0.19	-0.64
Martin ratio Return relative to average drawdown	-1.83	-0.52	-1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CWH vs. WGO - Sharpe Ratio Comparison

The current CWH Sharpe Ratio is -0.79, which is lower than the WGO Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of CWH and WGO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CWH	WGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.79	-0.11	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	-0.35	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.11	-0.23

Correlation

The correlation between CWH and WGO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CWH vs. WGO - Dividend Comparison

CWH's dividend yield for the trailing twelve months is around 5.49%, more than WGO's 4.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CWH Camping World Holdings, Inc.	5.49%	5.14%	2.37%	5.71%	11.20%	4.28%	5.67%	4.16%	5.34%	1.66%	0.25%	0.00%
WGO Winnebago Industries, Inc.	4.45%	3.38%	2.66%	1.54%	1.54%	0.72%	0.75%	0.83%	1.65%	0.72%	1.26%	1.86%

Drawdowns

CWH vs. WGO - Drawdown Comparison

The maximum CWH drawdown since its inception was -90.83%, roughly equal to the maximum WGO drawdown of -91.48%. Use the drawdown chart below to compare losses from any high point for CWH and WGO.

Drawdown Indicators

	CWH	WGO	Difference
Max Drawdown Largest peak-to-trough decline	-90.83%	-91.48%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-69.05%	-37.83%	-31.22%
Max Drawdown (5Y) Largest decline over 5 years	-84.72%	-63.62%	-21.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-67.12%	—
Current Drawdown Current decline from peak	-82.00%	-60.69%	-21.31%
Average Drawdown Average peak-to-trough decline	-40.51%	-40.62%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.31%	13.96%	+17.35%

Volatility

CWH vs. WGO - Volatility Comparison

Camping World Holdings, Inc. (CWH) has a higher volatility of 22.51% compared to Winnebago Industries, Inc. (WGO) at 11.53%. This indicates that CWH's price experiences larger fluctuations and is considered to be riskier than WGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWH	WGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.51%	11.53%	+10.98%
Volatility (6M) Calculated over the trailing 6-month period	54.49%	39.98%	+14.51%
Volatility (1Y) Calculated over the trailing 1-year period	71.97%	56.86%	+15.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.60%	44.59%	+9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.16%	48.68%	+13.48%

Financials

CWH vs. WGO - Profitability Comparison

The chart below illustrates the profitability comparison between Camping World Holdings, Inc. and Winnebago Industries, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CWH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Camping World Holdings, Inc. reported a gross profit of 338.24M and revenue of 1.17B. Therefore, the gross margin over that period was 28.8%.

WGO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Winnebago Industries, Inc. reported a gross profit of 85.60M and revenue of 657.40M. Therefore, the gross margin over that period was 13.0%.

CWH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Camping World Holdings, Inc. reported an operating income of -50.05M and revenue of 1.17B, resulting in an operating margin of -4.3%.

WGO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Winnebago Industries, Inc. reported an operating income of 11.80M and revenue of 657.40M, resulting in an operating margin of 1.8%.

CWH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Camping World Holdings, Inc. reported a net income of 368.46M and revenue of 1.17B, resulting in a net margin of 31.4%.

WGO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Winnebago Industries, Inc. reported a net income of 4.80M and revenue of 657.40M, resulting in a net margin of 0.7%.