WGO
Winnebago Industries, Inc.
Auto - Recreational Vehicles
Market Cap$896M
5Y Perf.-41.6%
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Stock Comparison
WGO vs THO
Revenue, margins, valuation, and 5-year total return — side by side.
THO
Thor Industries, Inc.
Auto - Recreational Vehicles
Market Cap$4.08B
5Y Perf.-10.4%
WGO vs THO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | WGO | THO |
|---|---|---|
| Industry | Auto - Recreational Vehicles | Auto - Recreational Vehicles |
| Market Cap | $896M | $4.08B |
| Revenue (TTM) | $2.88B | $9.93B |
| Net Income (TTM) | $36M | $300M |
| Gross Margin | 13.1% | 14.0% |
| Operating Margin | 2.5% | 4.5% |
| Forward P/E | 13.6x | 18.6x |
| Total Debt | $595M | $923M |
| Cash & Equiv. | $174M | $587M |
WGO vs THO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
WGO
THO
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Winnebago Industrie… (WGO) | 100 | 58.4 | -41.6% |
| Thor Industries, In… (THO) | 100 | 89.6 | -10.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WGO vs THO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: THO leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Winnebago Industries, Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
WGO
Winnebago Industries, Inc.
The Income Pick
WGO is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 7 yrs, beta 1.17, yield 4.3%
- 88.6% 10Y total return vs THO's 44.1%
- Lower volatility, beta 1.17, Low D/E 48.6%, current ratio 2.42x
Best for: income & stability and long-term compounding
THO
Thor Industries, Inc.
The Growth Play
THO carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth -4.6%, EPS growth -2.0%, 3Y rev CAGR -16.3%
- -4.6% revenue growth vs WGO's -5.9%
- 3.0% margin vs WGO's 1.3%
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | THO | -4.6% revenue growth vs WGO's -5.9% |
| Value | WGO | Lower P/E (13.6x vs 18.6x) |
| Quality / Margins | THO | 3.0% margin vs WGO's 1.3% |
| Stability / Safety | WGO | Beta 1.17 vs THO's 1.25 |
| Dividends | WGO | 4.3% yield, 7-year raise streak, vs THO's 2.6% |
| Momentum (1Y) | THO | +3.9% vs WGO's -1.5% |
| Efficiency (ROA) | THO | 4.3% ROA vs WGO's 1.7%, ROIC 6.7% vs 2.6% |
WGO vs THO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2020
WGO vs THO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTHOLAGGINGWGO
WGOWinnebago Industries,…
1leads
THOThor Industries, Inc.
3leads
6 Total Categories
CATEGORYLEADERvs WGOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
THO4/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
THO7/8
Total Returns1Y, 3Y, 5Y total returns with dividends
THO4/6
Risk & VolatilityBeta, volatility, and downside exposure
WGO2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
THO leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
THO is the larger business by revenue, generating $9.9B annually — 3.5x WGO's $2.9B. Profitability is closely matched — net margins range from 3.0% (THO) to 1.3% (WGO). On growth, WGO holds the edge at +12.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | WGOWinnebago Industr… | THOThor Industries, … |
|---|---|---|
| RevenueTrailing 12 months | $2.9B | $9.9B |
| EBITDAEarnings before interest/tax | $132M | $714M |
| Net IncomeAfter-tax profit | $36M | $300M |
| Free Cash FlowCash after capex | $136M | $228M |
| Gross MarginGross profit ÷ Revenue | +13.1% | +14.0% |
| Operating MarginEBIT ÷ Revenue | +2.5% | +4.5% |
| Net MarginNet income ÷ Revenue | +1.3% | +3.0% |
| FCF MarginFCF ÷ Revenue | +4.7% | +2.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.3% | +5.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.1% | +35.0% |
THO leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
Evenly matched — WGO and THO each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 16.0x trailing earnings, THO trades at a 54% valuation discount to WGO's 34.9x P/E. On an enterprise value basis, THO's 6.4x EV/EBITDA is more attractive than WGO's 13.8x.
| Metric | WGOWinnebago Industr… | THOThor Industries, … |
|---|---|---|
| Market CapShares × price | $896M | $4.1B |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $4.4B |
| Trailing P/EPrice ÷ TTM EPS | 34.89x | 15.95x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.61x | 18.61x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.28x |
| EV / EBITDAEnterprise value multiple | 13.77x | 6.41x |
| Price / SalesMarket cap ÷ Revenue | 0.32x | 0.43x |
| Price / BookPrice ÷ Book value/share | 0.73x | 0.96x |
| Price / FCFMarket cap ÷ FCF | 10.01x | 8.97x |
Evenly matched — WGO and THO each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
THO leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
THO delivers a 7.0% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $3 for WGO. THO carries lower financial leverage with a 0.22x debt-to-equity ratio, signaling a more conservative balance sheet compared to WGO's 0.49x.
| Metric | WGOWinnebago Industr… | THOThor Industries, … |
|---|---|---|
| ROE (TTM)Return on equity | +3.0% | +7.0% |
| ROA (TTM)Return on assets | +1.7% | +4.3% |
| ROICReturn on invested capital | +2.6% | +6.7% |
| ROCEReturn on capital employed | +2.9% | +7.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.49x | 0.22x |
| Net DebtTotal debt minus cash | $421M | $336M |
| Cash & Equiv.Liquid assets | $174M | $587M |
| Total DebtShort + long-term debt | $595M | $923M |
| Interest CoverageEBIT ÷ Interest expense | 2.77x | 9.82x |
THO leads this category, winning 7 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
THO leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in THO five years ago would be worth $6,134 today (with dividends reinvested), compared to $4,579 for WGO. Over the past 12 months, THO leads with a +3.9% total return vs WGO's -1.5%. The 3-year compound annual growth rate (CAGR) favors THO at 0.2% vs WGO's -15.6% — a key indicator of consistent wealth creation.
| Metric | WGOWinnebago Industr… | THOThor Industries, … |
|---|---|---|
| YTD ReturnYear-to-date | -20.5% | -25.8% |
| 1-Year ReturnPast 12 months | -1.5% | +3.9% |
| 3-Year ReturnCumulative with dividends | -39.9% | +0.6% |
| 5-Year ReturnCumulative with dividends | -54.2% | -38.7% |
| 10-Year ReturnCumulative with dividends | +88.6% | +44.1% |
| CAGR (3Y)Annualised 3-year return | -15.6% | +0.2% |
THO leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
WGO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WGO is the less volatile stock with a 1.17 beta — it tends to amplify market swings less than THO's 1.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | WGOWinnebago Industr… | THOThor Industries, … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.17x | 1.25x |
| 52-Week HighHighest price in past year | $50.16 | $122.83 |
| 52-Week LowLowest price in past year | $28.00 | $73.36 |
| % of 52W HighCurrent price vs 52-week peak | +63.3% | +62.9% |
| RSI (14)Momentum oscillator 0–100 | 45.3 | 43.5 |
| Avg Volume (50D)Average daily shares traded | 617K | 740K |
WGO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — WGO and THO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates WGO as "Hold" and THO as "Hold". Consensus price targets imply 48.0% upside for THO (target: $114) vs 31.7% for WGO (target: $42). For income investors, WGO offers the higher dividend yield at 4.33% vs THO's 2.57%.
| Metric | WGOWinnebago Industr… | THOThor Industries, … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $41.80 | $114.25 |
| # AnalystsCovering analysts | 22 | 41 |
| Dividend YieldAnnual dividend ÷ price | +4.3% | +2.6% |
| Dividend StreakConsecutive years of raises | 7 | 10 |
| Dividend / ShareAnnual DPS | $1.37 | $1.99 |
| Buyback YieldShare repurchases ÷ mkt cap | +6.0% | +1.3% |
Evenly matched — WGO and THO each lead in 1 of 2 comparable metrics.
Key Takeaway
THO leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). WGO leads in 1 (Risk & Volatility). 2 tied.
Best OverallThor Industries, Inc. (THO)Leads 3 of 6 categories
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WGO vs THO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WGO or THO a better buy right now?
For growth investors, Thor Industries, Inc.
(THO) is the stronger pick with -4. 6% revenue growth year-over-year, versus -5. 9% for Winnebago Industries, Inc. (WGO). Thor Industries, Inc. (THO) offers the better valuation at 16. 0x trailing P/E (18. 6x forward), making it the more compelling value choice. Analysts rate Winnebago Industries, Inc. (WGO) a "Hold" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — WGO or THO?
On trailing P/E, Thor Industries, Inc.
(THO) is the cheapest at 16. 0x versus Winnebago Industries, Inc. at 34. 9x. On forward P/E, Winnebago Industries, Inc. is actually cheaper at 13. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — WGO or THO?
Over the past 5 years, Thor Industries, Inc.
(THO) delivered a total return of -38. 7%, compared to -54. 2% for Winnebago Industries, Inc. (WGO). Over 10 years, the gap is even starker: WGO returned +88. 6% versus THO's +44. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — WGO or THO?
By beta (market sensitivity over 5 years), Winnebago Industries, Inc.
(WGO) is the lower-risk stock at 1. 17β versus Thor Industries, Inc. 's 1. 25β — meaning THO is approximately 7% more volatile than WGO relative to the S&P 500. On balance sheet safety, Thor Industries, Inc. (THO) carries a lower debt/equity ratio of 22% versus 49% for Winnebago Industries, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — WGO or THO?
By revenue growth (latest reported year), Thor Industries, Inc.
(THO) is pulling ahead at -4. 6% versus -5. 9% for Winnebago Industries, Inc. (WGO). On earnings-per-share growth, the picture is similar: Winnebago Industries, Inc. grew EPS 106. 8% year-over-year, compared to -2. 0% for Thor Industries, Inc.. Over a 3-year CAGR, THO leads at -16. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — WGO or THO?
Thor Industries, Inc.
(THO) is the more profitable company, earning 2. 7% net margin versus 0. 9% for Winnebago Industries, Inc. — meaning it keeps 2. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: THO leads at 4. 4% versus 2. 0% for WGO. At the gross margin level — before operating expenses — THO leads at 14. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is WGO or THO more undervalued right now?
On forward earnings alone, Winnebago Industries, Inc.
(WGO) trades at 13. 6x forward P/E versus 18. 6x for Thor Industries, Inc. — 5. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for THO: 48. 0% to $114. 25.
08Which pays a better dividend — WGO or THO?
All stocks in this comparison pay dividends.
Winnebago Industries, Inc. (WGO) offers the highest yield at 4. 3%, versus 2. 6% for Thor Industries, Inc. (THO).
09Is WGO or THO better for a retirement portfolio?
For long-horizon retirement investors, Winnebago Industries, Inc.
(WGO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 17), 4. 3% yield). Both have compounded well over 10 years (WGO: +88. 6%, THO: +44. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between WGO and THO?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: WGO is a small-cap income-oriented stock; THO is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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%
(WGO: 12.3% · THO: 5.3%)P/E Ratio<
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