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Thor Industries, Inc.(THO)Earnings, Financials & Key Ratios
THO•NYSE
$77.18
$4.08B mkt cap·15.9× P/E·Price updated May 6, 2026
AboutThor Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. The company was founded in 1980 and is based in Elkhart, Indiana.Show more
- Revenue$9.58B-4.6%
- EBITDA$689M-1.7%
- Net Income$259M-2.5%
- EPS (Diluted)4.84-2.0%
- Gross Margin13.99%-3.2%
- EBITDA Margin7.2%+3.1%
- Operating Margin4.36%+3.4%
- Net Margin2.7%+2.2%
- ROE6.18%-6.1%
- ROIC6.72%+0.9%
- Debt/Equity0.22-22.7%
- Interest Coverage8.63+80.5%
THO Key Insights
Thor Industries, Inc. (THO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓10 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 2.6%
- ✓Trading at only 1.0x book value
- ✓Efficient asset utilization: 1.4x turnover
✗Weaknesses
- ✗Weak momentum: RS Rating 16 (bottom 16%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
THO Price & Volume
Thor Industries, Inc. (THO) stock price & volume — 10-year historical chart
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THO Growth Metrics
Thor Industries, Inc. (THO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.11%
5 Years3.24%
3 Years-16.26%
TTM4.6%
Profit CAGR
10 Years2.63%
5 Years3.01%
3 Years-38.98%
TTM48.61%
EPS CAGR
10 Years2.61%
5 Years3.73%
3 Years-38.28%
TTM49.78%
Return on Capital
10 Years18.55%
5 Years15.16%
3 Years8.67%
Last Year7.65%
THO Recent Earnings
Thor Industries, Inc. (THO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Mar 3, 2026EPS
$0.04
Est $0.03
+33.3%
Revenue
$2.1B
Est $2.0B
+8.6%
Q4 2025
Dec 3, 2025EPS
$0.41
Est $0.07
+652.2%
Revenue
$2.4B
Est $2.0B
+16.7%
Q4 2025
Sep 24, 2025EPS
$2.31
Est $1.16
+99.1%
Revenue
$2.5B
Est $2.1B
+20.9%
Q3 2025
Jun 4, 2025EPS
$2.77
Est $1.79
+54.7%
Revenue
$2.9B
Est $2.6B
+10.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 3, 2026 | $0.04vs $0.03+33.3% | $2.1Bvs $2.0B+8.6% |
| Q4 2025 | Dec 3, 2025 | $0.41vs $0.07+652.2% | $2.4Bvs $2.0B+16.7% |
| Q4 2025 | Sep 24, 2025 | $2.31vs $1.16+99.1% | $2.5Bvs $2.1B+20.9% |
| Q3 2025 | Jun 4, 2025 | $2.77vs $1.79+54.7% | $2.9Bvs $2.6B+10.7% |
Based on last 12 quarters of dataView full earnings history →
THO Peer Comparison
Thor Industries, Inc. (THO) competitors in RV and Powersports Manufacturers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WGO | 901.65M | 31.95 | 35.11 | -5.9% | 1.27% | 2.95% | 0.49 | |
 CWH | 501.17M | 7.89 | -5.52 | 4.41% | -1.49% | -21.83% | 7.17 | |
 LCII | 2.84B | 116.95 | 15.45 | 10.18% | 4.84% | 14.69% | 0.91 | |
 PII | 3.8B | 67.04 | -8.20 | -0.33% | -6.13% | -45.24% | 1.83 | |
 BC | 5.3B | 81.46 | -39.16 | 2.4% | -2.47% | -5.12% | 1.49 | |
 DOOO | 2.34B | 64.23 | -31.06 | -24.47% | -0.48% | -7.62% | 12.68 | |
 HOG | 2.67B | 23.84 | 8.58 | -13.76% | 5.34% | 7.03% | 0.97 | |
 PATK | 3.19B | 95.90 | 24.59 | 6.33% | 3.46% | 11.64% | 1.39 |
Compare THO vs Peers
Thor Industries, Inc. (THO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
THO Income Statement
Thor Industries, Inc. (THO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 7.25B | 8.33B | 7.86B | 8.17B | 12.32B | 16.31B | 11.12B | 10.04B | 9.58B | 9.93B |
| Revenue Growth % | 58.16% | 14.93% | -5.57% | 3.85% | 50.8% | 32.44% | -31.82% | -9.69% | -4.62% | 4.6% |
| Cost of Goods Sold | 6.2B | 7.16B | 6.89B | 7.05B | 10.42B | 13.51B | 9.53B | 8.59B | 8.24B | 8.55B |
| COGS % of Revenue | 85.6% | 86.02% | 87.63% | 86.31% | 84.62% | 82.8% | 85.65% | 85.54% | 86.01% | - |
| Gross Profit | 1.04B▲ 0% | 1.16B▲ 11.6% | 973.09M▼ 16.4% | 1.12B▲ 14.9% | 1.89B▲ 69.5% | 2.81B▲ 48.1% | 1.6B▼ 43.1% | 1.45B▼ 9.0% | 1.34B▼ 7.7% | 1.39B▲ 0% |
| Gross Margin % | 14.4% | 13.98% | 12.37% | 13.69% | 15.38% | 17.2% | 14.35% | 14.46% | 13.99% | 13.96% |
| Gross Profit Growth % | 43.68% | 11.6% | -16.45% | 14.91% | 69.47% | 48.08% | -43.11% | -9.05% | -7.67% | - |
| Operating Expenses | 483.77M | 532.56M | 611.68M | 731.35M | 987.1M | 1.27B | 1.01B | 1.03B | 922.55M | 912.94M |
| OpEx % of Revenue | 6.68% | 6.39% | 7.78% | 8.95% | 8.01% | 7.81% | 9.09% | 10.24% | 9.63% | - |
| Selling, General & Admin | 419.85M | 477.44M | 536.04M | 634.12M | 869.92M | 1.12B | 870.05M | 895.53M | 915.87M | 942.19M |
| SG&A % of Revenue | 5.79% | 5.73% | 6.82% | 7.76% | 7.06% | 6.84% | 7.82% | 8.92% | 9.56% | - |
| Research & Development | 2.58M | 2.01M | 9.38M | 19.12M | 26.77M | 39M | 36.59M | 49.38M | 0 | 48.58M |
| R&D % of Revenue | 0.04% | 0.02% | 0.12% | 0.23% | 0.22% | 0.24% | 0.33% | 0.49% | - | - |
| Other Operating Expenses | 5.38M | 3.96M | 75.64M | 97.23M | 117.18M | 156.95M | 11.31M | 83.16M | 6.69M | 0 |
| Operating Income | 559.81M▲ 0% | 632.1M▲ 12.9% | 359.56M▼ 43.1% | 180.94M▼ 49.7% | 938.92M▲ 418.9% | 1.53B▲ 63.2% | 596.8M▼ 61.1% | 423.89M▼ 29.0% | 418.09M▼ 1.4% | 445.36M▲ 0% |
| Operating Margin % | 7.72% | 7.59% | 4.57% | 2.22% | 7.62% | 9.4% | 5.37% | 4.22% | 4.36% | 4.48% |
| Operating Income Growth % | 42.77% | 12.91% | -43.12% | -49.68% | 418.93% | 63.23% | -61.06% | -28.97% | -1.37% | - |
| EBITDA | 658.07M | 725.33M | 508.34M | 377.1M | 1.17B | 1.82B | 873.73M | 701.03M | 689.29M | 713.83M |
| EBITDA Margin % | 9.08% | 8.71% | 6.46% | 4.62% | 9.49% | 11.14% | 7.86% | 6.98% | 7.2% | 7.19% |
| EBITDA Growth % | 47.99% | 10.22% | -29.92% | -25.82% | 210.13% | 55.37% | -51.92% | -19.77% | -1.67% | 14.17% |
| D&A (Non-Cash Add-back) | 98.26M | 93.22M | 148.78M | 196.17M | 230.58M | 284.45M | 276.93M | 277.14M | 271.21M | 268.46M |
| EBIT | 559.81M | 632.1M | 252.78M | 380.22M | 938.13M | 1.55B | 596.8M | 437.51M | 344.63M | 389.73M |
| Net Interest Income | -8.81M | -3.04M | -60.03M | -104.21M | -93.55M | -90.09M | -97.45M | -88.67M | -48.44M | -39.68M |
| Interest Income | 923K | 2.15M | 8.08M | 3.12M | 797K | 1.13M | 0 | 0 | 0 | 0 |
| Interest Expense | 9.73M | 5.19M | 68.11M | 107.32M | 94.34M | 91.22M | 97.45M | 88.67M | 48.44M | 39.68M |
| Other Income/Expense | -3.42M | 925K | -176.75M | -114.34M | -153.7M | -190.71M | -190.35M | -75.04M | -121.9M | -3.73M |
| Pretax Income | 556.39M▲ 0% | 633.03M▲ 13.8% | 184.67M▼ 70.8% | 272.9M▲ 47.8% | 844.58M▲ 209.5% | 1.46B▲ 72.9% | 499.35M▼ 65.8% | 348.84M▼ 30.1% | 296.19M▼ 15.1% | 352.43M▲ 0% |
| Pretax Margin % | 7.68% | 7.6% | 2.35% | 3.34% | 6.86% | 8.95% | 4.49% | 3.47% | 3.09% | 3.55% |
| Income Tax | 182.13M | 202.88M | 52.2M | 51.51M | 183.71M | 321.62M | 125.11M | 83.44M | 39.6M | 54.06M |
| Effective Tax Rate % | 32.73% | 32.05% | 28.27% | 18.88% | 21.75% | 22.03% | 25.06% | 23.92% | 13.37% | 15.34% |
| Net Income | 374.25M▲ 0% | 430.15M▲ 14.9% | 133.28M▼ 69.0% | 222.97M▲ 67.3% | 659.87M▲ 195.9% | 1.14B▲ 72.4% | 374.27M▼ 67.1% | 265.31M▼ 29.1% | 258.56M▼ 2.5% | 300.41M▲ 0% |
| Net Margin % | 5.16% | 5.16% | 1.69% | 2.73% | 5.36% | 6.98% | 3.37% | 2.64% | 2.7% | 3.02% |
| Net Income Growth % | 45.9% | 14.94% | -69.02% | 67.3% | 195.94% | 72.43% | -67.11% | -29.11% | -2.54% | 48.61% |
| Net Income (Continuing) | 374.25M | 430.15M | 132.47M | 221.38M | 660.87M | 1.14B | 374.24M | 265.4M | 256.59M | 301.52M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 10.8M | 25.79M | 26.26M | 7.79M | 7.38M | 6.62M | 1.05M | -562K |
| EPS (Diluted) | 7.09▲ 0% | 8.14▲ 14.8% | 2.47▼ 69.7% | 4.03▲ 63.2% | 11.85▲ 194.0% | 20.59▲ 73.8% | 6.95▼ 66.2% | 4.94▼ 28.9% | 4.84▼ 2.0% | 5.68▲ 0% |
| EPS Growth % | 45.29% | 14.81% | -69.66% | 63.16% | 194.04% | 73.76% | -66.25% | -28.92% | -2.02% | 49.78% |
| EPS (Basic) | 7.12 | 8.17 | 2.47 | 4.04 | 11.93 | 20.67 | 7.00 | 4.98 | 4.87 | - |
| Diluted Shares Outstanding | 52.76M | 52.85M | 54.03M | 55.4M | 55.69M | 55.26M | 53.86M | 53.69M | 53.4M | 52.84M |
| Basic Shares Outstanding | 52.56M | 52.67M | 53.91M | 55.17M | 55.33M | 55.03M | 53.48M | 53.25M | 53.09M | 52.7M |
| Dividend Payout Ratio | 18.55% | 18.13% | 63.13% | 39.61% | 13.76% | 8.34% | 25.64% | 38.5% | 41.05% | - |
THO Balance Sheet
Thor Industries, Inc. (THO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.18B | 1.31B | 2.04B | 2.1B | 2.8B | 3.06B | 2.79B | 2.65B | 2.78B | 2.72B |
| Cash & Short-Term Investments | 223.26M | 275.25M | 451.26M | 541.36M | 445.85M | 311.69M | 441.23M | 501.32M | 586.6M | 242.18M |
| Cash Only | 223.26M | 275.25M | 451.26M | 541.36M | 445.85M | 311.69M | 441.23M | 501.32M | 586.6M | 242.18M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 484.84M | 487.24M | 716.23M | 814.23M | 949.93M | 944.18M | 643.22M | 700.89M | 707.36M | 632.44M |
| Days Sales Outstanding | 24.42 | 21.35 | 33.24 | 36.39 | 28.15 | 21.13 | 21.11 | 25.47 | 26.95 | 26.19 |
| Inventory | 460.49M | 537.91M | 827.99M | 716.3M | 1.37B | 1.75B | 1.65B | 1.37B | 1.35B | 1.59B |
| Days Inventory Outstanding | 27.09 | 27.41 | 43.85 | 37.09 | 47.96 | 47.42 | 63.34 | 58.06 | 59.89 | 61.47 |
| Other Current Assets | 0 | 0 | 25.65M | 2.84M | 38.35M | 51.97M | 56.06M | 81.18M | 132.22M | 253.65M |
| Total Non-Current Assets | 1.38B | 1.47B | 3.62B | 3.67B | 3.85B | 4.35B | 4.47B | 4.37B | 4.29B | 4.3B |
| Property, Plant & Equipment | 425.24M | 522.05M | 1.09B | 1.11B | 1.19B | 1.26B | 1.39B | 1.39B | 1.32B | 1.33B |
| Fixed Asset Turnover | 17.04x | 15.95x | 7.20x | 7.37x | 10.39x | 12.97x | 8.01x | 7.22x | 7.28x | 7.44x |
| Goodwill | 377.69M | 377.69M | 1.36B | 1.48B | 1.56B | 1.8B | 1.8B | 1.79B | 1.84B | 1.88B |
| Intangible Assets | 443.47M | 388.35M | 970.81M | 914.72M | 937.17M | 1.12B | 996.98M | 861.13M | 758.76M | 715.14M |
| Long-Term Investments | -821.16M | 48.46M | 46.18M | -91.53M | -123.79M | -157.9M | 126.91M | 137.27M | 136.78M | 779.99M |
| Other Non-Current Assets | 821.16M | 0 | -46.18M | 91.53M | 123.79M | 157.9M | 149.36M | 166.29M | 199.25M | 584.97M |
| Total Assets | 2.56B▲ 0% | 2.78B▲ 8.6% | 5.66B▲ 103.7% | 5.77B▲ 2.0% | 6.65B▲ 15.3% | 7.41B▲ 11.3% | 7.26B▼ 2.0% | 7.02B▼ 3.3% | 7.07B▲ 0.6% | 7.02B▲ 0% |
| Asset Turnover | 2.83x | 3.00x | 1.39x | 1.42x | 1.85x | 2.20x | 1.53x | 1.43x | 1.36x | 1.41x |
| Asset Growth % | 10% | 8.63% | 103.71% | 1.96% | 15.29% | 11.33% | -1.99% | -3.31% | 0.63% | 6.2% |
| Total Current Liabilities | 781.05M | 769.33M | 1.45B | 1.52B | 1.79B | 1.76B | 1.72B | 1.57B | 1.58B | 1.54B |
| Accounts Payable | 328.6M | 286.97M | 551.83M | 636.51M | 915.04M | 822.45M | 736.27M | 628.13M | 738.14M | 763.95M |
| Days Payables Outstanding | 19.33 | 14.62 | 29.23 | 32.96 | 32.05 | 22.23 | 28.21 | 26.69 | 32.7 | 31.58 |
| Short-Term Debt | 0 | 0 | 17.37M | 13.82M | 12.41M | 13.19M | 11.37M | 32.65M | 3.37M | 2.92M |
| Deferred Revenue (Current) | -378K | -410K | 835.03M | 829.02M | 841.61M | 0 | 56.06M | 0 | 0 | 0 |
| Other Current Liabilities | 284.51M | 302.09M | 585.81M | 525.57M | 407.69M | 447.78M | 537.99M | 490.94M | 770.72M | 773.21M |
| Current Ratio | 1.51x | 1.70x | 1.41x | 1.39x | 1.56x | 1.74x | 1.63x | 1.69x | 1.75x | 1.75x |
| Quick Ratio | 0.92x | 1.01x | 0.84x | 0.91x | 0.80x | 0.74x | 0.66x | 0.82x | 0.90x | 0.90x |
| Cash Conversion Cycle | 32.18 | 34.14 | 47.87 | 40.52 | 44.06 | 46.32 | 56.24 | 56.85 | 54.14 | 56.08 |
| Total Non-Current Liabilities | 200.34M | 71.59M | 2.12B | 1.91B | 1.91B | 2.05B | 1.56B | 1.38B | 1.19B | 50.4M |
| Long-Term Debt | 145M | 0 | 1.89B | 1.65B | 1.59B | 1.75B | 1.29B | 1.1B | 919.61M | 0 |
| Capital Lease Obligations | 0 | 0 | 5.25M | 33.2M | 38.62M | 38.31M | 39.5M | 33.87M | 30.98M | 92.71M |
| Deferred Tax Liabilities | 10.26M | 12.45M | 135.7M | 123.8M | 113.6M | 115.93M | 75.67M | 74.4M | 66.58M | 264.9M |
| Other Non-Current Liabilities | 55.34M | 71.59M | 226.39M | 100.78M | 277.76M | 143.09M | 154.47M | 170.21M | 173.87M | 488.94M |
| Total Liabilities | 981.39M | 840.92M | 3.57B | 3.43B | 3.71B | 3.81B | 3.28B | 2.95B | 2.78B | 1.15B |
| Total Debt | 145M | 6.09M | 1.89B | 1.65B | 1.59B | 1.82B | 1.3B | 1.13B | 922.98M | 2.92M |
| Net Debt | -78.26M | -269.15M | 1.43B | 1.11B | 1.15B | 1.5B | 861.45M | 632.6M | 336.38M | -239.26M |
| Debt / Equity | 0.09x | 0.00x | 0.90x | 0.70x | 0.54x | 0.51x | 0.33x | 0.28x | 0.22x | 0.22x |
| Debt / EBITDA | 0.22x | 0.01x | 3.71x | 4.38x | 1.36x | 1.00x | 1.49x | 1.62x | 1.34x | 0.00x |
| Net Debt / EBITDA | -0.12x | -0.37x | 2.82x | 2.95x | 0.98x | 0.83x | 0.99x | 0.90x | 0.49x | 0.49x |
| Interest Coverage | 57.53x | 121.86x | 5.28x | 1.69x | 9.95x | 16.80x | 6.12x | 4.78x | 8.63x | 9.82x |
| Total Equity | 1.58B▲ 0% | 1.94B▲ 22.9% | 2.11B▲ 8.7% | 2.37B▲ 12.6% | 2.95B▲ 24.3% | 3.58B▲ 21.5% | 3.98B▲ 11.2% | 4.07B▲ 2.3% | 4.29B▲ 5.3% | 4.32B▲ 0% |
| Equity Growth % | 24.61% | 22.91% | 8.68% | 12.6% | 24.32% | 21.51% | 11.2% | 2.28% | 5.29% | 25.85% |
| Book Value per Share | 29.88 | 36.66 | 38.98 | 42.81 | 52.94 | 64.82 | 73.96 | 75.89 | 80.33 | 81.80 |
| Total Shareholders' Equity | 1.58B | 1.94B | 2.1B | 2.35B | 2.92B | 3.57B | 3.98B | 4.07B | 4.29B | 4.32B |
| Common Stock | 6.26M | 6.28M | 6.52M | 6.54M | 6.57M | 6.61M | 6.63M | 6.69M | 6.73M | 6.77M |
| Retained Earnings | 1.67B | 2.02B | 2.07B | 2.2B | 2.77B | 3.81B | 4.09B | 4.25B | 4.41B | 4.39B |
| Treasury Stock | -336.07M | -343.73M | -348.15M | -351.91M | -360.23M | -543.34M | -592.67M | -677.3M | -744.26M | 0 |
| Accumulated OCI | 0 | 0 | -57M | 26.99M | 44.62M | -181.61M | -68.55M | -93.71M | 10.39M | 84.39M |
| Minority Interest | 0 | 0 | 10.8M | 25.79M | 26.26M | 7.79M | 7.38M | 6.62M | 1.05M | -562K |
THO Cash Flow Statement
Thor Industries, Inc. (THO) cash flow — operating, investing & free cash flow history
| Line item | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 419.33M | 466.51M | 508.02M | 540.94M | 526.48M | 990.25M | 981.63M | 545.55M | 577.92M | 577.92M |
| Operating CF Margin % | 5.79% | 5.6% | 6.46% | 6.62% | 4.27% | 6.07% | 8.83% | 5.43% | 6.03% | - |
| Operating CF Growth % | 22.9% | 11.25% | 8.9% | 6.48% | -2.67% | 88.09% | -0.87% | -44.42% | 5.93% | -730.99% |
| Net Income | 374.25M | 430.15M | 132.47M | 221.38M | 660.87M | 1.14B | 374.24M | 265.4M | 258.56M | 300.41M |
| Depreciation & Amortization | 98.26M | 93.22M | 148.78M | 196.17M | 230.58M | 284.45M | 276.93M | 277.14M | 271.21M | 270.96M |
| Stock-Based Compensation | 12.5M | 17M | 18.95M | 19.89M | 30.51M | 31.42M | 39.51M | 37.9M | 30.87M | 31.16M |
| Deferred Taxes | -39.55M | 14.53M | -9.06M | -11.21M | -9.03M | -51.88M | -34.48M | -24.97M | -29.5M | -4.04M |
| Other Non-Cash Items | -661K | 120K | 77.7M | 24.79M | 16.54M | 3.76M | 8.14M | 8.68M | -19.09M | -393.2M |
| Working Capital Changes | -25.47M | -88.51M | 139.18M | 89.92M | -403M | -415.74M | 317.29M | -18.61M | 65.88M | 156.86M |
| Change in Receivables | -92.31M | -2.39M | 136.15M | -115.23M | -234.69M | 39.25M | 313.41M | -60.15M | 6.69M | -85.25M |
| Change in Inventory | -56.62M | -77.42M | 283.31M | 133.29M | -538.76M | -381.54M | 109.97M | 236.92M | 29.12M | -140.3M |
| Change in Payables | 67.14M | -40.74M | -120.51M | 60.47M | 229.17M | -116.61M | -120.68M | -101.91M | 90.41M | 8.65M |
| Cash from Investing | -116.66M | -183.49M | -1.87B | -84.25M | -428.49M | -1.05B | -222.48M | -146.81M | -64.47M | -61.21M |
| Capital Expenditures | -115.03M | -138.2M | -130.22M | -106.7M | -128.84M | -242.36M | -208.19M | -139.63M | -122.99M | -131.47M |
| CapEx % of Revenue | 1.59% | 1.66% | 1.66% | 1.31% | 1.05% | 1.49% | 1.87% | 1.39% | 1.28% | - |
| Acquisitions | -5.04M | -50.4M | -1.74B | 27.68M | -310.94M | -781.97M | -6.18M | -7.31M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 3.41M | 5.11M | 575K | -5.23M | 11.28M | -24.93M | -8.11M | 137K | 58.52M | 70.26M |
| Cash from Financing | -289.32M | -231.02M | 1.54B | -392.92M | -188.44M | -47.84M | -635.68M | -337.68M | -426.31M | -408.76M |
| Debt Issued (Net) | -215.34M | -145.38M | 1.7B | -290.66M | -73.56M | 255.53M | -515.54M | -163.86M | -253.21M | -155.36M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -2M |
| Dividends Paid | -69.41M | -77.99M | -84.14M | -88.32M | -90.8M | -94.94M | -95.97M | -102.14M | -106.13M | -107.8M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -165.11M | -42.01M | -68.39M | -52.65M | -49.2M |
| Other Financing | -4.57M | -7.66M | -73.44M | -13.94M | -24.08M | -43.32M | 17.83M | -3.3M | -14.32M | -89.63M |
| Net Change in Cash | 13.36M▲ 0% | 51.99M▲ 289.3% | 176.01M▲ 238.5% | 87.26M▼ 50.4% | -95.51M▼ 209.5% | -137.15M▼ 43.6% | 129.68M▲ 194.6% | 60.08M▼ 53.7% | 85.28M▲ 41.9% | -131.64M▲ 0% |
| Free Cash Flow | 304.31M▲ 0% | 328.31M▲ 7.9% | 377.8M▲ 15.1% | 434.24M▲ 14.9% | 397.65M▼ 8.4% | 747.9M▲ 88.1% | 773.44M▲ 3.4% | 405.91M▼ 47.5% | 454.94M▲ 12.1% | 227.76M▲ 0% |
| FCF Margin % | 4.2% | 3.94% | 4.8% | 5.32% | 3.23% | 4.58% | 6.95% | 4.04% | 4.75% | 2.29% |
| FCF Growth % | 5.21% | 7.89% | 15.07% | 14.94% | -8.43% | 88.08% | 3.42% | -47.52% | 12.08% | -57.75% |
| FCF per Share | 5.77 | 6.21 | 6.99 | 7.84 | 7.14 | 13.53 | 14.36 | 7.56 | 8.52 | 8.52 |
| FCF Conversion (FCF/Net Income) | 1.12x | 1.08x | 3.81x | 2.43x | 0.80x | 0.87x | 2.62x | 2.06x | 2.24x | 0.76x |
| Interest Paid | 8.56M | 3.9M | 57.19M | 101.78M | 78.86M | 74.45M | 95.38M | 86.42M | 58.63M | 43.53M |
| Taxes Paid | 198.62M | 218.84M | 87.81M | 56.8M | 226.53M | 380.87M | 143.08M | 147.13M | 108.82M | -45.55M |
THO Key Ratios
Thor Industries, Inc. (THO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 26.34% | 24.48% | 6.59% | 9.96% | 24.81% | 34.85% | 9.89% | 6.59% | 6.18% | 7.01% |
| Return on Invested Capital (ROIC) | 28.82% | 29.94% | 10.35% | 3.86% | 18.58% | 25.03% | 9.01% | 6.66% | 6.72% | 6.72% |
| Gross Margin | 14.4% | 13.98% | 12.37% | 13.69% | 15.38% | 17.2% | 14.35% | 14.46% | 13.99% | 13.96% |
| Net Margin | 5.16% | 5.16% | 1.69% | 2.73% | 5.36% | 6.98% | 3.37% | 2.64% | 2.7% | 3.02% |
| Debt / Equity | 0.09x | 0.00x | 0.90x | 0.70x | 0.54x | 0.51x | 0.33x | 0.28x | 0.22x | 0.22x |
| Interest Coverage | 57.53x | 121.86x | 5.28x | 1.69x | 9.95x | 16.80x | 6.12x | 4.78x | 8.63x | 9.82x |
| FCF Conversion | 1.12x | 1.08x | 3.81x | 2.43x | 0.80x | 0.87x | 2.62x | 2.06x | 2.24x | 0.76x |
| Revenue Growth | 58.16% | 14.93% | -5.57% | 3.85% | 50.8% | 32.44% | -31.82% | -9.69% | -4.62% | 4.6% |
THO SEC Filings & Documents
Thor Industries, Inc. (THO) SEC filings — annual & quarterly reports (10-K, 10-Q)
THO Frequently Asked Questions
Thor Industries, Inc. (THO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Thor Industries, Inc. (THO) reported $9.93B in revenue for fiscal year 2025. This represents a 1550% increase from $602.1M in 1996.
Thor Industries, Inc. (THO) saw revenue decline by 4.6% over the past year.
Yes, Thor Industries, Inc. (THO) is profitable, generating $300.4M in net income for fiscal year 2025 (2.7% net margin).
Dividend & Returns
Yes, Thor Industries, Inc. (THO) pays a dividend with a yield of 2.58%. This makes it attractive for income-focused investors.
Thor Industries, Inc. (THO) has a return on equity (ROE) of 6.2%. This is below average, suggesting room for improvement.
Thor Industries, Inc. (THO) generated $227.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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