Thor Industries, Inc. (THO) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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THO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
THO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 14.0% | 4.4% | 2.7% |
| 2024 | 14.5% | 4.2% | 2.6% |
| 2023 | 14.4% | 5.4% | 3.4% |
| 2022 | 17.2% | 9.4% | 7.0% |
| 2021 | 15.4% | 7.6% | 5.4% |
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Thor Industries, Inc. (THO) Earnings Overview
As of May 8, 2026, Thor Industries, Inc. (THO) reported trailing twelve-month net income of $300M, reflecting -2.0% year-over-year growth. The company earned $5.68 per diluted share over the past four quarters, with a net profit margin of 2.7%.
Looking at the long-term picture, THO's 5-year EPS compound annual growth rate (CAGR) stands at +3.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $1.14B in fiscal 2022.
Thor Industries, Inc. maintains positive profitability with a gross margin of 14.0%, operating margin of 4.4%, and net margin of 2.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including WGO ($36M net income, 0.9% margin), CWH (-$94M net income, -1.4% margin), LCII ($202M net income, 4.6% margin), THO has outperformed on profitability metrics. Compare THO vs WGO →
THO Earnings vs Peers
Earnings metrics vs comparable public companies
THO Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $259M | -2.5% | $418M | $4.84 | 2.7% | 4.4% |
| 2024 | $265M | -29.1% | $424M | $4.94 | 2.6% | 4.2% |
| 2023 | $374M | -67.1% | $597M | $6.95 | 3.4% | 5.4% |
| 2022 | $1.14B | +72.4% | $1.53B | $20.59 | 7.0% | 9.4% |
| 2021 | $660M | +195.9% | $939M | $11.85 | 5.4% | 7.6% |
| 2020 | $223M | +67.3% | $181M | $4.03 | 2.7% | 2.2% |
| 2019 | $133M | -69.0% | $360M | $2.47 | 1.7% | 4.6% |
| 2018 | $430M | +14.9% | $632M | $8.14 | 5.2% | 7.6% |
| 2017 | $374M | +45.9% | $560M | $7.09 | 5.2% | 7.7% |
| 2016 | $257M | +28.7% | $392M | $4.88 | 5.6% | 8.6% |
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Start ComparisonTHO — Frequently Asked Questions
Quick answers to the most common questions about buying THO stock.
Is THO growing earnings?
THO EPS of $5.68 reflects slowing growth at -2.0%, below the 5-year CAGR of +3.7%. TTM net income is $300M. Expansion rate has moderated.
What are THO's profit margins?
Thor Industries, Inc. net margin is +2.7%, with operating margin at +4.4%. Below-average margins reflect competitive or cost pressures.
How consistent are THO's earnings?
THO earnings data spans 1989-2025. The current earnings trend is -2.0% YoY. Historical data enables comparison across business cycles.