Thor Industries, Inc. (THO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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THO Revenue Growth
Revenue Breakdown (FY 2020)
THO's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
By Geography
THO Revenue Analysis (2014–2025)
As of May 8, 2026, Thor Industries, Inc. (THO) generated trailing twelve-month (TTM) revenue of $9.93 billion, reflecting solid growth of +5.3% year-over-year. The most recent quarter (Q2 2026) recorded $2.13 billion in revenue, down 11.0% sequentially.
Looking at the longer-term picture, THO's 5-year compound annual growth rate (CAGR) stands at +3.2%, indicating moderate growth over time. The company achieved its highest annual revenue of $16.31 billion in 2022.
Revenue diversification analysis shows THO's business is primarily driven by Recreation Vehicles (100%). With over half of revenue concentrated in Recreation Vehicles, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including WGO (+1.4% YoY), CWH (+2.6% YoY), and LCII (+9.1% YoY), THO has underperformed the peer group in terms of revenue growth. Compare THO vs WGO →
THO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| THOCurrent | $9.9B | +5.3% | +3.2% | 4.4% | |
 WGO | $2.8B | +1.4% | +3.5% | 2.0% | |
 CWH | $6.4B | +2.6% | +3.2% | 2.8% | |
 LCII | $4.1B | +9.1% | +8.1% | 6.8% | |
 PII | $7.2B | +4.3% | +0.4% | -0.4% | |
 BC | $5.4B | +8.3% | +4.3% | -0.7% |
THO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $9.58B | -4.6% | $1.34B | 14.0% | $418.1M | 4.4% |
| 2024 | $10.04B | -9.7% | $1.45B | 14.5% | $423.9M | 4.2% |
| 2023 | $11.12B | -31.8% | $1.60B | 14.4% | $596.8M | 5.4% |
| 2022 | $16.31B | +32.4% | $2.81B | 17.2% | $1.53B | 9.4% |
| 2021 | $12.32B | +50.8% | $1.89B | 15.4% | $938.9M | 7.6% |
| 2020 | $8.17B | +3.9% | $1.12B | 13.7% | $180.9M | 2.2% |
| 2019 | $7.86B | -5.6% | $973.1M | 12.4% | $359.6M | 4.6% |
| 2018 | $8.33B | +14.9% | $1.16B | 14.0% | $632.1M | 7.6% |
| 2017 | $7.25B | +58.2% | $1.04B | 14.4% | $559.8M | 7.7% |
| 2016 | $4.58B | +14.4% | $726.3M | 15.9% | $392.1M | 8.6% |
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Start ComparisonTHO — Frequently Asked Questions
Quick answers to the most common questions about buying THO stock.
Is THO's revenue growth accelerating or slowing?
THO maintains +5.3% revenue growth, in line with its 5-year CAGR of +3.2%. TTM revenue stands at $9.9B. Growth rate remains consistent with historical average.
What is THO's long-term revenue growth rate?
Thor Industries, Inc.'s 5-year revenue CAGR of +3.2% reflects the sustained expansion pattern. Current YoY growth of +5.3% is near this long-term average.
How is THO's revenue distributed by segment?
THO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.