THO · Thor Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.13B | $2.39B | $2.89B | $2.02B | $2.14B | $2.80B | $2.21B | $2.50B | $2.93B | $2.35B |
| Cost of Revenue | $1.87B | $2.07B | $2.45B | $1.77B | $1.86B | $2.38B | $1.94B | $2.14B | $2.50B | $2.06B |
| Gross Profit | $251.25M | $320.97M | $443.12M | $245.20M | $281.44M | $421.85M | $270.85M | $357.93M | $432.64M | $282.94M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $212.02M | $254.03M | $238.27M | $206.22M | $240.20M | $226.51M | $220.13M | $217.90M | $210.04M | $208.74M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $64.88M | $66.03M | $66.17M | $65.99M | $67.66M | $68.15M | $68.12M | $67.28M | $68.15M | $67.68M |
| Operating Income | $20.99M | $32.49M | $155.58M | ($1.60M) | ($1.16M) | $142.35M | $6.89M | $72.58M | $155.45M | $32.72M |
| Interest Expense | $11.72M | $11.91M | $14.02M | $15.45M | $17.59M | $24.37M | $7.57M | $20.33M | $24.99M | $24.06M |
| Income Tax | $6.35M | $9.32M | $21.65M | $1.49M | ($283.0K) | $28.77M | $1.57M | $17.55M | $35.72M | $6.91M |
| Net Income | $17.80M | $21.67M | $135.19M | ($551.0K) | ($1.83M) | $114.51M | $7.22M | $53.56M | $120.72M | $27.08M |
| EPS - Basic | $0.34 | $0.41 | $2.54 | ($0.01) | ($0.03) | $2.15 | $0.14 | $1.01 | $2.26 | $0.51 |
| EPS - Diluted | $0.34 | $0.41 | $2.53 | ($0.01) | ($0.03) | $2.13 | $0.13 | $0.99 | $2.24 | $0.50 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $242.18M | $509.88M | $586.60M | $373.82M | $445.22M | $501.32M | $340.19M | $425.83M | $441.23M | $281.56M |
| Accounts Receivable | $632.44M | $556.55M | $541.71M | $535.14M | $516.42M | $502.30M | $534.40M | $548.80M | $543.87M | $572.30M |
| Inventory | $1.59B | $1.46B | $1.35B | $1.38B | $1.37B | $1.37B | $1.78B | $1.71B | $1.65B | $1.86B |
| Accounts Payable | $763.95M | $660.78M | $738.14M | $698.75M | $571.64M | $628.13M | $762.10M | $748.92M | $736.27M | $639.44M |
| Current Assets | $2.72B | $2.72B | $2.78B | $2.52B | $2.53B | $2.65B | $2.84B | $2.81B | $2.79B | $2.86B |
| Total Assets | $7.02B | $6.99B | $7.07B | $6.71B | $6.87B | $7.02B | $7.23B | $7.17B | $7.26B | $7.31B |
| Current Liabilities | $1.54B | $1.51B | $1.58B | $1.47B | $1.48B | $1.57B | $1.63B | $1.72B | $1.72B | $1.47B |
| Long-term Debt | $877.77M | $913.13M | $919.61M | $1.00B | $1.04B | $1.10B | $1.39B | $1.27B | $1.29B | $1.76B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $4.32B | $4.30B | $4.29B | $3.95B | $4.05B | $4.07B | $3.94B | $3.92B | $3.98B | $3.78B |
| Retained Earnings | $4.39B | $4.40B | $4.41B | $4.20B | $4.23B | $4.25B | $4.10B | $4.12B | $4.09B | $3.93B |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($44.87M) | - | - | $30.74M | - | - | $59.67M | - | - |
| Investing Cash Flow | - | ($20.76M) | - | - | ($25.34M) | - | - | ($51.06M) | - | - |
| Financing Cash Flow | - | ($13.48M) | - | - | ($64.62M) | - | - | ($19.15M) | - | - |
| CapEx | $32.96M | $29.92M | $35.16M | $25.01M | $24.35M | $26.34M | $36.36M | $40.19M | $49.17M | $47.34M |
| Free Cash Flow | - | ($74.78M) | - | - | $6.39M | - | - | $19.48M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 11.8% | 13.4% | 15.3% | 12.1% | 13.1% | 15.1% | 12.3% | 14.3% | 14.8% | 12.1% |
| Operating margin | 1.0% | 1.4% | 5.4% | -0.1% | -0.1% | 5.1% | 0.3% | 2.9% | 5.3% | 1.4% |
| EBITDA margin | 4.0% | 4.1% | 7.7% | 3.2% | 3.1% | 7.5% | 3.4% | 5.6% | 7.6% | 4.3% |
| Net margin | 0.8% | 0.9% | 4.7% | -0.0% | -0.1% | 4.1% | 0.3% | 2.1% | 4.1% | 1.2% |
| Free cash flow margin | - | -3.1% | - | - | 0.3% | - | - | 0.8% | - | - |
| FCF / Net income | - | -3.45 | - | - | -3.49 | - | - | 0.36 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.0% | 10.6% | 8.2% | 10.2% | 11.2% | 8.1% | 10.0% | 8.7% | 7.2% | 8.9% |
| Effective tax rate | 26.3% | 30.1% | 13.8% | 158.7% | - | 20.1% | 17.8% | 24.7% | 22.8% | 20.3% |
| Return on assets | 0.3% | 0.3% | 1.9% | -0.0% | -0.0% | 1.6% | 0.1% | 0.7% | 1.7% | 0.4% |
| Return on equity | 0.4% | 0.5% | 3.2% | -0.0% | -0.0% | 2.8% | 0.2% | 1.4% | 3.0% | 0.7% |
| Return on invested capital | 0.3% | 0.4% | 2.6% | -0.0% | -0.0% | 2.2% | 0.1% | 1.1% | 2.3% | 0.5% |
| Liquidity | ||||||||||
| Current ratio | 1.76 | 1.81 | 1.75 | 1.71 | 1.71 | 1.69 | 1.75 | 1.63 | 1.63 | 1.95 |
| Quick ratio | 0.73 | 0.83 | 0.90 | 0.78 | 0.78 | 0.82 | 0.65 | 0.64 | 0.66 | 0.68 |
| Cash ratio | 0.16 | 0.34 | 0.37 | 0.25 | 0.30 | 0.32 | 0.21 | 0.25 | 0.26 | 0.19 |
| Leverage | ||||||||||
| Debt / Equity | 0.20 | 0.21 | 0.21 | 0.25 | 0.26 | 0.27 | 0.35 | 0.32 | 0.32 | 0.47 |
| Debt / Assets | 0.13 | 0.13 | 0.13 | 0.15 | 0.15 | 0.16 | 0.19 | 0.18 | 0.18 | 0.24 |
| Debt / EBITDA | 10.22 | 9.27 | 4.15 | 15.58 | 15.69 | 5.23 | 18.54 | 9.09 | 5.78 | 17.52 |
| Interest coverage | 1.8x | 2.7x | 11.1x | -0.1x | -0.1x | 5.8x | 0.9x | 3.6x | 6.2x | 1.4x |
| Equity multiplier | 1.62 | 1.63 | 1.65 | 1.70 | 1.70 | 1.73 | 1.84 | 1.83 | 1.83 | 1.93 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | 0.34 | 0.41 | 0.30 | 0.31 | 0.40 | 0.31 | 0.35 | 0.40 | 0.32 |
| Inventory turnover | 1.18 | 1.41 | 1.81 | 1.29 | 1.36 | 1.74 | 1.09 | 1.25 | 1.51 | 1.11 |
| Days sales outstanding | 109d | 85d | 68d | 97d | 88d | 65d | 88d | 80d | 68d | 89d |
| Days inventory outstanding | 309d | 258d | 201d | 284d | 269d | 210d | 335d | 292d | 242d | 330d |
| Days payable outstanding | 149d | 117d | 110d | 144d | 112d | 96d | 144d | 128d | 108d | 113d |
| Cash conversion cycle | 269d | 227d | 160d | 237d | 245d | 179d | 280d | 245d | 202d | 306d |
| Valuation | ||||||||||
| P / E | 329.0x | 254.5x | 36.0x | - | - | 49.8x | 869.4x | 88.8x | 51.6x | 190.7x |
| P / B | 1.4x | 1.3x | 1.1x | 1.4x | 1.4x | 1.4x | 1.5x | 1.2x | 1.6x | 1.4x |
| P / S | 2.8x | 2.3x | 1.7x | 2.7x | 2.6x | 2.0x | 2.7x | 1.9x | 2.1x | 2.2x |
| EV / EBITDA | 76.2x | 60.2x | 23.4x | 94.8x | 91.9x | 29.9x | 94.8x | 39.9x | 31.6x | 65.8x |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.3% | 11.5% | 3.3% | -8.6% | -14.3% | -4.4% | -5.9% | -19.5% | -37.1% | -39.4% |
| Revenue CAGR (3y) | -3.2% | -8.4% | -14.7% | -19.5% | -18.5% | -6.8% | -6.8% | -0.5% | 20.3% | 5.4% |
| Revenue CAGR (5y) | -4.9% | -1.2% | 11.5% | 0.1% | -0.1% | 4.5% | 2.3% | 7.3% | - | - |
| Gross profit growth (YoY) | 2.5% | 14.0% | 5.0% | -9.5% | -21.4% | -2.5% | -4.3% | -26.4% | -46.4% | -58.1% |
| Operating income growth (YoY) | - | - | 9.3% | - | - | -8.4% | -78.9% | -59.5% | -66.4% | -90.6% |
| Net income growth (YoY) | - | - | 18.1% | - | - | -5.1% | -73.3% | -60.7% | -65.3% | -89.8% |
| EPS growth (YoY) | - | - | 18.8% | - | - | -4.9% | -74.0% | -60.9% | -64.6% | -89.6% |
| EPS CAGR (3y) | -12.1% | -45.5% | -26.3% | - | - | -13.5% | -62.1% | -21.5% | 73.4% | -1.3% |
| EPS CAGR (5y) | -32.2% | -27.5% | 42.5% | - | - | 29.3% | - | 30.7% | -2.4% | -19.8% |
| FCF growth (YoY) | - | - | - | - | -67.2% | - | - | -51.2% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 9.4% | 6.0% | 5.4% | 0.4% | 3.5% | 2.3% | 4.1% | 7.5% | 10.7% | 17.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-07-31.
Business segments
$14.94B totalNorth American$5.96B · 39.9%
North American Towables$3.78B · 25.3%
European$3.02B · 20.2%
North American Motorized$2.18B · 14.6%
Product / service
$8.98B totalTravel Trailers And Other Towables$2.30B · 25.6%
Motorcaravan$1.66B · 18.5%
Fifth Wheels Towables$1.49B · 16.5%
Classc Motorized$1.07B · 11.9%
Campervan$837.81M · 9.3%
Classa Motorized$633.42M · 7.1%
Classb Motorized$474.07M · 5.3%
Other Rv Related$350.49M · 3.9%
Caravan$177.75M · 2.0%
Geographic
$9.58B totalUS$6.12B · 63.9%
DE$1.92B · 20.1%
Other Europe$1.10B · 11.5%
CA$392.99M · 4.1%
Other Country$40.41M · 0.4%
Peer comparison
Same SIC group: Motor Homes
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| WGO | - | - | - |
Comparing THOR INDUSTRIES INC against the 1 most active filer in the same SIC group.
Dividends
$2.06/share trailing 12 months · +4.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 6, 2026 | $0.5200 |
| Jan 5, 2026 | $0.5200 |
| Oct 23, 2025 | $0.5200 |
| Jul 1, 2025 | $0.5000 |
| Apr 8, 2025 | $0.5000 |
| Jan 6, 2025 | $0.5000 |
| Nov 1, 2024 | $0.5000 |
| Jul 3, 2024 | $0.4800 |
| Apr 8, 2024 | $0.4800 |
| Dec 27, 2023 | $0.4800 |
| Oct 31, 2023 | $0.4800 |
| Jul 6, 2023 | $0.4500 |
| Apr 11, 2023 | $0.4500 |
| Dec 29, 2022 | $0.4500 |
| Oct 25, 2022 | $0.4500 |
| Jul 1, 2022 | $0.4300 |
| Apr 5, 2022 | $0.4300 |
| Dec 29, 2021 | $0.4300 |
| Oct 21, 2021 | $0.4300 |
| Jul 1, 2021 | $0.4100 |
| Mar 31, 2021 | $0.4100 |
| Dec 31, 2020 | $0.4100 |
| Oct 22, 2020 | $0.4100 |
| Jun 29, 2020 | $0.4000 |