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Thor Industries, Inc. logo

Thor Industries, Inc.

THO

NYSEConsumer CyclicalAuto - Recreational Vehicles

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Previous close

$79.49

+$0.75 · +0.95%

Aug 21, 4:00 PM ET

THO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

91

Deep Value

Momentum

28

Weakening

Sentiment

73

Bullish

Risk resilience

48

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Thor Industries, Inc. specializes in the design, production, and sale of recreational vehicles (RVs), complemented by a range of related parts and accessories. Its operations span the United States, Canada, and Europe. The company offers an extensive selection of RVs, including various travel trailers (from conventional models to luxury fifth wheels) and gasoline or diesel-powered Class A, Class B, and Class C motorhomes. Additionally, it caters to European markets with motorcaravans, caravans, campervans, and urban recreational vehicles. Beyond finished products, Thor also manufactures aluminum extrusions and specialized component parts for other RV and industrial manufacturers, and provides digital products and services specifically designed for RVs. Its diverse offerings are distributed through independent and non-franchise dealerships. Founded in 1980, Thor Industries is headquartered in Elkhart, Indiana.

Industry
Auto - Recreational Vehicles
Sector
Consumer Cyclical
Headquarters
US
CEO
Robert W. Martin
Listed since
Jan 10, 1984
Employees
20,900

Market position

Day range

Current $79.49

52-week range

Current $79.49

Open
$79.79
Previous close
$78.74
Volume
379.34K
0.54× average
Average volume
706.73K
Average daily volume
Market cap
4.14B USD
Beta
1.33
Market reference 1
50-day average
$76.513
+3.89% above average
200-day average
$89.7883
-11.47% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.17B USD
P/E (TTM)
15.96×
P/B (TTM)
0.96×
P/S (TTM)
0.42×
EV / EBITDA
8.39×
Earnings yield
5.35%
Free cash flow yield
9.42%
Dividend yield
2.62%

Profitability & efficiency

Gross margin
12.34%
Operating margin
2.54%
Net margin
2.66%
Return on equity
6.03%
Return on assets
3.66%
Return on invested capital
4.73%

Financial health

Debt / equity
0.23×
Current ratio
1.75×
Altman Z-score
3.49
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends20%14%7%1%Gross margin, FY2021: 14.25%Gross margin, FY2022: 18.32%Gross margin, FY2023: 13.08%Gross margin, FY2024: 15.80%Gross margin, FY2025: 12.49%Operating margin, FY2021: 7.37%Operating margin, FY2022: 9.40%Operating margin, FY2023: 5.26%Operating margin, FY2024: 4.23%Operating margin, FY2025: 3.13%Net margin, FY2021: 5.36%Net margin, FY2022: 6.98%Net margin, FY2023: 3.37%Net margin, FY2024: 2.64%Net margin, FY2025: 2.70%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.25%. Gross margin FY2022 18.32%. Gross margin FY2023 13.08%. Gross margin FY2024 15.80%. Gross margin FY2025 12.49%. Operating margin FY2021 7.37%. Operating margin FY2022 9.40%. Operating margin FY2023 5.26%. Operating margin FY2024 4.23%. Operating margin FY2025 3.13%. Net margin FY2021 5.36%. Net margin FY2022 6.98%. Net margin FY2023 3.37%. Net margin FY2024 2.64%. Net margin FY2025 2.70%.

Income trends

Revenue

9.58B USD-4.62%

Operating income

299.62M USD-29.48%

Net income

258.56M USD-2.54%
Income trends across reported periods17.92B USD11.5B USD5.07B USD−1.35B USDRevenue, FY2021: 12.32B USDRevenue, FY2022: 16.31B USDRevenue, FY2023: 11.12B USDRevenue, FY2024: 10.04B USDRevenue, FY2025: 9.58B USDOperating income, FY2021: 907.87M USDOperating income, FY2022: 1.53B USDOperating income, FY2023: 585.04M USDOperating income, FY2024: 424.85M USDOperating income, FY2025: 299.62M USDNet income, FY2021: 659.87M USDNet income, FY2022: 1.14B USDNet income, FY2023: 374.27M USDNet income, FY2024: 265.31M USDNet income, FY2025: 258.56M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.32B USD. Revenue FY2022 16.31B USD. Revenue FY2023 11.12B USD. Revenue FY2024 10.04B USD. Revenue FY2025 9.58B USD. Operating income FY2021 907.87M USD. Operating income FY2022 1.53B USD. Operating income FY2023 585.04M USD. Operating income FY2024 424.85M USD. Operating income FY2025 299.62M USD. Net income FY2021 659.87M USD. Net income FY2022 1.14B USD. Net income FY2023 374.27M USD. Net income FY2024 265.31M USD. Net income FY2025 258.56M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue9.58B USD10.04B USD11.12B USD16.31B USD12.32B USD
Cost of goods sold8.38B USD8.46B USD9.67B USD13.32B USD10.56B USD
Gross profit1.2B USD1.59B USD1.46B USD2.99B USD1.76B USD
Research and development48.58M USD49.38M USD36.59M USD39M USD26.78M USD
Selling, general, and administrative848.55M USD821.91M USD833.46M USD1.08B USD820.73M USD
Operating expenses897.13M USD1.16B USD870.05M USD1.46B USD847.51M USD
Interest income———1.13M USD797K USD
Interest expense48.44M USD88.67M USD97.45M USD91.22M USD94.34M USD
Depreciation and amortization271.21M USD277.15M USD276.93M USD284.45M USD230.58M USD
Operating income299.62M USD424.85M USD585.04M USD1.53B USD907.87M USD
Net income258.56M USD265.31M USD374.27M USD1.14B USD659.87M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+150.56%
11 comparable reports
Latest EPS result
1.86
Estimate 1.92 · Miss by 3.12%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates31.90.8-0.3Q4 '24MissQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26Estimate
Q4 2024, reported Dec 4, 2024: actual 0.26, estimate 0.7, surprise -62.86%, Miss. Q1 2025, reported Mar 5, 2025: actual -0.01, estimate 0.07, surprise -114.29%, Miss. Q2 2025, reported Jun 4, 2025: actual 2.77, estimate 1.79, surprise +54.75%, Beat. Q3 2025, reported Sep 24, 2025: actual 2.31, estimate 1.16, surprise +99.14%, Beat. Q4 2025, reported Dec 3, 2025: actual 0.41, estimate -0.074, surprise +652.19%, Beat. Q1 2026, reported Mar 3, 2026: actual 0.34, estimate 0.03, surprise +1033.33%, Beat. Q2 2026, reported Jun 3, 2026: actual 1.86, estimate 1.92, surprise -3.12%, Miss. Q3 2026, reported Sep 23, 2026: actual —, estimate 0.94, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.01B2.62B2.23B1.84BQ4 '24MissQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 4, 2024: actual 2.14B USD, estimate 2.24B USD, surprise -4.40%, Miss. Q1 2025, reported Mar 5, 2025: actual 2.02B USD, estimate 2.66B USD, surprise -24.03%, Miss. Q2 2025, reported Jun 4, 2025: actual 2.89B USD, estimate 2.61B USD, surprise +10.73%, Beat. Q3 2025, reported Sep 24, 2025: actual 2.52B USD, estimate 2.09B USD, surprise +20.86%, Beat. Q4 2025, reported Dec 3, 2025: actual 2.39B USD, estimate 2.05B USD, surprise +16.69%, Beat. Q1 2026, reported Mar 3, 2026: actual 2.13B USD, estimate 1.96B USD, surprise +8.62%, Beat. Q2 2026, reported Jun 3, 2026: actual 2.78B USD, estimate 2.67B USD, surprise +4.33%, Beat. Q3 2026, reported Sep 23, 2026: actual —, estimate 2.17B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$92.00

15.74% upside
Past 12 months12-month forecastHigh $110Average $92.00Low $78.00

Rating distribution

41 ratings
Strong buy00%
Buy1332%
Hold2663%
Sell25%
Strong sell00%

Recent analyst actions

11 institutions

THO news

zacks.com

Bear of the Day: Thor Industries (THO)

The RV giant's revenue and earnings have dropped over the last several years as it faces multiple headwinds.

Read source
defenseworld.net

Edgestream Partners L.P. Raises Stock Holdings in Thor Industries, Inc. $THO

Edgestream Partners L.P. raised its stake in shares of Thor Industries, Inc. (NYSE: THO) by 133.0% during the undefined quarter, according to its most recent filing with the SEC. The firm owned 26,816 shares of the RV…

Read source
defenseworld.net

Caxton Associates LLP Buys New Position in Thor Industries, Inc. $THO

Caxton Associates LLP bought a new stake in shares of Thor Industries, Inc. (NYSE: THO) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,752…

Read source
zacks.com

Why Is Thor Industries (THO) Up 2.2% Since Last Earnings Report?

Thor Industries (THO) reported earnings 30 days ago. What's next for the stock?

Read source
prnewswire.com

THOR INDUSTRIES ANNOUNCES REGULAR QUARTERLY DIVIDEND

ELKHART, Ind., June 16, 2026 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at its June 16, 2026, meeting, the payment of a regular quarterly cash dividend of…

Read source
gurufocus.com

Thor Industries Inc (THO) Stock Down 5.0% -- Now Undervalued? GF Score: 74/100

On June 10, 2026, Thor Industries Inc (THO) shares fell 5.0% to a current price of $74.84. The stock has experienced a challenging period, trading within a 52-w

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.02

2025 complete year+24.7% since 2020

2026 partial: $1.56

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 1, 2026

$0.52

Irregular

Record Jul 1, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Apr 6, 2026

$0.52

Quarterly

Record Apr 6, 2026 · Payment Apr 20, 2026

Dividend

Ex-dividend Jan 5, 2026

$0.52

Quarterly

Record Jan 5, 2026 · Payment Jan 19, 2026

Dividend

Ex-dividend Oct 23, 2025

$0.52

Quarterly

Record Oct 23, 2025 · Payment Nov 6, 2025

Dividend

Ex-dividend Jul 1, 2025

$0.50

Irregular

Record Jul 1, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Apr 8, 2025

$0.50

Quarterly

Record Apr 8, 2025 · Payment Apr 22, 2025

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ETFs holding THO

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
141.26M
Weight
0.11%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
119.76M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
86.19M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
54.69M
Weight
0.08%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
45.41M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
30.33M
Weight
0.11%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
29.34M
Weight
0.20%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
ProShares - S&P MidCap 400 Dividend Aristocrats ETF logoProShares - S&P MidCap 400 Dividend Aristocrats ETFREGL
Market value
27.91M
Weight
1.56%
AUM
1.79B USD
Expense ratio
0.40%
Price / 1D
$94.01+0.03%

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