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Thor Industries Inc. (THO)

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Thor Industries Inc. (THO) reported revenue of $2.3 billion for Q4 FY2026, the quarter ended 31 July 2026, down 8.4% on the same quarter a year earlier. Net income was $41 million, down 67.5% on the year, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 22 September 2026.

Revenue$2.3 billiondown 8.4%
Net income$41 milliondown 67.5%
Diluted EPS$0.78
QuarterQ4 FY2026ended 31 July 2026

Thor Industries (THO) in brief

Thor Industries (THO) reported revenue of $9.6 billion for fiscal 2026, the year ended 31 July 2026, up 0.3% on the year before.
Read moreNet income was $178 million and diluted earnings per share $3.38. Revenue was $9.6 billion in fiscal 2025, $10.0 billion in fiscal 2024, $11.1 billion in fiscal 2023 and $16.3 billion in fiscal 2022. Net income in the same years was $259 million, $265 million, $374 million and $1.1 billion. Revenue fell 4.8% a year, compounded, over the five years to fiscal 2026. Thor Industries declared $2.08 a share in dividends over the last four quarters and had 52 million shares outstanding at the latest filed count. At 31 July 2026 it carried $868 million of debt and $482 million of cash. At the close of 8 October 2026 the market cap of Thor Industries was $3.4 billion, 19.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE4.2%
ROCEn/a
Operating marginn/a
Net margin1.8%
FCF margin1.7%
Interest covern/a
Debt to equity0.20
Cash conversion1.81
Share count, 1 year-1.9%
Sales CAGR, 3 years-4.8%
Profit CAGR, 3 years-22.0%
EPS, TTM$3.39

At the close of 8 October 2026

Price$66.11
Market cap$3.4 billion
Stock P/E19.50
Price to book0.80
EV / EBITDAn/a
Dividend yield3.1%
Market cap / sales0.36
52-week high$120.34
52-week low$65.84
Price, 1 year-36.9%
Price CAGR, 3 years-9.8%
Price CAGR, 5 years-11.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Thor Industries Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
THOgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on THO

Filings17 in twelve months: 8 current reports (8-K), about 4 results of operations; 4 regulation fd disclosure; 3 other events; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $516,071; latest 14 January 2026
Options tapeput/call 1.58 by open interest at the 8 October 2026 close; the straddle prices a 5.0% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Capital Research Global Investors; 9 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.5 million shares short, 8.68 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue2,5012,2072,8012,5342,1432,0182,8952,5242,3892,1262,7822,312
Cost of revenue2,1431,9372,3792,1331,8611,7732,4522,1532,0681,8752,4272,026
Gross profit358271422401281245443371321251355286
Gross margin14%12%15%16%13%12%15%15%13%12%13%12%
SG&A218220227231240206238238254212231206
Interest expense23.27.624.421.917.615.514.014.211.911.710.810.8
Pre-tax income72.66.9142127-1.2-1.615614332.521.013351.8
Tax rate24%23%20%28%n/an/a14%12%29%30%28%20%
Net income53.67.211590.0-1.8-0.613512621.717.897.240.8
Net margin2%0%4%4%-0%-0%5%5%1%1%3%2%
Diluted EPS$0.99$0.13$2.13$1.68-$0.03-$0.01$2.53$2.36$0.41$0.34$1.86$0.78
Operating cash flow59.7-10425233830.730.8258259-44.9-112234244
Capital expenditure40.236.426.336.724.325.035.237.129.933.038.154.3
Free cash flow19.5-1402253016.45.8223222-74.8-145196190
Buybacks30.00.013.025.40.01.70.050.95.025.250.534.3
Dividends paidn/an/a25.6n/an/an/an/an/an/an/an/an/a
Shares outstanding53m53m53m53m53m53m53m53m53m53m52m52m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025FY2026TTM
Revenue4,0074,5827,2478,3297,8658,16812,31716,31311,12210,0439,5799,6089,608
Cost of revenue3,4493,8566,2037,1646,8927,05010,42213,5069,5258,5918,2398,3968,396
Gross profit5587261,0441,1659731,1181,8952,8061,5961,4521,3411,2131,213
Gross margin13.9%15.9%14.4%14.0%12.4%13.7%15.4%17.2%14.4%14.5%14.0%12.6%12.6%
Research and developmentn/an/a2.62.09.4n/an/an/an/a49.448.641.6n/a
Selling, general and administrative2513064204775366348701,116870896923903903
Interest expense0.21.69.75.268.110793.590.197.4100.061.245.345.3
Pre-tax income2933835566331852738451,460499349296239239
Income tax90.912518220352.251.518432212583.439.664.164.1
Effective tax rate31.0%32.7%32.7%32.0%28.3%18.9%21.8%22.0%25.1%23.9%13.4%26.8%26.8%
Net income1992573744301332236601,138374265259178178
Net margin5.0%5.6%5.2%5.2%1.7%2.7%5.4%7.0%3.4%2.6%2.7%1.8%1.8%
Diluted EPS$3.74$4.88$7.09$8.14$2.47$4.02$11.85$20.59$6.95$4.94$4.84$3.38$3.39
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region

FY2024FY2025FY2026Share
latest year
United States6,1916,1215,82760.6%
Germany2,0241,9222,00820.9%
Other Europe1,3431,1031,29813.5%
Canada4363934404.6%
Other foreign50.340.435.00.4%
United StatesGermanyOther EuropeCanadaOther foreign
10.0FY20249.6FY20259.6FY2026

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025FY2026TTM
Operating cash flow248341419467508541526990982546578321321
Capital expenditure42.352.0115138127106132241209140122152155
Free cash flow206289304328381435395750773406456169166
Free cash flow margin5.1%6.3%4.2%3.9%4.8%5.3%3.2%4.6%6.9%4.0%4.8%1.8%1.7%
Cash from investing-235-601-117-183-1,866-84.2-428-1,049-222-147-64.5-125-125
Cash from financing-119287-289-2311,539-393-188-47.8-636-338-426-297-297
Depreciation and amortisation31.452.698.393.2149196231284277277271266266
Share-based compensation6.89.412.517.018.919.930.531.439.537.930.926.626.6
Buybacks60.0n/an/an/an/a0.00.016542.068.452.6115115
Dividends paid57.463.069.478.084.1n/an/an/an/an/an/an/an/a
Dividend per sharen/an/a$1.32$1.48$1.56$1.60$1.64$1.72$1.80$1.92$2.00$2.08n/a
Diluted shares, weighted53m53m53m53m54m55m56m55m54m54m53m53m52m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a52m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity1,0651,2651,5771,9382,0842,3202,9223,5933,9764,0674,2884,2614,261
Non-controlling interestn/an/an/an/a10.825.826.37.87.46.61.1-1.5-1.5
Debtn/an/an/an/a1,9031,6671,6071,7671,3031,134923868868
Operating lease liabilitiesn/an/an/an/an/a28.533.934.836.832.030.130.530.5
Finance lease liabilitiesn/an/an/an/an/a4.74.73.52.71.90.90.00.0
Other liabilities4381,0609818411,6631,7262,0602,0021,9351,7791,8221,7981,798
Total liabilities and equity1,5032,3252,5582,7795,6605,7716,6547,4087,2617,0217,0656,9566,956
Owned
Fixed assets2343444255221,0921,1081,1851,2581,3881,3911,3161,3101,310
Goodwill3133783783781,3581,4771,5631,8041,8001,7871,8411,9161,916
Intangible assets1695074433889719159371,117997861759684684
Cash and equivalents183210223275426539446312441501587482482
Receivables244370454467479588796849544502542487487
Inventory2464044605388287161,3691,7551,6531,3671,3521,4231,423
Other assets114112174210507430357313437612670654654
Total assets1,5032,3252,5582,7795,6605,7716,6547,4087,2617,0217,0656,9566,956
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded7.7%-4.8%-4.8%0.3%
Profit growth, compounded-3.6%-23.1%-22.0%-31.3%
Return on equity, average14.2%11.6%5.6%4.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Automobiles and Trucks

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Aptiv plc APTV$9.2 billion41.712.5%5.3%-5.4%0.610.0%
XPeng Inc. XPEV *$9.1 billionn/a-3.8%-3.6%87.7%0.42n/a
Allison Transmission Holdings Inc. ALSN$9.0 billion17.3526.7%19.6%37.6%2.071.0%
NIO Inc. NIO *$8.5 billionn/a-374.3%-16.0%33.1%3.36n/a
Autoliv Inc. ALV$8.1 billion13.0825.8%9.2%5.9%0.682.8%
Oshkosh Corp. OSK$7.9 billion14.5712.3%7.5%2.2%0.131.6%
Terex Corp. TEX$6.0 billion26.713.0%5.7%29.2%0.541.3%
Lear Corp. LEA$5.8 billion11.0510.7%3.7%3.5%0.520.6%
Gentex Corp. GNTX$4.5 billion11.1916.0%19.3%10.1%0.002.3%
Thor Industries Inc. THO$3.4 billion19.504.2%n/a0.3%0.203.1%
Polaris Inc. PII$3.0 billionn/a-31.1%-2.6%8.4%2.295.1%
Visteon Corp. VC$2.3 billion11.268.9%n/a-1.1%0.180.4%
All 22 in Automobiles and Trucks
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.48 trillion347.224.4%4.2%11.8%0.09n/a
Toyota Motor Corp. TM *$220.3 billion9.949.6%7.4%5.5%1.083.7%
General Motors Co. GM$72.1 billion41.543.1%1.0%-1.1%2.060.7%
Ferrari N.V. RACE *$68.8 billion38.4940.9%29.5%7.0%0.740.9%
Paccar Inc. PCAR$57.7 billion23.0412.3%n/a-10.6%0.722.5%
Ford Motor Co. F$48.8 billionn/a-20.7%-3.7%1.5%4.516.1%
Honda Motor Co. Ltd. HMC *$42.1 billionn/a-3.6%-1.9%0.5%1.144.5%
Stellantis N.V. STLA *$13.1 billionn/a-41.8%-17.1%-2.1%0.8616.9%
Borgwarner Inc. BWA$12.6 billion30.867.4%5.0%2.2%0.690.9%
Li Auto Inc. LI *$11.1 billion68.221.5%-0.5%-22.3%0.13n/a
Aptiv plc APTV$9.2 billion41.712.5%5.3%-5.4%0.610.0%
XPeng Inc. XPEV *$9.1 billionn/a-3.8%-3.6%87.7%0.42n/a
Allison Transmission Holdings Inc. ALSN$9.0 billion17.3526.7%19.6%37.6%2.071.0%
NIO Inc. NIO *$8.5 billionn/a-374.3%-16.0%33.1%3.36n/a
Autoliv Inc. ALV$8.1 billion13.0825.8%9.2%5.9%0.682.8%
Oshkosh Corp. OSK$7.9 billion14.5712.3%7.5%2.2%0.131.6%
Terex Corp. TEX$6.0 billion26.713.0%5.7%29.2%0.541.3%
Lear Corp. LEA$5.8 billion11.0510.7%3.7%3.5%0.520.6%
Gentex Corp. GNTX$4.5 billion11.1916.0%19.3%10.1%0.002.3%
Thor Industries Inc. THO$3.4 billion19.504.2%n/a0.3%0.203.1%
Polaris Inc. PII$3.0 billionn/a-31.1%-2.6%8.4%2.295.1%
Visteon Corp. VC$2.3 billion11.268.9%n/a-1.1%0.180.4%
No other company here shares its SEC industry code (Motor Homes); these are the names nearest in size in its wider industry, Automobiles and Trucks, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-K31 July 202622 September 2026EDGAR
10-Q30 April 20263 June 2026EDGAR
10-Q31 January 20263 March 2026EDGAR
10-Q31 October 20253 December 2025EDGAR
10-K31 July 202524 September 2025EDGAR
10-Q30 April 20254 June 2025EDGAR
10-Q31 January 20255 March 2025EDGAR
10-Q31 October 20244 December 2024EDGAR
10-K31 July 202424 September 2024EDGAR
10-Q30 April 20245 June 2024EDGAR

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