Zacks Investment Research·4 days ago
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?
Thor Industries, Inc.(THO)Earnings, Financials & Key Ratios
THO•NYSE
$75.50
15.6× P/E·Price updated Jul 7, 2026
AboutThor Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. The company was founded in 1980 and is based in Elkhart, Indiana.Show more
- Revenue$9.58B-4.6%
- EBITDA$571M-18.7%
- Net Income$259M-2.5%
- EPS (Diluted)4.84-2.0%
- Gross Margin12.49%-20.9%
- EBITDA Margin5.96%-14.7%
- Operating Margin3.13%-26.1%
- Net Margin2.7%+2.2%
- ROE6.18%-6.1%
THO Price & Volume
Thor Industries, Inc. (THO) stock price & volume — 10-year historical chart
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Cyclical Inventory Headwinds Challenge Margin Recovery Trajectory
Investment Thesis • Updated 2026Q3
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical dealer inventory destocking
Key Thesis Takeaways
- Thor Industries faces a complex recovery path as it navigates persistent dealer inventory destocking and volatile wholesale shipment volumes that have compressed gross margins to 12.8% as of 2026Q3.
- While the company has successfully fortified its balance sheet by reducing total debt to a nominal $2.9 million, the reliance on a capital-intensive manufacturing model with $1.3 billion in net PPE leaves it vulnerable to further demand softening.
- Investors should monitor whether the recent $196.0 million free cash flow inflow can be sustained against the backdrop of ongoing revenue contraction and cyclical industry pressures.
Verdict Logic
while the balance sheet is exceptionally clean with near-zero debt, the 4.36 PEG ratio and ongoing 3.9% revenue decline suggest that the market may be underestimating the duration of the current cyclical downturn.
THO Growth Metrics
Thor Industries, Inc. (THO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.11%
5 Years3.24%
3 Years-16.26%
TTM2.39%
Profit CAGR
10 Years2.63%
5 Years3.01%
3 Years-38.98%
TTM17.03%
EPS CAGR
10 Years2.61%
5 Years3.73%
3 Years-38.28%
TTM19.32%
Return on Capital
10 Years18.74%
5 Years14.55%
3 Years7.89%
Last Year5.48%
THO Recent Earnings
Thor Industries, Inc. (THO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q3 2026Latest
Jun 3, 2026Metric
Actual
Est
EPS
$1.86-3.1%
$1.92
Rev
$2.8B+4.3%
$2.7B
Q2 2026
Mar 3, 2026Metric
Actual
Est
EPS
$0.04+33.3%
$0.03
Rev
$2.1B+8.6%
$2.0B
Q4 2025
Dec 3, 2025Metric
Actual
Est
EPS
$0.41+652.2%
$0.07
Rev
$2.4B+16.7%
$2.0B
Q4 2025
Sep 24, 2025Metric
Actual
Est
EPS
$2.31+99.1%
$1.16
Rev
$2.5B+20.9%
$2.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 3, 2026 | $1.86vs $1.92-3.1% | $2.8Bvs $2.7B+4.3% |
| Q2 2026 | Mar 3, 2026 | $0.04vs $0.03+33.3% | $2.1Bvs $2.0B+8.6% |
| Q4 2025 | Dec 3, 2025 | $0.41vs $0.07+652.2% | $2.4Bvs $2.0B+16.7% |
| Q4 2025 | Sep 24, 2025 | $2.31vs $1.16+99.1% | $2.5Bvs $2.1B+20.9% |
Based on last 12 quarters of dataView full earnings history →
Latest THO News
Recent stock market news and headlines for Thor Industries, Inc. (THO)
PRNewsWire·Jun 16, 2026
THOR INDUSTRIES ANNOUNCES REGULAR QUARTERLY DIVIDENDELKHART, 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 $0.52 per share.
Peers Comparison
Key metrics vs top competitors for Thor Industries, Inc. (THO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $75.50 | $3.93B | 15.60 | -4.62% | 2.7% | 6.18% | 2.63% | |
| $30.88 | $872.94M | 33.93 | -5.9% | 1.36% | 3.13% | — | |
| $6.69 | $424.95M | -4.68 | 4.41% | -1.49% | -21.83% | — | |
| $105.82 | $2.57B | 13.98 | 10.18% | 4.84% | 14.69% | — | |
| $64.18 | $3.64B | -7.85 | -0.33% | -6.13% | -45.24% | — | |
| $77.33 | $5.04B | -37.18 | 2.4% | -2.47% | -5.12% | — |
Compare THO vs Peers
Thor Industries, Inc. (THO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
THO SEC Filings & Documents
Thor Industries, Inc. (THO) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 3, 2026·SEC
Material company update
Mar 24, 2026·SEC
Material company update
Mar 3, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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THO Frequently Asked Questions
Thor Industries, Inc. (THO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Thor Industries, Inc.'s revenue?
Thor Industries, Inc. (THO) reported $9.82B in revenue for fiscal year 2025. This represents a 1531% increase from $602.1M in 1996.
How fast is Thor Industries, Inc. growing?
Thor Industries, Inc. (THO) saw revenue decline by 4.6% over the past year.
Is THO profitable?
Yes, Thor Industries, Inc. (THO) is profitable, generating $260.8M in net income for fiscal year 2025 (2.7% net margin).
Dividend & Returns
Does THO pay dividends?
Yes, Thor Industries, Inc. (THO) pays a dividend with a yield of 2.63%. This makes it attractive for income-focused investors.
What is THO's return on equity?
Thor Industries, Inc. (THO) has a return on equity (ROE) of 6.2%. This is below average, suggesting room for improvement.
What is Thor Industries, Inc.'s free cash flow?
Thor Industries, Inc. (THO) generated $199.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.