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Thor Industries

THO

Thor Industries is the world's largest manufacturer of recreational vehicles (RVs), operating as a leading producer in both North America and Europe.

Market cap
$3.81B-23.8%
Revenue$9.8B+2.4%
Net income$262.5M+17.8%
Free cash flow$199.6M-62.9%
EPS (diluted)$4.96+18.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 23, 2026 (in 2 months)
Revenue estimate$2.2B
EPS estimate$0.94

Financials

Q3 2026

Income statement

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Revenue$2.8B-3.9%
Gross profit$354.8M-19.9%
Net income$97.2M-28.1%
EPS (diluted)$1.86-26.5%

Balance sheet

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Cash & equivalents$371.9M-26.8%
Total debt$919.3M-13.3%
Total equity$4.3B+2.1%
Total assets$7.2B-0.2%

Cash flow

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Operating cash flow$234.2M-9.1%
CapEx$38.1M+13.7%

Valuation & ratios

Valuation

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Market cap$3.81B-23.8%
Enterprise value$4.36B-18.8%
P/E14.5×-7.1×
P/S0.4×-0.1×

Profitability

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Gross margin13.2%-1.1pp
Net margin2.7%+0.3pp

Returns & leverage

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Return on equity6.1%+0.7pp
Debt / equity0.2×0.0×
Current ratio1.7×0.0×

Segments

By product

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Motorcaravan$543.8M+12.9%
Travel Trailers$538.2M-20.5%
Class C$403.5M+18.5%
Fifth Wheels$343.5M-30.2%
Campervan$294.6M+16.8%

By segment

See full
European$987.6M+11.8%
North American Towable$881.8M-24.6%
North American Motorized$717.7M+7.7%

Competitors

Profile

Thor Industries is the world's largest manufacturer of recreational vehicles (RVs), operating as a leading producer in both North America and Europe. The company designs and builds a comprehensive range of towable and motorized RVs, as well as specialized components and accessories, which are distributed through an extensive network of independent dealers. Its value proposition is built on a portfolio of iconic brands and a decentralized operating structure that allows for rapid production adjustments based on consumer demand.

Competitive position

Thor Industries is the global market leader in RV manufacturing, holding the largest market share in North America and a leading position in Europe.

GeographiesUnited States, Canada, Europe
Customer segmentsIndependent Dealerships, Outdoor Enthusiasts, OEM Manufacturers
Business modelManufacturing, Wholesale Distribution, B2B, B2C
SuppliersChassis manufacturers, Aluminum and steel suppliers, Lumber and plywood providers, Fiberglass and plastic suppliers, Component manufacturers
CustomersIndependent non-franchise RV dealers, Retail RV consumers, RV rental fleets
Listed1984
Employees24.9K
CEORobert W. Martin
FilingsSEC EDGAR

Questions, answered.

What is Thor Industries's market cap?
Thor Industries (THO) has a market capitalization of $3.8B and trades on NYSE.
What is Thor Industries's revenue and profitability?
Thor Industries generated $9.8B in trailing twelve-month revenue with net income of $262.5M, representing a net margin of 2.7%. Gross margin stands at 13.2%, with free cash flow of $199.6M. These figures are based on the Q2 2026 filing.
Who are Thor Industries's competitors?
Thor Industries's key competitors include Winnebago Industries, Inc., Camping World Holdings, Inc., LCI Industries, and others. These companies compete in similar markets and product categories.
Who does Thor Industries partner with?
Thor Industries's notable partners include FreedomRoads, LLC, Ford Motor Company, Mercedes-Benz, and others.
What subsidiaries does Thor Industries have?
Thor Industries's subsidiaries include Airstream, Inc., Jayco, Inc., Keystone RV Company, and others.
Where is Thor Industries headquartered?
Thor Industries is headquartered in United States of America and employs approximately 24,900 people. It has been publicly traded since 1984.