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Thor Industries, Inc.

THO

Thor Industries is the world's largest manufacturer of recreational vehicles, operating through a portfolio of leading brands across North America and Europe.

Market cap
$3.41B-37.9%
Revenue$9.6B+0.3%
Net income$177.5M-31.3%
Free cash flow$168.8M-62.9%
EPS (diluted)$3.40-29.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Dec 2, 2026 (in 2 months)
Revenue estimate$2.3B
EPS estimate$0.19

Financials

Q4 2026

Income statement

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Revenue$2.3B-8.4%
Gross profit$285.6M-23.0%
Net income$40.8M-67.5%
EPS (diluted)$0.79-66.4%

Balance sheet

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Cash & equivalents$482.0M-17.8%
Total debt$910.0M-5.9%
Total equity$4.3B-0.6%
Total assets$7.0B-1.5%

Cash flow

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Operating cash flow$244.2M-5.6%
CapEx$54.3M+43.0%
Free cash flow$196.0M-11.2%

Valuation & ratios

Valuation

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Market cap$3.41B-37.9%
Enterprise value$3.84B-33.4%
P/E19.2×-1.6×
P/S0.4×-0.2×

Profitability

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Gross margin12.6%-1.4pp
Net margin1.8%-0.9pp

Returns & leverage

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Return on equity4.2%-2.0pp
Debt / equity0.2×0.0×
Current ratio1.8×0.0×

Segments

By product

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Motorcaravan$539.8M+3.3%
Travel Trailers$466.4M-18.8%
Campervan$281.4M+14.2%
Fifth Wheels$269.6M-30.5%
Class C$253.9M-12.2%

By segment

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European$969.2M+5.0%
North American Towable$687.3M-22.7%
North American Motorized$499.3M-10.4%

Competitors

Profile

Thor Industries is the world's largest manufacturer of recreational vehicles, operating through a portfolio of leading brands across North America and Europe. The company designs and manufactures a comprehensive range of motorized and towable RVs, including travel trailers, fifth wheels, and various classes of motorhomes. Beyond vehicle production, the company operates a significant supply business that provides specialized components and aluminum extrusions to both internal brands and external original equipment manufacturers.

Competitive position

Thor is the global market leader in RV manufacturing, holding dominant market share positions in both the North American and European markets through a multi-brand strategy.

GeographiesUnited States, Canada, Europe
Customer segmentsIndependent Dealerships, Outdoor Enthusiasts, Travelers
Business modelManufacturing, Wholesale Distribution, B2B Supply
SuppliersChassis manufacturers, Aluminum suppliers, Lumber and plywood suppliers, Steel and fiberglass providers, Component manufacturers
CustomersIndependent non-franchise dealers, FreedomRoads, LLC, Retail RV buyers, RV service centers
Listed1984
Employees24.9K
CEORobert W. Martin
FilingsSEC EDGAR

FAQ

What is Thor Industries, Inc.'s market cap?
Thor Industries, Inc. (THO) has a market capitalization of $3.4B and trades on NYSE.
What is Thor Industries, Inc.'s revenue and profitability?
Thor Industries, Inc. generated $9.6B in trailing twelve-month revenue with net income of $177.5M, representing a net margin of 1.8%. Gross margin stands at 12.6%, with free cash flow of $168.8M. The latest reported period is Q4 2026.
Who are Thor Industries, Inc.'s competitors?
Thor Industries, Inc.'s key competitors include Winnebago Industries, Inc., LCI Industries, Camping World Holdings, Inc., and others. These companies compete in similar markets and product categories.
Who does Thor Industries, Inc. partner with?
Thor Industries, Inc.'s notable partners include Ford Motor Company, Mercedes-Benz, Stellantis, and others.
What subsidiaries does Thor Industries, Inc. have?
Thor Industries, Inc.'s subsidiaries include Airstream, Inc., Jayco, Inc., Keystone RV Company, and others.
Where is Thor Industries, Inc. headquartered?
Thor Industries, Inc. is headquartered in United States of America and employs approximately 24,900 people. It has been publicly traded since 1984.