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Thor Industries THO Q4 2025 Annual earnings

Reported September 24, 2025 · Before market open

Revenue$2.5BBeat by $435.7MDiluted EPS$2.31Beat by $1.15
Revenue estimate$2.1B
EPS estimate$1.16

Next report

Date not yet announced

Financials

Q4 2025

Income statement

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Revenue$2.5B-0.4%
Gross profit$370.9M-7.6%
Net income$125.8M+39.7%
EPS (diluted)$2.35+39.9%

Balance sheet

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Cash & equivalents$586.6M+17.0%
Total debt$967.0M-18.1%
Total equity$4.3B+5.4%
Total assets$7.1B+0.6%

Cash flow

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Operating cash flow$258.7M-23.5%
CapEx$37.9M+13.0%
Free cash flow$220.7M-27.5%

Valuation & ratios

Valuation

as of 07/31/25
See full
Market cap$4.81B-15.0%
Enterprise value$5.19B-18.1%
P/E18.6×-2.7×
P/S0.5×-0.1×

Profitability

See full
Gross margin14%-0.5pp
Net margin2.7%+0.1pp
FCF margin4.7%+0.7pp

Returns & leverage

See full
Return on equity6.2%-0.4pp
Debt / equity0.2×-0.1×
Current ratio1.8×+0.1×

Segments

By product

See full
Motorcaravan$522.5M+8.1%
Fifth Wheels$387.8M+11.5%
Class C$289.3M+20.7%
Campervan$246.4M-20.1%
Class A$154.1M-14.1%

By segment

See full
European$923.1M-2.2%
North American Towable$888.7M-4.6%
North American Motorized$557.4M+7.8%

Versus estimates

Revenue

Q3 2026$2.8BBeat by $115.5MQ2 2026$2.1BBeat by $168.7MQ1 2026$2.4BBeat by $341.6M
Q4 2025$2.5BBeat by $435.7M
Q3 2025$2.9BBeat by $280.5MQ2 2025$2.0BMiss by $638.5M

Diluted EPS

Q3 2026$1.86Miss by $0.02Q2 2026$0.04Beat by $0.01Q1 2026$0.41Beat by $0.48
Q4 2025$2.31Beat by $1.15
Q3 2025$2.77Beat by $0.98Q2 2025-$0.01Miss by $0.08

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Questions, answered.

When did Thor Industries report Q4 2025 earnings?
Thor Industries (THO) reported Q4 2025 earnings on September 24, 2025 before market open.
What were Thor Industries's Q4 2025 revenue and EPS?
Thor Industries reported revenue of $2.5B and diluted EPS of $2.31 for Q4 2025.
Did Thor Industries beat estimates in Q4 2025?
Revenue beat the consensus estimate of $2.1B by $435.7M. EPS beat the consensus estimate of $1.16 by $1.15.
How did Thor Industries's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.4% from $2.5B a year earlier and diluted EPS grew 37.5% from $1.68.
Where can I find Thor Industries's Q4 2025 SEC filings?
You can read the 10-K periodic report (0000730263-25-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.