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Thor Industries THO Q4 2025 Annual earnings

Reported September 24, 2025 · Before market open

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

Next report

Sep 23, 2026 (In 3 weeks)
Revenue estimate$2.2B
EPS estimate$0.94

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

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

Returns & leverage

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

Segments

By product

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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

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

FAQ

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 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 eps grew 37.5% from $1.68.
Where can I find Thor Industries's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001171843-25-006047) and the 10-K periodic report (0000730263-25-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.