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Thor Industries THO Accrued Expenses

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Other financials

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%
Free cash flow-$140.7M-3,174%

Valuation

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Market cap$4.14B-17.9%
Enterprise value$4.69B-13.5%
P/E15.8×-3.7×
P/S0.4×-0.1×

Profitability

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Gross margin13.2%-1.1pp
Net margin2.7%+0.3pp
FCF margin2.3%-3.4pp

Returns & leverage

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

Where this comes from

Reported directly by Thor Industries in its filing.

Tagged under the XBRL concept us-gaap:StandardProductWarrantyAccrualCurrent.

The source filing: Thor Industries’s 10-Q, filed June 3, 2026.

Filed
Jun 3, 2026, 6:32 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000730263-26-000018
Line itemApril 30, 2026July 31, 2025
Short-term financial obligations67,37060,112
Accrued liabilities:
Compensation and related items166,462178,259
Product warranties281,627291,130
Income and other taxes50,06759,392
Promotions and rebates170,943162,477
Product, property and related liabilities23,67518,634
Other64,23273,182

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Thor Industries's accrued expenses?
Thor Industries (THO) reported accrued expenses of $281.63M in Q1 2026.
How has Thor Industries's accrued expenses changed year-over-year?
Thor Industries's accrued expenses decreased by 4.7% year-over-year, from $295.59M to $281.63M.
What is the long-term trend for Thor Industries's accrued expenses?
Over 4 years (2021 to 2025), Thor Industries's accrued expenses has grown at a 2.1% compound annual growth rate (CAGR), from $267.62M to $291.13M.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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