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Thor Industries THO Debt-to-equity

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2.8×+1.1×
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0.0×

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$3.77B+4.9%
Enterprise value$4.32B+4.2%
P/E14.4×-1.8×
P/S0.4×0.0×

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
Current ratio1.7×0.0×

Where this comes from

Calculated from Thor Industries’s reported figures.

Based on the most recent quarter.

The official record: Thor Industries’s 10-Q, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Thor Industries's debt-to-equity?
Thor Industries (THO) reported debt-to-equity of 0.2× in Q1 2026.
How has Thor Industries's debt-to-equity changed year-over-year?
Thor Industries's debt-to-equity decreased by 15.1% year-over-year, from 0.3× to 0.2×.
What is the long-term trend for Thor Industries's debt-to-equity?
Over 5 years (2020 to 2025), Thor Industries's debt-to-equity has grown at a -21.1% compound annual growth rate (CAGR), from 0.7× to 0.2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.