What is Thor Industries's net debt?

Thor Industries (THO) reported net debt of $547.32M in Q1 2026.

How has Thor Industries's net debt changed year-over-year?

Thor Industries's net debt decreased by 0.9% year-over-year, from $552.17M to $547.32M.

What is the long-term trend for Thor Industries's net debt?

Over 5 years (2020 to 2025), Thor Industries's net debt has grown at a -20.0% compound annual growth rate (CAGR), from $1.16B to $380.44M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Thor Industries THO Net debt

Discontinued — last reported Q3 '26

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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$3.79B+4.9%

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

Calculated from Thor Industries’s reported figures.

$919.3Mtotal debt−$371.9Mcash and equivalents=$547.32M

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 net debt?: Thor Industries (THO) reported net debt of $547.32M in Q1 2026.
How has Thor Industries's net debt changed year-over-year?: Thor Industries's net debt decreased by 0.9% year-over-year, from $552.17M to $547.32M.
What is the long-term trend for Thor Industries's net debt?: Over 5 years (2020 to 2025), Thor Industries's net debt has grown at a -20.0% compound annual growth rate (CAGR), from $1.16B to $380.44M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.