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Segments

By segment

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European$74.73M-6.5%
North American Towable$57.02M-22.0%
North American Motorized$34.69M+1.0%

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$4.04B-19.7%
Enterprise value$4.59B-15.2%
P/E15.4×-4.1×
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:SellingGeneralAndAdministrativeExpense.

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 itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025Nine Months Ended April 30, 2026Nine Months Ended April 30, 2025
Net sales$2,781,538$2,894,816$7,296,517$7,055,707
Cost of products sold2,426,7682,451,6976,369,5196,085,949
Gross profit354,770443,119926,998969,758
Selling, general and administrative expenses230,929238,273696,980684,692
Amortization of intangible assets27,81829,60483,54388,670
Interest expense, net9,65511,20528,09238,383
Other income (expense), net47,105(8,457)68,570(5,189)
Income before income taxes133,473155,580186,953152,824

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Thor Industries's SG&A?
Thor Industries (THO) reported SG&A of $230.93M in Q1 2026.
How has Thor Industries's SG&A changed year-over-year?
Thor Industries's SG&A decreased by 3.1% year-over-year, from $238.27M to $230.93M.
What is the long-term trend for Thor Industries's SG&A?
Over 4 years (2021 to 2025), Thor Industries's SG&A has grown at a 1.5% compound annual growth rate (CAGR), from $869.92M to $922.55M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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