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Thor Industries THO Recreational vehicles — Finished goods

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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$4.04B-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:InventoryFinishedGoods.

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
Finished goods – RV$253,453$256,239
Finished goods – other164,377127,600
Work in process331,265269,279
Raw materials463,538409,411
Chassis472,835438,079
Subtotal1,685,4681,500,608
Excess of FIFO costs over LIFO costs(154,753)(148,812)
Total inventories, net$1,530,715$1,351,796

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Thor Industries's recreational vehicles — finished goods?
Thor Industries (THO) reported recreational vehicles — finished goods of $253.45M in Q1 2026.
How has Thor Industries's recreational vehicles — finished goods changed year-over-year?
Thor Industries's recreational vehicles — finished goods decreased by 13.5% year-over-year, from $292.88M to $253.45M.
What is the long-term trend for Thor Industries's recreational vehicles — finished goods?
Over 4 years (2021 to 2025), Thor Industries's recreational vehicles — finished goods has grown at a 24.3% compound annual growth rate (CAGR), from $494.16M to $1.18B.
What does recreational vehicles — finished goods mean?
This metric represents the total value of completed recreational vehicle units held in inventory that are ready for sale to dealers or customers. Monitoring this balance helps investors assess production efficiency and potential inventory overhang relative to current market demand.

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