THO
Company Description
Thor Industries, Inc. specializes in the design, production, and sale of recreational vehicles (RVs), complemented by a range of related parts and accessories. Its operations span the United States, Canada, and Europe. The company offers an extensive selection of RVs, including various travel trailers (from conventional models to luxury fifth wheels) and gasoline or diesel-powered Class A, Class B, and Class C motorhomes. Additionally, it caters to European markets with motorcaravans, caravans, campervans, and urban recreational vehicles. Beyond finished products, Thor also manufactures aluminum extrusions and specialized component parts for other RV and industrial manufacturers, and provides digital products and services specifically designed for RVs. Its diverse offerings are distributed through independent and non-franchise dealerships. Founded in 1980, Thor Industries is headquartered in Elkhart, Indiana.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.58B | 10.04B | 11.12B | 16.31B | 12.32B | 8.17B | 7.86B | 8.33B | 7.25B | 4.58B | 4.01B | 3.53B |
| Net Income | 258.56M | 265.31M | 374.27M | 1.14B | 659.87M | 222.97M | 133.28M | 430.15M | 374.25M | 256.52M | 199.38M | 179.00M |
| EPS | 4.87 | 4.98 | 7.00 | 20.67 | 11.93 | 4.04 | 2.47 | 8.17 | 7.12 | 4.89 | 3.75 | 3.36 |
| Free Cash Flow | 454.94M | 405.91M | 773.44M | 747.90M | 397.65M | 434.24M | 377.80M | 328.31M | 304.31M | 289.23M | 205.58M | 118.86M |
| FCF / Share | 8.57 | 7.62 | 14.46 | 13.59 | 7.19 | 7.87 | 7.01 | 6.23 | 5.79 | 5.51 | 3.87 | 2.23 |
| Operating CF | 577.92M | 545.55M | 981.63M | 990.25M | 526.48M | 540.94M | 508.02M | 466.51M | 419.33M | 341.21M | 247.86M | 149.26M |
| Total Assets | 7.07B | 7.02B | 7.26B | 7.41B | 6.65B | 5.77B | 5.66B | 2.78B | 2.56B | 2.33B | 1.50B | 1.41B |
| Total Debt | 922.98M | 1.13B | 1.30B | 1.82B | 1.59B | 1.65B | 1.89B | 6.09M | 145.00M | 360.00M | 0 | 0 |
| Cash & Equiv | 586.60M | 501.32M | 441.23M | 311.69M | 445.85M | 541.36M | 451.26M | 275.25M | 223.26M | 209.90M | 183.48M | 289.34M |
| Book Value | 4.29B | 4.07B | 3.98B | 3.57B | 2.92B | 2.35B | 2.10B | 1.94B | 1.58B | 1.27B | 1.07B | 977.70M |
| Return on Equity | 0.06 | 0.07 | 0.09 | 0.32 | 0.23 | 0.10 | 0.06 | 0.22 | 0.24 | 0.20 | 0.19 | 0.18 |
| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.78B | 2.13B | 2.39B | 2.52B | 2.89B | 2.02B | 2.14B | 2.53B | 2.80B | 2.21B | 2.50B | 2.74B |
| Net Income | 95.54M | 17.80M | 21.67M | 125.76M | 135.19M | (551,000) | (1.83M) | 90.02M | 114.51M | 7.22M | 53.56M | 90.29M |
| EPS | 1.86 | 0.34 | 0.41 | 2.37 | 2.54 | -0.01 | -0.03 | 1.70 | 2.15 | 0.14 | 1.00 | 1.69 |
| Free Cash Flow | 196.04M | (140.68M) | (76.45M) | 220.74M | 224.16M | 4.58M | 5.47M | 304.45M | 224.56M | (144.56M) | 21.46M | 449.79M |
| FCF / Share | 3.75 | -2.67 | -1.45 | 4.17 | 4.21 | 0.09 | 0.10 | 5.74 | 4.21 | -2.71 | 0.40 | 8.44 |
| Operating CF | 234.15M | (112.24M) | (44.87M) | 258.67M | 257.67M | 30.84M | 30.74M | 338.02M | 251.73M | (103.87M) | 59.67M | 507.51M |
| Total Assets | 7.15B | 7.02B | 6.99B | 7.07B | 7.17B | 6.71B | 6.87B | 7.02B | 7.22B | 7.23B | 7.17B | 7.26B |
| Total Debt | 986.63M | 880.69M | 915.96M | 922.98M | 1.02B | 1.03B | 1.08B | 1.13B | 1.36B | 1.52B | 1.28B | 1.30B |
| Cash & Equiv | 371.95M | 242.18M | 509.88M | 586.60M | 508.32M | 373.82M | 445.22M | 501.32M | 371.82M | 340.19M | 425.83M | 441.23M |
| Book Value | 4.31B | 4.32B | 4.30B | 4.29B | 4.22B | 3.95B | 4.05B | 4.07B | 4.00B | 3.94B | 3.92B | 3.98B |
| Return on Equity | 0.02 | 0.00 | 0.01 | 0.03 | 0.03 | -0.00 | -0.00 | 0.02 | 0.03 | 0.00 | 0.01 | 0.02 |
