Thor Industries, Inc.

THO Consumer Cyclical Recreational Vehicles

Thor Industries, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $9.6 billion, roughly unchanged from fiscal 2025.

Revenue
−8.41%
EPS
−67.0%
Free cash flow
−26.7%
Total debt
−5.96%

Quarter to July 2026, against a year earlier

82.88 1.77 −2.09%
Market cap
$4.3B
P/E
24.4×
Fwd P/E
20.2×
Dividend yield
2.53%
F-score
7/9
Altman Z
3.45
Beneish M
−2.52
Dividend safety
69/100

Thor Industries, Inc. (THO) Gross margin

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Thor Industries, Inc.'s gross margin over the twelve months to 31 July 2026 was 12.6%. Over the past ten years it has ranged from 12.4% (fiscal 2019) to 17.2% (fiscal 2022); the current reading is higher than 17% of that period. That is below the Recreational Vehicles industry median of 20.9% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 12.6% (1.37)
FY2025 14.0% (0.47)
FY2024 14.5% 0.11
FY2023 14.4% (2.85)
FY2022 17.2% 1.82
FY2021 15.4% 1.69
FY2020 13.7% 1.32
FY2019 12.4% (1.61)
FY2018 14.0% (0.42)
FY2017 14.4% (1.45)

Quarterly newest first

Period Gross margin Change (points)
Jul 2026 12.4% (0.39)
Apr 2026 12.8% 0.93
Jan 2026 11.8% (1.61)
Oct 2025 13.4% (1.27)
43 more quarters

Against its own ten years

Low 12.4% High 17.2%
Ten-year median 14.2%
Current reading's percentile 7

Gross margin against peers

Company Gross margin
LCII LCI Industries compare 26.2%
BC Brunswick Corporation compare 26.2%
HOG Harley-Davidson, Inc. compare 24.0%
PATK Patrick Industries, Inc. compare 23.3%
MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare 22.9%
PII Polaris Inc. compare 21.3%
DOO BRP Inc. compare 20.6%
WGO Winnebago Industries, Inc. compare 13.0%
THO Thor Industries, Inc. 12.6%
Recreational Vehicles industry median 20.9%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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