LCI Industries (LCII) vs Thor Industries, Inc. (THO)

LCI Industries and Thor Industries, Inc. are both Recreational Vehicles companies. Thor Industries, Inc. is the larger, with a market value of $3.7B against $2.0B — 1.8× the size. LCI Industries trades at the lower P/E: 9.7× against 21.2×. LCI Industries grew revenue faster over the last twelve months: 4.05% against 0.30%. LCI Industries has the higher net margin (5.24% vs 1.85%) and the higher return on invested capital (9.13% vs 2.65%). Both pay a dividend; LCI Industries yields more (1.89% vs 1.21%). Across the 23 metrics below, LCI Industries leads on 18 and Thor Industries, Inc. on 5.

Valuation

Metric LCII THO Recreational Vehicles median
P/E 9.73 21.23 17.55
P/S 0.51 0.39 0.53
P/B 1.44 0.89 0.91
Price to free cash flow 6.59 15.96 10.77
EV/EBITDA 6.35 8.91 9.09
EV/Sales 0.67 0.43 0.63
Earnings yield 10.28% 4.71% 0.15%
Free cash flow yield 15.17% 6.27% 6.30%

Profitability

Metric LCII THO Recreational Vehicles median
Gross margin 25.65% 12.62% 22.03%
Operating margin 7.49% 2.05% 0.17%
Net margin 5.24% 1.85% (0.15%)
Free cash flow margin 7.74% 2.46% 4.02%
Return on equity 15.00% 4.15% 0.16%
Return on assets 6.56% 2.53% 0.10%
Return on invested capital 9.13% 2.65% 0.16%

Growth

Metric LCII THO Recreational Vehicles median
Revenue growth (TTM) 4.05% 0.30% 4.05%
EPS growth (last fiscal year) 35.18% (30.85%) —
Revenue growth, 5-year CAGR 8.07% (4.85%) 4.29%
Net income growth, 5-year CAGR 3.51% (23.09%) 0.00%

Health

Metric LCII THO Recreational Vehicles median
Debt to equity 0.60 0.20 0.48
Current ratio 2.49 1.77 1.81
Net debt to EBITDA 1.80 0.83 0.53

Dividend

Metric LCII THO Recreational Vehicles median
Dividend yield 1.89% 1.21% 1.87%
Payout ratio 1.27 0.26 0.05

Size

Metric LCII THO Recreational Vehicles median
Market cap 2.03b 3.66b 628.11m

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