Thor Industries, Inc. (THO) vs Winnebago Industries, Inc. (WGO)

Thor Industries, Inc. and Winnebago Industries, Inc. are both Recreational Vehicles companies. Thor Industries, Inc. is the larger, with a market value of $3.8B against $871.7M — 4.4× the size. Thor Industries, Inc. trades at the lower P/E: 23.3× against 26.6×. Thor Industries, Inc. grew revenue faster over the last twelve months: 0.30% against −3.37%. Thor Industries, Inc. has the higher net margin (1.85% vs 1.28%) and the lower return on invested capital (2.65% vs 2.76%). Both pay a dividend; Winnebago Industries, Inc. yields more (4.37% vs 2.65%). Across the 23 metrics below, Winnebago Industries, Inc. leads on 13 and Thor Industries, Inc. on 10.

Valuation

Metric THO WGO Recreational Vehicles median
P/E 23.28 26.64 23.83
P/S 0.43 0.34 0.61
P/B 0.97 0.74 1.05
Price to free cash flow 17.51 6.05 10.99
EV/EBITDA 9.70 9.56 9.68
EV/Sales 0.47 0.45 0.78
Earnings yield 4.30% 3.75% (0.05%)
Free cash flow yield 5.71% 16.53% 6.91%

Profitability

Metric THO WGO Recreational Vehicles median
Gross margin 12.62% 12.95% 20.94%
Operating margin 2.05% 2.45% (0.16%)
Net margin 1.85% 1.28% (1.59%)
Free cash flow margin 2.46% 5.55% 5.37%
Return on equity 4.15% 2.80% 0.00%
Return on assets 2.53% 1.62% 0.00%
Return on invested capital 2.65% 2.76% 0.00%

Growth

Metric THO WGO Recreational Vehicles median
Revenue growth (TTM) 0.30% (3.37%) 4.05%
EPS growth (last fiscal year) (29.66%) 32.97% (5.83%)
Revenue growth, 5-year CAGR (4.85%) (5.72%) 3.46%
Net income growth, 5-year CAGR (23.09%) (34.30%) 0.00%

Health

Metric THO WGO Recreational Vehicles median
Debt to equity 0.20 0.36 0.54
Current ratio 1.77 2.17 1.81
Net debt to EBITDA 0.83 2.04 0.17

Dividend

Metric THO WGO Recreational Vehicles median
Dividend yield 2.65% 4.37% 2.48%
Payout ratio 0.62 1.17 0.53

Size

Metric THO WGO Recreational Vehicles median
Market cap 3.81b 871.66m 494.55m

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