Thor Industries (THO) AI Stock Analysis

• Market Cap: $5.44B
• Dividend Yield: 1.95%
• Average Volume (3M): 713.77K
• Price to Earnings (P/E): 21.4
• Beta (1Y): 1.37
• Revenue Growth: -4.62%
• EPS Growth: -2.29%
• Country: US
• Employees: 22,300
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 2.36
• Shares Outstanding: 52,633,210
• 10 Day Avg. Volume: 567,462
• 30 Day Avg. Volume: 713,769
• PEG Ratio: -8.46
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.50
• P/FCF Ratio: 10.62
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.55
• Enterprise Value/Gross Profit: 3.86
• Enterprise Value/Ebitda: 8.67
• 1Y Price Target: $109.63
• Price Target Upside: 6.08% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 11

• Rating: 61 Neutral
• Price Target: $109.00 ▲(5.47% Upside)

Thor Industries' overall stock score is primarily influenced by its financial performance and technical analysis. The company faces challenges with declining revenue and profitability, but it has improved its balance sheet. Technical indicators show mixed signals, with short-term bearish momentum but some longer-term support. The valuation is moderate, with a relatively low dividend yield.

Positive Factors

Balance Sheet Improvement

Improved debt-to-equity ratio indicates reduced leverage, enhancing financial stability and providing more flexibility for future investments.

Cash Generation

Strong cash generation relative to net income suggests effective operations and the ability to fund growth initiatives and manage obligations.

Operational Efficiency

Maintaining a stable EBITDA margin indicates operational efficiency, allowing the company to better manage costs and sustain profitability.

Negative Factors

Revenue Decline

Declining revenue growth reflects challenges in market demand or competitive positioning, potentially impacting long-term business expansion.

Profitability Challenges

Low net profit margin indicates difficulties in converting sales into profit, which could hinder the company's ability to reinvest and grow.

Free Cash Flow Decline

Decline in free cash flow raises concerns about liquidity and the capacity to fund future investments or weather economic downturns.

Thor Industries Business Overview & Revenue Model

Company Description

Thor Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. The company was founded in 1980 and is based in Elkhart, Indiana.

How the Company Makes Money

Thor Industries generates revenue primarily through the sale of its recreational vehicles. The company's revenue model is built on direct sales to dealers and distributors, who then sell the RVs to consumers. Key revenue streams include the sale of both towable and motorized RV units, along with parts and accessories. Additionally, Thor benefits from economies of scale, allowing it to manage production costs effectively. The company also engages in strategic partnerships with various suppliers and dealers, enhancing its distribution network. Factors contributing to its earnings include market demand for recreational vehicles, consumer trends towards outdoor recreation, and the company's ability to innovate and expand its product offerings.

Thor Industries Financial Statement Overview

Summary

Thor Industries faces challenges with declining revenue and profitability, but it has improved its balance sheet by reducing leverage. Cash flow generation remains robust, although the decline in free cash flow growth is a concern. The company needs to focus on revenue growth and margin improvement to enhance overall financial performance.

Income Statement

Thor Industries has experienced a decline in revenue over the past few years, with a negative revenue growth rate of -10.8% in the most recent year. The gross profit margin has slightly decreased to 13.99%, indicating some pressure on cost management. The net profit margin remains low at 2.70%, reflecting challenges in maintaining profitability. However, the company has managed to maintain a stable EBITDA margin of 4.36%, suggesting some operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.22, indicating a reduction in leverage and a stronger balance sheet. Return on equity is modest at 6.03%, showing limited profitability relative to shareholder equity. The equity ratio stands at 60.72%, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Free cash flow has declined by 15.54%, which is a concern for liquidity and future investments. However, the operating cash flow to net income ratio is strong at 4.37, indicating good cash generation relative to net income. The free cash flow to net income ratio is healthy at 0.79, suggesting effective conversion of earnings into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.59B	9.58B	10.04B	11.12B	16.31B	12.32B
Gross Profit	1.37B	1.34B	1.45B	1.60B	2.81B	1.89B
EBITDA	610.02M	418.09M	714.50M	862.42M	1.82B	1.14B
Net Income	222.82M	258.56M	265.31M	374.27M	1.14B	659.87M
Balance Sheet
Total Assets	7.17B	7.07B	7.02B	7.26B	7.41B	6.65B
Cash, Cash Equivalents and Short-Term Investments	508.32M	586.60M	501.32M	441.23M	311.69M	445.85M
Total Debt	1.02B	922.98M	1.13B	1.30B	1.75B	1.59B
Total Liabilities	2.95B	1.19B	2.95B	3.28B	3.81B	3.71B
Stockholders Equity	4.22B	4.29B	4.07B	3.98B	3.57B	2.92B
Cash Flow
Free Cash Flow	538.65M	454.94M	405.91M	773.44M	747.90M	397.65M
Operating Cash Flow	657.26M	577.92M	545.55M	981.63M	990.25M	526.48M
Investing Cash Flow	-111.27M	-64.47M	-146.81M	-222.48M	-1.05B	-428.49M
Financing Cash Flow	-408.44M	-426.31M	-337.68M	-635.68M	-47.84M	-188.44M

Thor Industries Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 103.35
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THO, the sentiment is Neutral. The current price of 103.35 is below the 20-day moving average (MA) of 105.23, below the 50-day MA of 106.08, and above the 200-day MA of 91.84, indicating a neutral trend. The MACD of 0.56 indicates Positive momentum. The RSI at 45.27 is Neutral, neither overbought nor oversold. The STOCH value of 28.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for THO.

Thor Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LCII	―	$2.19B	15.51	10.95%	4.81%	1.36%	25.97%
WGO	―	$1.05B	41.03	2.06%	3.67%	-5.90%	119.79%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
THO	―	$5.44B	21.40	6.19%	1.95%	-4.62%	-2.29%
PII	―	$3.78B	-25.34	-12.15%	3.97%	-9.39%	-173.86%
MBUU	―	$543.29M	36.81	2.85%	―	-2.59%	―
BC	―	$4.39B	-18.55	-12.31%	2.63%	-4.78%	-189.89%

Thor Industries Corporate Events

Thor Industries Declares Quarterly Cash Dividend

On October 8, 2025, THOR Industries’ Board of Directors declared a regular quarterly cash dividend of $0.52 per share, payable on November 6, 2025, to shareholders recorded by October 23, 2025. This announcement reflects the company’s ongoing commitment to returning value to shareholders, potentially strengthening its position in the recreational vehicle market.

The most recent analyst rating on (THO) stock is a Hold with a $117.00 price target. To see the full list of analyst forecasts on Thor Industries stock, see the THO Stock Forecast page.

Thor Industries Reports Strong Q4 2025 Results

THOR Industries reported its fiscal 2025 fourth quarter and full-year results, showing solid performance despite a challenging macroeconomic environment. The company achieved a revenue of $2.52 billion in the fourth quarter and $9.58 billion for the fiscal year, with strategic organizational restructuring contributing to improved market share and operational efficiencies. THOR reduced its total debt by $237 million and returned $158.8 million to shareholders. The company is well-positioned for fiscal 2026 with a strong liquidity position, aiming to leverage data for real-time retail demand response and optimize its brand portfolio.

The most recent analyst rating on (THO) stock is a Hold with a $93.00 price target. To see the full list of analyst forecasts on Thor Industries stock, see the THO Stock Forecast page.

THOR Industries Reports Stable Fiscal 2025 Results

THOR Industries, Inc., a leading manufacturer of recreational vehicles, operates globally with a focus on producing towable and motorized RVs. The company is recognized for its extensive brand portfolio and innovative product offerings in the RV industry.