Thor Industries (THO)
NYSE:THO
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Thor Industries
(NYSE:THO)
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Rating:51Neutral
Price Target:
$83.00
▲(3.04% Upside)
Action:ReiteratedDate:03/25/26
The score is held back primarily by compressed margins and weakening cash-flow trend, plus a clearly bearish technical setup (below major moving averages with negative MACD). Offsetting factors include a conservatively levered balance sheet, some top-line rebound, and supportive corporate actions (dividend/capital return and operational efficiency initiatives), though the very high P/E keeps the valuation component weak.
Positive Factors
Conservative balance sheet and low leverage
Low leverage and a sizable equity base provide durable financial flexibility through RV cycles. This reduces interest burden, supports continued dividends/repurchases, and funds restructuring or capex without forcing distress sales, sustaining strategic options over 2–6 months and beyond.
Negative Factors
Material margin compression from prior-cycle levels
Significant margin erosion versus peak-cycle results suggests structural pressure on pricing power or higher input/operating costs. Persistently lower margins reduce reinvestment capacity and ROE, making sustained profit recovery harder even if top-line stabilizes over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Low leverage and a sizable equity base provide durable financial flexibility through RV cycles. This reduces interest burden, supports continued dividends/repurchases, and funds restructuring or capex without forcing distress sales, sustaining strategic options over 2–6 months and beyond.
Read all positive factors
Thor Industries (THO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.11B
Dividend Yield1.94%
Average Volume (3M)804.51K
Price to Earnings (P/E)82.8
Beta (1Y)1.07
Revenue Growth4.59%
EPS Growth49.09%
CountryUS
Employees22,300
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)0.34
Shares Outstanding52,595,932
10 Day Avg. Volume746,602
30 Day Avg. Volume804,511
Financial Highlights & Ratios
PEG Ratio-8.46
Price to Book (P/B)1.13
Price to Sales (P/S)0.50
P/FCF Ratio10.62
Enterprise Value/Market Cap1.18
Enterprise Value/Revenue0.49
Enterprise Value/Gross Profit3.63
Enterprise Value/Ebitda8.15
Forecast
1Y Price Target
$104.40Price Target Upside29.61% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)4.18
Revenue Forecast (FY)$9.57B
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 m...
How the Company Makes Money
Thor Industries primarily makes money by manufacturing RVs and selling them at wholesale prices to independent RV dealers, who then retail the units to end consumers. Its core revenue stream is the sale of RV units across major categories: (1) tow...
Thor Industries Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.93B | 9.58B | 10.04B | 11.12B | 16.31B | 12.32B |
| Gross Profit | 1.34B | 1.20B | 1.59B | 1.46B | 2.99B | 1.76B |
| EBITDA | 597.06M | 570.83M | 701.99M | 861.96M | 1.82B | 1.14B |
| Net Income | 300.41M | 258.56M | 265.31M | 374.27M | 1.14B | 659.87M |
Balance Sheet | ||||||
| Total Assets | 7.02B | 7.07B | 7.02B | 7.26B | 7.41B | 6.65B |
| Cash, Cash Equivalents and Short-Term Investments | 242.18M | 586.60M | 501.32M | 441.23M | 311.69M | 445.85M |
| Total Debt | 994.49M | 922.98M | 1.13B | 1.30B | 1.82B | 1.59B |
| Total Liabilities | 2.69B | 2.78B | 2.95B | 3.28B | 3.81B | 3.71B |
| Stockholders Equity | 4.32B | 4.29B | 4.07B | 3.98B | 3.57B | 2.92B |
Cash Flow | ||||||
| Free Cash Flow | 227.76M | 454.94M | 405.91M | 773.44M | 747.90M | 397.65M |
| Operating Cash Flow | 359.23M | 577.92M | 545.55M | 981.63M | 990.25M | 526.48M |
| Investing Cash Flow | -61.21M | -64.47M | -146.81M | -222.48M | -1.05B | -428.49M |
| Financing Cash Flow | -408.76M | -426.31M | -337.68M | -635.68M | -47.84M | -188.44M |
Thor Industries Technical Analysis
Neutral
80.55
Price Trends
90.85
Negative
99.03
Negative
99.67
Negative
Market Momentum
-2.70
Negative
46.98
Neutral
37.29
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 80.55 is above the 20-day moving average (MA) of 78.70, below the 50-day MA of 90.85, and below the 200-day MA of 99.67, indicating a neutral trend. The MACD of -2.70 indicates Negative momentum. The RSI at 46.98 is Neutral, neither overbought nor oversold. The STOCH value of 37.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for THO.
Thor Industries Risk Analysis
Thor Industries disclosed 31 risk factors in its most recent earnings report. Thor Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Thor Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $2.84B | 15.99 | 13.76% | 3.72% | 10.18% | 34.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $5.17B | 57.32 | -7.80% | 2.27% | 8.35% | -271.39% | |
61 Neutral | $3.78B | -16.50 | -45.60% | 3.99% | 4.30% | -1186.05% | |
55 Neutral | $905.07M | 58.59 | 3.39% | 3.42% | 5.81% | ― | |
52 Neutral | $2.67B | 7.26 | 10.26% | 3.47% | -13.76% | -21.10% | |
51 Neutral | $4.11B | 82.80 | 7.01% | 1.94% | 4.59% | 49.09% |
* Consumer Cyclical Sector Average
THO
Thor Industries
78.18
5.29
7.26%
BC
Brunswick
79.42
34.03
74.95%
LCII
LCI Industries
116.79
41.40
54.91%
HOG
Harley-Davidson
24.48
1.45
6.27%
PII
Polaris
66.42
34.17
105.97%
WGO
Winnebago Industries
32.02
0.72
2.29%
Thor Industries Corporate Events
Dividends
Thor Industries Declares Regular Quarterly Cash Dividend
Positive
Mar 24, 2026
On March 24, 2026, THOR Industries, Inc. said its board of directors approved a regular quarterly cash dividend of $0.52 per share, continuing its pattern of returning cash to shareholders. The dividend is scheduled to be paid on April 20, 2026, t...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Thor Industries Posts Q2 Results, Affirms 2026 Outlook
Positive
Mar 3, 2026
Thor Industries reported fiscal 2026 second-quarter results on March 3, 2026, with revenue rising to $2.13 billion and net income attributable to Thor improving to $17.8 million, helped in part by gains on real estate transactions as it optimizes ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.