Thor Industries (THO) AI Stock Analysis

• Market Cap: $5.42B
• Dividend Yield: 1.94%
• Average Volume (3M): 654.87K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 1.22
• Revenue Growth: 1.43%
• EPS Growth: 34.76%
• Country: US
• Employees: 22,300
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.41
• Shares Outstanding: 52,838,665
• 10 Day Avg. Volume: 937,767
• 30 Day Avg. Volume: 654,870
• 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: 1.12
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 4.38
• Enterprise Value/Ebitda: 10.05
• 1Y Price Target: $108.43
• Price Target Upside: 4.10% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 11
• EPS Forecast (FY): 4.23
• Revenue Forecast (FY): $9.64B

• Rating: 69 Neutral
• Price Target: $114.00 ▲(9.45% Upside)

Thor Industries shows a stable financial position with low leverage and effective cash management, though profitability challenges persist. Technical indicators suggest a neutral to slightly positive trend. Recent corporate events are positive, reflecting strong financial results and strategic improvements. However, the valuation appears high, which could limit upside potential.

Positive Factors

Market Share Growth

Increasing market share in North America indicates effective strategic initiatives and improved dealer inventory management, strengthening Thor's competitive position.

Revenue Growth

Exceeding revenue expectations suggests successful product offerings and market strategy, supporting long-term growth prospects.

Financial Stability

Low leverage enhances financial flexibility and reduces risk, supporting sustainable operations and potential future investments.

Negative Factors

Profitability Challenges

Low net margins indicate ongoing challenges in cost management and pricing power, potentially impacting long-term profitability.

Free Cash Flow Decline

Declining free cash flow growth raises concerns about cash generation ability, which is crucial for funding operations and strategic initiatives.

European Segment Challenges

Operational challenges in Europe may hinder overall performance and require strategic adjustments to improve efficiency and profitability.

Thor Industries Business Overview & Revenue Model

Company Description

Thor Industries, Inc. is a leading manufacturer of recreational vehicles (RVs) in North America and Europe. Founded in 1980 and headquartered in Elkhart, Indiana, the company operates through several subsidiaries that design and build a diverse range of RVs, including motorhomes, travel trailers, fifth wheels, and toy haulers. Thor Industries serves a growing market of outdoor enthusiasts and offers products under well-known brands such as Airstream, Keystone, and Jayco, catering to various customer preferences and lifestyles.

How the Company Makes Money

Thor Industries generates revenue primarily through the sale of recreational vehicles. The company produces a wide array of RV models, which are sold through a network of independent dealers across North America and internationally. Key revenue streams include wholesale sales of RVs to dealers, as well as parts and service sales, which contribute to income from existing RV owners. Additionally, Thor Industries benefits from economies of scale and operational efficiencies, allowing for competitive pricing. The company's strategic acquisitions of established RV brands also enhance its market presence and diversify its product offerings. Furthermore, the ongoing growth in outdoor recreation and travel trends bolsters demand for RVs, contributing to Thor's revenue growth.

Thor Industries Financial Statement Overview

Summary

Thor Industries demonstrates a stable financial position with low leverage and a solid equity base. Revenue growth shows signs of recovery, but profitability remains a challenge with low net margins. Cash flow metrics indicate effective cash management, although recent declines in free cash flow growth warrant attention.

Income Statement

Thor Industries shows a modest revenue growth of 2.57% in the TTM period, indicating a recovery from previous declines. The gross profit margin is stable at approximately 14%, but the net profit margin is relatively low at 2.7%, suggesting limited profitability. EBIT and EBITDA margins are also modest, reflecting operational challenges.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.22, indicating low leverage and financial stability. Return on equity is moderate at 6.26%, showing reasonable efficiency in generating returns. The equity ratio is strong, suggesting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Thor Industries faces a decline in free cash flow growth by 18% in the TTM period, raising concerns about cash generation. However, the operating cash flow to net income ratio is strong at 4.97, indicating effective cash conversion. The free cash flow to net income ratio is also healthy, suggesting good cash profitability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.58B	10.04B	11.12B	16.31B	12.32B
Gross Profit	1.34B	1.45B	1.60B	2.81B	1.89B
EBITDA	615.84M	714.50M	862.42M	1.82B	1.14B
Net Income	258.56M	265.31M	374.27M	1.14B	659.87M
Balance Sheet
Total Assets	7.07B	7.02B	7.26B	7.41B	6.65B
Cash, Cash Equivalents and Short-Term Investments	586.60M	501.32M	441.23M	311.69M	445.85M
Total Debt	922.98M	1.13B	1.30B	1.82B	1.59B
Total Liabilities	2.78B	2.95B	3.28B	3.81B	3.71B
Stockholders Equity	4.29B	4.07B	3.98B	3.57B	2.92B
Cash Flow
Free Cash Flow	454.94M	405.91M	773.44M	747.90M	397.65M
Operating Cash Flow	577.92M	545.55M	981.63M	990.25M	526.48M
Investing Cash Flow	-64.47M	-146.81M	-222.48M	-1.05B	-428.49M
Financing Cash Flow	-426.31M	-337.68M	-635.68M	-47.84M	-188.44M

Thor Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 104.16
• 50DMA: Positive
• 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 Positive. The current price of 104.16 is above the 20-day moving average (MA) of 103.30, above the 50-day MA of 103.38, and above the 200-day MA of 92.29, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 36.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for THO.

Thor Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LCII	79 Outperform	$2.94B	16.97	12.89%	3.79%	5.74%	39.40%
THO	69 Neutral	$5.42B	19.38	6.75%	1.94%	1.43%	34.76%
WGO	69 Neutral	$1.13B	44.09	2.06%	3.42%	-5.90%	119.79%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PII	61 Neutral	$3.86B	-26.11	-12.15%	3.91%	-9.39%	-173.86%
HOG	60 Neutral	$2.51B	5.15	14.31%	3.40%	-15.99%	-6.76%
BC	52 Neutral	$4.81B	-20.73	-12.31%	2.29%	-4.78%	-189.89%

Thor Industries Corporate Events

Thor Industries Reports Strong Q1 2026 Financial Results

Thor Industries reported its fiscal 2026 first-quarter results, showing significant financial improvements despite a challenging market environment. The company achieved a revenue of $2.39 billion, a net income of $21.7 million, and an adjusted EBITDA of $131.0 million for the quarter ending October 31, 2025. Thor Industries also noted an increase in its North American market share for the second consecutive quarter, attributed to strategic initiatives and improved dealer inventory management. The company is optimistic about its long-term prospects and is prepared to leverage market opportunities as they arise, while also addressing operational challenges in its European segment.

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.

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.