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Thor Industries
(NYSE:THO)
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Rating:54Neutral
Price Target:
$77.00
▼(-4.41% Downside)
Action:Reiterated
Date:06/17/26
The score is held back primarily by multi-year revenue declines and significant margin compression, along with weak technical trend signals (below key moving averages and negative MACD). Offsetting these are a substantially strengthened balance sheet, continued positive cash generation, and a moderate valuation supported by a ~2.7% dividend yield, though the recent EPS guidance cut adds caution.
Positive Factors
Material balance-sheet deleveraging
Thor’s sharp reduction in leverage to near-zero is a durable improvement in financial flexibility. Lower debt reduces bankruptcy and refinancing risk, preserves capacity for capex, buybacks, or dividends during cycles, and supports resilience through prolonged RV cyclical downturns.
Negative Factors
Multi-year revenue contraction
Sustained revenue declines over several years indicate structural demand or market-share challenges rather than a short blip. Persistent shrinkage erodes scale economics, dealer relationships and pricing power, making margin recovery and long-term growth harder without strategic shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Material balance-sheet deleveraging
Thor’s sharp reduction in leverage to near-zero is a durable improvement in financial flexibility. Lower debt reduces bankruptcy and refinancing risk, preserves capacity for capex, buybacks, or dividends during cycles, and supports resilience through prolonged RV cyclical downturns.
Read all positive factors
Thor Industries (THO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.98B
Dividend Yield1.94%
Average Volume (3M)813.68K
Price to Earnings (P/E)15.2
Beta (1Y)1.03
Revenue Growth2.40%
EPS Growth18.91%
CountryUS
Employees22,300
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)4.98
Shares Outstanding52,057,373
10 Day Avg. Volume738,366
30 Day Avg. Volume813,676
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 Cap1.09
Enterprise Value/Revenue0.44
Enterprise Value/Gross Profit3.60
Enterprise Value/Ebitda6.85
Forecast
1Y Price Target
$90.00Price Target Upside11.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)3.53
Revenue Forecast (FY)$9.47B
Thor Industries Business Overview & Revenue Model
Company Description
Thor Industries, Inc. specializes in the design, production, and sale of recreational vehicles (RVs), complemented by a range of related parts and accessories. Its operations span the United States, Canada, and Europe. The company offers an extens...
How the Company Makes Money
Thor Industries primarily makes money by selling finished RVs to independent dealers, which then sell to end consumers. Its revenue is largely driven by wholesale shipments of (1) towable RVs (e.g., travel trailers and fifth wheels) and (2) motori...
Thor Industries Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
53
Neutral
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.82B | 9.58B | 10.04B | 11.12B | 16.31B | 12.32B |
| Gross Profit | 1.21B | 1.20B | 1.59B | 1.46B | 2.99B | 1.76B |
| EBITDA | 636.69M | 615.84M | 714.65M | 873.73M | 1.84B | 1.17B |
| Net Income | 260.77M | 258.56M | 265.31M | 374.27M | 1.14B | 659.87M |
Balance Sheet | ||||||
| Total Assets | 7.15B | 7.07B | 7.02B | 7.26B | 7.41B | 6.65B |
| Cash, Cash Equivalents and Short-Term Investments | 371.95M | 586.60M | 501.32M | 441.23M | 311.69M | 445.85M |
| Total Debt | 986.63M | 922.98M | 1.13B | 1.30B | 1.82B | 1.59B |
| Total Liabilities | 2.84B | 2.78B | 2.95B | 3.28B | 3.81B | 3.71B |
| Stockholders Equity | 4.31B | 4.29B | 4.07B | 3.98B | 3.57B | 2.92B |
Cash Flow | ||||||
| Free Cash Flow | 199.65M | 454.94M | 405.91M | 773.44M | 747.90M | 397.65M |
| Operating Cash Flow | 335.72M | 577.92M | 545.55M | 981.63M | 990.25M | 526.48M |
| Investing Cash Flow | -58.36M | -64.47M | -146.81M | -222.48M | -1.05B | -428.49M |
| Financing Cash Flow | -411.29M | -426.31M | -337.68M | -635.68M | -47.84M | -188.44M |
Thor Industries Technical Analysis
Negative
80.55
Price Trends
75.91
Negative
81.90
Negative
93.20
Negative
Market Momentum
-0.06
Negative
49.97
Neutral
55.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THO, the sentiment is Negative. The current price of 80.55 is above the 20-day moving average (MA) of 75.30, above the 50-day MA of 75.91, and below the 200-day MA of 93.20, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 49.97 is Neutral, neither overbought nor oversold. The STOCH value of 55.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $2.51B | 12.71 | 14.69% | 3.72% | 9.12% | 34.38% | |
62 Neutral | $880.86M | 22.55 | 3.39% | 3.42% | 3.44% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $5.14B | -38.29 | -8.07% | 2.27% | 8.35% | -271.39% | |
56 Neutral | $2.63B | 13.99 | 7.04% | 3.47% | -9.82% | -33.48% | |
56 Neutral | $3.59B | -8.21 | -45.60% | 3.99% | 4.30% | -1186.05% | |
54 Neutral | $3.98B | 15.21 | 6.06% | 1.94% | 2.40% | 18.91% |
* Consumer Cyclical Sector Average
THO
Thor Industries
75.73
-13.25
-14.89%
BC
Brunswick
79.27
22.46
39.53%
LCII
LCI Industries
104.45
12.02
13.00%
HOG
Harley-Davidson
25.32
1.75
7.41%
PII
Polaris
64.33
20.37
46.34%
WGO
Winnebago Industries
30.67
1.32
4.50%
Thor Industries Corporate Events
Dividends
Thor Industries Declares Regular Quarterly Cash Dividend
Positive
Jun 16, 2026
On June 16, 2026, THOR Industries’ board approved a regular quarterly cash dividend of $0.52 per share, underscoring the RV maker’s ongoing commitment to returning capital to shareholders. The dividend will be paid on July 15, 2026, to...
Business Operations and StrategyStock BuybackFinancial Disclosures
Thor Industries Cuts EPS Outlook After Q3 Results
Negative
Jun 3, 2026
Thor Industries reported fiscal 2026 third-quarter results on June 3, 2026, with net sales of $2.78 billion, net income attributable to Thor of $97.2 million and EBITDA of $209.1 million for the quarter ended April 30, 2026. The company noted resi...
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...
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.