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Thor Industries
(NYSE:THO)
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Rating:55Neutral
Price Target:
$67.00
â–¼(-12.20% Downside)
Action:Reiterated
Date:10/14/26
The score is mainly held back by weakened operating performance (lower margins and earnings) and bearish technical momentum (price below key moving averages, negative MACD). Offsetting factors include a stronger, de-risked balance sheet, a supportive dividend yield, and shareholder-return actions (dividend increase and buybacks) that help stabilize the risk profile through the RV cycle.
Positive Factors
Lower Leverage
The substantial reduction in debt relative to equity strengthens Thor’s ability to withstand RV-cycle volatility. Lower leverage should reduce financial strain, preserve borrowing capacity, and provide greater flexibility to fund operations, restructuring, capital returns, or future growth.
Negative Factors
Revenue and Margin Compression
Several years of declining revenue and materially lower gross and net margins show that Thor’s earnings power has weakened beyond a single quarter. Thin profitability leaves less cushion against pricing pressure, lower utilization, or continued softness in RV demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
The substantial reduction in debt relative to equity strengthens Thor’s ability to withstand RV-cycle volatility. Lower leverage should reduce financial strain, preserve borrowing capacity, and provide greater flexibility to fund operations, restructuring, capital returns, or future growth.
Read all positive factors
Thor Industries (THO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.62B
Dividend Yield2.97%
Average Volume (3M)980.35K
Price to Earnings (P/E)20.7
Beta (1Y)0.98
Revenue Growth0.31%
EPS Growth-30.23%
CountryUS
Employees19,500
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)3.39
Shares Outstanding51,614,360
10 Day Avg. Volume1,012,004
30 Day Avg. Volume980,354
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)0.92
Price to Sales (P/S)0.41
P/FCF Ratio23.25
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue0.46
Enterprise Value/Gross Profit3.62
Enterprise Value/Ebitda8.10
Forecast
1Y Price Target
$82.00Price Target Upside7.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)3.71
Revenue Forecast (FY)$9.69B
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 manufacturing RVs and selling them to a network of independent dealers, who then sell to retail customers. Its core revenue stream is the sale of towable RVs and motorized RVs across its brand portfolio; re...
Thor Industries Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
72
Positive
Cash Flow
54
Neutral
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.61B | 9.58B | 10.04B | 11.12B | 16.31B |
| Gross Profit | 1.21B | 1.20B | 1.59B | 1.46B | 2.99B |
| EBITDA | 541.91M | 615.84M | 714.65M | 873.73M | 1.84B |
| Net Income | 177.54M | 258.56M | 265.31M | 374.27M | 1.14B |
Balance Sheet | |||||
| Total Assets | 6.96B | 7.07B | 7.02B | 7.26B | 7.41B |
| Cash, Cash Equivalents and Short-Term Investments | 481.99M | 586.60M | 501.32M | 441.23M | 311.69M |
| Total Debt | 867.96M | 922.98M | 1.13B | 1.30B | 1.82B |
| Total Liabilities | 2.70B | 2.78B | 2.95B | 3.28B | 3.81B |
| Stockholders Equity | 4.26B | 4.29B | 4.07B | 3.98B | 3.57B |
Cash Flow | |||||
| Free Cash Flow | 168.84M | 454.94M | 405.91M | 773.44M | 747.90M |
| Operating Cash Flow | 321.22M | 577.92M | 545.55M | 981.63M | 990.25M |
| Investing Cash Flow | -125.44M | -64.47M | -146.81M | -222.48M | -1.05B |
| Financing Cash Flow | -296.62M | -426.31M | -337.68M | -635.68M | -47.84M |
Thor Industries Technical Analysis
Positive
76.31
Price Trends
71.91
Negative
74.00
Negative
82.11
Negative
Market Momentum
-0.87
Negative
53.08
Neutral
66.58
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 76.31 is above the 20-day moving average (MA) of 67.64, above the 50-day MA of 71.91, and below the 200-day MA of 82.11, indicating a neutral trend. The MACD of -0.87 indicates Negative momentum. The RSI at 53.08 is Neutral, neither overbought nor oversold. The STOCH value of 66.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $2.06B | 9.77 | 15.25% | 5.42% | 4.05% | 44.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $3.12B | -11.94 | -29.22% | 4.94% | 8.43% | -143.55% | |
58 Neutral | $814.92M | 23.68 | 2.79% | 4.92% | -3.37% | 32.39% | |
56 Neutral | $3.01B | 17.45 | 6.27% | 2.56% | -5.25% | -14.29% | |
55 Neutral | $3.62B | 20.68 | 4.13% | 2.97% | 0.31% | -30.23% | |
54 Neutral | $4.27B | -51.07 | -5.32% | 2.66% | 10.46% | -305.37% |
* Consumer Cyclical Sector Average
THO
Thor Industries
70.10
-36.97
-34.53%
BC
Brunswick
65.88
-3.48
-5.01%
LCII
LCI Industries
84.87
-3.53
-3.99%
HOG
Harley-Davidson
28.96
2.86
10.94%
PII
Polaris
54.82
-13.46
-19.72%
WGO
Winnebago Industries
28.65
-10.83
-27.44%
Thor Industries Corporate Events
Business Operations and StrategyDividends
Thor Industries Announces Increase in Quarterly Dividend
Positive
Oct 13, 2026
On October 13, 2026, THOR Industries’ Board of Directors approved an increase in its regular quarterly cash dividend to $0.54 per share, up 3.8% from the prior $0.52 payout. The dividend will be paid on November 10, 2026, to shareholders of ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Thor Industries Reports Fiscal 2026 Results Amid Headwinds
Negative
Sep 22, 2026
On September 22, 2026, Thor Industries reported fiscal 2026 results for the year ended July 31, 2026, posting net sales of $9.61 billion, slightly above the prior year, but net income fell to $177.5 million amid persistent RV industry headwinds, m...
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.