Thor Industries (THO) AI Stock Analysis

• Market Cap: $5.60B
• Dividend Yield: 1.88%
• Average Volume (3M): 798.01K
• Price to Earnings (P/E): 22.0
• Beta (1Y): 1.30
• 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: 1,059,136
• 30 Day Avg. Volume: 798,011
• 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: 0.95
• Enterprise Value/Revenue: 0.55
• Enterprise Value/Gross Profit: 3.86
• Enterprise Value/Ebitda: 8.67
• 1Y Price Target: $113.00
• Price Target Upside: 6.27% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 11

• Rating: 67 Neutral
• Price Target: $118.00 ▲(10.98% Upside)

Thor Industries shows a strong technical position with positive price trends, but faces challenges in financial performance due to declining revenue and profitability. The valuation is relatively high, which could limit upside potential. The company's improved balance sheet and robust cash flow generation are positive factors, but focus on revenue growth and margin improvement is needed.

Positive Factors

Market Position

Thor's strong market position as a leading RV manufacturer in key regions provides a durable competitive advantage, supporting long-term growth.

Balance Sheet Health

Improved leverage and a strong balance sheet enhance financial stability, enabling Thor to invest in growth opportunities and weather economic downturns.

Cash Generation Ability

Robust cash generation relative to net income indicates efficient operations, providing Thor with the liquidity needed for strategic initiatives and shareholder returns.

Negative Factors

Revenue Decline

Continued revenue decline poses a risk to Thor's market position and profitability, necessitating strategic initiatives to reverse the trend and drive growth.

Profit Margin Pressure

Decreasing profit margins suggest challenges in cost management, which could impact Thor's ability to maintain profitability and invest in future growth.

Free Cash Flow Decline

A decline in free cash flow limits Thor's financial flexibility, potentially hindering its ability to fund new projects and respond to market changes.

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 multiple segments, including towable RVs (which includes travel trailers and fifth wheels) and motorized RVs (such as Class A, B, and C motorhomes). Thor Industries markets its products under several well-known brands, such as Airstream, Keystone, and Jayco, catering to a diverse range of consumer preferences and price points within the RV market.

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: Positive
• Last Price: 106.33
• 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 106.33 is below the 20-day moving average (MA) of 106.99, above the 50-day MA of 102.75, and above the 200-day MA of 91.22, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 52.17 is Neutral, neither overbought nor oversold. The STOCH value of 65.33 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
BC	72 Outperform	$4.16B	100.62	0.72%	2.69%	-11.58%	-87.27%
THO	67 Neutral	$5.60B	21.96	6.19%	1.88%	-4.62%	-2.29%
LCII	66 Neutral	$2.30B	15.84	10.99%	4.84%	1.36%	25.97%
MBUU	64 Neutral	$641.63M	43.47	2.89%	―	-2.59%	―
PII	60 Neutral	$3.31B	-31.22	-9.10%	4.53%	-16.63%	-132.70%
WGO	53 Neutral	$967.05M	-59.16	-1.41%	3.97%	-9.32%	-120.00%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Thor Industries Corporate Events

Thor Industries Announces New $400M Share Buyback Plan

On June 18, 2025, THOR Industries’ Board of Directors retired the existing share repurchase authorization and re-authorized a new plan allowing management to repurchase up to $400 million of the company’s common stock until July 31, 2027. This move reflects THOR’s commitment to enhancing shareholder value, particularly amidst a challenging RV market, and underscores the company’s confidence in its long-term growth potential.

The most recent analyst rating on (THO) stock is a Hold with a $100.00 price target. To see the full list of analyst forecasts on Thor Industries stock, see the THO Stock Forecast page.

Thor Industries Declares Quarterly Cash Dividend

On June 18, 2025, THOR Industries, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.50 per share, payable on July 15, 2025, to shareholders recorded by July 1, 2025. This decision underscores THOR’s commitment to providing consistent returns to its shareholders, reflecting its stable financial performance and reinforcing its position in the recreational vehicle industry.

The most recent analyst rating on (THO) stock is a Hold with a $100.00 price target. To see the full list of analyst forecasts on Thor Industries stock, see the THO Stock Forecast page.

Thor Industries Reports Strong Q3 2025 Financial Results

THOR Industries announced its fiscal 2025 third-quarter results, highlighting a 3.3% increase in net sales compared to the previous year, reaching $2.89 billion. The company achieved a gross profit margin of 15.3% and reported a net income of $135.2 million, reflecting an 18.1% increase from the prior year. Despite challenges in the RV industry, THOR’s strategic initiatives and operational efficiencies resulted in strong performance, with a 9.1% increase in North American Towable RV net sales. The company remains optimistic about its future prospects, reaffirming its full-year fiscal guidance.

The most recent analyst rating on (THO) stock is a Hold with a $100.00 price target. To see the full list of analyst forecasts on Thor Industries stock, see the THO Stock Forecast page.