Thor Industries, Inc. (THO)
NYSE:THO
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Thor Industries
(NYSE:THO)
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Rating:56Neutral
Price Target:
$82.00
▲(1.80% Upside)
Action:Reiterated
Date:06/04/26
The score is driven primarily by weakened operating performance (multi-year revenue declines and margin compression) despite a much stronger balance sheet. Technicals are mildly supportive in the near term, valuation/dividend are reasonable, but the recent EPS guidance cut is a notable near-term headwind.
Positive Factors
Balance sheet strength
Thor’s near-zero debt-to-equity and materially improved leverage reduce financial distress risk and give durable flexibility. This stronger capital structure supports investment in operations, supplier relationships and steady capital returns through the RV cycle.
Negative Factors
Multi-year revenue decline & margin squeeze
Persistent revenue declines and steep margin compression materially lower operating leverage and earnings power. Reduced gross and EBITDA margins constrain free cash flow and ROE recovery, making sustained profitability dependent on structural cost or product‑mix improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Thor’s near-zero debt-to-equity and materially improved leverage reduce financial distress risk and give durable flexibility. This stronger capital structure supports investment in operations, supplier relationships and steady capital returns through the RV cycle.
Read all positive factors
Thor Industries (THO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.20B
Dividend Yield1.94%
Average Volume (3M)681.70K
Price to Earnings (P/E)14.9
Beta (1Y)1.07
Revenue Growth2.40%
EPS Growth18.91%
CountryUS
Employees22,300
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)4.98
Shares Outstanding52,595,932
10 Day Avg. Volume796,828
30 Day Avg. Volume681,696
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 Cap1.17
Enterprise Value/Revenue0.50
Enterprise Value/Gross Profit4.05
Enterprise Value/Ebitda10.04
Forecast
1Y Price Target
$92.00Price Target Upside14.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.76
Revenue Forecast (FY)$9.50B
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
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 | 489.04M | 570.83M | 701.99M | 861.96M | 1.82B | 1.14B |
| 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 | 2.87M | 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
77.53
Negative
89.90
Negative
96.81
Negative
Market Momentum
-0.21
Negative
45.95
Neutral
58.78
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 76.41, above the 50-day MA of 77.53, and below the 200-day MA of 96.81, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 45.95 is Neutral, neither overbought nor oversold. The STOCH value of 58.78 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $2.33B | 11.33 | 14.69% | 3.72% | 9.12% | 34.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $5.36B | -38.64 | -8.07% | 2.27% | 8.35% | -271.39% | |
61 Neutral | $3.92B | -8.50 | -45.60% | 3.99% | 4.30% | -1186.05% | |
56 Neutral | $4.20B | 14.90 | 7.01% | 1.94% | 2.40% | 18.91% | |
56 Neutral | $2.56B | 11.69 | 7.04% | 3.47% | -9.82% | -33.48% | |
55 Neutral | $794.83M | 18.78 | 3.39% | 3.42% | 5.81% | ― |
* Consumer Cyclical Sector Average
THO
Thor Industries
75.70
-8.96
-10.59%
BC
Brunswick
80.40
25.46
46.35%
LCII
LCI Industries
94.26
8.61
10.05%
HOG
Harley-Davidson
24.49
0.54
2.25%
PII
Polaris
66.06
26.74
68.00%
WGO
Winnebago Industries
27.70
-4.01
-12.64%
Thor Industries Corporate Events
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.