YouTube · Q1 FY2027 · 2026-05-28
THO · NYSE
THOR Industries, Inc.
Recreational Vehicles · United States
USD 79.497.6% daily changeQuote 2026-11-02 · USD
- Market cap (USD)
- US$4.10B
- Trailing P/E
- 21.84x
- Forward P/E
- 16.57x
- Quarterly revenue growth
- -8.4%
- Trailing net margin
- 1.8%
- Indicated dividend yield
- 2.7%
Snapshot 2026-11-03 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-12-08 (provider estimate; issuer confirmation unavailable here).
Company background
THOR Industries, Inc. manufactures and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally. It operates through three segments: North American Towable Recreational Vehicles; North American Motorized Recreational Vehicles; and European Recreational Vehicles. The company offers travel trailers and motorhomes; Class A, Class C and Class B motorhomes; and fifth wheels under the Airstream Classic, Globetrotter, International, Tradewind, Flying Cloud, Caravel, Bambi, World Traveler, Basecamp, Interstate, Atlas, Rangeline, Jay Flight, Jay Feather, Eagle, Pinnacle, Colt, Range Lite, 3X, Prowler, North Trail, Big Horn, Odyssey, Esteem, Emblem, Insignia, Montana, Springdale, Hideout, Sprinter, Arcadia, Bullet, Fuzion, Raptor, Reign, Passport, Sprout, Cougar, Coleman, Kodiak, Aspen Trail, Astoria, Voltage, Colorado, Sunset Trail, Zinger, Redwood, Classic, Sportsmen, Connect, Ridgeway, Durango, Durango Gold, Sportster X, Sienna, Sonic, Stratus, and SportTrek brands. It also provides gasoline and diesel Class A products under the ACE, Resonate, Hurricane, Windsport, Outlaw, Indigo, Luminate, Vegas, Axis, Rize, Scope, Sequence, Tellaro, Palladium, Talavera, Sanctuary, Tranquility, Four Winds, Chateau, Compass, Gemini, Magnitude, Omni, Inception, Pasadena, Inception HD, Pasadena SV, Palazzo, Riviera, Aria, Allegro, Allegro Bay, Allegro Breeze, Allegro Bus, Allegro Red, Byway, GH1, GH2, GT1, GT2, Midas, Open Trail, Phaeton, Wayfarer, and Zephyr. In addition, the company offers recreational vehicles; and motorized and towable recreational vehicles, including motorcaravans, campervans, urban vehicles, and caravan. Further, it sells RV-related products; and manufactures and sells aluminum extrusions and specialized component products. The company sells its products to independent and non-franchise dealers. THOR Industries, Inc. was founded in 1980 and is based in Elkhart, Indiana.
Company websiteQ4 FY2026
Go beyond the headline.
THO Stock: A $100M Savings Promise Meets a Cash-Flow Reset — Q4 FY2026
Published 2026-09-22
Q4 FY2026 REPORT HIGHLIGHTS
What’s changed for THO
THOR’s channel inventory improved, but free cash flow fell sharply; we value the gradual recovery near $70 and test the savings promise against actual margins.
Margins, not just volume, broke lower.
Q4 sales fell 8.4%, while gross margin lost 230 basis points.
Cash returns need context.
Annual dividends and buybacks exceeded $168.8M free cash flow by $55.1M.
The channel is healthier.
North American dealer inventory fell to roughly 64,000 units; company-owned inventory still increased.
Savings are not next-year guidance.
Management expects over $100M annual earnings improvement once fully implemented, with timing still under review.
Valuation needs evidence.
Our $70 base and $68.50 weighted value assume gradual recovery; the saved $69.94 quote predates the print.
Comparable businesses
THO peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | THOTHOR Industries, Inc.Snapshot 2026-11-03Financial period: 2026-07-31 | DOOBRP Inc.Snapshot 2026-11-03Financial period: 2026-07-31 | MBUUMalibu Boats, Inc.Snapshot 2026-11-03Financial period: 2026-06-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$4.10B | US$4.49B | US$486.24M |
| Forward P/EProvider forward earnings estimate | 16.57x | 16.10x | 8.00x |
| EV / EBITDAEnterprise value / trailing EBITDA | 9.77x | — | 8.60x |
| Revenue growthLatest quarter vs prior-year quarter | -8.4% | 18.5% | 42.7% |
| Operating marginLatest reported quarter | 2.2% | -2.4% | 5.8% |
| Free cash flow yieldTrailing cash flow / market cap | 3.4% | — | 13.7% |
| Net debt / EBITDANet debt / trailing EBITDA | 0.92x | 2.43x | 1.49x |
| Debt / equityTotal debt / positive book equity | 0.21x | 8.95x | 0.33x |
| Trailing P/ETrailing twelve-month earnings | 21.84x | 53.97x | 274.56x |
| Price / bookPrice / positive book equity per share | 0.96x | 19.30x | 0.93x |
| EV / salesEnterprise value / trailing revenue | 0.47x | — | 0.65x |
| Earnings growthLatest quarter vs prior-year quarter | -66.5% | — | 52.0% |
| Gross marginTrailing twelve months | 12.6% | 20.6% | 16.4% |
| Net marginTrailing twelve months | 1.8% | 1.2% | 0.2% |
| Return on equityProvider trailing return; positive equity only | 4.1% | 27.2% | 0.3% |
| Free cash flow marginTrailing free cash flow / revenue | 1.5% | 11.0% | 7.3% |
| Dividend yieldIndicated annual dividend / price | 2.7% | 1.1% | — |
| Earnings payoutProvider trailing dividend payout | 61.5% | 59.2% | 0.0% |
| Current ratioCurrent assets / current liabilities | 1.77x | 1.19x | 1.43x |
| BetaProvider historical market sensitivity | 1.54 | 1.14 | 1.21 |
YouTube · Q1 FY2027 · 2026-05-28
YouTube · Q4 FY2026 · 2026-08-28
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-11-03. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for THO
Q4 FY20262026-09-22
FREE RESEARCH PACKET · Q4 FY2026
THO: A $100M Savings Promise Meets a Cash-Flow Reset
THOR’s channel inventory improved, but free cash flow fell sharply; we value the gradual recovery near $70 and test the savings promise against actual margins.
Research published September 22, 2026 · Download original report
Read Research PacketTHO Stock: A $100M Savings Promise Meets a Cash-Flow Reset — Q4 FY2026
Presentation · 2026-09-22 · YouTube
Q3 FY20262026-06-03
THO Stock: Revenue BEAT But EPS Guide CUT Q3 FY2026
Presentation · 2026-06-03 · YouTube