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Price from Oct 29, 2026Financials updated Oct 22, 2026
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THO · Price history
Price at last available close
$71.06
+$0.90 (+1.28%) 1M
2026-10-28
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Primary reporting period: 2026-07-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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 extensive selection of RVs, including various travel trailers (from conventional models to luxury fifth wheels) and gasoline or diesel-powered Class A, Class B, and Class C motorhomes.
How they make money
Thor Industries generates revenue primarily through the design, manufacture, and sale of recreational vehicles (RVs) to independent dealers. The company operates through a network of subsidiaries that produce a wide range of towable and motorized RVs, which are then sold to dealers who subsequently retail them to end consumers. Profitability is driven by manufacturing efficiency, brand strength, and the ability to manage production costs and inventory levels in response to consumer demand cycles.
Products & services
The company manufactures and sells a diverse portfolio of recreational vehicles, including travel trailers, fifth wheels, toy haulers, camping trailers, motorhomes (Class A, B, and C), and camper vans.
Brands & revenue mix
Airstream
Premium travel trailer and motorhome brand.
Separate brand revenue is not available in this research.Source
Jayco
Manufacturer of towable and motorized RVs.
Separate brand revenue is not available in this research.Source
Keystone RV
Manufacturer of towable RVs.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company sells its products to a network of independent dealers and does not rely on any single customer for a significant portion of its total revenue as of the fiscal year ended July 31, 2026.
Suppliers, materials & equipment
Chassis manufacturers — Various automotive companies that supply chassis for motorized recreational vehicles.Source
Competitors
Forest River, Inc. — A major manufacturer of recreational vehicles, cargo trailers, and buses that competes across multiple RV product categories.Source
Winnebago Industries, Inc. — A manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and fifth-wheel products.Source
Strengths
Leading market position in North America and EuropeSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-07-31.
Quarterly EPS fell 67.4% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
37
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
51
Fair
Financial Strength
72
Business Quality / Moat
21
Management
65
Growth Quality
25
Risk / Durability
74
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
22
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
31/100
Building Historical Record
Model Score 31/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
•Recent buyback activity is present
What to watch
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for THO
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can THO maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is THO's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Does THO's balance between cash and debt leave enough flexibility if business conditions weaken?
•What future growth or profitability would be needed to justify THO's current valuation?
•What does the current fundamental change risk warning mean for the reliability or interpretation of THO's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for THO
Detected from reported data — verify before acting.
Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on THO.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Leading market position in North America and Europe.
+Diverse portfolio of well-recognized brands.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Auto - Recreational Vehicles industry.
−Cyclical nature of the RV industry and sensitivity to economic conditions.
−Dependence on third-party chassis suppliers for motorized RV production.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak37/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Elite
93
Debt Cost4.2%
Debt Reduction YoY6.0%
Debt / Equity0.20x
Tap for breakdown →
Revenue
Poor
26
Revenue YoY0.0%
Revenue CAGR-2.2%
Net Margin1.8%
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Asset
Fair
55
Asset Growth YoY-1.5%
Liquidation/Share$81.05
Net Assets/MCap1.79x
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Capital
Poor
39
Earnings Yield5.2%
Buyback Yield2.0%
Debt Cost4.2%
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Management
Fair
65
ROIC3.1%
ROE4.2%
ROA2.6%
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Moat
Poor
21
EPS Growth-14.6%
FCF/Share Growth-26.4%
Rev/Share Growth1.0%
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Valuation
Poor
22
Intrinsic Value$28.82
Value Reference$17.29
MOS-146.6%
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Buffett
Fair
52
Revenue26
Moat21
Valuation22
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MOS
Poor
0
MOS %-146.6%
Value Reference$17.29
Deep Discount Reference$11.53
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Financial
Poor
23
Interest Coverage5.4x
ROIC3.1%
FCF Yield5.0%
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Master
Poor
31
Financial23
Valuation22
Debt93
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Resilience
Fair
50
Survival Years0.6 yrs
Current Ratio1.77x
FCF Margin1.8%
Tap for breakdown →
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Score Changes
6 historical score records available
Previous Score
36
Oct 1, 2026
Change
+0.8
points
Current Score
37
Oct 22, 2026
Category Changes
Revenue+0.4
Debt0
Assets0
Capital+3.0
Management0
Moat0
Valuation+5.9
Buffett+0.6
THO increased 0.8 points because Capital improved by 3 points, Valuation improved by 5.9 points.
Positive Contributors
+ Capital improved by 3 points
+ Valuation improved by 5.9 points
Projected Score
Projected Score
29
Projected Change
-7.2 points
Preliminary comparable-period financial changes suggest decline of approximately 7.2 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$9.61B
$9.61B
$9.58B
$10.04B
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Cost of Revenue
$8.40B
$8.40B
$8.38B
$8.46B
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Gross Profit
$1.21B
$1.21B
$1.20B
$1.59B
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Research & Development
$0.00
$0.00
$48.6M
$49.4M
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SG&A Expenses
$903.4M
$903.4M
$848.5M
$821.9M
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Operating Expenses
$1.02B
$1.02B
$897.1M
$1.16B
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EBITDA
$541.9M
$541.9M
$615.8M
$714.7M
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Operating Income
$197.1M
$197.1M
$299.6M
$424.8M
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Interest Expense
$36.8M
$36.8M
$48.4M
$88.7M
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Income Before Tax
$238.7M
$238.7M
$296.2M
$348.8M
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Income Tax Expense
$64.1M
$64.1M
$39.6M
$83.4M
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Net Income
$177.5M
$177.5M
$258.6M
$265.3M
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Basic EPS
$3.39
$3.39
$4.87
$4.98
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Basic Shares
52.37M
52.37M
53.09M
53.25M
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Diluted Shares
52.56M
52.56M
53.40M
53.69M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Debt reduced
What Weakened
Margins contracted
Cash position declined
Potential Score Impact
Positive indicators included debt levels. Pressure indicators included revenue growth, EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 8.4%. EPS declined 67.4%. Cash declined 17.8%. Total debt declined 6.0%. Net income margin declined by 3.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
$———.——
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10 Years
$———.——
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Conservative Projection Rate
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Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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