Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Thor Industries, Inc.

THONYSE
Wall Street Score · overall investment37/100
$71.06USD+$0.62 (+0.88%)
Company website www.thorindustries.com
Headquarters2900 Independence Court, Elkhart, IN, 46514-8155, US
Financial statement currencyUSD · no FX conversion applied
Consumer Cyclical · Auto - Recreational Vehicles
Price from Oct 29, 2026Financials updated Oct 22, 2026

THO · Price history

Price at last available close

$71.06

+$0.90 (+1.28%) 1M

2026-10-28

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Company & revenue

About Thor Industries, Inc.

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.

Customer types

Customer concentration

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
  • Diverse portfolio of well-recognized brandsSource

Risks

  • Cyclical nature of the RV industry and sensitivity to economic conditionsSource
  • Dependence on third-party chassis suppliers for motorized RV productionSource

Financial risk observations and what to check

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.

Click for full breakdown →

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?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

37

0–100 · Weak

Opportunity Score

22

0–100 · Poor

Market Cap

$3.67B

P/E Ratio

19.5

EPS

$3.39

52-Week High

$122.83

52-Week Low

$62.83

Beta

1.42

Intrinsic Value

$28.82

Analyst Target

$91.00

Shares Outstanding

52.6M

Total Revenue

$9.61B

Total Debt

$868.0M

Reported Dividend Yield

3.19%

View dividend history

Liquidation Value / Share

$81.05

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
60/ 100
+26 pts / 5d

Neutral / mixed momentum

5D +7.0% · 20D +2.8% · RSI 63 · Price vs 20D avg +5.0%
Volatility
40/ 100
+7 pts / 5d

Normal movement

20D realized vol 43.3% · 60D 35.8% · Acceleration 1.21x
Momentum = Where is it going?

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+)

Poor

37

Tap for breakdown →

Elite

93

Debt Cost4.2%
Debt Reduction YoY6.0%
Debt / Equity0.20x

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Poor

26

Revenue YoY0.0%
Revenue CAGR-2.2%
Net Margin1.8%

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Fair

55

Asset Growth YoY-1.5%
Liquidation/Share$81.05
Net Assets/MCap1.79x

Tap for breakdown →

Poor

39

Earnings Yield5.2%
Buyback Yield2.0%
Debt Cost4.2%

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Fair

65

ROIC3.1%
ROE4.2%
ROA2.6%

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Poor

21

EPS Growth-14.6%
FCF/Share Growth-26.4%
Rev/Share Growth1.0%

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Poor

22

Intrinsic Value$28.82
Value Reference$17.29
MOS-146.6%

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Fair

52

Revenue26
Moat21
Valuation22

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Poor

0

MOS %-146.6%
Value Reference$17.29
Deep Discount Reference$11.53

Tap for breakdown →

Poor

23

Interest Coverage5.4x
ROIC3.1%
FCF Yield5.0%

Tap for breakdown →

Poor

31

Financial23
Valuation22
Debt93

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Fair

50

Survival Years0.6 yrs
Current Ratio1.77x
FCF Margin1.8%

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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.

Price vs. Value

Overvalued

Current Price

$71.06

Model Intrinsic Value

$28.82

Difference

+$42.25

+146.6% vs IV

Margin of Safety

-146.6%

UndervaluedFair ValueOvervalued
Value Reference: $17.29
Deep Discount Reference: $11.53

Financial Charts

Revenue

201520162017201820192020202120222023202420252026$0$4.5B$9.0B$13.5B$18.0B

Additional Metrics

Operating Cash Flow

201620182020202220242026$0$250M$500M$750M$1.0B

Total Debt

201620182020202220242026$0$500M$1.0B$1.5B$2.0B

Total Assets

201620182020202220242026$0$2.0B$4.0B$6.0B$8.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

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 ItemTTM2026202520242023202220212020201920182017
Revenue$9.61B$9.61B$9.58B$10.04B····························
Cost of Revenue$8.40B$8.40B$8.38B$8.46B····························
Gross Profit$1.21B$1.21B$1.20B$1.59B····························
Research & Development$0.00$0.00$48.6M$49.4M····························
SG&A Expenses$903.4M$903.4M$848.5M$821.9M····························
Operating Expenses$1.02B$1.02B$897.1M$1.16B····························
EBITDA$541.9M$541.9M$615.8M$714.7M····························
Operating Income$197.1M$197.1M$299.6M$424.8M····························
Interest Expense$36.8M$36.8M$48.4M$88.7M····························
Income Before Tax$238.7M$238.7M$296.2M$348.8M····························
Income Tax Expense$64.1M$64.1M$39.6M$83.4M····························
Net Income$177.5M$177.5M$258.6M$265.3M····························
Basic EPS$3.39$3.39$4.87$4.98····························
Basic Shares52.37M52.37M53.09M53.25M····························
Diluted Shares52.56M52.56M53.40M53.69M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Dec 2, 2026
Estimated EPS: $0.17Estimated revenue: $2.27B
Jul 31, 2026Q4FY2026

Revenue

$2.31B

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.77

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-6.0%

Cash Change

-17.8%

Margin Change

-3.1 pp

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.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 89 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

41

Smart Money

41

Number of Gurus

1

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

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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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

6 historical records
Jul 24, 26Sep 23, 26Sep 25, 26Sep 26, 26Oct 1, 26Oct 22, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Debt Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Revenue Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Asset Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Capital Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Management Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Moat Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Valuation Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Buffett Score

Sep 26, 26Oct 1, 26Oct 22, 260255075100

Intrinsic Value

Sep 26, 26Oct 1, 26Oct 22, 26$26.00$27.00$28.00$29.00$30.00

Value Reference

Sep 26, 26Oct 1, 26Oct 22, 26$15.00$16.00$17.00$18.00$19.00

Margin of Safety %

Sep 26, 26Oct 1, 26Oct 22, 26-3.0%-2.0%-1.0%0.0%1.0%

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News

Rumor Mill · THO

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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