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TH

THOR Industries, Inc.

THOConsumer CyclicalNASDAQ

Recreational Vehicles

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Financials · Annual
Revenue
$9.58B
-4.6% YoY
Net Income
$258.6M
-2.5% YoY
EBITDA
$615.8M
-13.8% YoY
Free Cash Flow
$124.7M

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About THOR Industries, Inc.

THOR Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally. Valued at $4.16B, THO is a mid-cap name in its sector. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; conventional motorhomes; luxury fifth wheels; and motorcaravans, campervans, urban vehicles, and caravans, as well as other RV-related products and services.

Key stats
Market Cap$4.16B
P/E (TTM)14.05
Fwd P/E14.21
EPS$5.63
Beta1.34
52W Change-0.2%
Dividend Yield2.63%
ROE7.2%
Analysis

The company holds $242.2M in cash, though total debt stands at $924.8M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $124.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 7.2%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.2% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $16.31B (2022) to $9.58B (2025), a 41% decline worth watching.

As with any equity investment, THO carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence THOR Industries, Inc.'s trajectory.

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