MARKETS / NYSE / THO
NYSE · MOTOR HOMES · LARGE CAP

Thor Industries, Inc. THO

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY8 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$9.6B
▼ 4.6% vs FY2024
Dividend streak
8 yrs
Raised every year since 2018
EPS · FY25
$4.84
Dividend / sh · FY25
$2.00
Payout · FY25
ROE · FY25
6.2%
Net margin · FY25
2.7%
Dividend coverage
2.4×
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Result
USD 9.6B
Revenue, FY2025 · full 17-year series below
Revenue Net income
51015209.60.32009201220152018202120242025
51015209.60.32016201920222025

3 cents of every revenue dollar became profit this year.

Per share
USD 4.84
Diluted EPS, FY2025
EPS Dividend
816242.004.842009201220152018202120242025
816242.004.842016201920222025

Earnings covered the dividend 2.4 times — the rest stayed in the company.

Profitability
6.2%
Return on equity, FY2025
ROE
102030406.2%2009201220152018202120242025
102030406.2%2016201920222025
Operating margin3.1%
Net margin2.7%
Return on assets3.7%

Each USD of equity produced 6 cents of profit this year.

Returned to shareholders
USD 52.6M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 52.6M
Share of profit20.4%
Consecutive raises8 years

USD 52.6M in buybacks — 20% of the year's profit went back to shareholders.

Growth
+3.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−16.3%
+3.2%
+9.1%
+10.1%
Net income
−39.0%
+3.0%
+2.6%
+5.9%
EPS, diluted
−38.3%
+3.8%
+2.6%
+5.8%
Dividend / share
+5.2%
+4.6%
+6.5%
Returned to shareholders
−31.7%
−7.7%
−7.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 7.1B
total assets, end of FY2025
Total assetsUSD 7.1B
EquityUSD 4.3B
CashUSD 586.6M
Gross debtUSD 923.0M
Net debtUSD 336.4M
Current ratio1.75×

Net debt stands at 8% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
9.6
10.0
11.1
16.3
12.3
8.2
7.9
8.3
7.2
4.6
4.0
3.5
3.2
2.6
2.8
2.3
1.5
Operating income $B
0.3
0.3
0.5
1.5
0.8
0.3
0.2
0.6
0.6
0.4
0.3
0.3
0.2
0.2
0.1
·
·
EBITDA $B
0.6
0.6
0.8
1.7
1.1
0.5
0.3
0.7
0.7
0.4
0.3
0.3
0.2
0.2
0.2
·
·
Income tax $B
0.0
0.1
0.1
0.3
0.2
0.1
0.1
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.0
0.1
0.0
Net income $B
0.3
0.3
0.4
1.1
0.7
0.2
0.1
0.4
0.4
0.3
0.2
0.2
0.2
0.1
0.1
0.1
0.0
EPS, diluted $
4.84
4.94
6.95
20.59
11.85
4.02
2.47
8.14
7.09
4.88
3.74
3.35
2.88
2.26
1.92
2.07
0.31
Dividend / sh $
2.00
1.92
1.80
1.72
1.64
1.60
1.56
1.48
1.32
·
·
·
·
·
0.40
0.78
0.28
Payout %
·
·
·
·
·
·
63
18
19
25
29
27
25
27
21
39
91
ROE %
6.2
6.6
9.9
34.9
25.2
10.1
6.6
24.5
26.3
22.0
19.5
19.1
17.5
14.4
14.2
16.7
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
66 of 66
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed