MARKETS / NYSE / Industrials / Transportation equipment / THO

NYSE · MOTOR HOMES · LARGE CAP

Thor Industries Inc. THO

17 fiscal years on record · USD · FY2025 reported · SEC filings only

8 YEARS OF DIVIDEND GROWTH

Revenue

$9.6B

▼ 4.6% YoY

Net income

$258.6M

▼ 2.5% YoY

Free cash flow

$456.3M

▲ 12.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Company manufactures a wide variety of RVs in the United States and Europe, and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. The Company has three reportable segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles reportable segment consists of the aggregated operating segments Airstream (towable), Heartland, Jayco (towable), Keystone and KZ. The North American Motorized Recreational Vehicles reportable segment consists of the aggregated operating segments Airstream (motorized), Jayco (motorized), Thor Motor Coach and the Tiffin Group. The European Recreational Vehicles reportable segment consists solely of the EHG business, and EHG manufactures a full line of motorized and towable recreational vehicles, including motorcaravans, campervans, urban vehicles and caravans, at nine RV production locations within Europe. THOR Industries was founded in 1980.

Written from the business description in THOR INDUSTRIES INC's annual report to the U.S. Securities and Exchange Commission, filed 24 September 2025. Every sentence was checked against that document before publication.

Growth

USD 9.6B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 9.6 · Net income 0.3

10B20B

2009201220152018202120242025

Compound annual growth

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%

Returned to shareholders

−31.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +3.2% a year over the five years to FY2025 — but profit grew slower: net income at +3.0%, earnings per share at +3.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 3.1% · Net 2.7%

200920172025

ROE

FY2025 · ROE 6.2%

10%20%30%

200920172025

Three returns, three denominators.

Return on equity6.2%

Return on assets3.6%

Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Gross margin14.0%

Operating margin3.1%

Net margin2.7%

EBITDAUSD 567.4M

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

Cash & shareholders

USD 52.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 456.3

300M600M

200920172025

Net buybacks $M Dividends $M

FY2025 · Dividends · · Net buybacks 52.6

100M200MDividendsNet buybacks

200920112013201520172019202120232025

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.

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.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

THO, 17-year financial record
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
Free cash flow $B	0.5	0.4	0.8	0.7	0.4	0.4	0.4	0.3	0.3	0.3	0.2	0.1	0.1	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	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityMotor Homes

Listed onNYSE

Incorporated inDelaware

Fiscal year endsJuly 31

Data on record since2009

Thor Industries Inc. THO

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 17-year record

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders