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Thor Industries Inc THO

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Stock XNYS Rating as of
$69.55 +0.50 (0.72%)
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As of Delayed Price Post-Trading: $68.66 −0.89

Company Report

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Thor Is Centralizing Its Long Decentralized RV Operations

David Whiston

Founded in 1980 via the acquisition of Airstream, Thor Industries has grown to become the world’s largest recreational vehicle manufacturer. The company manufactures and sells a wide array of vehicles through three segments: North American towables, North American motorized, and Europe. Additionally, the company sells aftermarket component parts and digital solutions that are classified within its other segment. For fiscal 2026, the company generated 33% of revenue from North American towables, 26% of sales from the North American motorized segment, 34% of sales from Europe, and the remaining from parts.

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Price vs Fair Value

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THO is trading at a LOCK|%KvM#CJ premium.
Price
$69.05
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Thor has positioned itself as the largest RV manufacturer in North America and Europe, which should disproportionately benefit the company as the industry returns to growth.

Bears

Thor operates over 30 RV brands across North America and Europe. We believe this has driven some brand dilution, affecting margins.

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News

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Trading Information

Previous Close Price
$69.05
Day Range
$69.04–70.52
52-Week Range
$67.31–122.83
Bid/Ask
$67.98 / $78.03
Shares Outstanding
51.61M
Market Cap
$3.59B
Volume/Avg
665,595 / 682,873

Key Statistics

Price/Earnings (Normalized)
22.54
Price/Sales
0.38
Dividend Yield (Trailing)
3.01%
Dividend Yield (Forward)
3.01%
Dividend Payment Schedule
Jan, Apr, Jul, Nov
Total Yield
6.24%

Company Profile

Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021, which is about 10% of sales. In fiscal 2026, the company wholesaled 159,956 units and generated $9.6 billion in revenue.
Sector
Consumer Cyclical
Industry
Recreational Vehicles
Stock Style Box
Small Value
Total Number of Employees
19,500
Website
https://www.thorindustries.com

Competitors

Valuation

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Metric
THO
BRK.B
WGO
Price/Earnings (Normalized)
 22.5412.5813.05
Price/Book Value
 0.841.440.60
Price/Sales
 0.382.460.26
Price/Cash Flow
 8.0126.535.58
Price/Earnings
THO
BRK.B
WGO

Financial Strength

Metric
THO
BRK.B
WGO
Quick Ratio
 0.76—0.81
Current Ratio
 1.77—2.37
Interest Coverage
 7.4821.592.97
Quick Ratio
THO
BRK.B
WGO

Profitability

Metric
THO
BRK.B
WGO
Return on Assets (Normalized)
 2.28%7.02%2.65%
Return on Equity (Normalized)
 3.74%12.09%4.54%
Return on Invested Capital (Normalized)
 3.62%10.72%4.26%
Return on Assets
THO
BRK.B
WGO

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