THO Stock Analysis: Thor Industries | NYSE
Recreational Vehicles | NYSE, USA | Market Cap: 3.744m USD | 12M Return: -32.4% | US8851601018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.1M
EPS Trend: -27.3%
Qual. Beats: 0
Rev. Trend: -74.8%
Qual. Beats: 5
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
THOR Industries, Inc. (NYSE: THO) designs, manufactures, and sells recreational vehicles (RVs) and related parts and accessories across the United States, Germany, the rest of Europe, Canada, and other international markets. Its product portfolio spans travel trailers, fifth wheels, Class A/B/C motorhomes (gasoline and diesel), luxury fifth wheels, motorcaravans, campervans, urban vehicles, and caravans, alongside RV-related products and services. The company also produces aluminum extrusion and specialized component products supplied to RV and other manufacturers, and distributes through independent, non-franchise dealers. Founded in 1980, THOR is headquartered in Elkhart, Indiana, the historical center of U.S. RV manufacturing, and operates as a mid-cap Consumer Discretionary stock in the GICS Automobile Manufacturers sub-industry, making its earnings highly sensitive to consumer confidence, interest rates, and discretionary leisure spending trends.
- RV demand softens as interest rates pressure consumer financing
- European segment margins compressed by weak German RV market
- Dealer inventory destocking weighs on towable shipment volumes
| Net Income: 260.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -4.72 > 1.0 |
| NWC/Revenue: 12.17% < 20% (prev 12.31%; Δ -0.14% < -1%) |
| CFO/TA 0.05 > 3% & CFO 335.7m > Net Income 260.8m |
| Net Debt (614.7m) to EBITDA (636.7m): 0.97 < 3 |
| Current Ratio: 1.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.4m) vs 12m ago -1.93% < -2% |
| Gross Margin: 12.34% > 18% (prev 15.59%; Δ -3.25% > 0.5%) |
| Asset Turnover: 137.1% > 50% (prev 133.8%; Δ 3.35% > 0%) |
| Interest Coverage Ratio: 9.66 > 6 (EBIT TTM 368.4m / Interest Expense TTM 38.1m) |
| A: 0.17 (Total Current Assets 2.89b - Total Current Liabilities 1.69b) / Total Assets 7.15b |
| B: 0.62 (Retained Earnings 4.46b / Total Assets 7.15b) |
| C: 0.05 (EBIT TTM 368.4m / Avg Total Assets 7.16b) |
| D: 1.52 (Book Value of Equity 4.31b / Total Liabilities 2.84b) |
| Altman-Z'' = 5.07 = AAA |
| DSRI: 1.00 (Receivables 879.3m/855.9m, Revenue 9.82b/9.59b) |
| GMI: 1.26 (GM 15.59% / 12.34%) |
| AQI: 1.00 (AQ_t 0.41 / AQ_t-1 0.41) |
| SGI: 1.02 (Revenue 9.82b / 9.59b) |
| TATA: -0.01 (NI 260.8m - CFO 335.7m) / TA 7.15b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of September 15, 2026, the stock is trading at USD 72.86 with a total of 635,951 shares traded. Over the past week, the price has changed by -3.85%, over one month by -10.39%, over three months by -4.38% and over the past year by -32.41%.
Current recommended Stop Loss: 68.60 (which is 5.8% or 1.7 ATR below the current price).
Thor Industries has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold THO.
- StrongBuy: 4
- Buy: 1
- Hold: 12
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 90 | 23.5% |
P/E Trailing = 14.5607
P/E Forward = 16.7785
P/S = 0.3813
P/B = 0.8945
P/EG = 0.7212
Revenue TTM = 9.82b USD
EBIT TTM = 368.4m USD
EBITDA TTM = 636.7m USD
Long Term Debt = 871.4m USD (from longTermDebt, last quarter)
Short Term Debt = 83.0m USD (from shortTermDebt, last quarter)
Debt = 986.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 614.7m USD (calculated: Debt 986.6m - CCE 371.9m)
Enterprise Value = 4.36b USD (3.74b + Debt 986.6m - CCE 371.9m)
Interest Coverage Ratio = 9.66 (Ebit TTM 368.4m / Interest Expense TTM 38.1m)
EV/FCF = 21.83x (Enterprise Value 4.36b / FCF TTM 199.6m)
FCF Yield = 4.58% (FCF TTM 199.6m / Enterprise Value 4.36b)
FCF Margin = 2.03% (FCF TTM 199.6m / Revenue TTM 9.82b)
Net Margin = 2.66% (Net Income TTM 260.8m / Revenue TTM 9.82b)
Gross Margin = 12.34% ((Revenue TTM 9.82b - Cost of Revenue TTM 8.61b) / Revenue TTM)
Gross Margin QoQ = 12.75% (prev 10.51%)
Tobins Q-Ratio = 0.61 (Enterprise Value 4.36b / Total Assets 7.15b)
Interest Expense / Debt = 3.86% (Interest Expense 38.1m / Debt 986.6m)
Taxrate = 21.30% (70.3m / 330.3m)
NOPAT = 290.0m (EBIT 368.4m * (1 - 21.30%))
Current Ratio = 1.71 (Total Current Assets 2.89b / Total Current Liabilities 1.69b)
Debt / Equity = 0.23 (Debt 986.6m / totalStockholderEquity, last quarter 4.31b)
Debt / EBITDA = 0.97 (Net Debt 614.7m / EBITDA 636.7m)
Debt / FCF = 3.08 (Net Debt 614.7m / FCF TTM 199.6m)
Total Stockholder Equity = 4.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.64% (Net Income 260.8m / Total Assets 7.15b)
RoE = 6.06% (Net Income TTM 260.8m / Total Stockholder Equity 4.31b)
RoCE = 7.12% (EBIT 368.4m / Capital Employed (Equity 4.31b + L.T.Debt 871.4m))
RoIC = 5.60% (NOPAT 290.0m / Invested Capital 5.17b)
WACC = 8.62% (E(3.74b)/V(4.73b) * Re(10.09%) + D(986.6m)/V(4.73b) * Rd(3.86%) * (1-Tc(0.21)))
Discount Rate = 10.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.03 | Cagr: -1.04%
[DCF] Terminal Value 72.09% ; FCFF base≈335.2m ; Y1≈294.0m ; Y5≈237.5m
[DCF] Fair Price = 58.30 (EV 3.65b - Net Debt 614.7m = Equity 3.04b / Shares 52.1m; r=8.62% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -27.26 | EPS CAGR: -4.90% | SUE: -0.13 | # QB: 0
Revenue Correlation: -74.81 | Revenue CAGR: -3.78% | SUE: 0.91 | # QB: 5
EPS current Quarter (2026-10-31): EPS=0.59 | Chg30d=-1.23% | Revisions=+0% | Analysts=11
EPS current Year (2026-07-31): EPS=3.51 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=-27.6% | GrowthRev=-1.2%
EPS next Year (2027-07-31): EPS=4.52 | Chg30d=-1.36% | Revisions=-25% | GrowthEPS=+28.8% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -40% (up=0, down=2)