For fiscal 2026 (ended Jul 31, 2026), Thor Industries Inc. reported $9.61B of revenue and $177.54M of net income.
THO revenue was $2.31B in fiscal Q4 2026 (ended Jul 31, 2026), down 8.4% from a year earlier and down 16.9% from the prior quarter. For the full fiscal 2026 it was $9.61B, up 0.3% from fiscal 2025. Compound annual growth was -4.8% over 5 years and +7.7% over 10 years. It rose in 6 of the last 10 fiscal years.
THO net income was $40.84M in fiscal Q4 2026 (ended Jul 31, 2026), down 67.5% from a year earlier and down 58.0% from the prior quarter. For the full fiscal 2026 it was $177.54M, down 31.3% from fiscal 2025. Compound annual growth was -23.1% over 5 years and -3.6% over 10 years. It rose in 5 of the last 10 fiscal years.
THO diluted EPS was $0.77 in fiscal Q4 2026 (ended Jul 31, 2026), down 67.2% from a year earlier and down 58.6% from the prior quarter. For the full fiscal 2026 it was $3.38, down 30.2% from fiscal 2025. Compound annual growth was -22.2% over 5 years and -3.6% over 10 years.
THO free cash flow was -$145.21M in fiscal Q2 2026 (ended Jan 31, 2026), compared with $5.84M a year earlier. For the full fiscal 2025 it was $456.31M, up 12.4% from fiscal 2024. Compound annual growth was +1.0% over 5 years and +8.3% over 10 years. It rose in 8 of the last 10 fiscal years.
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.61B | $9.58B | $10.04B | $11.12B | $16.31B | $12.32B | $8.17B | $7.86B | $8.33B | $7.25B |
| Cost of revenue | $8.40B | $8.24B | $8.59B | $9.53B | $13.51B | $10.42B | $7.05B | $6.89B | $7.16B | $6.20B |
| Gross profit | $1.21B | $1.34B | $1.45B | $1.60B | $2.81B | $1.89B | $1.12B | $973.09M | $1.16B | $1.04B |
| Research and development | $41.58M | $48.58M | $49.38M | - | - | - | - | $9.38M | $2.01M | $2.58M |
| Selling, general and admin | $903.40M | $922.55M | $895.53M | $870.05M | $1.12B | $869.92M | $634.12M | $536.04M | $477.44M | $419.85M |
| Interest expense | - | - | - | $97.45M | $90.09M | $93.55M | $107.32M | $68.11M | $5.19M | $9.73M |
| Pre-tax income | $238.72M | $296.19M | $348.84M | $499.35M | $1.46B | $844.58M | $272.90M | $184.67M | $633.03M | $556.39M |
| Income tax | $64.07M | $39.60M | $83.44M | $125.11M | $321.62M | $183.71M | $51.51M | $52.20M | $202.88M | $182.13M |
| Net income | $177.54M | $258.56M | $265.31M | $374.27M | $1.14B | $659.87M | $222.97M | $133.28M | $430.15M | $374.25M |
| EPS, basic | $3.39 | $4.87 | $4.98 | $7.00 | $20.67 | $11.93 | $4.04 | $2.47 | $8.17 | $7.12 |
| EPS, diluted | $3.38 | $4.84 | $4.94 | $6.95 | $20.59 | $11.85 | $4.02 | $2.47 | $8.14 | $7.09 |
| Diluted shares | 52.6M | 53.4M | 53.7M | 53.9M | 55.3M | 55.7M | 55.4M | 54.0M | 52.9M | 52.8M |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $481.99M | $586.60M | $501.32M | $441.23M | $311.55M | $448.71M | $541.36M | $451.26M | $275.25M | $223.26M |
| Receivables | $486.75M | $541.71M | $502.30M | $543.87M | $848.81M | $796.49M | $588.07M | $478.53M | $467.49M | $453.75M |
| Inventory | $1.42B | $1.35B | $1.37B | $1.65B | $1.75B | $1.37B | $716.30M | $827.99M | $537.91M | $460.49M |
| Current assets | $2.74B | $2.78B | $2.65B | $2.79B | $3.06B | $2.80B | $2.10B | $2.04B | $1.31B | $1.18B |
| Goodwill | $1.92B | $1.84B | $1.79B | $1.80B | $1.80B | $1.56B | $1.48B | $1.36B | $377.69M | $377.69M |
| Total assets | $6.96B | $7.07B | $7.02B | $7.26B | $7.41B | $6.65B | $5.77B | $5.66B | $2.78B | $2.56B |
| Current liabilities | $1.55B | $1.58B | $1.57B | $1.72B | $1.76B | $1.79B | $1.52B | $1.45B | $769.33M | $781.05M |
| Short-term debt | $2.81M | $3.37M | $32.65M | $11.37M | $13.19M | $12.41M | $13.82M | $17.37M | - | - |
| Long-term debt | $865.14M | $919.61M | $1.10B | $1.29B | $1.75B | $1.59B | $1.65B | $1.89B | - | - |
| Total debt | $867.96M | $922.98M | $1.13B | $1.30B | $1.77B | $1.61B | $1.67B | $1.90B | - | - |
| Total liabilities | $2.70B | $2.78B | $2.95B | $3.28B | $3.81B | $3.71B | $3.43B | $3.57B | $840.92M | $981.39M |
| Shareholders' equity | $4.26B | $4.29B | $4.07B | $3.98B | $3.60B | $2.95B | $2.35B | $2.10B | $1.94B | $1.58B |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $321.22M | $577.92M | $545.55M | $981.63M | $990.12M | $526.48M | $540.94M | $508.02M | $466.51M | $419.33M |
| Capital expenditures | - | $121.62M | $139.62M | $208.91M | $240.56M | $131.68M | $105.82M | $127.25M | $137.31M | $117.75M |
| Free cash flow | - | $456.31M | $405.93M | $772.73M | $749.55M | $394.80M | $435.12M | $380.77M | $329.20M | $301.58M |
| Investing cash flow | -$125.44M | -$64.47M | -$146.81M | -$222.48M | -$1.05B | -$428.49M | -$84.25M | -$1.87B | -$183.49M | -$116.66M |
| Financing cash flow | -$296.62M | -$426.31M | -$337.68M | -$635.68M | -$47.84M | -$188.44M | -$392.92M | $1.54B | -$231.02M | -$289.32M |
| Dividends paid | - | - | - | - | - | - | - | $84.14M | $77.99M | $69.41M |
| Share repurchases | $115.13M | $52.65M | $68.39M | $42.01M | $165.11M | $0 | $0 | - | - | - |
| Stock-based compensation | $26.58M | $30.87M | $37.90M | $39.51M | $31.42M | $30.51M | $19.89M | $18.95M | $17.00M | $12.50M |
| Depreciation and amortization | $266.36M | $271.21M | $277.14M | $276.93M | $284.45M | $230.58M | $196.17M | $148.78M | $93.22M | $98.26M |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 0.3% | -4.6% | -9.7% | -31.8% | 32.4% | 50.8% | 3.9% | -5.6% | 14.9% | 58.2% |
| Net income growth, YoY | -31.3% | -2.5% | -29.1% | -67.1% | 72.4% | 195.9% | 67.3% | -69.0% | 14.9% | 45.9% |
| EPS growth, YoY | -30.2% | -2.0% | -28.9% | -66.2% | 73.8% | 194.8% | 62.8% | -69.7% | 14.8% | 45.3% |
| Gross margin | 12.6% | 14.0% | 14.5% | 14.4% | 17.2% | 15.4% | 13.7% | 12.4% | 14.0% | 14.4% |
| Net margin | 1.8% | 2.7% | 2.6% | 3.4% | 7.0% | 5.4% | 2.7% | 1.7% | 5.2% | 5.2% |
| Free cash flow margin | - | 4.8% | 4.0% | 6.9% | 4.6% | 3.2% | 5.3% | 4.8% | 4.0% | 4.2% |
| Return on equity | 4.2% | 6.0% | 6.5% | 9.4% | 31.6% | 22.4% | 9.5% | 6.4% | 22.2% | 23.7% |
| Return on assets | 2.6% | 3.7% | 3.8% | 5.2% | 15.4% | 9.9% | 3.9% | 2.4% | 15.5% | 14.6% |
| Current ratio | 1.77 | 1.75 | 1.69 | 1.63 | 1.74 | 1.56 | 1.39 | 1.41 | 1.70 | 1.51 |
| Debt to equity | 0.20 | 0.22 | 0.28 | 0.33 | 0.49 | 0.55 | 0.71 | 0.91 | - | - |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $2.78B | $2.13B | $2.39B | $2.52B | $2.89B | $2.02B | $2.14B | $2.53B | $2.80B | $2.21B | $2.50B |
| Cost of revenue | $2.03B | $2.43B | $1.87B | $2.07B | $2.15B | $2.45B | $1.77B | $1.86B | $2.13B | $2.38B | $1.94B | $2.14B |
| Gross profit | $285.63M | $354.77M | $251.25M | $320.97M | $370.88M | $443.12M | $245.20M | $281.44M | $401.33M | $421.85M | $270.85M | $357.93M |
| Selling, general and admin | $206.42M | $230.93M | $212.02M | $254.03M | $237.86M | $238.27M | $206.22M | $240.20M | $231.00M | $226.51M | $220.13M | $217.90M |
| Interest expense | - | - | - | - | - | - | - | - | - | - | $7.57M | - |
| Pre-tax income | $51.77M | $133.47M | $20.99M | $32.49M | $143.37M | $155.58M | -$1.60M | -$1.16M | $127.02M | $142.35M | $6.89M | $72.58M |
| Income tax | $10.46M | $37.94M | $6.35M | $9.32M | $16.74M | $21.65M | $1.49M | -$283.0K | $35.55M | $28.77M | $1.57M | $17.55M |
| Net income | $40.84M | $97.23M | $17.80M | $21.67M | $125.76M | $135.19M | -$551.0K | -$1.83M | $90.02M | $114.51M | $7.22M | $53.56M |
| EPS, basic | $0.78 | $1.86 | $0.34 | $0.41 | $2.37 | $2.54 | -$0.01 | -$0.03 | $1.68 | $2.15 | $0.14 | $1.01 |
| EPS, diluted | $0.77 | $1.86 | $0.34 | $0.41 | $2.35 | $2.53 | -$0.01 | -$0.03 | $1.69 | $2.13 | $0.13 | $0.99 |
| Diluted shares | - | 52.4M | 52.8M | 53.0M | - | 53.4M | 53.2M | 53.0M | - | 53.7M | 53.7M | 53.9M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $481.99M | $371.95M | $242.18M | $509.88M | $586.60M | $508.32M | $373.82M | $445.22M | $501.32M | $371.82M | $340.19M | $425.83M |
| Receivables | $486.75M | $707.05M | $632.44M | $556.55M | $541.71M | $717.81M | $535.14M | $516.42M | $502.30M | $642.57M | $534.40M | $548.80M |
| Inventory | $1.42B | $1.53B | $1.59B | $1.46B | $1.35B | $1.35B | $1.38B | $1.37B | $1.37B | $1.58B | $1.78B | $1.71B |
| Current assets | $2.74B | $2.89B | $2.72B | $2.72B | $2.78B | $2.84B | $2.52B | $2.53B | $2.65B | $2.87B | $2.84B | $2.81B |
| Goodwill | $1.92B | $1.87B | $1.88B | $1.85B | $1.84B | $1.83B | $1.75B | $1.79B | $1.79B | $1.78B | $1.79B | $1.77B |
| Total assets | $6.96B | $7.15B | $7.02B | $6.99B | $7.07B | $7.17B | $6.71B | $6.87B | $7.02B | $7.22B | $7.23B | $7.17B |
| Current liabilities | $1.55B | $1.69B | $1.54B | $1.51B | $1.58B | $1.66B | $1.47B | $1.48B | $1.57B | $1.74B | $1.63B | $1.72B |
| Short-term debt | $2.81M | $2.87M | $2.92M | $2.83M | $3.37M | $5.44M | $27.74M | $32.21M | $32.65M | $35.49M | $17.23M | $10.95M |
| Long-term debt | $865.14M | $871.44M | $877.77M | $913.13M | $919.61M | $1.01B | $1.00B | $1.04B | $1.10B | $1.21B | $1.39B | $1.27B |
| Total debt | $867.96M | $874.31M | $880.69M | $915.96M | $922.98M | $1.02B | $1.03B | $1.08B | $1.13B | $1.24B | $1.41B | $1.28B |
| Total liabilities | $2.70B | $2.84B | $2.69B | $2.69B | $2.78B | $2.95B | $2.76B | $2.81B | $2.95B | $3.21B | $3.28B | $3.25B |
| Shareholders' equity | $4.26B | $4.31B | $4.32B | $4.30B | $4.29B | $4.22B | $3.95B | $4.06B | $4.07B | $4.01B | $3.94B | $3.92B |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $244.18M | $234.15M | -$112.24M | -$44.87M | $258.67M | $257.67M | $30.84M | $30.74M | $338.02M | $251.73M | -$103.87M | $59.67M |
| Capital expenditures | - | - | $32.96M | $29.92M | $37.10M | $35.16M | $25.01M | $24.35M | $36.72M | $26.34M | $36.36M | $40.19M |
| Free cash flow | - | - | -$145.21M | -$74.78M | $221.58M | $222.50M | $5.84M | $6.39M | $301.29M | $225.39M | -$140.23M | $19.48M |
| Investing cash flow | -$64.21M | -$30.03M | -$10.45M | -$20.76M | $2.88M | -$32.88M | -$9.12M | -$25.34M | -$43.92M | -$21.95M | -$29.88M | -$51.06M |
| Financing cash flow | -$67.55M | -$79.62M | -$135.97M | -$13.48M | -$182.22M | -$77.08M | -$102.39M | -$64.62M | -$164.35M | -$200.08M | $45.91M | -$19.15M |
| Dividends paid | - | - | - | - | - | - | - | - | - | $25.59M | - | - |
| Share repurchases | $34.35M | $50.50M | $25.23M | $5.05M | $50.92M | $0 | $1.73M | $0 | $25.35M | $13.00M | $0 | $30.04M |
| Stock-based compensation | $979.0K | $6.70M | $7.95M | $10.95M | $4.07M | $8.19M | $8.07M | $10.54M | $8.85M | $9.35M | $9.25M | $10.45M |
| Depreciation and amortization | $69.49M | $65.95M | $64.88M | $66.03M | $71.38M | $66.17M | $65.99M | $67.66M | $73.60M | $68.15M | $68.12M | $67.28M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -8.4% | -3.9% | 5.3% | 11.5% | -0.4% | 3.3% | -8.6% | -14.3% | -7.4% | -4.4% | -5.9% | -19.5% |
| Net income growth, YoY | -67.5% | -28.1% | - | - | 39.7% | 18.1% | - | - | -0.3% | -5.1% | -73.3% | -60.7% |
| EPS growth, YoY | -67.2% | -26.5% | - | - | 39.1% | 18.8% | - | - | 0.6% | -4.9% | -74.0% | -60.9% |
| Gross margin | 12.4% | 12.8% | 11.8% | 13.4% | 14.7% | 15.3% | 12.1% | 13.1% | 15.8% | 15.1% | 12.3% | 14.3% |
| Net margin | 1.8% | 3.5% | 0.8% | 0.9% | 5.0% | 4.7% | -0.0% | -0.1% | 3.6% | 4.1% | 0.3% | 2.1% |
| Free cash flow margin | - | - | -6.8% | -3.1% | 8.8% | 7.7% | 0.3% | 0.3% | 11.9% | 8.0% | -6.4% | 0.8% |
| Current ratio | 1.77 | 1.71 | 1.76 | 1.81 | 1.75 | 1.71 | 1.71 | 1.71 | 1.69 | 1.65 | 1.75 | 1.63 |
| Debt to equity | 0.20 | 0.20 | 0.20 | 0.21 | 0.22 | 0.24 | 0.26 | 0.26 | 0.28 | 0.31 | 0.36 | 0.33 |
Source: XBRL data Thor Industries Inc. files with the SEC, latest filing dated Sep 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| THO | $9.61B | +0.3% | $177.54M | 1.8% | $4.26B |
| DHI | $33.35B | -3.5% | $3.07B | 9.2% | $44.09B |
| PHM | $15.98B | -9.3% | $1.80B | 11.2% | $24.88B |
| LEN | $31.97B | -8.0% | $1.31B | 4.1% | $21.79B |
| NVR | $9.32B | -10.8% | $1.05B | 11.2% | $17.09B |
| TOL | $10.76B | -1.1% | $1.20B | 11.1% | $14.34B |
| IBP | $2.99B | +0.7% | $235.70M | 7.9% | $5.93B |
| SKY | $2.72B | +3.5% | $185.83M | 6.8% | $5.06B |
| CVCO | $2.40B | +11.8% | $184.24M | 7.7% | $4.91B |