Thor Industries
Builds towable and motorized RVs across North America and Europe.
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Profile
Builds travel trailers, fifth wheels, motorhomes, motorcaravans, campervans, and caravans through a multi-brand RV portfolio. Sales are organized across North American towable, North American motorized, and European RV operations, while dealer relationships and brand autonomy remain central.
Builds travel trailers and fifth wheels in North America; Class A, B, and C motorhomes; and European motorcaravans, campervans, and caravans across branded operating companies. Its brands include Airstream, Jayco, Entegra, Keystone, Thor Motor Coach, Tiffin, and KZ, alongside the Erwin Hymer Group family in Europe.
Most North American OEMs are being organized into two larger groups, while Airstream and KZ remain stand-alone. The operating model preserves brand-specific management and dealer relationships while drawing on parent-company resources. Dealer-mediated distribution and greater North American coordination shape how the multi-brand RV portfolio operates.
Company facts
Categories
Key statistics
Year to date −26.9% · Average volume (30d) 552.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 8, 2026 | Truist Financial | Target | $112 | $80 | ||
| Jun 4, 2026 | Loop Capital Markets | Target | $133 | $96 | ||
| Jun 4, 2026 | Roth Capital | Target | $93 | $78 | ||
| Jun 4, 2026 | BMO Capital | Reiterate | Outperform | $105 | $110 | |
| Jun 4, 2026 | Wolfe Research | Target | $96 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 3, 2026Q3 FY26 | $1.92 | $1.86 | −3.1% | $2.67B | $2.78B | +4.3% | −6.16% |
| Mar 3, 2026Q2 FY26 | $0.03 | $0.04 | +33.3% | $1.96B | $2.13B | +8.6% | +0.54% |
| Dec 3, 2025Q1 FY26 | −$0.07 | $0.41 | +652.2% | $2.05B | $2.39B | +16.7% | +2.28% |
| Sep 24, 2025Q4 FY25 | $1.16 | $2.31 | +99.1% | $2.09B | $2.52B | +20.9% | −2.47% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.02B | $2.89B | $2.52B | $2.39B | $2.13B | $2.78B | |
| Gross profit | $267.8M | $482.2M | $340.6M | $293.1M | $223.5M | $354.8M | |
| Operating income | $9.7M | $175.3M | $102.7M | $39.1M | $11.4M | $96.0M | |
| Net income | −$551.0K | $135.2M | $125.8M | $21.7M | $17.8M | $95.5M | |
| Diluted EPS | −$0.01 | $2.53 | $2.36 | $0.41 | $0.34 | $1.86 | |
| Gross margin | 13.3% | 16.7% | 13.5% | 12.3% | 10.5% | 12.8% | |
| Operating margin | 0.5% | 6.1% | 4.1% | 1.6% | 0.5% | 3.5% |
Fiscal years (4-quarter sums)FY21 $12.32B · FY22 $16.31B · FY23 $11.12B · FY24 $10.04B · FY25 $9.58B
Revenue by geography · Q3 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $371.9M · Total debt $986.6M · Total assets $7.15B · Shareholders' equity $4.31B
Dividends
Raised for 37 straight years — most recently to $0.52 from $0.50 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 15 | $0.52 | |
| Apr 6, 2026 | Apr 6 | Apr 20 | $0.52 | |
| Jan 5, 2026 | Jan 5 | Jan 19 | $0.52 | |
| Oct 23, 2025 | Oct 23 | Nov 6 | $0.52 | raised from $0.50 |
| Jul 1, 2025 | Jul 1 | Jul 15 | $0.50 | |
| Apr 8, 2025 | Apr 8 | Apr 22 | $0.50 | |
| Jan 6, 2025 | Jan 6 | Jan 17 | $0.50 | |
| Nov 1, 2024 | Nov 1 | Nov 15 | $0.50 | raised from $0.48 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 52.06M · Float 49.57M · 95.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Acr Alpine Capital Research, LLC | 5.53M | 10.62% | 13F | Jul 29, 2026 |
| BlackRock, Inc. | 4.83M | 9.28% | 13F | Aug 7, 2026 |
| Life Cycle Investment Partners Ltd | 4.10M | 7.90% | 13G | Aug 13, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 3.62M | 6.96% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 3.09M | 5.94% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 6, 2026 | Peter Busch Orthwein | director | +2,600 | $88.25 |
| Jan 15, 2026 | W. Todd Woelfer | officer: SVP, CHIEF OPERATING OFFICER | −4,567 | $114.85 |
| Dec 12, 2025 | W. Todd Woelfer | officer: SVP, CHIEF OPERATING OFFICER | −1,729 | $103.15 |
Peers
- Winnebago Industries
North American towable and motorhome RV overlap
- Thomson Reuters
European motorhomes and caravans overlap with EHG
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Thor Industries | $77.02 | 0.00% | $4.01B | 15.5 | 19.3 | 0.4 | −3.9% |
| Winnebago Industries | $30.60 | −0.13% | $865.0M | 22.5 | 13.9 | 0.3 | −9.9% |
| Thomson Reuters | $106.23 | −0.03% | $46.37B | 28.4 | 22.2 | 5.9 | +7.0% |
| Median | 25.5 | 18.1 | 3.1 | −1.4% |