Thor Industries (THO) financial statements
Thor Industries reported revenue of $9.6B in fiscal 2026, up 3.2% a year over 9 years.
Net income was $178M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Thor Industries's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2B | $8.3B | $7.9B | $8.2B | $12.3B | $16.3B | $11.1B | $10.0B | $9.6B | $9.6B |
| Cost of revenue | $6.2B | $7.2B | $6.9B | $7.0B | $10.4B | $13.5B | $9.5B | $8.6B | $8.2B | $8.4B |
| Gross profit | $1.0B | $1.2B | $973M | $1.1B | $1.9B | $2.8B | $1.6B | $1.5B | $1.3B | $1.2B |
| Research and development | $3M | $2M | $9M | — | — | — | — | $49M | $49M | $42M |
| Selling, general and admin | $420M | $477M | $536M | $634M | $870M | $1.1B | $870M | $896M | $923M | $903M |
| Interest expense | $10M | $5M | $68M | $107M | $94M | $90M | $97M | $100M | $61M | $45M |
| Pre-tax income | $556M | $633M | $185M | $273M | $845M | $1.5B | $499M | $349M | $296M | $239M |
| Income tax | $182M | $203M | $52M | $52M | $184M | $322M | $125M | $83M | $40M | $64M |
| Net income | $374M | $430M | $133M | $223M | $660M | $1.1B | $374M | $265M | $259M | $178M |
| EPS (diluted) | $7.09 | $8.14 | $2.47 | $4.02 | $11.85 | $20.59 | $6.95 | $4.94 | $4.84 | $3.38 |
| Diluted shares | 53M | 53M | 54M | 55M | 56M | 55M | 54M | 54M | 53M | 53M |
| Gross margin | 14.4% | 14.0% | 12.4% | 13.7% | 15.4% | 17.2% | 14.4% | 14.5% | 14.0% | 12.6% |
| Net margin | 5.2% | 5.2% | 1.7% | 2.7% | 5.4% | 7.0% | 3.4% | 2.6% | 2.7% | 1.8% |
Balance sheet
Fiscal years, from Thor Industries's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $223M | $275M | $426M | $539M | $446M | $312M | $441M | $501M | $587M | $482M |
| Receivables | $454M | $467M | $479M | $588M | $796M | $849M | $544M | $502M | $542M | $487M |
| Inventory | $460M | $538M | $828M | $716M | $1.4B | $1.8B | $1.7B | $1.4B | $1.4B | $1.4B |
| Total current assets | $1.2B | $1.3B | $2.0B | $2.1B | $2.8B | $3.1B | $2.8B | $2.7B | $2.8B | $2.7B |
| Property, plant and equipment | $425M | $522M | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B | $1.4B | $1.3B | $1.3B |
| Goodwill | $378M | $378M | $1.4B | $1.5B | $1.6B | $1.8B | $1.8B | $1.8B | $1.8B | $1.9B |
| Total assets | $2.6B | $2.8B | $5.7B | $5.8B | $6.7B | $7.4B | $7.3B | $7.0B | $7.1B | $7.0B |
| Total current liabilities | $781M | $769M | $1.4B | $1.5B | $1.8B | $1.8B | $1.7B | $1.6B | $1.6B | $1.6B |
| Long-term debt | — | — | $1.9B | $1.7B | $1.6B | $1.8B | $1.3B | $1.1B | $920M | $865M |
| Total liabilities | $981M | $841M | $3.6B | $3.4B | $3.7B | $3.8B | $3.3B | $2.9B | $2.8B | $2.7B |
| Shareholders' equity | $1.6B | $1.9B | $2.1B | $2.3B | $2.9B | $3.6B | $4.0B | $4.1B | $4.3B | $4.3B |
| Net debt | -$223M | -$275M | $1.5B | $1.1B | $1.2B | $1.5B | $861M | $633M | $336M | $386M |
Cash flow
Fiscal years, from Thor Industries's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $419M | $467M | $508M | $541M | $526M | $990M | $982M | $546M | $578M | $321M |
| Capital spending | $115M | $138M | $127M | $106M | $132M | $241M | $209M | $140M | $122M | — |
| Free cash flow | $304M | $328M | $381M | $435M | $395M | $750M | $773M | $406M | $456M | — |
| Stock-based compensation | $12M | $17M | $19M | $20M | $31M | $31M | $40M | $38M | $31M | $27M |
| Dividends paid | $69M | $78M | $84M | — | — | — | — | — | — | — |
| Share buybacks (net) | — | — | — | $0 | $0 | -$165M | -$42M | -$68M | -$53M | -$115M |
| Free cash flow margin | 4.2% | 3.9% | 4.8% | 5.3% | 3.2% | 4.6% | 6.9% | 4.0% | 4.8% | — |
| Dividends per share | $1.32 | $1.48 | $1.56 | — | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for THO.
Open THO in InvestinglyQuestions
What was Thor Industries's revenue in 2026?
$9.6B in fiscal 2026, from its 10-K filing.
From Thor Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.