THOR Industries (THO) Financials

$83.75 +1.44 (+1.75%)

Closing price 05/20/2025 03:59 PM Eastern

Extended Trading

$83.57 -0.18 (-0.21%)

As of 08:41 AM Eastern

Annual Income Statements for THOR Industries

This table shows THOR Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	7/31/2024	7/31/2023	7/31/2022	7/31/2021	7/31/2020	7/31/2019	7/31/2018	7/31/2017	7/31/2016	7/31/2015
Net Income / (Loss) Attributable to Common Shareholders	265	374	1,138	660	223	248	430	374	257	199
Consolidated Net Income / (Loss)	265	374	1,138	661	221	247	430	374	257	199
Net Income / (Loss) Continuing Operations	265	374	1,138	661	221	247	430	374	258	202
Total Pre-Tax Income	349	499	1,460	845	273	300	633	556	383	293
Total Operating Income	424	585	1,533	908	377	361	632	560	383	291
Total Gross Profit	1,452	1,596	2,806	1,895	1,118	973	1,165	1,044	726	558
Total Revenue	10,043	11,122	16,313	12,317	8,168	7,865	8,329	7,247	4,582	4,007
Operating Revenue	10,043	11,122	16,313	12,317	8,168	7,865	8,329	7,247	4,582	4,007
Total Cost of Revenue	8,591	9,525	13,506	10,422	7,050	6,892	7,164	6,203	3,856	3,449
Operating Cost of Revenue	8,591	9,525	13,506	10,422	7,050	6,892	7,164	6,203	3,856	3,449
Total Operating Expenses	1,028	1,011	1,273	987	741	612	533	484	343	267
Selling, General & Admin Expense	896	870	1,116	870	634	536	477	420	306	251
Amortization Expense	133	141	157	117	97	76	55	64	28	16
Total Other Income / (Expense), net	-75	-86	-73	-63	-104	-62	0.93	-3.43	0.33	2.26
Interest & Investment Income	-89	-97	-90	-	3.12	8.08	2.15	0.92	0.74	1.29
Other Income / (Expense), net	14	11	17	30	0.31	-1.85	3.96	5.38	1.18	1.14
Income Tax Expense	83	125	322	184	52	52	203	182	125	91
Net Income / (Loss) Attributable to Noncontrolling Interest	0.09	-0.03	0.44	1.00	-1.59	-0.81	0.00	0.00	-	-
Basic Earnings per Share	$4.98	$7.00	$20.67	$11.93	$4.04	$2.47	$8.17	$7.12	$4.89	$3.75
Weighted Average Basic Shares Outstanding	53.25M	53.48M	55.03M	55.33M	55.17M	53.91M	52.67M	52.56M	52.46M	53.17M
Diluted Earnings per Share	$4.94	$6.95	$20.59	$11.85	$4.02	$2.47	$8.14	$7.09	$4.88	$3.74
Weighted Average Diluted Shares Outstanding	53.69M	53.86M	55.26M	55.69M	55.40M	54.03M	52.85M	52.76M	52.46M	53.17M
Weighted Average Basic & Diluted Shares Outstanding	52.93M	53.31M	53.68M	55.37M	55.20M	54M	52.70M	52.60M	52.46M	53.17M
Cash Dividends to Common per Share	$1.92	$1.80	$1.72	$1.64	$1.60	$1.56	$1.48	$1.32	-	-

This table shows THOR Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-0.55	-1.83	90	115	7.22	54	90	121	27	136	281
Consolidated Net Income / (Loss)	-3.09	-0.87	91	114	5.33	55	91	120	26	137	282
Net Income / (Loss) Continuing Operations	-3.09	-0.87	91	114	5.33	55	91	120	26	137	282
Total Pre-Tax Income	-1.60	-1.16	127	142	6.89	73	132	155	33	179	338
Total Operating Income	9.73	11	135	163	18	108	149	187	39	210	357
Total Gross Profit	245	281	401	422	271	358	394	433	283	486	668
Total Revenue	2,018	2,143	2,534	2,801	2,207	2,501	2,738	2,929	2,347	3,108	3,822
Operating Revenue	2,018	2,143	2,534	2,801	2,207	2,501	2,738	2,929	2,347	3,108	3,822
Total Cost of Revenue	1,773	1,861	2,133	2,379	1,937	2,143	2,344	2,496	2,064	2,622	3,154
Operating Cost of Revenue	1,773	1,861	2,133	2,379	1,937	2,143	2,344	2,496	2,064	2,622	3,154
Total Operating Expenses	235	270	266	259	253	250	245	245	244	277	311
Selling, General & Admin Expense	206	240	231	227	220	218	210	210	209	242	271
Amortization Expense	29	30	35	32	32	32	35	35	35	35	40
Total Other Income / (Expense), net	-11	-13	-7.90	-21	-11	-35	-17	-32	-6.28	-30	-18
Interest & Investment Income	-12	-15	-	-	-28	-20	-	-	-	-	-
Other Income / (Expense), net	0.62	2.65	11	1.16	17	-15	5.17	-5.67	19	-7.56	4.16
Income Tax Expense	1.49	-0.28	36	29	1.57	18	41	36	6.91	42	57
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.54	0.96	1.45	-0.93	-1.89	1.47	1.00	-0.99	-1.27	1.24	0.84
Basic Earnings per Share	($0.01)	($0.03)	$1.68	$2.15	$0.14	$1.01	$1.69	$2.26	$0.51	$2.54	$5.16
Weighted Average Basic Shares Outstanding	53.21M	52.97M	53.25M	53.31M	53.32M	53.30M	53.48M	53.43M	53.52M	53.66M	55.03M
Diluted Earnings per Share	($0.01)	($0.03)	$1.69	$2.13	$0.13	$0.99	$1.68	$2.24	$0.50	$2.53	$5.14
Weighted Average Diluted Shares Outstanding	53.21M	52.97M	53.69M	53.72M	53.65M	53.85M	53.86M	53.82M	53.81M	53.93M	55.26M
Weighted Average Basic & Diluted Shares Outstanding	53.20M	53.22M	52.93M	53.20M	53.32M	53.32M	53.31M	53.31M	53.52M	53.52M	53.68M
Cash Dividends to Common per Share	$0.50	$0.50	-	$0.48	$0.48	$0.48	-	$0.45	$0.45	$0.45	-

This table details how cash moves in and out of THOR Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	7/31/2024	7/31/2023	7/31/2022	7/31/2021	7/31/2020	7/31/2019	7/31/2018	7/31/2017	7/31/2016	7/31/2015
Net Change in Cash & Equivalents	60	130	-137	-93	90	176	52	13	26	-106
Net Cash From Operating Activities	546	982	990	526	541	508	467	419	341	248
Net Cash From Continuing Operating Activities	546	982	990	526	541	508	467	419	341	248
Net Income / (Loss) Continuing Operations	265	374	1,138	661	221	132	430	374	257	199
Consolidated Net Income / (Loss)	265	374	1,138	661	221	132	430	374	257	199
Depreciation Expense	145	136	128	113	99	73	38	34	25	15
Amortization Expense	151	152	168	133	108	82	57	65	28	16
Non-Cash Adjustments To Reconcile Net Income	28	36	24	32	34	90	16	10	18	6.55
Changes in Operating Assets and Liabilities, net	-44	283	-468	-412	79	130	-74	-65	14	11
Net Cash From Investing Activities	-147	-222	-1,049	-428	-84	-1,866	-183	-117	-601	-235
Net Cash From Continuing Investing Activities	-147	-222	-1,049	-428	-84	-1,866	-183	-117	-601	-235
Purchase of Property, Plant & Equipment	-140	-208	-242	-129	-107	-130	-138	-115	-52	-42
Acquisitions	-7.31	-6.18	-782	-311	0.00	-1,736	-50	-5.04	-558	-194
Sale of Property, Plant & Equipment	25	14	16	1.95	28	2.73	3.84	4.68	8.71	1.78
Other Investing Activities, net	-25	-22	-41	9.33	-5.23	-2.16	1.27	-1.27	-0.56	0.02
Net Cash From Financing Activities	-338	-636	-48	-188	-393	1,539	-231	-289	287	-119
Net Cash From Continuing Financing Activities	-338	-636	-48	-188	-393	1,539	-231	-289	287	-119
Repayment of Debt	-337	-489	-269	-314	-680	-568	-145	-215	-8.18	-0.08
Repurchase of Common Equity	-68	-42	-165	0.00	0.00	-	-	-	-	-60
Payment of Dividends	-102	-96	-95	-91	-88	-84	-78	-69	-63	-57
Issuance of Debt	187	0.00	500	226	379	2,196	0.00	0.00	360	-
Other Financing Activities, net	-17	-8.53	-19	-9.07	-4.21	-4.82	-7.66	-4.57	-2.16	-1.43
Effect of Exchange Rate Changes	-0.98	-	-30	-2.21	-	-	0.00	-	-	-
Cash Interest Paid	86	95	74	79	102	57	3.90	8.56	0.67	0.18
Cash Income Taxes Paid	147	143	381	227	57	88	219	199	128	115

This table details how cash moves in and out of THOR Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Change in Cash & Equivalents	-71	-56	129	32	-86	-15	88	72	-10	-20	-20
Net Cash From Operating Activities	31	31	338	252	-104	60	508	289	91	94	353
Net Cash From Continuing Operating Activities	31	31	338	252	-104	60	508	289	91	94	353
Net Income / (Loss) Continuing Operations	-3.09	-0.87	91	114	5.33	55	91	120	26	137	282
Consolidated Net Income / (Loss)	-3.09	-0.87	91	114	5.33	55	91	120	26	137	282
Depreciation Expense	37	38	38	36	36	35	39	33	32	32	32
Amortization Expense	31	32	39	35	41	35	38	38	38	38	43
Non-Cash Adjustments To Reconcile Net Income	7.93	8.27	9.18	7.23	1.39	11	9.96	9.67	8.31	8.25	0.29
Changes in Operating Assets and Liabilities, net	-41	-46	160	60	-188	-76	329	88	-13	-121	-4.33
Net Cash From Investing Activities	-9.12	-25	-44	-22	-30	-51	-51	-58	-56	-58	-77
Net Cash From Continuing Investing Activities	-9.12	-25	-44	-22	-30	-51	-51	-58	-56	-58	-77
Purchase of Property, Plant & Equipment	-26	-25	-34	-27	-41	-38	-58	-49	-45	-56	-72
Sale of Property, Plant & Equipment	18	3.36	0.25	12	13	0.28	9.48	0.35	0.90	2.94	15
Other Investing Activities, net	-0.70	-3.43	-7.10	-6.59	-1.97	-9.13	-2.67	-8.68	-5.41	-5.00	-21
Net Cash From Financing Activities	-102	-65	-164	-200	46	-19	-370	-164	-48	-53	-298
Net Cash From Continuing Financing Activities	-102	-65	-164	-200	46	-19	-370	-164	-48	-53	-298
Repayment of Debt	-33	-64	0.11	-161	-133	-42	-345	-124	6.73	-28	452
Repurchase of Common Equity	-1.73	0.00	-25	-13	-	-30	-	-17	-	-25	-67
Other Financing Activities, net	-15	-0.20	-0.20	-0.19	-16	-0.18	-0.86	-0.30	-7.06	-0.31	-0.28
Cash Interest Paid	9.82	22	16	29	15	26	20	31	19	26	15
Cash Income Taxes Paid	45	9.23	36	21	83	7.15	24	7.94	93	17	111

This table presents THOR Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	7/31/2024	7/31/2023	7/31/2022	7/31/2021	7/31/2020	7/31/2019	7/31/2018	7/31/2017	7/31/2016	7/31/2015
Total Assets	7,021	7,261	7,408	6,654	5,771	5,660	2,779	2,558	2,325	1,503
Total Current Assets	2,650	2,794	3,062	2,804	2,102	2,037	1,312	1,180	1,017	776
Cash & Equivalents	501	441	312	446	539	426	275	223	210	183
Accounts Receivable	701	643	944	950	814	716	487	485	393	270
Inventories, net	1,367	1,653	1,755	1,369	716	828	538	460	404	246
Prepaid Expenses	81	56	52	36	30	42	11	12	11	8.32
Plant, Property, & Equipment, net	1,391	0.00	0.00	0.00	1,108	1,092	522	425	344	234
Total Noncurrent Assets	2,980	4,467	4,346	3,851	2,562	2,531	945	953	964	493
Long-Term Investments	137	127	11	-	-	46	48	-	-	-
Goodwill	1,787	1,800	1,804	1,563	1,477	1,358	378	378	378	313
Intangible Assets	861	997	1,117	937	915	971	388	443	507	169
Noncurrent Deferred & Refundable Income Taxes	28	5.77	7.95	41	79	73	78	93	53	-
Other Noncurrent Operating Assets	166	1,537	1,405	1,309	92	82	52	38	26	12
Total Liabilities & Shareholders' Equity	7,021	7,261	7,408	6,654	5,771	5,660	2,779	2,558	2,325	1,503
Total Liabilities	2,947	3,277	3,807	3,706	3,426	3,565	841	981	1,060	438
Total Current Liabilities	1,567	1,716	1,756	1,795	1,515	1,448	769	781	652	378
Short-Term Debt	105	61	35	38	50	61	0.00	-	-	-
Accounts Payable	628	736	822	915	637	552	287	329	264	163
Accrued Expenses	482	509	452	396	350	385	324	263	242	128
Current Deferred & Payable Income Tax Liabilities	75	101	57	86	84	61	19	51	26	11
Current Employee Benefit Liabilities	185	189	255	250	160	136	97	100	81	52
Other Current Liabilities	92	121	135	110	235	253	42	38	39	25
Total Noncurrent Liabilities	1,380	1,561	2,052	1,911	1,911	2,117	72	200	409	60
Long-Term Debt	1,101	1,291	1,754	1,595	1,653	1,885	0.00	145	360	-
Noncurrent Deferred & Payable Income Tax Liabilities	87	91	133	129	137	147	12	10	9.98	33
Other Noncurrent Operating Liabilities	192	179	164	187	121	85	59	45	39	27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,074	3,983	3,601	2,948	2,346	2,095	1,938	1,577	1,265	1,065
Total Preferred & Common Equity	4,067	3,976	3,593	2,922	2,320	2,084	1,938	1,577	1,265	1,065
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,067	3,976	3,593	2,922	2,320	2,084	1,938	1,577	1,265	1,065
Common Stock	584	546	505	467	443	423	258	242	231	222
Retained Earnings	4,255	4,092	3,813	2,770	2,201	2,067	2,023	1,671	1,366	1,172
Treasury Stock	-677	-593	-543	-360	-352	-348	-344	-336	-331	-329
Accumulated Other Comprehensive Income / (Loss)	-94	-69	-182	45	27	-57	0.00	-	-	-
Noncontrolling Interest	6.62	7.38	7.79	26	26	11	0.00	-	-	-

This table presents THOR Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	1/31/2025	10/31/2024	4/30/2024	1/31/2024	10/31/2023	4/30/2023	1/31/2023	10/31/2022	4/30/2022
Total Assets	6,714	6,873	7,218	7,226	7,172	7,554	7,312	7,281	7,736
Total Current Assets	2,524	2,533	2,870	2,839	2,806	3,085	2,863	2,994	3,359
Cash & Equivalents	374	445	372	340	426	353	282	292	329
Accounts Receivable	653	638	830	626	617	812	651	809	1,247
Inventories, net	1,379	1,372	1,578	1,776	1,714	1,865	1,865	1,853	1,734
Prepaid Expenses	118	78	90	97	49	55	66	40	46
Plant, Property, & Equipment, net	1,320	1,380	1,380	1,382	1,378	1,360	1,325	1,269	1,234
Total Noncurrent Assets	2,870	2,960	2,968	3,004	2,989	3,109	3,124	3,019	3,143
Long-Term Investments	136	138	132	129	130	128	124	-	-
Goodwill	1,749	1,792	1,777	1,788	1,769	1,797	1,784	1,784	1,835
Intangible Assets	790	833	889	926	950	1,031	1,061	1,071	1,171
Noncurrent Deferred & Refundable Income Taxes	21	26	12	9.46	2.59	8.02	8.38	7.67	1.16
Other Noncurrent Operating Assets	175	171	157	153	137	145	147	156	136
Total Liabilities & Shareholders' Equity	6,714	6,873	7,218	7,226	7,172	7,554	7,312	7,281	7,736
Total Liabilities	2,761	2,811	3,210	3,283	3,249	3,656	3,524	3,630	4,294
Total Current Liabilities	1,474	1,482	1,739	1,626	1,717	1,721	1,466	1,622	1,972
Short-Term Debt	90	102	103	86	70	51	48	34	29
Accounts Payable	699	572	802	762	749	794	639	676	1,029
Accrued Expenses	423	457	473	453	469	498	454	453	433
Current Deferred & Payable Income Tax Liabilities	46	79	87	70	100	62	42	84	67
Current Employee Benefit Liabilities	136	173	191	148	204	196	157	236	281
Other Current Liabilities	80	73	83	109	100	120	126	116	132
Total Noncurrent Liabilities	1,286	1,330	1,471	1,657	1,532	1,935	2,057	2,008	2,323
Long-Term Debt	1,003	1,044	1,209	1,390	1,272	1,641	1,759	1,715	1,984
Noncurrent Deferred & Payable Income Tax Liabilities	79	84	77	84	92	122	126	133	167
Other Noncurrent Operating Liabilities	204	202	185	182	168	172	173	161	172
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,953	4,062	4,008	3,943	3,924	3,898	3,788	3,651	3,441
Total Preferred & Common Equity	3,952	4,054	4,003	3,936	3,915	3,892	3,781	3,642	3,434
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,952	4,054	4,003	3,936	3,915	3,892	3,781	3,642	3,434
Common Stock	604	596	576	567	558	534	524	516	497
Retained Earnings	4,199	4,226	4,190	4,101	4,120	4,025	3,928	3,925	3,556
Treasury Stock	-693	-686	-652	-639	-634	-592	-576	-576	-477
Accumulated Other Comprehensive Income / (Loss)	-158	-82	-111	-93	-128	-75	-96	-224	-143
Noncontrolling Interest	1.72	7.62	5.12	6.18	8.13	6.38	7.35	8.60	7.29

This table displays calculated financial ratios and metrics derived from THOR Industries' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	7/31/2024	7/31/2023	7/31/2022	7/31/2021	7/31/2020	7/31/2019	7/31/2018	7/31/2017	7/31/2016	7/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.69%	-31.82%	32.44%	50.80%	3.85%	-5.57%	14.93%	58.16%	14.36%	13.65%
EBITDA Growth	-17.20%	-52.04%	55.87%	102.76%	13.50%	-29.60%	9.90%	52.22%	35.18%	16.63%
EBIT Growth	-26.69%	-61.50%	65.22%	148.77%	4.88%	-43.47%	12.54%	47.12%	31.66%	16.13%
NOPAT Growth	-26.51%	-63.28%	68.21%	132.40%	2.43%	-30.52%	14.07%	46.07%	28.61%	16.40%
Net Income Growth	-29.08%	-67.12%	72.23%	198.52%	-10.49%	-42.50%	14.94%	45.90%	28.66%	11.39%
EPS Growth	-28.92%	-66.25%	73.76%	194.78%	62.75%	-69.66%	14.81%	45.29%	30.48%	11.64%
Operating Cash Flow Growth	-44.42%	-0.86%	88.06%	-2.67%	6.48%	8.90%	11.25%	22.90%	37.66%	66.06%
Free Cash Flow Firm Growth	-39.28%	183.84%	206.71%	-75.29%	121.04%	-620.13%	6.87%	206.45%	-3,981.93%	-81.53%
Invested Capital Growth	-2.64%	-5.92%	22.62%	17.84%	-1.06%	119.61%	7.73%	5.86%	60.52%	28.09%
Revenue Q/Q Growth	-1.99%	-8.88%	1.42%	11.48%	0.16%	5.89%	-0.72%	9.72%	5.39%	0.37%
EBITDA Q/Q Growth	-1.23%	-18.75%	2.88%	15.26%	-11.99%	44.43%	-6.82%	9.96%	8.75%	2.60%
EBIT Q/Q Growth	-2.04%	-25.70%	2.67%	18.66%	-17.47%	55.53%	-7.73%	10.45%	7.53%	2.10%
NOPAT Q/Q Growth	-1.88%	-30.84%	4.81%	17.65%	-24.37%	95.31%	-6.94%	10.92%	5.76%	1.85%
Net Income Q/Q Growth	0.07%	-33.73%	4.64%	20.32%	-28.36%	92.96%	-6.77%	10.87%	5.69%	1.21%
EPS Q/Q Growth	0.20%	-33.24%	5.16%	20.06%	11.98%	2.07%	-6.76%	10.61%	6.09%	1.36%
Operating Cash Flow Q/Q Growth	-23.70%	18.74%	0.12%	9.97%	-5.01%	14.13%	7.57%	10.60%	13.22%	-9.61%
Free Cash Flow Firm Q/Q Growth	-27.79%	14.10%	6.67%	161.03%	-48.75%	11.49%	9.34%	201.53%	-364.62%	-94.49%
Invested Capital Q/Q Growth	-3.64%	-6.69%	-1.07%	-2.21%	0.68%	-5.45%	-7.88%	-5.02%	49.15%	8.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.46%	14.35%	17.20%	15.38%	13.69%	12.37%	13.98%	14.40%	15.85%	13.91%
EBITDA Margin	7.30%	7.96%	11.31%	9.61%	7.15%	6.54%	8.78%	9.18%	9.53%	8.07%
Operating Margin	4.22%	5.26%	9.40%	7.37%	4.61%	4.60%	7.59%	7.72%	8.36%	7.25%
EBIT Margin	4.36%	5.37%	9.50%	7.62%	4.62%	4.57%	7.64%	7.80%	8.38%	7.28%
Profit (Net Income) Margin	2.64%	3.37%	6.98%	5.37%	2.71%	3.14%	5.16%	5.16%	5.60%	4.98%
Tax Burden Percent	76.08%	74.95%	77.97%	78.25%	81.12%	82.57%	67.95%	67.27%	66.92%	68.07%
Interest Burden Percent	79.73%	83.67%	94.19%	90.03%	72.37%	83.30%	99.52%	98.44%	99.78%	100.38%
Effective Tax Rate	23.92%	25.06%	22.03%	21.75%	18.88%	17.43%	32.05%	32.73%	32.69%	31.03%
Return on Invested Capital (ROIC)	6.86%	8.92%	25.98%	18.60%	8.67%	11.57%	27.60%	25.85%	22.45%	25.53%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.59%	3.19%	21.70%	14.38%	2.21%	2.49%	27.29%	19.43%	30.11%	25.99%
Return on Net Nonoperating Assets (RNNOA)	-0.27%	0.95%	8.78%	6.37%	1.30%	0.70%	-3.12%	0.49%	-0.43%	-6.01%
Return on Equity (ROE)	6.59%	9.87%	34.76%	24.97%	9.97%	12.27%	24.48%	26.34%	22.01%	19.52%
Cash Return on Invested Capital (CROIC)	9.53%	15.02%	5.66%	2.22%	9.74%	-63.28%	20.16%	20.15%	-24.01%	0.91%
Operating Return on Assets (OROA)	6.13%	8.14%	22.04%	15.10%	6.60%	8.52%	23.84%	23.15%	20.07%	20.04%
Return on Assets (ROA)	3.72%	5.10%	16.19%	10.64%	3.87%	5.86%	16.12%	15.33%	13.40%	13.69%
Return on Common Equity (ROCE)	6.58%	9.85%	34.58%	24.72%	9.89%	12.23%	24.48%	26.34%	22.01%	19.52%
Return on Equity Simple (ROE_SIMPLE)	6.53%	9.41%	31.68%	22.62%	9.54%	11.87%	22.20%	23.74%	20.27%	18.72%
Net Operating Profit after Tax (NOPAT)	322	439	1,195	710	306	298	430	377	258	200
NOPAT Margin	3.21%	3.95%	7.33%	5.77%	3.74%	3.79%	5.16%	5.20%	5.63%	5.00%
Net Nonoperating Expense Percent (NNEP)	8.45%	5.74%	4.28%	4.22%	6.46%	9.08%	0.31%	6.41%	-7.67%	-0.45%
Cost of Revenue to Revenue	85.54%	85.65%	82.80%	84.62%	86.31%	87.63%	86.02%	85.60%	84.15%	86.09%
SG&A Expenses to Revenue	8.92%	7.82%	6.84%	7.06%	7.76%	6.82%	5.73%	5.79%	6.68%	6.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.24%	9.09%	7.81%	8.01%	9.08%	7.78%	6.39%	6.68%	7.49%	6.66%
Earnings before Interest and Taxes (EBIT)	438	597	1,550	938	377	360	636	565	384	292
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	733	885	1,846	1,184	584	515	731	665	437	323
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.39	1.52	1.23	2.11	2.51	1.42	2.27	3.06	2.72	2.31
Price to Tangible Book Value (P/TBV)	3.98	5.13	6.58	14.64	0.00	0.00	3.76	6.38	9.07	4.22
Price to Revenue (P/Rev)	0.56	0.54	0.27	0.50	0.71	0.38	0.53	0.66	0.75	0.61
Price to Earnings (P/E)	21.28	16.14	3.88	9.35	26.16	11.96	10.23	12.87	13.44	12.35
Dividend Yield	1.81%	1.59%	2.12%	1.47%	1.51%	2.90%	1.77%	1.44%	1.83%	2.30%
Earnings Yield	4.70%	6.20%	25.78%	10.69%	3.82%	8.36%	9.77%	7.77%	7.44%	8.10%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.43	1.16	1.79	2.00	1.25	2.53	3.16	2.54	2.58
Enterprise Value to Revenue (EV/Rev)	0.62	0.61	0.36	0.60	0.86	0.56	0.49	0.65	0.78	0.57
Enterprise Value to EBITDA (EV/EBITDA)	8.49	7.72	3.19	6.23	12.02	8.60	5.58	7.13	8.23	7.05
Enterprise Value to EBIT (EV/EBIT)	14.22	11.45	3.80	7.87	18.62	12.31	6.41	8.39	9.36	7.81
Enterprise Value to NOPAT (EV/NOPAT)	19.29	15.57	4.93	10.39	22.97	14.84	9.49	12.59	13.95	11.36
Enterprise Value to Operating Cash Flow (EV/OCF)	11.40	6.96	5.95	14.02	12.98	8.71	8.74	11.30	10.54	9.19
Enterprise Value to Free Cash Flow (EV/FCFF)	13.87	9.25	22.63	87.00	20.45	0.00	13.00	16.15	0.00	320.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.34	0.50	0.55	0.73	0.93	0.00	0.09	0.28	0.00
Long-Term Debt to Equity	0.27	0.32	0.49	0.54	0.70	0.90	0.00	0.09	0.28	0.00
Financial Leverage	0.17	0.30	0.40	0.44	0.59	0.28	-0.11	0.03	-0.01	-0.23
Leverage Ratio	1.77	1.93	2.15	2.35	2.57	2.09	1.52	1.72	1.64	1.43
Compound Leverage Factor	1.41	1.62	2.02	2.11	1.86	1.74	1.51	1.69	1.64	1.43
Debt to Total Capital	22.84%	25.34%	33.19%	35.65%	42.06%	48.16%	0.00%	8.42%	22.15%	0.00%
Short-Term Debt to Total Capital	1.98%	1.14%	0.64%	0.83%	1.23%	1.52%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.86%	24.20%	32.55%	34.81%	40.83%	46.64%	0.00%	8.42%	22.15%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.13%	0.14%	0.14%	0.57%	0.64%	0.27%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.03%	74.52%	66.66%	63.78%	57.30%	51.57%	100.00%	91.58%	77.85%	100.00%
Debt to EBITDA	1.65	1.53	0.97	1.38	2.92	3.78	0.00	0.22	0.82	0.00
Net Debt to EBITDA	0.77	0.89	0.79	1.00	1.99	2.82	0.00	-0.12	0.34	0.00
Long-Term Debt to EBITDA	1.50	1.46	0.95	1.35	2.83	3.66	0.00	0.22	0.82	0.00
Debt to NOPAT	3.74	3.08	1.50	2.30	5.57	6.52	0.00	0.39	1.40	0.00
Net Debt to NOPAT	1.76	1.79	1.23	1.67	3.80	4.86	0.00	-0.21	0.58	0.00
Long-Term Debt to NOPAT	3.41	2.94	1.47	2.25	5.41	6.32	0.00	0.39	1.40	0.00
Altman Z-Score	3.82	3.88	4.52	4.08	3.31	2.73	8.15	7.61	5.48	8.09
Noncontrolling Interest Sharing Ratio	0.17%	0.20%	0.52%	0.98%	0.82%	0.27%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	1.63	1.74	1.56	1.39	1.41	1.71	1.51	1.56	2.05
Quick Ratio	0.77	0.63	0.72	0.78	0.89	0.79	0.99	0.91	0.92	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	448	739	260	85	343	-1,632	314	294	-276	7.11
Operating Cash Flow to CapEx	475.60%	504.59%	437.54%	414.93%	684.56%	398.47%	347.20%	380.02%	788.70%	611.97%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.91	3.20	-23.96	60.49	30.17	-173.25	39.47
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	5.63	5.04	7.46	89.94	43.10	214.33	1,377.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	4.27	4.30	5.59	64.03	31.76	187.15	1,151.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.41	1.52	2.32	1.98	1.43	1.86	3.12	2.97	2.39	2.75
Accounts Receivable Turnover	14.94	14.01	17.22	13.96	10.67	13.07	17.14	16.52	13.84	14.58
Inventory Turnover	5.69	5.59	8.65	9.99	9.13	10.09	14.35	14.35	11.86	14.92
Fixed Asset Turnover	0.00	0.00	0.00	0.00	7.43	9.74	17.58	18.84	15.85	19.84
Accounts Payable Turnover	12.59	12.22	15.55	13.43	11.86	16.43	23.28	20.94	18.09	21.08
Days Sales Outstanding (DSO)	24.42	26.05	21.19	26.14	34.20	27.93	21.30	22.10	26.38	25.03
Days Inventory Outstanding (DIO)	64.14	65.29	42.21	36.52	39.98	36.17	25.43	25.43	30.76	24.47
Days Payable Outstanding (DPO)	28.98	29.86	23.48	27.17	30.76	22.21	15.68	17.43	20.18	17.31
Cash Conversion Cycle (CCC)	59.59	61.48	39.93	35.49	43.41	41.88	31.05	30.10	36.96	32.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,641	4,767	5,067	4,132	3,507	3,545	1,614	1,498	1,415	882
Invested Capital Turnover	2.13	2.26	3.55	3.22	2.32	3.05	5.35	4.97	3.99	5.10
Increase / (Decrease) in Invested Capital	-126	-300	935	626	-38	1,930	116	83	534	193
Enterprise Value (EV)	6,220	6,832	5,888	7,381	7,021	4,427	4,078	4,740	3,597	2,278
Market Capitalization	5,646	6,041	4,414	6,170	5,834	2,967	4,401	4,818	3,446	2,462
Book Value per Share	$76.46	$74.59	$65.89	$52.77	$42.03	$37.85	$36.77	$29.98	$24.11	$20.33
Tangible Book Value per Share	$26.68	$22.11	$12.31	$7.61	($1.30)	($4.44)	$22.24	$14.36	$7.24	$11.14
Total Capital	5,280	5,336	5,389	4,581	4,048	4,042	1,938	1,722	1,625	1,065
Total Debt	1,206	1,352	1,789	1,633	1,703	1,947	0.00	145	360	0.00
Total Long-Term Debt	1,101	1,291	1,754	1,595	1,653	1,885	0.00	145	360	0.00
Net Debt	567	784	1,466	1,184	1,161	1,449	-324	-78	150	-183
Capital Expenditures (CapEx)	115	195	226	127	79	127	134	110	43	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	686	697	1,030	598	95	199	267	176	155	214
Debt-free Net Working Capital (DFNWC)	1,188	1,138	1,341	1,047	637	650	542	399	365	398
Net Working Capital (NWC)	1,083	1,077	1,307	1,009	587	589	542	399	365	398
Net Nonoperating Expense (NNE)	57	65	57	50	84	51	-0.63	2.30	1.28	1.07
Net Nonoperating Obligations (NNO)	567	784	1,466	1,184	1,161	1,449	-324	-78	150	-183
Total Depreciation and Amortization (D&A)	295	288	296	246	207	155	95	100	53	31
Debt-free, Cash-free Net Working Capital to Revenue	6.83%	6.26%	6.31%	4.86%	1.17%	2.53%	3.21%	2.43%	3.39%	5.34%
Debt-free Net Working Capital to Revenue	11.83%	10.23%	8.22%	8.50%	7.80%	8.27%	6.51%	5.51%	7.97%	9.92%
Net Working Capital to Revenue	10.78%	9.68%	8.01%	8.19%	7.19%	7.49%	6.51%	5.51%	7.97%	9.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.98	$7.00	$20.67	$11.93	$4.04	$2.47	$8.17	$7.12	$4.89	$3.75
Adjusted Weighted Average Basic Shares Outstanding	53.25M	53.48M	55.03M	55.33M	55.17M	53.91M	52.70M	52.59M	52.48M	52.39M
Adjusted Diluted Earnings per Share	$4.94	$6.95	$20.59	$11.85	$4.02	$2.47	$8.14	$7.09	$4.88	$3.74
Adjusted Weighted Average Diluted Shares Outstanding	53.69M	53.86M	55.26M	55.69M	55.40M	54.03M	52.70M	52.59M	52.48M	52.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$2.47	$8.17	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.93M	53.31M	53.68M	55.37M	55.20M	55.06M	52.70M	52.59M	52.48M	52.39M
Normalized Net Operating Profit after Tax (NOPAT)	322	439	1,195	710	314	298	430	377	264	200
Normalized NOPAT Margin	3.21%	3.95%	7.33%	5.77%	3.84%	3.79%	5.16%	5.20%	5.76%	5.00%
Pre Tax Income Margin	3.47%	4.49%	8.95%	6.86%	3.34%	3.81%	7.60%	7.68%	8.37%	7.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	10.03	3.51	5.28	122.63	58.09	241.31	1,621.02
NOPAT to Interest Expense	0.00	0.00	0.00	7.59	2.85	4.38	82.81	38.70	161.93	1,113.63
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	8.67	2.78	3.41	96.72	46.75	214.13	1,396.01
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	6.24	2.11	2.51	56.90	27.36	134.76	888.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.48%	25.64%	8.34%	13.74%	39.89%	34.02%	18.13%	18.55%	24.55%	28.78%
Augmented Payout Ratio	64.25%	36.87%	22.85%	13.74%	39.89%	34.02%	18.13%	18.55%	24.55%	58.87%

This table displays calculated financial ratios and metrics derived from THOR Industries' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.57%	-14.31%	-7.45%	-4.36%	-5.93%	-19.54%	-28.36%	-37.12%	-39.44%	-21.48%	6.37%
EBITDA Growth	-30.77%	-48.51%	-3.95%	-6.91%	-12.93%	-40.08%	-46.86%	-54.79%	-71.34%	-32.18%	13.45%
EBIT Growth	-70.53%	-84.83%	-5.91%	-9.70%	-39.81%	-54.09%	-57.18%	-62.49%	-84.26%	-39.42%	12.59%
NOPAT Growth	-51.71%	-90.21%	-6.02%	-9.92%	-54.14%	-49.19%	-65.21%	-60.22%	-89.00%	-37.07%	22.69%
Net Income Growth	-158.00%	-101.59%	0.20%	-5.14%	-79.36%	-59.95%	-67.61%	-65.40%	-90.29%	-43.86%	21.82%
EPS Growth	-107.69%	-103.03%	0.60%	-4.91%	-74.00%	-60.87%	-67.32%	-64.56%	-89.56%	-41.71%	24.46%
Operating Cash Flow Growth	129.69%	-48.48%	-33.40%	-12.83%	-213.76%	-36.53%	43.95%	-14.93%	-64.37%	124.96%	0.33%
Free Cash Flow Firm Growth	66.41%	-80.87%	-44.66%	168.56%	1,030.78%	456.22%	163.22%	129.50%	95.24%	108.07%	-66.32%
Invested Capital Growth	-8.34%	-1.76%	-2.64%	-5.72%	-4.59%	-7.73%	-5.92%	-0.25%	1.13%	1.48%	22.62%
Revenue Q/Q Growth	-5.82%	-15.44%	-9.53%	26.90%	-11.73%	-8.67%	-6.51%	24.81%	-24.50%	-18.67%	-17.94%
EBITDA Q/Q Growth	-7.38%	-62.28%	-5.51%	109.71%	-31.11%	-29.63%	-8.42%	96.16%	-52.60%	-37.60%	-22.08%
EBIT Q/Q Growth	-26.45%	-90.32%	-11.42%	367.44%	-62.14%	-39.97%	-14.99%	211.59%	-71.12%	-44.01%	-25.53%
NOPAT Q/Q Growth	-14.81%	-91.77%	-25.31%	822.13%	-82.73%	-21.01%	-28.41%	369.51%	-80.86%	-45.92%	-18.14%
Net Income Q/Q Growth	-253.84%	-100.95%	-19.47%	2,032.50%	-90.32%	-39.71%	-23.76%	363.96%	-81.22%	-51.23%	-18.56%
EPS Q/Q Growth	66.67%	-101.78%	-20.66%	1,538.46%	-86.87%	-41.07%	-25.00%	348.00%	-80.24%	-50.78%	-18.67%
Operating Cash Flow Q/Q Growth	0.33%	-90.91%	34.28%	342.36%	-274.08%	-88.24%	75.73%	216.30%	-2.88%	-73.33%	3.85%
Free Cash Flow Firm Q/Q Growth	358.94%	-58.99%	-47.19%	67.41%	-47.25%	18.64%	156.30%	680.22%	-131.53%	113.49%	-19.58%
Invested Capital Q/Q Growth	-2.46%	0.21%	-3.64%	-2.69%	4.55%	-0.68%	-6.69%	-1.53%	1.11%	1.27%	-1.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.15%	13.13%	15.84%	15.06%	12.27%	14.31%	14.40%	14.77%	12.06%	15.65%	17.48%
EBITDA Margin	3.85%	3.92%	8.78%	8.40%	5.08%	6.52%	8.46%	8.63%	5.49%	8.75%	11.40%
Operating Margin	0.48%	0.53%	5.32%	5.82%	0.83%	4.31%	5.46%	6.40%	1.66%	6.74%	9.34%
EBIT Margin	0.51%	0.66%	5.74%	5.86%	1.59%	3.71%	5.64%	6.21%	2.49%	6.50%	9.44%
Profit (Net Income) Margin	-0.15%	-0.04%	3.61%	4.05%	0.24%	2.20%	3.33%	4.09%	1.10%	4.42%	7.37%
Tax Burden Percent	193.06%	75.52%	72.01%	79.79%	77.26%	75.82%	69.20%	77.02%	78.87%	76.66%	83.28%
Interest Burden Percent	-15.46%	-8.21%	87.34%	86.70%	19.63%	78.23%	85.35%	85.50%	56.07%	88.71%	93.75%
Effective Tax Rate	0.00%	0.00%	27.99%	20.21%	22.74%	24.18%	30.80%	22.98%	21.13%	23.34%	16.72%
Return on Invested Capital (ROIC)	0.68%	0.77%	8.18%	9.59%	1.31%	6.96%	8.54%	11.76%	3.54%	15.69%	27.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.57%	-0.50%	7.34%	7.95%	0.58%	4.64%	7.46%	10.06%	3.24%	14.33%	26.41%
Return on Net Nonoperating Assets (RNNOA)	-0.11%	-0.09%	1.23%	2.03%	0.18%	1.40%	2.22%	3.96%	1.51%	7.19%	10.69%
Return on Equity (ROE)	0.56%	0.68%	9.42%	11.62%	1.49%	8.36%	10.75%	15.73%	5.05%	22.89%	38.26%
Cash Return on Invested Capital (CROIC)	13.78%	7.09%	9.53%	12.51%	11.45%	15.33%	15.02%	12.65%	15.39%	20.14%	5.66%
Operating Return on Assets (OROA)	0.70%	0.91%	8.07%	8.13%	2.27%	5.40%	8.56%	9.91%	4.63%	13.36%	21.91%
Return on Assets (ROA)	-0.21%	-0.06%	5.08%	5.63%	0.34%	3.20%	5.06%	6.53%	2.05%	9.09%	17.11%
Return on Common Equity (ROCE)	0.56%	0.68%	9.40%	11.60%	1.49%	8.34%	10.73%	15.70%	5.02%	22.76%	38.06%
Return on Equity Simple (ROE_SIMPLE)	5.09%	5.17%	0.00%	6.63%	6.89%	7.45%	0.00%	14.51%	20.92%	28.30%	0.00%
Net Operating Profit after Tax (NOPAT)	6.81	8.00	97	130	14	82	103	144	31	161	297
NOPAT Margin	0.34%	0.37%	3.83%	4.64%	0.64%	3.27%	3.78%	4.93%	1.31%	5.17%	7.77%
Net Nonoperating Expense Percent (NNEP)	1.24%	1.27%	0.84%	1.63%	0.73%	2.32%	1.07%	1.71%	0.30%	1.37%	1.16%
Return On Investment Capital (ROIC_SIMPLE)	0.14%	-	-	-	0.26%	-	-	-	-	-	-
Cost of Revenue to Revenue	87.85%	86.87%	84.16%	84.94%	87.73%	85.69%	85.60%	85.23%	87.94%	84.35%	82.52%
SG&A Expenses to Revenue	10.22%	11.21%	9.12%	8.09%	9.97%	8.71%	7.66%	7.17%	8.90%	7.77%	7.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.67%	12.60%	10.51%	9.24%	11.44%	10.01%	8.95%	8.37%	10.40%	8.91%	8.14%
Earnings before Interest and Taxes (EBIT)	10	14	145	164	35	93	155	182	58	202	361
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	84	222	235	112	163	232	253	129	272	436
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.39	1.35	1.39	1.32	1.50	1.18	1.52	1.06	1.31	1.16	1.23
Price to Tangible Book Value (P/TBV)	3.87	3.84	3.98	3.95	4.83	3.85	5.13	3.88	5.29	5.36	6.58
Price to Revenue (P/Rev)	0.58	0.57	0.56	0.51	0.57	0.44	0.54	0.34	0.36	0.27	0.27
Price to Earnings (P/E)	27.08	26.12	21.28	19.86	21.75	15.78	16.14	7.31	6.25	4.09	3.88
Dividend Yield	1.91%	1.85%	1.81%	1.91%	1.68%	2.12%	1.59%	2.31%	1.90%	2.21%	2.12%
Earnings Yield	3.69%	3.83%	4.70%	5.04%	4.60%	6.34%	6.20%	13.67%	15.99%	24.44%	25.78%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.30	1.34	1.26	1.40	1.14	1.43	1.05	1.23	1.11	1.16
Enterprise Value to Revenue (EV/Rev)	0.64	0.63	0.62	0.59	0.67	0.51	0.61	0.44	0.46	0.37	0.36
Enterprise Value to EBITDA (EV/EBITDA)	9.78	9.26	8.49	8.20	9.12	6.95	7.72	4.91	4.56	3.31	3.19
Enterprise Value to EBIT (EV/EBIT)	18.14	16.87	14.22	13.63	14.91	11.07	11.45	6.66	5.75	4.01	3.80
Enterprise Value to NOPAT (EV/NOPAT)	25.17	24.26	19.29	18.52	20.22	15.02	15.57	8.43	7.47	5.17	4.93
Enterprise Value to Operating Cash Flow (EV/OCF)	9.30	11.72	11.40	8.51	9.21	5.70	6.96	6.47	7.25	5.46	5.95
Enterprise Value to Free Cash Flow (EV/FCFF)	9.27	18.18	13.87	9.80	11.93	7.14	9.25	8.26	8.02	5.54	22.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.28	0.30	0.33	0.37	0.34	0.34	0.43	0.48	0.48	0.50
Long-Term Debt to Equity	0.25	0.26	0.27	0.30	0.35	0.32	0.32	0.42	0.46	0.47	0.49
Financial Leverage	0.20	0.18	0.17	0.26	0.31	0.30	0.30	0.39	0.47	0.50	0.40
Leverage Ratio	1.77	1.76	1.77	1.87	1.88	1.91	1.93	2.08	2.13	2.22	2.15
Compound Leverage Factor	-0.27	-0.14	1.55	1.62	0.37	1.49	1.65	1.78	1.19	1.97	2.01
Debt to Total Capital	21.67%	22.00%	22.84%	24.67%	27.24%	25.48%	25.34%	30.27%	32.28%	32.38%	33.19%
Short-Term Debt to Total Capital	1.79%	1.96%	1.98%	1.94%	1.58%	1.33%	1.14%	0.92%	0.85%	0.62%	0.64%
Long-Term Debt to Total Capital	19.88%	20.04%	20.86%	22.72%	25.66%	24.16%	24.20%	29.35%	31.43%	31.76%	32.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.15%	0.13%	0.10%	0.11%	0.15%	0.14%	0.11%	0.13%	0.16%	0.14%
Common Equity to Total Capital	78.30%	77.85%	77.03%	75.24%	72.64%	74.36%	74.52%	69.61%	67.58%	67.46%	66.66%
Debt to EBITDA	1.77	1.75	1.65	1.77	1.94	1.73	1.53	1.55	1.29	1.02	0.97
Net Debt to EBITDA	0.94	0.86	0.77	1.09	1.33	1.01	0.89	1.11	1.00	0.85	0.79
Long-Term Debt to EBITDA	1.62	1.60	1.50	1.63	1.83	1.64	1.46	1.51	1.26	1.00	0.95
Debt to NOPAT	4.54	4.59	3.74	3.99	4.31	3.73	3.08	2.67	2.12	1.59	1.50
Net Debt to NOPAT	2.42	2.26	1.76	2.46	2.94	2.19	1.79	1.91	1.64	1.32	1.23
Long-Term Debt to NOPAT	4.17	4.18	3.41	3.68	4.06	3.54	2.94	2.59	2.06	1.56	1.47
Altman Z-Score	3.67	3.63	3.68	3.48	3.53	3.35	3.67	3.34	3.76	3.89	3.99
Noncontrolling Interest Sharing Ratio	0.10%	0.20%	0.17%	0.15%	0.17%	0.22%	0.20%	0.19%	0.50%	0.56%	0.52%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.71	1.71	1.69	1.65	1.75	1.63	1.63	1.79	1.95	1.85	1.74
Quick Ratio	0.70	0.73	0.77	0.69	0.59	0.61	0.63	0.68	0.64	0.68	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	420	91	223	422	252	478	403	157	-27	86	-638
Operating Cash Flow to CapEx	366.34%	140.30%	1,014.42%	1,639.09%	-369.73%	157.29%	1,051.80%	587.78%	206.55%	177.56%	625.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	19.35	0.00	0.00	0.00	5.97	-1.06	3.77	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	11.53	0.00	0.00	0.00	10.96	3.56	4.12	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	10.83	0.00	0.00	0.00	9.09	1.84	1.80	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.36	1.38	1.41	1.39	1.43	1.45	1.52	1.60	1.86	2.05	2.32
Accounts Receivable Turnover	14.85	15.43	14.94	12.48	16.25	14.75	14.01	11.86	15.37	15.65	17.22
Inventory Turnover	5.16	5.39	5.69	5.11	4.90	5.07	5.59	5.74	6.60	7.28	8.65
Fixed Asset Turnover	7.03	7.02	0.00	7.48	7.66	7.95	0.00	9.41	10.97	0.00	0.00
Accounts Payable Turnover	11.15	12.59	12.59	11.03	12.73	12.70	12.22	11.34	14.24	14.82	15.55
Days Sales Outstanding (DSO)	24.58	23.65	24.42	29.24	22.46	24.75	26.05	30.78	23.75	23.32	21.19
Days Inventory Outstanding (DIO)	70.70	67.77	64.14	71.38	74.50	71.96	65.29	63.55	55.33	50.16	42.21
Days Payable Outstanding (DPO)	32.73	29.00	28.98	33.09	28.68	28.74	29.86	32.20	25.64	24.63	23.48
Cash Conversion Cycle (CCC)	62.55	62.42	59.59	67.53	68.28	67.97	61.48	62.13	53.44	48.84	39.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,537	4,651	4,641	4,817	4,950	4,735	4,767	5,109	5,188	5,131	5,067
Invested Capital Turnover	2.00	2.06	2.13	2.06	2.05	2.13	2.26	2.39	2.70	3.04	3.55
Increase / (Decrease) in Invested Capital	-413	-83	-126	-292	-238	-397	-300	-13	58	75	935
Enterprise Value (EV)	6,058	6,053	6,220	6,088	6,924	5,397	6,832	5,348	6,363	5,687	5,888
Market Capitalization	5,473	5,483	5,646	5,274	5,911	4,603	6,041	4,131	4,955	4,222	4,414
Book Value per Share	$74.25	$76.60	$76.46	$75.07	$73.82	$73.44	$74.59	$72.72	$70.64	$67.86	$65.89
Tangible Book Value per Share	$26.56	$27.01	$26.68	$25.06	$22.94	$22.44	$22.11	$19.89	$17.50	$14.67	$12.31
Total Capital	5,047	5,208	5,280	5,321	5,419	5,265	5,336	5,591	5,594	5,399	5,389
Total Debt	1,094	1,146	1,206	1,313	1,476	1,342	1,352	1,692	1,806	1,748	1,789
Total Long-Term Debt	1,003	1,044	1,101	1,209	1,390	1,272	1,291	1,641	1,759	1,715	1,754
Net Debt	584	563	567	808	1,008	786	784	1,211	1,400	1,456	1,466
Capital Expenditures (CapEx)	8.42	22	33	15	28	38	48	49	44	53	56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	766	708	686	863	958	733	697	1,062	1,163	1,114	1,030
Debt-free Net Working Capital (DFNWC)	1,140	1,154	1,188	1,235	1,299	1,159	1,138	1,416	1,444	1,405	1,341
Net Working Capital (NWC)	1,050	1,051	1,083	1,131	1,213	1,089	1,077	1,364	1,397	1,372	1,307
Net Nonoperating Expense (NNE)	9.90	8.87	5.69	16	8.78	27	12	25	4.95	23	15
Net Nonoperating Obligations (NNO)	584	589	567	808	1,008	811	784	1,211	1,400	1,481	1,466
Total Depreciation and Amortization (D&A)	67	70	77	71	77	70	77	71	71	70	75
Debt-free, Cash-free Net Working Capital to Revenue	8.07%	7.31%	6.83%	8.42%	9.24%	6.97%	6.26%	8.70%	8.34%	7.20%	6.31%
Debt-free Net Working Capital to Revenue	12.01%	11.91%	11.83%	12.05%	12.52%	11.02%	10.23%	11.60%	10.36%	9.09%	8.22%
Net Working Capital to Revenue	11.06%	10.86%	10.78%	11.04%	11.69%	10.35%	9.68%	11.18%	10.02%	8.87%	8.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	($0.03)	$1.68	$2.15	$0.14	$1.01	$1.69	$2.26	$0.51	$2.54	$5.16
Adjusted Weighted Average Basic Shares Outstanding	53.21M	52.97M	53.25M	53.31M	53.32M	53.30M	53.48M	53.43M	53.52M	53.66M	55.03M
Adjusted Diluted Earnings per Share	($0.01)	($0.03)	$1.69	$2.13	$0.13	$0.99	$1.68	$2.24	$0.50	$2.53	$5.14
Adjusted Weighted Average Diluted Shares Outstanding	53.21M	52.97M	53.69M	53.72M	53.65M	53.85M	53.86M	53.82M	53.81M	53.93M	55.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.20M	53.22M	52.93M	53.20M	53.32M	53.32M	53.31M	53.31M	53.52M	53.52M	53.68M
Normalized Net Operating Profit after Tax (NOPAT)	6.81	8.00	97	130	14	82	103	144	31	161	297
Normalized NOPAT Margin	0.34%	0.37%	3.83%	4.64%	0.64%	3.27%	3.78%	4.93%	1.31%	5.17%	7.77%
Pre Tax Income Margin	-0.08%	-0.05%	5.01%	5.08%	0.31%	2.90%	4.82%	5.31%	1.39%	5.77%	8.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	7.52	0.00	0.00	0.00	6.90	2.28	8.86	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	5.96	0.00	0.00	0.00	5.48	1.20	7.05	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	6.82	0.00	0.00	0.00	5.03	0.55	6.54	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	5.25	0.00	0.00	0.00	3.61	-0.52	4.72	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	51.80%	0.00%	38.48%	37.98%	36.46%	0.00%	25.64%	16.90%	12.04%	0.00%	8.34%
Augmented Payout Ratio	71.73%	18.31%	64.25%	54.20%	53.64%	15.98%	36.87%	36.16%	28.75%	18.48%	22.85%

Frequently Asked Questions About THOR Industries' Financials

When does THOR Industries's financial year end?

According to the most recent income statement we have on file, THOR Industries' fiscal year ends in July. Their fiscal year 2024 ended on July 31, 2024.

How has THOR Industries' net income changed over the last 9 years?

THOR Industries' net income appears to be on an upward trend, with a most recent value of $265.40 million in 2024, rising from $199.39 million in 2015. The previous period was $374.24 million in 2023. Check out THOR Industries' forecast to explore projected trends and price targets.

What is THOR Industries's operating income?

THOR Industries's total operating income in 2024 was $423.89 million, based on the following breakdown:

Total Gross Profit: $1.45 billion
Total Operating Expenses: $1.03 billion

How has THOR Industries revenue changed over the last 9 years?

Over the last 9 years, THOR Industries' total revenue changed from $4.01 billion in 2015 to $10.04 billion in 2024, a change of 150.7%.

How much debt does THOR Industries have?

THOR Industries' total liabilities were at $2.95 billion at the end of 2024, a 10.1% decrease from 2023, and a 572.7% increase since 2015.

How much cash does THOR Industries have?

In the past 9 years, THOR Industries' cash and equivalents has ranged from $183.48 million in 2015 to $538.52 million in 2020, and is currently $501.32 million as of their latest financial filing in 2024.

How has THOR Industries' book value per share changed over the last 9 years?

Over the last 9 years, THOR Industries' book value per share changed from 20.33 in 2015 to 76.46 in 2024, a change of 276.1%.

Related Companies

This page (NYSE:THO) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

THOR Industries (THO) Financials

Frequently Asked Questions About THOR Industries' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

THOR Industries (THO) Financials

Annual Income Statements for THOR Industries

Quarterly Income Statements for THOR Industries

Annual Cash Flow Statements for THOR Industries

Quarterly Cash Flow Statements for THOR Industries

Annual Balance Sheets for THOR Industries

Quarterly Balance Sheets for THOR Industries

Annual Metrics And Ratios for THOR Industries

Quarterly Metrics And Ratios for THOR Industries

Frequently Asked Questions About THOR Industries' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools