THOR INDUSTRIES INCTHOEarnings & Financial Report
Thor Industries, Inc. is an American manufacturer of recreational vehicles (RVs). The company sells towable and motorized RVs through its subsidiaries brands including Airstream, Heartland RV, Jayco, and others. The company's headquarters is in Elkhart, Indiana. It has manufacturing facilities in Michigan, Ohio, Indiana, Idaho and Oregon.
Revenue
$2.0B
Gross Profit
$245.2M
Operating Profit
$-1.6M
Net Profit
$-551.0K
Gross Margin
12.1%
Operating Margin
-0.1%
Net Margin
-0.0%
YoY Growth
-8.6%
EPS
$-0.01
THOR INDUSTRIES INC Q2 FY2025 Financial Summary
THOR INDUSTRIES INC reported revenue of $2.0B (down 8.6% YoY) for Q2 FY2025, with a net profit of $-551.0K (down 107.6% YoY) (-0.0% margin). Cost of goods sold was $1.8B, operating expenses totaled $246.8M.
Key Financial Metrics
| Total Revenue | $2.0B |
|---|---|
| Net Profit | $-551.0K |
| Gross Margin | 12.1% |
| Operating Margin | -0.1% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
THOR INDUSTRIES INC Q2 FY2025 revenue of $2.0B breaks down across 10 segments, led by Travel Trailers at $518.6M (25.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Travel Trailers | $518.6M | 25.7% |
| Motorcaravan | $335.6M | 16.6% |
| Fifth Wheels Towables | $309.6M | 15.3% |
| Classc Motorized | $204.1M | 10.1% |
| Campervan | $166.0M | 8.2% |
| Classa Motorized | $148.0M | 7.3% |
| Other | $131.1M | 6.5% |
| Classb Motorized | $94.2M | 4.7% |
| Other Rv Related | $68.7M | 3.4% |
| Caravan | $42.2M | 2.1% |
THOR INDUSTRIES INC Revenue by Segment — Quarterly Trend
THOR INDUSTRIES INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Travel Trailers and Motorcaravan) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Travel Trailers | $403.6M | — | $676.7M | $518.6M |
| Motorcaravan | $391.9M | $522.5M | $481.6M | $335.6M |
| Fifth Wheels Towables | $306.9M | $387.8M | $492.2M | $309.6M |
| Classc Motorized | $297.2M | $289.3M | $340.5M | $204.1M |
| Campervan | $188.3M | $246.4M | $252.2M | $166.0M |
THOR INDUSTRIES INC Annual Revenue by Year
THOR INDUSTRIES INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $9.6B |
| 2024 | $10.0B |
| 2023 | $11.1B |
| 2022 | $16.3B |
THOR INDUSTRIES INC Quarterly Revenue & Net Profit History
THOR INDUSTRIES INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.4B | +11.5% | $21.7M | 0.9% |
| Q4 FY2025 | $2.5B | -0.4% | $125.8M | 5.0% |
| Q3 FY2025 | $2.9B | +3.3% | $135.2M | 4.7% |
| Q2 FY2025 | $2.0B | -8.6% | $-551.0K | -0.0% |
| Q1 FY2025 | $2.1B | -14.3% | $-1.8M | -0.1% |
| Q4 FY2024 | $2.5B | -7.4% | $90.0M | 3.6% |
| Q3 FY2024 | $2.8B | -4.4% | $114.5M | 4.1% |
| Q2 FY2024 | $2.2B | -5.9% | $7.2M | 0.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.21B | $2.80B | $2.53B | $2.14B | $2.02B | $2.89B | $2.52B | $2.39B |
| YoY Growth | -5.9% | -4.4% | -7.4% | -14.3% | -8.6% | 3.3% | -0.4% | 11.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.23B | $7.22B | $7.02B | $6.87B | $6.71B | $7.17B | $7.07B | $6.99B |
| Liabilities | $3.29B | $3.21B | $2.95B | $2.82B | $2.76B | $2.95B | $2.78B | N/A |
| Equity | $3.94B | $4.00B | $4.07B | $4.05B | $3.95B | $4.22B | $4.29B | $4.30B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-103.9M | $251.7M | $338.0M | $30.7M | $30.8M | $257.7M | $258.7M | $-44.9M |