vs

Side-by-side financial comparison of Molson Coors Beverage Company (TAP) and THOR INDUSTRIES INC (THO). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.4B, roughly 1.3× THOR INDUSTRIES INC). Molson Coors Beverage Company runs the higher net margin — 6.7% vs 0.9%, a 5.8% gap on every dollar of revenue. On growth, THOR INDUSTRIES INC posted the faster year-over-year revenue change (11.5% vs 6.1%). Molson Coors Beverage Company produced more free cash flow last quarter ($1.1B vs $-74.8M). Over the past eight quarters, THOR INDUSTRIES INC's revenue compounded faster (4.0% CAGR vs -9.8%).

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

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.

TAP vs THO — Head-to-Head

Bigger by revenue
TAP
TAP
1.3× larger
TAP
$3.1B
$2.4B
THO
Growing faster (revenue YoY)
THO
THO
+5.4% gap
THO
11.5%
6.1%
TAP
Higher net margin
TAP
TAP
5.8% more per $
TAP
6.7%
0.9%
THO
More free cash flow
TAP
TAP
$1.2B more FCF
TAP
$1.1B
$-74.8M
THO
Faster 2-yr revenue CAGR
THO
THO
Annualised
THO
4.0%
-9.8%
TAP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
TAP
TAP
THO
THO
Revenue
$3.1B
$2.4B
Net Profit
$209.3M
$21.7M
Gross Margin
31.0%
13.4%
Operating Margin
1.4%
Net Margin
6.7%
0.9%
Revenue YoY
6.1%
11.5%
Net Profit YoY
-28.7%
1282.8%
EPS (diluted)
$1.22
$0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TAP
TAP
THO
THO
Q1 26
$3.1B
Q4 25
$3.1B
$2.4B
Q3 25
$3.5B
$2.5B
Q2 25
$3.7B
$2.9B
Q1 25
$2.7B
$2.0B
Q4 24
$3.2B
$2.1B
Q3 24
$3.6B
$2.5B
Q2 24
$3.8B
$2.8B
Net Profit
TAP
TAP
THO
THO
Q1 26
$209.3M
Q4 25
$238.3M
$21.7M
Q3 25
$-2.9B
$125.8M
Q2 25
$428.7M
$135.2M
Q1 25
$121.0M
$-551.0K
Q4 24
$287.8M
$-1.8M
Q3 24
$199.8M
$90.0M
Q2 24
$427.0M
$114.5M
Gross Margin
TAP
TAP
THO
THO
Q1 26
31.0%
Q4 25
31.0%
13.4%
Q3 25
33.7%
14.7%
Q2 25
34.3%
15.3%
Q1 25
31.6%
12.1%
Q4 24
32.0%
13.1%
Q3 24
33.4%
15.8%
Q2 24
34.6%
15.1%
Operating Margin
TAP
TAP
THO
THO
Q1 26
Q4 25
10.4%
1.4%
Q3 25
-98.5%
5.7%
Q2 25
15.6%
5.4%
Q1 25
6.9%
-0.1%
Q4 24
12.0%
-0.1%
Q3 24
12.5%
5.0%
Q2 24
15.6%
5.1%
Net Margin
TAP
TAP
THO
THO
Q1 26
6.7%
Q4 25
7.6%
0.9%
Q3 25
-84.0%
5.0%
Q2 25
11.5%
4.7%
Q1 25
4.5%
-0.0%
Q4 24
8.9%
-0.1%
Q3 24
5.5%
3.6%
Q2 24
11.1%
4.1%
EPS (diluted)
TAP
TAP
THO
THO
Q1 26
$1.22
Q4 25
$1.32
$0.41
Q3 25
$-14.79
$2.35
Q2 25
$2.13
$2.53
Q1 25
$0.59
$-0.01
Q4 24
$1.39
$-0.03
Q3 24
$0.96
$1.69
Q2 24
$2.03
$2.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TAP
TAP
THO
THO
Cash + ST InvestmentsLiquidity on hand
$896.5M
$509.9M
Total DebtLower is stronger
$3.9B
$916.0M
Stockholders' EquityBook value
$10.4B
$4.3B
Total Assets
$22.7B
$7.0B
Debt / EquityLower = less leverage
0.37×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TAP
TAP
THO
THO
Q1 26
$896.5M
Q4 25
$896.5M
$509.9M
Q3 25
$950.2M
$586.6M
Q2 25
$613.8M
$508.3M
Q1 25
$412.7M
$373.8M
Q4 24
$969.3M
$445.2M
Q3 24
$1.0B
$501.3M
Q2 24
$1.6B
$371.8M
Total Debt
TAP
TAP
THO
THO
Q1 26
$3.9B
Q4 25
$6.3B
$916.0M
Q3 25
$6.3B
$923.0M
Q2 25
$6.3B
$1.0B
Q1 25
$6.2B
$1.0B
Q4 24
$6.1B
$1.1B
Q3 24
$6.2B
$1.1B
Q2 24
$7.0B
$1.2B
Stockholders' Equity
TAP
TAP
THO
THO
Q1 26
$10.4B
Q4 25
$10.2B
$4.3B
Q3 25
$10.3B
$4.3B
Q2 25
$13.4B
$4.2B
Q1 25
$13.1B
$4.0B
Q4 24
$13.1B
$4.1B
Q3 24
$13.3B
$4.1B
Q2 24
$13.2B
$4.0B
Total Assets
TAP
TAP
THO
THO
Q1 26
$22.7B
Q4 25
$22.7B
$7.0B
Q3 25
$22.9B
$7.1B
Q2 25
$26.8B
$7.2B
Q1 25
$25.9B
$6.7B
Q4 24
$26.1B
$6.9B
Q3 24
$26.6B
$7.0B
Q2 24
$27.4B
$7.2B
Debt / Equity
TAP
TAP
THO
THO
Q1 26
0.37×
Q4 25
0.61×
0.21×
Q3 25
0.61×
0.22×
Q2 25
0.47×
0.24×
Q1 25
0.47×
0.26×
Q4 24
0.47×
0.27×
Q3 24
0.47×
0.28×
Q2 24
0.53×
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TAP
TAP
THO
THO
Operating Cash FlowLast quarter
$-44.9M
Free Cash FlowOCF − Capex
$1.1B
$-74.8M
FCF MarginFCF / Revenue
36.5%
-3.1%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
-2.07×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$375.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TAP
TAP
THO
THO
Q1 26
Q4 25
$540.7M
$-44.9M
Q3 25
$616.1M
$258.7M
Q2 25
$718.3M
$257.7M
Q1 25
$-90.7M
$30.8M
Q4 24
$494.5M
$30.7M
Q3 24
$521.2M
$338.0M
Q2 24
$869.2M
$251.7M
Free Cash Flow
TAP
TAP
THO
THO
Q1 26
$1.1B
Q4 25
$357.8M
$-74.8M
Q3 25
$483.0M
$221.6M
Q2 25
$555.0M
$222.5M
Q1 25
$-328.0M
$5.8M
Q4 24
$383.4M
$6.4M
Q3 24
$350.4M
$301.3M
Q2 24
$691.7M
$225.4M
FCF Margin
TAP
TAP
THO
THO
Q1 26
36.5%
Q4 25
11.4%
-3.1%
Q3 25
13.9%
8.8%
Q2 25
14.8%
7.7%
Q1 25
-12.2%
0.3%
Q4 24
11.8%
0.3%
Q3 24
9.7%
11.9%
Q2 24
18.0%
8.0%
Capex Intensity
TAP
TAP
THO
THO
Q1 26
Q4 25
5.9%
1.3%
Q3 25
3.8%
1.5%
Q2 25
4.4%
1.2%
Q1 25
8.8%
1.2%
Q4 24
3.4%
1.1%
Q3 24
4.7%
1.4%
Q2 24
4.6%
0.9%
Cash Conversion
TAP
TAP
THO
THO
Q1 26
Q4 25
2.27×
-2.07×
Q3 25
2.06×
Q2 25
1.68×
1.91×
Q1 25
-0.75×
Q4 24
1.72×
Q3 24
2.61×
3.76×
Q2 24
2.04×
2.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TAP
TAP

Segment breakdown not available.

THO
THO

Other$417.1M17%
Travel Trailers$403.6M17%
Motorcaravan$391.9M16%
Fifth Wheels Towables$306.9M13%
Classc Motorized$297.2M12%
Campervan$188.3M8%
Classa Motorized$169.9M7%
Classb Motorized$110.0M5%
Other Rv Related$70.0M3%
Caravan$34.3M1%

Related Comparisons