THOR INDUSTRIES INC (THO) Fundamental Analysis & Valuation

NYSE:THO • US8851601018

90.26 USD
-0.6 (-0.66%)
At close: Mar 5, 2026
90.26 USD
0 (0%)
After Hours: 3/5/2026, 4:21:46 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This THO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Taking everything into account, THO scores 7 out of 10 in our fundamental rating. THO was compared to 35 industry peers in the Automobiles industry. THO gets an excellent profitability rating and is at the same time showing great financial health properties. THO has a correct valuation and a medium growth rate. These ratings would make THO suitable for quality investing!


Dividend Valuation Growth Profitability Health

7

1. THO Profitability Analysis

1.1 Basic Checks

  • In the past year THO was profitable.
  • THO had a positive operating cash flow in the past year.
  • Each year in the past 5 years THO has been profitable.
  • In the past 5 years THO always reported a positive cash flow from operatings.
THO Yearly Net Income VS EBIT VS OCF VS FCFTHO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • THO's Return On Assets of 4.03% is amongst the best of the industry. THO outperforms 94.29% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.56%, THO belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
  • THO's Return On Invested Capital of 5.48% is amongst the best of the industry. THO outperforms 94.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for THO is in line with the industry average of 5.04%.
Industry RankSector Rank
ROA 4.03%
ROE 6.56%
ROIC 5.48%
ROA(3y)4.2%
ROA(5y)7.57%
ROE(3y)7.32%
ROE(5y)15.24%
ROIC(3y)6.72%
ROIC(5y)11.6%
THO Yearly ROA, ROE, ROICTHO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.87%, THO belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • In the last couple of years the Profit Margin of THO has remained more or less at the same level.
  • THO's Operating Margin of 3.81% is amongst the best of the industry. THO outperforms 88.57% of its industry peers.
  • In the last couple of years the Operating Margin of THO has declined.
  • THO has a better Gross Margin (14.05%) than 68.57% of its industry peers.
  • THO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.81%
PM (TTM) 2.87%
GM 14.05%
OM growth 3Y-27.39%
OM growth 5Y-5.16%
PM growth 3Y-27.13%
PM growth 5Y-0.23%
GM growth 3Y-6.65%
GM growth 5Y0.44%
THO Yearly Profit, Operating, Gross MarginsTHO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

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7

2. THO Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), THO is destroying value.
  • The number of shares outstanding for THO has been reduced compared to 1 year ago.
  • The number of shares outstanding for THO has been reduced compared to 5 years ago.
  • THO has a better debt/assets ratio than last year.
THO Yearly Shares OutstandingTHO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
THO Yearly Total Debt VS Total AssetsTHO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 3.74 indicates that THO is not in any danger for bankruptcy at the moment.
  • THO has a Altman-Z score of 3.74. This is amongst the best in the industry. THO outperforms 94.29% of its industry peers.
  • The Debt to FCF ratio of THO is 2.63, which is a good value as it means it would take THO, 2.63 years of fcf income to pay off all of its debts.
  • THO has a Debt to FCF ratio of 2.63. This is amongst the best in the industry. THO outperforms 91.43% of its industry peers.
  • THO has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
  • THO has a Debt to Equity ratio of 0.23. This is in the better half of the industry: THO outperforms 74.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 2.63
Altman-Z 3.74
ROIC/WACC0.62
WACC8.9%
THO Yearly LT Debt VS Equity VS FCFTHO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.81 indicates that THO should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.81, THO is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
  • THO has a Quick Ratio of 1.81. This is a bad value and indicates that THO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • THO's Quick ratio of 0.83 is in line compared to the rest of the industry. THO outperforms 51.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.81
Quick Ratio 0.83
THO Yearly Current Assets VS Current LiabilitesTHO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. THO Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 41.64% over the past year.
  • The Earnings Per Share has been decreasing by -0.12% on average over the past years.
  • THO shows a decrease in Revenue. In the last year, the revenue decreased by -4.62%.
  • THO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.24% yearly.
EPS 1Y (TTM)41.64%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%500%
Revenue 1Y (TTM)-4.62%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%5.34%

3.2 Future

  • The Earnings Per Share is expected to grow by 23.52% on average over the next years. This is a very strong growth
  • THO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.77% yearly.
EPS Next Y-11.39%
EPS Next 2Y9.75%
EPS Next 3Y13.67%
EPS Next 5Y23.52%
Revenue Next Year2.72%
Revenue Next 2Y3.96%
Revenue Next 3Y5.18%
Revenue Next 5Y8.77%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
THO Yearly Revenue VS EstimatesTHO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
THO Yearly EPS VS EstimatesTHO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15 20

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6

4. THO Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.90, which indicates a correct valuation of THO.
  • 82.86% of the companies in the same industry are more expensive than THO, based on the Price/Earnings ratio.
  • THO is valuated rather cheaply when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 15.45 indicates a correct valuation of THO.
  • Based on the Price/Forward Earnings ratio, THO is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of THO to the average of the S&P500 Index (25.11), we can say THO is valued slightly cheaper.
Industry RankSector Rank
PE 16.9
Fwd PE 15.45
THO Price Earnings VS Forward Price EarningsTHO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, THO is valued cheaper than 91.43% of the companies in the same industry.
  • THO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. THO is cheaper than 85.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.79
EV/EBITDA 8.09
THO Per share dataTHO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • The decent profitability rating of THO may justify a higher PE ratio.
  • THO's earnings are expected to grow with 13.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.75%
EPS Next 3Y13.67%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. THO Dividend Analysis

5.1 Amount

  • THO has a Yearly Dividend Yield of 2.30%.
  • THO's Dividend Yield is rather good when compared to the industry average which is at 0.94. THO pays more dividend than 82.86% of the companies in the same industry.
  • THO's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.3%

5.2 History

  • The dividend of THO has a limited annual growth rate of 4.66%.
  • THO has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.66%
Div Incr Years0
Div Non Decr Years0
THO Yearly Dividends per shareTHO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • THO pays out 37.63% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of THO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP37.63%
EPS Next 2Y9.75%
EPS Next 3Y13.67%
THO Yearly Income VS Free CF VS DividendTHO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
THO Dividend Payout.THO Dividend Payout, showing the Payout Ratio.THO Dividend Payout.PayoutRetained Earnings

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THO Fundamentals: All Metrics, Ratios and Statistics

THOR INDUSTRIES INC

NYSE:THO (3/5/2026, 4:21:46 PM)

After market: 90.26 0 (0%)

90.26

-0.6 (-0.66%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)03-03
Earnings (Next)06-02
Inst Owners101.93%
Inst Owner Change1.63%
Ins Owners4.64%
Ins Owner Change3.99%
Market Cap4.77B
Revenue(TTM)9.58B
Net Income(TTM)282.06M
Analysts68.57
Price Target114.24 (26.57%)
Short Float %5.54%
Short Ratio5.18
Dividend
Industry RankSector Rank
Dividend Yield 2.3%
Yearly Dividend2.01
Dividend Growth(5Y)4.66%
DP37.63%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)340.72%
Min EPS beat(2)88.26%
Max EPS beat(2)593.18%
EPS beat(4)3
Avg EPS beat(4)152%
Min EPS beat(4)-114.48%
Max EPS beat(4)593.18%
EPS beat(8)5
Avg EPS beat(8)62.12%
EPS beat(12)8
Avg EPS beat(12)52.59%
EPS beat(16)12
Avg EPS beat(16)48.21%
Revenue beat(2)2
Avg Revenue beat(2)11.19%
Min Revenue beat(2)7.12%
Max Revenue beat(2)15.25%
Revenue beat(4)4
Avg Revenue beat(4)8.49%
Min Revenue beat(4)1.26%
Max Revenue beat(4)15.25%
Revenue beat(8)6
Avg Revenue beat(8)3.53%
Revenue beat(12)8
Avg Revenue beat(12)2.96%
Revenue beat(16)12
Avg Revenue beat(16)3.87%
PT rev (1m)4.94%
PT rev (3m)4.5%
EPS NQ rev (1m)11.34%
EPS NQ rev (3m)-51.87%
EPS NY rev (1m)0.67%
EPS NY rev (3m)2.91%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)-0.8%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)1.64%
Valuation
Industry RankSector Rank
PE 16.9
Fwd PE 15.45
P/S 0.49
P/FCF 12.79
P/OCF 9.49
P/B 1.11
P/tB 2.79
EV/EBITDA 8.09
EPS(TTM)5.34
EY5.92%
EPS(NY)5.84
Fwd EY6.47%
FCF(TTM)7.06
FCFY7.82%
OCF(TTM)9.51
OCFY10.53%
SpS185.95
BVpS81.32
TBVpS32.4
PEG (NY)N/A
PEG (5Y)N/A
Graham Number98.84
Profitability
Industry RankSector Rank
ROA 4.03%
ROE 6.56%
ROCE 6.82%
ROIC 5.48%
ROICexc 6.04%
ROICexgc 12.39%
OM 3.81%
PM (TTM) 2.87%
GM 14.05%
FCFM 3.8%
ROA(3y)4.2%
ROA(5y)7.57%
ROE(3y)7.32%
ROE(5y)15.24%
ROIC(3y)6.72%
ROIC(5y)11.6%
ROICexc(3y)7.38%
ROICexc(5y)12.57%
ROICexgc(3y)15.82%
ROICexgc(5y)27.7%
ROCE(3y)8.35%
ROCE(5y)14.36%
ROICexgc growth 3Y-38.46%
ROICexgc growth 5Y-12.23%
ROICexc growth 3Y-37.57%
ROICexc growth 5Y-7.38%
OM growth 3Y-27.39%
OM growth 5Y-5.16%
PM growth 3Y-27.13%
PM growth 5Y-0.23%
GM growth 3Y-6.65%
GM growth 5Y0.44%
F-Score7
Asset Turnover1.41
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 2.63
Debt/EBITDA 1.52
Cap/Depr 47.96%
Cap/Sales 1.32%
Interest Coverage 7.01
Cash Conversion 78.05%
Profit Quality 132.25%
Current Ratio 1.81
Quick Ratio 0.83
Altman-Z 3.74
F-Score7
WACC8.9%
ROIC/WACC0.62
Cap/Depr(3y)56.97%
Cap/Depr(5y)62.4%
Cap/Sales(3y)1.52%
Cap/Sales(5y)1.42%
Profit Quality(3y)178.53%
Profit Quality(5y)132.32%
High Growth Momentum
Growth
EPS 1Y (TTM)41.64%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%500%
EPS Next Y-11.39%
EPS Next 2Y9.75%
EPS Next 3Y13.67%
EPS Next 5Y23.52%
Revenue 1Y (TTM)-4.62%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%5.34%
Revenue Next Year2.72%
Revenue Next 2Y3.96%
Revenue Next 3Y5.18%
Revenue Next 5Y8.77%
EBIT growth 1Y3.82%
EBIT growth 3Y-39.2%
EBIT growth 5Y-2.09%
EBIT Next Year116.17%
EBIT Next 3Y40.21%
EBIT Next 5Y33.97%
FCF growth 1Y-50.71%
FCF growth 3Y-15.26%
FCF growth 5Y0.94%
OCF growth 1Y-46.97%
OCF growth 3Y-16.43%
OCF growth 5Y1.33%

THOR INDUSTRIES INC / THO FAQ

What is the fundamental rating for THO stock?

ChartMill assigns a fundamental rating of 7 / 10 to THO.


What is the valuation status of THOR INDUSTRIES INC (THO) stock?

ChartMill assigns a valuation rating of 6 / 10 to THOR INDUSTRIES INC (THO). This can be considered as Fairly Valued.


What is the profitability of THO stock?

THOR INDUSTRIES INC (THO) has a profitability rating of 7 / 10.


How financially healthy is THOR INDUSTRIES INC?

The financial health rating of THOR INDUSTRIES INC (THO) is 7 / 10.


How sustainable is the dividend of THOR INDUSTRIES INC (THO) stock?

The dividend rating of THOR INDUSTRIES INC (THO) is 6 / 10 and the dividend payout ratio is 37.63%.