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Thor Industries THO

Thor Industries scores weak on business quality (3.6 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$63.87Oct 9, 2026
Business qualityWeak
Next earningsDec 1, 2026
Insiders, 90 daysQuiet

Why it matters

  1. What Thor Industries does

    Thor Industries builds recreational vehicles, selling motorized and towable RVs through independent dealers to end consumers.

  2. What it does best

    Thor dominates the recreational vehicle market through massive dealer network scale, generating $9.6 billion in revenue with a gross margin of 12.6% that outperforms Ford's 7.1%.

  3. The main risk

    Softer demand and compressed margins limit near-term earnings, leaving the company exposed to cyclical downturns in discretionary consumer spending on large ticket items.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin rests thin at 2.8% with an ROE of 4.1%, both reflecting compressed profitability as historical returns on invested capital trend downward toward 4.7%.

MoatWeak

The moat relies on deeply entrenched relationships with independent RV dealers, landing it in the bottom quartile for gross margin at 9th percentile rank in its sector.

GrowthSlow

Revenue growth stalls at 0.3%, down significantly from peak historical periods like 2022 when sales reached $16.3B, marking a clear multi-year deceleration in top-line expansion.

Financial healthStrong

Debt-to-equity sits at a manageable 0.2, backed by $482M in cash against $930M in total debt. Free cash flow came in at $169M, showing a softer trend compared to prior years.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on THO

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is THO a good business?

Thor Industries scores weak on the Cluenex quality check (3.6 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health strong.

Are insiders buying THO?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does THO report earnings?

Dec 1, 2026.

For members

See THO today

  • Today's verdict on THO, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Thor Industries (THO)”, https://cluenex.com/stocks/tho/, data as of Oct 10, 2026.