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Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.
1980
22.3K+
LTM Revenue $9.5B
LTM EBITDA $636M
$4.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Thor Industries has a last 12-month revenue of $9.5B and a last 12-month EBITDA of $636M.
In the most recent fiscal year, Thor Industries achieved revenue of $10.0B and an EBITDA of $715M.
Thor Industries expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thor Industries valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $11.1B | $10.0B | XXX | XXX | XXX |
| Gross Profit | $2.8B | $1.6B | XXX | XXX | XXX |
| Gross Margin | 25% | 16% | XXX | XXX | XXX |
| EBITDA | $874M | $715M | XXX | XXX | XXX |
| EBITDA Margin | 8% | 7% | XXX | XXX | XXX |
| Net Profit | $1.1B | $374M | XXX | XXX | XXX |
| Net Margin | 10% | 4% | XXX | XXX | XXX |
| Net Debt | $1.5B | $861M | XXX | XXX | XXX |
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As of April 15, 2025, Thor Industries's stock price is $70.
Thor Industries has current market cap of $3.7B, and EV of $4.4B.
See Thor Industries trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.4B | $3.7B | XXX | XXX | XXX | XXX | $3.96 |
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Sign UpAs of April 15, 2025, Thor Industries has market cap of $3.7B and EV of $4.4B.
Thor Industries's trades at 0.5x LTM EV/Revenue multiple, and 6.9x LTM EBITDA.
Analysts estimate Thor Industries's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Thor Industries and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $4.4B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 6.6x | XXX | XXX | XXX |
| P/E | 16.0x | XXX | XXX | XXX |
| P/E/Growth | 0.9x | XXX | XXX | XXX |
| EV/FCF | 11.0x | XXX | XXX | XXX |
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Sign UpThor Industries's NTM/LTM revenue growth is 3%
Thor Industries's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $46K for the same period.
Over next 12 months, Thor Industries's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Thor Industries's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Thor Industries and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -18% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 9% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $46K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 10% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ebusco Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Traton | XXX | XXX | XXX | XXX | XXX | XXX |
| Ashok Leyland | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Bajaj Auto | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Thor Industries acquired XXX companies to date.
Last acquisition by Thor Industries was XXXXXXXX, XXXXX XXXXX XXXXXX . Thor Industries acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Thor Industries founded? | Thor Industries was founded in 1980. |
| Where is Thor Industries headquartered? | Thor Industries is headquartered in United States of America. |
| How many employees does Thor Industries have? | As of today, Thor Industries has 22.3K+ employees. |
| Who is the CEO of Thor Industries? | Thor Industries's CEO is Mr. Robert W. Martin. |
| Is Thor Industries publicy listed? | Yes, Thor Industries is a public company listed on NYS. |
| What is the stock symbol of Thor Industries? | Thor Industries trades under THO ticker. |
| When did Thor Industries go public? | Thor Industries went public in 1986. |
| Who are competitors of Thor Industries? | Similar companies to Thor Industries include e.g. Ebusco Holding, Traton, Ashok Leyland, TVS Motor. |
| What is the current market cap of Thor Industries? | Thor Industries's current market cap is $3.7B |
| What is the current revenue of Thor Industries? | Thor Industries's last 12-month revenue is $9.5B. |
| What is the current EBITDA of Thor Industries? | Thor Industries's last 12-month EBITDA is $636M. |
| What is the current EV/Revenue multiple of Thor Industries? | Current revenue multiple of Thor Industries is 0.5x. |
| What is the current EV/EBITDA multiple of Thor Industries? | Current EBITDA multiple of Thor Industries is 6.9x. |
| What is the current revenue growth of Thor Industries? | Thor Industries revenue growth between 2023 and 2024 was -10%. |
| Is Thor Industries profitable? | Yes, Thor Industries is EBITDA-positive (as of the last 12 months). |
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