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Thor Industries Overview
About Thor Industries
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 fiscal 2025 total sales. In fiscal 2025, the company wholesaled 181,388 units and generated $9.6 billion in revenue.
Founded
1980
HQ
Employees
20.9K
Website
Sectors
Financials (LTM)
EV
$5B
Thor Industries Financials
Thor Industries reported last 12-month revenue of $10B and EBITDA of $628M.
In the same LTM period, Thor Industries generated $1B in gross profit, $628M in EBITDA, and $231M in net income.
Revenue (LTM)
Thor Industries P&L
In the most recent fiscal year, Thor Industries reported revenue of $10B and EBITDA of $656M.
Thor Industries expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $10B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA | $628M | XXX | $656M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $231M | XXX | $259M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $336M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Thor Industries Stock Performance
Thor Industries has current market cap of $4B, and enterprise value of $5B.
Market Cap Evolution
Thor Industries' stock price is $80.55.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | 3.0% | XXX | XXX | XXX | $4.92 |
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Start Free TrialThor Industries Valuation Multiples
Thor Industries trades at 0.5x EV/Revenue multiple, and 7.8x EV/EBITDA.
EV / Revenue (LTM)
Thor Industries Financial Valuation Multiples
As of April 18, 2026, Thor Industries has market cap of $4B and EV of $5B.
Equity research analysts estimate Thor Industries' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thor Industries has a P/E ratio of 18.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.8x | XXX | 7.4x | XXX | XXX | XXX |
| EV/EBIT | 16.0x | XXX | 16.3x | XXX | XXX | XXX |
| EV/Gross Profit | 3.5x | XXX | 3.6x | XXX | XXX | XXX |
| P/E | 18.3x | XXX | 16.4x | XXX | XXX | XXX |
| EV/FCF | 15.2x | XXX | 10.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Thor Industries Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Thor Industries Margins & Growth Rates
Thor Industries' revenue in the last 12 month grew by 4%.
Thor Industries' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Thor Industries' rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thor Industries' rule of X is 12% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Thor Industries Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 9% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 12% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Thor Industries Public Comps
See public comps and valuation multiples for other Automakers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Thor Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Mazda | XXX | XXX | XXX | XXX | XXX | XXX |
| TofaÅŸ | XXX | XXX | XXX | XXX | XXX | XXX |
| Polaris | XXX | XXX | XXX | XXX | XXX | XXX |
| REV Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Mitsubishi Motors | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Thor Industries M&A Activity
Thor Industries acquired XXX companies to date.
Last acquisition by Thor Industries was on XXXXXXXX, XXXXX. Thor Industries acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Thor Industries
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialThor Industries Investment Activity
Thor Industries invested in XXX companies to date.
Thor Industries made its latest investment on XXXXXXXX, XXXXX. Thor Industries invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Thor Industries
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Thor Industries
| When was Thor Industries founded? | Thor Industries was founded in 1980. |
| Where is Thor Industries headquartered? | Thor Industries is headquartered in United States. |
| How many employees does Thor Industries have? | As of today, Thor Industries has over 20K employees. |
| Who is the CEO of Thor Industries? | Thor Industries' CEO is Robert W. Martin. |
| Is Thor Industries publicly listed? | Yes, Thor Industries is a public company listed on NYSE. |
| 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 1984. |
| Who are competitors of Thor Industries? | Thor Industries main competitors are Mazda, TofaÅŸ, Polaris, REV Group. |
| What is the current market cap of Thor Industries? | Thor Industries' current market cap is $4B. |
| What is the current revenue of Thor Industries? | Thor Industries' last 12 months revenue is $10B. |
| What is the current revenue growth of Thor Industries? | Thor Industries revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Thor Industries? | Current revenue multiple of Thor Industries is 0.5x. |
| Is Thor Industries profitable? | Yes, Thor Industries is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Thor Industries? | Thor Industries' last 12 months EBITDA is $628M. |
| What is Thor Industries' EBITDA margin? | Thor Industries' last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Thor Industries? | Current EBITDA multiple of Thor Industries is 7.8x. |
| What is the current FCF of Thor Industries? | Thor Industries' last 12 months FCF is $321M. |
| What is Thor Industries' FCF margin? | Thor Industries' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Thor Industries? | Current FCF multiple of Thor Industries is 15.2x. |
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