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Thor Industries Valuation Multiples

Discover revenue and EBITDA valuation multiples for Thor Industries and similar public comparables like Bajaj Auto, Ashok Leyland, and Traton.

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 total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.


Founded

1980

HQ

United States of America
Employees

22.3K+

Financials

LTM Revenue $9.4B

LTM EBITDA $612M

EV

$5.0B

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Thor Industries Financials

Thor Industries has a last 12-month revenue (LTM) of $9.4B and a last 12-month EBITDA of $612M.

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

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Thor Industries P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $9.4B XXX $10.0B XXX XXX XXX
Gross Profit $1.3B XXX $1.5B XXX XXX XXX
Gross Margin 14% XXX 14% XXX XXX XXX
EBITDA $612M XXX $715M XXX XXX XXX
EBITDA Margin 7% XXX 7% XXX XXX XXX
EBIT $306M XXX $424M XXX XXX XXX
EBIT Margin 3% XXX 4% XXX XXX XXX
Net Profit $197M XXX $265M XXX XXX XXX
Net Margin 2% XXX 3% XXX XXX XXX
Net Debt XXX XXX $633M XXX XXX XXX

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Thor Industries Stock Performance

As of May 30, 2025, Thor Industries's stock price is $81.

Thor Industries has current market cap of $4.3B, and EV of $5.0B.

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Thor Industries Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$5.0B $4.3B XXX XXX XXX XXX $3.72

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Thor Industries Valuation Multiples

As of May 30, 2025, Thor Industries has market cap of $4.3B and EV of $5.0B.

Thor Industries's trades at 0.5x EV/Revenue multiple, and 7.5x EV/EBITDA.

Equity research analysts estimate Thor Industries's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Thor Industries has a P/E ratio of 22.0x.

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Thor Industries Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $4.3B XXX $4.3B XXX XXX XXX
EV (current) $5.0B XXX $5.0B XXX XXX XXX
EV/Revenue 0.5x XXX 0.5x XXX XXX XXX
EV/EBITDA 8.1x XXX 7.5x XXX XXX XXX
EV/EBIT 16.3x XXX 13.6x XXX XXX XXX
EV/Gross Profit 3.8x XXX n/a XXX XXX XXX
P/E 22.0x XXX 18.7x XXX XXX XXX
EV/FCF 12.2x XXX 12.2x XXX XXX XXX

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Thor Industries Margins & Growth Rates

Thor Industries's last 12 month revenue growth is 4%

Thor Industries's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $46K for the same period.

Thor Industries's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Thor Industries's rule of X is 17% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Thor Industries Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 4% XXX 3% XXX XXX XXX
EBITDA Margin 7% XXX 7% XXX XXX XXX
EBITDA Growth 11% XXX -11% XXX XXX XXX
Rule of 40 12% XXX 11% XXX XXX XXX
Bessemer Rule of X XXX XXX 17% XXX XXX XXX
Revenue per Employee XXX XXX $0.5M XXX XXX XXX
Opex per Employee XXX XXX $46K XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 10% XXX XXX XXX

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Thor Industries Public Comps

See public comps and valuation multiples for Automakers comps
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 M&A and Investment Activity

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 ).

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Latest Acquisitions by Thor Industries

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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About 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 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 $4.3B
What is the current revenue of Thor Industries? Thor Industries's last 12 months revenue is $9.4B.
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's last 12 months EBITDA is $612M.
What is Thor Industries's EBITDA margin? Thor Industries's last 12 months EBITDA margin is 7%.
What is the current EV/EBITDA multiple of Thor Industries? Current EBITDA multiple of Thor Industries is 8.1x.
What is the current FCF of Thor Industries? Thor Industries's last 12 months FCF is $408M.
What is Thor Industries's FCF margin? Thor Industries's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of Thor Industries? Current FCF multiple of Thor Industries is 12.2x.

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