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Thor Industries (THO) Debt to Equity (2016 - 2026)

Thor Industries (THO) reported Debt to Equity of $0.2 for Q1 2026, down 21.9% year-over-year from $0.26 in Q1 2025, and down 4.38% on a QoQ basis from $0.21 in Q4 2025.

Thor Industries (THO) has 11 years of Debt to Equity data on file, last reported at $0.2 in Q1 2026.

  • Quarterly Debt to Equity fell 21.9% year-over-year to $0.2 in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $0.2 (down 21.9% YoY) and the FY2025 annual result came in at $0.22, down 22.69% from the prior year.
  • Debt to Equity declined to $0.2 in Q1 2026 per THO's latest filing, from $0.21 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.67 in Q1 2022 and bottomed at $0.2 in Q1 2026.
  • The 5-year median for Debt to Equity is $0.33 (2023), against an average of $0.36.
  • Peak annual rise in Debt to Equity reached 5.18% in 2022, while the deepest fall reached 34.07% in 2022.
  • Tracing THO's Debt to Equity over 5 years: stood at $0.47 in 2022, then plunged by 30.79% to $0.33 in 2023, then declined by 18.98% to $0.26 in 2024, then decreased by 19.57% to $0.21 in 2025, then dropped by 4.38% to $0.2 in 2026.
  • Per Business Quant, the three latest THO Debt to Equity figures stand at $0.2 (Q1 2026), $0.21 (Q4 2025), and $0.22 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Brunswick 5.48 Bn 5.20 Bn 343.60 Mn 1.43
2 Thor Industries 4.17 Bn 3.93 Bn 251.25 Mn 0.20
3 Polaris 4.05 Bn 3.77 Bn - 2.79
4 Brp 3.05 Bn 2.70 Bn 398.91 Mn -
5 Patrick Industries 2.94 Bn 2.90 Bn 226.86 Mn 1.17
6 Harley-Davidson 2.66 Bn 2.68 Bn 266.45 Mn 0.53
7 Lci Industries 2.64 Bn 2.50 Bn 273.67 Mn 0.68
8 Winnebago Industries 837.26 Mn 789.86 Mn 85.60 Mn 0.36
9 Malibu Boats 526.29 Mn 480.05 Mn 41.28 Mn 0.32
10 MasterCraft Boat Holdings 376.07 Mn 291.65 Mn 19.54 Mn -

Historic Data

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DateValue
Jan 31, 2026 0.20
Oct 31, 2025 0.21
Jul 31, 2025 0.22
Apr 30, 2025 0.24
Jan 31, 2025 0.26
Oct 31, 2024 0.26
Jul 31, 2024 0.28
Apr 30, 2024 0.31
Jan 31, 2024 0.36
Oct 31, 2023 0.33
Jul 31, 2023 0.33
Apr 30, 2023 0.42
Jan 31, 2023 0.47
Oct 31, 2022 0.47
Jul 31, 2022 0.49
Apr 30, 2022 0.58
Jan 31, 2022 0.67
Oct 31, 2021 0.72
Jul 31, 2021 0.55
Apr 30, 2021 0.63
Jan 31, 2021 0.71
Oct 31, 2020 0.66
Jul 31, 2020 0.71
Apr 30, 2020 0.94
Jan 31, 2020 0.83
Oct 31, 2019 0.85
Jul 31, 2019 0.91
Apr 30, 2019 1.08
Apr 30, 2018 0.04
Jan 31, 2018 0.05
Oct 31, 2017 0.05
Jul 31, 2017 0.09
Apr 30, 2017 0.20
Jan 31, 2017 0.24
Oct 31, 2016 0.26
Jul 31, 2016 0.28