Thor Industries (THO) Gross Margin (2009 - 2026)
Thor Industries' (THO) quarterly Gross Margin came in at 12.75% in Q2 2026, down 255.0% year-over-year from 8.23% in Q2 2025, and up 7.92% quarter-over-quarter from 11.82% in Q1 2026.
Analysis
Thor Industries (THO) Gross Margin (2009 - 2026) Analysis & Trends
Thor Industries (THO) has reported Gross Margin for 18 consecutive years, with 12.75% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 255.0% year-over-year to 12.75% in Q2 2026; TTM through Apr 2026 was 13.22%, a 108.0% decrease from a year earlier, with the FY2025 full-year figure at 13.99%, down 46.0% from the prior year.
- Gross Margin was 12.75% for Q2 2026 at Thor Industries, up from 11.82% in the prior quarter.
- Over five years, Gross Margin peaked at 17.48% in Q3 2022 and troughed at 11.82% in Q1 2026.
- A 5-year average of 14.44% and a median of 14.55% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 273 bps in 2022 and tumbled 537 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 15.65% in 2022, then dropped by 9 bps to 14.31% in 2023, then decreased by 8 bps to 13.13% in 2024, then gained by 2 bps to 13.43% in 2025, then dropped by 5 bps to 12.75% in 2026.
- The last three Gross Margin figures came in at 12.75% (Q2 2026), 11.82% (Q1 2026), and 13.43% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thor Industries | 3.77 Bn | 3.40 Bn | 354.77 Mn | 12.75% |
| 2 | Polaris | 3.42 Bn | 3.12 Bn | - | - |
| 3 | Harley-Davidson | 2.81 Bn | 917.71 Mn | 421.12 Mn | 34.23% |
| 4 | Brunswick | 1.58 Bn | 1.27 Bn | 437.80 Mn | 28.10% |
| 5 | Winnebago Industries | 820.70 Mn | 763.60 Mn | 94.90 Mn | 13.58% |
| 6 | Malibu Boats | 500.77 Mn | 426.35 Mn | 52.19 Mn | 17.66% |
| 7 | MasterCraft Boat Holdings | 373.87 Mn | 289.25 Mn | 19.54 Mn | 24.99% |
| 8 | Niu Technologies | 166.97 Mn | -28.16 Mn | 33.95 Mn | 15.99% |
| 9 | Massimo | 40.81 Mn | 36.17 Mn | 7.28 Mn | 48.81% |
| 10 | Gogoro | 39.84 Mn | -29.01 Mn | 15.96 Mn | 22.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 12.75% |
| Jan 31, 2026 | 11.82% |
| Oct 31, 2025 | 13.43% |
| Jul 31, 2025 | 14.70% |
| Apr 30, 2025 | 15.31% |
| Jan 31, 2025 | 12.15% |
| Oct 31, 2024 | 13.13% |
| Jul 31, 2024 | 15.84% |
| Apr 30, 2024 | 15.06% |
| Jan 31, 2024 | 12.27% |
| Oct 31, 2023 | 14.31% |
| Jul 31, 2023 | 14.40% |
| Apr 30, 2023 | 14.77% |
| Jan 31, 2023 | 12.06% |
| Oct 31, 2022 | 15.65% |
| Jul 31, 2022 | 17.48% |
| Apr 30, 2022 | 17.34% |
| Jan 31, 2022 | 17.43% |
| Oct 31, 2021 | 16.56% |
| Jul 31, 2021 | 16.59% |