Thor Industries THO
NYSE THO
$72.23 -1.90 (-2.56%)
As of: Sep 9, 2026 · 3:27 PM EDT

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

Historic Data

Download Data
DateValue
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%