Thor Industries (THO) Net Margin (2009 - 2026)
Thor Industries' (THO) quarterly Net Margin came in at 3.43% in Q2 2026, down 119.0% year-over-year from 18.08% in Q2 2025, and up 398.72% quarter-over-quarter from 0.69% in Q1 2026.
Analysis
Thor Industries (THO) Net Margin (2009 - 2026) Analysis & Trends
Thor Industries (THO) has reported Net Margin for 18 consecutive years, with 3.43% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 119.0% year-over-year to 3.43% in Q2 2026; TTM through Apr 2026 was 2.65%, a 34.0% increase from a year earlier, with the FY2025 full-year figure at 2.68%, up 4.0% from the prior year.
- Net Margin was 3.43% for Q2 2026 at Thor Industries, up from 0.69% in the prior quarter.
- Over five years, Net Margin peaked at 7.43% in Q2 2022 and troughed at 0.15% in Q1 2025.
- A 5-year average of 3.29% and a median of 3.52% in 2026 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 215 bps in 2022 and slumped 576 bps in 2023, its largest moves.
- Over 5 years, Net Margin stood at 4.42% in 2022, then slumped by 50 bps to 2.2% in 2023, then sank by 102 bps to 0.04% in 2024, then jumped by 2480 bps to 0.97% in 2025, then soared by 254 bps to 3.43% in 2026.
- The last three Net Margin figures came in at 3.43% (Q2 2026), 0.69% (Q1 2026), and 0.97% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thor Industries | 3.79 Bn | 3.42 Bn | 354.77 Mn | 3.43% |
| 2 | Polaris | 3.43 Bn | 3.12 Bn | - | - |
| 3 | Harley-Davidson | 2.81 Bn | 914.03 Mn | 421.12 Mn | 6.42% |
| 4 | Brunswick | 1.59 Bn | 1.28 Bn | 437.80 Mn | 8.56% |
| 5 | Winnebago Industries | 816.60 Mn | 759.50 Mn | 94.90 Mn | 2.08% |
| 6 | Malibu Boats | 498.45 Mn | 424.03 Mn | 52.19 Mn | 2.49% |
| 7 | MasterCraft Boat Holdings | 368.87 Mn | 284.25 Mn | 19.54 Mn | -0.95% |
| 8 | Niu Technologies | 164.91 Mn | -30.22 Mn | 33.95 Mn | -7.19% |
| 9 | Massimo | 42.47 Mn | 37.84 Mn | 7.28 Mn | 9.18% |
| 10 | Gogoro | 39.10 Mn | -29.74 Mn | 15.96 Mn | -0.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 3.43% |
| Jan 31, 2026 | 0.69% |
| Oct 31, 2025 | 0.97% |
| Jul 31, 2025 | 5.02% |
| Apr 30, 2025 | 4.63% |
| Jan 31, 2025 | -0.15% |
| Oct 31, 2024 | -0.04% |
| Jul 31, 2024 | 3.61% |
| Apr 30, 2024 | 4.05% |
| Jan 31, 2024 | 0.24% |
| Oct 31, 2023 | 2.20% |
| Jul 31, 2023 | 3.33% |
| Apr 30, 2023 | 4.09% |
| Jan 31, 2023 | 1.10% |
| Oct 31, 2022 | 4.42% |
| Jul 31, 2022 | 7.37% |
| Apr 30, 2022 | 7.43% |
| Jan 31, 2022 | 6.86% |
| Oct 31, 2021 | 6.18% |
| Jul 31, 2021 | 6.44% |