Thor Industries (THO) Operating Expenses (2009 - 2026)
Thor Industries (THO) posted quarterly Operating Expenses of $212.0 million for Q1 2026, up 2.81% year-over-year from $206.2 million in Q1 2025, and down 16.54% quarter-over-quarter from $254.0 million in Q4 2025.
Thor Industries (THO) Operating Expenses (2009 - 2026) Analysis & Trends
Thor Industries (THO) has reported Operating Expenses for 18 consecutive years, with $212.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 2.81% year-over-year to $212.0 million; the TTM figure through Jan 2026 stood at $942.2 million (up 4.23% YoY), while the FY2025 annual figure was $922.6 million, up 3.02% from the prior year.
- Operating Expenses declined to $212.0 million in Q1 2026 per THO's latest filing, from $254.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $281.7 million in Q2 2022 and bottomed at $206.2 million in Q1 2025.
- Historically, Operating Expenses has averaged $233.8 million across 5 years, with a median of $231.0 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses advanced 29.71% — and 2023, when it retreated 25.43%.
- Thor Industries' Operating Expenses stood at $241.6 million in 2022, then decreased by 9.82% to $217.9 million in 2023, then rose by 10.23% to $240.2 million in 2024, then grew by 5.76% to $254.0 million in 2025, then declined by 16.54% to $212.0 million in 2026.
- Business Quant data shows THO's Operating Expenses at $212.0 million in Q1 2026, $254.0 million in Q4 2025, and $237.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brp | 4.88 Bn | 4.32 Bn | 409.69 Mn | 245.19 Mn |
| 2 | Thor Industries | 4.11 Bn | 3.74 Bn | 354.77 Mn | 230.93 Mn |
| 3 | Polaris | 3.71 Bn | 3.41 Bn | - | - |
| 4 | Harley-Davidson | 2.89 Bn | 992.33 Mn | 421.12 Mn | 1.15 Bn |
| 5 | Patrick Industries | 2.73 Bn | 2.70 Bn | 247.58 Mn | 170.54 Mn |
| 6 | Lci Industries | 2.57 Bn | 2.36 Bn | 301.14 Mn | 143.84 Mn |
| 7 | Brunswick | 1.55 Bn | 1.24 Bn | 437.80 Mn | 308.40 Mn |
| 8 | Winnebago Industries | 913.11 Mn | 856.01 Mn | 94.90 Mn | 71.90 Mn |
| 9 | Malibu Boats | 548.56 Mn | 498.39 Mn | 41.28 Mn | 40.11 Mn |
| 10 | MasterCraft Boat Holdings | 395.82 Mn | 311.20 Mn | 19.54 Mn | 20.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 230.93 Mn |
| Jan 31, 2026 | 212.02 Mn |
| Oct 31, 2025 | 254.03 Mn |
| Jul 31, 2025 | 237.86 Mn |
| Apr 30, 2025 | 238.27 Mn |
| Jan 31, 2025 | 206.22 Mn |
| Oct 31, 2024 | 240.20 Mn |
| Jul 31, 2024 | 231.00 Mn |
| Apr 30, 2024 | 226.52 Mn |
| Jan 31, 2024 | 220.13 Mn |
| Oct 31, 2023 | 217.90 Mn |
| Jul 31, 2023 | 209.64 Mn |
| Apr 30, 2023 | 210.04 Mn |
| Jan 31, 2023 | 208.74 Mn |
| Oct 31, 2022 | 241.62 Mn |
| Jul 31, 2022 | 271.45 Mn |
| Apr 30, 2022 | 281.68 Mn |
| Jan 31, 2022 | 267.45 Mn |
| Oct 31, 2021 | 295.88 Mn |
| Jul 31, 2021 | 250.13 Mn |