Thor Industries (THO) Operating Expenses (2009 - 2026)
Thor Industries (THO) reported 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% on a QoQ basis from $254.0 million in Q4 2025.
Thor Industries (THO) has 18 years of Operating Expenses data on file, last reported at $212.0 million in Q1 2026.
- Quarterly Operating Expenses rose 2.81% year-over-year to $212.0 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $942.2 million (up 4.23% YoY) and the FY2025 annual result came in at $922.6 million, up 3.02% from the prior year.
- Operating Expenses slipped 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.
- The 5-year median for Operating Expenses is $231.0 million (2024), against an average of $233.8 million.
- The widest annual swing landed in 2022, when Operating Expenses rose 29.71%; it then declined 25.43% in 2023.
- Tracing THO's Operating Expenses over 5 years: stood at $241.6 million in 2022, then declined by 9.82% to $217.9 million in 2023, then climbed by 10.23% to $240.2 million in 2024, then gained by 5.76% to $254.0 million in 2025, then decreased by 16.54% to $212.0 million in 2026.
- Per Business Quant, the three latest THO Operating Expenses figures stand at $212.0 million (Q1 2026), $254.0 million (Q4 2025), and $237.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brunswick | 5.48 Bn | 5.20 Bn | 343.60 Mn | 291.80 Mn |
| 2 | Thor Industries | 4.17 Bn | 3.93 Bn | 251.25 Mn | 212.02 Mn |
| 3 | Polaris | 4.05 Bn | 3.77 Bn | - | - |
| 4 | Brp | 3.05 Bn | 2.70 Bn | 398.91 Mn | 389.90 Mn |
| 5 | Patrick Industries | 2.94 Bn | 2.90 Bn | 226.86 Mn | 162.14 Mn |
| 6 | Harley-Davidson | 2.66 Bn | 2.68 Bn | 266.45 Mn | 1.15 Bn |
| 7 | Lci Industries | 2.64 Bn | 2.50 Bn | 273.67 Mn | 122.62 Mn |
| 8 | Winnebago Industries | 837.26 Mn | 789.86 Mn | 85.60 Mn | 73.80 Mn |
| 9 | Malibu Boats | 526.29 Mn | 480.05 Mn | 41.28 Mn | 31.76 Mn |
| 10 | MasterCraft Boat Holdings | 376.07 Mn | 291.65 Mn | 19.54 Mn | 20.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | 231.83 Mn |
| Jan 31, 2021 | 206.19 Mn |
| Oct 31, 2020 | 181.76 Mn |
| Jul 31, 2020 | 155.15 Mn |
| Apr 30, 2020 | 128.15 Mn |
| Jan 31, 2020 | 162.36 Mn |
| Oct 31, 2019 | 188.46 Mn |
| Jul 31, 2019 | 171.30 Mn |
| Apr 30, 2019 | 190.35 Mn |
| Jan 31, 2019 | 127.13 Mn |
| Oct 31, 2018 | 159.78 Mn |
| Jul 31, 2018 | 106.64 Mn |
| Apr 30, 2018 | 119.45 Mn |
| Jan 31, 2018 | 117.09 Mn |
| Oct 31, 2017 | 134.26 Mn |
| Jul 31, 2017 | 109.45 Mn |
| Apr 30, 2017 | 111.12 Mn |
| Jan 31, 2017 | 96.97 Mn |
| Oct 31, 2016 | 102.31 Mn |
| Jul 31, 2016 | 89.62 Mn |
| Apr 30, 2016 | 80.83 Mn |
| Jan 31, 2016 | 67.37 Mn |
| Oct 31, 2015 | 68.45 Mn |
| Jul 31, 2015 | 69.66 Mn |
| Apr 30, 2015 | 68.94 Mn |
| Jan 31, 2015 | 54.30 Mn |
| Oct 31, 2014 | 57.99 Mn |
| Jul 31, 2014 | 59.65 Mn |
| Apr 30, 2014 | 56.95 Mn |
| Jan 31, 2014 | 43.77 Mn |
| Oct 31, 2013 | 48.34 Mn |
| Jul 31, 2013 | 53.74 Mn |
| Apr 30, 2013 | 52.57 Mn |
| Jan 31, 2013 | 41.63 Mn |
| Oct 31, 2012 | 46.70 Mn |
| Jul 31, 2012 | 26.59 Mn |
| Apr 30, 2012 | 46.96 Mn |
| Jan 31, 2012 | 36.25 Mn |
| Oct 31, 2011 | 38.46 Mn |
| Jul 31, 2011 | 24.51 Mn |
| Apr 30, 2011 | 50.39 Mn |
| Jan 31, 2011 | 40.74 Mn |
| Oct 31, 2010 | 44.89 Mn |
| Jul 31, 2010 | 38.73 Mn |
| Apr 30, 2010 | 42.82 Mn |
| Jan 31, 2010 | 31.09 Mn |
| Oct 31, 2009 | 34.77 Mn |