Thor Industries (THO) Operating Expenses (2009 - 2026)
Thor Industries' (THO) quarterly Operating Expenses came in at $230.9 million in Q2 2026, down 3.08% year-over-year from $238.3 million in Q2 2025, and up 8.92% quarter-over-quarter from $212.0 million in Q1 2026.
Analysis
Thor Industries (THO) Operating Expenses (2009 - 2026) Analysis & Trends
Thor Industries (THO) has reported Operating Expenses for 18 consecutive years, with $230.9 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 3.08% year-over-year to $230.9 million in Q2 2026; TTM through Apr 2026 was $934.8 million, a 2.09% increase from a year earlier, with the FY2025 full-year figure at $922.6 million, up 3.02% from the prior year.
- Operating Expenses was $230.9 million for Q2 2026 at Thor Industries, up from $212.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $281.7 million in Q2 2022 and troughed at $206.2 million in Q1 2025.
- A 5-year average of $233.6 million and a median of $231.0 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses gained 29.71% in 2022 and fell 25.43% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $241.6 million in 2022, then fell by 9.82% to $217.9 million in 2023, then grew by 10.23% to $240.2 million in 2024, then advanced by 5.76% to $254.0 million in 2025, then declined by 9.09% to $230.9 million in 2026.
- The last three Operating Expenses figures came in at $230.9 million (Q2 2026), $212.0 million (Q1 2026), and $254.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thor Industries | 3.80 Bn | 3.43 Bn | 354.77 Mn | 230.93 Mn |
| 2 | Polaris | 3.44 Bn | 3.13 Bn | - | - |
| 3 | Harley-Davidson | 2.80 Bn | 906.15 Mn | 421.12 Mn | 1.15 Bn |
| 4 | Brunswick | 1.59 Bn | 1.28 Bn | 437.80 Mn | 308.40 Mn |
| 5 | Winnebago Industries | 819.00 Mn | 761.90 Mn | 94.90 Mn | 71.90 Mn |
| 6 | Malibu Boats | 499.99 Mn | 425.57 Mn | 52.19 Mn | 38.55 Mn |
| 7 | MasterCraft Boat Holdings | 370.08 Mn | 285.46 Mn | 19.54 Mn | 20.84 Mn |
| 8 | Niu Technologies | 164.51 Mn | -30.62 Mn | 33.95 Mn | -50.21 Mn |
| 9 | Massimo | 41.22 Mn | 36.59 Mn | 7.28 Mn | 5.62 Mn |
| 10 | Gogoro | 39.10 Mn | -29.74 Mn | 15.96 Mn | 19.05 Mn |
Historic Data
Download Data
Historic 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 |