KPIs & Operating Metrics(New)
Cash Flow Statement
Growth Metrics

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 🔒
DateValue
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